Electric Two-Wheeler Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2029

Electric Two-Wheeler Market Size, Share, Growth, 2022-2029

<p>Electric two-wheelers, also known as e-bikes, are becoming increasingly popular worldwide, especially in densely populated cities, where traffic congestion and air pollution are major issues. E-bikes are environmentally friendly, cost-effective, and energy-efficient, making them an ideal mode of transportation for short to medium distance travel. According to a recent report by Market Research Future, the global electric two-wheeler market is expected to grow at a compound annual growth rate (CAGR) of 7.13% from 2021 to 2027.</p>
<h2>Market Size and Share:</h2>
<blockquote>
<div>
<p>The electric two-wheeler market is growing rapidly, and the total market size is expected to reach $~26.6 billion by 2027, according to a report by.</p>
</div>
</blockquote>
<p>The Asia-Pacific region dominates the market, accounting for over 90% of the global e-bike market share. China is the largest market for e-bikes, followed by Japan, India, and South Korea. Europe and North America are also witnessing a steady growth in e-bike sales due to increasing awareness of environmental issues and government initiatives to reduce carbon emissions.</p>
<h2>Key Players:</h2>
<ul>
<li>Yamaha Motor Co. Ltd.</li>
<li>Terra Motors Corporation</li>
<li>Hero Electric Vehicles Pvt. Ltd.</li>
<li>Jiangsu Xinri E-Vehicle Co. Ltd.</li>
<li>and Accell Group N.V.</li>
</ul>
<h2>Segmentation:</h2>
<h3><strong>Breakup by Vehicle Type:</strong></h3>
<ul>
<li>Electric Scooter/Moped</li>
<li>Electric Motorcycle</li>
</ul>
<h3><strong>Breakup by Battery Type:</strong></h3>
<ul>
<li>Lithium-Ion</li>
<li>Sealed Lead Acid (SLA)</li>
</ul>
<h3><strong>Breakup by Voltage Type:</strong></h3>
<ul>
<li>&lt;48V</li>
<li>48-60V</li>
<li>61-72V</li>
<li>73-96V</li>
<li>&gt;96V</li>
</ul>
<h3><strong>Breakup by Peak Power:</strong></h3>
<ul>
<li>&lt;3 kW</li>
<li>3-6 kW</li>
<li>7-10 kW</li>
<li>&gt;10 kW</li>
</ul>
<h3><strong>Breakup by Battery Technology:</strong></h3>
<ul>
<li>Removable</li>
<li>Non-Removable</li>
</ul>
<h3><strong>Breakup by Motor Placement:</strong></h3>
<ul>
<li>Hub Type</li>
<li>Chassis Mounted</li>
</ul>
<h2>Trends and Drivers</h2>
<p>The electric two-wheeler market is witnessing several trends and drivers that are expected to shape the industry's future. One of the most significant trends is the increasing demand for electric scooters and e-bikes in densely populated cities due to their ease of use and environmental benefits. Governments worldwide are also promoting the use of electric two-wheelers by offering tax incentives, subsidies, and other benefits to consumers.</p>
<p>Another major driver of the electric two-wheeler market is the increasing awareness of environmental issues and the need to reduce carbon emissions. Consumers are increasingly choosing electric two-wheelers over traditional gasoline-powered vehicles due to their lower carbon footprint and reduced environmental impact.</p>
<h2>Opportunities and Threats:</h2>
<p>The electric two-wheeler market presents several opportunities for industry players. One of the most significant opportunities is the increasing demand for electric two-wheelers in emerging economies, where the market is still relatively untapped. This presents a significant growth opportunity for industry players who can cater to the specific needs and preferences of consumers in these markets.</p>
<p>However, the electric two-wheeler market also faces several threats, including the high cost of batteries and the lack of charging infrastructure in many parts of the world. The market is also highly regulated, and companies must comply with various safety and environmental regulations, which can increase the cost of production and reduce profitability.</p>
<h2>Regulatory and Legal Issues:</h2>
<p>The electric two-wheeler market is subject to various regulatory and legal issues that can affect the industry's growth and profitability. In many countries, electric two-wheelers are subject to the same regulations as gasoline-powered vehicles, including licensing, registration, and insurance requirements. Governments worldwide are also implementing stricter emissions standards, which can increase the cost of production and reduce profitability for industry players.</p>
<h2>Demographics and Preferences:</h2>
<p>The electric two-wheeler market caters to a wide range of consumers, including commuters, students, and delivery personnel. The market is particularly popular among young adults and millennials, who are increasingly conscious of the environment and prefer more sustainable modes of transportation.</p>