Electric Two Wheeler Market Key Players Analyzed Are:
The key players in the global electric two-wheeler market include Ampere Vehicles Private Ltd. (India), F-wheel DYU (China), Hero Electric (India), Hybike (China), Jiangsu Xinri E-Vehicle Co. Ltd. (China), Robstep (China), Vmoto Limited (Australia), Yadea Tech. Group Co. Ltd. (China), YO bykes (India), and Zero Motorcycles Inc. (USA).
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Electric two-wheelers are plug-in electric vehicles that are powered by electricity stored on board in a rechargeable battery used for driving of one or more electric motors. Market Research Future (MRFR) has published a report about the global electric two-wheeler market that predicts growth for this market between 2017 and 2023.
Other factors contributing to the market growth include awareness of air quality and environmental concerns, growth strategies adopted by the various market players, lightweight of electric two-wheelers, increased lifespan of batteries, enforcement stricter emission norms, extra tax on the purchase of automobiles, and special concession or subsidies for the purchase of electric two-wheelers by government of various countries.
Based on battery type, this market has been segmented into sealed lead acid battery, Li-ion battery, and others. Although sealed lead acid segment has witnessed huge growth in the past due to low cost, overheating and bulkiness are the factors that are slowing down its market growth as users are shifting towards the adoption of Li-ion batteries. The Li-ion segment holds immense potential for growth during the forecast period.
By vehicle type, the market has been segmented into electric motorcycles and electric scooters. The electric scooter segment held the most significant market share in the past due to its high demand in developing economies such as India, China, etc. Its market is not expected to witness any negative impact during the forecast period. The voltage-based segmentation segments the market into 24V, 36V, 48V, more than 48V.
Regional Market Segmentation:
The regional segmentation of the global electric two-wheeler market can segment the market into regional markets known as Europe, North America, Asia Pacific, and the rest of the world (RoW). The Asia Pacific holds the largest market share in the whole global market due to the regional growth in vehicle charging infrastructure in emerging countries such as China and Taiwan. The electric vehicles industry in India is still at a nascent stage. Although electric vehicles are less than 1% of the total vehicle sales, they have the potential to grow to more than 5% in a few years. Japan is another important country-specific market, followed by the remaining countries of the Asia Pacific region.
During the forecast period, North America is expected to emerge as a prominent regional market, with the USA having a large number of early adopters of these vehicles due to the presence various major manufacturers, technological advancements, government initiatives to encourage the use of electric vehicles, and the laws to curb environmental pollution. After the USA, Canada is the most important country-specific market in this region. In Europe, the market is growing due to the reasons same as in North America. In Europe, the crucial country-specific markets are France, Germany, Italy, and the UK, followed by the remaining countries in Europe.
Latest Industry News:
Indian startup Okinawa has built an electric scooter that runs for about 100-120 km (60-75 miles) on a single charge. 15 JAN 2019.
Harley-Davidson has unveiled the first physical models of its electric moped and electric scooter concepts at the Consumer Electronics Show 2019 in Las Vegas. 8 JAN 2019.
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
LIST OF FIGURES:
FIGURE 1 RESEARCH PROCESS OF MRFR
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH
FIGURE 3 MARKET DYNAMICS
FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS
FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS
FIGURE 6 PORTER’S FIVE FORCES ANALYSIS
FIGURE 7 VALUE CHAIN ANALYSIS
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