Electric Two Wheelers Market 2018 Global Industry Forecast To 2023 - By Size, Share, Sales, Trends, And Region

Electric Two Wheelers Market 2018 Global Industry Analysis To 2023, is new research report published by “Market Research Future”. Global Electric Two-Wheeler Industry 2018 Global Market report provides comprehensive information on the Electric Two Wheelers Market size, share, trends, growth forecast as well as current scenario, historic data, with business development strategies, key company insights And regional analysis to 2023.

Electric Two Wheelers Market Key Players Analyzed in Report Are:

Ampere Vehicles Private Ltd. (India). YO bykes (India), Yadea Tech. Group Co., Ltd. (China), F-wheel DYU (China), Hybike (China), Robstep (China), and Zero Motorcycles Inc. (U.S.), Vmoto Limited (Australia), Hero Electric (India), Jiangsu Xinri E-Vehicle Co.,Ltd. (China).

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Electric Two Wheelers Market Insights:

Electric two-wheelers are plug-in electric vehicles powered by electricity stored on board in a rechargeable battery used for driving of one or more electric motors. Electric two-wheelers have lower operating costs compared to the conventional ICE vehicles with performance alike. Also, these vehicles also help in saving costs related to fuel, spark plug change, and oil filter replacements coupled with their minimalistic design characteristics have resulted in low maintenance costs.

The dire need for curbing carbon emissions has fueled the market expansion for electric two wheelers. The initiatives undertaken by the governments to reduce carbon footprint across the globe is the key driver of market growth. Other factors favoring the market expansion are low maintenance cost, cost saving related to fuel, etc. The governments in many countries are promoting the embracement of electric two wheelers by imposing a tax on fuel vehicles, framing strict emission laws, subsidizing electric two wheelers, etc. which has catapulted the revenue generation of the market.  The innovations in battery industry are estimated to accelerate electronic two-wheeler market over the next couple of years.

With the declining battery costs, new government targets for the introduction of e-mobility, and decent growth in renewable sector, manufacturers are focusing on product development with technological advancements in place. Owing to high purchasing power of consumers, sales of conventional two-wheelers running on fossil fuel powered engines has grown manifold. However, the governments of many countries are trying to bring down the pollution level by enforcing stricter emission norms, levying extra tax on the purchase of automobiles and providing special concession or subsidies for the purchase of electric two-wheelers. Thus, the governments are helping the growth of electric two-wheelers by offering special incentives to the manufacturers. For instance, in a country like China, the government offers a subsidy of close to US$ 600 to US$ 1,000 to every customer who purchases an electric two-wheeler. This incentive provided depends upon the size of the battery capacity, which powers the electric two-wheeler purchased.

Detailed Regional Outlook:

By region, the global electric two wheeler market is segmented into North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific market accounted for the largest share in 2017 due to shift towards e-vehicles in emerging economies such as China, and, Taiwan. China will be the primary contributor of revenue in the region owing to the government initiatives undertaken in the region that has catapulted adoption of electric two wheelers. China is facing high premature mortality rate due to air pollution and for controlling the same, the government is promoting the adoption of electric cars which has fueled the market growth for electric two wheeler in the Asia Pacific market. The market for electric two wheelers in India is at a nascent stage. Presently, there are more than 400,000 electric two-wheelers on Indian roads, 95% of which are low-speed electric scooters having a speed limit of less than 25km/hr.

The market in North America is poised to exhibit an upward shift due to the early adoption of the technology in the region. Europe market will also grow throughout the projection period due to the concentration of major players and the growth strategies employed by them in the region. The Rest of the World segment will witness steady growth due to the limited market penetration in the region.

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List Of Figures:

FIURE 1 RESEARCH PROCESS OF MRFR

FIGURE 2 TOP DOWN & BOTTOM UP APPROACH

FIGURE 3 MARKET DYNAMICS

FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS

FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS

FIGURE 6 PORTER'S FIVE FORCES ANALYSIS

FIGURE 7 VALUE CHAIN ANALYSIS

FIGURE 8 GLOBAL ELECTRIC TWO WHEELERS MARKET SHARE, BY TYPE, 2016 (%)

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