Electric Two-Wheeler Market Trends, Growth, Share and Analysis Report 2023-2028

According to the latest report by IMARC Group “Electric Two-Wheeler Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global electric two-wheeler market size reached US$ 35.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 72.5 Billion by 2028, exhibiting a growth rate (CAGR) of 13.18% during 2023-2028.

An electric two-wheeler is a vehicle equipped with an electric motor that gets activated to assist with or replace pedaling. It comprises an electric scooter, electric moped, and electric bike with various features, such as batteries, digital displays, hub-motor, controller, electric throttle or accelerator, cables, control panels or switches, charging devices or fast chargers, pedal assist sensor (PAS), and battery management system. It is manufactured from various materials, such as plastic, rubber, silicone, steel, aluminum alloy, and carbon fiber.

It is comfortable, affordable, lightweight, rechargeable, and environment-friendly with low running and maintenance costs. It is a convenient and safer means of transportation as compared to conventional internal combustion engine (ICE) two-wheelers. An electric two-wheeler is easy to learn and maneuver and utilized to cover short distances at higher speeds. It enables users to avoid traffic congestion and assists with easy parking as it does not require huge spaces. It aids in improving the health and fitness of an individual by strengthening the cardiovascular system, boosting the immune system, losing weight, enhancing mood, and reducing stress. As it is widely available in various designs, colors, and shapes, the demand for an electric two-wheeler is rising worldwide.

Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/electric-two-wheeler-market/requestsample

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Market Trends:

At present, rising concerns about the harmful impacts of carbon dioxide (CO2) and greenhouse gas (GHG) emissions across the globe represent one of the key factors influencing the market positively. Besides this, the increasing adoption of green energy and enhanced lithium-ion-based electric two-wheelers are propelling the growth of the market. Additionally, governing agencies of several countries are offering subsidies and tax rebates to drivers and owners of electric vehicles (EVs) across the globe. They are also implementing stringent rules and regulations to support energy-efficient transportation, which is offering a positive market outlook.

Apart from this, there is a rise in the utilization of electric bicycles in fitness and recreational activities around the world. This, coupled with the growing employment of electric bicycles to improve bone mineral density and muscle volume, stimulate quadriceps strength, and lower resting heart rate, is contributing to the growth of the market. Moreover, the increasing fuel prices and reducing costs of lithium-ion batteries, along with the burgeoning automotive industry, is strengthening the market growth. Moreover, key manufacturers operating in the industry are investing in research and development (R&D) activities to introduce advanced technologies, such as brake assistance, reverse driving for parking assistance, and anti-theft systems, in electric two-wheelers. Furthermore, the increasing development of charging stations and road infrastructure is bolstering the growth of the market.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • AIMA Technology Co. Ltd.
  • Ampere Vehicles Pvt. Ltd.
  • BMW AG
  • Energica Motor Company S.p.A.
  • Hero Electric Vehicles Pvt. Ltd.
  • Mahindra GenZe
  • Terra Motors Corporation
  • Vmoto Limited
  • Yadea Technology Group Co. Ltd.
  • and Zero Motorcycles

Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/electric-two-wheeler-market

The report has segmented the market on the basis of Product Type, End-User and Region.

Breakup by Vehicle Type:

  • Electric Scooter/Moped
  • Electric Motorcycle

Breakup by Battery Type:

  • Lithium-Ion
  • Sealed Lead Acid (SLA)

Breakup by Voltage Type:

  • <48V
  • 48-60V
  • 61-72V
  • 73-96V
  • >96V

Breakup by Peak Power:

  • <3 kW
  • 3-6 kW
  • 7-10 kW
  • >10 kW

Breakup by Battery Technology:

  • Removable
  • Non-Removable

Breakup by Motor Placement:

  • Hub Type
  • Chassis Mounted

Market 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

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Email: [email protected]
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

Leave a Reply

Your email address will not be published. Required fields are marked *