Electric Two-Wheeler Market Size & Share - Industry Trend and Forecast 2017 - 2025

Research Report on "Electric Two-Wheeler Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025".

The main objective of this report is to define, describe, and forecast the global “Electric Two-Wheeler” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.

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Electric two wheelers are increasing becoming popular in important urban transport in various regions of the globe. It ranges from electric bicycle to electric scooters and electric motorcycles. These vehicles are light weight and can maneuver easily through congested streets. These vehicles can be charged easily with the electrical outlet and often have a removable or replaceable battery which also provide the convenience of charging indoors.

Increasing demand for favorable regulatory climate in interest of regulating the pollution and environmental conservation is expected to drive the electric two wheeler demand over the forecast period. The existence of stringent regulatory norms has supported the adoption of clean energy by improving the air quality and reducing the green-house gas emissions thereby reducing the dependence on the crude oil. Government across the globe are focusing towards providing subsidies and incentives to the OEMs and customers in order to lower the electric two wheelers deployment barriers.

However, the electric two wheeler industry is expected to hinder by numerous factors such as lack of infrastructure for vehicle charging and deprived performance of the electric vehicles. High costs associated with the battery prices of Lithium, and nickel–metal hydride (NiMH) is also expected to hamper the industry over the forecast period. Moreover, the disposal issues and weight of the sealed lead acid (SLA) batteries pose as a potential challenge for the manufacturers and OEMs in the adoption of two wheelers.

The electric two wheeler industry can be segmented by type into electric bicycle, electric scooter and electric motorcycles. Electric motorcycles are currently in the introduction phase and are cost comparatively highest as compared to electric scooters and bicycles owing to higher output electric motor and batteries. OEMs are focusing on cutting down the motor costs and improving the performance in order to increase the vehicle efficiency. For instance, in 2015, Brammo Electric Motor Cycles and Zero Electric Motor Cycles have upgraded their product portfolio of electric motorcycles while cutting down the selling prices of all their electric models.

Asia Pacific accounted for almost 90%-92% of the electric two wheelers market. China is the major revenue contributing country in this region. The electric vehicles growth in China is notably spurred by the central government policies. The easy classification of electric bicycle and elimination of licensing and registration need has qualified electric two wheelers to be the best transport option. Most of the cities in China has restricted the use and ownership of the gasoline vehicles in the urban areas.

India is expected to be the next emerging region for electric two wheelers following China. These vehicles are set to outpace the four-wheelers in all-electric mobility drive as all the top manufacturers has lined up their products and are set to be sold to the consumers from 2018. According to Society of Manufacturers of Electric Vehicles (SMEV), the sale of electric two wheelers is expected to outpace the electric car sales. Furthermore, performance of the vehicles have been improved with the costs of Li-ion batteries coming down. The Indian government has targeted to transition the country entirely to the electric vehicles by 2030. In interest of same, many Indian two-wheeler manufacturers such as TVS Motor, Hero MotoCorp, Honda Motorcycle & Scooter India, Bajaj Auto and Yamaha have scheduled the launches of their products from 2018.

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The global electric two wheelers market is highly fragmented with majority of the competitors from China are gaining revenue. Constant innovations in new product launches and the partnerships categorize the industry structure. Companies are heavily investing in Research & Development (R&D) of two wheelers to lower the production costs and improve the vehicle performance. Most of the OEMs and suppliers are adopting a combination of indirect and direct distribution channel for attracting more customers and gain control over the distribution costs.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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