The Global Electric Two-Wheeler Market size is estimated at USD 585 in 2024, and is expected to reach USD 931 by 2029, growing at a CAGR of 9.74% during the forecast period (2024-2029).

Key Highlights

  • Largest Segment by Battery type - : Lithium-ion batteries dominate the electric 2-wheeler market due to the high recycling rate and short charging time and growing need of electric two wheeler among the popultion globally.

  • Largest Segment by Vehicle Type - undefined : The popularity of e-scooters is another incentive for traditional two-wheeler manufacturers to enter the market. E-scooters sell more than e-motorcycles due to low cost and models availability.

  • Fastest-growing Segment by Region - Miidle East : The Asia-Pacific region is expected to dominate the market due to government benefits and high tech innovation and new model launches from countries like china, india etc.

  • Largest Segment by Country - Germany : Most of the lectric two wheeler manufacturers are from China. Government norms, shift to electric mobility, expansions and demand from other countries is making China the largest two wheeler market.

Electric Two-Wheeler Industry Overview

The Global Electric Two-Wheeler Market is fragmented, with the top five companies occupying 17.10%. The major players in this market are AIMA Technology Co., Ltd, Ather Energy Pvt. Ltd., Hero Electric Vehicles Pvt. Ltd, Jiangsu Xinri E-Vehicle Co. Ltd. and Yadea Group Holdings Ltd. (sorted alphabetically).

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