Industry News

Affected by Covid-19 spread, China has once again surpassed India to become the world’s largest motorcycle market

Motorcycle battery Market

In 2020, China’s motorcycle market became the world’s largest again, even in the fourth quarter, this positive trend still exists, following a 12.0% increase in October, the domestic market surged 5.4% in November, with sales of 1.6 million, in the first 11 months of 2020, sales rose 0.4% to 15.7 million. The company sold more than 17 million cars a year, a slight decline from 2019. The motorcycle market fast development, also promote the fast development of motorcycle lithium battery.

The most welcomed motorcycle lithium battery is 72V 30Ah battery pack, 72V 45Ah battery pack and 72V 60Ah battery pack, which is highly welcomed by the motorcycle manufacturers, most China lithium battery manufacturers can customize the battery pack depend on the motorcycle design and driving range.

Motorcycle battery Market

The epidemic situation has changed the world, accelerated the economic transformation of the motorcycle and motorcycle battery industry, and changed the development trend of the global motorcycle industry. China’s motorcycle market lost its position as the world’s No. 1 in 2016 after the introduction of stricter emissions and use rules for motorcycles, with sales falling by millions, while India led the way with rapid growth.

After a 20% loss in the first quarter, largely due to Covid-19, the market started to recover, with sales up 3% in the second quarter and 7.6% in the third. Even in the fourth quarter, the positive trend persisted, with sales surging 5.4% to 1.6 million in November, after a 12% percent increase in October, and reaching 15.7 million in the first 11 months of the year, an overall 0.4% increase. In 2019, the total number of mopeds, motorcycles, scooters and tricycles in India was 19 million, down nearly 14% from a record high of 2018. India’s motorcycle market took a hit in 2020, with total sales falling to 14.8 million units (a drop of-23.3%) .

But sales recovered strongly in the fourth quarter, with a 32% increase in December, mainly as the resilience of rural areas increased the market share of Indian manufacturers. The range of data covered includes electric vehicles, mopeds and scooters. The figures also include commercial tricycles, which are very popular in India.