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 PS 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.
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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.
Thus, the rising adoption of electric two-wheelers in small and med-size cities and growing environmental concerns are fueling the market progress.
Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Product
1.3.2 Market Segmentation by Battery Type
1.3.3 Market Segmentation by Voltage
1.3.4 Market Segmentation by Technology
1.3.5 Analysis Period
1.3.6 Market Data Reporting Unit
1.3.6.1 Value
1.3.6.2 Volume
1.4 Key Stakeholders