Market Size of china two wheeler Industry
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 349.4 Billion |
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Market Size (2030) | USD 383.4 Billion |
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Largest Share by Propulsion Type | ICE |
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CAGR (2024 - 2030) | 1.56 % |
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Fastest Growing by Propulsion Type | ICE |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
China Two Wheeler Market Analysis
The China Two Wheeler Market size is estimated at 349.4 billion USD in 2024, and is expected to reach 383.4 billion USD by 2030, growing at a CAGR of 1.56% during the forecast period (2024-2030).
349.4 Billion
Market Size in 2024 (USD)
383.4 Billion
Market Size in 2030 (USD)
6.41 %
CAGR (2017-2023)
1.56 %
CAGR (2024-2030)
Largest Segment by Propulsion Type
80.11 %
value share, ICE, 2023
ICE two-wheelers lead due to their cost-effectiveness, widespread availability, and extensive infrastructure, catering to the large consumer base in urban and rural areas.
Fastest-growing Segment by Propulsion Type
1.74 %
Projected CAGR, ICE, 2024-2030
Electric two-wheelers are the fastest-growing due to supportive government policies, advancements in battery technology, and increasing consumer preference for eco-friendly transportation.
Leading Market Player
9.48 %
market share, Jiangmen Grand River Group Co. Ltd.(Jiangmen Dachangjiang Group Co. Ltd.), 2023
Jiangmen Grand River Group Co. Ltd. leads the market with its diverse portfolio of two-wheelers, advanced manufacturing processes, and strong focus on quality and performance.
Second leading Market Player
6.74 %
market share, Loncin Motor Co. Ltd., 2023
Loncin Motor Co. Ltd. holds a significant market share due to its innovative two-wheeler designs, extensive product range, and strong brand presence in the Chinese market.
Third Leading Market Player
3.23 %
market share, Luoyang Northern Enterprises Group Co. Ltd., 2023
Luoyang Northern Enterprises Group Co. Ltd. is a key player due to its reliable and affordable two-wheeler models, strong manufacturing capabilities, and widespread distribution network in China.
The Chinese two-wheeler market is set to grow steadily through 2030, driven by advancements in electric vehicles and supportive government policies enhancing personal mobility solutions
- In 2023, the overall sales for two-wheelers in China reached 19,800,500 units, indicating a consistent growth trend from the previous year's 19,131,600 units. This growth reflects the increasing demand for two-wheelers, encompassing both ICE and electric vehicles, amid urbanization and the growing need for personal mobility solutions. The forecast for 2024 projects an increase to 21,108,080 units, underscoring a sustained interest in two-wheelers as essential transport tools.
- Government policies have played a crucial role in shaping the two-wheeler market in China, with significant emphasis on reducing pollution and promoting EVs. These initiatives, coupled with advancements in EV technology and infrastructure, have not only fostered a favorable environment for electric two-wheelers but also stimulated the overall two-wheeler market growth. Additionally, the post-pandemic recovery has witnessed a resurgence in the demand for personal mobility solutions, further propelling market expansion.
- From the 2024 to 2030 period, the market is expected to witness gradual growth, with projections indicating a peak at 24,012,450 units in 2029 before a slight decline to 23,737,600 units in 2030. This trend indicates a maturing market that could be influenced by factors such as market saturation for two-wheelers, the potential for increased adoption of alternative personal and public transportation methods, and the ongoing shift toward electric and sustainable mobility solutions. Technological innovations, along with evolving consumer preferences and continued government support for green transportation, will play critical roles in shaping the future trajectory of the Chinese two-wheeler market.
China Two Wheeler Industry Segmentation
Hybrid and Electric Vehicles, ICE are covered as segments by Propulsion Type.
- In 2023, the overall sales for two-wheelers in China reached 19,800,500 units, indicating a consistent growth trend from the previous year's 19,131,600 units. This growth reflects the increasing demand for two-wheelers, encompassing both ICE and electric vehicles, amid urbanization and the growing need for personal mobility solutions. The forecast for 2024 projects an increase to 21,108,080 units, underscoring a sustained interest in two-wheelers as essential transport tools.
- Government policies have played a crucial role in shaping the two-wheeler market in China, with significant emphasis on reducing pollution and promoting EVs. These initiatives, coupled with advancements in EV technology and infrastructure, have not only fostered a favorable environment for electric two-wheelers but also stimulated the overall two-wheeler market growth. Additionally, the post-pandemic recovery has witnessed a resurgence in the demand for personal mobility solutions, further propelling market expansion.
- From the 2024 to 2030 period, the market is expected to witness gradual growth, with projections indicating a peak at 24,012,450 units in 2029 before a slight decline to 23,737,600 units in 2030. This trend indicates a maturing market that could be influenced by factors such as market saturation for two-wheelers, the potential for increased adoption of alternative personal and public transportation methods, and the ongoing shift toward electric and sustainable mobility solutions. Technological innovations, along with evolving consumer preferences and continued government support for green transportation, will play critical roles in shaping the future trajectory of the Chinese two-wheeler market.
| Propulsion Type | |
| Hybrid and Electric Vehicles | |
| ICE |
China Two Wheeler Market Size Summary
The China Two Wheeler Market is experiencing a steady growth trajectory, driven by increasing demand for both internal combustion engine (ICE) and electric vehicles. This demand is largely fueled by urbanization and the need for efficient personal mobility solutions. Government policies aimed at reducing pollution and promoting electric vehicles have significantly influenced the market landscape. These initiatives, alongside advancements in electric vehicle technology and infrastructure, have created a conducive environment for the growth of electric two-wheelers. The post-pandemic recovery has further boosted the demand for personal mobility, contributing to the market's expansion. As the market matures, factors such as market saturation and the shift towards sustainable mobility solutions are expected to shape its future dynamics.
The market is characterized by a fragmented landscape, with major players like Jiangmen Grand River Group Co. Ltd., Jiangsu Xinri E-Vehicle Co. Ltd., and others holding significant shares. The government's commitment to green transportation, including the ban on fossil fuel vehicles by 2035 and the reintroduction of subsidy programs, has encouraged consumers to adopt electric vehicles. These policies have spurred OEMs to increase their focus on electric vehicle development and production. The market is anticipated to witness gradual growth, with technological innovations and evolving consumer preferences playing crucial roles. The introduction of new electric models and the use of advanced battery technologies, such as sodium-ion batteries, are expected to drive the market forward during the forecast period.
China Two Wheeler Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
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1.1 Propulsion Type
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1.1.1 Hybrid and Electric Vehicles
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1.1.2 ICE
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China Two Wheeler Market Size FAQs
How big is the China Two Wheeler Market?
The China Two Wheeler Market size is expected to reach USD 349.35 billion in 2024 and grow at a CAGR of 1.56% to reach USD 383.36 billion by 2030.
What is the current China Two Wheeler Market size?
In 2024, the China Two Wheeler Market size is expected to reach USD 349.35 billion.
