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Electric Two-Wheel Vehicles in Asia Pacific: Market Analysis and Forecasts

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This publication has been discontinued on July 3, 2014.

Abstract

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Sales of internal combustion engine (ICE) scooters are strong in China, India, and most Association of Southeast Asian Nations (ASEAN) countries compared to other regions of the world. Two-wheel vehicles (scooters, motorcycles, and bicycles) are a very popular mode of transport due to their fuel efficiency and ease of use in congested traffic. As a result, consumers in Asia Pacific markets are heavily adopting traditional two-wheel vehicles. Largely driven by costs, these vehicles provide a mode of transportation for individuals who may not be able to afford a car yet. In many places, scooters, motorcycles, and bicycles are designed to carry additional cargo and people and, therefore, are more accommodating to families.

The growth of the total market for these vehicles within Asia Pacific is also leading to strong expansion of the electric two-wheel vehicle industry in the region. Adoption of e-bicycles, e-motorcycles, and e-scooters will continue to be driven by rapid urbanization trends and the increase in household incomes. Economic prosperity will result in a greater number of middle and high income level consumers, which will contribute to the growth of the electric two-wheel vehicle market. Since the total cost of ownership (TCO) of e-motorcycles and e-scooters remains low enough to see payback on the vehicle with a year or two of purchase, Pike Research's analysis finds that the market for electric two-wheel vehicles is likely to remain strong in regions with high economic growth rates.

This Pike Research report provides an in-depth assessment of current market dynamics and the future growth potential for electric bicycles, scooters, and motorcycles in the Asia Pacific region, along with profiles of the key industry players who are defining these rapidly-evolving markets. The study examines the market forces that are driving adoption of electric two-wheel vehicles in key countries, including demographic trends, consumer behavior, and government initiatives. The report also analyzes the technology issues surrounding this sector such as the changing mix of battery chemistries and key trends in battery management systems and electric motors. Detailed vehicle sales forecasts are provided for each vehicle category through 2018, segmented by country.

Key Questions Addressed:

  • What is the current market size for electric bicycles, motorcycles, and scooters in Asia Pacific, and how fast will the market grow in the coming years?
  • What social and economic factors are driving the growth of electric two-wheel vehicles in the APAC region?
  • What are the prospects for two-wheel vehicle adoption in countries outside China?
  • Which battery technologies will be used for electric two-wheel vehicles in APAC?
  • How will government programs influence two-wheel vehicle adoption in APAC markets?
  • Who are the key industry players in each major vehicle segment in APAC?

Who needs this report?

  • E-bicycle, e-motorcycle, and e-scooter manufacturers
  • Two-wheel vehicle component suppliers
  • Battery manufacturers
  • Retailers
  • Utilities
  • Government agencies and municipal planners
  • Industry associations
  • Investor community

Table of Contents

1. Executive Summary

  • 1.1 Market Issues
  • 1.2 Technology Issues
  • 1.3 Market Forecasts

2. Market Issues

  • 2.1 Definitions
  • 2.2 Market Drivers
    • 2.2.1 Increasing Urbanization
    • 2.2.2 Increasing Income Levels
    • 2.2.3 Favorable Demographics
  • 2.3 Market Competition
  • 2.4 Consumer Behavior and Major Trends
  • 2.5 Market Outlook
  • 2.6 Regional Market Issues
    • 2.6.1 China
      • 2.6.1.1 Definition and Specifications
      • 2.6.1.2 Sales and Production
      • 2.6.1.2.1. National Volume
      • 2.6.1.2.2. Regional Volume
      • 2.6.1.3 Major Product Trends
      • 2.6.1.4 Product Lineup
      • 2.6.1.5 Regulations and Safety Issues
    • 2.6.2 Japan
      • 2.6.2.1 E-Bicycle Business Models
      • 2.6.2.2 Fukushima Impact on Consumers
      • 2.6.2.3 E-Bicycle Product Categories and Pricing
      • 2.6.2.4 E-Scooter Product Features
      • 2.6.2.5 Overseas Market Penetration and Cooperation
    • 2.6.3 India
      • 2.6.3.1 Market Status
      • 2.6.3.2 Market Competition
      • 2.6.3.3 Electric Two-Wheel Vehicles in India
    • 2.6.4 Taiwan
      • 2.6.4.1 Market Features
      • 2.6.4.2 Favorable Policies for Electric Two-Wheel Vehicles
      • 2.6.4.3 Market Dynamics of E-Scooters and E-Bicycles
    • 2.6.5 South Korea
      • 2.6.5.1 Market Features
      • 2.6.5.2 Retail Market Status
      • 2.6.5.3 Korean Players and Development
      • 2.6.5.4 Market Momentum and Business Models for E-Bicycles
    • 2.6.6 ASEAN
      • 2.6.6.1 Market Snapshot
      • 2.6.6.2 Indonesia
      • 2.6.6.3 Thailand
      • 2.6.6.4 Vietnam
    • 2.6.7 Australia and New Zealand

3. Technology Issues

  • 3.1 Battery Technology
    • 3.1.1 Lithium Ion
    • 3.1.2 Lithium Polymer
    • 3.1.3 Nickel-Metal Hydride
    • 3.1.4 Sealed Lead-Acid
    • 3.1.5 Valve Regulated Lead-Acid
    • 3.1.6 Silicone
  • 3.2 Battery Management System
  • 3.3 Electric Motors

4. Key Industry Players

  • 4.1 Changzhou Hongdu E-Bicycle Co., Ltd.
  • 4.2 China Motor Corp. (CMC)
  • 4.3 Giant Manufacturing Co., Ltd.
  • 4.4 Hero Electric
  • 4.5 Honda
  • 4.6 Industrial Technology Research Institute (ITRI)
  • 4.7 Jiangsu Xinri E-Vehicle Co., Ltd.
  • 4.8 Kwang Yang Motor Co., Ltd. (KYMCO)
  • 4.9 Panasonic Corp. / SANYO Electric Co., Ltd.
  • 4.10 Panasonic Cycle Technology Co., Ltd. (PCT)
  • 4.11 Phylion Battery Co., Ltd.
  • 4.12 S&T Motors Co., Ltd.
  • 4.13 Samyang Optics Co., Ltd.
  • 4.14 Sanyang Industry Co., Ltd. (SYM)
  • 4.15 Shanghai Cranes Electric Vehicle Co., Ltd.
  • 4.16 Shimano Inc.
  • 4.17 Yamaha Motor Co., Ltd.
  • 4.18 Zhejiang Luyuan Electric Vehicle Co., Ltd. (Luyuan)
  • 4.19 Zongshen Motorcycle

5. Market Forecasts

  • 5.1 Introduction
  • 5.2 E-Scooter Sales by Country: 2012-2018
  • 5.3 E-Motorcycle Sales by Country: 2012-2018
  • 5.4 E-Bicycle Sales by Country: 2012-2018
  • 5.5 E-Motorcycle and E-Scooter Battery Trends: 2012-2018
  • 5.6 E-Bicycle Battery Trends: 2012-2018

6. Company Directory

7. Acronym and Abbreviation List

8. Table of Contents

9. Table of Charts and Figures

10. Scope of Study, Sources and Methodology, Notes

List of Charts and Figures

  • Chinese E-Bicycle with Larger Cargo Seats and Delivery Capacity
  • Two Basic E-Bicycle Types in China (Upper: Pedaling Supplemented E-Bicycle/Lower: Scooter Type E-Bicycle)
  • Korean E-Bicycle Unmanned Rental Stand with Card Authentication Systems
  • Torque Sensor Diagram
  • Honda Smart Home Systems Utilizing Electric Scooters in E-KIZUNA Project
  • E-Bicycle Li-ion Chargers and Monitoring Systems Attached on E-Bicycle
  • Electric Two-Wheel Vehicle Sales by Country, Asia Pacific: 2012-2018
  • Electric Two-Wheel Vehicle Sales by Country, Except for China, Asia Pacific: 2012-2018
  • Cumulative Electric Two Wheel Vehicles Sales by Country, Asia Pacific: 2012-2018
  • Cumulative Electric Two Wheel Vehicles Sales by Country, Except for China, Asia Pacific: 2012-2018
  • Japanese Consumer Preference in Bike Purchasing, by Bike Type, Japan: 2011
  • Electric Scooter Sales by Country, Asia Pacific: 2012-2018
  • Electric Scooter Sales by Country, Except for China, Asia Pacific: 2012-2018
  • Cumulative Electric Scooter Sales by Country, Asia Pacific: 2012-2018
  • Cumulative Electric Scooter Sales by Country, Except for China, Asia Pacific: 2012-2018
  • Electric Motorcycle Sales by Country, Asia Pacific: 2012-2018
  • Electric Motorcycle Sales by Country, Except for China, Asia Pacific: 2012-2018
  • Cumulative Electric Motorcycle Sales by Country, Asia Pacific: 2012-2018
  • Cumulative Electric Motorcycle Sales by Country, Except for China, Asia Pacific: 2012-2018
  • Electric Bicycle Sales by Country, Asia Pacific: 2012-2018
  • Electric Bicycle Sales by Country, Except for China, Asia Pacific: 2012-2018
  • Cumulative Electric Bicycle Sales by Country, Asia Pacific: 2012-2018
  • Cumulative Electric Bicycle Sales by Country, Except for China, Asia Pacific: 2012-2018
  • Percentage of E-Motorcycles with Li-ion Batteries By Region, Asia Pacific: 2012-2018
  • Percentage of E-Scooters with Li-ion Batteries By Region, Asia Pacific: 2012-2018
  • Percentage of Li-ion Electric Bicycle Sales by Region, Asia Pacific: 2012-2018
  • Percentage of SLA Electric Bicycle Sales by Region, Asia Pacific: 2012-2018

List of Tables

  • Electric Two-Wheel Vehicle Sales by Country, Asia Pacific: 2012-2018
  • Cumulative Electric Two-Wheel Vehicle Sales by Country, Asia Pacific: 2012-2018
  • Electric Two-Wheel Vehicle Definition by Region, World Markets: 2012
  • E-Bike Models by Driving Range, Charging Time, Product Mix, and Price Level in Japan
  • Japanese Consumer Preference in Bike Purchasing, by Bike Type, Japan: 2011
  • Battery Type Comparison
  • Li-ion Battery Chemistry Characteristics
  • VRLA Module Characteristics of Various Manufacturers
  • Electric Scooter Sales by Country, Asia Pacific: 2012-2018
  • Cumulative Electric Scooter Sales by Country, Asia Pacific: 2012-2018
  • Electric Motorcycle Sales by Country, Asia Pacific: 2012-2018
  • Cumulative Electric Motorcycle Sales by Country, Asia Pacific: 2012-2018
  • Electric Bicycle Sales by Country, Asia Pacific: 2012-2018
  • Cumulative Electric Bicycle Sales by Country, Asia Pacific: 2012-2018
  • Percentage of E-Motorcycles with Li-ion Batteries by Region, Asia Pacific: 2012-2018
  • Percentage of E-Scooters with Li-ion Batteries by Region, Asia Pacific: 2012-2018
  • Percentage of Li-ion Electric Bicycle Sales by Region, Asia Pacific: 2012-2018
  • Percentage of SLA Electric Bicycle Sales by Region, Asia Pacific: 2012-2018
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