Electric Two Wheeler Market Poised for Robust Growth, Forecasted to Expand at XX% CAGR from 2023-28

MarkNtel Advisors has released its latest report highlighting strong growth in The Global Electric Two Wheeler market is projected to grow at a CAGR of around 25.57% during the forecast period, i.e., 2023-28.

Report Coverage

This report offers a comprehensive analysis of the Electric Two Wheeler Market, providing valuable insights across historical trends, current dynamics, and future forecasts.

• Base Year: 2022
• Forecast Years: 2023-28
• Historical Years: 2018-21

Electric Two Wheeler Market Overview

The market growth imputes to the rising concern among the governments of countries across Southeast Asia, North America, Europe, the Middle East, and South America to lower the CO2 emission from the automotive industry & lead towards a sustainable future. Additionally, the ease of access to subsidies launched by the government of various countries such as Scotland, Germany, India, and Indonesia, among others, widely catered to the demand for these vehicles across the globe.

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Electric Two Wheeler Market Segmentation Outlook

The Electric Two Wheeler is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

By VehicleType

• Scooter/Moped
• Motorcycle

By Application

• Personal Use
• Commercial Use

By Drive Type

• Off road
• Urban

By Travel Range

• Up to 100 Km
• 101 to 150 Km
• More than 150

 By Battery Type

• Lead Acid
• Lithium Ion

By Battery Capacity

• < 2 kWh
• 2-2.5 kWh
• > 2.5 kWh

By Tire Size

• 50 x 17
• 90/90-12
• 5 x 17
• 120/70 ZR17
• 100/70-17
• 90/90-14
• 00-10
• 110/70-12
• 90/90-10
• 110/80-14
• 50-10
• 120/70-12
• Others

By Region

• North America
• Latin America
• Europe
• The Middle East & Africa
• Asia Pacific
• South East Asia

Electric Two Wheeler Market Trend

Growing Expansion of Battery Swapping Stations to Drive the Demand for Electric Two-wheelers - The battery swapping stations are the major component of the industry, allowing drivers to manage vehicle downtime through quick changes. As governments across various countries are accelerating the shift towards EVs, including electric two-wheelers, the consistent deployment of battery-swapping stations by transport ministries is on the rise across the globe. 

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Top Electric Two Wheeler Market Brands & Their Strategic Market Positioning

MarkNtel Advisors Research identifies Hero Electric Vehicles Private Limited, Okinawa Autotech International Private Limited, Energica Motor Company S.P.A., AIMA Technology Group Co. Ltd., Yadea Technology Group Co., Ltd, Terra Motors Corporation, Zero Motorcycles Inc., Honda Motor Co., Ltd., Dongguan Tailing Electric Vehicle Co., Ltd., Silence Urban Ecomobility, emcoelectroroller GmbH, Vmoto Limited, Jiangsu Xinri E-Vehicle Co.,Ltd, GOVECS AG, Others as key players shaping the market landscape.

Electric Two Wheeler Market News

• 2023: An electric two-wheeler manufacturer, Yadea Technology Group Co., Ltd., launched a high-speed electric motorcycle in the US as part of the company's strategic layout for the US market. The company plans to open flagship stores in San Francisco & Los Angeles and over 100 Integrated brand dealer stores in the first half of 2023.
• 2022: Hero Electric Vehicles Private Limited expanded its partnership with Zypp Electric to support the growth of the logistics & delivery segment. Under this partnership, Hero Electric would deploy 1.5 lakh electric scooters for Zypp Electric’s fleet in the next three years.

Key Questions Answered in the Report

• What is the market size (value & volume) along with the current & future trends, growth factors & challenges, etc.?
• How the industry has been evolving, and which segments would dominate the market during the forecast period?
• What are the key opportunity areas that companies foresee in the coming years 2028?
• Who are the key players in the market, and what are their competitive strengths?
• What are the key growth drivers & challenges associated with the market, and how would they impact the market through the forecast period?

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