China Two-Wheeler Market Report 2023: Competition, Forecast & Opportunities to 2028 - Shift Towards Electric, Affordability, Rising Demand for Personal Transportation

DUBLIN, Nov. 28, 2023 /PRNewswire/ -- The "China Two-Wheeler Market Competition Forecast & Opportunities, 2028" report has been added to  ResearchAndMarkets.com's offering.

China two-wheeler market is poised for growth, driven by urbanization, economic development, and government support for sustainable transportation solutions.

The rise of e-commerce during the COVID-19 pandemic has created opportunities for two-wheelers in China. They are increasingly used for delivering online purchases, particularly in urban areas. Bike-taxis and bike rentals, bookable through mobile apps, are also emerging as potential business opportunities. Two-wheelers are preferred for cost-effective deliveries by e-commerce and last-mile delivery companies, providing income opportunities for vehicle owners.

Two-wheelers, including motorcycles, scooters, and mopeds, are widely used for personal transportation due to their affordability, fuel efficiency, and suitability for congested urban environments. In China, two-wheelers have traditionally been a popular mode of transport, driven by factors like low cost and ease of use in traffic congestion. The market for two-wheelers in China is expected to see significant growth in the coming years.

Market Drivers:

• Rising Demand for Personal Transportation: China's growing economy and increased income levels have led to higher demand for personal vehicles. Motorcycles offer an affordable and convenient alternative to cars, especially in congested urban areas.
• Affordability and Cost Benefits: Two-wheelers provide cost benefits such as low parking costs and toll-free riding. They offer excellent mileage, making them fuel-efficient. Maintenance costs are lower compared to four-wheelers, and spare parts are readily available.
• Shift Towards Electric Two-wheelers: The sales of electric two-wheelers have surged in China due to their popularity among city residents, regular commuters, and eco-conscious individuals. They are known for their quickness, ease of operation and maintenance, affordability, and low environmental impact. These electric two-wheelers are also being used for various public services.

Market Trends:

• Government Support: The Chinese government has implemented policies to encourage the development of the two-wheeler industry. For example, it has provided tax exemptions on purchases of new energy vehicles, including electric two-wheelers, to promote their adoption.
• Technological Advancements: The two-wheeler industry is witnessing technological advancements, such as the integration of Internet of Things (IoT) technology. IoT-enabled rideshare and scooters allow users to pick up IoT-enabled vehicles from any location and drop them off at their destination, providing convenience and flexibility.
• Ride-By-Wire (RBW) Technology: RBW technology, which electronically controls a vehicle's acceleration, has improved fuel efficiency and engine performance in two-wheelers. As consumers seek better mileage and fuel efficiency, RBW technology is gaining popularity in the market.

Market Challenges:

• Shift to E-Bicycles: In rural areas of China, there's a growing preference for e-bicycles as a means of transport due to safety concerns associated with motorcycles.
• Preference for Passenger Cars: Rising safety concerns have led more people to prefer passenger cars over two-wheelers. Motorcycles lack occupant protection features like airbags, roofs, and seatbelts, making them less appealing to safety-conscious consumers.

Company Profiles: Detailed analysis of the major companies present in the China two-wheeler market.

• Jiangmen Dachangjiang Group Co., Ltd.
• Loncin Holding Ltd.
• Lifan Holdings Co., Ltd.
• Zongshen Industrial Group Co., Ltd.
• Chongqing Yinxiang Motorcycle (Group) Co., Ltd.
• Sundiro Honda Motorcycle Co., Ltd.
• Yadea Group Holdings Ltd.
• AIMA Technology Co., Ltd
• Zhejiang Luyuan Electric Vehicle
• Dongguan Tailing Electric Vehicle Co., Ltd.

Voice of Customer

• Brand Awareness
• Factors Influencing Purchase Decision
• Brand Satisfaction Level

Report Scope:

China Two-Wheeler Market, By Propulsion Type:

• ICE Vehicles
• Electric Vehicles

China Two-Wheeler Market, By Vehicle Type:

• Scooter
• Motorcycle

China Two-Wheeler Market, By End Use:

• Individual
• Institutional

China Two-Wheeler Market, By Region:

• South-Central Region
• South-West Region
• East Region
• North & Northeast Region
• North-West Region

For more information about this report visit https://www.researchandmarkets.com/r/2q4c2e

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