Electric Two-Wheeler Market Predicted to Exceed USD 109.5 Billion by 2032, Rising At A CAGR Of 11.5%

Global Electric Two-Wheeler Industry  : Key Statistics and Insights in 2024-2032

Summary: 

● The global electric two-wheeler market size reached USD 39.9 Billion in 2023. 
● The market is expected to reach USD 109.5 Billion by 2032, exhibiting a growth rate (CAGR) of 11.5% during 2024-2032. 
● Asia-Pacific leads the market, accounting for the largest electric two-wheeler market share. 
● Electric scooter/moped accounts for the majority of the market share in the vehicle type segment due to its versatility and suitability for short commutes.
● On the basis of the battery type, the market has been divided into lithium-ion and sealed lead acid (SLA).
● Based on the voltage type, the market has been classified into 48V, 48V-60V, 61V-72V, 73V-96V, and 96V.
● On the basis of the peak power, the market has been divided into 3 Kw, 3 kW-6 kW, 6 kW-9 kW, and 9 kW.
● Non-removable accounts for the majority of the market share in the battery technology segment owing to the enhanced safety and design efficiency it offers.  
● Based on the motor placement, the market has been bifurcated into hub type and chassis mounted.
● The rising awareness among the masses about environment is a primary driver of the electric two-wheeler market. 
● Innovations in battery technology and the growing trends of urbanization and congestion are reshaping the electric two-wheeler market. 

Grab a sample PDF of this report: https://www.imarcgroup.com/electric-two-wheeler-market/requestsample

Industry Trends and Drivers: 

● Growing environmental awareness:

The increasing awareness among the public about the impact of their transportation choices on the environment is driving the demand for electric vehicles (EVs). This is prompting individuals to seek sustainable alternatives to traditional gasoline-powered vehicles, contributing to market growth. Rising air pollution and climate change are boosting the demand for EVs as people choose eco-friendly options that reduce their carbon footprint. Electric two-wheelers are gaining traction due to their lower emissions and energy efficiency, aligning with the trend of conscious consumerism. Manufacturers are responding to this demand by developing innovative electric models that meet environmental standards.

● Advancements in battery technology: 

Innovations in battery technology are positively influencing the market as manufacturers enhance battery efficiency and reduce charging times, making electric scooters and bikes more appealing to users. Lithium-ion batteries are becoming lighter and offer optimized energy density, enabling longer ranges on a single charge. This development eases concerns about range anxiety, allowing riders to travel farther without worrying about running out of power. In addition, the growing network of charging stations makes the transition to electric mobility smoother, creating a more connected and sustainable urban transportation system. More riders are discovering the convenience and eco-friendliness of electric two-wheelers, supporting market growth.

● Rising urbanization and congestion:

As cities grow more populated, the demand for efficient and compact transportation solutions is rising. Electric two-wheelers are emerging as a practical response to this challenge, offering an agile and space-saving alternative to cars. Commuters recognize the convenience of navigating crowded streets and finding parking easily with electric scooters and bikes. Public transportation systems often feel overwhelmed, motivating individuals to seek personal mobility options. This trend drives the demand for electric two-wheelers, as they provide an efficient way to manage daily commutes while reducing the overall burden on urban infrastructure, leading to less congested cityscapes.

Buy Full Report: https://www.imarcgroup.com/checkout?id=2215&method=502

Electric Two-Wheeler Market Report Segmentation:

Breakup By Vehicle Type:

● Electric Scooter/Moped
● Electric Motorcycle

Electric scooter/ moped represents the largest segment of the electric two-wheeler market due to its affordability, ease of use, and popularity among commuters seeking efficient transportation solutions.

Breakup By Battery Type:

● Lithium-Ion
● Sealed Lead Acid (SLA)

On the basis of the battery type, the market has been divided into lithium-ion and sealed lead acid (SLA).

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

Asia-Pacific region enjoys the leading position in the electric two-wheeler market, which can be attributed to rapid urbanization and a growing individual base focused on eco-friendly transportation options.

Ask Analyst for Sample Report: https://www.imarcgroup.com/request?type=report&id=2215&flag=C

Top Electric Two-Wheeler Market Leaders:

The electric two-wheeler market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:

● 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.
● Zero Motorcycles, Inc.

Note: If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

Trending Reports By IMARC Group:

Eye Health Supplements Market: https://www.einpresswire.com/article/723008858/eye-health-supplements-market-current-scenario-and-growth-prospects-to-2024-2032

Automotive Lead-Acid Battery Market: https://www.einpresswire.com/article/723323610/automotive-lead-acid-battery-market-size-cross-to-revenue-usd-16-3-billion-by-2032-cagr-of-2-2

Bunker Fuel Market: https://www.einpresswire.com/article/723321767/bunker-fuel-market-size-to-reach-us-258-9-billion-by-2032-at-a-growth-rate-of-cagr-5-3-imarc-group

Pickup Truck Market: https://www.einpresswire.com/article/724261071/pickup-truck-market-size-to-reach-us-256-0-billion-by-2032-at-a-growth-rate-of-cagr-2-27-imarc-group

Contact Us:

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145

About Us:

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

This release was published on openPR.