CHINA TWO WHEELER MARKET SIZE & SHARE ANALYSIS – GROWTH TRENDS & FORECASTS (2024

Market Snapshot

The China Two-Wheeler Market is segmented by propulsion type (Hybrid and Electric Vehicles, Internal Combustion Engine (ICE)) and covers various key players and market dynamics. As the world’s largest producer and consumer of two-wheelers, China is at the forefront of electrification in the sector, driven by regulatory support, consumer demand, and technological advancements.

Market Overview

The China Two-Wheeler Market is characterized by strong demand for electric two-wheelers due to government policies promoting clean energy and emissions reductions. The ICE segment remains significant but is facing challenges from tightening regulations and the rise of electric mobility. With robust infrastructure and innovations in battery technology, China leads the global two-wheeler industry.

Key Indicative Metrics

Population: Over 1.4 billion, providing a vast consumer base.
GDP Per Capita: Continued economic growth supports increased two-wheeler ownership.
Consumer Spending For Vehicle Purchase (CVP): Rising disposable income boosts demand for two-wheelers, especially in urban areas.
Inflation: Stable inflation levels aid affordability of vehicles.
Interest Rate For Auto Loans: Low rates support financing for two-wheeler purchases.
Impact of Electrification: Electric two-wheelers dominate new sales due to subsidies and environmental concerns.
EV Charging Station: Expansion of charging networks supports adoption of electric two-wheelers.
Battery Pack Price: Decreasing costs of batteries make electric two-wheelers more accessible.
New XEV Models Announced: Manufacturers continuously introduce innovative and affordable electric models.
Fuel Price: Volatile fuel prices increase consumer interest in electric alternatives.
Regulatory Framework: Favorable regulations promote electrification and discourage high-emission vehicles.
Value Chain & Distribution Channel Analysis: Integrated supply chains and strong dealership networks support the market.

Market Segmentation

Propulsion Type

Hybrid and Electric Vehicles: Leading the transition to sustainable mobility with strong growth prospects.
Internal Combustion Engine (ICE): Continues to serve rural and cost-conscious consumers but faces declining market share.

Competitive Landscape

The China Two-Wheeler Market is highly competitive, with a mix of established and emerging players. Companies are focusing on technological innovation, expanding electric vehicle portfolios, and improving distribution networks.

Major Players

Guangzhou Dayun Motorcycle Co. Ltd.: A key manufacturer with a strong focus on innovation and market reach.
Jiangmen Grand River Group Co. Ltd.: Known for producing reliable and affordable two-wheelers.
Jiangsu Xinri E-Vehicle Co. Ltd.: A leader in electric two-wheelers, emphasizing cutting-edge technology.
JINYI Motor (China) Investment Co. Ltd.: Specializes in high-quality two-wheeler production.
Lifan Technology (Group) Co. Ltd.: Renowned for its diverse product offerings in two-wheelers and related industries.
Loncin Motor Co. Ltd.: Focused on premium and high-performance two-wheelers.
Luoyang Northern Enterprises Group Co. Ltd.: Offers a range of two-wheelers catering to various consumer needs.
Sundiro Honda Motorcycle Co. Ltd.: A joint venture producing reliable and efficient two-wheelers.
Wuyang-Honda Motors (Guangzhou) Co. Ltd.: Combines Honda’s technology with local expertise for innovative products.
Zhejiang Luyuan Electric Vehicle Co. Ltd.: Specializes in electric two-wheelers with a focus on sustainability.
Zongshen Industrial Group Co. Ltd.: A prominent player with a wide range of two-wheeler offerings.

Recent Developments

October 2023: Jiangsu Xinri E-Vehicle Co. Ltd. launched a new line of high-performance electric scooters.
September 2023: Lifan Technology partnered with a global EV company to enhance its electric two-wheeler portfolio.
July 2023: Wuyang-Honda introduced its first electric motorcycle tailored for urban commuters.
June 2023: Zongshen Industrial Group announced an investment in a new R&D facility focusing on electric mobility.
May 2023: Loncin Motor Co. Ltd. unveiled a hybrid two-wheeler model targeting rural markets.

Table of Content

1. INTRODUCTION

1.1. Study Assumptions & Market Definition

1.2. Scope of the Study

1.3. Research Methodology

1.3.1. Secondary Research

1.3.2. Primary Research

1.4. Executive Summary & Key Findings Report

1.5. Global Overview

1.5.1. Porter’s Five Forces Framework

1.5.2. Global Value Chain Analysis

1.5.3. Global Market Size and Drivers, Restraints, and Opportunities

2. KEY INDICATIVE METRICS

2.1. Population

2.2. GDP Per Capita

2.3. Consumer Spending For Vehicle Purchase (CVP)

2.4. Inflation

2.5. Interest Rate For Auto Loans

2.6. Impact Of Electrification

2.7. EV Charging Station

2.8. Battery Pack Price

2.9. New XEV Models Announced

2.10. Fuel Price

2.11. Regulatory Framework

2.12. Value Chain & Distribution Channel Analysis

3. MARKET SEGMENTATION (INCLUDES MARKET SIZE, FORECASTS AND ANALYSIS OF GROWTH PROSPECTS)

3.1. Propulsion Type

3.1.1. Hybrid and Electric Vehicles

3.1.2. ICE

4. COMPETITIVE LANDSCAPE

4.1. Key Strategic Moves

4.2. Market Share Analysis

4.3. Company Landscape

4.4. Company Profiles

4.4.1. Guangzhou Dayun Motorcycle Co. Ltd.

4.4.2. Jiangmen Grand River Group Co. Ltd. (Jiangmen Dachangjiang Group Co. Ltd.)

4.4.3. Jiangsu Xinri E-Vehicle Co. Ltd.

4.4.4. JINYI Motor (China) Investment Co. Ltd. (Jinyi Vehicle Industry Co. Ltd.)

4.4.5. Lifan Technology (Group) Co. Ltd.

4.4.6. Loncin Motor Co. Ltd.

4.4.7. Luoyang Northern Enterprises Group Co. Ltd.

4.4.8. Sundiro Honda Motorcycle Co. Ltd.

4.4.9. Wuyang-Honda Motors (Guangzhou) Co. Ltd.

4.4.10. Zhejiang Luyuan Electric Vehicle Co. Ltd.

4.4.11. Zongshen Industrial Group Co. Ltd.

5. KEY STRATEGIC QUESTIONS FOR INDUSTRY PROFESSIONALS IN CHINA TWO WHEELER MARKET

6. APPENDIX

Research Methodology

Data Collection and Analysis Methods

Datanumero’s research methodology encompasses a thorough approach aimed at ensuring accuracy and reliability in market estimation and forecasting. Our process begins with preliminary data mining, where we gather raw market data from a diverse range of validated sources. This data undergoes rigorous filtration to ensure authenticity, with inputs also drawn from reputable reports, paid databases, and our repository. Our goal is to map the complete market value chain, gathering insights from raw material suppliers, distributors, and buyers.Additionally, we delve into technical issues and trends through surveys, technical symposia, and trade journals, focusing on intellectual property perspectives such as white space and freedom of movement. Industry dynamics, including drivers, restraints, and pricing trends, are thoroughly examined. This approach ensures that our material is rich in original data, further cross-validated and authenticated with published sources for accuracy.

Market estimates and forecasts are derived using sophisticated statistical models tailored to each study. These models incorporate inputs on market dynamics, technology landscapes, application development, and pricing trends. We analyze these factors comparatively, quantifying their impact using correlation, regression, and time series analysis. Our forecasting techniques combine economic tools, technological analysis, industry experience, and domain expertise.Primary validation represents the final step, involving exhaustive interviews with key industry participants. These interviews, conducted globally and across various language barriers, validate our findings and assumptions. Key industry participants include market-leading companies, raw material suppliers, product distributors, and buyers. This primary research not only ensures data accuracy but also provides critical insights into the current market scenario, business landscape, and future expectations, enhancing the quality of our reports.

Industry Analysis Approach

In our analysis, we employ both qualitative and quantitative methodologies. Qualitatively, we delve into the industry landscape, trends, market dynamics, and key issues. We explore the technology landscape and identify market opportunities for our clients. Our approach includes Porter’s analysis and PESTEL analysis to understand the competitive landscape and conduct component benchmarking.On the quantitative front, we provide market revenue estimates and forecasts up to specified timeframes, including breakdowns by technology, application, type, and component. Regional market revenue forecasts are also provided, giving clients a comprehensive view of market dynamics across different geographical areas.By integrating these methodologies, DataNumero ensures a holistic, unbiased, and accurate assessment of market trends, opportunities, and future expectations, positioning us as a professional and reliable market research partner.

CHINA TWO WHEELER MARKET SIZE & SHARE ANALYSIS – GROWTH TRENDS & FORECASTS (2024 – 2030)