Electric Two Wheeler Market
Electric Two Wheeler Market Study by Electric Scooters, Electric Motorcycles, and Electric Bicycles with Lithium-Ion, Lead-Based, and NiMH Batteries from 2024 to 2034
Analysis of Electric Two Wheeler Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Electric Two Wheeler Market Outlook (2024 to 2034)
The global electric two wheeler market is poised to reach US$ 70,880.2 million in 2024. The global market is forecasted to increase at an 11.1% CAGR and reach a market value of US$ 203,078.7 million by 2034.
The electric two wheeler market size is expected to experience growth opportunities in emerging economies, attributed to the technological innovations, which play a pivotal role in driving the adoption of electric two-wheelers. Continuous advancements in technology contribute to making electric two-wheelers more attractive to consumers, as the electric vehicle industry evolves. Key areas of innovation include smart connectivity features, improved range, and enhanced safety features.
Integration of smart connectivity features enhances the user experience for electric two-wheeler owners. Many electric scooters and motorcycles now come equipped with advanced telematics systems, allowing riders to connect their vehicles to smartphones or other devices.
Smartphone apps associated with electric two-wheelers provide real-time information on battery status, range estimation, charging station locations, and vehicle diagnostics. The connectivity not only offers convenience but also contributes to a more engaging and user-friendly ownership experience.
One of the critical factors influencing the adoption of electric two-wheelers is the range they can cover on a single charge. Continuous advancements in battery technology, as discussed earlier, contribute to improved energy density, resulting in increased vehicle range.
| Report Attributes | Details |
|---|---|
| Electric Two Wheeler Market Size (2024E) | US$ 70,880.2 million |
| Forecasted Market Value (2034F) | US$ 203,078.7 million |
| Global Market Growth Rate (2024 to 2034) | 11.1% CAGR |
| North America Market Share (2034F) | 29.2% |
| Demand Growth in Japan (2024 to 2034) | 11.8% CAGR |
| China Market Value (2034F) | US$ 55,026.8 million |
| Demand for Electric Scooters (2034F) | US$ 126,314.9 million |
| Revenue Share of Lithium Ion Segment (2034F) | 82.3% |
| Key Companies Profiled |
|
Don't Need a Global Report?
save 40%! on Country & Region specific reports
Which Market Trends are Opening New Opportunities for Manufacturers?
“Advancements in Battery Technology to Fuel the Market Growth”
Energy density refers to the amount of energy that can be stored in a given volume or weight of a battery. Higher energy density allows for the storage of more energy in a smaller and lighter battery.
Lithium-ion batteries have been at the forefront of electric vehicle adoption due to their high energy density.
Ongoing research is aimed at enhancing the energy density further, enabling electric two-wheelers to have longer ranges without significantly increasing the size or weight of the battery. Researchers are exploring new battery chemistries beyond traditional lithium-ion. Solid-state batteries, for instance, are being developed as a potential replacement. The batteries use solid electrolytes instead of liquid electrolytes, offering advantages in terms of safety, energy density, and lifespan.
Charging speed is a critical factor for the practicality of electric two-wheelers. Advances in fast-charging technologies are reducing charging times significantly. High-power chargers and innovative charging algorithms contribute to faster and more efficient charging, improving the convenience of electric two-wheelers for daily use.
“Urbanization and Traffic Congestion to Accelerate the Growth Prospects”
Urbanization is a global phenomenon characterized by the increasing population concentration in urban areas. One of the significant challenges that arise is traffic congestion, as more people migrate to cities for job opportunities and better living standards. Traffic congestion negatively impacts the efficiency of transportation systems, leading to increased travel times, air pollution, and overall decreased quality of life.
Electric two-wheelers, such as electric scooters and motorcycles, have a smaller footprint compared to traditional four-wheeled vehicles. The compact design makes them highly maneuverable in dense urban environments, allowing riders to navigate through traffic with greater ease. Electric scooters, in particular, are well-suited for short-distance commuting and can easily weave through congested streets.
The use of electric two-wheelers contributes to reducing the overall traffic footprint. Since these vehicles take up less space on the road and in parking areas, they help alleviate congestion and create more room for other modes of transportation, which is especially important in cities where road infrastructure may be limited or congested.
“Infrastructure Development to Contribute Significantly”
The development of charging infrastructure is a crucial factor in overcoming range anxiety and enhancing the practicality of electric two-wheelers. Range anxiety, the fear of running out of battery power before reaching a charging station, has been a significant barrier to the widespread adoption of electric vehicles. The expansion of charging infrastructure, particularly the deployment of fast-charging stations, plays a key role in mitigating these concerns and making electric two-wheelers a more attractive choice for consumers.
One of the primary concerns for consumers considering electric vehicles, including two-wheelers, is the fear of not having enough range for their daily commuting needs. The availability of a well-distributed and accessible charging infrastructure helps alleviate this range anxiety by providing users with the confidence that they can charge their vehicles conveniently.
The strategic placement of charging stations in urban areas, along popular commuting routes, and at key destinations addresses the need for convenient access to charging, which is especially important for electric two-wheelers, which are often used for short-distance commuting and may require frequent charging.
Which Factor is Restraining the Demand for Electric Two Wheeler?
“High Initial Cost to Restrain the Market Growth”
The high initial cost of electric two-wheelers, largely attributed to the expense of batteries, can be a significant deterrent for price-sensitive consumers. While electric vehicles, in general, are becoming more cost-competitive over time, the upfront price remains a crucial factor influencing consumer decisions.
The cost of batteries is a major contributor to the higher upfront price of electric two-wheelers. Advancements in battery technology have led to cost reductions, and batteries still constitute a substantial portion of the overall vehicle cost, which is due to the high-performance requirements and energy density needed for electric vehicles.
Economies of scale can lead to cost reductions, as the production volumes of electric two-wheelers increase. The current lower production volumes compared to traditional internal combustion engine vehicles may contribute to the higher initial cost. As the market matures and production ramps up, prices are expected to become more competitive.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
What Strategy Should Start-ups Incorporate to Enhance Their Market Presence?
“Rising Fuel Costs is Key to Gaining Competitive Edge”
The volatility in traditional fuel prices, often characterized by unpredictable fluctuations and overall upward trends, has been a significant factor driving the increasing attractiveness of electric vehicles (EVs) to consumers. The trend is particularly pronounced in the context of rising fuel costs, and it contributes to the appeal of electric vehicles as cost-effective and sustainable alternatives.
Traditional fuel prices, especially those of gasoline and diesel, are subject to various geopolitical, economic, and environmental factors. Consumers often face uncertainty regarding future fuel prices, and the volatility can lead to increased operating costs for conventional vehicles. Electric vehicles, on the other hand, offer a more stable and predictable cost of operation, as electricity prices tend to be more consistent over time.
Electric vehicles generally have lower operating costs compared to their internal combustion engine counterparts. The cost per mile or kilometer for electricity is often lower than that for gasoline or diesel. Electric vehicles also have fewer moving parts, leading to reduced maintenance costs over the vehicle's lifetime. The economic benefits of owning and operating an electric vehicle become more pronounced, as fuel prices rise.
Country-wise Insights
Fact.MR, a market research and competitive intelligence provider, asserts in its newly published study that North America is predicted to hold a 29.2% share of the global market by 2034. Many governments worldwide are offering financial incentives, subsidies, and tax benefits to promote the adoption of electric vehicles, making them more affordable for consumers.
What is the Scenario of the Market in the United States?
“Government Incentives and Policies to Augment the Growth”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 13,119.1 million |
| Growth Rate (2024 to 2034) | 12.5% CAGR |
| Projected Value (2034F) | US$ 42,695.3 million |
The United States is predicted to account for 72.0% of the North American market by 2034. Incentives such as federal tax credits, rebates, and state-level incentives for electric vehicles, including electric two-wheelers, play a crucial role in encouraging consumer adoption. Favorable government policies can accelerate market growth.
The expansion of charging infrastructure, including public charging stations and residential charging options, can address range anxiety concerns and make electric two-wheelers more practical for daily use.
Ongoing advancements in electric vehicle technology, including improvements in battery efficiency, range, and connectivity features, are anticipated to make electric two-wheelers more appealing to consumers.
What is projected to Propel Demand for Electric Two Wheeler in China?
“Affordability and Cost of Ownership in China to Fuel the Demand”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 17,757.9 million |
| Growth Rate (2024 to 2034) | 12.0% CAGR |
| Projected Value (2034F) | US$ 55,026.8 million |
China is forecasted to hold a 69.3% share of East Asia market revenue by 2034. The affordability of electric two-wheelers, supported by government incentives, makes them an attractive option for cost-conscious consumers. The lower operating costs compared to traditional vehicles contribute to their popularity.
Intense competition among domestic electric two-wheeler manufacturers fosters innovation, improved features, and competitive pricing, driving market growth. The rise of e-commerce and the demand for efficient delivery services create opportunities for electric two-wheelers in the last-mile delivery sector. Many delivery companies in China use electric scooters for cost-effective and eco-friendly deliveries.
What is projected to Propel Demand for Electric Two Wheeler in Japan?
“Collaborations with Industry Stakeholders to Enhance Market Prospects”
| Attribute | Japan |
|---|---|
| Market Value (2024E) | US$ 5,066.4 million |
| Growth Rate (2024 to 2034) | 11.8% CAGR |
| Projected Value (2034F) | US$ 15,483.7 million |
Japan is anticipated to hold a 19.5% share of East Asia market revenue by 2034. Collaborations between electric vehicle manufacturers, technology companies, and government agencies can drive innovation, improve infrastructure, and contribute to the overall growth of the electric two-wheeler market.
Government support for domestic electric vehicle manufacturers fosters a competitive market and contributes to the development of high-quality electric two-wheelers. Educational campaigns and initiatives aimed at raising consumer awareness about the benefits of electric two-wheelers, as well as dispelling any misconceptions, can positively influence adoption rates. Incentives and policies encouraging businesses to incorporate electric two-wheelers into their corporate fleets for commuting or delivery services can drive commercial adoption.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Category-wise Insights
Based on product type, global demand for electric two wheeler is projected to rise significantly in the electric scooters segment. Electric scooters are user-friendly, with simple controls and easy maneuverability, which makes them attractive to a wide range of consumers, including those who may not have prior experience with motorcycles or scooters.
Which Product Type to Contribute Significantly in the Sales of Electric Two Wheeler?
“Electric Scooters are expected to Accelerate the Demand for Electric Two Wheeler”
| Attribute | Electric Scooters |
|---|---|
| Segment Value (2024E) | US$ 43,378.7 million |
| Growth Rate (2024 to 2034) | 11.3% CAGR |
| Projected Value (2034F) | US$ 126,314.9 million |
The electric scooters segment of electric two wheeler is forecasted to hold 62.2% of the market share by 2034. Electric scooters are well-suited for urban commuting, offering a compact and agile means of transportation that can navigate through traffic congestion and crowded city streets. The increasing need for efficient urban mobility solutions is driving the demand for electric scooters.
Electric scooters often have a lower upfront cost compared to electric motorcycles and four-wheel electric vehicles. The affordability makes them more accessible to a broader range of consumers, including first-time electric vehicle buyers.
Electric scooters are ideal for addressing the last-mile connectivity challenge, providing a convenient and cost-effective solution for short-distance travel between transportation hubs, workplaces, and residential areas.
Which Battery Type of Electric Two Wheeler is set to Occupy a Leading Market Share?
“Lithium Ion Segment is expected to be the Dominant Battery Type”
| Attribute | Lithium Ion |
|---|---|
| Segment Value (2024E) | US$ 56,845.9 million |
| Growth Rate (2024 to 2034) | 11.4% CAGR |
| Projected Value (2034F) | US$ 167,133.7 million |
The lithium ion segment is predicted to occupy an 82.3% share of the global market by 2034. Lithium-ion batteries offer high energy density, providing a greater amount of energy storage per unit of weight. The characteristic allows electric two-wheelers equipped with lithium-ion batteries to achieve longer ranges on a single charge, addressing a key concern for consumers.
Lithium-ion batteries are known for their lightweight and compact design, making them suitable for integration into the compact frame of two-wheelers, which contributes to the overall weight reduction of electric scooters and motorcycles, improving efficiency and handling.
Lithium-ion batteries can support fast-charging technologies, allowing electric two-wheelers to recharge quickly. Fast charging enhances the convenience of using electric two-wheelers, particularly in urban settings where frequent, short-distance trips are common.
Competitive Landscape
Key players in the electric two wheeler industry are employing a range of strategies to attain their objectives. The tactics involve promoting innovation, implementing rigorous quality control measures for their products, establishing strategic partnerships, optimizing supply chain management systems, and continually advancing their products and technologies.
Recent Developments :
- In 2022, Gogoro Inc. unveiled its cutting-edge battery swapping system and Smart scooters in the Tel Aviv metropolitan area. Collaborating with industry leaders Metro Motor and Paz Group, the companies anticipate extending this launch to additional cities in Israel in the coming years.
- In 2022, HERO Electric entered into a strategic partnership with Jio-BP to collaborate on electric vehicle charging and battery solutions. The collaboration is expected to significantly enhance the company's after-sales service capabilities.
AIMA Technology Co., Ltd, Ather Energy Pvt. Ltd., Energica Motor Company SPA, Gogoro Limited, Govecs AG, Hero Electric Vehicles Pvt. Ltd, Jiangsu Xinri E-Vehicle Co. Ltd., Piaggio & C. SpA, Vmoto Limited, and Zero Motorcycles Inc. are key players in the market.
Segmentation of Electric Two Wheeler Market Research
-
By Product Type:
- Electric Scooters
- Electric Motorcycles
- Electric Bicycles
-
By Battery Type:
- Lithium Ion
- Lead Based
- NiMH
-
By Region:
- North America
- Europe
- East Asia
- Latin America
- Middle East & Africa
- South Asia & Oceania
Table of Content
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2019-2023 and Forecast, 2024-2034 4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2019-2023 4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2024-2034 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2019-2023 and Forecast 2024-2034, By Product Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Product Type, 2019-2023 5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Product Type, 2024-2034 5.3.1. Electric Scooters 5.3.2. Electric Motorcycles 5.3.3. Electric Bicycles 5.4. Y-o-Y Growth Trend Analysis By Product Type, 2019-2023 5.5. Absolute $ Opportunity Analysis By Product Type, 2024-2034 6. Global Market Analysis 2019-2023 and Forecast 2024-2034, By Battery Type 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Battery Type, 2019-2023 6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Battery Type, 2024-2034 6.3.1. Lithium-Ion 6.3.2. Lead-based 6.3.3. NiMH 6.4. Y-o-Y Growth Trend Analysis By Battery Type, 2019-2023 6.5. Absolute $ Opportunity Analysis By Battery Type, 2024-2034 7. Global Market Analysis 2019-2023 and Forecast 2024-2034, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2019-2023 7.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2024-2034 7.3.1. North America 7.3.2. Latin America 7.3.3. Western Europe 7.3.4. Eastern Europe 7.3.5. South Asia and Pacific 7.3.6. East Asia 7.3.7. Middle East and Africa 7.4. Market Attractiveness Analysis By Region 8. North America Market Analysis 2019-2023 and Forecast 2024-2034, By Country 8.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019-2023 8.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024-2034 8.2.1. By Country 8.2.1.1. U.S. 8.2.1.2. Canada 8.2.2. By Product Type 8.2.3. By Battery Type 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Product Type 8.3.3. By Battery Type 8.4. Key Takeaways 9. Latin America Market Analysis 2019-2023 and Forecast 2024-2034, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019-2023 9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024-2034 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Product Type 9.2.3. By Battery Type 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Product Type 9.3.3. By Battery Type 9.4. Key Takeaways 10. Western Europe Market Analysis 2019-2023 and Forecast 2024-2034, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019-2023 10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024-2034 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. U.K. 10.2.1.3. France 10.2.1.4. Spain 10.2.1.5. Italy 10.2.1.6. Rest of Western Europe 10.2.2. By Product Type 10.2.3. By Battery Type 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Product Type 10.3.3. By Battery Type 10.4. Key Takeaways 11. Eastern Europe Market Analysis 2019-2023 and Forecast 2024-2034, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019-2023 11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024-2034 11.2.1. By Country 11.2.1.1. Poland 11.2.1.2. Russia 11.2.1.3. Czech Republic 11.2.1.4. Romania 11.2.1.5. Rest of Eastern Europe 11.2.2. By Product Type 11.2.3. By Battery Type 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Product Type 11.3.3. By Battery Type 11.4. Key Takeaways 12. South Asia and Pacific Market Analysis 2019-2023 and Forecast 2024-2034, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019-2023 12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024-2034 12.2.1. By Country 12.2.1.1. India 12.2.1.2. Bangladesh 12.2.1.3. Australia 12.2.1.4. New Zealand 12.2.1.5. Rest of South Asia and Pacific 12.2.2. By Product Type 12.2.3. By Battery Type 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Product Type 12.3.3. By Battery Type 12.4. Key Takeaways 13. East Asia Market Analysis 2019-2023 and Forecast 2024-2034, By Country 13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019-2023 13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024-2034 13.2.1. By Country 13.2.1.1. China 13.2.1.2. Japan 13.2.1.3. South Korea 13.2.2. By Product Type 13.2.3. By Battery Type 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Product Type 13.3.3. By Battery Type 13.4. Key Takeaways 14. Middle East and Africa Market Analysis 2019-2023 and Forecast 2024-2034, By Country 14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019-2023 14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024-2034 14.2.1. By Country 14.2.1.1. GCC Countries 14.2.1.2. South Africa 14.2.1.3. Israel 14.2.1.4. Rest of MEA 14.2.2. By Product Type 14.2.3. By Battery Type 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Product Type 14.3.3. By Battery Type 14.4. Key Takeaways 15. Key Countries Market Analysis 15.1. U.S. 15.1.1. Pricing Analysis 15.1.2. Market Share Analysis, 2023 15.1.2.1. By Product Type 15.1.2.2. By Battery Type 15.2. Canada 15.2.1. Pricing Analysis 15.2.2. Market Share Analysis, 2023 15.2.2.1. By Product Type 15.2.2.2. By Battery Type 15.3. Brazil 15.3.1. Pricing Analysis 15.3.2. Market Share Analysis, 2023 15.3.2.1. By Product Type 15.3.2.2. By Battery Type 15.4. Mexico 15.4.1. Pricing Analysis 15.4.2. Market Share Analysis, 2023 15.4.2.1. By Product Type 15.4.2.2. By Battery Type 15.5. Germany 15.5.1. Pricing Analysis 15.5.2. Market Share Analysis, 2023 15.5.2.1. By Product Type 15.5.2.2. By Battery Type 15.6. U.K. 15.6.1. Pricing Analysis 15.6.2. Market Share Analysis, 2023 15.6.2.1. By Product Type 15.6.2.2. By Battery Type 15.7. France 15.7.1. Pricing Analysis 15.7.2. Market Share Analysis, 2023 15.7.2.1. By Product Type 15.7.2.2. By Battery Type 15.8. Spain 15.8.1. Pricing Analysis 15.8.2. Market Share Analysis, 2023 15.8.2.1. By Product Type 15.8.2.2. By Battery Type 15.9. Italy 15.9.1. Pricing Analysis 15.9.2. Market Share Analysis, 2023 15.9.2.1. By Product Type 15.9.2.2. By Battery Type 15.10. Poland 15.10.1. Pricing Analysis 15.10.2. Market Share Analysis, 2023 15.10.2.1. By Product Type 15.10.2.2. By Battery Type 15.11. Russia 15.11.1. Pricing Analysis 15.11.2. Market Share Analysis, 2023 15.11.2.1. By Product Type 15.11.2.2. By Battery Type 15.12. Czech Republic 15.12.1. Pricing Analysis 15.12.2. Market Share Analysis, 2023 15.12.2.1. By Product Type 15.12.2.2. By Battery Type 15.13. Romania 15.13.1. Pricing Analysis 15.13.2. Market Share Analysis, 2023 15.13.2.1. By Product Type 15.13.2.2. By Battery Type 15.14. India 15.14.1. Pricing Analysis 15.14.2. Market Share Analysis, 2023 15.14.2.1. By Product Type 15.14.2.2. By Battery Type 15.15. Bangladesh 15.15.1. Pricing Analysis 15.15.2. Market Share Analysis, 2023 15.15.2.1. By Product Type 15.15.2.2. By Battery Type 15.16. Australia 15.16.1. Pricing Analysis 15.16.2. Market Share Analysis, 2023 15.16.2.1. By Product Type 15.16.2.2. By Battery Type 15.17. New Zealand 15.17.1. Pricing Analysis 15.17.2. Market Share Analysis, 2023 15.17.2.1. By Product Type 15.17.2.2. By Battery Type 15.18. China 15.18.1. Pricing Analysis 15.18.2. Market Share Analysis, 2023 15.18.2.1. By Product Type 15.18.2.2. By Battery Type 15.19. Japan 15.19.1. Pricing Analysis 15.19.2. Market Share Analysis, 2023 15.19.2.1. By Product Type 15.19.2.2. By Battery Type 15.20. South Korea 15.20.1. Pricing Analysis 15.20.2. Market Share Analysis, 2023 15.20.2.1. By Product Type 15.20.2.2. By Battery Type 15.21. GCC Countries 15.21.1. Pricing Analysis 15.21.2. Market Share Analysis, 2023 15.21.2.1. By Product Type 15.21.2.2. By Battery Type 15.22. South Africa 15.22.1. Pricing Analysis 15.22.2. Market Share Analysis, 2023 15.22.2.1. By Product Type 15.22.2.2. By Battery Type 15.23. Israel 15.23.1. Pricing Analysis 15.23.2. Market Share Analysis, 2023 15.23.2.1. By Product Type 15.23.2.2. By Battery Type 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By Product Type 16.3.3. By Battery Type 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. AIMA Technology Co., Ltd 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.1.5.2. Product Strategy 17.1.1.5.3. Channel Strategy 17.1.2. Ather Energy Pvt. Ltd. 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.2.5.2. Product Strategy 17.1.2.5.3. Channel Strategy 17.1.3. Energica Motor Company SPA 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.3.5.2. Product Strategy 17.1.3.5.3. Channel Strategy 17.1.4. Gogoro Limited 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.4.5.2. Product Strategy 17.1.4.5.3. Channel Strategy 17.1.5. Govecs AG 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.5.5.2. Product Strategy 17.1.5.5.3. Channel Strategy 17.1.6. Hero Electric Vehicles Pvt. Ltd 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Profitability by Market Segments 17.1.6.4. Sales Footprint 17.1.6.5. Strategy Overview 17.1.6.5.1. Marketing Strategy 17.1.6.5.2. Product Strategy 17.1.6.5.3. Channel Strategy 17.1.7. Jiangsu Xinri E-Vehicle Co. Ltd. 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Profitability by Market Segments 17.1.7.4. Sales Footprint 17.1.7.5. Strategy Overview 17.1.7.5.1. Marketing Strategy 17.1.7.5.2. Product Strategy 17.1.7.5.3. Channel Strategy 17.1.8. Piaggio & C. SpA 17.1.8.1. Overview 17.1.8.2. Product Portfolio 17.1.8.3. Profitability by Market Segments 17.1.8.4. Sales Footprint 17.1.8.5. Strategy Overview 17.1.8.5.1. Marketing Strategy 17.1.8.5.2. Product Strategy 17.1.8.5.3. Channel Strategy 17.1.9. Vmoto Limited 17.1.9.1. Overview 17.1.9.2. Product Portfolio 17.1.9.3. Profitability by Market Segments 17.1.9.4. Sales Footprint 17.1.9.5. Strategy Overview 17.1.9.5.1. Marketing Strategy 17.1.9.5.2. Product Strategy 17.1.9.5.3. Channel Strategy 17.1.10. Zero Motorcycles Inc. 17.1.10.1. Overview 17.1.10.2. Product Portfolio 17.1.10.3. Profitability by Market Segments 17.1.10.4. Sales Footprint 17.1.10.5. Strategy Overview 17.1.10.5.1. Marketing Strategy 17.1.10.5.2. Product Strategy 17.1.10.5.3. Channel Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
Don't Need a Global Report?
save 40%! on Country & Region specific reports
List Of Table
Table 1: Global Market Value (US$ Million) Forecast by Region, 2019-2034
Table 2: Global Market Volume (Units) Forecast by Region, 2019-2034
Table 3: Global Market Value (US$ Million) Forecast by Product Type, 2019-2034
Table 4: Global Market Volume (Units) Forecast by Product Type, 2019-2034
Table 5: Global Market Value (US$ Million) Forecast by Battery Type, 2019-2034
Table 6: Global Market Volume (Units) Forecast by Battery Type, 2019-2034
Table 7: North America Market Value (US$ Million) Forecast by Country, 2019-2034
Table 8: North America Market Volume (Units) Forecast by Country, 2019-2034
Table 9: North America Market Value (US$ Million) Forecast by Product Type, 2019-2034
Table 10: North America Market Volume (Units) Forecast by Product Type, 2019-2034
Table 11: North America Market Value (US$ Million) Forecast by Battery Type, 2019-2034
Table 12: North America Market Volume (Units) Forecast by Battery Type, 2019-2034
Table 13: Latin America Market Value (US$ Million) Forecast by Country, 2019-2034
Table 14: Latin America Market Volume (Units) Forecast by Country, 2019-2034
Table 15: Latin America Market Value (US$ Million) Forecast by Product Type, 2019-2034
Table 16: Latin America Market Volume (Units) Forecast by Product Type, 2019-2034
Table 17: Latin America Market Value (US$ Million) Forecast by Battery Type, 2019-2034
Table 18: Latin America Market Volume (Units) Forecast by Battery Type, 2019-2034
Table 19: Western Europe Market Value (US$ Million) Forecast by Country, 2019-2034
Table 20: Western Europe Market Volume (Units) Forecast by Country, 2019-2034
Table 21: Western Europe Market Value (US$ Million) Forecast by Product Type, 2019-2034
Table 22: Western Europe Market Volume (Units) Forecast by Product Type, 2019-2034
Table 23: Western Europe Market Value (US$ Million) Forecast by Battery Type, 2019-2034
Table 24: Western Europe Market Volume (Units) Forecast by Battery Type, 2019-2034
Table 25: Eastern Europe Market Value (US$ Million) Forecast by Country, 2019-2034
Table 26: Eastern Europe Market Volume (Units) Forecast by Country, 2019-2034
Table 27: Eastern Europe Market Value (US$ Million) Forecast by Product Type, 2019-2034
Table 28: Eastern Europe Market Volume (Units) Forecast by Product Type, 2019-2034
Table 29: Eastern Europe Market Value (US$ Million) Forecast by Battery Type, 2019-2034
Table 30: Eastern Europe Market Volume (Units) Forecast by Battery Type, 2019-2034
Table 31: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2019-2034
Table 32: South Asia and Pacific Market Volume (Units) Forecast by Country, 2019-2034
Table 33: South Asia and Pacific Market Value (US$ Million) Forecast by Product Type, 2019-2034
Table 34: South Asia and Pacific Market Volume (Units) Forecast by Product Type, 2019-2034
Table 35: South Asia and Pacific Market Value (US$ Million) Forecast by Battery Type, 2019-2034
Table 36: South Asia and Pacific Market Volume (Units) Forecast by Battery Type, 2019-2034
Table 37: East Asia Market Value (US$ Million) Forecast by Country, 2019-2034
Table 38: East Asia Market Volume (Units) Forecast by Country, 2019-2034
Table 39: East Asia Market Value (US$ Million) Forecast by Product Type, 2019-2034
Table 40: East Asia Market Volume (Units) Forecast by Product Type, 2019-2034
Table 41: East Asia Market Value (US$ Million) Forecast by Battery Type, 2019-2034
Table 42: East Asia Market Volume (Units) Forecast by Battery Type, 2019-2034
Table 43: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2019-2034
Table 44: Middle East and Africa Market Volume (Units) Forecast by Country, 2019-2034
Table 45: Middle East and Africa Market Value (US$ Million) Forecast by Product Type, 2019-2034
Table 46: Middle East and Africa Market Volume (Units) Forecast by Product Type, 2019-2034
Table 47: Middle East and Africa Market Value (US$ Million) Forecast by Battery Type, 2019-2034
Table 48: Middle East and Africa Market Volume (Units) Forecast by Battery Type, 2019-2034
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
List Of Figures
Figure 1: Global Market Value (US$ Million) by Product Type, 2024-2034
Figure 2: Global Market Value (US$ Million) by Battery Type, 2024-2034
Figure 3: Global Market Value (US$ Million) by Region, 2024-2034
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2019-2034
Figure 5: Global Market Volume (Units) Analysis by Region, 2019-2034
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2024-2034
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2024-2034
Figure 8: Global Market Value (US$ Million) Analysis by Product Type, 2019-2034
Figure 9: Global Market Volume (Units) Analysis by Product Type, 2019-2034
Figure 10: Global Market Value Share (%) and BPS Analysis by Product Type, 2024-2034
Figure 11: Global Market Y-o-Y Growth (%) Projections by Product Type, 2024-2034
Figure 12: Global Market Value (US$ Million) Analysis by Battery Type, 2019-2034
Figure 13: Global Market Volume (Units) Analysis by Battery Type, 2019-2034
Figure 14: Global Market Value Share (%) and BPS Analysis by Battery Type, 2024-2034
Figure 15: Global Market Y-o-Y Growth (%) Projections by Battery Type, 2024-2034
Figure 16: Global Market Attractiveness by Product Type, 2024-2034
Figure 17: Global Market Attractiveness by Battery Type, 2024-2034
Figure 18: Global Market Attractiveness by Region, 2024-2034
Figure 19: North America Market Value (US$ Million) by Product Type, 2024-2034
Figure 20: North America Market Value (US$ Million) by Battery Type, 2024-2034
Figure 21: North America Market Value (US$ Million) by Country, 2024-2034
Figure 22: North America Market Value (US$ Million) Analysis by Country, 2019-2034
Figure 23: North America Market Volume (Units) Analysis by Country, 2019-2034
Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2024-2034
Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2024-2034
Figure 26: North America Market Value (US$ Million) Analysis by Product Type, 2019-2034
Figure 27: North America Market Volume (Units) Analysis by Product Type, 2019-2034
Figure 28: North America Market Value Share (%) and BPS Analysis by Product Type, 2024-2034
Figure 29: North America Market Y-o-Y Growth (%) Projections by Product Type, 2024-2034
Figure 30: North America Market Value (US$ Million) Analysis by Battery Type, 2019-2034
Figure 31: North America Market Volume (Units) Analysis by Battery Type, 2019-2034
Figure 32: North America Market Value Share (%) and BPS Analysis by Battery Type, 2024-2034
Figure 33: North America Market Y-o-Y Growth (%) Projections by Battery Type, 2024-2034
Figure 34: North America Market Attractiveness by Product Type, 2024-2034
Figure 35: North America Market Attractiveness by Battery Type, 2024-2034
Figure 36: North America Market Attractiveness by Country, 2024-2034
Figure 37: Latin America Market Value (US$ Million) by Product Type, 2024-2034
Figure 38: Latin America Market Value (US$ Million) by Battery Type, 2024-2034
Figure 39: Latin America Market Value (US$ Million) by Country, 2024-2034
Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2019-2034
Figure 41: Latin America Market Volume (Units) Analysis by Country, 2019-2034
Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2024-2034
Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024-2034
Figure 44: Latin America Market Value (US$ Million) Analysis by Product Type, 2019-2034
Figure 45: Latin America Market Volume (Units) Analysis by Product Type, 2019-2034
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Product Type, 2024-2034
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Product Type, 2024-2034
Figure 48: Latin America Market Value (US$ Million) Analysis by Battery Type, 2019-2034
Figure 49: Latin America Market Volume (Units) Analysis by Battery Type, 2019-2034
Figure 50: Latin America Market Value Share (%) and BPS Analysis by Battery Type, 2024-2034
Figure 51: Latin America Market Y-o-Y Growth (%) Projections by Battery Type, 2024-2034
Figure 52: Latin America Market Attractiveness by Product Type, 2024-2034
Figure 53: Latin America Market Attractiveness by Battery Type, 2024-2034
Figure 54: Latin America Market Attractiveness by Country, 2024-2034
Figure 55: Western Europe Market Value (US$ Million) by Product Type, 2024-2034
Figure 56: Western Europe Market Value (US$ Million) by Battery Type, 2024-2034
Figure 57: Western Europe Market Value (US$ Million) by Country, 2024-2034
Figure 58: Western Europe Market Value (US$ Million) Analysis by Country, 2019-2034
Figure 59: Western Europe Market Volume (Units) Analysis by Country, 2019-2034
Figure 60: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024-2034
Figure 61: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024-2034
Figure 62: Western Europe Market Value (US$ Million) Analysis by Product Type, 2019-2034
Figure 63: Western Europe Market Volume (Units) Analysis by Product Type, 2019-2034
Figure 64: Western Europe Market Value Share (%) and BPS Analysis by Product Type, 2024-2034
Figure 65: Western Europe Market Y-o-Y Growth (%) Projections by Product Type, 2024-2034
Figure 66: Western Europe Market Value (US$ Million) Analysis by Battery Type, 2019-2034
Figure 67: Western Europe Market Volume (Units) Analysis by Battery Type, 2019-2034
Figure 68: Western Europe Market Value Share (%) and BPS Analysis by Battery Type, 2024-2034
Figure 69: Western Europe Market Y-o-Y Growth (%) Projections by Battery Type, 2024-2034
Figure 70: Western Europe Market Attractiveness by Product Type, 2024-2034
Figure 71: Western Europe Market Attractiveness by Battery Type, 2024-2034
Figure 72: Western Europe Market Attractiveness by Country, 2024-2034
Figure 73: Eastern Europe Market Value (US$ Million) by Product Type, 2024-2034
Figure 74: Eastern Europe Market Value (US$ Million) by Battery Type, 2024-2034
Figure 75: Eastern Europe Market Value (US$ Million) by Country, 2024-2034
Figure 76: Eastern Europe Market Value (US$ Million) Analysis by Country, 2019-2034
Figure 77: Eastern Europe Market Volume (Units) Analysis by Country, 2019-2034
Figure 78: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024-2034
Figure 79: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024-2034
Figure 80: Eastern Europe Market Value (US$ Million) Analysis by Product Type, 2019-2034
Figure 81: Eastern Europe Market Volume (Units) Analysis by Product Type, 2019-2034
Figure 82: Eastern Europe Market Value Share (%) and BPS Analysis by Product Type, 2024-2034
Figure 83: Eastern Europe Market Y-o-Y Growth (%) Projections by Product Type, 2024-2034
Figure 84: Eastern Europe Market Value (US$ Million) Analysis by Battery Type, 2019-2034
Figure 85: Eastern Europe Market Volume (Units) Analysis by Battery Type, 2019-2034
Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by Battery Type, 2024-2034
Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by Battery Type, 2024-2034
Figure 88: Eastern Europe Market Attractiveness by Product Type, 2024-2034
Figure 89: Eastern Europe Market Attractiveness by Battery Type, 2024-2034
Figure 90: Eastern Europe Market Attractiveness by Country, 2024-2034
Figure 91: South Asia and Pacific Market Value (US$ Million) by Product Type, 2024-2034
Figure 92: South Asia and Pacific Market Value (US$ Million) by Battery Type, 2024-2034
Figure 93: South Asia and Pacific Market Value (US$ Million) by Country, 2024-2034
Figure 94: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2019-2034
Figure 95: South Asia and Pacific Market Volume (Units) Analysis by Country, 2019-2034
Figure 96: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2024-2034
Figure 97: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2024-2034
Figure 98: South Asia and Pacific Market Value (US$ Million) Analysis by Product Type, 2019-2034
Figure 99: South Asia and Pacific Market Volume (Units) Analysis by Product Type, 2019-2034
Figure 100: South Asia and Pacific Market Value Share (%) and BPS Analysis by Product Type, 2024-2034
Figure 101: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Product Type, 2024-2034
Figure 102: South Asia and Pacific Market Value (US$ Million) Analysis by Battery Type, 2019-2034
Figure 103: South Asia and Pacific Market Volume (Units) Analysis by Battery Type, 2019-2034
Figure 104: South Asia and Pacific Market Value Share (%) and BPS Analysis by Battery Type, 2024-2034
Figure 105: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Battery Type, 2024-2034
Figure 106: South Asia and Pacific Market Attractiveness by Product Type, 2024-2034
Figure 107: South Asia and Pacific Market Attractiveness by Battery Type, 2024-2034
Figure 108: South Asia and Pacific Market Attractiveness by Country, 2024-2034
Figure 109: East Asia Market Value (US$ Million) by Product Type, 2024-2034
Figure 110: East Asia Market Value (US$ Million) by Battery Type, 2024-2034
Figure 111: East Asia Market Value (US$ Million) by Country, 2024-2034
Figure 112: East Asia Market Value (US$ Million) Analysis by Country, 2019-2034
Figure 113: East Asia Market Volume (Units) Analysis by Country, 2019-2034
Figure 114: East Asia Market Value Share (%) and BPS Analysis by Country, 2024-2034
Figure 115: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024-2034
Figure 116: East Asia Market Value (US$ Million) Analysis by Product Type, 2019-2034
Figure 117: East Asia Market Volume (Units) Analysis by Product Type, 2019-2034
Figure 118: East Asia Market Value Share (%) and BPS Analysis by Product Type, 2024-2034
Figure 119: East Asia Market Y-o-Y Growth (%) Projections by Product Type, 2024-2034
Figure 120: East Asia Market Value (US$ Million) Analysis by Battery Type, 2019-2034
Figure 121: East Asia Market Volume (Units) Analysis by Battery Type, 2019-2034
Figure 122: East Asia Market Value Share (%) and BPS Analysis by Battery Type, 2024-2034
Figure 123: East Asia Market Y-o-Y Growth (%) Projections by Battery Type, 2024-2034
Figure 124: East Asia Market Attractiveness by Product Type, 2024-2034
Figure 125: East Asia Market Attractiveness by Battery Type, 2024-2034
Figure 126: East Asia Market Attractiveness by Country, 2024-2034
Figure 127: Middle East and Africa Market Value (US$ Million) by Product Type, 2024-2034
Figure 128: Middle East and Africa Market Value (US$ Million) by Battery Type, 2024-2034
Figure 129: Middle East and Africa Market Value (US$ Million) by Country, 2024-2034
Figure 130: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2019-2034
Figure 131: Middle East and Africa Market Volume (Units) Analysis by Country, 2019-2034
Figure 132: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024-2034
Figure 133: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024-2034
Figure 134: Middle East and Africa Market Value (US$ Million) Analysis by Product Type, 2019-2034
Figure 135: Middle East and Africa Market Volume (Units) Analysis by Product Type, 2019-2034
Figure 136: Middle East and Africa Market Value Share (%) and BPS Analysis by Product Type, 2024-2034
Figure 137: Middle East and Africa Market Y-o-Y Growth (%) Projections by Product Type, 2024-2034
Figure 138: Middle East and Africa Market Value (US$ Million) Analysis by Battery Type, 2019-2034
Figure 139: Middle East and Africa Market Volume (Units) Analysis by Battery Type, 2019-2034
Figure 140: Middle East and Africa Market Value Share (%) and BPS Analysis by Battery Type, 2024-2034
Figure 141: Middle East and Africa Market Y-o-Y Growth (%) Projections by Battery Type, 2024-2034
Figure 142: Middle East and Africa Market Attractiveness by Product Type, 2024-2034
Figure 143: Middle East and Africa Market Attractiveness by Battery Type, 2024-2034
Figure 144: Middle East and Africa Market Attractiveness by Country, 2024-2034
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the anticipated value of the Electric Two Wheeler market in 2024?
The market is projected to reach a valuation of US$ 70,880.2 million in 2024.
What is the expected CAGR for the Electric Two Wheeler market until 2034?
The electric two wheeler industry is set to expand by a CAGR of 11.1% through 2034.
How much valuation is projected for the Electric Two Wheeler market in 2034?
The electric two wheeler market is forecast to reach US$ 203,078.7 million by 2034.
Which country is projected to lead the Electric Two Wheeler market?
The United States is expected to be the top performing market, exhibiting a CAGR of 12.5% through 2034.
Which is the dominant product type in the Electric Two Wheeler domain?
Electric Scooters is preferred, and are expected to account for a share of 61.2% in 2024.
Electric Two Wheeler Market