Electric Two Wheeler Market Bifurcations, Drivers, Restraints, and Trends Forecast 2023-2028

A Quick Overview of Electric Two Wheeler Market

The key object of this report on the Electric Two Wheeler Market is to offer worthy data and a geographical perspective for predictions of market growth in the future. The recommendations added in this detailed report are insightful, and actionable offering a deep understanding of the industry. Moreover, it includes a comprehensive importance of aspects that have impacted the industry.

MarkNtel Advisors has recently studied an extensive market intelligence evaluation on the Electric Two Wheeler Market. Also, the newly released report exhibits an engaging format that comprises compelling graphs, tables, charts, and figures as well. These seamlessly combined visual aids are designed to support the clarity and accuracy of the details presented, offering analysts a deep knowledge of the topic at hand.

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Electric Two Wheeler Market Scenario:

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. 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. For instance.

Electric Two Wheeler Market - Industry Dynamics, Size, And Opportunity Forecast To 2028:

Market Driver - Expansion of E-scooter & E-motorcycle Rentals to Serve Tourists Drives the Market

Tourism is one of the major factors boosting the sales globally, as rental electric two-wheelers are the most preferred choice for tourists to visit the city hassle free on their own. Globally, the demand for these vehicles is being driven by urbanization, digitalization, micro-mobility, traffic congestion, and the cost of owning & maintaining bikes.

The tourist cities like Bali, Kuala Lumpur, Madrid, Delhi, etc., across the world, are facing traffic congestion & pollution caused by rapid urbanization that puts a lot of pressure on the public transport system. Therefore, the consumer prefers the rental electric two-wheeler as it offers hassle-free movement at a competent cost than renting a four-wheeler for the same purpose. As a result of the growing demand, various start-ups, such as Revel, City Scoot, Cooltra, VOGO, etc., that provide QR-based dockless services are increasingly expanding worldwide to gain significant revenues.

Thus, the expansion of e-scooter & motorcycle renting companies are notably driving the sales and is anticipated to continue to support the revenue expansion of the market in the upcoming years as well.

Electric Two Wheeler Market Segmentation Analysis:

Electric Two Wheeler Industry, analyzes, identifies, and highlights the main trends and drivers which are affecting each segment of the market. The market has been further divided into the following categories:

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.

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Who are the Key Market Players in the Electric Two Wheeler Market?

In the fast-changing Electric Two Wheeler Market, understanding what our competitors are doing is crucial. By carefully analyzing things, we figured out some of the dominating players in the industry. So, the top companies of the Electric Two Wheeler market ruling the industry are:

List of Key Companies Profiled:

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.

Global Electric Two Wheeler Recent Development:

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.

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