Abstract
Summary
Electric Two-Wheeler Market Forecast to 2030
Market Overview
The primary market forces encouraging industry growth include rising environmental concerns, an increase in the use of electric motorbikes and e-bikes for short commutes, and rising spending by ride-hailing companies in the micro-mobility space. Increased use of electric two-wheelers and government-sponsored electrification initiatives to fuel market expansion. OEMs will be able to expand their revenue streams and geographic reach as governments increase their investments in infrastructure for charging and offer incentives to users.
The market for electric two-wheelers is also growing as a result of the price hike of petroleum products. The negative impact of the growing cost of fuel is already being felt by consumers in developing countries. Low cost and low fuel consumption of the electric two-wheelers as compared to the conventional two-wheelers, make them more lucrative. This scooter would likely have a longer range than the existing model of electric two-wheeler, according to the manufacturers. Maintenance won't be a problem because there are fewer moving parts than on traditional two-wheelers. Battery replacement is the most expensive maintenance task and is not performed regularly. As a result, it is projected that this factor will accelerate worldwide electric two-wheeler market growth.
Segment Overview
The market for electric two-wheelers has been segmented into four groups: type, battery, voltage, and region. Electric motorcycles and scooters are the two types of electric two-wheelers that make up the market category for them. Segmentation of the electric two-wheeler market based on battery type, including lithium-ion, sealed lead acid, and others. The statistics for the electric two-wheeler market is divided into four categories based on voltage: 48V, 36V, 24V, and more than 48V.
Regional Analysis
The analysis offers market information for North America, Asia-Pacific, Europe, and other nations, organized by region. The region's quick adoption of electric two-wheelers and the growth of the regional market can be attributed to factors such as increasing urbanization, rising per capita income, and government policies that are supportive of electric vehicles. Further, the United States, South Korea, Japan,Canada, Germany, Spain, France, the United Kingdom, Australia, Italy, China, India, and Brazil are among the important nations examined in the market analysis for electric two-wheelers.
The market for electric two-wheelers in Europe is anticipated to expand significantly between 2022 and 2030. This significant growth can be attributed to the region's fast urbanization, which increases air pollution, greenhouse gas emissions, and energy waste. The second-fastest rising market share for electric two-wheelers is in North America. The factors that contributed to the significant growth of this region include rising investments by shared mobility players in electric two-wheeler companies, lowering battery prices in the US, and increasing attempts by major two-wheeler companies to offer electric two-wheelers. Additionally, the United States had the biggest market share for electric two-wheelers, while Canada had the quickest rate of expansion.
Major Players
Among the top businesses operating in the global market for electric two-wheelers are Vmoto Limited (Australia),China Zhongneng Vehicle Group Co. (China), GOVECS AG (Germany), Zero Motorcycles Inc. (US), Jiangsu Xinri E-Vehicle Co. Ltd. (China), Wuxi YADEA Export-Import Co. Ltd. (China), Niu International (China), Ampere Vehicles (India), and Energica Motor Company S.
COVID 19 Impacts
The COVID-19 epidemic significantly disrupted the auto sector, which in turn had an effect on consumer demand for electric automobiles, electric two-wheelers, and electric three-wheelers. Similar to the section of three-wheelers powered by fossil fuels, electric three-wheelers saw the greatest effects of the pandemic. In order to increase sales of battery swapping technology, the government permitted registration of electric vehicles without their batteries during 2021. Only a small number of manufacturers, mostly in the electric two-wheeler market, produce cars using battery switching technology.
Table of Contents
1 Executive Summary
2 Market Introduction
2.1 Definition 14
2.2 Scope Of The Study 14
2.3 List Of Assumptions 15
2.4 Market Structure 16
2.5 Market Attractive Analysis 16
2.6 Global Electric Two-Wheeler Market, By Type 17
2.7 Global Electric Two-Wheeler Market, By Battery Type 18
2.8 Global Electric Two-Wheeler Market, By Voltage 19
2.9 Key Buying Criteria 19
3 Market Insights
4 Research Methodology
4.1 Research Process 22
4.2 Primary Research 23
4.3 Secondary Research 24
4.4 Market Size Estimation 25
4.5 Forecast Model 25
5 Market Dynamics
5.1 Introduction 26
5.2 Drivers 27
5.2.1 Government Initiatives To Encourage Electric Vehicle Adoption 27
5.2.2 Demand For Electric Two-Wheelers Among Tourists 28
5.2.3 Strategic Developments For Growth By Major Players 29
5.2.4 Drivers Impact Analysis 30
5.3 Restraints 30
5.3.1 High Prices Of Electric Two-Wheelers And Batteries 30
5.3.2 Underdeveloped Charging Infrastructure And Poor Aftermarket Services 30
5.3.3 Restraint Impact Analysis 31
5.4 Opportunity 31
5.4.1 Improvement Of Battery Capacity And Reduction Of Charging Duration 31
6 Market Factor Analysis
6.1 Porter’s Five Forces Model 32
6.1.1 Threat Of New Entrants 32
6.1.2 Bargaining Power Of Suppliers 33
6.1.3 Bargaining Power Of Buyers 33
6.1.4 Threat Of Substitutes 33
6.1.5 Rivalry 33
6.2 Supply Chain Analysis: Global Electric Two-Wheeler Market 34
6.2.1 Design And Development 34
6.2.2 Raw Material/Component Supply 35
6.2.3 Electric Two-Wheeler Manufacturing/Assembly 35
6.2.4 Electric Two-Wheelers Supply 35
6.2.5 End Use 35
7 Global Electric Two-Wheeler Market, By Type
7.1 Overview 36
7.2 Electric Motorcycle 36
7.3 Electric Scooter 36
8 Global Electric Two-Wheeler Market, By Battery Type
8.1 Overview 38
8.2 Sealed Lead Acid 38
8.3 Lithium-Ion 38
8.4 Others 38
9 Global Electric Two-Wheeler Market, By Voltage
9.1 Overview 40
9.2 24V 40
9.3 36V 40
9.4 48V 40
9.5 More Than 48V 41
10 Global Electric Two-Wheeler Market, By Region
10.1 Introduction 42
10.2 Asia-Pacific 43
10.2.1 China 45
10.2.2 Japan 46
10.2.3 India 47
10.2.4 Rest Of Asia-Pacific 49
10.3 Europe 51
10.3.1 France 53
10.3.2 Spain 54
10.3.3 Italy 56
10.3.4 UK 57
10.3.5 Rest Of Europe 59
10.4 North America 61
10.4.1 US 63
10.4.2 Canada 64
10.5 Rest Of The World 66
10.5.1 Latin America 68
10.5.2 Middle East & Africa 69
11 Competitive Landscape
11.1 Competitive Overview 71
11.2 Global Electric Two-Wheeler Market, Share Analysis, 2020 (%) 71
11.3 Global Electric Two-Wheeler Market, Share Analysis, 2020 (%) 72
11.4 Competitive Benchmarking 72
11.5 Key Strategy Analysis 73
11.6 Leading Players (In Terms Of Number Of Developments) In Global Electric Two-Wheeler Market 73
12 Company Profiles
12.1 Jiangsu Xinri E-Vehicle Co., Ltd (SUNRA) 74
12.1.1 Company Overview 74
12.1.2 Financial Overview 74
12.1.3 Products/Services Offered 74
12.1.4 Key Developments (2015-2019) 75
12.1.5 SWOT Analysis 75
12.1.6 Key Strategies 75
12.2 Wuxi YADEA Export-Import Co., Ltd 76
12.2.1 Company Overview 76
12.2.2 Financial Overview 76
12.2.3 Products/Services Offered 77
12.2.4 Key Developments (2015-2019) 78
12.2.5 SWOT Analysis 79
12.2.6 Key Strategies 79
12.3 Vmoto Limited 80
12.3.1 Company Overview 80
12.3.2 Financial Overview 80
12.3.3 Products/Services Offered 81
12.3.4 Key Developments (2015-2019) 81
12.3.5 SWOT Analysis 82
12.3.6 Key Strategies 82
12.4 Niu International 83
12.4.1 Company Overview 83
12.4.2 Financial Overview 83
12.4.3 Products/Services Offered 83
12.4.4 Key Developments (2015-2019) 84
12.4.5 SWOT Analysis 84
12.4.6 Key Strategies 84
12.5 Energica Motor Company S.P.A 85
12.5.1 Company Overview 85
12.5.2 Financial Overview 85
12.5.3 Products/Services Offered 86
12.5.4 Key Developments (2015-2019) 86
12.5.5 SWOT Analysis 87
12.5.6 Key Strategies 87
12.6 GOVECS AG 88
12.6.1 Company Overview 88
12.6.2 Financial Overview 88
12.6.3 Products/Services Offered 89
12.7 CHINA ZHONGNENG VEHICLE GROUP 90
12.7.1 Company Overview 90
12.7.2 Financial Overview 90
12.7.3 Products/Services Offered 90
12.8 Zero Motorcycles, Inc 92
12.8.1 Company Overview 92
12.8.2 Financial Overview 92
12.8.3 Products/Services Offered 92
12.8.4 Key Developments (2015-2019) 92
12.9 Hero Electric 93
12.9.1 Company Overview 93
12.9.2 Financial Overview 93
12.9.3 Products/Services Offered 93
12.9.4 Key Developments (2015-2019) 93
12.10 Ampere Vehicles 94
12.10.1 Company Overview 94
12.10.2 Financial Overview 94
12.10.3 Products/Services Offered 94
12.10.4 Key Developments (2015-2019) 94
13 Appendix
13.1 References 95
13.2 Related Reports 95