Electric Two-wheelers(E2Ws) Market in China 2015-2019
About Electric Two-wheelers Market in China
E2W is a term used for electric motorcycles, scooters, and bicycles. They are powered by batteries instead of liquid fuel. E2Ws consist of a DC motor, controller, battery, and charger instead of an ICE, as used in liquid fuel-powered two-wheelers. E2Ws are considered more environment friendly as well as a fuel saving alternative in comparison with liquid fuel-powered two-wheelers, and are a sound choice for short-range travel requirements. E2Ws have become one of the successful mass-produced and adapted alternative-fuel vehicles since the start of motorization.
TechNavio's analysts forecast the Electric Two-wheelers market in China to grow at a CAGR of 8.26 percent over the period 2014-2019.
Covered in this Report
This report covers the current scenario and growth prospects of the Electric Two-wheelers market in China for the period 2015–2019. It presents an overview of the Chinese E2W market and the market share of key cities for the Electric Two-wheelers market in China. This report presents market segmentation in terms of products and battery technology. It also presents the vendor landscape and a corresponding detailed analysis of the key vendors in the market. In addition, the report discusses the major drivers that influence the growth of the market and also outlines the challenges faced by the vendors and the market at large and key trends that are emerging in the market.
TechNavio's report, the Electric Two-wheelers Market in China 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report also covers the few of the major cities in China.
Key Leading Cities
TechNavio Announces the Publication of its Research Report – E2Ws Market in China 2015-2019
TechNavio recognizes the following companies as the key players in the E2Ws Market in China: Jiangsu Xinri E-Vehicle, Yadea Technology Group and Zhejiang Luyuan Electric Vehicle.
Other Prominent Vendors in the market are: Bodo Electric Vehicle Group, Changzhou Hongdu Electric Bicycle, China Xingyue Group, eZee Kinetics Technology, Giant Manufacturing, Guangzhou Camqi Electric Vehicle, Jiangsu Aima Manufacturing & Technology, Qingdao Aucma Electric Vehicle, Shandong Incalcu Electric Vehicle, SYM Sanyang Industry, Tianjin Cosbike Electric Bicycle, Tianjin Fushida Electric Bicycle and Tianjin Gamma Bicycle.
Commenting on the report, an analyst from TechNavio’s team said: “Improvement in battery technology is one of the most important factors contributing to the growth of the E2Ws market in China because E2Ws are powered and driven by battery-powered systems. Several improvements have been made in the battery technology of E2Ws, which are expected to contribute to the increased sales in the market.”
According to the report, growing demand for E2Ws and favorable government policies are some of the major factors driving market growth. Government policies in China have propelled the growth of the E2Ws market in the country. Incentives are provided to encourage the adoption of E2Ws. These incentives could either be direct subsidies on the price or reduced taxes or policies that permit E2Ws owners to use bicycle lanes and infrastructure.
Further, the report states that Growing use of lead-acid batteries in E2Ws, which cause environmental pollution, is one of the major challenges. Currently, the E2Ws available are comparatively less powerful and limited in range as compared to conventional two-wheelers.
Jiangsu Xinri E-Vehicle, Yadea Technology Group, Zhejiang Luyuan Electric Vehicle, Bodo Electric Vehicle Group , Changzhou Hongdu Electric Bicycle, China Xingyue Group, eZee Kinetics Technology, Giant Manufacturing, Guangzhou Camqi Electric Vehicle, Jiangsu AimaManufacturing & Technology, Qingdao Aucma Electric Vehicle, Shandong Incalcu Electric Vehicle, SYM Sanyang Industry, Tianjin Cosbike Electric Bicycle, Tianjin Fushida Electric Bicycle, Tianjin Gamma Bicycle