Electric two-wheeler market overview
The electric two-wheeler market size is expected to grow from 1 million units in 2021 to 1.55 billion units by 2030, registering a CAGR of 34.57% during the forecast period (2022- 2030).
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The global electric two-wheeler market is expected to witness rapid growth during the forecast period. Asia-Pacific is expected to dominate the electric two-wheeler market due to the presence of China, India, and Japan. Developing countries in the region are recognized as the leading countries for electric two-wheelers and electric two-wheeler parts in the global market. Additionally, the demand for electric two-wheelers among tourists is driving the market over the forecast period. China is one of the leading producers of electric two-wheelers in Asia-Pacific. In 2018, China’s Development and Reform Commission announced a new $47 billion fund, which supports the development of electric vehicle (EV) technologies. Companies in the country aim to reduce the costs of electric two-wheelers to meet both domestic and international demand.
In 2018, Europe held the second largest market share in the global electric two-wheeler market. Continued government efforts to reduce gas emissions are expected to fuel the demand for electric two-wheelers in the region during the forecast period. Efforts by domestic manufacturers to design lighter and more energy-efficient two-wheeler solutions for consumers.
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Major Key Players in the Market:
Wuxi YADEA Export-Import Co.
Jiangsu Xinri E-Vehicle Co.
Vmoto Limited (Australia)
GOVECS AG (Germany)
Energica Motor Company SpA (Italy)
China Zhongneng Vehicle Group Co.
Hero Electric (India)
Niu International (China)
Ampere Vehicles (India)
and Zero Motorcycles
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The global electric two-wheeler market is segmented on the basis of type, battery type and voltage. On the basis of type, the electric two-wheeler market is segmented into electric motorcycle and electric scooter. The electric scooter segment held the largest market share in 2018 as electric scooters are widely used.
By battery type:
The global electric two-wheeler market is segmented into sealed lead-acid, lithium-ion, and others. The sealed lead-acid segment accounted for the largest market share in 2018. Moreover, these batteries are more cost-effective than other types of batteries and called as “maintenance-free”, are low-maintenance and rechargeable sealed lead-acid batteries . Sealed lead acid batteries are available in all shapes, voltages, amperages and sizes. Sealed lead-acid batteries are called “sealed” because they normally do not allow the addition or loss of liquid. These factors are expected to drive the growth of the sealed lead-acid segment over the forecast period.
May 2021 – Ola is set to sell an electric scooter in international markets this fiscal year.
May 2021- An Italian company, Benelli has launched a new electric scooter, Dong, which is small and uniquely designed.
April 2021 – Gogoro, a Taiwanese electric scooter manufacturer, has partnered with Hero MotoCorp in India to bring its battery-sharing infrastructure to the world’s largest motorcycle market.
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North America is one of the leading regions in the electric two-wheeler market, thanks in particular to government initiatives for the adoption of electric vehicles. Growing focus of major electric two-wheeler manufacturers on developing technologically advanced products with better performance and price competitiveness is expected to drive the demand for electric two-wheeler during the forecast period. Additionally, the presence of various established and emerging electric two-wheeler manufacturers, such as BOXX Corp., ZEV, and Unagi Scooters, in the region is expected to increase production and export capabilities in the region during the growth period. forecast.
The global electric two-wheeler market has been segmented on the basis of type, battery type, voltage, and region. On the basis type, the global electric two-wheeler market is segmented into electric motorcycle and electric scooter. The electric scooter segment is expected to dominate the market as these vehicles offer reduced fuel, spark plug changing and oil filter replacement costs coupled with their minimalistic design features which lowers their costs of maintenance.
2.1 Definition 14
2.2 Scope of the study 14
2.3 List of assumptions 15
2.4 Market structure 16
2.5 Attractive Market Analysis 16
2.6 Global Electric Two-wheeler Market, By Type 17
2.7 Global Electric Two-Wheelers Market, By Battery Type 18
2.8 Global Electric Two-wheeler Market, By Voltage 19
2.9 Main purchase criteria 19
4.1 Research Process 22
4.2 Primary research 23
4.3 Secondary research 24
4.4 Market Size Estimation 25
4.5 Forecasting model 25
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