Global Electric Two Wheeler Market Forecast
- The electric two wheeler market size estimated worth US$84.12 Bn in 2024 poised to reach US$159.74 Bn by 2031-end
- Global electric two wheeler market revenue likely to demonstrate a CAGR of 9.6% over 2024-2031
Electric Two Wheeler Market Insights
- The market for electric two wheeler will demonstrate remarkable expansion between 2024 and 2031.
- The electric scooter increases demand for electric two wheeler.
- Demand for hub motors remains higher in the electric two wheeler market.
- The 48V category held the highest electric two wheeler market revenue share in 2023.
- Asia Pacific will continue to lead, whereas the North American electric two wheeler market will experience the strongest growth until 2031.
A Look Back and a Look Forward - Comparative Analysis
The global electric two wheeler market witnessed significant growth prior to 2023, driven by several factors. As the cost of traditional fuel climbed, electric two wheelers became a more economical alternative. Many governments introduced subsidies and tax breaks to promote electric vehicle (EV) adoption, including electric two wheelers. Growing public concern about environmental pollution spurred consumer interest in eco-friendly options like electric vehicles. Looking ahead, the electric two wheeler market is expected to maintain its growth trajectory post-2024 due to technological advancements, charging infrastructure expansion, increased variety and affordability,
Developments in battery technology promise longer range, faster charging times, and lower battery costs, making electric two wheelers even more attractive to consumers. The expansion of charging stations will help alleviate range anxiety, a major concern for potential EV buyers who worry about running out of power. A wider range of electric two wheeler models at competitive price points will cater to diverse consumer needs and budgets. In essence, the electric two wheeler market is poised for continued growth thanks to a combination of economic factors, technological progress, and a growing emphasis on sustainability.
Key Growth Determinants
Technological Advancements in Batteries
One of the key drivers propelling the electric two wheeler market is the continuous improvement in battery technology. Battery range, charging times, and costs are all undergoing significant transformations. Advancements in lithium-ion battery technology are leading to a significant increase in the range that electric two wheelers can travel on a single charge. This addresses a major concern for potential buyers, often referred to as range anxiety.
Furthermore, charging times are steadily decreasing. New battery technologies enable faster charging, reducing the time it takes to replenish a battery. This makes electric two wheelers more convenient to use, especially for those who need a quick top-up during their daily commute.
Additionally, the cost of batteries is experiencing a downward trend. As production methods become more efficient and economies of scale come into play, battery prices are expected to continue to decline. This will significantly impact the overall price point of electric two wheelers, making them more accessible to a wider range of consumers. Advancements in battery technology are addressing key concerns and limitations associated with electric two wheelers, paving the way for broader adoption and market growth.
Expansion of Charging Infrastructure
The expansion of charging infrastructure is another crucial factor driving the growth of the electric two wheeler market. The availability of charging stations plays a vital role in alleviating range anxiety for potential buyers. As the number of charging stations increases, particularly in urban areas and along major travel corridors, electric two wheelers become a more viable option for longer distances and everyday commutes.
There are different types of charging infrastructure being developed. Public charging stations, similar to gas stations, are being established in convenient locations. Additionally, workplace charging solutions are being implemented to cater to employees who commute on electric two wheelers. Apartment buildings and residential complexes are also starting to incorporate charging facilities, making it easier for residents to charge their vehicles overnight.
Furthermore, innovative solutions like battery swapping stations are emerging. These stations allow users to quickly exchange a depleted battery for a fully charged one, eliminating the need for extended charging times. This concept provides a familiar experience for those accustomed to refueling gasoline vehicles and can significantly improve the convenience of using electric two wheelers. The ongoing expansion of charging infrastructure is addressing a major barrier to electric two wheeler adoption and fostering a more robust and user-friendly electric transportation ecosystem.
Increased Variety and Affordability
The electric two wheeler market is witnessing a surge in the variety and affordability of available models. Manufacturers are catering to diverse consumer needs and preferences by introducing a wider range of electric two wheelers. This includes options with different styles, features, and performance capabilities.
Furthermore, the cost of electric two wheelers is becoming more competitive. As battery technology advances and production scales up, the overall price point of these vehicles is expected to decline. Additionally, government subsidies and tax breaks offered in many countries are further contributing to the affordability of electric two wheelers. This makes them a more attractive option for budget-conscious consumers who are looking for a cost-effective and environmentally friendly mode of transportation.
The increasing variety and affordability of electric two wheelers are attracting a broader base of consumers and stimulating market growth. As the selection expands and prices become more accessible, electric two wheelers are poised to become a mainstream transportation choice for many riders.
Key Growth Barriers
High Upfront Cost of Electric Two wheelers
Despite the progress in battery technology, a major hurdle to wider adoption of electric two wheelers remains their upfront cost. While the price gap between electric and traditional gasoline-powered two wheelers is narrowing, electric options still tend to be more expensive. This can be a significant barrier for budget-conscious consumers, particularly in developing countries where affordability is a primary concern.
The higher cost of electric two wheelers is primarily driven by the lithium-ion batteries they utilize. These batteries are complex and contain expensive materials like cobalt and lithium. While production methods are improving, the cost of battery production remains a significant factor in the overall price of the vehicle. Additionally, the electric motor and other components specific to electric two wheelers can contribute to the higher upfront cost compared to traditional counterparts.
Government subsidies and tax breaks can help bridge this price gap and incentivize consumer adoption. However, these programs may not be universally available or sufficient to make electric two wheelers accessible to all income brackets. As battery technology continues to advance and economies of scale come into play, the cost of electric two wheelers is expected to decrease over time. However, for the present, the high upfront cost remains a significant restraint on market growth.
Limited Charging Infrastructure
Although the charging infrastructure for electric two wheelers is expanding, its current limitations still pose a challenge for widespread adoption. The lack of a sufficiently dense network of charging stations, particularly outside major urban areas, can create what is known as range anxiety for potential buyers. This refers to the concern of running out of power before reaching a charging station.
The uneven distribution of charging infrastructure can be a significant deterrent for those who rely on electric two wheelers for longer commutes or travel beyond urban centers. Additionally, the charging times for electric vehicles, while improving, can still be longer than refueling a gasoline-powered vehicle. This can be inconvenient for users who need a quick top-up during their day.
Furthermore, the lack of standardization in charging connectors can create confusion and inconvenience for users. Different manufacturers may utilize different charging plug types, requiring users to have access to specific stations or adapters. The ongoing development of charging infrastructure, including public stations, workplace charging solutions, and battery swapping stations, is crucial to overcoming this restraint. Additionally, promoting standardization in charging connectors will improve user experience and encourage wider adoption of electric two wheelers.
Electric Two Wheeler Market Trends and Opportunities
Connected Electric Two wheelers
A growing trend in the electric two wheeler market is the integration of connected technologies. These vehicles are increasingly being equipped with features like GPS navigation, remote diagnostics, and over-the-air software updates. This connectivity offers several benefits for both riders and manufacturers.
For riders, connected features can enhance safety and convenience. Imagine receiving real-time traffic updates and navigation assistance on your scooter's display. Additionally, remote diagnostics can alert riders to potential maintenance issues before they become major problems. Furthermore, over-the-air software updates allow manufacturers to improve vehicle performance and functionality without requiring riders to visit service centers.
Manufacturers benefit from connected technologies by gaining valuable data on how their vehicles are being used. This data can be used to improve future models, optimize performance, and develop new features that cater to rider needs. Additionally, connectivity allows manufacturers to offer subscription-based services, such as real-time battery health monitoring or remote security features, creating new revenue streams.
The trend towards connected electric two wheelers is expected to continue as technology advances and data becomes increasingly valuable. This integration will not only enhance the rider experience but also provide manufacturers with valuable insights to drive further innovation in the electric two wheeler market.
Electric Two wheelers for Shared Mobility
The rise of shared mobility services, such as e-scooter and e-bike rentals, presents a significant opportunity for the electric two wheeler market. These services offer a convenient and affordable way for people to travel within cities, particularly for short distances. The shared mobility model is well-suited for electric two wheelers due to their environmental benefits, lower operating costs compared to gasoline-powered vehicles, and maneuverability in urban environments. Imagine a network of electric scooters readily available for rent throughout your city, perfect for quick errands or exploring new areas.
For electric two wheeler manufacturers, partnering with shared mobility companies can create a significant and reliable source of demand. Additionally, the data collected from shared vehicles can be used to improve future models and better understand rider behavior. This collaboration can accelerate the adoption of electric two wheelers and contribute to a more sustainable urban transportation landscape. The shared mobility market is anticipated to experience significant growth in the coming years. By capitalizing on this opportunity, electric two wheeler manufacturers can expand their reach, promote sustainable transportation, and contribute to the development of smarter and more efficient cities.
How is Regulatory Scenario Shaping this Industry?
Regulations are also being implemented to ensure responsible battery management throughout their lifecycle. These include standards for battery safety, recycling, and disposal. This promotes the sustainable development of the industry and protects the environment from potential hazards associated with improper battery handling.
Governments are further influencing the market through subsidies and tax breaks for electric two wheeler purchases. This financial support makes these vehicles more affordable for consumers, potentially accelerating adoption rates and bringing electric two wheelers closer to the mainstream. Streamlined homologation processes, which certify the safety and roadworthiness of vehicles, are another way regulations are impacting the industry. By simplifying the process for new electric two wheeler models to enter the market, regulations can encourage innovation and broaden the range of choices available to consumers.
Regulations can play a role in promoting the development of standardized battery swapping infrastructure. This system allows users to quickly exchange depleted batteries for charged ones, similar to refueling at a gas station. By encouraging the creation of this infrastructure, regulations can address the issue of range anxiety, a concern for potential electric vehicle buyers who worry about running out of power.
The electric two wheeler market is poised for continued growth, fueled by a combination of economic factors, technological advancements, and a growing emphasis on sustainability. However, the regulatory landscape is emerging as a significant force shaping this industry. By setting clear standards, offering incentives, and promoting responsible practices, regulations are driving innovation, consumer adoption, and the sustainable development of this exciting market.
Market Segmentation
E-Scooters Surge Ahead in Sales by Vehicle Type
E-scooters are the most dominant segment in the electric two wheeler market, accounting for a significant share of sales globally. Their popularity stems from several factors. With higher affordability quotient, ease of use, and range suitable for urban commutes, E-scooters will continue to be the leading category, with more than 60% market share. The segment has been projected to display a CAGR of 7.1% between the years of forecast.
E-scooters are generally less expensive than electric motorcycles, making them accessible to a wider range of consumers. E-bicycles are lightweight, easy to maneuver, and offer a comfortable riding experience, particularly for short commutes in urban areas. E-scooters are well-suited for covering shorter distances within cities, and their range typically caters to these everyday needs.
48V Battery Voltage Most Preferred
The 48V battery segment is currently the dominant player in the electric two wheeler market. This voltage range offers a good balance between performance, affordability, and range. It provides enough power for e-scooters to reach speeds comparable to their traditional gasoline counterparts, while keeping the battery costs manageable.
Advancements in battery technology are expected to challenge the dominance of 48V batteries in the future. Higher voltage batteries, like those in the 61V-72V range, are becoming increasingly popular for electric motorcycles as they enable greater power output and higher top speeds.
Regional Analysis
Dominance of Asia Pacific will Prevail Through 2031
The Asia Pacific region reigns supreme as the dominant market for electric two wheelers. This dominance can be attributed to several key factors, including large population and growing economies, government support and incentives, an established manufacturing base, and growing environmental concerns. The Asia Pacific region boasts a massive population with a significant portion residing in densely populated urban areas. This creates a high demand for affordable and efficient transportation solutions, perfectly suited for electric two wheelers.
Additionally, the economic growth experienced by many countries in the region increases disposable income, making electric two wheelers a more attainable option for consumers. Many governments in the Asia Pacific region have implemented policies and incentives to promote the adoption of electric vehicles, including electric two wheelers. These initiatives can take the form of subsidies for electric vehicle purchases, tax breaks for manufacturers, and investments in charging infrastructure. This government support plays a crucial role in accelerating the growth of the electric two wheeler market.
The Asia Pacific region is home to a well-established two wheeler manufacturing industry. This existing infrastructure provides a strong foundation for the production of electric two wheelers. Major manufacturers in the region are actively investing in research and development to produce innovative and competitive electric two wheeler models. Air pollution is a major concern in many Asian cities.
Electric two wheelers offer a clean and sustainable alternative to traditional gasoline-powered vehicles, contributing to improved air quality and environmental protection. This growing environmental consciousness is driving consumer interest in electric two wheelers. The dominance of the Asia Pacific region in the electric two wheeler market is expected to continue in the foreseeable future, fueled by these factors and the ongoing advancements in battery technology and charging infrastructure. China especially stands out with a share of over 80% in terms of volume, projected to exhibit a CAGR of 6.4% by the end of 2031.
Fairfield's Competitive Landscape Analysis
The electric two wheeler market is becoming increasingly competitive, with established two wheeler manufacturers like Hero MotoCorp, and Yamaha developing electric models alongside new EV start-ups like Ather Energy, and Okinawa Autotech.
Chinese manufacturers dominate the market share but competition is heating up globally as companies race to offer innovative features, extended range, and competitive pricing.
Key Market Companies
- Ola Electric Mobility Pvt Ltd.
- Okinawa Autotech
- Ather Energy Pvt. Ltd.
- AIMA Technology Co., Ltd.
- Silence Urban Ecomobility
- Yadea Group Holdings Ltd.
- Pure Electric
- Hero Electric Pvt. Ltd.
- Niu Technologies
- Segway, Inc. (A Ninebot, Inc. company)
- Piaggio & C. SpA
- BMW North America, LLC
Recent Industry Developments
Jul 2024
The Indian electric vehicle company Yulu disclosed their plans to expand their business both domestically and internationally. Yulu plans to introduce a new product in partnership with Bajaj Auto. Additionally, they aim to increase their presence in the Indian e-commerce market with a new high-speed two-wheeler. Yulu is aiming to make a profit within the next fiscal year.
Jul 2024
Zapp Electric Vehicles, a UK-based company, is expanding globally with India as a key market. It will launch its electric two-wheeler, the i300, in the UK and Thailand, followed by India in 2025. The company aims to produce 5,000 units annually in India, targeting the high-speed two-wheeler segment. Zapp sees India's massive market potential and plans to replicate the success of Royal Enfield's cruiser motorcycles with its step-through model.
Jul 2024
A partnership between Jio Things, and MediaTek on the development of a smart digital cluster for two-wheelers. It discusses the technologies used in the cluster and the benefits to both OEMs, and consumers. It also mentions that this is a “Made in India” product. Some of the key points are that the digital cluster is based on an Android operating system, and offers voice recognition and integration with other smart devices.
Segments Covered in the Report
By Vehicle Type
- Electric Motorcycle
- Electric Scooter
- Electric Kick Scooter
- Others
By Motor Placement
- Hub Motor
- Frame-mounted Motor
By Motor Power
- 48V
- 60V
- 72V
- Others
By Battery Type
- Lithium-ion
- Lead-acid
- Lithium iron phosphate
- Others
By Geographic Coverage
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- India
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
1. Executive Summary
1.1. Global Electric Two Wheeler Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value (US$ Bn) and Volume (Units), 2022
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Global Electric Two Wheeler Market Outlook, 2018 - 2030
3.1. Global Electric Two Wheeler Market Outlook, by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
3.1.1. Key Highlights
3.1.1.1. Electric Motorcycle
3.1.1.2. Electric Scooter
3.1.1.3. Electric Kick Scooter
3.1.1.4. Others
3.2. Global Electric Two Wheeler Market Outlook, by Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
3.2.1. Key Highlights
3.2.1.1. Hub Motor
3.2.1.2. Frame-mounted Motor
3.3. Global Electric Two Wheeler Market Outlook, by Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
3.3.1. Key Highlights
3.3.1.1. 48V
3.3.1.2. 60V
3.3.1.3. 72V
3.3.1.4. Others
3.4. Global Electric Two Wheeler Market Outlook, by Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
3.4.1. Key Highlights
3.4.1.1. Lithium-ion
3.4.1.2. Lead-acid
3.4.1.3. Lithium iron phosphate
3.4.1.4. Others
3.5. Global Electric Two Wheeler Market Outlook, by Region, Value (US$ Bn) and Volume (Units), 2018 - 2030
3.5.1. Key Highlights
3.5.1.1. North America
3.5.1.2. Europe
3.5.1.3. Asia Pacific
3.5.1.4. Latin America
3.5.1.5. Middle East & Africa
4. North America Electric Two Wheeler Market Outlook, 2018 - 2030
4.1. North America Electric Two Wheeler Market Outlook, by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
4.1.1. Key Highlights
4.1.1.1. Electric Motorcycle
4.1.1.2. Electric Scooter
4.1.1.3. Electric Kick Scooter
4.1.1.4. Others
4.2. North America Electric Two Wheeler Market Outlook, by Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
4.2.1. Key Highlights
4.2.1.1. Hub Motor
4.2.1.2. Frame-mounted Motor
4.3. North America Electric Two Wheeler Market Outlook, by Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
4.3.1. Key Highlights
4.3.1.1. 48V
4.3.1.2. 60V
4.3.1.3. 72V
4.3.1.4. Others
4.4. North America Electric Two Wheeler Market Outlook, by Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
4.4.1. Key Highlights
4.4.1.1. Lithium-ion
4.4.1.2. Lead-acid
4.4.1.3. Lithium iron phosphate
4.4.1.4. Others
4.4.2. Market Attractiveness Analysis
4.5. North America Electric Two Wheeler Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2018 - 2030
4.5.1. Key Highlights
4.5.1.1. U.S. Electric Two Wheeler Market by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
4.5.1.2. U.S. Electric Two Wheeler Market Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
4.5.1.3. U.S. Electric Two Wheeler Market Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
4.5.1.4. U.S. Electric Two Wheeler Market Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
4.5.1.5. Canada Electric Two Wheeler Market by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
4.5.1.6. Canada Electric Two Wheeler Market Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
4.5.1.7. Canada Electric Two Wheeler Market Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
4.5.1.8. Canada Electric Two Wheeler Market Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
4.5.2. BPS Analysis/Market Attractiveness Analysis
5. Europe Electric Two Wheeler Market Outlook, 2018 - 2030
5.1. Europe Electric Two Wheeler Market Outlook, by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
5.1.1. Key Highlights
5.1.1.1. Electric Motorcycle
5.1.1.2. Electric Scooter
5.1.1.3. Electric Kick Scooter
5.1.1.4. Others
5.2. Europe Electric Two Wheeler Market Outlook, by Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
5.2.1. Key Highlights
5.2.1.1. Hub Motor
5.2.1.2. Frame-mounted Motor
5.3. Europe Electric Two Wheeler Market Outlook, by Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
5.3.1. Key Highlights
5.3.1.1. 48V
5.3.1.2. 60V
5.3.1.3. 72V
5.3.1.4. Others
5.4. Europe Electric Two Wheeler Market Outlook, by Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
5.4.1. Key Highlights
5.4.1.1. Lithium-ion
5.4.1.2. Lead-acid
5.4.1.3. Lithium iron phosphate
5.4.1.4. Others
5.4.2. BPS Analysis/Market Attractiveness Analysis
5.5. Europe Electric Two Wheeler Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2018 - 2030
5.5.1. Key Highlights
5.5.1.1. Germany Electric Two Wheeler Market by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
5.5.1.2. Germany Electric Two Wheeler Market Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
5.5.1.3. Germany Electric Two Wheeler Market Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
5.5.1.4. Germany Electric Two Wheeler Market Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
5.5.1.5. U.K. Electric Two Wheeler Market by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
5.5.1.6. U.K. Electric Two Wheeler Market Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
5.5.1.7. U.K. Electric Two Wheeler Market Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
5.5.1.8. U.K. Electric Two Wheeler Market Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
5.5.1.9. France Electric Two Wheeler Market by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
5.5.1.10. France Electric Two Wheeler Market Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
5.5.1.11. France Electric Two Wheeler Market Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
5.5.1.12. France Electric Two Wheeler Market Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
5.5.1.13. Italy Electric Two Wheeler Market by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
5.5.1.14. Italy Electric Two Wheeler Market Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
5.5.1.15. Italy Electric Two Wheeler Market Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
5.5.1.16. Italy Electric Two Wheeler Market Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
5.5.1.17. Spain Electric Two Wheeler Market by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
5.5.1.18. Spain Electric Two Wheeler Market Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
5.5.1.19. Spain Electric Two Wheeler Market Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
5.5.1.20. Spain Electric Two Wheeler Market Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
5.5.1.21. Russia Electric Two Wheeler Market by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
5.5.1.22. Russia Electric Two Wheeler Market Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
5.5.1.23. Russia Electric Two Wheeler Market Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
5.5.1.24. Russia Electric Two Wheeler Market Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
5.5.1.25. Rest of Europe Electric Two Wheeler Market by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
5.5.1.26. Rest of Europe Electric Two Wheeler Market Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
5.5.1.27. Rest of Europe Electric Two Wheeler Market Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
5.5.1.28. Rest of Europe Electric Two Wheeler Market Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
5.5.2. BPS Analysis/Market Attractiveness Analysis
6. Asia Pacific Electric Two Wheeler Market Outlook, 2018 - 2030
6.1. Asia Pacific Electric Two Wheeler Market Outlook, by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
6.1.1. Key Highlights
6.1.1.1. Electric Motorcycle
6.1.1.2. Electric Scooter
6.1.1.3. Electric Kick Scooter
6.1.1.4. Others
6.2. Asia Pacific Electric Two Wheeler Market Outlook, by Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
6.2.1. Key Highlights
6.2.1.1. Hub Motor
6.2.1.2. Frame-mounted Motor
6.3. Asia Pacific Electric Two Wheeler Market Outlook, by Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
6.3.1. Key Highlights
6.3.1.1. 48V
6.3.1.2. 60V
6.3.1.3. 72V
6.3.1.4. Others
6.4. Asia Pacific Electric Two Wheeler Market Outlook, by Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
6.4.1. Key Highlights
6.4.1.1. Lithium-ion
6.4.1.2. Lead-acid
6.4.1.3. Lithium iron phosphate
6.4.1.4. Others
6.4.2. BPS Analysis/Market Attractiveness Analysis
6.5. Asia Pacific Electric Two Wheeler Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2018 - 2030
6.5.1. Key Highlights
6.5.1.1. China Electric Two Wheeler Market by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
6.5.1.2. China Electric Two Wheeler Market Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
6.5.1.3. China Electric Two Wheeler Market Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
6.5.1.4. China Electric Two Wheeler Market Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
6.5.1.5. Japan Electric Two Wheeler Market by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
6.5.1.6. Japan Electric Two Wheeler Market by Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
6.5.1.7. Japan Electric Two Wheeler Market by Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
6.5.1.8. Japan Electric Two Wheeler Market Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
6.5.1.9. South Korea Electric Two Wheeler Market by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
6.5.1.10. South Korea Electric Two Wheeler Market by Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
6.5.1.11. South Korea Electric Two Wheeler Market by Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
6.5.1.12. South Korea Electric Two Wheeler Market Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
6.5.1.13. India Electric Two Wheeler Market by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
6.5.1.14. India Electric Two Wheeler Market by Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
6.5.1.15. India Electric Two Wheeler Market by Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
6.5.1.16. India Electric Two Wheeler Market Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
6.5.1.17. Southeast Asia Electric Two Wheeler Market by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
6.5.1.18. Southeast Asia Electric Two Wheeler Market by Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
6.5.1.19. Southeast Asia Electric Two Wheeler Market by Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
6.5.1.20. Southeast Asia Electric Two Wheeler Market Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
6.5.1.21. Rest of Asia Pacific Electric Two Wheeler Market by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
6.5.1.22. Rest of Asia Pacific Electric Two Wheeler Market by Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
6.5.1.23. Rest of Asia Pacific Electric Two Wheeler Market by Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
6.5.1.24. Rest of Asia Pacific Electric Two Wheeler Market Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
6.5.2. BPS Analysis/Market Attractiveness Analysis
7. Latin America Electric Two Wheeler Market Outlook, 2018 - 2030
7.1. Latin America Electric Two Wheeler Market Outlook, by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
7.1.1. Key Highlights
7.1.1.1. Electric Motorcycle
7.1.1.2. Electric Scooter
7.1.1.3. Electric Kick Scooter
7.1.1.4. Others
7.2. Latin America Electric Two Wheeler Market Outlook, by Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
7.2.1. Key Highlights
7.2.1.1. Hub Motor
7.2.1.2. Frame-mounted Motor
7.3. Latin America Electric Two Wheeler Market Outlook, by Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
7.3.1. Key Highlights
7.3.1.1. 48V
7.3.1.2. 60V
7.3.1.3. 72V
7.3.1.4. Others
7.4. Latin America Electric Two Wheeler Market Outlook, by Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
7.4.1. Key Highlights
7.4.1.1. Lithium-ion
7.4.1.2. Lead-acid
7.4.1.3. Lithium iron phosphate
7.4.1.4. Others
7.4.2. BPS Analysis/Market Attractiveness Analysis
7.5. Latin America Electric Two Wheeler Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2018 - 2030
7.5.1. Key Highlights
7.5.1.1. Brazil Electric Two Wheeler Market by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
7.5.1.2. Brazil Electric Two Wheeler Market by Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
7.5.1.3. Brazil Electric Two Wheeler Market by Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
7.5.1.4. Brazil Electric Two Wheeler Market Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
7.5.1.5. Mexico Electric Two Wheeler Market by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
7.5.1.6. Mexico Electric Two Wheeler Market by Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
7.5.1.7. Mexico Electric Two Wheeler Market by Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
7.5.1.8. Mexico Electric Two Wheeler Market Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
7.5.1.9. Rest of Latin America Electric Two Wheeler Market by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
7.5.1.10. Rest of Latin America Electric Two Wheeler Market by Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
7.5.1.11. Rest of Latin America Electric Two Wheeler Market by Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
7.5.1.12. Rest of Latin America Electric Two Wheeler Market Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
7.5.2. BPS Analysis/Market Attractiveness Analysis
8. Middle East & Africa Electric Two Wheeler Market Outlook, 2018 - 2030
8.1. Middle East & Africa Electric Two Wheeler Market Outlook, by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
8.1.1. Key Highlights
8.1.1.1. Electric Motorcycle
8.1.1.2. Electric Scooter
8.1.1.3. Electric Kick Scooter
8.1.1.4. Others
8.2. Middle East & Africa Electric Two Wheeler Market Outlook, by Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
8.2.1. Key Highlights
8.2.1.1. Hub Motor
8.2.1.2. Frame-mounted Motor
8.3. Middle East & Africa Electric Two Wheeler Market Outlook, by Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
8.3.1. Key Highlights
8.3.1.1. 48V
8.3.1.2. 60V
8.3.1.3. 72V
8.3.1.4. Others
8.4. Middle East & Africa Electric Two Wheeler Market Outlook, by Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
8.4.1. Key Highlights
8.4.1.1. Lithium-ion
8.4.1.2. Lead-acid
8.4.1.3. Lithium iron phosphate
8.4.1.4. Others
8.4.2. BPS Analysis/Market Attractiveness Analysis
8.5. Middle East & Africa Electric Two Wheeler Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2018 - 2030
8.5.1. Key Highlights
8.5.1.1. GCC Electric Two Wheeler Market by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
8.5.1.2. GCC Electric Two Wheeler Market by Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
8.5.1.3. GCC Electric Two Wheeler Market by Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
8.5.1.4. GCC Electric Two Wheeler Market Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
8.5.1.5. South Africa Electric Two Wheeler Market by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
8.5.1.6. South Africa Electric Two Wheeler Market by Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
8.5.1.7. South Africa Electric Two Wheeler Market by Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
8.5.1.8. South Africa Electric Two Wheeler Market Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
8.5.1.9. Rest of Middle East & Africa Electric Two Wheeler Market by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
8.5.1.10. Rest of Middle East & Africa Electric Two Wheeler Market by Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
8.5.1.11. Rest of Middle East & Africa Electric Two Wheeler Market by Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
8.5.1.12. Rest of Middle East & Africa Electric Two Wheeler Market Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
8.5.2. BPS Analysis/Market Attractiveness Analysis
9. Competitive Landscape
9.1. Product vs Motor Power Outlook Heatmap
9.2. Manufacturer vs Motor Power Outlook Heatmap
9.3. Company Market Share Analysis, 2022
9.4. Company Profiles
9.4.1. Ola Electric Mobility Pvt Ltd.
9.4.1.1. Company Overview
9.4.1.2. Product Portfolio
9.4.1.3. Financial Overview
9.4.1.4. Business Strategies and Development
9.4.2. Yadea Group Holdings Ltd.
9.4.2.1. Company Overview
9.4.2.2. Product Portfolio
9.4.2.3. Financial Overview
9.4.2.4. Business Strategies and Development
9.4.3. Okinawa Autotech
9.4.3.1. Company Overview
9.4.3.2. Product Portfolio
9.4.3.3. Financial Overview
9.4.3.4. Business Strategies and Development
9.4.4. Silence Urban Ecomobility
9.4.4.1. Company Overview
9.4.4.2. Product Portfolio
9.4.4.3. Financial Overview
9.4.4.4. Business Strategies and Development
9.4.5. Pure Electric
9.4.5.1. Company Overview
9.4.5.2. Product Portfolio
9.4.5.3. Financial Overview
9.4.5.4. Business Strategies and Development
9.4.6. Segway Inc.
9.4.6.1. Company Overview
9.4.6.2. Product Portfolio
9.4.6.3. Financial Overview
9.4.6.4. Business Strategies and Development
9.4.7. Hero Electric Pvt. Ltd.
9.4.7.1. Company Overview
9.4.7.2. Product Portfolio
9.4.7.3. Financial Overview
9.4.7.4. Business Strategies and Development
9.4.8. Niu Technologies
9.4.8.1. Company Overview
9.4.8.2. Product Portfolio
9.4.8.3. Financial Overview
9.4.8.4. Business Strategies and Development
9.4.9. Ather Energy Pvt. Ltd.
9.4.9.1. Company Overview
9.4.9.2. Product Portfolio
9.4.9.3. Financial Overview
9.4.9.4. Business Strategies and Development
9.4.10. AIMA Technology Co., Ltd.
9.4.10.1. Company Overview
9.4.10.2. Product Portfolio
9.4.10.3. Financial Overview
9.4.10.4. Business Strategies and Development
9.4.11. Piaggio & C. SpA
9.4.11.1. Company Overview
9.4.11.2. Product Portfolio
9.4.11.3. Financial Overview
9.4.11.4. Business Strategies and Development
9.4.12. BMW North America, LLC
9.4.12.1. Company Overview
9.4.12.2. Product Portfolio
9.4.12.3. Financial Overview
9.4.12.4. Business Strategies and Development
10. Appendix
10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations
|
BASE YEAR |
HISTORICAL DATA |
FORECAST PERIOD |
UNITS |
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 |
2023 |
 |
2019 - 2023 |
 |
2024 - 2031 |
Volume: Billion Tons |
|
REPORT FEATURES |
DETAILS |
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Vehicle Type Coverage |
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Motor Placement Coverage |
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Motor Power Coverage |
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Battery Type Coverage |
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Geographical Coverage |
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Leading Companies |
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Report Highlights |
Key Market Indicators, Macro-micro economic impact analysis, Technological Roadmap, Key Trends, Driver, Restraints, and Future Opportunities & Revenue Pockets, Porter’s 5 Forces Analysis, Historical Trend (2019-2021), Price Trend Analysis, Market Estimates and Forecast, Market Dynamics, Industry Trends, Competition Landscape, Category, Region, Country-wise Trends & Analysis, COVID-19 Impact Analysis (Demand and Supply Chain) |
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