Electric Two-Wheeler Components Market - Global Industry Size, Share, Trends Opportunity, and Forecast, Segmented By Vehicle Type, By Demand Category, By Component Type, By Region & Competition, and By Competition, 2021-2031F

Description

The Global Electric Two-Wheeler Components Market is projected to expand from USD 45.12 Billion in 2025 to USD 72.24 Billion by 2031, reflecting a CAGR of 8.16%. This sector encompasses the critical electrical and mechanical subsystems necessary for operating battery-powered motorcycles and scooters, including controllers, traction motors, battery management systems, and charging units. Growth in this market is fundamentally supported by strict government emission regulations that encourage the shift away from internal combustion engines, alongside rising urbanization that demands efficient, low-emission personal mobility options. These regulatory and economic drivers ensure a consistent demand for lightweight structural parts and specialized electric powertrains, fostering industry expansion independent of consumer technology trends.

Market Overview
Forecast Period	2027-2031
Market Size 2025	USD 45.12 Billion
Market Size 2031	USD 72.24 Billion
CAGR 2026-2031	8.16%
Fastest Growing Segment	Motorcycle
Largest Market	Asia Pacific

However, the market faces a substantial obstacle due to demand volatility in key manufacturing hubs, which introduces unpredictability into the global supply chain. This fluctuation creates significant difficulties for component suppliers regarding inventory management and long-term production planning. For instance, data from the China Chamber of Commerce for Motorcycles indicates that the production of electric motorcycles stood at roughly 3.4 million units in 2024, a statistic that underscores the ongoing regulatory shifts and market adjustments that directly impact the volume of components required by original equipment manufacturers.

Market Driver

The implementation of favorable government subsidies and policies acts as a primary catalyst for the electric two-wheeler components market, effectively bridging the price gap between electric vehicles and internal combustion engine models. These financial incentives accelerate the procurement of essential parts like motors, controllers, and wiring harnesses as manufacturers scale up production to meet subsidized demand. Additionally, many schemes mandate domestic value addition, compelling suppliers to localize manufacturing to qualify for fiscal benefits. As noted by the Press Information Bureau in September 2024 regarding the 'Cabinet approves PM E-DRIVE Scheme,' the Government of India has allocated INR 3,679 crore to support the deployment of 2.48 million electric two-wheelers, thereby securing future order volumes for drivetrain and electronic component manufacturers.

A second critical driver is the advancement of battery technology and declining pack costs, which fundamentally alters total ownership costs and expands the addressable market for suppliers. As cell chemistry evolves toward more affordable Sodium-ion and Lithium Iron Phosphate (LFP) solutions, the reduction in battery expenses allows OEMs to invest in superior power electronics and battery management systems. According to a February 2024 CnEVPost article titled 'CATL, BYD pushing battery costs down,' major manufacturers are targeting cell costs as low as RMB 0.3 per watt-hour, significantly lowering the bill of materials. This cost reduction supports volume growth in price-sensitive regions, evidenced by the Federation of Automobile Dealers Associations reporting retail sales of approximately 947,000 electric two-wheelers in India for the 2024 fiscal year.

Market Challenge

Demand volatility within major manufacturing hubs presents a formidable barrier to the growth of the Global Electric Two-Wheeler Components Market. This unpredictability causes severe inefficiencies throughout the supply chain, making it difficult for component manufacturers to accurately forecast production requirements. The absence of stable order volumes forces suppliers to maintain conservative inventory levels to avoid dead stock, a practice that ties up working capital and erodes profit margins. Consequently, companies are often hesitant to commit to the long-term facility upgrades and research initiatives necessary to advance the industry.

The severity of this instability is highlighted by recent performance metrics from the world's largest market. Data from the China Chamber of Commerce for Motorcycles reveals that sales of electric motorcycles in 2024 experienced a year-on-year decline of approximately 28%. This significant contraction illustrates the erratic nature of market demand, which undermines the confidence required for sustained investment in the component sector and directly hampers the pace of global market expansion.

Market Trends

The transition toward mid-drive motors for high-performance models is fundamentally reshaping the drivetrain segment, driven by consumer preference for scooters that offer superior thermal management and gradeability compared to entry-level hub motor variants. This shift requires a complex assembly of belts, pulleys, and swing-arm mounted units, migrating value generation from simple wheel-integrated motors to sophisticated transmission systems. The commercial viability of this trend is confirmed by the rapid growth of premium vehicle sales utilizing these powertrains; for example, Hero MotoCorp's April 2025 press release, 'Hero MotoCorp Fortifies Market Leadership in Financial Year 2025,' reported a 200% surge in electric vehicle sales over the previous fiscal year, largely attributed to the success of its high-performance VIDA platform.

Simultaneously, the adoption of IoT-enabled smart battery management systems (BMS) is transforming the component landscape from a hardware-centric model to a software-defined value chain. Manufacturers are increasingly embedding advanced microprocessors and telematics units directly into battery packs to enable real-time state-of-health monitoring, predictive thermal balancing, and over-the-air firmware updates. This emphasis on intelligent energy management has compelled OEMs to direct substantial capital toward software engineering and electronic architecture. According to Ather Energy Limited's 'Abridged Prospectus' filed in April 2025, the firm allocated INR 750 crore to research and development, underscoring the industry-wide pivot toward developing proprietary intelligent systems that differentiate component capabilities.

Key Market Players

Continental AG
Robert Bosch GmbH
Denso Corporation
Hella GmbH & Co. KGaA
Toyota Industries Corporation
Hyundai Mobis
Samsung SDI Co. Ltd
Panasonic Corporation
Contemporary Amperex Technology Co. Ltd. (CATL)
BorgWarner Inc

Report Scope

In this report, the Global Electric Two-Wheeler Components Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Electric Two-Wheeler Components Market, By Vehicle Type

Motorcycle
Scooter

Electric Two-Wheeler Components Market, By Demand Category

OEM
Aftermarket

Electric Two-Wheeler Components Market, By Component Type

Battery Packs
DC-DC Converter
Controller & Inverter
Motor
On-Board Chargers
Other Component Types

Electric Two-Wheeler Components Market, By Region

North America
- United States
- Canada
- Mexico
Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
South America
- Brazil
- Argentina
- Colombia
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Electric Two-Wheeler Components Market.

Available Customizations:

Global Electric Two-Wheeler Components Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Electric Two-Wheeler Components Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Vehicle Type (Motorcycle, Scooter)
- 5.2.2. By Demand Category (OEM, Aftermarket)
- 5.2.3. By Component Type (Battery Packs, DC-DC Converter, Controller & Inverter, Motor, On-Board Chargers, Other Component Types)
- 5.2.4. By Region
- 5.2.5. By Company (2025)
5.3. Market Map

6. North America Electric Two-Wheeler Components Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Vehicle Type
- 6.2.2. By Demand Category
- 6.2.3. By Component Type
- 6.2.4. By Country
6.3. North America: Country Analysis
- 6.3.1. United States Electric Two-Wheeler Components Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Vehicle Type
    - 6.3.1.2.2. By Demand Category
    - 6.3.1.2.3. By Component Type
- 6.3.2. Canada Electric Two-Wheeler Components Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Vehicle Type
    - 6.3.2.2.2. By Demand Category
    - 6.3.2.2.3. By Component Type
- 6.3.3. Mexico Electric Two-Wheeler Components Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Vehicle Type
    - 6.3.3.2.2. By Demand Category
    - 6.3.3.2.3. By Component Type

7. Europe Electric Two-Wheeler Components Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Vehicle Type
- 7.2.2. By Demand Category
- 7.2.3. By Component Type
- 7.2.4. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany Electric Two-Wheeler Components Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Vehicle Type
    - 7.3.1.2.2. By Demand Category
    - 7.3.1.2.3. By Component Type
- 7.3.2. France Electric Two-Wheeler Components Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Vehicle Type
    - 7.3.2.2.2. By Demand Category
    - 7.3.2.2.3. By Component Type
- 7.3.3. United Kingdom Electric Two-Wheeler Components Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Vehicle Type
    - 7.3.3.2.2. By Demand Category
    - 7.3.3.2.3. By Component Type
- 7.3.4. Italy Electric Two-Wheeler Components Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Vehicle Type
    - 7.3.4.2.2. By Demand Category
    - 7.3.4.2.3. By Component Type
- 7.3.5. Spain Electric Two-Wheeler Components Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Vehicle Type
    - 7.3.5.2.2. By Demand Category
    - 7.3.5.2.3. By Component Type

8. Asia Pacific Electric Two-Wheeler Components Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Vehicle Type
- 8.2.2. By Demand Category
- 8.2.3. By Component Type
- 8.2.4. By Country
8.3. Asia Pacific: Country Analysis
- 8.3.1. China Electric Two-Wheeler Components Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Vehicle Type
    - 8.3.1.2.2. By Demand Category
    - 8.3.1.2.3. By Component Type
- 8.3.2. India Electric Two-Wheeler Components Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Vehicle Type
    - 8.3.2.2.2. By Demand Category
    - 8.3.2.2.3. By Component Type
- 8.3.3. Japan Electric Two-Wheeler Components Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Vehicle Type
    - 8.3.3.2.2. By Demand Category
    - 8.3.3.2.3. By Component Type
- 8.3.4. South Korea Electric Two-Wheeler Components Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Vehicle Type
    - 8.3.4.2.2. By Demand Category
    - 8.3.4.2.3. By Component Type
- 8.3.5. Australia Electric Two-Wheeler Components Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Vehicle Type
    - 8.3.5.2.2. By Demand Category
    - 8.3.5.2.3. By Component Type

9. Middle East & Africa Electric Two-Wheeler Components Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Vehicle Type
- 9.2.2. By Demand Category
- 9.2.3. By Component Type
- 9.2.4. By Country
9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Electric Two-Wheeler Components Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Vehicle Type
    - 9.3.1.2.2. By Demand Category
    - 9.3.1.2.3. By Component Type
- 9.3.2. UAE Electric Two-Wheeler Components Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Vehicle Type
    - 9.3.2.2.2. By Demand Category
    - 9.3.2.2.3. By Component Type
- 9.3.3. South Africa Electric Two-Wheeler Components Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Vehicle Type
    - 9.3.3.2.2. By Demand Category
    - 9.3.3.2.3. By Component Type

10. South America Electric Two-Wheeler Components Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Vehicle Type
- 10.2.2. By Demand Category
- 10.2.3. By Component Type
- 10.2.4. By Country
10.3. South America: Country Analysis
- 10.3.1. Brazil Electric Two-Wheeler Components Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Vehicle Type
    - 10.3.1.2.2. By Demand Category
    - 10.3.1.2.3. By Component Type
- 10.3.2. Colombia Electric Two-Wheeler Components Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Vehicle Type
    - 10.3.2.2.2. By Demand Category
    - 10.3.2.2.3. By Component Type
- 10.3.3. Argentina Electric Two-Wheeler Components Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Vehicle Type
    - 10.3.3.2.2. By Demand Category
    - 10.3.3.2.3. By Component Type

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Global Electric Two-Wheeler Components Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Continental AG
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
15.2. Robert Bosch GmbH
15.3. Denso Corporation
15.4. Hella GmbH & Co. KGaA
15.5. Toyota Industries Corporation
15.6. Hyundai Mobis
15.7. Samsung SDI Co. Ltd
15.8. Panasonic Corporation
15.9. Contemporary Amperex Technology Co. Ltd. (CATL)
15.10. BorgWarner Inc