Market Overview
This research report provides a concise overview of the Electric Two Wheeler Market, covering essential elements such as market size, share, growth, report, analysis, trends, industry report, and forecast report. It offers valuable insights into the current global market landscape, highlighting key developments and emerging opportunities. Backed by data and expert evaluation, the report helps businesses, investors, and decision-makers understand evolving market dynamics. With segment-wise coverage and forward-looking analysis, this market research serves as a practical tool for navigating the future of the Electric Two Wheeler Market.
Electric Two Wheeler Market Statistic and Research Methodology
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.
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Market Key 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.
Key Player: –
- 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
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Segmentation Analysis-
By VehicleType
- Scooter/Moped
- Motorcycle
Among them, Electric Scooters/Mopeds dominated the Electric Two Wheeler market owing to the cost-competitiveness of e-scooter & mopeds compared to motorcycles & ease of maintenance.
By Application
- Personal Use
- Commercial Use
Commercial Use application gained significant traction in the past and is expected to continue to grow considerably in the coming years.
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
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Geography-
- North America
- Latin America
- Europe
- The Middle East & Africa
- Asia Pacific
- South East Asia
Southeast Asia region observed considerable growth in the historical years due to the increasing incentives of the government of Southeast Asian countries to provide subsidies & flexible grants for the purchase of electric two-wheelers.
Frequently Asked Questions (FAQ)
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