Electric Two Wheeler Market to Witness 25.57% CAGR Boom Through 2023-28

Global Electric Two Wheeler Market: In-Depth Analysis and Forecasts for 2023-2028

MarkNtel Advisors, a leading market research firm, has showed its latest study titled "Electric Two Wheeler Market", offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.

The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.

Analysis and Insights into the Electric Two Wheeler Market: 2023-2028

The Global Electric Two Wheeler market is projected to grow at a CAGR of around 25.57% during the forecast period, i.e., 2023-28. The market growth imputes to the rising concern among the governments of countries across Southeast Asia, North America, Europe, the Middle East, and South America to lower the CO2 emission from the automotive industry & lead towards a sustainable future. Additionally, the ease of access to subsidies launched by the government of various countries such as Scotland, Germany, India, and Indonesia, among others, widely catered to the demand for these vehicles across the globe.

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What are the primary factors driving the growth of the Electric Two Wheeler Market?

Expansion of E-scooter & E-motorcycle Rentals to Serve Tourists Drives the Market - Tourism is one of the major factors boosting the sales globally, as rental electric two-wheelers are the most preferred choice for tourists to visit the city hassle free on their own. Globally, the demand for these vehicles is being driven by urbanization, digitalization, micro-mobility, traffic congestion, and the cost of owning & maintaining bikes.

The tourist cities like Bali, Kuala Lumpur, Madrid, Delhi, etc., across the world, are facing traffic congestion & pollution caused by rapid urbanization that puts a lot of pressure on the public transport system. Therefore, the consumer prefers the rental electric two-wheeler as it offers hassle-free movement at a competent cost than renting a four-wheeler for the same purpose. As a result of the growing demand, various start-ups, such as Revel, City Scoot, Cooltra, VOGO, etc., that provide QR-based dockless services are increasingly expanding worldwide to gain significant revenues.

Thus, the expansion of e-scooter & motorcycle renting companies are notably driving the sales and is anticipated to continue to support the revenue expansion of the market in the upcoming years as well.

Electric Two Wheeler Market Segmentation:

The Electric Two Wheeler market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.

By VehicleType

Scooter/Moped
Motorcycle

By Application

Personal Use
Commercial Use

By Drive Type

Off road
Urban

By Travel Range

Up to 100 Km
101 to 150 Km
More than 150

By Battery Type

Lead Acid
Lithium Ion

By Battery Capacity

< 2 kWh
2-2.5 kWh
> 2.5 kWh

By Tire Size

3.50 x 17
90/90-12
5.5 x 17
120/70 ZR17
100/70-17
90/90-14
3.00-10
110/70-12
90/90-10
110/80-14
3.50-10
120/70-12
Others

Geographical Analysis into the Electric Two Wheeler Market:

The Electric Two Wheeler market is categorized based regional:

North America
Latin America
Europe
The Middle East & Africa
Asia Pacific
South East Asia

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Competitive Landscape and Electric Two Wheeler Market Share Analysis:

The competitive landscape of the Electric Two Wheeler Market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.

Hero Electric Vehicles Private Limited
Okinawa Autotech International Private Limited
Energica Motor Company S.P.A.
AIMA Technology Group Co. Ltd.
Yadea Technology Group Co., Ltd
Terra Motors Corporation
Zero Motorcycles Inc.
Honda Motor Co., Ltd.
Dongguan Tailing Electric Vehicle Co., Ltd.
Silence Urban Ecomobility
emcoelectroroller GmbH
Vmoto Limited
Jiangsu Xinri E-Vehicle Co.,Ltd
GOVECS AG
Others

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Questions Addressed in this Study

What factors are driving the Electric Two Wheeler Market growth?
How is the Electric Two Wheeler Market expected to grow over the next five years?
What are the key insights into the current trends in the Electric Two Wheeler Market?
What is the current size of the Electric Two Wheeler Market, and how is it projected to change in the future?
What is the future outlook for the Electric Two Wheeler Market in terms of technological advancements and market expansion?

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MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.