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.
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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.
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