Global Electric two-wheelers Market is growing at high growth rate during forecast period of four years from 2018. Electric two-wheelers Market is segmented by Type (Electric Motorcycles and Electric Scooters), Battery Type (Sealed lead Acid, Li-ion, and Others), by Voltage (36V, 24V, 48V, More than 48V) and by Region in this report.
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Electric two-wheelers Market Key Players Analyzed in Report Are:
Vmoto Limited (Australia), Hero Electric (India), Jiangsu Xinri E-Vehicle Co.,Ltd. (China), and Ampere Vehicles Private Ltd. (India). YO bykes (India), Yadea Tech. Group Co., Ltd. (China), F-wheel DYU (China), Hybike (China), Robstep (China), and Zero Motorcycles Inc. (U.S.) are among others.
The global Electric two-wheelers Market is highly competitive. The market players are leveraging various strategies such as acquisitions, partnerships, and investments to stay ahead of the competition in the global Electric two-wheelers Market.
The global electric two-wheelers market is a very dynamic market and is expected to witness high growth over the forecast period. The market is driven by various factors such as rising demand among tourists and emergence of eco-friendly vehicles with strict government regulations. Tourism has witnessed continuous growth and extending its diversification to become one of the fastest growing economic sector in the world. Modern tourism is closely linked to development and covers growing number of new destinations. These dynamics have turned tourism into a key driver for the growth of automotive industry.
The emergence of eco-friendly vehicles has also played a major role in the increasing sales of e- two wheelers. Electric car deployment can also be supported by increasing the appeal of electric cars over competing alternatives and providing advantages. Some of the advantages are reduced fees, privileged access and time savings to electric motorcycle and scooter drivers. The growth of electric two-wheelers market is restrained by lead poisoning and battery recycling. The market is also expected to experience growth opportunities with the increasing initiatives for establishment of electric vehicle supply chain.
Asia Pacific region is expected to dominate the growth of the market over the forecast period. The presence of China, Japan and South Korea, is one of the major factors driving the electric two-wheeler market. China is the largest market for electric two wheeler. Since 2015, the sales have grown massively in China. However, it has created ample scope for the automakers to cover the region. Moreover, the automakers such as Tesla, Tata Motors, and Hyundai have decided to initiate the electric vehicle production in India as well. This has been quiet a profitable decision as the government has also taken various steps to make more investment in these countries.
In Asia-Pacific, China is the largest market for electric vehicles production and has contributed the maximum in production of total electric vehicle build globally in 2016. Overtaking the U.S., China is now the most attractive country for electric motorcycle and scooters. China has stretched its industry leadership by making profits across all scopes of the supply side of electric motorcycle and scooter, covering current and projected production of electric two wheelers and their components, such as electric motors and lithium-ion battery cells. Energy is playing a key role in the rapid development of China. The country’s industrialization and the growth in its gross domestic product (GDP), depends heavily on the availability of affordable and reliable energy. E-bicycles, motorcycles and scooters have become popular in many Chinese cities because they provide benefits given their private mobility, accessibility, time saving, low cost, and environmental friendliness.
Based on type, the market is segmented as electric scooters and electric motorcycles. During 2016, the electric scooters market segment accounted for the largest market share, owing to factors such as the increased sales of scooters in developing countries such as India and China. Also, growth in technological innovations coupled with stringent environmental regulations across the globe is anticipated to contribute in the growth of the electric two-wheeler market in the forecast period.
Based on voltage, the market is segment as 36V, 24V, 48V, more than 48V. Among these, 48V and more than 48V segment, accounted a major revenue share in 2017 and is estimated to witness significant growth over the forecast period. The high voltage levels of batteries offer cost-effective opportunities for hybridization of vehicles.
On the basis of battery type, the market segments are sealed lead acid, Li-ion and others. Until the past few years, sealed lead acid batteries were used due to their benefits such as robustness and low costs. However, overheating and bulkiness of these batteries due to charging are some of the disadvantages, which make them discharge quickly even without handling heavy loads. On the other hand, with improved efficiency and advantages of lithium-ion battery packs, electric two-wheeler manufacturers are gradually switching to them. Due to this, li-ion is estimated to account for a larger share in the years to come.
List of Tables:
TABLE 1 GLOBAL ELECTRIC TWO WHEELER MARKET: BY REGION, 2017-2023
TABLE 2 NORTH AMERICA ELECTRIC TWO WHEELER MARKET: BY COUNTRY, 2017-2023
TABLE 3 EUROPE ELECTRIC TWO WHEELER MARKET: BY COUNTRY, 2017-2023
TABLE 4 ASIA PACIFIC ELECTRIC TWO WHEELER MARKET: BY COUNTRY, 2017-2023
TABLE 5 ROW ELECTRIC TWO WHEELER MARKET: BY COUNTRY, 2017-2023
TABLE 6 GLOBAL ELECTRIC TWO WHEELER MARKET, BY TYPE, BY REGIONS, 017-2023
TABLE 7 NORTH AMERICA ELECTRIC TWO WHEELER MARKET, BY TYPE, BY COUNTRY, 2017-2023
TABLE 8 EUROPE ELECTRIC TWO WHEELER MARKET, BY TYPE, BY COUNTRY, 2017-2023
TABLE 9 ASIA PACIFIC ELECTRIC TWO WHEELER MARKET BY TYPE, BY COUNTRY, 2017-2023
TABLE 10 ROW ELECTRIC TWO WHEELER MARKET BY TYPE, BY COUNTRY, 2017-2023
TABLE 11 GLOBAL ELECTRIC TWO WHEELER BY VOLTAGE MARKET: BY REGIONS, 2017-2023
TABLE 12 NORTH AMERICA ELECTRIC TWO WHEELER MARKET BY VOLTAGE: BY COUNTRY, 2017-2023
TABLE 13 EUROPE ELECTRIC TWO WHEELER MARKET BY VOLTAGE: BY COUNTRY, 2017-2023
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