Motorcycles in China
SummaryMotorcycles in China industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Motorcycles market includes all on- and off-road motorcycles including scooters and mopeds. Mopeds are two-wheeled vehicles with an engine capacity of less than 50cc. They are generally equipped for both motorized and non-motorized propulsion and have a restricted maximum speed. Any powered two-wheeler that is not a moped is classified as a motorcycle (The term 'scooter' refers to a two-wheeler of any capacity that has its engine as part of the rear suspension and/or has a step-through chassis. Depending on its engine capacity, a scooter may be classified as either a moped or a motorcycle).
- The Chinese motorcycles market recorded revenues of $15,342.0 million in 2024, representing a compound annual growth rate (CAGR) of 17.6% between 2019 and 2024.
- Market consumption volume increased with a CAGR of 3.3% between 2019 and 2024, reaching a total of 20,471.7 thousand units in 2024.
- The growth of the Chinese motorcycles market volume in 2024 was primarily driven by the increase in disposable income. Rising wages boosted motorcycle purchasing, resulting in increased vehicle registrations and a shift from public transport to personal mobility among a broader population. According to the National Bureau of Statistics (NBS) of China, in 2024, the per capita disposable income in China reached CNY41,314 ($5,740.2), marking a 5.3% increase over 2023.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the motorcycles market in China
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the motorcycles market in China
- Leading company profiles reveal details of key motorcycles market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the China motorcycles market with five year forecasts
Reasons To Buy
- What was the size of the China motorcycles market by value in 2024?
- What will be the size of the China motorcycles market in 2029?
- What factors are affecting the strength of competition in the China motorcycles market?
- How has the market performed over the last five years?
- Who are the top competitors in China's motorcycles market?
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