Electric Two-wheeler Automotive Market by Product Type, Technology, Voltage, Distance Covered, Sales Channel, Application

Description

List of Tables

[194 Pages Report] The Electric Two-wheeler Automotive Market size was estimated at USD 32.04 billion in 2023 and expected to reach USD 35.35 billion in 2024, at a CAGR 10.55% to reach USD 64.70 billion by 2030.

Electric two-wheeler automotive includes electrically powered two-wheel vehicles, including electric scooters, motorcycles, and bikes. Electric two-wheelers are primarily used for personal mobility, offering a cost-effective and environmentally friendly alternative to traditional internal combustion engine vehicles. The significant end-users include daily commuters, delivery services, and shared mobility platforms in urban and rural areas. Growing concerns about carbon emissions have increased the demand for eco-friendly transportation. The availability of government incentives that offer subsidies and tax rebates is supporting the adoption of electric two-wheeler automotive. Expanding charging infrastructure that reduces range anxiety for EV users further expands the market's growth. Limited range and long charging time compared to fueling conventional vehicles and higher upfront costs despite long-term savings hamper the growth of the market. Integrating intelligent systems such as IoT for smart connectivity features and rising improvements in battery technology and electric motors that increase the range and performance of electric two-wheelers are expected to create opportunities for market growth.

KEY MARKET STATISTICS
Base Year [2023]	USD 32.04 billion
Estimated Year [2024]	USD 35.35 billion
Forecast Year [2030]	USD 64.70 billion
CAGR (%)	10.55%

Product Type: Growing usage of e-scooters for city commutes, quick errands, and short-distance travel

E-motorcycles are fully electrified motorcycles that provide a similar riding experience to traditional motorcycles but with electric engines. They appeal to consumers looking for higher speeds, longer range, and a ride experience comparable to internal combustion engine (ICE) motorcycles. E-motorcycles are suitable for longer commutes and highway use due to their powerful motors and larger battery capacity. E-scooters or mopeds are typically designed for urban use, featuring lower speeds and less range than E-motorcycles. The compact size and ease of maneuverability of E-scooters or mopeds make them ideal for city commutes, quick errands, and short-distance travel. Speed Pedelecs are high-performance electric bicycles capable of speeds up to 45 km/h, placing them between conventional e-bikes and mopeds in terms of speed and performance. They often require registration, insurance, and a driving license in many jurisdictions. This category caters to both leisure cyclists and commuters seeking faster travel over moderate distances without the constraints of vehicle traffic.

Application: High potential for electric two-wheeler automotive across the private sector due to its comfort, style, and technology

In the commercial segment of the electric two-wheeler market, there is a high demand for durable, cost-effective, and low-maintenance vehicles that can be used for delivery services, ride-sharing, or by businesses that require transportation of goods and services. These vehicles are designed with larger cargo capacity, reinforced frames, and extended-range batteries to meet the rigorous demands of commercial usage. They must also be able to navigate urban environments effectively with ease of parking and maneuverability. The private segment refers to electric two-wheelers used for personal transportation. Consumer preferences skew towards style, comfort, convenience, and environmental consciousness. These vehicles range from electric scooters and mopeds to motorcycles, with varying performance, range, and technological features such as smart connectivity and navigation systems.

Regional Insights

The Americas is witnessing a steady uptick in adopting electric two-wheelers due to the growing awareness of environmental issues and the availability of supporting infrastructure. The Americas market is driven by a combination of tech-savvy consumers looking for eco-friendly commuting options and state-level incentives that promote EV usage. South American countries are becoming more environmentally conscious, supported by initiatives such as the Zero-Emission Vehicle (ZEV) Program. The European Union (EU) portrays a strong commitment to reducing carbon emissions, with numerous countries imposing strict regulations on internal combustion engines. This regulatory environment and a robust cycling culture propel consumer demand for electric two-wheelers. Western European markets demand a premium, high-performance electric motorcycles, while urban mobility solutions are preferred in denser cities. The latest research in the EU focuses on increasing the efficiency and range of electric two-wheelers parallel to evolving battery swap systems. The Middle East shows burgeoning interest in electric mobility, albeit on a smaller scale than other regions. Factors including oil wealth and high temperatures have traditionally been barriers; however, initiatives, including Dubai's Green Mobility Strategy 2030, indicate a shifting paradigm. The electric two-wheeler market in Africa is growing, particularly in regions grappling with urban air pollution and looking for cost-effective transportation methods. Asia-Pacific is at the forefront of the electric two-wheeler market, with countries including China, India, and Japan leaning towards electric mobility. Consumer needs in this region are primarily driven by persistent air quality concerns, increasing fuel prices, and supportive government policies.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Electric Two-wheeler Automotive Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Electric Two-wheeler Automotive Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Electric Two-wheeler Automotive Market, highlighting leading vendors and their innovative profiles. These include AIMA Technology Group Co., Ltd., Ather Energy Pvt. Ltd., AVON Cycles Ltd., Bajaj Auto Limited, Dongguan Tailing Electric Vehicle Co., Ltd., eBikeGo, Electrotherm Limited, Emflux Motors, Energica Motor Company, GOVECS AG, Greaves Electric Mobility Private Limited, Harley-Davidson, Inc., Hero Electric Vehicles Pvt. Ltd., Honda Motor Co., Ltd., Jindal Mobilitric Private Limited, Johammer E-Mobility GmbH, Lohia Auto, Nexzu Mobility Ltd, Okinawa Autotech Pvt Ltd., Ola Electric Mobility, Revolt Intellicorp Private Limited, Torrot Electric Europa S.A., TVS Motor Company Ltd., Vmoto Limited, and Yadea Group Holdings Ltd..

Market Segmentation & Coverage

This research report categorizes the Electric Two-wheeler Automotive Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product Type
- E-Motorcycle
- E-Scooter or Moped
- Speed Pedelecs

Technology
- Batteries
  - Lithium-Ion Batteries
  - Sealed Lead Acid Batteries

Plug-In

Voltage
- 24V
- 36V
- 48V
- Greater than 48V

Distance Covered
- 76-100 Miles
- Above 100 Miles
- Below 75 Miles

Sales Channel
- Distributor Sale
- OEM Sale
- Online Sale

Application
- Commercial
- Private

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Electric Two-wheeler Automotive Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Electric Two-wheeler Automotive Market?

3. What are the technology trends and regulatory frameworks in the Electric Two-wheeler Automotive Market?

4. What is the market share of the leading vendors in the Electric Two-wheeler Automotive Market?

5. Which modes and strategic moves are suitable for entering the Electric Two-wheeler Automotive Market?

Product Code: MRR-B13070C27394

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing awareness about the harmful effects of gasoline and diesel vehicles
  - 5.1.1.2. Government incentives and subsidies for electric two-wheeler
  - 5.1.1.3. Rising customer demand for electric bikes for recreational and adventurous activities
- 5.1.2. Restraints
  - 5.1.2.1. Limited range and longer charging times associated with electric two-wheeler automotive
- 5.1.3. Opportunities
  - 5.1.3.1. Introduction of new generation electric scooters and bikes
  - 5.1.3.2. Advancements in battery technologies with the rising development of charging stations
- 5.1.4. Challenges
  - 5.1.4.1. Technical and battery issues with electric motorcycles & scooters
5.2. Market Segmentation Analysis
- 5.2.1. Product Type: Growing usage of e-scooters for city commutes, quick errands, and short-distance travel
- 5.2.2. Application: High potential for electric two-wheeler automotive across the private sector due to its comfort, style, and technology
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Electric Two-wheeler Automotive Market, by Product Type

6.1. Introduction
6.2. E-Motorcycle
6.3. E-Scooter or Moped
6.4. Speed Pedelecs

7. Electric Two-wheeler Automotive Market, by Technology

7.1. Introduction
7.2. Batteries
7.3. Plug-In

8. Electric Two-wheeler Automotive Market, by Voltage

8.1. Introduction
8.2. 24V
8.3. 36V
8.4. 48V
8.5. Greater than 48V

9. Electric Two-wheeler Automotive Market, by Distance Covered

9.1. Introduction
9.2. 76-100 Miles
9.3. Above 100 Miles
9.4. Below 75 Miles

10. Electric Two-wheeler Automotive Market, by Sales Channel

10.1. Introduction
10.2. Distributor Sale
10.3. OEM Sale
10.4. Online Sale

11. Electric Two-wheeler Automotive Market, by Application

11.1. Introduction
11.2. Commercial
11.3. Private

12. Americas Electric Two-wheeler Automotive Market

12.1. Introduction
12.2. Argentina
12.3. Brazil
12.4. Canada
12.5. Mexico
12.6. United States

13. Asia-Pacific Electric Two-wheeler Automotive Market

13.1. Introduction
13.2. Australia
13.3. China
13.4. India
13.5. Indonesia
13.6. Japan
13.7. Malaysia
13.8. Philippines
13.9. Singapore
13.10. South Korea
13.11. Taiwan
13.12. Thailand
13.13. Vietnam

14. Europe, Middle East & Africa Electric Two-wheeler Automotive Market

14.1. Introduction
14.2. Denmark
14.3. Egypt
14.4. Finland
14.5. France
14.6. Germany
14.7. Israel
14.8. Italy
14.9. Netherlands
14.10. Nigeria
14.11. Norway
14.12. Poland
14.13. Qatar
14.14. Russia
14.15. Saudi Arabia
14.16. South Africa
14.17. Spain
14.18. Sweden
14.19. Switzerland
14.20. Turkey
14.21. United Arab Emirates
14.22. United Kingdom

15. Competitive Landscape

15.1. Market Share Analysis, 2023
15.2. FPNV Positioning Matrix, 2023
15.3. Competitive Scenario Analysis
- 15.3.1. TVS Aims to Expand its Electric Two-Wheeler Range Over Next 12 Months
- 15.3.2. Jindal Mobilitric Launch: 3 Electric Two-Wheelers in Ahmedabad
- 15.3.3. Acer Forays into EVs Launches Two-Wheeler in Partnership with eBikeGo
15.4. Strategy Analysis & Recommendation

16. Competitive Portfolio

16.1. Key Company Profiles
16.2. Key Product Portfolio