Press release
Electric Two-Wheeler Market Size to Reach US$ 66.1 Billion by 2027 - IMARC Group
What are the growth prospects of the Electric Two-Wheeler industry?
The global electric two-wheeler market reached a value of US$ 31.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 66.1 Billion by 2027, exhibiting at a CAGR of 13.5% during 2022-2027.
What is a Electric Two-Wheeler?
Electric two-wheeler comprises motorcycles, mopeds, and scooters that are lightweight and self-operating automobiles powered by an integrated electric motor and a rechargeable battery. It is utilized by individuals for covering short distances in a versatile manner as it assists in efficient maneuvering through congested roads. It is versatile, portable, durable, cost-effective, fuel-efficient, and an eco-friendly alternative to other modes of transportation. As a result, electric two-wheeler vehicle is gaining traction in the automotive industry across the globe.
Impact of COVID-19:
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.
Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/electric-two-wheeler-market/requestsample
What are the major market drivers in the Electric Two-Wheeler Market?
At present, increasing sales of electric two-wheeler vehicles like e-bikes on account of rapid urbanization and inflating income levels of individuals represent one of the major factors strengthening the market growth around the world. Moreover, due to rising environmental concerns, governing agencies of numerous countries are implementing regulations to encourage the use of electric two-wheeler vehicles and reduce the carbon footprint, which is favoring the market growth. The inflating prices of petrol and the growing demand for fuel-efficient and high-performance vehicles are also influencing the market positively. There is a rise in the awareness about the economic and ecological benefits of adopting EVs, which is contributing to the market growth. In addition, the expanding number of EV charging stations is driving the sales of electric two-wheeler vehicles across the globe. Along with this, the integration of the Internet of Things (IoT) in electric charging station systems to assist users in locating the nearby charging stations and availabile vacant spots and schedule convenient slots for fill-ups is also providing a thrust to the market growth.
Apart from this, the increasing adoption of electric two-wheelers by logistics enterprises to offer quick and convenient postal and delivery services and the thriving e-commerce industry is creating a positive outlook for the market. Furthermore, key players are introducing mobile applications to help track fitness and deliver information in real time on smartphones. They are also offering tax rebates and subsidies upon purchasing two-wheeler electric vehicles. This, coupled with increasing investments in promotional activities, including celebrity endorsements by leading manufacturers to improve the existing sales and profitability, is offering lucrative growth opportunities. Besides this, the rising adoption of modular and compact chassis systems in the electric two-wheeler vehicles is bolstering the growth of the market. Additionally, leading players are extensively financing research and development (R&D) activities to launch advanced two-wheeler EVs, which are anticipated to propel the growth of the market in the coming years.
Read Full Report with Table of Contents: https://www.imarcgroup.com/electric-two-wheeler-market
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Vehicle Type:
Electric Scooter/Moped
Electric Motorcycle
Breakup by Battery Type:
Lithium-Ion
Sealed Lead Acid (SLA)
Breakup by Voltage Type:
96V
Breakup by Peak Power:
10 kW
Breakup by Battery Technology:
Removable
Non-Removable
Breakup by Motor Placement:
Hub Type
Chassis Mounted
By Geography:
North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
List of Major Key Players:
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
Key Highlights of the Report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape
Inquire before buying: https://www.imarcgroup.com/request?type=report&id=2215&flag=F
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Other Trending Report by IMARC Group:
Car Rack Market: https://www.imarcgroup.com/car-rack-market
Automotive Infotainment Market: https://www.imarcgroup.com/automotive-infotainment-market
Autonomous Vehicle Market: https://www.imarcgroup.com/autonomous-vehicle-market
Hybrid Electric Vehicle Market: https://www.imarcgroup.com/hybrid-electric-vehicle-market
Automotive Lead Acid Battery Market: https://www.imarcgroup.com/automotive-lead-acid-battery-market
Autonomous Bus Door System Market: https://www.imarcgroup.com/autonomous-bus-door-system-market
Rear Spoiler Market: https://www.imarcgroup.com/rear-spoiler-market
Contact Us:
IMARC Services Private Limited
30 N Gould St Ste R
Sheridan, WY 82801 USA - Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company's expertise.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Electric Two-Wheeler Market Size to Reach US$ 66.1 Billion by 2027 - IMARC Group here
News-ID: 2828376 • Views: …
More Releases from IMARC Group
Indonesia Lubricants Market Size, Share, Trends, Growth Insights, Forecast Repor …
As indicated in the latest market research report published by IMARC Group, titled "Indonesia Lubricants Market Report by Product Type (Engine Oils, Greases, Hydraulic Fluids, Metalworking Fluids, Transmission and Gear Oils, and Others), End User (Automotive, Heavy Equipment, Metallurgy and Metalworking, Power Generation, and Others), and Region 2025-2033," this report provides an in-depth analysis of the industry, featuring insights into the market. It encompasses competitor and regional analyses, as well…
Bamboo Fiber Manufacturing Plant Cost 2025: Layout, Machinery, Raw Materials, an …
Bamboo fiber is a natural, eco-friendly textile material extracted from bamboo pulp through mechanical or chemical processing. Known for its softness, breathability, and antibacterial properties, it serves as a sustainable alternative to cotton and synthetic fibers. Bamboo fiber is widely used in textiles, home furnishings, hygiene products, and industrial applications. Its natural moisture absorption and biodegradability make it highly desirable for environmentally conscious consumers and industries seeking renewable raw materials…
Indonesia Lubricants Market Size, Share, Trends, Growth Insights, Forecast Repor …
As indicated in the latest market research report published by IMARC Group, titled "Indonesia Lubricants Market Report by Product Type (Engine Oils, Greases, Hydraulic Fluids, Metalworking Fluids, Transmission and Gear Oils, and Others), End User (Automotive, Heavy Equipment, Metallurgy and Metalworking, Power Generation, and Others), and Region 2025-2033," this report provides an in-depth analysis of the industry, featuring insights into the market. It encompasses competitor and regional analyses, as well…
Indonesia Coal Market Size, Share, Growth Insights, Trends Analysis & Report 202 …
As indicated in the latest market research report published by IMARC Group, titled "Indonesia Coal Market Report by Application (Electricity, Iron and Steel Industry, Others), Region (Java, Sumatra, Kalimantan, Sulawesi, Others) 2025-2033," this report provides an in-depth analysis of the industry, featuring insights into the market. It encompasses competitor and regional analyses, as well as recent advancements in the market.
Market Size & Future Growth Potential:
The Indonesia coal market size reached…
More Releases for Electric
Electrical Isolators Market 2023: Mitsubishi Electric, Orient Electric, Schneide …
The Electrical Isolators Market size (volume and value) and industry chain structure published by The Insight Partners through its high quality database which is a valuable source of guidance and direction for companies and individual interested in the industry.
An electrical isolator is a material in which electric current does not flow freely. The atoms of the insulator have tightly bound electrons which cannot readily move. Other materials, semiconductors and conductors…
Electric Motors for Electric Vehicle Market by Manufacturers: Hitachi Automotive …
Electric Motors for Electric Vehicle Market research report analyzes and studies the Electric Motors for Electric Vehicle Market's production, value, financial status, and capacity. It also provides information about market share and development plans during the projected period. Moreover, the Electric Motors for Electric Vehicle Market research report provides data about key manufacturers and focuses on the market competition landscape by analyzing the market by application, product type, and region.
Click…
Thermal Overload Relay Market 2021 Precise Outlook - ABB, Schneider Electric, Ea …
Global Thermal Overload Relay Market Size, Status and Forecast 2021
The Global Thermal Overload Relay Market report offers in-depth information and comprehensive analysis of the market. It provides a complete overview of the market with detailed insights on key aspects including the current market situation, potential size, volume, and dynamics of the market. This research report makes a thorough assessment of the COVID-19 pandemic and its impact on the current market…
Global Electric Motors for Electric Vehicles Market 2025 | MAHLE GmbH, Protean E …
Researchmoz added Most up-to-date research on "Global Electric Motors for Electric Vehicles Market Insights, Forecast to 2025" to its huge collection of research reports.
This report presents the worldwide Electric Motors for Electric Vehicles market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities…
Yokogawa Electric, General Electric Profiled in Smart Factory Solutions Market 2 …
Global Smart Factory Solutions Market which focuses on effective strategies of the business framework. It highlights the recent market trends stringent energy regulations and growing pressure to conform to energy efficiency. The research methods and tools used to analyze the studies are both primary and secondary research.
This market research report on analyzes the growth prospects for the key vendors operating in this market space including Siemens, ABB, Honeywell International, Yokogawa…
Global Quartz Heat Lamps Market 2017 : Indu Electric Gerber, Schneider Electric, …
The Market Research Store report offers majority of the latest and newest industry data that covers the overall market situation along with future prospects for Quartz Heat Lamps market around the globe. The research study includes significant data and also forecasts of the global market which makes the research report a helpful resource for marketing people, analysts, industry executives, consultants, sales and product managers, and other people who are in…
