Global Electric Two Wheeler Market Overview:
Electric Two Wheelers are plug-in electric vehicles with two or three wheels. The electricity is stored on board in a rechargeable battery, which drives one or more electric motors. Electric two wheelers with an integrated electric motor drive mechanism and battery, which produces power for causing or assisting propulsion. Electric two wheelers are a flexible, versatile, eco-friendly, and trendy mode of transport. These two wheelers help tackle traffic congestion, owing to the smaller size of e-bikes, attain higher speed with lesser effort, and health benefits attained with peddling. These factors lead to rise in popularity of electric two wheelers across the globe. The Asia Pacific electric two wheeler market is the fastest growing market due to the government initiatives and growing high-performance E-Motorcycle segment.
- Increasing Prices of Petroleum Products is Driving the Electric Two Wheeler Market
- Low Operating and Maintenance Costs of Electric Scooters and Motorcycles is Driving the Market Forward
- High Cost and Limited Life Cycle of Electric Battery
- Growing Support from Government Bodies of Different Countries is Expected to Create Opportunities for the Market
- Lack of Availability of Electric Charging Stations in Developing Nations
- Stringent Regulatory Standards on the use of Electric Two Wheeler
The demand for Electric Two Wheeler is increasing with each passing day. The businesses in this industry facing major competition with leading players of the market that includes Honda Motor Company, KTM, Suzuki, Bayerische Motoren Werke AG and others. Many international as well as regional providers are also participants in the industry and directly compete with leaders. It has been identified that market leading players are investing heavily in growth strategies such as technological development, resource utilization to enhance their market position. The market leaders such as Honda Motor Company, KTM, Suzuki, Bayerische Motoren Werke AG demonstrate a market-defining vision of how electric two wheeler can help top-line business executives achieve their business objectives. Leaders have the ability to execute against that vision through both products and services. They have demonstrated solid business results in the form of revenue and earnings.
Some of the key players profiled in the report are Honda Motor Company (Japan), KTM (Austria), Suzuki (Japan), Bayerische Motoren Werke AG (Germany), Energica Motor Company (Italy), Yamaha Motors (Japan), Harley-Davidson, Inc. (United States), Govecs Group (Germany), Askoll (Italy), Vmoto Limited (Australia), Piaggio Group (Italy), Terra Motors Corp (Japan) and Okinawa Electric Power (Japan). Additionally, following companies can also be profiled that are part of our coverage like Ather Energy (India), PureEV (India) and Ampere Vehicles (Greaves Electric Mobility Pvt Ltd.) (India). Analyst at AMA Research see Japan Vendors to retain maximum share of Global Electric Two Wheeler market by 2027. Considering Market by Power Source, the sub-segment i.e. Fuel Cell will boost the Electric Two Wheeler market. Considering Market by Range (Km), the sub-segment i.e. 30-40 Km will boost the Electric Two Wheeler market. Considering Market by Battery Type, the sub-segment i.e. SLA will boost the Electric Two Wheeler market.
Latest Market Insights:
In April 2020 GOVECS Group had announced the acquisition of LiveCycle. The acquisition not only provides a nationwide service network and enhanced expertise, but it also helps to sustainably support the e-scooter market's significant growth in the private customer segment. The growing demand in conurbations such as Hamburg, Frankfurt, and Cologne can now be addressed, in addition to Munich, Berlin, and Stuttgart.
In January 2022 Hero Electric and Mahindra & Mahindra had announced their strategic partnership to cater the growing demand of EVs in India. As part of the Collaboration Mahindra Group will produce Hero Electric's most popular electric bikes, the Optima and NYX, at their Pitampur plant to cater market demand. The collaborative development efforts will also play a vital role in the development of the platform strategy to assist electrify Peugeot Motorcycles range. In this dynamic, fast-growing global EV market, this is expected to provide significant value to both parties by optimising costs, deadlines, and shared expertise.
What Can be Explored with the Electric Two Wheeler Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Electric Two Wheeler Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Electric Two Wheeler
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Electric Two Wheeler market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Electric Two Wheeler market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture and Capitalist, New entrants/investors, Analysts and Strategic Business Partners, Electric Two Wheeler Suppliers and Distributors, Auto Component Manufacturers, Auto Component Raw material suppliers and End-use industries.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Electric Two Wheeler Market?
The Electric Two Wheeler market is expected to see a CAGR of % during projected year 2021 to 2027.
2. Who are the top performing companies in Electric Two Wheeler Market?
Top performing companies in the Global Electric Two Wheeler market are Honda Motor Company (Japan), KTM (Austria), Suzuki (Japan), Bayerische Motoren Werke AG (Germany), Energica Motor Company (Italy), Yamaha Motors (Japan), Harley-Davidson, Inc. (United States), Govecs Group (Germany), Askoll (Italy), Vmoto Limited (Australia), Piaggio Group (Italy), Terra Motors Corp (Japan) and Okinawa Electric Power (Japan), to name a few.
3. What trending factors would impact Electric Two Wheeler Market growth most?
"Rise in Popularity of Ride-sharing System
" is seen as one of major influencing trends for Electric Two Wheeler Market during projected period 2021-2027.