Electric Two-wheelers Market By Vehicle Type (E-Scooter and E-Motorcycle), By Battery Type (Sealed Lead-acid and Lithium-ion), By Technology (Plug-in Electric Two-wheeler and Battery Electric Two-wheeler), By Battery Voltage (24V, 36V, 48V and More than 48V) - Growth, Future Prospects and Competitive Landscape, 2019 – 2027
"Carbon Footprint Regulations as well as Advanced Batteries & Motors to Amplify Electric Two-wheelers Demand"
The global electric two-wheelers market was valued at US$ 12.72 Bn in 2018 and expected to witness a notable growth, expanding at CAGR of 8.17% during the forecast period from 2019 to 2027. Technological advancements in automotive field coupled with need for carbon emission control have paved the way for electric vehicles thereby stimulating the demand for electric two-wheelers. Electric two-wheelers accounted for major share in overall electric vehicles market worldwide in 2018. Rise in use of Lithium-ion (Li-ion) batteries by electric two-wheeler manufacturers owing to their low self-discharge, low maintenance, lightweight and fast charging capability is the key factor driving the market growth. Furthermore, tax imposition on fuel two-wheelers, subsidies offered on electric two-wheelers and strict emission norms being framed by various national governments are major factors propelling regional market growth. Electric two-wheelers offer key benefits such as low fuel cost, low maintenance cost and low operating noise among others. Such advantages further accelerate market growth and revenue generation.
Continuous innovations in battery industry to develop advanced battery systems, which are more compact, support quick charging and have more cycleability is projected to drive electric two-wheelers market during forecast period. For instance, engineers at Nanyang Technological University in Singapore announced to develop new Li-ion battery that takes 5 minutes for complete charging along with 10,000 charge cycles and can successfully last for approximately 1.5 Mn KMs of vehicle running. Similarly, organizations are aiming to develop better electric motors that efficiently work under higher loads and conserve battery power at the same time. For instance, Siemens announced a new electric motor with integrated inverter in motor housing. This arrangement converts DC output of battery to AC before supplying it to the motor for optimum usage. Currently under development stage, such innovations can turn the tables for electric two-wheelers market growth.
"E-Scooters accounted for the Largest Market Share in 2018"
As of 2018, global electric two-wheelers market was dominated by electric scooters. Electric scooters are available at much lower cost than electric motorcycles in the market. Growing female consumer base, wide popularity among teenagers and relatively simpler maintenance are key factors contributing to e-scooters market domination. Apart from this, rapid deployment of public charging infrastructure in remote areas is expected to contribute significantly in electric scooters market growth across the forecast period. However, electric motorcycles are projected to have higher growth rate and more market penetration during forecast period owing to advancement in lithium-ion batteries and reduced cost of the same.
"Asia Pacific Garnered Largest Market Share in 2018"
Based on geography, the global electric two-wheelers market was led by Asia Pacific in 2018 and is likely to continue its domination throughout the forecast period. Growth of this region is mainly accredited to the shift of emerging economies such as China, Taiwan and India towards e-vehicles. China manufactures majority of electric two-wheelers in Asia Pacific and remains the primary contributor in revenue generation of this region. Extensive government initiatives to reduce & control environmental pollution, health hazards and premature death rate caused by air pollution help propelling electric two-wheelers market in China. However, in India, the electric two-wheelers market is growing at a steady pace. In order to increase the market penetration of electric vehicles, Government of India has launched several schemes that offer subsidies & incentives on electric vehicles and development of public charging infrastructure. For instance, Faster Adoption of (Hybrid &) Electric Vehicles in India [FAME–India] scheme promotes electric mobility in India by incentivizing electric vehicle production. Such supportive schemes are expected to increase electric two-wheelers market growth across the region.
Competitive Insights
Electric two-wheelers manufacturers are adopting strategies like new product development through technological advancements, competitive pricing, geographic expansion and mergers & acquisitions to cater the needs of their customers and gain competitive advantage over other players in market. Key players in the electric two-wheelers market include Zero Motorcycles, Inc., F-wheel DYU, Jiangsu Xinari E-vehicle Co., Ltd., YO bykes, Hero Electric, Hybikes, Yadea Tech. Group Co., Ampere Vehicles Private Ltd., Vmoto Ltd., Energica Motor Company, Sanyang Industry, Zhejiang Luyuan Electric Vehicle, Guangzhou Camqi Electric Vehicle and Alta Motors among others.
Historical & Forecast Period
The research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compound Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
Electric Two-wheelers market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global electric two-wheelers market based on vehicle type, battery type, technology, battery voltage and geography. Key segments covered in the report are as follows:
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2017-2027 |
| Base Year | 2018 |
| Forecast Period | 2019-2027 |
| Historical Year | 2017 |
| Unit | USD Billion |
| Segmentation |
Vehicle Type Segment (2017-2027; US$ Bn) |
|
Battery Type Segment (2017-2027; US$ Bn) |
|
|
Technology Segment (2017–2027; US$ Bn) |
|
|
Battery Voltage Segment (2017–2027; US$ Bn) |
|
|
Geography Segment (2017-2027; US$ Bn) |
Key questions answered in this report
- What was the market size of electric two-wheelers in 2018 and forecast up to 2027?
- What are the key factors driving the global electric two-wheelers market?
- What are the key market trends and high-growth opportunities observed in the electric two-wheelers market?
- Which is the largest regional market for electric two-wheelers market?
- Which segment will grow at a faster pace? Why?
- Which region will drive the market growth? Why?
- Which players are leading the electric two-wheelers market?
- What are the sustainability strategies adopted by the key players operating in the market?
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation
2. Executive Summary
2.1. Market Snapshot: Global ETW Market
2.2. Global ETW Market, by Vehicle Type, 2018 (US$ Bn)
2.3. Global ETW Market, by Battery Type, 2018 (US$ Bn)
2.4. Global ETW Market, by Technology, 2018 (US$ Bn)
2.5. Global ETW Market, by Battery Voltage, 2018 (US$ Bn)
2.6. Global ETW Market, by Geography, 2018 (US$ Bn)
3. Market Dynamics
3.1. Introduction
3.1.1. Global ETW Market Value, 2017 – 2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players
4. Global Electric Two-wheelers (ETW) Market, by Vehicle Type , 2017 – 2027 (US$ Bn)
4.1. Overview
4.2. E-Scooter
4.3. E-Motorcycle
5. Global Electric Two-wheelers (ETW) Market, by Battery Type, 2017 – 2027 (US$ Bn)
5.1. Overview
5.2. Sealed Lead-acid
5.3. Lithium-ion (Li-ion)
6. Global Electric Two-wheelers (ETW) Market, by Technology, 2017 – 2027 (US$ Bn)
6.1. Overview
6.2. Plug-in Electric Two-wheeler
6.3. Battery Electric Two-wheeler
7. Global Electric Two-wheelers (ETW) Market, by Battery Voltage, 2017 – 2027 (US$ Bn)
7.1. Overview
7.2. 24 V
7.3. 36 V
7.4. 48 V
7.5. More than 48 V
8. North America Electric Two-wheelers (ETW) Market Analysis, 2017 – 2027 (US$ Bn)
8.1. Overview
8.1.1. North America ETW Market Value and Growth, 2017 – 2027, (US$ Bn)
8.2. North America ETW Market Value, By Vehicle Type, 2017 – 2027 (US$ Bn)
8.2.1. Market Analysis
8.3. North America ETW Market Value, By Battery Type , 2017 – 2027 (US$ Bn)
8.3.1. Market Analysis
8.4. North America ETW Market Value, By Technology, 2017 – 2027 (US$ Bn)
8.4.1. Market Analysis
8.5. North America ETW Market Value, By Battery Voltage, 2017 – 2027 (US$ Bn)
8.5.1. Market Analysis
8.6. North America ETW Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
8.6.1. Market Analysis
8.6.2. U.S.
8.6.3. Rest of North America
9. Europe Electric Two-wheelers (ETW) Market Analysis, 2017 – 2027 (US$ Bn)
9.1. Overview
9.1.1. Europe ETW Market Value and Growth, 2017 – 2027 (US$ Bn)
9.2. Europe ETW Market Value, By Vehicle Type, 2017 – 2027 (US$ Bn)
9.2.1. Market Analysis
9.3. Europe ETW Market Value, By Battery Type, 2017 – 2027 (US$ Bn)
9.3.1. Market Analysis
9.4. Europe ETW Market Value, By Technology, 2017 – 2027 (US$ Bn)
9.4.1. Market Analysis
9.5. Europe ETW Market Value, By Battery Voltage, 2017 – 2027 (US$ Bn)
9.5.1. Market Analysis
9.6. Europe ETW Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
9.6.1. Market Analysis
9.6.2. U.K.
9.6.3. Germany
9.6.4. France
9.6.5. Rest of Europe
10. Asia Pacific Electric Two-wheelers (ETW) Market Analysis, 2017 – 2027 (US$ Bn)
10.1. Overview
10.1.1. Asia Pacific ETW Market Value and Growth, 2017 – 2027, (US$ Bn)
10.2. Asia Pacific ETW Market Value, By Vehicle Type, 2017 – 2027 (US$ Bn)
10.2.1. Market Analysis
10.3. Asia Pacific ETW Market Value, By Battery Type, 2017 – 2027 (US$ Bn)
10.3.1. Market Analysis
10.4. Asia Pacific ETW Market Value, By Technology, 2017 – 2027 (US$ Bn)
10.4.1. Market Analysis
10.5. Asia Pacific ETW Market Value, By Battery Voltage, 2017 – 2027 (US$ Bn)
10.5.1. Market Analysis
10.6. Asia Pacific ETW Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
10.6.1. Market Analysis
10.6.2. Japan
10.6.3. China
10.6.4. India
10.6.5. Rest of Asia Pacific
11. Rest of the World Electric Two-wheelers (ETW) Market Analysis, 2017 – 2027 (US$ Bn)
11.1. Overview
11.1.1. Rest of the World ETW Market Value and Growth, 2017 – 2027, (US$ Bn)
11.2. Rest of the World ETW Market Value, By Vehicle Type, 2017 – 2027 (US$ Bn)
11.2.1. Market Analysis
11.3. Rest of the World ETW Market Value, By Battery Type, 2017 – 2027 (US$ Bn)
11.3.1. Market Analysis
11.4. Rest of the World ETW Market Value, By Technology, 2017 – 2027 (US$ Bn)
11.4.1. Market Analysis
11.5. Rest of the World ETW Market Value, By Battery Voltage, 2017 – 2027 (US$ Bn)
11.5.1. Market Analysis
11.6. Rest of the World ETW Market Value, By Region, 2017 – 2027 (US$ Bn)
11.6.1. Market Analysis
11.6.2. Middle East & Africa
11.6.3. Latin America
12. Company Profiles
12.1. Zero Motorcycles, Inc.
12.2. F-wheel DYU
12.3. Jiangsu Xinari E-vehicle Co., Ltd.
12.4. YO Bykes
12.5. Hero Electric
12.6. Hybikes
12.7. Yadea Tech. Group Co.
12.8. Ampere Vehicles Private Ltd.
12.9. Vmoto Ltd.
12.10. Energica Motor Company
12.11. Sanyang Industry
12.12. Zhejiang Luyuan Electric Vehicle
12.13. Guangzhou Camqi Electric Vehicle
12.14. Alta Motors
* Here we are using ETW as a short form of Electric Two-wheelers
TABLE 1 Market Snapshot: Global Electric Two-wheelers (ETW) Market Value
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 Global ETW Market, by Vehicle Type, 2017 - 2027 (US$ Bn)
TABLE 5 Global ETW Market, by Battey Type, 2017 - 2027 (US$ Bn)
TABLE 6 Global ETW Market, by Technology, 2017 - 2027 (US$ Bn)
TABLE 7 Global ETW Market, by Battery Voltage, 2017 - 2027 (US$ Bn)
TABLE 8 Global ETW Market, by Geography, 2017 - 2027 (US$ Bn)
TABLE 9 North America ETW Market, by Vehicle Type, 2017 - 2027 (US$ Bn)
TABLE 10 North America ETW Market, by Battery Type, 2017 - 2027 (US$ Bn)
TABLE 11 North America ETW Market, by Technology, 2017 - 2027 (US$ Bn)
TABLE 12 North America ETW Market, by Battery Voltage, 2017 - 2027 (US$ Bn)
TABLE 13 North America ETW Market Value, by Region/Country, 2017 - 2027 (US$ Bn)
TABLE 14 Europe ETW Market, by Vehicle Type, 2017 - 2027 (US$ Bn)
TABLE 15 Europe ETW Market, by Battery Type, 2017 - 2027 (US$ Bn)
TABLE 16 Europe ETW Market, by Technology, 2017 - 2027 (US$ Bn)
TABLE 17 Europe ETW Market, by Battery Voltage, 2017 - 2027 (US$ Bn)
TABLE 18 Europe ETW Market Value, by Region/Country, 2017 - 2027 (US$ Bn)
TABLE 19 Asia Pacific ETW Market, by Vehicle Type, 2017 - 2027 (US$ Bn)
TABLE 20 Asia Pacific ETW Market, by Battery Type, 2017 - 2027 (US$ Bn)
TABLE 21 Asia Pacific ETW Market, by Technology, 2017 - 2027 (US$ Bn)
TABLE 22 Asia Pacific ETW Market, by Battery Voltage, 2017 - 2027 (US$ Bn)
TABLE 23 Asia Pacific ETW Market Value, by Region/Country, 2017 - 2027 (US$ Bn)
TABLE 24 Rest of the World ETW Market, by Vehicle Type, 2017 - 2027 (US$ Bn)
TABLE 25 Rest of the World ETW Market, by Battery Type, 2017 - 2027 (US$ Bn)
TABLE 26 Rest of the World ETW Market, by Technology, 2017 - 2027 (US$ Bn)
TABLE 27 Rest of the World ETW Market, by Battery Voltage, 2017 - 2027 (US$ Bn)
TABLE 28 Rest of the World ETW Market Value, by Region, 2017 - 2027 (US$ Bn)
TABLE 29 Zero Motorcycles, Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 30 F-wheel DYU.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 31 Jiangsu Xinari E-vehicle Co., Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 32 YO bykes: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 33 Hero Electric.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 34 Hybikes: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 35 Yadea Tech. Group Co.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 36 Ampere Vehicles Private Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 37 Vmoto Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 38 Energica Motor Company: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 39 Sanyang Industry: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 40 Zhejiang Luyuan Electric Vehicle: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 41 Guangzhou Camqi Electric Vehicle..: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 42 Alta Motors: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
FIG. 1 Global Electric Two-wheelers (ETW) Market: Research Methodology
FIG. 2 Market Size Estimation – Top-Down and Bottom Up Approach
FIG. 3 Global ETW Market Segmentation
FIG. 4 Global ETW Market, by Vehicle Type, 2018 (US$ Bn)
FIG. 5 Global ETW Market, by Battery Type, 2018 (US$ Bn)
FIG. 6 Global ETW Market, by Technology, 2018 (US$ Bn)
FIG 7 Global ETW Market, by Battery Voltage, 2018 (US$ Bn)
FIG. 8 Global ETW Market, by Geography, 2018 (US$ Bn)
FIG. 9 Global ETW Market Value, 2017 - 2027, (US$ Bn) and (Y-o-Y%)
FIG. 10 Attractive Investment Proposition, by Geography, 2018
FIG. 11 Global Market Positioning of Key ETW Providers, 2018
FIG. 12 Global ETW Market Value Share, by Vehicle Type, 2017 & 2027 (Value %)
FIG. 13 Global E-Scooter ETW Market Value, 2017 – 2027, (US$ Bn)
FIG. 14 Global E-Motorcycle ETW Market Value, 2017 – 2027, (US$ Bn)
FIG. 15 Global ETW Market Value Share, by Battery Type, 2017 & 2027 (Value %)
FIG. 16 Global Sealed Lead-acid ETW Market Value, 2017 – 2027, (US$ Bn)
FIG. 17 Global Lithium-ion (Li-ion) ETW Market Value, 2017 – 2027, (US$ Bn)
FIG. 18 Global ETW Market Value Share, by Technology, 2017 & 2027 (Value %)
FIG. 19 Global ETW Market Value for Plug-in Electric Two-wheeler, 2017 – 2027, (US$ Bn)
FIG. 20 Global ETW Market Value for Battery Electric Two-wheeler, 2017 – 2027, (US$ Bn)
FIG. 21 Global ETW Market Value Share, by Battery Voltage, 2017 & 2027 (Value %)
FIG. 22 Global ETW Market Value for 24 V, 2017-27, (US$ Bn)
FIG. 23 Global ETW Market Value for 36 V, 2017-27, (US$ Bn)
FIG. 24 Global ETW Market Value for 48 V, 2017-27, (US$ Bn)
FIG. 25 Global ETW Market Value for More than 48 V, 2017-27, (US$ Bn)
FIG. 26 North America ETW Market Value, 2017 – 2027 (US$ Bn)
FIG. 27 Europe ETW Market Value, 2017 – 2027, (US$ Bn)
FIG. 28 Asia Pacific ETW Market Value, 2017 – 2027, (US$ Bn)
FIG. 29 RoW ETW Market Value, 2017 – 2027, (US$ Bn)
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