China Electric Scooters and Motorcycles Market Size, Share, Development,

Growth and Demand Forecast, 2013-2025

Increasing awareness about the harmful greenhouse gas (GHG) emissions from
internal combustion engine (ICE) vehicles, and rapid urbanization are the major factors
behind the progress of the Chinese electric scooters and motorcycles market. In 2017,
the market attained a size of $7.7 billion, and it is predicted to generate a revenue of
$12.5 billion by 2025, witnessing a 6.1% CAGR during the forecast period (2018–2025),
finds P&S Intelligence. These two-wheelers are battery operated, therefore produce
almost no carbon emissions.

Based on product, the electric scooters and motorcycles market in China is bifurcated
into scooters and motorcycles. Of these, in 2017, scooters contributed higher revenue
to the market and are predicted to maintain their lead during the forecast period. This
is mainly ascribed to the fact that scooters are less expensive as compared to
motorcycles, hence more popular. Furthermore, the increasing adoption of scooters by
females for short trips such as going to work or for grocery and picking up children
from schools is escalating the growth of the market at a rapid pace.

On the basis of battery type, the Chinese electric scooters and motorcycles market is
classified into lithium ion (Li-ion) and sealed lead acid (SLA), of which the Li-ion
classification registered the faster growth during the historical period (2013–2017), and
it is predicted to continue doing so during 2018–2025. Stringent government norms for
lead acid batteries and rising grants and incentives for Li-ion batteries are some of the
factors behind the increasing integration of Li-ion batteries in e-two-wheelers.
Furthermore, the reducing prices of these batteries would further benefit this category.

Mergers, acquisitions, and joint ventures are gaining popularity in the Chinese electric
scooters and motorcycles market. Seeing the potential offered by the expected
consolidation of the market, overseas players are entering it through collaborations
and other agreements with existing Chinese firms. For instance, Yadea Group bought a
17.4% stake in U.S.-based Lightening Motors to maintain its position in the electric
motorcycle market of China. Both companies agreed to cooperate in fields such as
technology, research and development, and catering to global clients.

Rapid urbanization in China is anticipated to escalate the sales of electric two-wheelers

during the forecast period. In 2011, the urban population crossed 50.0%, and by 2030 it
is predicted that up to 70.0% of the population will live in urban areas. Due to the
surging urban population, the demand for transportation from the small and mid-size
cities will increase. People in such cities mainly use two-wheelers for frequent and
short drives. Furthermore, due to low population and ample spaces, charging
infrastructure devolpement would be easier in small cities compared to the bigger
ones.

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Additionally, electric two-wheelers are majorly used for routine purposes, such as
dropping-picking children from schools, going to work, and buying grocery. However, in
the past few years, electric two-wheelers have been increasingly adopted by the retail
industry for doorstep delivery. As scooters are quite simple, small, and smart, these
have become the ideal choice for delivery services by e-commerce firms and fast food
joints. The increasing use of e-scooters in delivery services is predicted to boost the
growth of the electric scooters and motorcycles market in China during the forecast
period.

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analysis/china-electric-scooters-and-motorcycles-market

Thus, the rising adoption of electric two-wheelers in small and med-size cities and
growing environmental concerns are fueling the market progress.