Fairfield Market Research Electric Two-Wheeler Market to Attain US $80 Billion by 2030

Electric Two-wheeler Market

Global Electric Two-Wheeler Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 - (By Vehicle Type Coverage, By Motor Placement Coverage, By Motor Power Coverage, By Battery Type Coverage, By Geographic Coverage and Leading Companies)

Published Date: Aug 2023 | Format: | No. of Pages: 260

Industry: Automotive & Transport


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The global electric two-wheeler market will rise at a significant pace of around 12% CAGR during the period of assessment 2023 - 2030, reaching a market value of more than US$80 Bn by the end of 2030.

Market Analysis in Brief

Electric two-wheelers are automated vehicles comparable to scooters or motorcycles driven by petrol, ruling out the possibility that they only run on batteries. The electric two-wheelers are in high demand because it offers regulation procurement and reduces air and noise pollution due to the absence of local tailpipe emissions and are essentially silent. Over the projected period, technological advancements in battery management systems are anticipated to boost demand for electric two-wheelers. Another factor driving demand for electric two-wheelers is several tax benefits offered by the government and suppliers. Additionally, customers find it difficult to predict the long-term cost of operating a vehicle powered by petrol because the price of petrol is particularly volatile and subject to change in the global oil market in many nations.

Electric Two-wheeler Market

Electric two-wheeler price, performance, and efficiency depend on the installed battery, as the battery is the most crucial component of any electric two-wheeler. Most electric motorcycles, and scooters were sold with lead-acid batteries up until 2020. To overcome the drawbacks of lead-acid batteries, two-wheeler producers are currently concentrating on developing and installing more sophisticated lithium-ion batteries in modern electric scooters and motorbikes. There is an unmet need in countries like India to improve its commuting medium due to its economic expansion and fast-expanding population.

Key Report Findings

  • The market for electric two-wheeler will demonstrate remarkable expansion between 2023 and 2030.
  • The electric scooter increases demand for electric two-wheeler.
  • Demand for hub motors remains higher in the electric two-wheeler market.
  • The 48V category held the highest electric two-wheeler market revenue share in 2022.
  • The lithium-ion battery type held the highest electric two-wheeler market revenue share in 2022.
  • Asia Pacific will continue to lead, whereas the North American electric two-wheeler market will experience the strongest growth until 2030.

Growth Drivers

Growing Use of Battery Swapping Technology

With the help of a brand-new technology called battery swapping, owners of electric vehicles may replace their dead or dying batteries with fully charged ones. Due to this breakthrough, the market may undergo a full transformation, increasing drivers' comfort and convenience while traveling long distances. The automated battery-swapping procedure entails changing batteries using a robotic arm.

One of the key benefits of battery switching is that range anxiety, a common concern among EV customers, is alleviated. Battery-swapping stations are more accessible to people who might not otherwise have access to fuelling options because they are significantly less expensive to build than traditional petrol stations. This might have a big impact, particularly in rural areas and less developed countries where EV adoption is increasing.

Additionally, the government is implementing policies and investing in constructing the battery-swapping stations. To increase efficiency in the EV ecosystem, the Indian government in its financial budget 2023 stated that it will implement a battery-swapping policy and interoperability standards. The problem of range limitation in electric two-wheelers will be resolved by such swift investments and breakthroughs in battery technology, encouraging customers to favour electric scooters, and motorcycles.

Mounting Sales of Electric Motorbikes, and E-bikes for Short Trips

Commuters are looking for comfortable, quick, and economical forms of transportation to reach their destination due to the ever-increasing traffic congestion resulting in lengthy commutes. Urban mobility's unique needs can be conveniently met by lightweight electric vehicles such as e-kicks, electric motorbikes, and electric bicycles. Additionally, emerging economies are increasingly adopting electric motorcycles.

In India, sales of electric motorcycles climbed by 16.5% from 2019 to 2020. The Indian government has implemented advantageous tax policies to promote electric motorcycles. On the interest paid on loans carried out by individuals, an additional tax advantage of INR 1.5 lakh (US$2,000) is offered by electric motorcycles, and the GST on electric motorcycles has been decreased from 12-5%. These programs encourage using electric motorbikes and E-bikes for quick urban commutes.

Market Challenges

Performance, Range, and Design Limitations

The electric motorcycle and scooter industry is still in infancy. Despite manufacturers using cutting-edge design and technology, these vehicles are yet to attain the efficiency and power levels of conventional two-wheelers. Most electric scooters, and motorcycles currently on the market, lack the power output that consumers desire. A few idea models have been created by manufacturers that meet the performance and design criteria.

Furthermore, range limitation is another key problem that is viewed as a barrier in uptake of electric scooters, and bikes. Unlike regular two-wheelers, electric two-wheelers do not have fuel tanks. Compared to typical two-wheelers, a fully charged battery's range is significantly less. Currently, most electric two-wheelers range up to 100–120 miles. Customers hesitate to purchase electric two-wheelers, especially those who frequently travel great distances.

Overview of Key Segments

E-scooter Sales Highest

Due to their lower starting cost than electric motorcycles and the rising demand for inexpensive commuting, e-scooters and mopeds are anticipated to make up most of the market for electric scooters and motorcycles during the forecast period. For instance, Nexzu Mobility has developed into a comprehensive electric mobility company that serves both business-to-business and consumer markets for electric two-wheelers. To provide consumers with fashionable, cutting-edge eco-friendly vehicles at a reasonable price, this market is predicted to grow at the fastest rate due to the higher adoption rate in the market globally.

Electric scooters and mopeds are advantageous for daily commuting since they are energy-efficient and contribute to cleaner air. Several reputable two-wheeler manufacturers have entered the electric scooter/moped segment. In January 2023, Damon Motors established cooperation with PT Indika Energy Tbk., Indonesia's top diversified energy firm. Additionally, Indika has made an undisclosed investment in Damon and will act as the motorcycle manufacturer's distributor in the Indonesian market. Several other manufacturers have created new electric scooter models.

Lithium-ion Battery Type Dominant

The lithium-ion category will dominate the electric two-wheeler market over the forecast period. These batteries have several benefits over conventional lead-acid batteries, including a higher energy density, a lighter design, and a longer lifespan. Lithium-ion batteries overcome the issues of low battery capacity, deliver increased range and improved performance, rapid charging times and increased safety features. Their reduced weight also aids in enhancing mobility and the overall efficiency of electric two-wheelers. Consequently, this will positively affect the growth of the electric two-wheeler market.

Growth Opportunities Across Regions

e-Mobility adoption Soars in Key Asian Countries

The electric two-wheeler market will continue to witness clear dominance of Asia Pacific in line with several factors, including the escalating environmental concerns that have been boosting the adoption of electric two-wheelers. Customers are increasingly choosing environmentally friendly transportation options like electric two-wheelers to lessen their carbon footprint as the region's countries struggle with air pollution and its effects on public health.

Furthermore, in the Asia Pacific region, encouraging government programs and regulations have made utilizing electric vehicles, notably two-wheelers, more appealing. Governments have implemented subsidies, tax breaks, and infrastructure development plans to promote electric mobility. These encouraging policies have increased consumer access and electric two-wheeler affordability, fuelling industry expansion.

During the projected period, the Asia Pacific market is anticipated to be driven by electric scooters for local transportation and government initiatives promoting e-mobility. Some of the major Asian manufacturers include Hero Electric (India), Okinawa Autotech Private Limited (India), Jiangsu Xinri (China), Niu International (China), and Yadea Technology Group Co., Ltd. (China).

North America to Witness Escalating Sales

The market for electric two-wheeler across North America will display a significant CAGR over the forecast period. The US experienced a high growth in electric two-wheeler sales during the pandemic, and other factors contributing to this region's high growth include falling battery prices in the US, increasing investments by shared mobility players in electric two-wheeler companies, and increased efforts by major two-wheeler companies to introduce electric two-wheelers. Further, the US electric two-wheeler market had the biggest market share, while the fastest-growing market in the region was that of Canada for electric two-wheelers.

The major players in the region have also increased their R&D expenditures on such two-wheelers significantly. Due to this, more firms are now selling similar scooters for ride sharing. For instance, Lime has suggested spending US$50 Mn to increase its shared EV network, which would add a new model and nearly double the number of cities where it is currently active.

Electric Two-wheeler Market: Competitive Landscape

Some of the leading players at the forefront in the electric two-wheeler market space include Yadea Group Holdings Ltd., Silence Urban Ecomobility, Niu Technologies, Segway Inc., Hero Electric Pvt. Ltd., Okinawa Autotech Pvt. Ltd., Ather Energy Pvt. Ltd., AIMA Technology Co., Ltd., Ola Electric Mobility Pvt Ltd., Pure Electric, Piaggio & C. SpA, and BMW North America, LLC.

Recent Notable Developments

  • In April 2022, the world's top smart urban mobility solutions supplier, Niu Technologies, established a partnership with Init Esports, specialising in sim racing competitions and motorbike championships.
  • In January 2023, At CES in Las Vegas, Nevada, China-based Yadea Group introduced the Yadea Keeness VFD. With a 10KW mid-mounted high-performance motor, the Keeness VFD model has a top speed of 100 km/h and can accelerate from 0 to 50 km/h in under 4 seconds.
  • In January 2023, Yadea introduced, the new model Voltguard, an ATL lithium battery pack (72V27Ah*2), with ultra-high density and increased power output simultaneously, powers the scooter.

The Global Electric Two-wheeler Market is Segmented as Below:

Vehicle Type Outlook

  • Electric Motorcycle
  • Electric Scooter
  • Electric Kick Scooter
  • Others

Motor Placement Outlook

  • Hub Motor
  • Frame-mounted Motor

Motor Power Outlook

  • 48V
  • 60V
  • 72V
  • Others

Battery Type Outlook

  • Lithium-ion
  • Lead-acid
  • Lithium iron phosphate
  • Others

By Geographic Coverage

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Leading Companies

1. Executive Summary
     1.1. Global Electric Two-wheeler Market Snapshot
     1.2. Future Projections
     1.3. Key Market Trends
     1.4. Regional Snapshot, by Value (US$ Bn) and Volume (Units), 2022
     1.5. Analyst Recommendations

2. Market Overview
     2.1. Market Definitions and Segmentations
     2.2. Market Dynamics
            2.2.1. Drivers
            2.2.2. Restraints
            2.2.3. Market Opportunities
     2.3. Value Chain Analysis
     2.4. Porter’s Five Forces Analysis
     2.5. COVID-19 Impact Analysis
            2.5.1. Supply
            2.5.2. Demand
     2.6. Impact of Ukraine-Russia Conflict
     2.7. Economic Overview
            2.7.1. World Economic Projections
     2.8. PESTLE Analysis

3. Global Electric Two-wheeler Market Outlook, 2018 - 2030
     3.1. Global Electric Two-wheeler Market Outlook, by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
            3.1.1. Key Highlights
                  3.1.1.1. Electric Motorcycle
                  3.1.1.2. Electric Scooter
                  3.1.1.3. Electric Kick Scooter
                  3.1.1.4. Others
     3.2. Global Electric Two-wheeler Market Outlook, by Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
            3.2.1. Key Highlights
                  3.2.1.1. Hub Motor
                  3.2.1.2. Frame-mounted Motor
     3.3. Global Electric Two-wheeler Market Outlook, by Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
            3.3.1. Key Highlights
                  3.3.1.1. 48V
                  3.3.1.2. 60V
                  3.3.1.3. 72V
                  3.3.1.4. Others
     3.4. Global Electric Two-wheeler Market Outlook, by Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
            3.4.1. Key Highlights
                  3.4.1.1. Lithium-ion
                  3.4.1.2. Lead-acid
                  3.4.1.3. Lithium iron phosphate
                  3.4.1.4. Others
     3.5. Global Electric Two-wheeler Market Outlook, by Region, Value (US$ Bn) and Volume (Units), 2018 - 2030
            3.5.1. Key Highlights
                  3.5.1.1. North America
                  3.5.1.2. Europe
                  3.5.1.3. Asia Pacific
                  3.5.1.4. Latin America
                  3.5.1.5. Middle East & Africa

4. North America Electric Two-wheeler Market Outlook, 2018 - 2030
     4.1. North America Electric Two-wheeler Market Outlook, by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
            4.1.1. Key Highlights
                  4.1.1.1. Electric Motorcycle
                  4.1.1.2. Electric Scooter
                  4.1.1.3. Electric Kick Scooter
                  4.1.1.4. Others
     4.2. North America Electric Two-wheeler Market Outlook, by Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
            4.2.1. Key Highlights
                  4.2.1.1. Hub Motor
                  4.2.1.2. Frame-mounted Motor
     4.3. North America Electric Two-wheeler Market Outlook, by Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
            4.3.1. Key Highlights
                  4.3.1.1. 48V
                  4.3.1.2. 60V
                  4.3.1.3. 72V
                  4.3.1.4. Others
     4.4. North America Electric Two-wheeler Market Outlook, by Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
            4.4.1. Key Highlights
                  4.4.1.1. Lithium-ion
                  4.4.1.2. Lead-acid
                  4.4.1.3. Lithium iron phosphate
                  4.4.1.4. Others
            4.4.2. Market Attractiveness Analysis
     4.5. North America Electric Two-wheeler Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2018 - 2030
            4.5.1. Key Highlights
                  4.5.1.1. U.S. Electric Two-wheeler Market by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  4.5.1.2. U.S. Electric Two-wheeler Market Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  4.5.1.3. U.S. Electric Two-wheeler Market Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  4.5.1.4. U.S. Electric Two-wheeler Market Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  4.5.1.5. Canada Electric Two-wheeler Market by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  4.5.1.6. Canada Electric Two-wheeler Market Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  4.5.1.7. Canada Electric Two-wheeler Market Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  4.5.1.8. Canada Electric Two-wheeler Market Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
            4.5.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Electric Two-wheeler Market Outlook, 2018 - 2030
     5.1. Europe Electric Two-wheeler Market Outlook, by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
            5.1.1. Key Highlights
                  5.1.1.1. Electric Motorcycle
                  5.1.1.2. Electric Scooter
                  5.1.1.3. Electric Kick Scooter
                  5.1.1.4. Others
     5.2. Europe Electric Two-wheeler Market Outlook, by Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
            5.2.1. Key Highlights
                  5.2.1.1. Hub Motor
                  5.2.1.2. Frame-mounted Motor
     5.3. Europe Electric Two-wheeler Market Outlook, by Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
            5.3.1. Key Highlights
                  5.3.1.1. 48V
                  5.3.1.2. 60V
                  5.3.1.3. 72V
                  5.3.1.4. Others
     5.4. Europe Electric Two-wheeler Market Outlook, by Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
            5.4.1. Key Highlights
                  5.4.1.1. Lithium-ion
                  5.4.1.2. Lead-acid
                  5.4.1.3. Lithium iron phosphate
                  5.4.1.4. Others
            5.4.2. BPS Analysis/Market Attractiveness Analysis
     5.5. Europe Electric Two-wheeler Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2018 - 2030
            5.5.1. Key Highlights
                  5.5.1.1. Germany Electric Two-wheeler Market by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  5.5.1.2. Germany Electric Two-wheeler Market Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  5.5.1.3. Germany Electric Two-wheeler Market Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  5.5.1.4. Germany Electric Two-wheeler Market Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  5.5.1.5. U.K. Electric Two-wheeler Market by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  5.5.1.6. U.K. Electric Two-wheeler Market Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  5.5.1.7. U.K. Electric Two-wheeler Market Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  5.5.1.8. U.K. Electric Two-wheeler Market Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  5.5.1.9. France Electric Two-wheeler Market by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  5.5.1.10. France Electric Two-wheeler Market Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  5.5.1.11. France Electric Two-wheeler Market Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  5.5.1.12. France Electric Two-wheeler Market Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  5.5.1.13. Italy Electric Two-wheeler Market by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  5.5.1.14. Italy Electric Two-wheeler Market Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  5.5.1.15. Italy Electric Two-wheeler Market Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  5.5.1.16. Italy Electric Two-wheeler Market Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  5.5.1.17. Spain Electric Two-wheeler Market by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  5.5.1.18. Spain Electric Two-wheeler Market Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  5.5.1.19. Spain Electric Two-wheeler Market Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  5.5.1.20. Spain Electric Two-wheeler Market Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  5.5.1.21. Russia Electric Two-wheeler Market by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  5.5.1.22. Russia Electric Two-wheeler Market Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  5.5.1.23. Russia Electric Two-wheeler Market Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  5.5.1.24. Russia Electric Two-wheeler Market Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  5.5.1.25. Rest of Europe Electric Two-wheeler Market by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  5.5.1.26. Rest of Europe Electric Two-wheeler Market Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  5.5.1.27. Rest of Europe Electric Two-wheeler Market Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  5.5.1.28. Rest of Europe Electric Two-wheeler Market Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
            5.5.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Electric Two-wheeler Market Outlook, 2018 - 2030
     6.1. Asia Pacific Electric Two-wheeler Market Outlook, by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
            6.1.1. Key Highlights
                  6.1.1.1. Electric Motorcycle
                  6.1.1.2. Electric Scooter
                  6.1.1.3. Electric Kick Scooter
                  6.1.1.4. Others
     6.2. Asia Pacific Electric Two-wheeler Market Outlook, by Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
            6.2.1. Key Highlights
                  6.2.1.1. Hub Motor
                  6.2.1.2. Frame-mounted Motor
     6.3. Asia Pacific Electric Two-wheeler Market Outlook, by Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
            6.3.1. Key Highlights
                  6.3.1.1. 48V
                  6.3.1.2. 60V
                  6.3.1.3. 72V
                  6.3.1.4. Others
     6.4. Asia Pacific Electric Two-wheeler Market Outlook, by Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
            6.4.1. Key Highlights
                  6.4.1.1. Lithium-ion
                  6.4.1.2. Lead-acid
                  6.4.1.3. Lithium iron phosphate
                  6.4.1.4. Others
            6.4.2. BPS Analysis/Market Attractiveness Analysis
     6.5. Asia Pacific Electric Two-wheeler Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2018 - 2030
            6.5.1. Key Highlights
                  6.5.1.1. China Electric Two-wheeler Market by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  6.5.1.2. China Electric Two-wheeler Market Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  6.5.1.3. China Electric Two-wheeler Market Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  6.5.1.4. China Electric Two-wheeler Market Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  6.5.1.5. Japan Electric Two-wheeler Market by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  6.5.1.6. Japan Electric Two-wheeler Market by Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  6.5.1.7. Japan Electric Two-wheeler Market by Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  6.5.1.8. Japan Electric Two-wheeler Market Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  6.5.1.9. South Korea Electric Two-wheeler Market by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  6.5.1.10. South Korea Electric Two-wheeler Market by Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  6.5.1.11. South Korea Electric Two-wheeler Market by Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  6.5.1.12. South Korea Electric Two-wheeler Market Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  6.5.1.13. India Electric Two-wheeler Market by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  6.5.1.14. India Electric Two-wheeler Market by Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  6.5.1.15. India Electric Two-wheeler Market by Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  6.5.1.16. India Electric Two-wheeler Market Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  6.5.1.17. Southeast Asia Electric Two-wheeler Market by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  6.5.1.18. Southeast Asia Electric Two-wheeler Market by Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  6.5.1.19. Southeast Asia Electric Two-wheeler Market by Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  6.5.1.20. Southeast Asia Electric Two-wheeler Market Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  6.5.1.21. Rest of Asia Pacific Electric Two-wheeler Market by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  6.5.1.22. Rest of Asia Pacific Electric Two-wheeler Market by Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  6.5.1.23. Rest of Asia Pacific Electric Two-wheeler Market by Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  6.5.1.24. Rest of Asia Pacific Electric Two-wheeler Market Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
            6.5.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Electric Two-wheeler Market Outlook, 2018 - 2030
     7.1. Latin America Electric Two-wheeler Market Outlook, by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
            7.1.1. Key Highlights
                  7.1.1.1. Electric Motorcycle
                  7.1.1.2. Electric Scooter
                  7.1.1.3. Electric Kick Scooter
                  7.1.1.4. Others
     7.2. Latin America Electric Two-wheeler Market Outlook, by Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
            7.2.1. Key Highlights
                  7.2.1.1. Hub Motor
                  7.2.1.2. Frame-mounted Motor
     7.3. Latin America Electric Two-wheeler Market Outlook, by Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
            7.3.1. Key Highlights
                  7.3.1.1. 48V
                  7.3.1.2. 60V
                  7.3.1.3. 72V
                  7.3.1.4. Others
     7.4. Latin America Electric Two-wheeler Market Outlook, by Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
            7.4.1. Key Highlights
                  7.4.1.1. Lithium-ion
                  7.4.1.2. Lead-acid
                  7.4.1.3. Lithium iron phosphate
                  7.4.1.4. Others
            7.4.2. BPS Analysis/Market Attractiveness Analysis
     7.5. Latin America Electric Two-wheeler Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2018 - 2030
            7.5.1. Key Highlights
                  7.5.1.1. Brazil Electric Two-wheeler Market by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  7.5.1.2. Brazil Electric Two-wheeler Market by Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  7.5.1.3. Brazil Electric Two-wheeler Market by Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  7.5.1.4. Brazil Electric Two-wheeler Market Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  7.5.1.5. Mexico Electric Two-wheeler Market by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  7.5.1.6. Mexico Electric Two-wheeler Market by Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  7.5.1.7. Mexico Electric Two-wheeler Market by Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  7.5.1.8. Mexico Electric Two-wheeler Market Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  7.5.1.9. Rest of Latin America Electric Two-wheeler Market by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  7.5.1.10. Rest of Latin America Electric Two-wheeler Market by Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  7.5.1.11. Rest of Latin America Electric Two-wheeler Market by Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  7.5.1.12. Rest of Latin America Electric Two-wheeler Market Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
            7.5.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Electric Two-wheeler Market Outlook, 2018 - 2030
     8.1. Middle East & Africa Electric Two-wheeler Market Outlook, by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
            8.1.1. Key Highlights
                  8.1.1.1. Electric Motorcycle
                  8.1.1.2. Electric Scooter
                  8.1.1.3. Electric Kick Scooter
                  8.1.1.4. Others
     8.2. Middle East & Africa Electric Two-wheeler Market Outlook, by Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
            8.2.1. Key Highlights
                  8.2.1.1. Hub Motor
                  8.2.1.2. Frame-mounted Motor
     8.3. Middle East & Africa Electric Two-wheeler Market Outlook, by Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
            8.3.1. Key Highlights
                  8.3.1.1. 48V
                  8.3.1.2. 60V
                  8.3.1.3. 72V
                  8.3.1.4. Others
     8.4. Middle East & Africa Electric Two-wheeler Market Outlook, by Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
            8.4.1. Key Highlights
                  8.4.1.1. Lithium-ion
                  8.4.1.2. Lead-acid
                  8.4.1.3. Lithium iron phosphate
                  8.4.1.4. Others
            8.4.2. BPS Analysis/Market Attractiveness Analysis
     8.5. Middle East & Africa Electric Two-wheeler Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2018 - 2030
            8.5.1. Key Highlights
                  8.5.1.1. GCC Electric Two-wheeler Market by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  8.5.1.2. GCC Electric Two-wheeler Market by Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  8.5.1.3. GCC Electric Two-wheeler Market by Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  8.5.1.4. GCC Electric Two-wheeler Market Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  8.5.1.5. South Africa Electric Two-wheeler Market by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  8.5.1.6. South Africa Electric Two-wheeler Market by Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  8.5.1.7. South Africa Electric Two-wheeler Market by Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  8.5.1.8. South Africa Electric Two-wheeler Market Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  8.5.1.9. Rest of Middle East & Africa Electric Two-wheeler Market by Vehicle Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  8.5.1.10. Rest of Middle East & Africa Electric Two-wheeler Market by Motor Placement Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  8.5.1.11. Rest of Middle East & Africa Electric Two-wheeler Market by Motor Power Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
                  8.5.1.12. Rest of Middle East & Africa Electric Two-wheeler Market Battery Type Outlook, Value (US$ Bn) and Volume (Units), 2018 - 2030
            8.5.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape
     9.1. Product vs Motor Power Outlook Heatmap
     9.2. Manufacturer vs Motor Power Outlook Heatmap
     9.3. Company Market Share Analysis, 2022
     9.4. Company Profiles
            9.4.1. Ola Electric Mobility Pvt Ltd.
                  9.4.1.1. Company Overview
                  9.4.1.2. Product Portfolio
                  9.4.1.3. Financial Overview
                  9.4.1.4. Business Strategies and Development
            9.4.2. Yadea Group Holdings Ltd.
                  9.4.2.1. Company Overview
                  9.4.2.2. Product Portfolio
                  9.4.2.3. Financial Overview
                  9.4.2.4. Business Strategies and Development
            9.4.3. Okinawa Autotech
                  9.4.3.1. Company Overview
                  9.4.3.2. Product Portfolio
                  9.4.3.3. Financial Overview
                  9.4.3.4. Business Strategies and Development
            9.4.4. Silence Urban Ecomobility
                  9.4.4.1. Company Overview
                  9.4.4.2. Product Portfolio
                  9.4.4.3. Financial Overview
                  9.4.4.4. Business Strategies and Development
            9.4.5. Pure Electric
                  9.4.5.1. Company Overview
                  9.4.5.2. Product Portfolio
                  9.4.5.3. Financial Overview
                  9.4.5.4. Business Strategies and Development
            9.4.6. Segway Inc.
                  9.4.6.1. Company Overview
                  9.4.6.2. Product Portfolio
                  9.4.6.3. Financial Overview
                  9.4.6.4. Business Strategies and Development
            9.4.7. Hero Electric Pvt. Ltd.
                  9.4.7.1. Company Overview
                  9.4.7.2. Product Portfolio
                  9.4.7.3. Financial Overview
                  9.4.7.4. Business Strategies and Development
            9.4.8. Niu Technologies
                  9.4.8.1. Company Overview
                  9.4.8.2. Product Portfolio
                  9.4.8.3. Financial Overview
                  9.4.8.4. Business Strategies and Development
            9.4.9. Ather Energy Pvt. Ltd.
                  9.4.9.1. Company Overview
                  9.4.9.2. Product Portfolio
                  9.4.9.3. Financial Overview
                  9.4.9.4. Business Strategies and Development
            9.4.10. AIMA Technology Co., Ltd.
                  9.4.10.1. Company Overview
                  9.4.10.2. Product Portfolio
                  9.4.10.3. Financial Overview
                  9.4.10.4. Business Strategies and Development
            9.4.11. Piaggio & C. SpA
                  9.4.11.1. Company Overview
                  9.4.11.2. Product Portfolio
                  9.4.11.3. Financial Overview
                  9.4.11.4. Business Strategies and Development
            9.4.12. BMW North America, LLC
                  9.4.12.1. Company Overview
                  9.4.12.2. Product Portfolio
                  9.4.12.3. Financial Overview
                  9.4.12.4. Business Strategies and Development

10. Appendix
     10.1. Research Methodology
     10.2. Report Assumptions
     10.3. Acronyms and Abbreviations

 

BASE YEAR

HISTORICAL DATA

FORECAST PERIOD

UNITS

2022

 

2018 - 2022

2023 - 2030

Value: US$ Million Volume: Million Tons

 

REPORT FEATURES

DETAILS

 Vehicle Type Coverage

  • Electric Motorcycle
  • Electric Scooter
  • Electric Kick Scooter
  • Others 

Motor Placement Coverage

  • Hub Motor
  • Frame-mounted Motor

Motor Power Coverage

  • 48V
  • 60V
  • 72V
  • Others

Battery Type Coverage 

  • Lithium-ion
  • Lead-acid
  • Lithium iron Phosphate
  • Others

Geographical Coverage

  • North America 
    • United States
    • Canada
  • Europe 
    • United Kingdom
    • Germany
    • France
    • Italy
    • Norway
    • Russia
    • Rest of Europe
  • Asia Pacific 
    • Japan
    • China
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Rest of the World 
    • Latin America
    • Middle East and Africa

Leading Companies

  • Ola Electric Mobility Pvt Ltd.
  • Yadea Group Holdings Ltd.
  • Okinawa Autotech
  • Silence Urban Ecomobility
  • Pure Electric
  • Hero Electric Pvt. Ltd.
  • Niu Technologies
  • Segway, Inc. (A Ninebot, Inc. company)
  • Ather Energy Pvt. Ltd.
  • AIMA Technology Co., Ltd.
  • Piaggio & C. SpA
  • BMW North America, LLC

Report Highlights

Key Market Indicators, Macro-micro economic impact analysis, Technological Roadmap, Key Trends, Driver, Restraints, and Future Opportunities & Revenue Pockets, Porter’s 5 Forces Analysis, Historical Trend (2019-2021), Price Trend Analysis, Market Estimates and Forecast, Market Dynamics, Industry Trends, Competition Landscape, Category, Region, Country-wise Trends & Analysis, COVID-19 Impact Analysis (Demand and Supply Chain)

FAQs : Electric Two-wheeler Market

Toward the end of forecast year 2030, the global electric two-wheeler market size will reach a valuation of around US$80 Bn.

The market for electric two-wheelers is all set for an overwhelming CAGR of 12% during the assessment period, 2023 - 2030.

Sales of e-scooters, and e-mopeds are expected to account for a majority of the market for electric scooters and motorcycles through the end of forecast period. By battery type, the lithium-ion category will maintain dominance, whereas the hub motors are likely to retain popularity over other motor type categories.

The global electric two-wheeler market is expected to experience continued dominance of Asia Pacific while North America is set to demonstrate a significant CAGR over the forecast period.

Ola Electric Mobility Pvt Ltd., Segway Inc., Pure Electric, Okinawa Autotech Pvt. Ltd., Hero Electric Pvt. Ltd., Ather Energy Pvt. Ltd., AIMA Technology Co., Ltd., BMW North America, LLC, and Piaggio & C. SpA constitute some of the major industry participants in the worldwide electric two-wheeler space.

Our Research Methodology

Considering the volatility of business today, traditional approaches to strategizing a game plan can be unfruitful if not detrimental. True ambiguity is no way to determine a forecast. A myriad of predetermined factors must be accounted for such as the degree of risk involved, the magnitude of circumstances, as well as conditions or consequences that are not known or unpredictable. To circumvent binary views that cast uncertainty, the application of market research intelligence to strategically posture, move, and enable actionable outcomes is necessary.

View Methodology
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