Electric Two-Wheeler Market Size, Trends And Report By 2024-2032

  2. by vishalguptaimarc
  3. October 21, 2024

Global Electric Two-Wheeler Industry  : Key Statistics and Insights in 2024-2032

Summary:

    • The market is expected to reach USD 109.5 Billion by 2032, exhibiting a growth rate (CAGR) of 11.5% during 2024-2032.

    • 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 48V, 48V-60V, 61V-72V, 73V-96V, and 96V.

    • On the basis of the peak power, the market has been divided into 3 Kw, 3 kW-6 kW, 6 kW-9 kW, and 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.

Industry Trends and Drivers:

    • Growing environmental awareness:

The increasing awareness among the masses about the impact of their transportation choices in the environment is driving the demand for electric vehicles (EVs). This is prompting individuals to seeking sustainable alternatives to traditional gasoline-powered vehicles, which is contributing to the market growth. The rising air pollution and climate change is catalyzing the demand for EVs as people are opting for eco-friendly options that reduce their carbon footprint. Electric two-wheelers are gaining traction due to their lower emissions and energy efficiency, aligning with the growing trend of conscious consumerism. 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 influencing the market as manufacturers are enhancing battery efficiency and reducing charging times, which is making electric scooters and bikes more appealing to users. Lithium-ion batteries are becoming lighter and offering optimized energy density, enabling longer ranges on a single charge. This development is alleviating concerns about range anxiety, allowing riders to travel farther without worrying about running out of power. In addition, the growing network of charging stations is facilitating a smoother 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, thereby supporting to the market growth.

    • Rising urbanization and congestion:

As cities are becoming more populated, the demand for efficient and compact transportation solutions is also rising. Electric two-wheelers are emerging as a practical response to this challenge, offering 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, which is motivating individuals to seek 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, contributing to less congested cityscapes.

Grab a sample PDF of this report: https://www.imarcgroup.com/electric-two-wheeler-market/requestsample

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 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.

Note: If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145