Press release
Electric Two Wheelers Market to Reach US$ 65.4 Bn by 2032 as Key Players Yadea, Hero Electric, Ather Energy, Ola Electric, and NIU Expand Global EV Portfolios
Electric Two Wheelers Market
According to Persistence Market Research, the global electric two wheelers market is predicted to reach a value of US$ 21.9 Bn by 2025. The market is anticipated to record a CAGR of 11.6% during the forecast period and is expected to reach US$ 65.4 Bn by 2032. Market expansion is strongly driven by rising environmental concerns across the globe, along with government initiatives that include subsidies, tax benefits, and infrastructure investments to accelerate the adoption of electric scooters and motorcycles.
The electric two wheelers market represents a critical pillar of the global electric vehicle ecosystem, offering cost-efficient, low-emission mobility solutions tailored for dense urban and semi-urban environments. Electric scooters, mopeds, and motorcycles are increasingly favored for daily commuting due to their compact size, lower operating costs, and minimal environmental footprint. The market's growth trajectory is further reinforced by advancements in battery technology, improved vehicle range, and enhanced charging infrastructure.
Get Your FREE Sample Report Instantly Click Now: https://www.persistencemarketresearch.com/samples/33028
The key players studied in the report include:
Key players operating in the electric two wheelers market include:
• AIMA TECHNOLOGY GROUP CO., LTD.
• TAILG
• Jiangsu Xinri E-Vehicle Co., Ltd.
• TVS Motors
• Bajaj Auto
• OLA Electric
• Ather Energy
• Hero Electric (Hero MotoCorp)
• Energica Motor Company S.p.A
• Piaggio
• Honda Motor Co. Ltd.
• Yamaha
• Kawasaki Motors Corp
• BMW AG
• Livewire (Harley Davidson)
• Revolt Motors
• Gogoro Inc.
• Vmoto Limited
• NIU Technology
Key Highlights from the Report
➤ The electric two wheelers market is projected to reach US$ 21.9 Bn by 2025, highlighting strong near-term adoption trends.
➤ The market is expected to expand at a CAGR of 11.6% through the forecast period, indicating sustained demand momentum.
➤ By 2032, the global electric two wheelers market is anticipated to achieve a valuation of US$ 65.4 Bn, reflecting long-term growth potential.
➤ Rising environmental concerns are a primary catalyst driving electric two wheelers market expansion worldwide.
➤ Government subsidies and incentive programs are significantly accelerating EV scooter adoption across multiple regions.
➤ Urban mobility challenges and the need to reduce carbon footprints are positioning electric two wheelers as a mainstream transportation solution.
Electric Two Wheelers Market Segmentation
By Product Type
• Electric Scooters
• Electric Motorcycles
• Electric Bicycles
By Battery Type
• Lithium-ion
• Lead-based
• NiMH
By Category
• Plug-in Electric Two Wheelers,
• Battery-operated Electric Two Wheelers
By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
Customize This Report for Your Exact Requirements: https://www.persistencemarketresearch.com/request-customization/33028
Regional Insights
Regional dynamics significantly influence the growth pattern of the electric two wheelers market. Asia-Pacific remains the leading geographical region due to high population density, increasing urbanization, and strong government support for electric mobility. The region benefits from favorable policies, subsidies, and a well-established two-wheeler culture, which collectively drive large-scale adoption of electric scooters and motorcycles.
Europe and other regions are also witnessing steady growth, supported by stringent emission regulations and increasing investment in sustainable transport infrastructure. Urban centers across these regions are promoting electric two wheelers as a solution to congestion and pollution, further strengthening market penetration. Government incentives and consumer awareness continue to shape regional demand patterns.
Market Drivers
The primary driver of the electric two wheelers market is the growing emphasis on environmental sustainability. Rising concerns over air pollution and greenhouse gas emissions have prompted governments and consumers alike to seek cleaner transportation alternatives. Electric two wheelers produce zero tailpipe emissions, making them an effective solution for reducing urban air pollution and supporting global climate goals.
Another critical driver is the availability of government subsidies and incentive programs aimed at accelerating EV adoption. These initiatives reduce the upfront cost of electric two wheelers, making them more accessible to a broader consumer base. Additionally, improvements in charging infrastructure and battery technology have alleviated range anxiety, further supporting market growth and consumer confidence.
Market Restraints
Despite strong growth prospects, the electric two wheelers market faces several restraints that may hinder its expansion. High initial purchase costs, even with subsidies, remain a challenge for price-sensitive consumers in certain regions. While operating costs are lower over the vehicle's lifecycle, the upfront investment can still act as a barrier to adoption.
Infrastructure limitations also pose a restraint, particularly in regions with underdeveloped charging networks. Limited access to reliable charging facilities can discourage potential buyers and slow market penetration. Furthermore, concerns related to battery lifespan and replacement costs may impact long-term ownership decisions, especially among first-time EV users.
Market Opportunities
The electric two wheelers market presents substantial opportunities driven by technological innovation and evolving consumer behavior. Advancements in battery technology, including improved energy density and faster charging capabilities, are expected to enhance vehicle performance and reduce total ownership costs. These developments create opportunities for manufacturers to differentiate their offerings and expand market share.
Another key opportunity lies in the growing adoption of electric two wheelers for commercial applications such as last-mile delivery and shared mobility services. As e-commerce and urban logistics continue to expand, demand for cost-effective and sustainable delivery solutions is rising. Electric two wheelers offer operational efficiency and environmental benefits, positioning them as a preferred choice for fleet operators.
Ready to Dive Deep? Buy Full Report Today: https://www.persistencemarketresearch.com/checkout/33028
Recent Developments:
• March 2024: A leading electric two wheeler manufacturer expanded its production capacity to meet rising domestic and export demand.
• October 2023: A major industry player launched a new electric scooter model focused on extended range and urban commuting efficiency.
Frequently Asked Questions - Electric Two Wheelers Market
➤ What are the main factors influencing the Electric Two Wheelers Market during 2025-2032?
➤ Which companies are the major participants in the Electric Two Wheelers Market?
➤ What are the opportunities, risks, and overall structure of the Electric Two Wheelers Market?
➤ How do leading Electric Two Wheelers Market companies compare in terms of sales and revenue performance?
➤ How are product types, applications, revenue, and market value analyzed within the Electric Two Wheelers Market?
Future Opportunities and Growth Prospects
The future of the electric two wheelers market remains highly promising as sustainability transitions accelerate worldwide. With strong policy support, rising consumer awareness, and continuous technological advancements, electric two wheelers are set to become a cornerstone of urban mobility. The projected growth from US$ 21.9 Bn in 2025 to US$ 65.4 Bn by 2032 reflects the market's resilience and long-term potential.
Looking ahead, increasing integration of smart technologies, improved battery systems, and expanding charging infrastructure will further enhance adoption rates. As cities continue to prioritize low-emission transport solutions, the electric two wheelers market is expected to play a pivotal role in shaping the future of sustainable and efficient mobility.
Explore the Latest Trending Research Reports:
https://www.persistencemarketresearch.com/market-research/nerf-bars-and-running-boards-market.asp
https://www.persistencemarketresearch.com/market-research/track-geometry-measurement-system-market.asp
https://www.persistencemarketresearch.com/market-research/tow-tractors-market.asp
https://www.persistencemarketresearch.com/market-research/automotive-multifunction-switches-market.asp
https://www.persistencemarketresearch.com/market-research/trailer-jack-market.asp
Contact Us:
Persistence Market Research
Second Floor, 150 Fleet Street, London, EC4A 2DQ, United Kingdom
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 to Reach US$ 65.4 Bn by 2032 as Key Players Yadea, Hero Electric, Ather Energy, Ola Electric, and NIU Expand Global EV Portfolios here
News-ID: 4343925 • Views: …
More Releases from Persistence Market Research
Automotive Window Film Market to Reach US$ 6,310.7 Mn by 2032 as Key Players 3M, …
The global automotive window films market is experiencing steady growth, driven by increasing awareness of vehicle safety, energy efficiency, and aesthetic enhancement. Automotive window films are thin laminates applied to glass surfaces to improve heat insulation, reduce glare, block harmful UV rays, and enhance privacy. With the rising adoption of premium and luxury vehicles, consumers are increasingly opting for high-quality window films, making this market an essential segment within the…
Condition Monitoring System Market Expected to Hit US$ 7.6 Billion by 2032 - Per …
The condition monitoring system (CMS) market is witnessing robust growth driven by the increasing adoption of predictive maintenance strategies across industrial sectors. Condition monitoring systems are critical for continuously assessing the health and performance of machinery, enabling early detection of faults, minimizing unplanned downtime, and optimizing operational efficiency. These systems incorporate advanced technologies, including IoT sensors, artificial intelligence (AI), machine learning, and cloud-based analytics, to provide real-time insights into equipment…
Industrial Furnace Market Expected to Reach US$ 18.2 Billion by 2032 - Persisten …
The industrial furnace market is witnessing significant growth due to the resurgence of manufacturing activities across various industries, including automotive, aerospace, metallurgy, and chemical processing. Industrial furnaces are critical for high-temperature processes such as forging, annealing, sintering, and heat treatment, making them indispensable for achieving precision and efficiency in manufacturing workflows. With increasing industrial automation and the growing emphasis on energy-efficient solutions, industrial furnaces are evolving to meet both productivity…
Induced Pluripotent Stem Cells Market Forecast to Surpass US$ 3.36 Bn by 2032, P …
The induced pluripotent stem cells (iPSCs) market has emerged as one of the most transformative segments within the global life sciences and regenerative medicine landscape. iPSCs, which are adult somatic cells reprogrammed to a pluripotent state, possess the unique ability to differentiate into almost any cell type while retaining self-renewal properties similar to embryonic stem cells. This scientific breakthrough has reshaped approaches to disease modeling, drug discovery, toxicity testing, and…
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…
