China Two Wheeler Market to Reach $ 22 Billion by 2024
Growing population and rising demand for electric two wheelers to drive China two wheeler market through 2024
According to TechSci Research report, “China Two-Wheeler Market By Vehicle Type, By Engine/Battery Capacity, By Type of Sales, By Region, Forecast & Opportunities, 2024”, China two-wheeler market is projected to cross USD22 billion by 2024, backed by growth in electric two wheeler sales and increasing number of female population in different Chinese states as well as increasing tourism translating into the demand for two-wheelers as it is commonly used by travellers. Major two-wheeler giants such as Dachangjiang, Loncin and Lifan, Wuyang Honda, Zongshen Industrial Group Limited etc., are enhancing their product offerings to gather more customer concentration towards their products.
Browse 9 market data Tables and 37 Figures spread through 95 Pages and an in-depth TOC on “China Two Wheeler Market “
With a dominating volume market share of over 55% in China two-wheeler market, scooter/moped segment dominated the country’s two wheeler market, followed by motorcycle segment, as of 2018. Demand for public transportation used for last mile connectivity in major cities of China as well as increasing inclination of consumers towards small and easy manoeuvrable modes of transport, has given enough stimuli to the two wheeler industry across the country over the last five years.
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“Growing presence of various multinational companies such as Honda, Suzuki, Yamaha, Harley Davidson, BMW, Piaggio and Kawasaki, coupled with their continued research and developments to manufacture premium two-wheelers as well as to offer a wide range of products is expected to intensify competition in China two-wheeler market in the coming years. Moreover, rising average selling price of two-wheelers and growing sales of two-wheelers are forecast to boost revenues of China two-wheeler players during 2019-2024”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“China Two-Wheeler Market By Vehicle Type, By Engine/Battery Capacity, By Type of Sales, By Region, Forecast & Opportunities, 2024” has analyzed the potential of two-wheeler market in China, and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyses emerging trends along with essential drivers and key challenges faced by the two-wheeler market across the country.
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