PUBLISHER: Persistence Market Research | PRODUCT CODE: 1469258
PUBLISHER: Persistence Market Research | PRODUCT CODE: 1469258
Electric Two Wheelers Market by Product Type, End-Users, and Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2032
Persistence Market Research has conducted a thorough analysis of the Electric Two Wheelers Market, providing a comprehensive report detailing its global landscape. This in-depth publication offers valuable insights into the market's dynamics, trends, opportunities, and challenges, providing a comprehensive overview of its structure. Backed by exclusive data and statistics, the research predicts the anticipated growth trajectory of the Electric Two Wheelers Market spanning from 2021 to 2032.
Global electric two-wheeler sales hit US$ 26.41 Mn in 2024 and are expected to grow at a CAGR of 11.6%, reaching US$ 58.66 billion by 2032.
Key Insights:
- Electric Two Wheelers Market Size (2024A): US$ 26.41 Mn
- Projected Market Value (2032F): US$ 58.66 Bn
- Value CAGR (2024-2032): 11.6%
Electric Two Wheelers Market - Report Scope
The global electric two-wheelers market offers a range of products including electric bicycles, scooters, and motorcycles, valued for their eco-friendly operation and cost efficiency. Key drivers include environmental consciousness, urbanization, and government incentives promoting clean transportation. Emerging trends focus on technological advancements and battery innovation. Overall, the market is propelled by increasing demand for sustainable mobility solutions, urban commuting needs, and efforts to reduce carbon emissions.
Market Growth Drivers
The rising awareness of environmental issues drives the growth of the electric two-wheelers industry through interconnected factors. Government initiatives promoting electric vehicle adoption and investments in charging infrastructure enhance market accessibility, fostering a shift towards cleaner transportation options. This trend facilitates the adoption of electric two-wheelers as a convenient and eco-friendly mode of urban commuting, catering to growing urban populations and addressing congestion and pollution concerns. Moreover, increasing consumer interest in cost-effective and low-maintenance transportation solutions further accelerates market expansion. As consumers prioritize sustainability and seek efficient mobility alternatives, electric two-wheelers emerge as a compelling choice, offering reduced emissions and operational savings compared to traditional vehicles.
Market Restraints
Infrastructure limitations pose a significant challenge for the electric two-wheelers market, impacting adoption rates and consumer confidence. Insufficient charging infrastructure and range anxiety hinder market growth, limiting the practicality of electric two-wheelers for long-distance travel. Additionally, concerns regarding battery performance, including longevity and charging times, influence purchasing decisions and consumer perception of electric two-wheelers. Regulatory barriers and policy uncertainties also affect market dynamics, requiring collaboration between stakeholders to address regulatory gaps and streamline industry standards.
Opportunities
Innovations in electric two-wheeler technology present opportunities for market growth by addressing consumer needs and preferences. Advancements in battery technology, such as improved energy density and faster charging capabilities, enhance the practicality and appeal of electric two-wheelers, expanding their market potential. Furthermore, strategic partnerships and collaborations within the industry ecosystem, including manufacturers, suppliers, and charging infrastructure providers, facilitate market development and ecosystem integration. Leveraging digital platforms for sales, service, and customer engagement enables market players to reach a broader audience and enhance the electric two-wheeler ownership experience. Embracing these opportunities positions the electric two-wheelers market for sustained growth and competitiveness in the transportation sector.
Key Questions Answered in Report::
- What are the key drivers fueling the growth of the electric two-wheelers market?
- What emerging trends are shaping the electric two-wheelers industry landscape?
- What are the primary restraints hindering market expansion, and how can they be addressed?
- What opportunities exist for market players to capitalize on in the electric two-wheelers segment?
Competitive Intelligence and Business Strategy
The global electric two-wheelers market is moderately competitive, with numerous players expanding their reach and market share. International players are expected to grow through acquisitions, driven by favorable economic conditions and a rising automotive industry, particularly in emerging markets. In March 2024, Gogoro Inc. introduced the SSmartcore technology platform for the Gogoro SuperSport, while in September 2020, Sparta launched the Sparta d-Burst electric bicycle with speed pedelec features and improved design.
Key Companies Profiled
- Hero Electric Vehicles Private Limited
- Gogoro Inc.
- GOVECS AG
- Vmoto Limited
- Honda Motor Co. Ltd.
- Terra Motors Corp.
- Bayerische Motoren Werke AG (BMW)
- Jiangsu Xinri E-Vehicle Co. Ltd.
- Piaggio & C. SpA
- Giant Manufacturing Co. Ltd.
- Accell Group
- Derby Cycle Holding GmbH
- Pedego Electric
- VOLT E BYK
- Energica Motor Co SpA
Key Segments Covered in Electric Two Wheelers Industry Analysis
Electric Two Wheelers Market by Product Type:
- Electric Scooters
- Electric Motorcycles
- Electric Bicycles
oPedelec
oThrottle-assisted
Electric Two Wheelers Market by Battery Type:
- Lithium-Ion
- Lead-based
- NiMH
Electric Two Wheelers Market by Category:
- Plug-in Electric Two Wheelers
- Battery-operated Electric Two Wheelers
Electric Two Wheelers Market by Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
Table of Contents
1. Executive Summary
- 1.1. Global Market Outlook
- 1.2. Demand Side Trends
- 1.3. Supply Side Trends
- 1.4. Analysis and Recommendations
2. Market Overview
- 2.1. Market Coverage / Taxonomy
- 2.2. Market Definition / Scope / Limitations
3. Key Market Trends
- 3.1. Key Trends Impacting the Market
- 3.2. Product Innovation / Development Trends
4. Key Success Factors
- 4.1. Product Adoption / Usage Analysis
- 4.2. Product USPs / Features
- 4.3. Strategic Promotional Strategies
5. Global Electric Two Wheelers Market Demand Analysis 2019-2023 and Forecast, 2024-2032
- 5.1. Historical Market Volume (Units) Analysis, 2019-2023
- 5.2. Current and Future Market Volume (Units) Projections, 2024-2032
- 5.3. Y-o-Y Growth Trend Analysis
6. Global Electric Two Wheelers Market - Pricing Analysis
- 6.1. Regional Pricing Analysis By Product Type
- 6.2. Cost Teardown Analysis
- 6.3. Global Average Pricing Analysis Benchmark
7. Global Electric Two Wheelers Market Demand (in Value or Size in US$ Mn) Analysis 2019-2023 and Forecast, 2024-2032
- 7.1. Historical Market Value (US$ Mn) Analysis, 2019-2023
- 7.2. Current and Future Market Value (US$ Mn) Projections, 2024-2032
- 7.2.1. Y-o-Y Growth Trend Analysis
- 7.2.2. Absolute $ Opportunity Analysis
8. Market Background
- 8.1. Macro-Economic Factors
- 8.1.1. Global GDP Growth Outlook By Region
- 8.1.2. Emission Rates of Electric Two-Wheelers
- 8.1.3. Road Condition By Country
- 8.1.4. Global E-Mobility Industry Outlook
- 8.2. Forecast Factors - Relevance & Impact
- 8.2.1. E-Scooter with Added Aids
- 8.2.2. Increasing Fuel Price
- 8.2.3. Increasing Product Portfolio
- 8.2.4. Growth of Transportation Industry
- 8.2.5. Increasing Ecommerce Activities
- 8.2.6. Other Forecast Factors
- 8.3. Porter's Five Forces
- 8.4. Technology Analysis
- 8.4.1. Technology Overview
- 8.4.2. Patent Analysis
- 8.5. Leading Countries' Electric Two Wheeler Regulations
- 8.6. Impact of COVID - 19 Crisis
- 8.6.1. Current Statistics
- 8.6.2. Impact on World Economy and Cluster Projections
- 8.6.3. Impact by Market Taxonomy
- 8.6.4. Recovery Scenarios
- 8.7. Value Chain
- 8.7.1. List of Manufacturers
- 8.7.2. List of Suppliers/Distributors
- 8.7.3. List of Component Suppliers
- 8.7.4. Average Margins
- 8.8. Market Dynamics
- 8.8.1. Drivers
- 8.8.2. Restraints
- 8.8.3. Opportunity Analysis
9. Global Electric Two Wheelers Market Analysis 2019-2023 and Forecast 2024-2032, by Product Type
- 9.1. Introduction / Key Findings
- 9.2. Historical Market Size (US$ Mn) and Volume Analysis By Product Type, 2019-2023
- 9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Product Type, 2024-2032
- 9.3.1. Electric Scooter
- 9.3.2. Electric Motorcycle
- 9.3.3. Electric Bicycle
- 9.3.3.1. Pedelec
- 9.3.3.2. Throttle Assisted
- 9.4. Market Attractiveness Analysis By Product Type
10. Global Electric Two Wheelers Market Analysis 2019-2023 and Forecast 2024-2032, By Battery Type
- 10.1. Introduction / Key Findings
- 10.2. Historical Market Size (US$ Mn) and Volume Analysis By Battery Type, 2019-2023
- 10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Battery Type, 2024-2032
- 10.3.1. Lithium Ion
- 10.3.2. Lead based
- 10.3.3. NiMH
- 10.4. Market Attractiveness Analysis By Battery Type
11. Global Electric Two Wheelers Market Analysis 2019-2023 and Forecast 2024-2032, By Category
- 11.1. Introduction / Key Findings
- 11.2. Historical Market Size (US$ Mn) and Volume Analysis By Category, 2019-2023
- 11.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Category, 2024-2032
- 11.3.1. Plug-In
- 11.3.2. Battery
- 11.4. Market Attractiveness Analysis By Category
12. Global Electric Two Wheelers Market Analysis 2019-2023 and Forecast 2024-2032, by Region
- 12.1. Introduction
- 12.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2019-2023
- 12.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Region, 2024-2032
- 12.3.1. North America
- 12.3.2. Latin America
- 12.3.3. Europe
- 12.3.4. South Asia and Pacific
- 12.3.5. East Asia
- 12.3.6. Middle East & Africa
- 12.4. Market Attractiveness Analysis By Region
13. North America Electric Two Wheelers Market Analysis 2019-2023 and Forecast 2024-2032
- 13.1. Introduction
- 13.2. Pricing Analysis
- 13.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
- 13.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2032
- 13.4.1. By Country
- 13.4.1.1. U.S.
- 13.4.1.2. Canada
- 13.4.2. By Product Type
- 13.4.3. By Battery Type
- 13.4.4. By Category
- 13.4.1. By Country
- 13.5. Market Attractiveness Analysis
- 13.5.1. By Country
- 13.5.2. By Product Type
- 13.5.3. By Battery Type
- 13.5.4. By Category
- 13.6. Market Trends
- 13.7. Key Market Participants - Intensity Mapping
- 13.8. Drivers and Restraints - Impact Analysis
14. Latin America Electric Two Wheelers Market Analysis 2019-2023 and Forecast 2024-2032
- 14.1. Introduction
- 14.2. Pricing Analysis
- 14.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
- 14.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2032
- 14.4.1. By Country
- 14.4.1.1. Brazil
- 14.4.1.2. Mexico
- 14.4.1.3. Rest of Latin America
- 14.4.2. By Product Type
- 14.4.3. By Battery Type
- 14.4.4. By Category
- 14.4.1. By Country
- 14.5. Market Attractiveness Analysis
- 14.5.1. By Country
- 14.5.2. By Product Type
- 14.5.3. By Battery Type
- 14.5.4. By Category
- 14.6. Market Trends
- 14.7. Key Market Participants - Intensity Mapping
- 14.8. Drivers and Restraints - Impact Analysis
15. Europe Electric Two Wheelers Market Analysis 2019-2023 and Forecast 2024-2032
- 15.1. Introduction
- 15.2. Pricing Analysis
- 15.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
- 15.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2032
- 15.4.1. By Country
- 15.4.1.1. Germany
- 15.4.1.2. Italy
- 15.4.1.3. France
- 15.4.1.4. U.K.
- 15.4.1.5. Spain
- 15.4.1.6. BENELUX
- 15.4.1.7. Russia
- 15.4.1.8. Rest of Europe
- 15.4.2. By Product Type
- 15.4.3. By Battery Type
- 15.4.4. By Category
- 15.4.1. By Country
- 15.5. Market Attractiveness Analysis
- 15.5.1. By Country
- 15.5.2. By Product Type
- 15.5.3. By Battery Type
- 15.5.4. By Category
- 15.6. Market Trends
- 15.7. Key Market Participants - Intensity Mapping
- 15.8. Drivers and Restraints - Impact Analysis
16. South Asia and Pacific Electric Two Wheelers Market Analysis 2019-2023 and Forecast 2024-2032
- 16.1. Introduction
- 16.2. Pricing Analysis
- 16.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
- 16.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2032
- 16.4.1. By Country
- 16.4.1.1. India
- 16.4.1.2. ASEAN
- 16.4.1.3. Australia and New Zealand
- 16.4.1.4. Rest of South Asia and Pacific
- 16.4.2. By Product Type
- 16.4.3. By Battery Type
- 16.4.4. By Category
- 16.4.1. By Country
- 16.5. Market Attractiveness Analysis
- 16.5.1. By Country
- 16.5.2. By Product Type
- 16.5.3. By Battery Type
- 16.5.4. By Category
- 16.6. Market Trends
- 16.7. Key Market Participants - Intensity Mapping
- 16.8. Drivers and Restraints - Impact Analysis
17. East Asia Electric Two Wheelers Market Analysis 2019-2023 and Forecast 2024-2032
- 17.1. Introduction
- 17.2. Pricing Analysis
- 17.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
- 17.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2032
- 17.4.1. By Country
- 17.4.1.1. China
- 17.4.1.2. Japan
- 17.4.1.3. South Korea
- 17.4.2. By Product Type
- 17.4.3. By Battery Type
- 17.4.4. By Category
- 17.4.1. By Country
- 17.5. Market Attractiveness Analysis
- 17.5.1. By Country
- 17.5.2. By Product Type
- 17.5.3. By Battery Type
- 17.5.4. By Category
- 17.6. Market Trends
- 17.7. Key Market Participants - Intensity Mapping
- 17.8. Drivers and Restraints - Impact Analysis
18. Middle East and Africa Electric Two Wheelers Market Analysis 2019-2023 and Forecast 2024-2032
- 18.1. Introduction
- 18.2. Pricing Analysis
- 18.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
- 18.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2032
- 18.4.1. By Country
- 18.4.1.1. GCC Countries
- 18.4.1.2. Turkey
- 18.4.1.3. Northern Africa
- 18.4.1.4. South Africa
- 18.4.1.5. Rest of Middle East and Africa
- 18.4.2. By Product Type
- 18.4.3. By Battery Type
- 18.4.4. By Category
- 18.4.1. By Country
- 18.5. Market Attractiveness Analysis
- 18.5.1. By Country
- 18.5.2. By Product Type
- 18.5.3. By Battery Type
- 18.5.4. By Category
- 18.6. Market Trends
- 18.7. Key Market Participants - Intensity Mapping
- 18.8. Drivers and Restraints - Impact Analysis
19. Country Wise Electric Two Wheelers Market Analysis
- 19.1. Introduction
- 19.1.1. Market Value Proportion Analysis, By Key Countries
- 19.1.2. Global Vs. Country Growth Comparison
- 19.2. U.S. Electric Two Wheelers Market Analysis
- 19.2.1. By Product Type
- 19.2.2. By Battery Type
- 19.2.3. By Category
- 19.3. Canada Electric Two Wheelers Market Analysis
- 19.3.1. By Product Type
- 19.3.2. By Battery Type
- 19.3.3. By Category
- 19.4. Mexico Electric Two Wheelers Market Analysis
- 19.4.1. By Product Type
- 19.4.2. By Battery Type
- 19.4.3. By Category
- 19.5. Brazil Electric Two Wheelers Market Analysis
- 19.5.1. By Product Type
- 19.5.2. By Battery Type
- 19.5.3. By Category
- 19.6. Germany Electric Two Wheelers Market Analysis
- 19.6.1. By Product Type
- 19.6.2. By Battery Type
- 19.6.3. By Category
- 19.7. Italy Electric Two Wheelers Market Analysis
- 19.7.1. By Product Type
- 19.7.2. By Battery Type
- 19.7.3. By Category
- 19.8. France Electric Two Wheelers Market Analysis
- 19.8.1. By Product Type
- 19.8.2. By Battery Type
- 19.8.3. By Category
- 19.9. U.K. Electric Two Wheelers Market Analysis
- 19.9.1. By Product Type
- 19.9.2. By Battery Type
- 19.9.3. By Category
- 19.10. Spain Electric Two Wheelers Market Analysis
- 19.10.1. By Product Type
- 19.10.2. By Battery Type
- 19.10.3. By Category
- 19.11. BENELUX Electric Two Wheelers Market Analysis
- 19.11.1. By Product Type
- 19.11.2. By Battery Type
- 19.11.3. By Category
- 19.12. Russia Electric Two Wheelers Market Analysis
- 19.12.1. By Product Type
- 19.12.2. By Battery Type
- 19.12.3. By Category
- 19.13. China Electric Two Wheelers Market Analysis
- 19.13.1. By Product Type
- 19.13.2. By Battery Type
- 19.13.3. By Category
- 19.14. Japan Electric Two Wheelers Market Analysis
- 19.14.1. By Product Type
- 19.14.2. By Battery Type
- 19.14.3. By Category
- 19.15. South Korea Electric Two Wheelers Market Analysis
- 19.15.1. By Product Type
- 19.15.2. By Battery Type
- 19.15.3. By Category
- 19.16. India Electric Two Wheelers Market Analysis
- 19.16.1. By Product Type
- 19.16.2. By Battery Type
- 19.16.3. By Category
- 19.17. ASEAN Electric Two Wheelers Market Analysis
- 19.17.1. By Product Type
- 19.17.2. By Battery Type
- 19.17.3. By Category
- 19.18. Australia and New Zealand Electric Two Wheelers Market Analysis
- 19.18.1. By Product Type
- 19.18.2. By Battery Type
- 19.18.3. By Category
- 19.19. GCC Countries Electric Two Wheelers Market Analysis
- 19.19.1. By Product Type
- 19.19.2. By Battery Type
- 19.19.3. By Category
- 19.20. Turkey Electric Two Wheelers Market Analysis
- 19.20.1. By Product Type
- 19.20.2. By Battery Type
- 19.20.3. By Category
20. Market Structure Analysis
- 20.1. Market Analysis by Tier of Companies (Electric Two Wheelers)
- 20.2. Market Concentration
- 20.3. Market Share Analysis of Top Players
- 20.3.1. For Electric Scooter Top 5-6 Players
- 20.3.2. For Electric Motorcycle Top 5-6 Players
- 20.3.3. For Electric Bicycle Top 5-6 Players
- 20.4. Market Presence Analysis
21. Competition Analysis
- 21.1. Competition Dashboard
- 21.2. Competition Benchmarking
