Electric Two-Wheeler Market Size to Hit USD 114.3 Billion by 2033 | With a 11% CAGR

Global Electric Two-Wheeler Industry: Key Statistics and Insights in 2025-2033

Summary: 

● The global electric two-wheeler market size reached USD 44.5 Billion in 2024.
● The market is expected to reach USD 114.3 Billion by 2033, exhibiting a growth rate (CAGR) of 11% during 2025-2033.  
● 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 96V.
● On the basis of the peak power, the market has been divided into 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. 

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Industry Trends and Drivers:  

● Growing environmental awareness: 

Growing awareness among people about the impact of their transportation choices on the environment is driving the demand for electric vehicles (EVs). This is prompting people to seek sustainable alternatives to conventional gasoline-powered vehicles, contributing to market growth. Rising air pollution and climate change are catalyzing the demand for EVs as people are opting for eco-friendly options that reduce their carbon footprint. Aligned with the growing trend of conscious consumerism, electric two-wheelers are becoming popular due to low emissions and energy efficiency. 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 impacting the market as manufacturers are increasing battery efficiency and reducing charging times, which is making electric scooters and bikes more attractive to users. Lithium-ion batteries are becoming lighter and offer optimized energy density, helping to cover longer distances on a single charge. This development is reducing range anxiety, allowing riders to travel longer distances without worrying about running out of power. Moreover, the growing network of charging stations is facilitating a seamless transition to electric mobility, creating a more connected and sustainable urban transportation landscape. More riders are discovering the convenience and eco-friendliness of electric two-wheelers, aiding market growth.

● Rising urbanization and congestion: 

As cities become more populated, the demand for efficient and compact transportation solutions is also increasing. Electric two-wheelers are emerging as a practical response to this challenge, providing an agile and space-saving alternative to cars. Commuters are recognizing the convenience of navigating crowded streets and finding parking easily with electric scooters and bikes. Public transportation systems are often overwhelmed, prompting individuals to look for personal mobility options. This trend is driving the demand for electric two-wheelers, as they provide an efficient way to manage daily commutes while reducing the overall burden on urban infrastructure, thereby reducing city congestion.

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 Voltage Type:

● 96V

Based on the voltage type, the market has been classified into 96V.

Breakup By Peak Power:

● 10 kW

On the basis of the peak power, the market has been divided into 9 kW.

Breakup By Battery Technology:

● Removable
● Non-Removable

Non-removable battery technology dominates the market because it offers higher energy density and improved design efficiency.

Breakup By Motor Placement:  

● Hub Type
● Chassis Mounted

Based on the motor placement, the market has been bifurcated into hub type and chassis mounted.

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.

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.

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