Electric Two Wheeler Market Growth To Increase At Highest CAGR From 2018 To 2023 - Global Industry Analysis By Key Players Vmoto Limited, Jiangsu Xinri E-Vehicle, YO bykes, Ampere Vehicles, Hybike, Hero Electric, And Zero Motorcycles

Electric Two Wheeler Market 2018 Global Industry Forecast To 2023 Report, provides comprehensive information on Global Electric Two Wheeler Market Size, Share, Growth, Sales, Trends, And Regional Forecast To 2023. The global Electric Two Wheeler market is projected to witness a highest compound annual growth rate from 2018 to 2023. Report segments Electric Two Wheeler Industry on the basis of Type (Electric Motorcycles and Electric Scooters), Battery Type (Sealed lead Acid, Li-ion, and Others), Voltage (36V, 24V, 48V, More than 48V) and Region.

Electric Two Wheeler Industry Key Companies Analyzed In Report Are:

Vmoto Limited (Australia), Jiangsu Xinri E-Vehicle Co., Ltd. (China), YO bykes (India), F-wheel DYU (ChinaRobstep (China), Zero Motorcycles Inc. (U.S.), Hero Electric (India), Ampere Vehicles Private Ltd. (India), Yadea Tech. Group Co., Ltd. (China), and, ), Hybike (China), among others. The strategies developed and employed by the prominent players for strengthening their footholds in the market are product development, technological advancements, competitive pricing, mergers & acquisitions, etc.

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Electric Two Wheeler Industry Overview:

The technological advancements introduced in the automobile industry has paved the way for the e-vehicles market which has intensified the market growth for electric two wheelers. According to the latest report published by Market Research Future (MRFR), the global electric two wheeler market is poised to grow moderately throughout the forecast period 2017 to 2023.

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.

By type, the global electric two wheeler market has been segmented into electric scooters and electric motorcycles. The electric scooter segment held the most significant market share in 2016 due to its high demand in developing economies such as India, China, etc.

By battery type, the global market for electric two wheeler is segmented into sealed lead acid, Lithium-ion (Li-ion), and, others. Although sealed lead acid segment exhibited robust growth in the past due to low cost, but, overheating and bulkiness have led to a shift towards the adoption of Li-ion batteries. The Li-ion segment holds immense potential for growth over the next few years.

By voltage, the market is segment into 36V, 24V, 48V, and, more than 48V. The 48V and more than 48V segments are expected to garner more market share over the forecast period as high voltage levels of batteries open avenues for cost-effective hybridization of vehicles.

On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific accounted for the largest share in 2017, owing to the regional growth in vehicle charging infrastructure in emerging countries such as China and Taiwan,. On the other hand, the electric vehicles industry in India is still at a nascent stage. Electric vehicles account for less than 1% of the total vehicle sales. However, they have a potential to grow to more than 5% in few years. At present, there are more than 400,000 electric two-wheelers on Indian roads, among which, more than 95% of electric vehicles are low-speed electric scooters, with a speed of less than 25km/hr. 

However, North America is expected to emerge as a prominent region over the forecast period, U.S. having a large number of early adopters of these vehicles due to various major manufacturers, such as Mahindra GenZe entering the market.

Table Of Contents

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Threat Of Substitutes

3.1.4 Segment Rivalry

3.1.5 Bargaining Power Of Buyers

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends

Continued…

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This release was published on openPR.