Electric Two-Wheeler Market: In-Depth Analysis of Top Companies, Industry Size & Share till 2028

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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:

Growing Market Participants: The increasing number of participants in the global electric two-wheeler industry is poised to significantly contribute to its growth. Ongoing research and development efforts focus on enhancing efficiency, reducing charging time, and extending range, thereby addressing consumer demands for more advanced and convenient electric two-wheelers.
Rising Demand for Emission-Free Vehicles: The escalating demand for emission-free two-wheelers, propelled by environmental and health concerns, is a key driver of the market. As consumers seek sustainable alternatives, the electric two-wheeler industry stands as a promising solution, offering lower running and maintenance costs.
Challenges and Limitations: Despite the positive trajectory, challenges such as the high cost of battery replacement, scarcity of skilled mechanics, limited kilometers range, insufficient charging infrastructure, and lack of awareness pose hurdles to the market’s full potential.

𝐁𝐫𝐨𝐰𝐬𝐞, 𝐦𝐚𝐫𝐤𝐞𝐭 𝐝𝐚𝐭𝐚, 𝐅𝐢𝐠𝐮𝐫𝐞𝐬 𝐚𝐧𝐝 𝐚𝐧 𝐢𝐧–𝐝𝐞𝐩𝐭𝐡 𝐓𝐎𝐂 𝐨𝐧 “Electric Two-Wheeler Market” – https://www.techsciresearch.com/report/electric-two-wheeler-market/2322.html

Benefits of the Research Report:

Strategic Decision-Making: The research report empowers stakeholders with strategic insights, enabling informed decision-making based on an understanding of market trends, growth projections, and potential challenges.
Market Size and Projection: In-depth analysis of market size and growth projections provides a comprehensive view of the current market scenario and future potential, assisting businesses in strategic planning and investment decisions.
Competitive Analysis: The report includes a competitive analysis, offering industry players clarity on their position, competitor strategies, and opportunities for differentiation, thus fostering a more informed and competitive market landscape.
Technological Trends: Insights into technological trends allow manufacturers and technology providers to stay ahead of innovation, enhancing their product offerings and meeting evolving consumer demands.
Regulatory Landscape: Understanding the regulatory landscape is crucial for compliance, guiding organizations through evolving requirements, especially within the context of environmental concerns and changing regulations.

Market Segmentation:

The global electric two-wheeler market is intricately segmented based on vehicle type, range, battery capacity, battery type, region, and competitive landscape.

Vehicle Type: Scooter/Mopeds Motorcycle

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.

Range: Less than 50Km 50-100Km 101-150Km Above 150Km

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.

Battery Capacity: 25Ah <25Ah

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.

Battery Type: Lead Acid Li-ion

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.

Region: APAC Europe Americas Rest of the World

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:

Honda’s Manufacturing Capacity Enhancement: In response to the evolving automotive landscape, Honda announced the relocation of transmission assembly from the Amazonian region of Brazil. This strategic move aims to enhance operational flexibility, increase efficiency, and bolster competitiveness.
BMW’s Production Plans in Brazil: BMW declared plans to produce the X1 model and the 3 series model in Brazil, with a total investment of USD 104.01 million (BRL 500 million). This investment signifies the company’s commitment to manufacturing in the region.

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.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐭𝐡𝐞 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 (𝘋𝘦𝘵𝘢𝘪𝘭𝘦𝘥 𝘤𝘩𝘢𝘱𝘵𝘦𝘳–𝘣𝘺–𝘤𝘩𝘢𝘱𝘵𝘦𝘳 𝘨𝘶𝘪𝘥𝘢𝘯𝘤𝘦, 𝘙𝘦𝘨𝘪𝘰𝘯𝘢𝘭 𝘈𝘯𝘢𝘭𝘺𝘴𝘪𝘴, 𝘎𝘳𝘢𝘱𝘩𝘪𝘤𝘢𝘭 𝘙𝘦𝘱𝘳𝘦𝘴𝘦𝘯𝘵𝘢𝘵𝘪𝘰𝘯, 𝘙𝘪𝘴𝘬𝘴, 𝘖𝘱𝘱𝘰𝘳𝘵𝘶𝘯𝘪𝘵𝘪𝘦𝘴, 𝘚𝘢𝘭𝘦𝘴 𝘝𝘰𝘭𝘶𝘮𝘦, 𝘙𝘦𝘷𝘦𝘯𝘶𝘦 𝘈𝘯𝘢𝘭𝘺𝘴𝘪𝘴)- https://www.techsciresearch.com/sample-report.aspx?cid=2322

Key market players in the electric two-wheeler market include :

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

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.