China Electric Two-Wheeler Market Size, Share, Analysis, Trends, Growth, 2032

China Electric Two-Wheeler Industry Prospective:

China electric two-wheeler market size was evaluated at $10.58 billion in 2023 and is slated to hit $23.87 billion by the end of 2032 with a CAGR of nearly 9.46% between 2024 and 2032.  

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China Electric Two-Wheeler Market: Overview

In China, there is a massive sale of electric vehicles including two-wheelers. Moreover, electric two-wheelers such as motorcycles, mopeds, and scooters are used extensively for personal transportation owing to their contribution to zero carbon emissions to environment.

Key Insights

• As per the analysis shared by our research analyst, the China electric two-wheeler market is projected to expand annually at the annual growth rate of around 9.46% over the forecast timespan (2024-2032)
• In terms of revenue, China electric two-wheeler market size was evaluated at nearly $10.58 billion in 2023 and is expected to reach $23.87 billion by 2032.
• China electric two-wheeler market is anticipated to grow rapidly over the forecast timeline owing to the escalating popularity of electric scooters and favorable government laws in China.
• In terms of product, the e-motorcycles segment is slated to register the highest CAGR over the forecast period.
• Based on battery type, the Li-ion segment is predicted to contribute majorly towards the China industry share in the upcoming years.

Request Free SampleChina Electric Two-Wheeler Market: Growth Factors

Growing demand for electric two-wheelers & supportive government legislations to drive the market surge in China

Escalating popularity of electric scooters and favorable government laws in China will drive the growth of China electric two-wheeler market. In addition to this, large-scale presence of key manufacturers in the country and rise in the allocation of funds for developing durable electric batteries for electric two-wheelers in China will drive the market trends in the country. Easy access to electric bikes and electric scooters in China will contribute majorly towards the regional market growth in the coming years. A rise in urbanization along with a surge in disposable income is likely to augment the expansion of the market in China.

China Electric Two-Wheeler Market: Restraints

An increase in the costs of raw materials used in electric two-wheeler production can decimate the growth of the industry in China

The use of only licensed electric two-wheelers can hinder the expansion of the China electric two-wheeler industry. Moreover, the high costs of raw components can further decimate the expansion of the industry in China.

China Electric Two-Wheeler Market: Opportunities

Low costs of products can open new growth avenues for the market in China over 2024-2032

Key policies implemented by the Chinese government such as replacing traditional vehicles operated by fuels with electric vehicles will open new opportunities for growth for the China electric two-wheeler market. Moreover, electric two-wheelers can be easily produced at reduced costs, thereby enhancing its popularity in China.

China Electric Two-Wheeler Market: Challenges

Stringent legislations pertaining to production of electric vehicles in China can challenge the expansion of the industry in the country

Strict government laws related to production of electric vehicles in China can challenge the growth of China electric two-wheeler industry in the upcoming years.

China Electric Two-Wheeler Market: Report Scope

China Electric Two-Wheeler Market: Segmentation

China electric two-wheeler market is divided into product, battery type, technology, voltage type, and region.                                         

In product terms, the China electric two-wheeler market is bifurcated into e-scooters, e-motorcycles, e-bikes, and other segments. Additionally, the e-motorcycles segment, which acquired nearly 65% of the China market earnings in 2023, is expected to register the fastest annual rate of growth in the forecast timespan. The expansion of the segment in the next eight years can be a result of the rise in the use of IoT in e-motorcycles along with the launching of Ride-By-Wire systems that convert conventional vehicles into smart ones. Demand for improving vehicle performance and tax incentives for electric vehicles along with the need for curtailing fuel emissions will contribute sizably towards the segmental growth.

Based on the battery type, the China electric two-wheeler industry is divided into Li-ion, sealed lead acid, and Ni-MH segments. Moreover, the Li-ion segment, which gathered nearly 65% of the China industry earnings in 2023, is anticipated to make huge contributions towards the China industry proceeds over the analysis timeframe. The growth of the segment in the ensuing years can be owing to the launching of proficient management systems by the country for ensuring the durability of lithium-ion batteries through its performance monitoring as well as fault monitoring.

Based on the technology, the China electric two-wheeler market is sectored into plugin and battery segments.

Based on the voltage, China electric two-wheeler industry is segmented into 24V, 48V, 36V, 60V, and 72V segments.

Key Developments

• In the second half of 2017, Yadea Group Holdings introduced Z3S, a new electric two-wheeler in Beijing, the capital city of China. 

China Electric Two-Wheeler Market: Competitive Space

China electric two-wheeler market profiles key players such as:

• Dongguan Tailing Electric Vehicle Co. Ltd.
• Lifan Holdings Co. Ltd.
• Jiangsu Kingbon Vehicle Co. Ltd
• Jiangsu Xinri E-Vehicle Co. Ltd. (SUNRA)
• Zhejiang Luyuan Electric Vehicle Co. Ltd.
• Zongshen Industrial Group Co. Ltd.
• AIMA Technology Group Co. Ltd
• Sundiro Honda Motorcycle Co. Limited
• Loncin Holding Ltd.
• Chongqing Yinxiang Motorcycle (Group) Co. Ltd.
• Yadea Technology Group

China electric two-wheeler market is segmented as follows:

By Product

• E-scooters
• E-motorcycles
• E-bikes
• Others

By Battery Type

• Li-ion
• Sealed Lead Acid
• Ni-MH

By Technology

• Plugin
• Battery

By Voltage

• 24V
•  48V
•  36V
• 60V
• 72V

By Region

• China