Electric Two-Wheeler Market Size, Share, Trends, Industry Analysis Report: By Vehicle Type, Application, Battery Type, and Region

Description

List of Tables

The global electric two-wheeler market size is expected to reach USD 63.04 billion by 2034, according to a new study by Polaris Market Research. The report "Electric Two-Wheeler Market Size, Share, Trends, Industry Analysis Report: By Vehicle Type (Electric Scooters, Electric Motorcycles, and Electric Mopeds), Application, Battery Type, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.

The electric two-wheeler market encompasses the production and sale of electric-powered scooters, motorcycles, and mopeds. This market serves as a sustainable alternative to traditional internal combustion engine (ICE) vehicles, addressing urban mobility challenges while aligning with global efforts to combat climate change. The market's growth is driven by rising consumer demand for eco-friendly transportation and favorable government policies promoting electric vehicles (EVs).

The electric two-wheeler market offers immense opportunities in urban and semi-urban areas due to rising fuel costs, traffic congestion, and the need for low-maintenance vehicles. Advancements in battery technology, such as solid-state and second-life batteries, enhance the appeal of electric two-wheelers. Government incentives such as tax rebates, subsidies, and mandates targeting EV adoption propel the electric two-wheeler market growth. Increasing awareness about climate change has accelerated the shift toward zero-emission vehicles.

Electric Two-Wheeler Market Report Highlights

In terms of vehicle type, the electric scooters segment accounted for the largest electric two-wheeler market share in 2024 due to the increasing consumer preference for affordable and efficient urban mobility solutions, coupled with strong government incentives promoting electric vehicle adoption.

Based on battery type, the lithium-ion batteries segment held a significant market share in 2024 due to their superior energy density, longer lifespan, and faster charging capabilities, making them the preferred choice for electric two-wheelers.

In 2024, Asia Pacific accounted for the largest share of the electric two-wheeler market revenue due to a combination of high demand for electric vehicles, supportive government policies, and a rapidly expanding charging infrastructure across major countries in the region.

The Europe market is expected to witness the fastest growth during the forecast period due to increasing environmental regulations, a strong push toward sustainable transportation solutions, and rising consumer awareness about the benefits of electric mobility.

A few of the global key market players are Yadea Group Holdings Ltd.; Hero Electric; Ather Energy; Niu Technologies; Bajaj Auto Ltd.; TVS Motor Company; Gogoro Inc.; Ampere Vehicles; Ola Electric Mobility; Vmoto Limited; Revolt Motors; Mahindra Electric Mobility Ltd.; BMW Motorrad; Honda Motor Co., Ltd.; and Piaggio Group.

Polaris Market Research has segmented the electric two-wheeler market report on the basis of vehicle type, application, battery type, and region:

By Vehicle Type Outlook (Revenue, USD Billion, 2020-2034)

Electric Scooters
Electric Motorcycles
Electric Mopeds

By Application Outlook (Revenue, USD Billion, 2020-2034)

Personal Use
Commercial Use (e.g., Delivery Services, Ride-Hailing)

By Battery Type Outlook (Revenue, USD Billion, 2020-2034)

Lithium-Ion Batteries
Lead-Acid Batteries

By Regional Outlook (Revenue, USD Billion, 2020-2034)

North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Netherlands
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Malaysia
South Korea
Indonesia
Australia
Vietnam
Rest of Asia Pacific
Middle East & Africa
Saudi Arabia
UAE
Israel
South Africa
Rest of Middle East & Africa
Latin America
Mexico
Brazil
Argentina
Rest of Latin America

Product Code: PM1356

1. Introduction

1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary

2.1. Market Highlights

3. Research Methodology

3.1. Overview
- 3.1.1. Data Mining
3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources

4. Global Electric Two-Wheeler Market Insights

4.1. Electric Two-Wheeler Market - Market Snapshot
4.2. Electric Two-Wheeler Market Dynamics
- 4.2.1. Drivers and Opportunities
  - 4.2.1.1. Stringent Government Policies
  - 4.2.1.2. Advancements in Battery Technology
- 4.2.2. Restraints and Challenges
  - 4.2.2.1. Limited Charging Infrastructure
4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Electric Two-Wheeler Market Trends
4.6. Value Chain Analysis

5. Global Electric Two-Wheeler Market, by Vehicle Type

5.1. Key Findings
5.2. Introduction
- 5.2.1. Global Electric Two-Wheeler Market, by Vehicle Type, 2020-2034 (USD Billion)
5.3. Electric Scooters
- 5.3.1. Global Electric Two-Wheeler Market, by Electric Scooters, by Region, 2020-2034 (USD Billion)
5.4. Electric Motorcycles
- 5.4.1. Global Electric Two-Wheeler Market, by Electric Motorcycles, by Region, 2020-2034 (USD Billion)
5.5. Electric Mopeds
- 5.5.1. Global Electric Two-Wheeler Market, by Electric Mopeds, by Region, 2020-2034 (USD Billion)

6. Global Electric Two-Wheeler Market, by Application

6.1. Key Findings
6.2. Introduction
- 6.2.1. Global Electric Two-Wheeler Market, by Application, 2020-2034 (USD Billion)
6.3. Personal Use
- 6.3.1. Global Electric Two-Wheeler Market, by Personal Use, by Region, 2020-2034 (USD Billion)
6.4. Commercial Use
- 6.4.1. Global Electric Two-Wheeler Market, by Commercial Use, by Region, 2020-2034 (USD Billion)

7. Global Electric Two-Wheeler Market, by Battery Type

7.1. Key Findings
7.2. Introduction
- 7.2.1. Global Electric Two-Wheeler Market, by Battery Type, 2020-2034 (USD Billion)
7.3. Lithium-Ion Batteries
- 7.3.1. Global Electric Two-Wheeler Market, by Lithium-Ion Batteries, by Region, 2020-2034 (USD Billion)
7.4. Lead-Acid Batteries
- 7.4.1. Global Electric Two-Wheeler Market, by Lead-Acid Batteries, by Region, 2020-2034 (USD Billion)

8. Global Electric Two-Wheeler Market, by Geography

8.1. Key Findings
8.2. Introduction
- 8.2.1. Electric Two-Wheeler Market Assessment, By Geography, 2020-2034 (USD Billion)
8.3. Electric Two-Wheeler Market - North America
- 8.3.1. North America: Electric Two-Wheeler Market, by Vehicle Type, 2020-2034 (USD Billion)
- 8.3.2. North America: Electric Two-Wheeler Market, by Application, 2020-2034 (USD Billion)
- 8.3.3. North America: Electric Two-Wheeler Market, by Battery Type, 2020-2034 (USD Billion)
- 8.3.4. Electric Two-Wheeler Market - US
  - 8.3.4.1. US: Electric Two-Wheeler Market, by Vehicle Type, 2020-2034 (USD Billion)
  - 8.3.4.2. US: Electric Two-Wheeler Market, by Application, 2020-2034 (USD Billion)
  - 8.3.4.3. US: Electric Two-Wheeler Market, by Battery Type, 2020-2034 (USD Billion)
- 8.3.5. Electric Two-Wheeler Market - Canada
  - 8.3.5.1. Canada: Electric Two-Wheeler Market, by Vehicle Type, 2020-2034 (USD Billion)
  - 8.3.5.2. Canada: Electric Two-Wheeler Market, by Application, 2020-2034 (USD Billion)
  - 8.3.5.3. Canada: Electric Two-Wheeler Market, by Battery Type, 2020-2034 (USD Billion)
8.4. Electric Two-Wheeler Market - Europe
- 8.4.1. Europe: Electric Two-Wheeler Market, by Vehicle Type, 2020-2034 (USD Billion)
- 8.4.2. Europe: Electric Two-Wheeler Market, by Application, 2020-2034 (USD Billion)
- 8.4.3. Europe: Electric Two-Wheeler Market, by Battery Type, 2020-2034 (USD Billion)
- 8.4.4. Electric Two-Wheeler Market - UK
  - 8.4.4.1. UK: Electric Two-Wheeler Market, by Vehicle Type, 2020-2034 (USD Billion)
  - 8.4.4.2. UK: Electric Two-Wheeler Market, by Application, 2020-2034 (USD Billion)
  - 8.4.4.3. UK: Electric Two-Wheeler Market, by Battery Type, 2020-2034 (USD Billion)
- 8.4.5. Electric Two-Wheeler Market - France
  - 8.4.5.1. France: Electric Two-Wheeler Market, by Vehicle Type, 2020-2034 (USD Billion)
  - 8.4.5.2. France: Electric Two-Wheeler Market, by Application, 2020-2034 (USD Billion)
  - 8.4.5.3. France: Electric Two-Wheeler Market, by Battery Type, 2020-2034 (USD Billion)
- 8.4.6. Electric Two-Wheeler Market - Germany
  - 8.4.6.1. Germany: Electric Two-Wheeler Market, by Vehicle Type, 2020-2034 (USD Billion)
  - 8.4.6.2. Germany: Electric Two-Wheeler Market, by Application, 2020-2034 (USD Billion)
  - 8.4.6.3. Germany: Electric Two-Wheeler Market, by Battery Type, 2020-2034 (USD Billion)
- 8.4.7. Electric Two-Wheeler Market - Italy
  - 8.4.7.1. Italy: Electric Two-Wheeler Market, by Vehicle Type, 2020-2034 (USD Billion)
  - 8.4.7.2. Italy: Electric Two-Wheeler Market, by Application, 2020-2034 (USD Billion)
  - 8.4.7.3. Italy: Electric Two-Wheeler Market, by Battery Type, 2020-2034 (USD Billion)
- 8.4.8. Electric Two-Wheeler Market - Spain
  - 8.4.8.1. Spain: Electric Two-Wheeler Market, by Vehicle Type, 2020-2034 (USD Billion)
  - 8.4.8.2. Spain: Electric Two-Wheeler Market, by Application, 2020-2034 (USD Billion)
  - 8.4.8.3. Spain: Electric Two-Wheeler Market, by Battery Type, 2020-2034 (USD Billion)
- 8.4.9. Electric Two-Wheeler Market - Netherlands
  - 8.4.9.1. Netherlands: Electric Two-Wheeler Market, by Vehicle Type, 2020-2034 (USD Billion)
  - 8.4.9.2. Netherlands: Electric Two-Wheeler Market, by Application, 2020-2034 (USD Billion)
  - 8.4.9.3. Netherlands: Electric Two-Wheeler Market, by Battery Type, 2020-2034 (USD Billion)
- 8.4.10. Electric Two-Wheeler Market - Russia
  - 8.4.10.1. Russia: Electric Two-Wheeler Market, by Vehicle Type, 2020-2034 (USD Billion)
  - 8.4.10.2. Russia: Electric Two-Wheeler Market, by Application, 2020-2034 (USD Billion)
  - 8.4.10.3. Russia: Electric Two-Wheeler Market, by Battery Type, 2020-2034 (USD Billion)
- 8.4.11. Electric Two-Wheeler Market - Rest of Europe
  - 8.4.11.1. Rest of Europe: Electric Two-Wheeler Market, by Vehicle Type, 2020-2034 (USD Billion)
  - 8.4.11.2. Rest of Europe: Electric Two-Wheeler Market, by Application, 2020-2034 (USD Billion)
  - 8.4.11.3. Rest of Europe: Electric Two-Wheeler Market, by Battery Type, 2020-2034 (USD Billion)
8.5. Electric Two-Wheeler Market - Asia Pacific
- 8.5.1. Asia Pacific: Electric Two-Wheeler Market, by Vehicle Type, 2020-2034 (USD Billion)
- 8.5.2. Asia Pacific: Electric Two-Wheeler Market, by Application, 2020-2034 (USD Billion)
- 8.5.3. Asia Pacific: Electric Two-Wheeler Market, by Battery Type, 2020-2034 (USD Billion)
- 8.5.4. Electric Two-Wheeler Market - China
  - 8.5.4.1. China: Electric Two-Wheeler Market, by Vehicle Type, 2020-2034 (USD Billion)
  - 8.5.4.2. China: Electric Two-Wheeler Market, by Application, 2020-2034 (USD Billion)
  - 8.5.4.3. China: Electric Two-Wheeler Market, by Battery Type, 2020-2034 (USD Billion)
- 8.5.5. Electric Two-Wheeler Market - India
  - 8.5.5.1. India: Electric Two-Wheeler Market, by Vehicle Type, 2020-2034 (USD Billion)
  - 8.5.5.2. India: Electric Two-Wheeler Market, by Application, 2020-2034 (USD Billion)
  - 8.5.5.3. India: Electric Two-Wheeler Market, by Battery Type, 2020-2034 (USD Billion)
- 8.5.6. Electric Two-Wheeler Market - Malaysia
  - 8.5.6.1. Malaysia: Electric Two-Wheeler Market, by Vehicle Type, 2020-2034 (USD Billion)
  - 8.5.6.2. Malaysia: Electric Two-Wheeler Market, by Application, 2020-2034 (USD Billion)
  - 8.5.6.3. Malaysia: Electric Two-Wheeler Market, by Battery Type, 2020-2034 (USD Billion)
- 8.5.7. Electric Two-Wheeler Market - Japan
  - 8.5.7.1. Japan: Electric Two-Wheeler Market, by Vehicle Type, 2020-2034 (USD Billion)
  - 8.5.7.2. Japan: Electric Two-Wheeler Market, by Application, 2020-2034 (USD Billion)
  - 8.5.7.3. Japan: Electric Two-Wheeler Market, by Battery Type, 2020-2034 (USD Billion)
- 8.5.8. Electric Two-Wheeler Market - Indonesia
  - 8.5.8.1. Indonesia: Electric Two-Wheeler Market, by Vehicle Type, 2020-2034 (USD Billion)
  - 8.5.8.2. Indonesia: Electric Two-Wheeler Market, by Application, 2020-2034 (USD Billion)
  - 8.5.8.3. Indonesia: Electric Two-Wheeler Market, by Battery Type, 2020-2034 (USD Billion)
- 8.5.9. Electric Two-Wheeler Market - South Korea
  - 8.5.9.1. South Korea: Electric Two-Wheeler Market, by Vehicle Type, 2020-2034 (USD Billion)
  - 8.5.9.2. South Korea: Electric Two-Wheeler Market, by Application, 2020-2034 (USD Billion)
  - 8.5.9.3. South Korea: Electric Two-Wheeler Market, by Battery Type, 2020-2034 (USD Billion)
- 8.5.10. Electric Two-Wheeler Market - Australia
  - 8.5.10.1. Australia: Electric Two-Wheeler Market, by Vehicle Type, 2020-2034 (USD Billion)
  - 8.5.10.2. Australia: Electric Two-Wheeler Market, by Application, 2020-2034 (USD Billion)
  - 8.5.10.3. Australia: Electric Two-Wheeler Market, by Battery Type, 2020-2034 (USD Billion)
- 8.5.11. Electric Two-Wheeler Market - Rest of Asia Pacific
  - 8.5.11.1. Rest of Asia Pacific: Electric Two-Wheeler Market, by Vehicle Type, 2020-2034 (USD Billion)
  - 8.5.11.2. Rest of Asia Pacific: Electric Two-Wheeler Market, by Application, 2020-2034 (USD Billion)
  - 8.5.11.3. Rest of Asia Pacific: Electric Two-Wheeler Market, by Battery Type, 2020-2034 (USD Billion)
8.6. Electric Two-Wheeler Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Electric Two-Wheeler Market, by Vehicle Type, 2020-2034 (USD Billion)
- 8.6.2. Middle East & Africa: Electric Two-Wheeler Market, by Application, 2020-2034 (USD Billion)
- 8.6.3. Middle East & Africa: Electric Two-Wheeler Market, by Battery Type, 2020-2034 (USD Billion)
- 8.6.4. Electric Two-Wheeler Market - Saudi Arabia
  - 8.6.4.1. Saudi Arabia: Electric Two-Wheeler Market, by Vehicle Type, 2020-2034 (USD Billion)
  - 8.6.4.2. Saudi Arabia: Electric Two-Wheeler Market, by Application, 2020-2034 (USD Billion)
  - 8.6.4.3. Saudi Arabia: Electric Two-Wheeler Market, by Battery Type, 2020-2034 (USD Billion)
- 8.6.5. Electric Two-Wheeler Market - UAE
  - 8.6.5.1. UAE: Electric Two-Wheeler Market, by Vehicle Type, 2020-2034 (USD Billion)
  - 8.6.5.2. UAE: Electric Two-Wheeler Market, by Application, 2020-2034 (USD Billion)
  - 8.6.5.3. UAE: Electric Two-Wheeler Market, by Battery Type, 2020-2034 (USD Billion)
- 8.6.6. Electric Two-Wheeler Market - Israel
  - 8.6.6.1. Israel: Electric Two-Wheeler Market, by Vehicle Type, 2020-2034 (USD Billion)
  - 8.6.6.2. Israel: Electric Two-Wheeler Market, by Application, 2020-2034 (USD Billion)
  - 8.6.6.3. Israel: Electric Two-Wheeler Market, by Battery Type, 2020-2034 (USD Billion)
- 8.6.7. Electric Two-Wheeler Market - South Africa
  - 8.6.7.1. South Africa: Electric Two-Wheeler Market, by Vehicle Type, 2020-2034 (USD Billion)
  - 8.6.7.2. South Africa: Electric Two-Wheeler Market, by Application, 2020-2034 (USD Billion)
  - 8.6.7.3. South Africa: Electric Two-Wheeler Market, by Battery Type, 2020-2034 (USD Billion)
- 8.6.8. Electric Two-Wheeler Market - Rest of Middle East & Africa
  - 8.6.8.1. Rest of Middle East & Africa: Electric Two-Wheeler Market, by Vehicle Type, 2020-2034 (USD Billion)
  - 8.6.8.2. Rest of Middle East & Africa: Electric Two-Wheeler Market, by Application, 2020-2034 (USD Billion)
  - 8.6.8.3. Rest of Middle East & Africa: Electric Two-Wheeler Market, by Battery Type, 2020-2034 (USD Billion)
8.7. Electric Two-Wheeler Market - Latin America
- 8.7.1. Latin America: Electric Two-Wheeler Market, by Vehicle Type, 2020-2034 (USD Billion)
- 8.7.2. Latin America: Electric Two-Wheeler Market, by Application, 2020-2034 (USD Billion)
- 8.7.3. Latin America: Electric Two-Wheeler Market, by Battery Type, 2020-2034 (USD Billion)
- 8.7.4. Electric Two-Wheeler Market - Mexico
  - 8.7.4.1. Mexico: Electric Two-Wheeler Market, by Vehicle Type, 2020-2034 (USD Billion)
  - 8.7.4.2. Mexico: Electric Two-Wheeler Market, by Application, 2020-2034 (USD Billion)
  - 8.7.4.3. Mexico: Electric Two-Wheeler Market, by Battery Type, 2020-2034 (USD Billion)
- 8.7.5. Electric Two-Wheeler Market - Brazil
  - 8.7.5.1. Brazil: Electric Two-Wheeler Market, by Vehicle Type, 2020-2034 (USD Billion)
  - 8.7.5.2. Brazil: Electric Two-Wheeler Market, by Application, 2020-2034 (USD Billion)
  - 8.7.5.3. Brazil: Electric Two-Wheeler Market, by Battery Type, 2020-2034 (USD Billion)
- 8.7.6. Electric Two-Wheeler Market - Argentina
  - 8.7.6.1. Argentina: Electric Two-Wheeler Market, by Vehicle Type, 2020-2034 (USD Billion)
  - 8.7.6.2. Argentina: Electric Two-Wheeler Market, by Application, 2020-2034 (USD Billion)
  - 8.7.6.3. Argentina: Electric Two-Wheeler Market, by Battery Type, 2020-2034 (USD Billion)
- 8.7.7. Electric Two-Wheeler Market - Rest of Latin America
  - 8.7.7.1. Rest of Latin America: Electric Two-Wheeler Market, by Vehicle Type, 2020-2034 (USD Billion)
  - 8.7.7.2. Rest of Latin America: Electric Two-Wheeler Market, by Application, 2020-2034 (USD Billion)
  - 8.7.7.3. Rest of Latin America: Electric Two-Wheeler Market, by Battery Type, 2020-2034 (USD Billion)

9. Competitive Landscape

9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
9.2. Partnerships/Collaborations/Agreements/Exhibitions

10. Company Profiles

10.1. Yadea Group Holdings Ltd.
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
10.2. Hero Electric
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
10.3. Ather Energy
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
10.4. Niu Technologies
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
10.5. Bajaj Auto Ltd.
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
10.6. TVS Motor Company
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
10.7. Gogoro Inc.
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
10.8. Ampere Vehicles
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
10.9. Ola Electric Mobility
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
10.10. Vmoto Limited
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
10.11. Revolt Motors
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
10.12. Mahindra Electric Mobility Ltd.
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
10.13. BMW Motorrad
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development
10.14. Honda Motor Co., Ltd.
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Recent Development
10.15. Piaggio Group
- 10.15.1. Company Overview
- 10.15.2. Financial Performance
- 10.15.3. Product Benchmarking
- 10.15.4. Recent Development