Press release
Electric Two Wheelers Market on Track to Reach US$ 58.6 Bn by 2031 - Persistence Market Research
The global transportation landscape is undergoing a significant transformation, with electric mobility emerging as a pivotal component in the quest for sustainable and eco-friendly solutions. Electric two-wheelers, encompassing electric scooters, motorcycles, and bicycles, have gained substantial traction due to their environmental benefits and operational efficiencies. According to Persistence Market Research, the global electric two-wheelers market is projected to escalate from a valuation of US$ 19.6 billion in 2024 to US$ 58.6 billion by 2031, registering a compound annual growth rate (CAGR) of 11.6% during the forecast period.Get a Sample PDF Brochure of the Report (Use Corporate Email ID for a Quick Response): www.persistencemarketresearch.com/samples/33028
Market Dynamics
Environmental Concerns and Government Initiatives
The escalating awareness of environmental degradation and the imperative to reduce carbon emissions have been primary catalysts for the adoption of electric two-wheelers. Governments worldwide are implementing policies and subsidies to promote electric vehicle (EV) adoption, aiming to curtail reliance on fossil fuels and mitigate air pollution.
For instance, various countries offer financial incentives to consumers purchasing electric two-wheelers, thereby enhancing their affordability and appeal. In addition, stringent emission norms and policies supporting EV infrastructure development are expected to accelerate market expansion.
Technological Advancements and Cost Reduction
Continuous advancements in battery technology, particularly the development of lithium-ion batteries, have been instrumental in enhancing the performance and reducing the costs of electric two-wheelers. Lithium-ion batteries offer higher energy density, longer lifespan, and quicker charging times compared to traditional lead-acid batteries, making electric two-wheelers more efficient and user-friendly.
This technological progression has contributed to decreasing battery costs, making electric two-wheelers more cost-competitive with their gasoline-powered counterparts.
Urbanization and Traffic Congestion
Rapid urbanization has led to increased traffic congestion in metropolitan areas, prompting commuters to seek alternative transportation modes. Electric two-wheelers, with their compact size and agility, provide an effective solution for navigating congested urban environments.
Their ability to maneuver through traffic and occupy less parking space makes them a preferred choice for city dwellers, particularly for short-distance travel.
Market Segmentation
By Product Type
The electric two-wheelers market is segmented into electric scooters, electric motorcycles, and electric bicycles. Electric scooters are anticipated to dominate the market due to their widespread acceptance in urban areas for short-distance commuting. Their user-friendly design and cost-effectiveness contribute to their popularity.
By Battery Type
Based on battery type, the market is categorized into:
Lithium-ion batteries - Expected to witness substantial growth, attributed to superior energy density, lightweight nature, and longer lifespan.
Lead-based batteries - Declining usage due to lower efficiency and heavier weight compared to lithium-ion alternatives.
Nickel-metal hydride (NiMH) batteries - Limited adoption due to higher costs and shorter lifespan than lithium-ion.
By Technology
The market is bifurcated into:
Plug-in electric two-wheelers
Battery-operated electric two-wheelers
Plug-in electric two-wheelers are projected to experience a higher growth rate, with an estimated CAGR of 18.9% during the forecast period. Their advantage lies in the lower infrastructure costs compared to battery-swapping stations, making them a cost-effective option for consumers.
Regional Analysis
Asia-Pacific
The Asia-Pacific region, particularly India and China, is poised to lead the electric two-wheelers market.
India: The market is anticipated to witness a remarkable CAGR of 35%, driven by government incentives, increased environmental awareness, and urban congestion.
China: China dominates the market due to strong government policies, local manufacturing capabilities, and aggressive electrification strategies
North America
The United States is expected to dominate the North American electric two-wheelers market, with a projected CAGR of 18% from 2024 to 2031. Factors such as government incentives, improving charging infrastructure, and increasing consumer interest in sustainable transport will drive market expansion.
Europe
Europe is emerging as a significant market for electric two-wheelers, driven by strict emission regulations, subsidies, and a strong emphasis on sustainable mobility. Countries such as Germany, France, and the Netherlands have seen increased adoption of electric scooters and bicycles, supported by government incentives and well-developed cycling infrastructure.
Competitive Landscape
The electric two-wheelers market is highly competitive, with numerous global and regional players striving to enhance their market presence. Key strategies adopted by leading manufacturers include:
Product innovation - Developing models with extended range, improved battery life, and smart connectivity features.
Strategic partnerships - Collaborations with battery manufacturers, technology providers, and government agencies.
Expansion into emerging markets - Companies are focusing on penetrating new markets in developing economies where electric mobility is gaining traction.
Challenges and Opportunities
Challenges
Lack of Charging Infrastructure - Insufficient charging stations in certain regions pose a barrier to mass adoption.
Higher Initial Cost - Despite lower operational costs, electric two-wheelers have a higher upfront price, which may deter some consumers.
Battery Performance and Recycling Issues - Battery longevity and disposal concerns remain challenges for manufacturers and policymakers.
Opportunities
Battery Innovation - Advancements in solid-state batteries can significantly improve efficiency, durability, and charging speed.
Urban Mobility Solutions - Growing popularity of shared mobility services, including electric scooter-sharing programs, is driving demand.
Government Incentives - Increasing tax benefits and subsidies will further accelerate electric two-wheeler adoption.
Future Outlook
The electric two-wheelers market is expected to witness robust growth over the coming decade, fueled by:
Favorable government policies
Technological advancements in battery efficiency
Consumer preference for eco-friendly transportation
Expansion of charging infrastructure
With a CAGR of 11.6% and a forecasted market size of US$ 58.6 billion by 2031, the industry is well-positioned to revolutionize urban transportation and contribute to global sustainability goals.
Conclusion
The electric two-wheelers market is undergoing a transformational shift, driven by sustainability, technological advancements, and urban mobility trends. While challenges such as charging infrastructure and battery disposal persist, supportive government initiatives and innovation in battery technology are likely to propel market growth.
With increasing environmental consciousness and the global push toward decarbonization, electric two-wheelers will play a crucial role in shaping the future of transportation.
Explore the Latest Trending "Exclusive Article" @
• https://insightinnovators.wordpress.com/2025/03/05/silica-gel-market-trends-and-growth-forecast/
• https://hackmd.io/@ifI0088USW246Rx9PbLRMQ/SJNI-srsJx
• https://statisticalinsight.blogspot.com/2025/03/rising-demand-for-silica-gel-in.html
• https://www.quora.com/profile/Aishwarya-Nagur-1/The-Role-of-Silica-Gel-in-Food-Preservation-and-Safety-Food-preservation-is-a-crucial-aspect-of-ensuring-the-longevity
• https://vocal.media/stories/sustainability-in-the-silica-gel-market-eco-friendly-alternatives
• https://medium.com/@aishwaryanagur6/the-global-silica-gel-market-key-players-and-competitive-landscape-986a19413022
Contact Us:
Persistence Market Research
G04 Golden Mile House, Clayponds Lane
Brentford, London, TW8 0GU UK
USA Phone: +1 646-878-6329
UK Phone: +44 203-837-5656
Email: sales@persistencemarketresearch.com
Web: https://www.persistencemarketresearch.com
About Persistence Market Research:
At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 2012, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.
Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.
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 Wheelers Market on Track to Reach US$ 58.6 Bn by 2031 - Persistence Market Research here
News-ID: 3900593 • Views: …
More Releases from Persistence Market Research

Packaging Machinery Market to Surpass US$ 82.3 Bn by 2030 with Steady 4.7% CAGR …
➤Overview of the Market
According to the latest analysis by Persistence Market Research, the global packaging machinery market is projected to grow from US$ 59,737.4 million in 2023 to US$ 82,389.7 million by 2030, registering a CAGR of 4.7% during the forecast period. Rising consumer demand for packaged goods, automation, and technological upgrades in manufacturing are among the key forces transforming the industry landscape.
The packaging machinery market plays a vital role…

Packaging Tensioner Market Set to Reach US$ 13.3 Bn by 2030 with 3.8% CAGR - Per …
➤ Overview of the Market
According to Persistence Market Research, the global packaging tensioner market is projected to rise from US$ 10,237.5 million in 2023 to US$ 13,291.5 million by 2030, expanding at a CAGR of 3.8%. Packaging tensioners, essential for securing strapping around pallets, cartons, and bundled goods, are increasingly adopted across industries to ensure safe and efficient handling during transport. Growth is primarily driven by automation trends in packaging,…

Beverage Packaging Market to Surpass US$ 138.9 Bn by 2031 Driven by Sustainabili …
➤Overview of the Market
According to the latest study by Persistence Market Research, the global beverage packaging market is projected to grow at a CAGR of 4.1% from US$ 1,04,820.0 million in 2024 to US$ 1,38,867.1 million by 2031. Rising consumer preference for sustainable packaging, growing consumption of ready-to-drink products, and ongoing innovation in material science are major factors boosting the industry worldwide.
The beverage packaging industry plays a vital role in…

Actuators Device Market to Reach US$ 102.8 Bn by 2031 Fueled by 7% CAGR and Auto …
➤ Overview of the Market
The global actuators device market is poised for robust growth, projected to rise from US$ 67.7 Bn in 2024 to US$ 102.8 Bn by 2031 at a CAGR of 7%, according to Persistence Market Research. Rapid automation across industries, growing investment in industrial robotics, and expanding applications in aerospace, automotive, and medical devices are key catalysts for market acceleration.
The actuators device market encompasses mechanical systems that…
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…