A Quick Overview of Electric Two Wheeler Market
The key object of this report on the Electric Two Wheeler Market is to offer worthy data and a geographical perspective for predictions of market growth in the future. The recommendations added in this detailed report are insightful, and actionable offering a deep understanding of the industry. Moreover, it includes a comprehensive importance of aspects that have impacted the industry.
MarkNtel Advisors has recently studied an extensive market intelligence evaluation on the Electric Two Wheeler Market. Also, the newly released report exhibits an engaging format that comprises compelling graphs, tables, charts, and figures as well. These seamlessly combined visual aids are designed to support the clarity and accuracy of the details presented, offering analysts a deep knowledge of the topic at hand.
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Electric Two Wheeler Market Scenario:
The Global Electric Two Wheeler market is projected to grow at a CAGR of around 25.57% during the forecast period, i.e., 2023-28. The market growth imputes to the rising concern among the governments of countries across Southeast Asia, North America, Europe, the Middle East, and South America to lower the CO2 emission from the automotive industry & lead towards a sustainable future. Additionally, the ease of access to subsidies launched by the government of various countries such as Scotland, Germany, India, and Indonesia, among others, widely catered to the demand for these vehicles across the globe. For instance.
Electric Two Wheeler Market - Industry Dynamics, Size, And Opportunity Forecast To 2028:
Market Driver - Expansion of E-scooter & E-motorcycle Rentals to Serve Tourists Drives the Market
Tourism is one of the major factors boosting the sales globally, as rental electric two-wheelers are the most preferred choice for tourists to visit the city hassle free on their own. Globally, the demand for these vehicles is being driven by urbanization, digitalization, micro-mobility, traffic congestion, and the cost of owning & maintaining bikes.
The tourist cities like Bali, Kuala Lumpur, Madrid, Delhi, etc., across the world, are facing traffic congestion & pollution caused by rapid urbanization that puts a lot of pressure on the public transport system. Therefore, the consumer prefers the rental electric two-wheeler as it offers hassle-free movement at a competent cost than renting a four-wheeler for the same purpose. As a result of the growing demand, various start-ups, such as Revel, City Scoot, Cooltra, VOGO, etc., that provide QR-based dockless services are increasingly expanding worldwide to gain significant revenues.
Thus, the expansion of e-scooter & motorcycle renting companies are notably driving the sales and is anticipated to continue to support the revenue expansion of the market in the upcoming years as well.
Electric Two Wheeler Market Segmentation Analysis:
Electric Two Wheeler Industry, analyzes, identifies, and highlights the main trends and drivers which are affecting each segment of the market. The market has been further divided into the following categories:
By VehicleType
- Scooter/Moped
- Motorcycle
By Application
- Personal Use
- Commercial Use
By Drive Type
- Off road
- Urban
By Travel Range
- Up to 100 Km
- 101 to 150 Km
- More than 150
By Battery Type
- Lead Acid
- Lithium Ion
By Battery Capacity
- < 2 kWh
- 2-2.5 kWh
- > 2.5 kWh
By Tire Size
- 50 x 17
- 90/90-12
- 5 x 17
- 120/70 ZR17
- 100/70-17
- 90/90-14
- 00-10
- 110/70-12
- 90/90-10
- 110/80-14
- 50-10
- 120/70-12
- Others
By Region
- North America
- Latin America
- Europe
- The Middle East & Africa
- Asia Pacific
- South East Asia.
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Who are the Key Market Players in the Electric Two Wheeler Market?
In the fast-changing Electric Two Wheeler Market, understanding what our competitors are doing is crucial. By carefully analyzing things, we figured out some of the dominating players in the industry. So, the top companies of the Electric Two Wheeler market ruling the industry are:
List of Key Companies Profiled:
- Hero Electric Vehicles Private Limited
- Okinawa Autotech International Private Limited
- Energica Motor Company S.P.A.
- AIMA Technology Group Co. Ltd.
- Yadea Technology Group Co., Ltd
- Terra Motors Corporation
- Zero Motorcycles Inc.
- Honda Motor Co., Ltd.
- Dongguan Tailing Electric Vehicle Co., Ltd.
- Silence Urban Ecomobility
- emcoelectroroller GmbH
- Vmoto Limited
- Jiangsu Xinri E-Vehicle Co.,Ltd
- GOVECS AG
- Others.
Global Electric Two Wheeler Recent Development:
- 2023: An electric two-wheeler manufacturer, Yadea Technology Group Co., Ltd., launched a high-speed electric motorcycle in the US as part of the company's strategic layout for the US market. The company plans to open flagship stores in San Francisco & Los Angeles and over 100 Integrated brand dealer stores in the first half of 2023.
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