Press release
Electric Powered Two-Wheelers Market to Hit USD 71.84 Billion by 2034
Electric Powered Two-Wheelers
According to Exactitude Consultancy, the Global Electric Powered Two-Wheelers Market was valued at USD 24.75 billion in 2024 and is projected to reach USD 71.84 billion by 2034, growing at a CAGR of 11.2% from 2024 to 2034.
Download Full PDF Sample Copy of Market Report @ https://exactitudeconsultancy.com/request-sample/69503
Key Market Insights:
• Driven by rising environmental awareness, government incentives, and urban micromobility trends.
• EPTWs offer significant cost savings over gasoline vehicles, with lower maintenance and running costs.
• Demand surging across Asia-Pacific, Europe, and Latin America, especially among daily commuters, delivery fleets, and ride-share users.
• Technological improvements in battery efficiency, charging infrastructure, and smart connectivity are unlocking new growth opportunities.
Major Players:
• Yadea Group Holdings Ltd.
• Hero Electric
• Gogoro Inc.
• Ather Energy
• TVS Motor Company
• NIU Technologies
• Honda Motor Co., Ltd.
• Bajaj Auto
• Revolt Motors
• Vmoto Soco Group
Segmentation Analysis
By Vehicle Type:
• Electric Scooters
• Electric Motorcycles
• Electric Mopeds
• Electric Bicycles (e-bikes)
By Battery Type:
• Lithium-Ion
• Lead Acid
• Others (Solid State, Nickel Metal Hydride)
By Motor Type:
• Hub Motor
• Mid-Drive Motor
• Chain-Drive Motor
By Technology:
• Plug-in
• Battery Swapping
By End User:
• Personal Use
• Commercial (Delivery, Ride-hailing)
• Government/Public
Segmentation Summary:
Electric scooters dominate the EPTW market, especially in emerging economies where affordability and ease of use are paramount. Lithium-ion batteries lead the battery segment due to their superior weight-to-performance ratio. In terms of motor type, hub motors are widely adopted for their low maintenance and efficiency. Battery swapping, pioneered by companies like Gogoro, is gaining traction in densely populated cities with high utilization rates.
Explore Full Report here: https://exactitudeconsultancy.com/reports/69503/electric-powered-two-wheelers-market
Regional Analysis
Asia-Pacific:
• Largest and fastest-growing market, led by China, India, Vietnam, and Indonesia.
• China dominates global production and consumption, with a mature e-bike ecosystem and established battery supply chains.
• India witnessing explosive growth due to FAME II subsidies, startup innovation, and growing urban youth demand.
• Governments across ASEAN are promoting e-mobility policies and infrastructure.
Europe:
• Strong demand from eco-conscious consumers and delivery operators.
• High sales in Germany, Netherlands, France, and the Nordics driven by EV incentives, congestion charges, and green city plans.
• Popularity of e-bikes for urban commuting and recreation.
North America:
• Slower uptake than APAC and Europe but rapidly improving.
• Cities like New York, San Francisco, and Toronto seeing increased e-bike and e-scooter penetration.
• Growing adoption for last-mile logistics and food delivery services.
Latin America:
• Brazil, Colombia, and Mexico showing strong potential due to high motorcycle dependency and rising fuel costs.
• Incentives for low-income electric vehicle adoption and local manufacturing capacity expanding.
Middle East & Africa:
• Emerging markets, especially in urban hubs like Dubai, Cairo, and Cape Town.
• E-scooters increasingly popular for last-mile transport and rental fleets.
Regional Summary:
Asia-Pacific leads both in volume and innovation, while Europe drives policy-led adoption and North America is catching up fast due to rising environmental awareness and gig economy expansion.
Market Dynamics
Key Growth Drivers:
• Government subsidies and EV policies, such as tax rebates, registration waivers, and scrappage schemes.
• Surging demand for cost-effective, zero-emission personal transportation in traffic-heavy cities.
• Growth in food delivery and e-commerce logistics, fueling demand for electric fleets.
• Advancements in battery range, charging time, and modular designs.
• Rising awareness about climate change and personal carbon footprint reduction.
Key Challenges:
• High upfront cost compared to petrol vehicles in some regions.
• Lack of charging infrastructure and standardization.
• Consumer skepticism around range anxiety, battery lifespan, and reliability.
• Supply chain volatility and raw material dependency (e.g., lithium, cobalt).
Latest Trends:
• Growth of connected EPTWs with features like GPS, theft detection, remote diagnostics.
• Integration with solar charging, IoT platforms, and smartphone apps.
• Subscription-based e-mobility and lease-to-own programs for affordability.
• Battery-as-a-Service (BaaS) gaining momentum in Southeast Asia.
• Major automakers entering the market with EV-specific two-wheeler brands and concepts.
Get Your Exclusive Offer with up to 10% Discount : https://exactitudeconsultancy.com/checkout/?currency=USD&type=single_user_license&report_id=69503
Competitive Landscape
Key Companies & Strategies:
• Yadea - World's largest electric two-wheeler brand with global expansion plans and smart battery integration.
• Hero Electric - Leading Indian manufacturer, rapidly scaling dealer networks and e-commerce presence.
• Gogoro - Pioneer of battery-swapping networks in Taiwan and now expanding in India and Indonesia.
• Ather Energy - India-based premium e-scooter brand focused on performance and connectivity.
• NIU Technologies - Offers high-tech, app-connected scooters across global markets including Europe and North America.
• TVS & Bajaj - Traditional OEMs transitioning into electric models to compete with new-age players.
Competitive Summary:
The market is highly dynamic, with a mix of legacy manufacturers, startups, and mobility-as-a-service providers. Key success factors include range innovation, pricing strategies, charging access, and software integration. As competition intensifies, partnerships for charging networks, local manufacturing, and EV financing options are becoming differentiators.
Conclusion
The Electric Powered Two-Wheelers Market is on an electrifying trajectory, reshaping the way people commute, deliver, and connect in a sustainable manner. As governments push for decarbonized transport and consumers seek smarter urban mobility, EPTWs are emerging as the go-to solution for daily convenience and environmental responsibility.
Key Takeaways:
• Market to grow from USD 24.75 billion in 2024 to USD 71.84 billion by 2034.
• Strong CAGR of 11.2%, driven by affordability, efficiency, and eco-regulations.
• E-scooters and lithium-ion battery models dominate, with rising adoption of swappable and connected tech.
• Asia-Pacific leads in growth and production, while Europe focuses on sustainability, and North America accelerates logistics adoption.
• The future of EPTWs lies in smart infrastructure, digital mobility ecosystems, and consumer-first design.
As cities aim to build greener, smarter futures, electric two-wheelers will be the frontline warriors of the global clean mobility revolution.
This report is also available in the following languages : Japanese (電動二輪車市場), Korean (전기 구동 이륜차 시장), Chinese (电动两轮车市场), French (Marché des deux-roues électriques), German (Markt für elektrisch betriebene Zweiräder), and Italian (Mercato dei veicoli a due ruote elettrici), etc.
Request for a sample of this research report at (Use Corporate Mail ID for Quick Response) @ https://exactitudeconsultancy.com/reports/69503/electric-powered-two-wheelers-market#request-a-sample
Our More Reports:
Robot Controllers Market
https://exactitudeconsultancy.com/reports/69540/robot-controllers-market
Thermography Software Market
https://exactitudeconsultancy.com/reports/69538/thermography-software-market
Gachapon Market
https://exactitudeconsultancy.com/reports/69536/gachapon-market
About Us
Exactitude Consultancy is a market research & consulting services firm which helps its client to address their most pressing strategic and business challenges. Our market research helps clients to address critical business challenges and also helps make optimized business decisions with our fact-based research insights, market intelligence, and accurate data.
https://bulletin.exactitudeconsultancy.com/
https://www.thehealthanalytics.com/
https://www.analytica.global/
https://www.marketintelligencedata.com/
https://www.marketinsightsreports.com/
https://exactitudeconsultancy.com/
Connect Us:
Irfan Tamboli
PHONE NUMBER +1 (704) 266-3234
EMAIL ADDRESS: sales@exactitudeconsultancy.com
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 Powered Two-Wheelers Market to Hit USD 71.84 Billion by 2034 here
News-ID: 4135624 • Views: …
More Releases from Exactitude Consultancy
Hypertrophic Cardiomyopathy Market to Reach USD 3.21 Billion by 2034, Growing at …
Introduction
Hypertrophic cardiomyopathy (HCM) is a genetic heart disorder characterized by abnormal thickening of the heart muscle, which can impair blood flow and increase the risk of arrhythmias, heart failure, and sudden cardiac death. Once managed primarily through beta-blockers, calcium channel blockers, and invasive procedures, the HCM treatment landscape has expanded with the approval of targeted therapies such as cardiac myosin inhibitors.
Growing awareness of genetic cardiovascular diseases, advances in molecular diagnostics,…
Biologics Contract Research Organization (CRO) Market to Reach USD 37.9 Billion …
Introduction
Biologics-including monoclonal antibodies, vaccines, recombinant proteins, and advanced therapies-are at the forefront of modern medicine. Their development, however, requires significant expertise, advanced infrastructure, and compliance with stringent regulatory standards. To meet these demands, pharmaceutical and biotechnology companies are increasingly outsourcing to Contract Research Organizations (CROs) specializing in biologics.
Biologics CROs provide services spanning discovery, preclinical research, clinical trials, bioanalytical testing, and regulatory consulting. With the rise of biologics, biosimilars, and advanced…
Niemann-Pick Disease Market to Reach USD 1.02 Billion by 2034, Growing at 10.6% …
Introduction
Niemann-Pick disease (NPD) is a group of rare, inherited lysosomal storage disorders caused by mutations that disrupt lipid metabolism, leading to progressive neurological decline, organ dysfunction, and premature death. The condition is categorized into several subtypes (A, B, and C), each varying in severity and progression.
Historically, treatment has been limited to palliative and supportive care. However, the landscape is changing rapidly with the development of enzyme replacement therapies (ERT), substrate…
PERK Inhibitors Market Forecast: USD 3.2 Billion by 2034 | Major Participants: N …
The fight against cancer and neurodegenerative diseases has brought the spotlight on the PERK (Protein kinase RNA-like endoplasmic reticulum kinase) pathway, a critical regulator of the unfolded protein response. PERK inhibitors are designed to modulate this pathway, reducing stress-induced cell death and playing a pivotal role in oncology, neurodegenerative research, and metabolic disorders. As precision medicine continues to gain traction, PERK inhibitors are attracting significant attention from both biotech firms…
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…
