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 "
https://www.techsciresearch.com/report/china-two-wheeler-market/3195.html
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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