Analysis of Asia-Pacific Electric Two-wheeler Market: Key Players, Market Size, Trends, Growth, and Forecast, 2018-2030

Posted by Kumar on February 15th, 2023

The TechSci Research report titled “Asia-Pacific Electric Two-wheeler Market- Competition Forecast and Opportunities, 2018-2030F” indicates that the Asia-Pacific electric two-wheeler market is poised for growth as several Asian governments have announced plans to prohibit the production and sale of gasoline and diesel vehicles in the coming years. This measure is expected to drive the demand for electric vehicles in the region, leading to an upswing in the market during the forecast period. For instance, the Indian government and the National Institution for Transforming India (NITI Aayog) have stated that electric vehicles will account for 80% of two and three-wheeler sales by 2028.

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Furthermore, the entry of new players in the market has spurred the development of various charging solutions such as battery swap, semi-public and public charging, and home-based charging. The governments of different nations in the region are supporting electric two-wheeler OEMs and startups, shared mobility services, charging solution providers, and fintech companies to create a comprehensive electric vehicle ecosystem. There are several innovative business models and cost-effective financial options available to customers, which is contributing to the rising adoption of electric two-wheelers. The availability of a broader range of vehicle models is also expected to increase the adoption of electric two-wheelers in the region. The last-mile delivery and new startups are projected to drive demand for electric two-wheeler services, which will be crucial to the industry's expansion. Electric mobility solutions are expected to create significant growth opportunities for different ecosystem segments.

Browse more than XX market data Figures spread through XX Pages and an in-depth TOC on " Asia-pacific Electric Two-Wheeler Market " -  https://www.techsciresearch.com/report/asia-pacific-electric-two-wheeler-market/3392.html

The Asia-Pacific Electric Two-Wheeler Market can be categorized into segments based on Vehicle Type, Battery Capacity, Battery Type, and Country. The Vehicle Type segment is further sub-segmented into Scooter/Moped and Motorcycle, with the former capturing a higher market share due to the greater number of available models in this segment in the region. The Battery Capacity segment is segmented into two categories, <25Ah and >25Ah. The Battery Type segment is categorized into Lead Acid and Li-ion, with the Li-ion category dominating this segment due to its better efficiency figures and integration capabilities. The Country segment is segmented into China, India, Japan, Malaysia, Indonesia, Thailand, Vietnam, Singapore, South Korea, and Taiwan. The major developments are taking place in countries such as China, India, Japan, and South Korea as these countries are focusing on creating efficient ecosystems.

Some of the major companies operating in the Asia-pacific Electric Two-Wheeler Market include:

  •          Zhejiang Luyuan Electric Vehicle.
  •          Dongguan Tailing Electric Vehicle Co. Ltd.
  •          Shandong Incalcu Electric Vehicle Co. Ltd.
  •          Hero Electric Vehicles Pvt. Ltd.
  •          Okinawa Autotech Pvt. Ltd.
  •          Gogoro Inc.
  •          Zero Motorcycles, Inc.
  •          Yadea group holdings ltd.
  •          Revolt motors
  •          Ather Energy Pvt. Ltd.

These are the key players developing advanced technologies and launching electric two wheelers across the region to stay competitive in the market. Other competitive strategies include mergers with the research and development firms, new product developments, and marketing activities to increase customer outreach. These companies are also focusing on meeting the regulations of different regional governments and are also partnering with different research bodies to stay competitive in the market.

“The demand for electric vehicles is expected to rise because of the less ownership cost of the electric vehicles. The market is expected to generate new opportunity as new players are entering into the race, which will bring more competitive products in the market. In addition, government emission norms are also influencing the demand of the electric two wheelers in Asia Pacific” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Asia-Pacific Electric Two-Wheeler Market - By Vehicle Type (Scooter/Moped & Motorcycle), By Battery Capacity (<25Ah & >25Ah), By Battery Type (Lead Acid & Li-ion), By Country, Competition Forecast and Opportunities, 2030” has evaluated the future growth potential of Asia-pacific Electric Two-Wheeler Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global Asia-Pacific Electric Two-Wheeler Market.

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Kumar

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Kumar
Joined: July 7th, 2021
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