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Electric Two-Wheeler Market 2023, Size, Opportunities, Growth and Forecast by 2028

11-09-2023 07:35 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

Electric Two-Wheeler Market 2023, Size, Opportunities, Growth

The latest report by IMARC Group, titled "Electric Two-Wheeler Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028". The global electric two-wheeler market size reached US$ 35.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 72.5 Billion by 2028, exhibiting a growth rate (CAGR) of 13.18% during 2023-2028.

Electric two-wheelers, commonly referred to as e-bikes or electric scooters, are an innovative mode of transportation powered by electricity. These vehicles have gained significant popularity in recent years as a sustainable and eco-friendly alternative to traditional gasoline-powered motorcycles and scooters. An electric two-wheeler typically consists of a battery-powered electric motor that provides propulsion, eliminating the need for traditional internal combustion engines. This eco-conscious approach reduces harmful emissions and offers a cost-effective and efficient means of personal transportation.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/electric-two-wheeler-market/requestsample

Electric Two-Wheeler Market Trends and Drivers:

The global electric two-wheeler market has been experiencing remarkable growth, driven by the increasing awareness of environmental concerns and the need to reduce carbon emissions. This environmental consciousness has spurred governments and regulatory bodies to offer incentives, subsidies, and tax benefits to promote the adoption of electric two-wheelers, making them a more attractive choice for commuters. In addition, the rising urbanization and congestion in major cities have led to a growing demand for compact and agile modes of transportation. Electric two-wheelers offer an ideal solution for navigating through traffic, as they are smaller and more maneuverable than conventional automobiles. Moreover, technological advancements in battery technology and electric motor efficiency have significantly improved the range and performance of electric two-wheelers. Lithium-ion batteries have become the standard for electric vehicle power sources due to their higher energy density and longer lifespan. This has translated into longer riding distances and reduced charging times, enhancing the overall appeal of electric two-wheelers. Furthermore, the global electric two-wheeler market is witnessing a surge in innovation, with manufacturers investing in the development of smart and connected e-bikes. These vehicles are equipped with features such as GPS navigation, smartphone integration, and real-time diagnostics, enhancing the user experience and safety. Additionally, businesses are recognizing the cost-saving potential of electric two-wheelers for their logistics and delivery operations. Electric delivery scooters, for instance, offer significant fuel savings and lower operational costs, making them an economically viable choice for companies engaged in e-commerce and food delivery services.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

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

Explore full report with table of contents: https://www.imarcgroup.com/electric-two-wheeler-market

The report has segmented the market on the basis of Product Type, End-User and Region.

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

Market Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Contact US

IMARC Group

Email: sales@imarcgroup.com

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Address: 134 N 4th St. Brooklyn, NY 11249, USA

Follow us on Twitter: @imarcglobal

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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