"Market Intelligence for High-Geared Performance"
Conventional two-wheelers account for one of the major shares of air pollution globally. Various ruling bodies and governments have imposed stringent emission norms on manufacturers to develop emission free or and alternative to conventional vehicles. In recent years there have been huge adoption of electric two-wheelers. It is considered to be one of the vital modes of transportation especially in developed cities where there is a heavy traffic. These vehicles are lightweight and can be easily maneuverer on crowded streets. Electric two-wheelers can be easily charged through any power outlet, and usually have removable or replaceable batteries, which can be detached from the vehicle and charged indoor. Technological advances in the field of battery management systems are expected to fuel the demand for electric two-wheeler over the forecast period. Various tax benefits offered by the governments and vendors is also another reason that is fuelling the demand for electric two-wheelers. Recently, India announced to put an end to its 150cc ICE two-wheeler manufacturing by 2025.
Key Market Driver -
Less maintenance cost is expected to drive the growth of the market in the forecast period.
Key Market Restraint -
Less charging infrastructure may hamper the growth of the market during the forecast period.
Globally, the Electric two-wheeler market is segmented by battery type, by voltage type, by vehicle type and by geographic coverage. Based on battery type, the market is further segmented into sealed lead acid and lithium-ion. The lithium-ion segment is expected to dominate the market over the forecast period. Manufacturers are trying to develop electric two-wheelers equipped with advanced lithium-ion batteries. Less battery life, heavy weight and less range of lead acid battery is the prime reason for the dominance of lithium-ion batteries in electric two-wheelers over the forecast period. By voltage type market is segmented into 36V, 48V, 60V and 72V. As more and more electric motorcycles adopt high-power output, the 48V market segment occupies most of the market share. The ability of 48V batteries to generate ideal power output to compete with traditional ICE two-wheelers will drive market demand. Based on vehicle type market is segmented into e-mopeds and e-motorcycle. In past years, manufacturers were inclined towards producing e-mopeds because their design is more suitable for incorporating electric propulsion systems. Electric mopeds have range and performance limitations; moreover, they are only used for limited purposes for short-distance commuting. With the help of electric motorcycles, users can meet different purposes, such as cruising, racing, off-road and commuting, which will increase their needs in the future.
Major players operating in the global Electric Two-Wheeler System market include Hero Electric, Jiangsu Xinri E-Vehicle Co., Ltd., Energica Motor Company S.p.A, Ampere Vehicles, Silence Urban Ecomobility, Zero Motorcycles, Inc., Vmoto Limited, GOVECS AG, NIU International, and Yadea Group Holdings Ltd among others.
Geographically, the Electric Two-Wheeler System market is segmented into North America, Europe, Asia Pacific, and the rest of the world. In China, sales and sales growth, growing demand for affordable electric scooters for short commutes in developing economies, and governments that promote electric two-wheelers are expected to boost the Asia-Pacific market during the forecast period. China’s fast-growing economy is driving the development of advanced technologies to improve the country’s electrification. The Indian government is taking initiatives such as FAME-II to provide subsidies and tax exemptions to buyers to promote electric two-wheelers in the country. The European region accounted for the second largest share of the industry and is expected to maintain its position in the market owing to rising adoption of fuel-efficient vehicles in this region. The Netherlands focuses on green vehicles and is expected to become Europe's largest market by 2022. Due to the increasing focus on carbon emissions of traditional ICE two-wheelers and the efficiency of electric two-wheelers, European authorities have developed a large-scale charging infrastructure network, thereby driving the growth of the electric scooter and motorcycle market.
To gain extensive insights into the market, Request for Customization
By Battery Type
By Voltage Type
By Vehicle Type
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry