Press release
China Electric Scooters and Motorcycles Market to Reach Over $12 billion by 2025 - Yadea, Aima, Zhejiang Luyuan
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As per the findings of research, lead acid powered electric scooters and motorcycles contributed majority of the industry sales, however, the share of lithium-ion battery powered two-wheelers is expected to grow significantly over the forecast period due to the declining prices of lithium-ion batteries and its advantages over lead acid battery. Electric scooters being simple and smart are best suited for delivery services such as in fast food joints and e-commerce. The demand of electric two-wheelers for delivery services is driving its sales, given the growth of e-commerce and internet penetration in the country. Electric scooters and motorcycles are expected to become a mainstay for such services in future.
Access Report Summary with Detailed TOC on “China Electric Scooters and Motorcycles Market by Product (Scooter, Motorcycle), by Battery Type (Sealed Lead Acid, Li-ion), by Voltage (36V, 24V, 48V), by Technology (by Plug-in, Battery) – Market Size, Share, Development, Growth and Demand Forecast, 2013-2025” at: www.psmarketresearch.com/market-analysis/china-electric-scooters-and-motorcycles-market
On the basis of voltage, the 36V and 24V batteries powered scooters are the most commonly used in China and together account for majority of industry sales; as these two-wheelers are small and light for easy maneuvering on congested roads. Based on technology, plug-in electric scooters and motorcycles accounted for majority sales during the historic period and it will continue to dominate the country sales over the forecast period.
The competition in the market is fierce with many small privately-owned companies trying to gain share in the market. Large number of players has led to cut throat competition in the market, which has been majorly price driven. Due to cost sensitivity of the end user, the companies in the past have offered value of money products at competitive prices. However, nowadays the companies (especially the leading players) have started focusing more on product quality, brand building and after sale services.
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