Global Electric Two Wheeler Market Research Report: Forecast (2023-2028)

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 (3.50 x 17, 90/90-12, 5.5 x 17, 120/70 ZR17, 100/70-17, 90/90-14, 3.00-10, 110/70-12, 90/90-10, 110/80-14, 3.50-10, 120/70-12, Others), By Region (North America, Latin America, Europe, The Middle East & Africa, Asia Pacific), By Company (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) Read more

  • Automotive
  • Mar 2023
  • 191
  • PDF, Excel, PPT

Market Definition

Electric two-wheelers are vehicles that operate elusively on electrical energy from an off-board source stored in a vehicle battery. They produce zero emissions or pollution when stationary or operating. A range of electric vehicles is available, including an e-scooter, an e-motorcycle, an e-moped, an e-bike, etc. It neither has an engine nor does it burn fossil fuels like gasoline, diesel, or compressed natural gas. Generally, it comes with a rechargeable battery for storing the electric power & propelling the 2-wheeler.  

Market Insights & Analysis: Global Electric Two Wheeler Market (2023-28)

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:

  • According to MotorCycles Data, in the first nine months of 2022, Europe witnessed a notable surge in the sales of electric two-wheeler by +46.1% compared to the previous year.
Report Coverage Details
Study Period Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028) 25.57%
Regions Covered North America: US, Canada
Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
Asia-Pacific: China, India, Thailand, Indonesia, Malaysia, Philippines, Singapore, Rest of South East Asia
Latin America: Brazil, Mexico, Argentina, Chile, Rest of Latin America
Middle East & Africa: Saudi Arabia, The UAE, Turkey, South Africa, Morocco, Rest of the Middle East & Africa
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
Unit Denominations USD Million/Billion

 

The high demand for these electric vehicles has been observed across the globe due to the wide adoption of electric motorcycles & scooters by delivery partners, e-commerce platforms, and transit companies. In addition to this, these last-mile delivery providers, such as Amazon, Flipkart, and Zomato, are replacing traditional fuel-based motorcycles with electric mopeds & motorcycles to lower operational costs. Therefore, the sales of electric two-wheelers have marginally spiked due to the growing application of these vehicles for commercial purposes.

Furthermore, the companies have been working in line with government initiatives as they are actively making efforts to deploy electric bikes in their fleets to continue their operations across geographies, including Europe, Asia-Pacific, and North America. As a result of the declaration made by last-mile delivery providers to switch to e-bikes, various manufacturers such as Niu International, Cake, and others have announced the launch of several e-bike models to expand across these geographies & capitalize on the emerging market opportunity.

Moreover, the growing investments & partnerships among e-vehicle manufacturers & charging infrastructure providers such as Hero Electric, Boult, and Gogoro, among others, to develop efficient electric two-wheeler charging stations would also enhance the sales of e-motorcycles & e-scooters in the upcoming years.

Global Electric Two Wheeler Market Research Report (2023-2028) - Table of Contents

 

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Impact of Global Events on Electric Two Wheeler Market
    1. Impact of COVID-19
    2. Impact of Russia Ukraine Ware
  5. Global Electric Two-Wheeler Market Policies, Regulations, Product Standards
  6. Global Electric Two Wheeler Market Trends & Insights
  7. Global Electric Two Wheeler Market Dynamics
    1. Drivers
    2. Challenges
  8. Global Electric Two Wheeler Market Growth Opportunities & Hotspots
  9. Global Electric Two Wheeler Market Analysis, 2018-2028F
    1. Market Size & Outlook
      1. Units Sold
    2. Market Share & Outlook
      1. By VehicleType
        1. Scooter/Moped
        2. Motorcycle
      2. By Application
        1. Personal Use
        2. Commercial Use
      3. By Drive Type
        1. Off road
        2. Urban
      4. By Travel Range
        1. Up to 100 Km
        2. 101 to 150 Km
        3. More than 150
      5.  By Battery Type
        1. Lead Acid
        2. Lithium Ion
      6. By Battery Capacity
        1. < 2 kWh
        2. 2-2.5 kWh
        3. > 2.5 kWh
      7. By Tire Size
        1. 3.50 x 17
        2. 90/90-12
        3. 5.5 x 17
        4. 120/70 ZR17
        5. 100/70-17
        6. 90/90-14
        7. 3.00-10
        8. 110/70-12
        9. 90/90-10
        10. 110/80-14
        11. 3.50-10
        12. 120/70-12
        13. Others
      8. By Region
        1. North America
        2. Latin America
        3. Europe
        4. The Middle East & Africa
        5. Asia Pacific
        6. South East Asia
      9. By Company
        1. Market Share
        2. Competition Characteristics
  10. North America Electric Two Wheeler Market Analysis, 2018-2028F
    1. Market Size & Outlook
      1. Unit Sold
    2. Market Share & Outlook
      1. By Vehicle Type
      2. By Application Type
      3. By Drive Type
      4. By Tire Size
      5. By Country
        1. The US
        2. Canada
    3. The US Electric Two Wheeler Market Analysis, 2018-2028F
      1. Market Size & Outlook
        1. Unit Sold
      2. Market Share & Outlook
        1. By Vehicle Type
        2. By Application Type
        3. By Drive Type
    4. Canada Electric Two Wheeler Market Analysis, 2018-2028F
      1. Market Size & Outlook
        1. Unit Sold
      2. Market Share & Outlook
        1. By Vehicle Type
        2. By Application Type
        3. By Drive Type
  11. Latin America Electric Two Wheeler Market Analysis, 2018-2028F
    1. Market Size & Outlook
      1. Unit Sold
    2. Market Share & Outlook
      1. By Vehicle Type
      2. By Application Type
      3. By Drive Type
      4. By Tire Size
      5. By Country
        1. Brazil
        2. Mexico
        3. Argentina
        4. Chile
        5. Rest of Latin America
    3. Brazil Electric Two Wheeler Market Analysis, 2018-2028F
      1. Market Size & Outlook
        1. Unit Sold
      2. Market Share & Outlook
        1. By Vehicle Type
        2. By Application Type
        3. By Drive Type
    4. Mexico Electric Two Wheeler Market Analysis, 2018-2028F
      1. Market Size & Outlook
        1. Unit Sold
      2. Market Share & Outlook
        1. By Vehicle Type
        2. By Application Type
        3. By Drive Type
    5. Argentina Electric Two Wheeler Market Analysis, 2018-2028F
      1. Market Size & Outlook
        1. Unit Sold
      2. Market Share & Outlook
        1. By Vehicle Type
        2. By Application Type
        3. By Drive Type
    6. Chile Electric Two Wheeler Market Analysis, 2018-2028F
      1. Market Size & Outlook
        1. Unit Sold
      2. Market Share & Outlook
        1. By Vehicle Type
        2. By Application Type
        3. By Drive Type
  12. Europe Electric Two Wheeler Market Analysis, 2018-2028F
    1. Market Size & Outlook
      1. Unit Sold
    2. Market Share & Outlook
      1. By Vehicle Type
      2. By Application Type
      3. By Drive Type
      4. By Tire Size
      5. By Country
        1. The UK
        2. Germany
        3. Italy
        4. France
        5. Spain
        6. Rest of Europe
    3. The UK Electric Two Wheeler Market Analysis, 2018-2028F
      1. Market Size & Outlook
        1. Unit sold
      2. Market Share & Outlook
        1. By Vehicle Type
        2. By Application Type
        3. By Drive Type
    4. Germany Electric Two Wheeler Market Analysis, 2018-2028F
      1. Market Size & Outlook
        1. Unit Sold
      2. Market Share & Outlook
        1. By Vehicle Type
        2. By Application Type
        3. By Drive Type
    5. Italy Electric Two Wheeler Market Analysis, 2018-2028F
      1. Market Size & Outlook
        1. Unit Sold
      2. Market Share & Outlook
        1. By Vehicle Type
        2. By Application Type
        3. By Drive Type
    6. France Electric Two Wheeler Market Analysis, 2018-2028F
      1. Market Size & Outlook
        1. Unit Sold
      2. Market Share & Outlook
        1. By Vehicle Type
        2. By Application Type
        3. By Drive Type
    7. Spain Electric Two Wheeler Market Analysis, 2018-2028F
      1. Market Size & Outlook
        1. Unit Sold
      2. Market Share & Outlook
        1. By Vehicle Type
        2. By Application Type
        3. By Drive Type
  13. The Middle East & Africa Electric Two Wheeler Market Analysis, 2018-2028F
    1. Market Size & Outlook
      1. Unit Sold
    2. Market Share & Outlook
      1. By Vehicle Type
      2. By Application Type
      3. By Drive Type
      4. By Tire Size
      5. By Country
        1. Saudi Arabia
        2. The UAE
        3. Turkey
        4. South Africa
        5. Morocco
        6. Rest of the Middle East & Africa
    3. Saudi Arabia Electric Two Wheeler Market Analysis, 2018-2028F
      1. Market Size & Outlook
        1. Unit Sold
      2. Market Share & Outlook
        1. By Vehicle Type
        2. By Application Type
        3. By Drive Type
    4. The UAE Electric Two Wheeler Market Analysis, 2018-2028F
      1. Market Size & Outlook
        1. Unit Sold
      2. Market Share & Outlook
        1. By Vehicle Type
        2. By Application Type
        3. By Drive Type
    5. Turkey Electric Two Wheeler Market Analysis, 2018-2028F
      1. Market Size & Outlook
        1. Unit Sold
      2. Market Share & Outlook
        1. By Vehicle Type
        2. By Application Type
        3. By Drive Type
    6. South Africa Electric Two Wheeler Market Analysis, 2018-2028F
      1. Market Size & Outlook
        1. Unit Sold
      2. Market Share & Outlook
        1. By Vehicle Type
        2. By Application Type
        3. By Drive Type
    7. Morocco Electric Two Wheeler Market Analysis, 2018-2028F
      1. Market Size & Outlook
        1. Unit Sold
      2. Market Share & Outlook
        1. By Vehicle Type
        2. By Application Type
        3. By Drive Type
  14. Asia Pacific Electric Two Wheeler Market Analysis, 2018-2028F
    1. Market Size & Outlook
      1. Unit Sold
    2. Market Share & Outlook
      1. By Vehicle Type
      2. By Application Type
      3. By Drive Type
      4. By Tire Size
      5. By Country
        1. China
        2. India
        3. Thailand
        4. Indonesia
        5. Malaysia
        6. Philippines
        7. Singapore
        8. Rest of South East Asia
    3. China Electric Two Wheeler Market Analysis, 2018-2028F
      1. Market Size & Outlook
        1. Unit Sold
      2. Market Share & Outlook
        1. By Vehicle Type
        2. By Application Type
        3. By Drive Type
    4. India Electric Two Wheeler Market Analysis, 2018-2028F
      1. Market Size & Outlook
        1. Unit Sold
      2. Market Share & Outlook
        1. By Vehicle Type
        2. By Application Type
        3. By Drive Type
    5. Thailand Electric Two Wheeler Market Analysis, 2018-2028F
      1. Market Size & Outlook
        1. Unit Sold
      2. Market Share & Outlook
        1. By Vehicle Type
        2. By Application Type
        3. By Drive Type
    6. Indonesia Electric Two Wheeler Market Analysis, 2018-2028F
      1. Market Size & Outlook
        1. Unit Sold
      2. Market Share & Outlook
        1. By Vehicle Type
        2. By Application Type
        3. By Drive Type
    7. Malaysia Electric Two Wheeler Market Analysis, 2018-2028F
      1. Market Size & Outlook
        1. Unit Sold
      2. Market Share & Outlook
        1. By Vehicle Type
        2. By Application Type
        3. By Drive Type
    8. Philippines Electric Two Wheeler Market Analysis, 2018-2028F
      1. Market Size & Outlook
        1. Unit sold
      2. Market Share & Outlook
        1. By Vehicle Type
        2. By Application Type
        3. By Drive Type
    9. Singapore Electric Two Wheeler Market Analysis, 2018-2028F
      1. Market Size & Outlook
        1. Unit Sold
      2. Market Share & Outlook
        1. By Vehicle Type
        2. By Application Type
        3. By Drive Type
  15. Global Electric Two Wheeler Market Key Strategic Imperatives for Success & Growth
  16. Competitive Benchmarking
    1. Competition Matrix
      1. Product Portfolio
      2. Target Markets
      3. Research & Development
      4. Strategic Alliances
      5. Strategic Initiatives
    2. Company Profiles (Business Description, Product Offering, Strategic Alliances or Partnerships, etc)
      1. Hero Electric Vehicles Private Limited
      2. Okinawa Autotech International Private Limited
      3. Energica Motor Company S.P.A.
      4. AIMA Technology Group Co. Ltd.
      5. Yadea Technology Group Co., Ltd
      6. Terra Motors Corporation
      7. Zero Motorcycles Inc.
      8. Honda Motor Co., Ltd.
      9. Dongguan Tailing Electric Vehicle Co., Ltd.
      10. Silence Urban Ecomobility
      11. emcoelectroroller GmbH
      12. Vmoto Limited
      13. Jiangsu Xinri E-Vehicle Co.,Ltd
      14. GOVECS AG
      15. Others
  17. Disclaimer

 


MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

Data Trangulation

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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