Press release
E- Two Wheelers Market to Cross US$ 58.66 Bn Revenues by the end of 2032
E- Two Wheelers Market 2022
The global electric two wheelers market size is currently valued at close to US$ 19.66 Bn. Electric two wheeler sales are set to surge at a CAGR of around 11.6% from 2022 to 2032 to reach a Revenue of US$ 58.66 Bn by the end of 2032.
With increasing investments toward the development of infrastructure and population across several countries, electric two wheelers are also anticipated to witness a demand boom over the coming years. Long-range and-high performance electric scooters, motorcycles, and bicycles are being introduced in many countries, which is ultimately expected to benefit the market for electric two wheelers over the coming years.
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The need for carbon footprint reduction in the environment along with fuel-efficient bikes and enhanced user experience, is compelling manufacturers to increase their investments in production, which will bode well for market expansion going forward.
Key Companies-
• Hero Electric Vehicles Private Limited
• Gogoro Inc.
• GOVECS AG
• Vmoto Limited
• Honda Motor Co. Ltd.
• Terra Motors Corp.
• Bayerische Motoren Werke AG (BMW)
• Jiangsu Xinri E-Vehicle Co. Ltd.
• Piaggio & C. SpA
• Giant Manufacturing Co. Ltd.
• Accell Group
• Derby Cycle Holding GmbH
• Pedego Electric
• VOLT E BYK
• Energica Motor Co SpA
• Zero Motorcycles Inc.
• ECCITY Motorcycles
Complete Report Details@https://www.persistencemarketresearch.com/market-research/electric-two-wheelers-market.asp
Key Takeaways from Market Study
• Demand for electric bicycles is projected to increase at a CAGR of 11.5% from 2022 to 2032.
• Electric scooters are expected to hold the highest market share of 12.4% in terms of volume.
• By battery type, lithium-ion batteries are projected to enjoy a market share of more than 26.5% by 2032.
• By category, battery two wheelers are projected to be the leader with a market share of more than 83%.
• By region, East Asia is projected to hold the highest share in the global market accounting for more than 64.5%.
• The U.S. is projected to register the highest absolute $ opportunity of US$ 783.3 Mn from 2022 to 2032.
"Cost-effectiveness, low maintenance, and reduction in carbon footprint to remain main driving factors for sales of electric two wheelers," says a Persistence Market Research analyst.
Conclusion
Increasing monetary and non-monetary incentives are aiding the adoption of battery-powered two wheelers. Furthermore, the desire for sustainable urban mobility and modern transportation is driving the move from traditional to electric forms of transportation. Electric two wheelers are projected to increase energy security and enhance air quality.
The electric two wheelers market is likely to be fueled by technological advancements, partnerships, and mergers & acquisitions by leading industry competitors.
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Key Questions Answered in E- Two Wheelers Market Report -
• What is the size of the global electric two wheelers market?
• What is the predicted growth rate for electric two wheeler sales?
• Which are the most lucrative markets for electric two wheeler suppliers?
• Who are the top 5 electric two wheeler manufacturers?
• How is the electric two wheelers market shaping up in China?
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Global eVTOL aircraft market to expand at an impressive CAGR of more than 21% over the forecast period of 2021-2031.
Electric Bikes Market -https://www.persistencemarketresearch.com/market-research/electric-bikes-market.asp
Global electric vehicles market is projected to grow at an impressive CAGR of 15.6% in terms of revenue generated over the forecast period from 2016 to 2030.
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