According to the latest report by IMARC Group titled, “Electric Two-Wheeler Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global electric two-wheeler market grew at a CAGR of nearly 10% during 2014-2019.
Electric two-wheelers include motorcycles, scooters, bicycles, or mopeds that operate on battery-based electronic motors. They are light weight vehicles that consist of removable or replaceable batteries, which can be charged easily with electrical outlets.
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Market Trends
The global electric two-wheeler market is primarily driven by the growing awareness among consumers about various economic and ecological benefits of electric vehicles. Electric two-wheelers have gained immense popularity as an eco-friendly alternative to gasoline-powered vehicles for both regular commute and recreational activities. Besides this, the increasing pollution levels from fuel-based automobiles have encouraged the governments of various countries to implement stringent regulatory norms to adopt clean energy as an alternative to crude oil dependence. As a result, there has been a heightened demand for electric two-wheelers, which help reduce greenhouse gas emissions. Furthermore, a significant increase in the fuel rates and depleting fossil fuels resources, like petrol and diesel, have also boosted the sales of electric two-wheelers. Looking forward, the market is expected to continue its moderate growth during the next five years.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/electric-two-wheeler-market
Insights on Market Segmentation:
Market Breakup by Vehicle Type:
Electric Scooter/Moped
Electric Motorcycle
Market Breakup by Battery Type:
Lithium-Ion
Sealed Lead Acid (SLA)
Market Breakup by Voltage Type:
<48V
48-60V
61-72V
73-96V
>96V
Market Breakup by Peak Power:
<3 kW
3-6 kW
7-10 kW
>10 kW
Market Breakup by Battery Technology:
Removable
Non-Removable
Market Breakup by Motor Placement:
Hub Type
Chassis Mounted
Market Breakup by Region:
Asia Pacific
Europe
North America
Latin America
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being AIMA Technology Co. Ltd., Ampere Vehicles Pvt. Ltd., BMW AG, Energica Motor Company S.p.A., GOVECS AG, Hero Electric Vehicles Pvt. Ltd., Mahindra GenZe, Terra Motors Corporation, Vmoto Limited, Yadea Technology Group Co. Ltd., and Zero Motorcycles, Inc.
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