Global Electric Two-Wheeler Market Research Report - Forecast till 2025
The Electric Two-Wheeler market is set to witness the unbelievable growth globally during the study period. Two-wheelers market is growing at a fast pace and as they are faster and best for short-distance travel but increasing the use of two-wheelers causes pollution issues that’s why electric two-wheelers came into the picture. The electric two-wheelers are rechargeable bikes giving the experience of smooth driving.
There are many advantages of electric two-wheelers over regular bikes; it helps to save costs related to fuel, spark plug change, and oil filter replacements coupled with their minimalistic design characteristics, which reduces their maintenance costs. Additionally, these vehicles provide noiseless operation, Comfort and safety are high, lightweight, have big storage and it is the cheapest way to travel these are some market driving factors of the Electric two-wheelers.
The value estimation of the global electric two-wheeler market by MRFR is 13.39% CAGR during the study period. The Asia- Pacific region is evaluated to lead the electric two-wheeler market because of the rising demand for electric two-wheelers in major emerging economies. The developing countries in the region like India, China, and Japan are acknowledged as leading regions for electric two-wheelers and electric two-wheeler parts in the global market. China is contributing to the largest market share among all.
The Electric Two-Wheeler Market is segmented based on Type, Battery Type, and Voltage globally.
Based on type the electric two-wheeler market is segmented into the electric motorcycle and electric scooter. Battery Type market of the global electric two-wheeler market is further divided as sealed lead acid, lithium-ion, and other.
The voltage segment of the electric two-wheeler market is divided into 24V, 36V, 48V, and more than 48V.
The region-specific analysis of the Global Electric Two-Wheeler Market is spread over North America, Europe, Asia-Pacific, and the rest of the world.
The Asia Pacific is a prominent market player due to the presence of developing economies such as India, China, and Japan. Europe held the second-largest market contribution in the global electric two-wheeler market, in 2018. The European government is focusing to reduce the gas emission and fuel consumption this is the factor impacting on regional growth of the electric two-wheeler market. The market growth is driven by the adoption of low maintenance green mobility vehicles.
North America is stepping up into the electric two-wheeler market because of government initiatives and regulations. The presence of well-established manufacturers and adaptability for technology advancements are expected to drive the regional market growth. Many traditional manufacturers in the region are emerging into electric two-wheeler manufacturers, such as BOXX Corp., ZEV, and Unagi Scooters this will be plus point to expand the market in North America.
Major Market Players
The Key Players of the Global Electric Two-Wheeler Market are Wuxi YADEA Export-Import Co., Ltd (China), Jiangsu Xinri E-Vehicle Co., Ltd (China), Vmoto Limited (Australia), GOVECS AG (Germany), Energica Motor Company S.p.An (Italy), China Zhongneng Vehicle Group Co., Ltd (China), Hero Electric (India), Niu International (China), Ampere Vehicles (India), and Zero Motorcycles, Inc. (US)
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