Global Electric Two-Wheeler Market, 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, Size, Share, Trends, Competition, Opportunity and Forecast, 2016-2026
Global electric two-wheeler market stood at USD10,629.17 million in 2020 and is anticipated to grow at a CAGR of 14.08% during the forecast period to reach USD26,476.81 million by 2026. Increasing government initiatives to support the production and sales of electric two-wheeler vehicles in the form of income tax incentives and subsidies, growing demand for energy-efficient commuting and ongoing technological advancements are the primary factors that are expected to drive the growth of the global electric two-wheeler market for the forecast period. Increasing environmental concerns due to growing consumer awareness about the harmful effect of greenhouse emissions on the environment are making way for the high adoption of electric vehicles worldwide.Electric two-wheelers are witnessing high demand from all over the world as they are affordable than four-wheeler vehicles, can easily maneuver through dense traffic and have low operating and maintenance costs.
Market players are investing in research and development activities to develop innovative solutions to increase the battery life, performance and fuel efficiency and launch new electric two-wheelers models in attractive design, size, color to boost their sales. However, performance constraints and lack of proper charging infrastructure may hinder the growth of global electric two-wheeler market in the forecast period. The global electric two-wheeler market is segmented based on vehicle type, range, battery capacity, battery type, region, and competitional landscape.On the basis of regional analysis, Europe is expected to witness the highest CAGR growth in the forecast period, 2022-2026.
Availability of lucrative incentives and income tax rebates, large number of market players and use of advanced technologies in the manufacturing process are driving the demand for electric two-wheeler market in the region. The top major players operating in the global electric two-wheeler market are 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.
• To analyze the historical growth and the market size of the global electric two-wheeler market from 2016 to 2020. • To estimate and forecast the market size of the global electric two-wheeler market from 2021 to 2026 and growth rate until 2026. • To classify and forecast the global electric two-wheeler market based on vehicle type, range, battery capacity, battery type, region, and competitional landscape. • To identify drivers and challenges for the global electric two-wheeler market. • To examine competitive developments such as expansions, new product launches, mergers and acquisitions, etc., in the global electric two-wheeler market. • To conduct pricing analysis for the global electric two-wheeler market. • To identify and analyze the profile of leading players operating in the global electric two-wheeler market. The analyst performed both primary as well as exhaustive secondary research for this study.Initially, the analyst sourced a list of leading manufacturers across the globe.
Subsequently, the analyst conducted primary research surveys with the identified companies.While interviewing, the respondents were also enquired about their competitors.
Through this technique, the analyst could include the manufacturers which could not be identified due to the limitations of secondary research. The analyst examined the product offerings, distribution channels and presence of all major players operating in the electric two-wheeler market all over the world. The analyst calculated the global electric two-wheeler’s market size using a bottom-up approach, where data for various regions was recorded and forecasted for the future years. The analyst sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size.
Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.
Key Target Audience:
• Electric two-wheeler manufacturers, suppliers, distributors, and other stakeholders • Government bodies such as regulating authorities and policy makers • Organizations, forums, and alliances related to electric two-wheeler market • Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as electric two-wheeler manufacturers, suppliers, distributors, and other stakeholders. The report would enable the stakeholders in strategizing investments and capitalizing on emerging market opportunities.
In this report, global electric two-wheeler market has been segmented into following categories, in addition to the industry trends which have also been detailed below: • Electric Two-Wheeler Market, Vehicle Type: o Scooter/Mopeds o Motorcycle • Electric Two-Wheeler Market, By Range: o 50–100 Km o 101–150 Km o Less than 50 Km o Above 150 Km • Electric Two-Wheeler Market, By Battery Capacity: o <25 Ah o >25 Ah • Electric Two-Wheeler Market, By Battery Type: o Lead Acid o Li-ion • Electric Two-Wheeler Market, By Region: o Asia-Pacific China Indonesia Thailand Philippines Vietnam India Malaysia o Americas Brazil United States Canada o Europe Spain France Germany Italy UK
Company Profiles: Detailed analysis of the major companies present in global electric two-wheeler Market.
With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report:
• Detailed analysis and profiling of additional market players (up to five).
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