Electric Two-Wheeler Market: Horizon 2028 Insights - Opportunities and Challenges with Size, Share, and Growth - TechSciPosted by Kumar on January 16th, 2024 Introduction: The global electric two-wheeler market, evaluated at USD 10,629.17 million in 2020, is on a trajectory of steady growth with a projected CAGR of 14.08% during the forecast period, reaching USD 26,476.81 million in 2026. As revealed in the TechSci Research report titled "Electric Two-Wheeler Market - Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2016-2026," this sector is witnessing a surge in demand driven by the increasing preference for emission-free vehicles and growing environmental concerns.
Electric Two-Wheelers: Definition and Propulsion: Electric two-wheelers, comprising motorcycles and scooters, are plug-in electric vehicles designed with no more than two wheels. Distinguished by their zero-emission propulsion and accessory systems, these vehicles rely exclusively on electricity stored in a rechargeable battery. Propelled by a power unit fueled by clean energy, electric two-wheelers represent a sustainable and eco-friendly mode of transportation. Market Dynamics:
𝐁𝐫𝐨𝐰𝐬𝐞, 𝐦𝐚𝐫𝐤𝐞𝐭𝐝𝐚𝐭𝐚, 𝐅𝐢𝐠𝐮𝐫𝐞𝐬𝐚𝐧𝐝𝐚𝐧𝐢𝐧-𝐝𝐞𝐩𝐭𝐡𝐓𝐎𝐂𝐨𝐧 “Electric Two-Wheeler Market” – https://www.techsciresearch.com/report/electric-two-wheeler-market/2322.html
Benefits of the Research Report:
Market Segmentation:
The global electric two-wheeler market is intricately segmented based on vehicle type, range, battery capacity, battery type, region, and competitive landscape.
In 2020, Scooter/Mopeds held the dominant market share of 89.66%, attributed to factors such as lightweight design, lower prices, shorter charging times, and good maneuverability. The motorcycle segment is expected to witness the fastest growth due to increased research and development.
In 2020, the majority of electric two-wheelers sold had a range of 50-100Km, followed by 101-150Km. The segment with a range above 150Km is anticipated to experience the fastest growth in the coming years.
Electric two-wheelers with battery capacity <25Ah dominated the market in 2020, holding a commanding share of 83.83%. This reflects the current trend in manufacturing electric motorcycles.
Lead Acid batteries, known for their long-standing history and mature technology, held a dominant market share of 84.87% in 2020. The trend is expected to persist due to the lower cost and widespread application in various industries.
The APAC region, particularly led by China, dominated the global electric two-wheeler market in 2020, accounting for over 95% of sales. This trend is expected to continue, given the region's manufacturing prowess and high population density. Case Studies and Developments:
The global electric two-wheeler market stands at the forefront of sustainable and innovative mobility solutions, driven by a surge in demand for emission-free vehicles and a growing awareness of environmental concerns. The industry's response to challenges and advancements in technology reflects its adaptability and potential for future growth. The research report serves as a comprehensive guide, providing stakeholders with valuable insights into market dynamics, trends, and future projections. As the industry navigates through challenges and explores opportunities, the electric two-wheeler market remains a promising sector with vast potential for innovation and expansion.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝𝐭𝐡𝐞𝐟𝐫𝐞𝐞𝐬𝐚𝐦𝐩𝐥𝐞𝐫𝐞𝐩𝐨𝐫𝐭 (𝘋𝘦𝘵𝘢𝘪𝘭𝘦𝘥𝘤𝘩𝘢𝘱𝘵𝘦𝘳-𝘣𝘺-𝘤𝘩𝘢𝘱𝘵𝘦𝘳𝘨𝘶𝘪𝘥𝘢𝘯𝘤𝘦, 𝘙𝘦𝘨𝘪𝘰𝘯𝘢𝘭𝘈𝘯𝘢𝘭𝘺𝘴𝘪𝘴, 𝘎𝘳𝘢𝘱𝘩𝘪𝘤𝘢𝘭𝘙𝘦𝘱𝘳𝘦𝘴𝘦𝘯𝘵𝘢𝘵𝘪𝘰𝘯, 𝘙𝘪𝘴𝘬𝘴, 𝘖𝘱𝘱𝘰𝘳𝘵𝘶𝘯𝘪𝘵𝘪𝘦𝘴, 𝘚𝘢𝘭𝘦𝘴𝘝𝘰𝘭𝘶𝘮𝘦, 𝘙𝘦𝘷𝘦𝘯𝘶𝘦𝘈𝘯𝘢𝘭𝘺𝘴𝘪𝘴)- https://www.techsciresearch.com/sample-report.aspx?cid=2322
Key market players in the electric two-wheeler market include :
Global electric two-wheeler market is fragmented with a lot of well-established players having presence in several countries. Niu International, Yadea Technology Group Co.,Ltd., Jiangsu Xinri E-Vehicle Co.,Ltd, Viar Motor Indonesia, Zero Motorcycles, Inc., Honda Motor Company, Ltd, Deco Green Energy CO., LTD., Hero Electric Vehicles Pvt. Ltd., Okinawa Autotech Pvt. Ltd., Ampere Vehicles Private Limited have dominating presence in global electric two-wheeler market. “APAC holds the largest revenue shares of 97.52% in the market and is anticipated to be leading region in the upcoming market on the account of availability of well-established electric two-wheeler industry. Furthermore, the market's growth is being aided by the quick increase in research and development in the field, as well as the increasing environment concerns. New market players are advised to invest and focus on the research and development of the electric two-wheelers and services for the brand establishment. Collaborations and regulated deals with the established market players would help the prospects of the new market player,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. “Electric Two-Wheeler Market - Global Industry Size, Share, Trends, Segmented By Vehicle Type (Scooter/Mopeds, Motorcycle), By Range (Less than 50Km, 50-100Km, 101-150Km, Above 150Km), By Battery Capacity (<25Ah, >25Ah), By Battery Type (Lead Acid, Li-ion), By Region, Competition Forecast & Opportunities, 2026”, has evaluated the future growth potential of global 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 global electric two-wheeler market.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝𝐭𝐡𝐞𝐟𝐫𝐞𝐞𝐬𝐚𝐦𝐩𝐥𝐞𝐫𝐞𝐩𝐨𝐫𝐭 (𝘋𝘦𝘵𝘢𝘪𝘭𝘦𝘥𝘤𝘩𝘢𝘱𝘵𝘦𝘳-𝘣𝘺-𝘤𝘩𝘢𝘱𝘵𝘦𝘳𝘨𝘶𝘪𝘥𝘢𝘯𝘤𝘦, 𝘙𝘦𝘨𝘪𝘰𝘯𝘢𝘭𝘈𝘯𝘢𝘭𝘺𝘴𝘪𝘴, 𝘎𝘳𝘢𝘱𝘩𝘪𝘤𝘢𝘭𝘙𝘦𝘱𝘳𝘦𝘴𝘦𝘯𝘵𝘢𝘵𝘪𝘰𝘯, 𝘙𝘪𝘴𝘬𝘴, 𝘖𝘱𝘱𝘰𝘳𝘵𝘶𝘯𝘪𝘵𝘪𝘦𝘴, 𝘚𝘢𝘭𝘦𝘴𝘝𝘰𝘭𝘶𝘮𝘦, 𝘙𝘦𝘷𝘦𝘯𝘶𝘦𝘈𝘯𝘢𝘭𝘺𝘴𝘪𝘴)- https://www.techsciresearch.com/sample-report.aspx?cid=2322
India Electric Two-Wheeler Market Contact Techsci Research- US - Techsci Research LLC 420 Lexington Avenue, Suite 300, New York, United States- 10170 Tel: +13322586602 Email: sales@techsciresearch.com Like it? Share it! More by this author
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