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Press Release:

Global Electric Two-Wheeler Market to Grow at 13.18% During 2023-2028, Spurred by Rising Demand for Eco-Friendly Automobiles

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Electric Two-Wheeler Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview 2023-2028:

The global electric two-wheeler market size reached US$ 35.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 72.5 Billion by 2028, exhibiting a growth rate (CAGR) of 13.18% during 2023-2028.

Electric two-wheelers are lightweight and self-operating automobiles, which are powered by an integrated electric motor or a rechargeable battery. They are portable, versatile, durable, cost-effective, fuel-efficient, and an eco-friendly alternative to other modes of transportation. Nowadays, compact versions of electric two-wheelers are gaining immense traction worldwide as they enable users to avoid traffic jams and commute short distances at higher speeds.

 

 
 

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Electric Two-Wheeler Market Trends: 

The escalating demand for fuel-efficient and cost-effective commute options, coupled with the growing environmental concerns about increasing pollution levels, represents one of the key factors positively influencing the sales of electric two-wheelers around the world. In line with this, rising awareness among individuals about the harmful greenhouse gas (GHG) emissions from gas and fuel-operated automobiles, in confluence with the surging rates of petrol and diesel, are contributing to the market growth. Apart from this, as electric two-wheelers can be powered via unconventional power sources, such as solar panels, various initiatives undertaken by governments of several countries to promote the use of electric vehicles (EVs) through tax rebates and subsidies are bolstering the market growth. This can also be attributed to the increasing installation of EV charging stations at several commercial places, such as shopping malls and educational institutes. Besides this, the rising adoption of electric two-wheelers by logistics companies to provide quick and convenient postal and delivery services, along with the thriving e-commerce industry, is anticipated to offer lucrative growth opportunities to key industry players.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global electric two-wheeler market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on vehicle type, battery type, voltage type, peak power, battery technology and motor placement.

Breakup by Vehicle Type:

 

 
 

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  • Electric Scooter/Moped
  • Electric Motorcycle
     

Breakup by Battery Type:

  • Lithium-Ion
  • Sealed Lead Acid (SLA)
     

Breakup by Voltage Type:

  • <48V
  • 48-60V
  • 61-72V
  • 73-96V
  • >96V
     

Breakup by Peak Power:

  • <3 kW
  • 3-6 kW
  • 7-10 kW
  • >10 kW
     

Breakup by Battery Technology:

  • Removable
  • Non-Removable
     

Breakup by Motor Placement:

  • Hub Type
  • Chassis Mounted
     

Breakup by Region:

 

 
 

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  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Netherlands
    • Norway
    • Others
  • North America
    • United States
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
    • Turkey
    • Saudi Arabia
    • Egypt
    • Others

 

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being AIMA Technology Co. Ltd., Ampere Vehicles Pvt. Ltd., BMW AG, Energica Motor Company S.p.A., GOVECS AG, Hero Electric Vehicles Pvt. Ltd., Mahindra GenZe, Terra Motors Corporation, Vmoto Limited, Yadea Technology Group Co. Ltd., and Zero Motorcycles, Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Vehicle Type, Battery Type, Voltage Type, Peak Power, Battery Technology, Motor Placement, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Netherlands, Norway, China, Japan, India, South Korea, Australia, Brazil, Mexico,Turkey, Saudi Arabia, Egypt
Companies Covered AIMA Technology Co. Ltd., Ampere Vehicles Pvt. Ltd., BMW AG, Energica Motor Company S.p.A., GOVECS AG, Hero Electric Vehicles Pvt. Ltd., Mahindra GenZe, Terra Motors Corporation, Vmoto Limited, Yadea Technology Group Co. Ltd., and Zero Motorcycles, Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology 
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Global Electric Two-Wheeler Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Vehicle Type
    6.1    Electric Scooter/Moped
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Electric Motorcycle
        6.2.1 Market Trends
        6.2.2 Market Forecast
7   Market Breakup by Battery Type 
    7.1    Lithium-Ion
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Sealed Lead Acid (SLA)
        7.2.1 Market Trends
        7.2.2 Market Forecast
8   Market Breakup by Voltage Type
    8.1    <48V
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    48-60V
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    61-72V
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    73-96V
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    >96V
        8.5.1 Market Trends
        8.5.2 Market Forecast
9   Market Breakup by Peak Power
    9.1    <3 kW
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    3-6 kW
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    7-10 kW
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    >10 kW
        9.4.1 Market Trends
        9.4.2 Market Forecast
10  Market Breakup by Battery Technology
    10.1    Removable 
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    Non-Removable
        10.2.1 Market Trends
        10.2.2 Market Forecast
11  Market Breakup by Motor Placement
    11.1    Hub Type   
        11.1.1 Market Trends
        11.1.2 Market Forecast
    11.2   Chassis Mounted 
        11.2.1 Market Trends
        11.2.2 Market Forecast
12  Market Breakup by Region
    12.1    Asia Pacific
        12.1.1 China
           12.1.1.1 Market Trends
           12.1.1.2 Market Forecast
        12.1.2 Japan
           12.1.2.1 Market Trends
           12.1.2.2 Market Forecast
        12.1.3 India
           12.1.3.1 Market Trends
           12.1.3.2 Market Forecast
        12.1.4 South Korea
           12.1.4.1 Market Trends
           12.1.4.2 Market Forecast
        12.1.5 Australia
           12.1.5.1 Market Trends
           12.1.5.2 Market Forecast
        12.1.6 Others
           12.1.6.1 Market Trends
           12.1.6.2 Market Forecast 
    12.2    Europe
        12.2.1 Germany
           12.2.1.1 Market Trends
           12.2.1.2 Market Forecast
        12.2.2 France
           12.2.2.1 Market Trends
           12.2.2.2 Market Forecast
        12.2.3 United Kingdom
           12.2.3.1 Market Trends
           12.2.3.2 Market Forecast
        12.2.4 Italy
           12.2.4.1 Market Trends
           12.2.4.2 Market Forecast
        12.2.5 Netherlands
           12.2.5.1 Market Trends
           12.2.5.2 Market Forecast
        12.2.6 Norway
           12.2.6.1 Market Trends
           12.2.6.2 Market Forecast
        12.2.7 Others
           12.2.7.1 Market Trends
           12.2.7.2 Market Forecast
    12.3    North America
        12.3.1 United States
           12.3.1.1 Market Trends
           12.3.1.2 Market Forecast
        12.3.2 Canada
           12.3.2.1 Market Trends
           12.3.2.2 Market Forecast
    12.4    Latin America
        12.4.1 Brazil
           12.4.1.1 Market Trends
           12.4.1.2 Market Forecast
        12.4.2 Mexico
           12.4.2.1 Market Trends
           12.4.2.2 Market Forecast
        12.4.3 Others
           12.4.3.1 Market Trends
           12.4.3.2 Market Forecast
    12.5    Middle East and Africa
        12.5.1 Turkey
           12.5.1.1 Market Trends
           12.5.1.2 Market Forecast
        12.5.2 Saudi Arabia
           12.5.2.1 Market Trends
           12.5.2.2 Market Forecast
        12.5.3 Egypt
           12.5.3.1 Market Trends
           12.5.3.2 Market Forecast
        12.5.4 Others
           12.5.4.1 Market Trends
           12.5.4.2 Market Forecast
13  SWOT Analysis
    13.1    Overview
    13.2    Strengths
    13.3    Weaknesses
    13.4    Opportunities
    13.5    Threats
14  Value Chain Analysis
15  Porters Five Forces Analysis
    15.1    Overview
    15.2    Bargaining Power of Buyers
    15.3    Bargaining Power of Suppliers
    15.4    Degree of Competition
    15.5    Threat of New Entrants
    15.6    Threat of Substitutes
16  Competitive Landscape
    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players
        16.3.1    AIMA Technology Co. Ltd.
           16.3.1.1 Company Overview
           16.3.1.2 Product Portfolio 
           16.3.1.3 SWOT Analysis
        16.3.2    Ampere Vehicles Pvt. Ltd.
           16.3.2.1 Company Overview
           16.3.2.2 Product Portfolio 
           16.3.2.3 SWOT Analysis
        16.3.3    BMW AG
           16.3.3.1 Company Overview
           16.3.3.2 Product Portfolio 
           16.3.3.3 Financials
           16.3.3.4 SWOT Analysis
        16.3.4    Energica Motor Company S.p.A.
           16.3.4.1 Company Overview
           16.3.4.2 Product Portfolio 
           16.3.4.3 Financials
           16.3.4.4 SWOT Analysis
        16.3.5    GOVECS AG
           16.3.5.1 Company Overview
           16.3.5.2 Product Portfolio 
           16.3.5.3 Financials
           16.3.5.4 SWOT Analysis
        16.3.6    Hero Electric Vehicles Pvt. Ltd.
           16.3.6.1 Company Overview
           16.3.6.2 Product Portfolio 
           16.3.6.3 Financials
           16.3.6.4 SWOT Analysis
        16.3.7    Mahindra GenZe
           16.3.7.1 Company Overview
           16.3.7.2 Product Portfolio 
           16.3.7.3 Financials
           16.3.7.4 SWOT Analysis
        16.3.8    Terra Motors Corporation
           16.3.8.1 Company Overview
           16.3.8.2 Product Portfolio 
           16.3.8.3 SWOT Analysis
        16.3.9    Vmoto Limited
           16.3.9.1 Company Overview
           16.3.9.2 Product Portfolio 
           16.3.9.3 Financials
           16.3.9.4 SWOT Analysis
        16.3.10    Yadea Technology Group Co. Ltd.
           16.3.10.1 Company Overview
           16.3.10.2 Product Portfolio 
           16.3.10.3 Financials
           16.3.10.4 SWOT Analysis
        16.3.11    Zero Motorcycles, Inc.
           16.3.11.1 Company Overview
           16.3.11.2 Product Portfolio 
           16.3.11.3 Financials
           16.3.11.4 SWOT Analysis
 
List of Figures

Figure 1: Global: Electric Two-Wheeler Market: Major Drivers and Challenges
Figure 2: Global: Electric Two-Wheeler Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Electric Two-Wheeler Market: Breakup by Vehicle Type (in %), 2022
Figure 4: Global: Electric Two-Wheeler Market: Breakup by Battery Type (in %), 2022
Figure 5: Global: Electric Two-Wheeler Market: Breakup by Voltage Type (in %), 2022
Figure 6: Global: Electric Two-Wheeler Market: Breakup by Peak Power (in %), 2022
Figure 7: Global: Electric Two-Wheeler Market: Breakup by Battery Technology (in %), 2022
Figure 8: Global: Electric Two-Wheeler Market: Breakup by Motor Placement (in %), 2022
Figure 9: Global: Electric Two-Wheeler Market: Breakup by Region (in %), 2022
Figure 10: Global: Electric Two-Wheeler Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 11: Global: Electric Two-Wheeler (Electric Scooter/Moped) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 12: Global: Electric Two-Wheeler (Electric Scooter/Moped) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 13: Global: Electric Two-Wheeler (Electric Motorcycle) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 14: Global: Electric Two-Wheeler (Electric Motorcycle) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 15: Global: Electric Two-Wheeler (Lithium-Ion) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 16: Global: Electric Two-Wheeler (Lithium-Ion) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 17: Global: Electric Two-Wheeler (Sealed Lead Acid) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 18: Global: Electric Two-Wheeler (Sealed Lead Acid) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 19: Global: Electric Two-Wheeler (<48V) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 20: Global: Electric Two-Wheeler (<48V) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 21: Global: Electric Two-Wheeler (48-60V) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 22: Global: Electric Two-Wheeler (48-60V) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 23: Global: Electric Two-Wheeler (61-72V) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 24: Global: Electric Two-Wheeler (61-72V) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 25: Global: Electric Two-Wheeler (73-96V) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 26: Global: Electric Two-Wheeler (73-96V) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 27: Global: Electric Two-Wheeler (>96V) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 28: Global: Electric Two-Wheeler (>96V) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 29: Global: Electric Two-Wheeler (<3 kW) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 30: Global: Electric Two-Wheeler (<3 kW) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 31: Global: Electric Two-Wheeler (3-6 kW) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 32: Global: Electric Two-Wheeler (3-6 kW) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 33: Global: Electric Two-Wheeler (7-10 kW) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 34: Global: Electric Two-Wheeler (7-10 kW) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 35: Global: Electric Two-Wheeler (>10 kW) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 36: Global: Electric Two-Wheeler (>10 kW) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 37: Global: Electric Two-Wheeler (Removable) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 38: Global: Electric Two-Wheeler (Removable) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 39: Global: Electric Two-Wheeler (Non-removable) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 40: Global: Electric Two-Wheeler (Non-removable) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 41: Global: Electric Two-Wheeler (Hub Type) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 42: Global: Electric Two-Wheeler (Hub Type) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 43: Global: Electric Two-Wheeler (Chassis Mounted) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 44: Global: Electric Two-Wheeler (Chassis Mounted) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 45: Asia Pacific: Electric Two-Wheeler Market: Sales Value (in Billion US$), 2017 & 2022
Figure 46: China: Electric Two-Wheeler Market: Sales Value (in Billion US$), 2017 & 2022
Figure 47: China: Electric Two-Wheeler Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 48: Japan: Electric Two-Wheeler Market: Sales Value (in Billion US$), 2017 & 2022
Figure 49: Japan: Electric Two-Wheeler Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 50: India: Electric Two-Wheeler Market: Sales Value (in Billion US$), 2017 & 2022
Figure 51: India: Electric Two-Wheeler Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 52: South Korea: Electric Two-Wheeler Market: Sales Value (in Billion US$), 2017 & 2022
Figure 53: South Korea: Electric Two-Wheeler Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 54: Australia: Electric Two-Wheeler Market: Sales Value (in Billion US$), 2017 & 2022
Figure 55: Australia: Electric Two-Wheeler Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 56: Others: Electric Two-Wheeler Market: Sales Value (in Billion US$), 2017 & 2022
Figure 57: Others: Electric Two-Wheeler Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 58: Asia Pacific: Electric Two-Wheeler Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 59: Europe: Electric Two-Wheeler Market: Sales Value (in Billion US$), 2017 & 2022
Figure 60: Germany: Electric Two-Wheeler Market: Sales Value (in Billion US$), 2017 & 2022
Figure 61: Germany: Electric Two-Wheeler Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 62: France: Electric Two-Wheeler Market: Sales Value (in Billion US$), 2017 & 2022
Figure 63: France: Electric Two-Wheeler Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 64: United Kingdom: Electric Two-Wheeler Market: Sales Value (in Billion US$), 2017 & 2022
Figure 65: United Kingdom: Electric Two-Wheeler Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 66: Italy: Electric Two-Wheeler Market: Sales Value (in Billion US$), 2017 & 2022
Figure 67: Italy: Electric Two-Wheeler Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 68: Netherlands: Electric Two-Wheeler Market: Sales Value (in Billion US$), 2017 & 2022
Figure 69: Netherlands: Electric Two-Wheeler Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 70: Norway: Electric Two-Wheeler Market: Sales Value (in Billion US$), 2017 & 2022
Figure 71: Norway: Electric Two-Wheeler Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 72: Others: Electric Two-Wheeler Market: Sales Value (in Billion US$), 2017 & 2022
Figure 73: Others: Electric Two-Wheeler Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 74: Europe: Electric Two-Wheeler Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 75: North America: Electric Two-Wheeler Market: Sales Value (in Billion US$), 2017 & 2022
Figure 76: United States: Electric Two-Wheeler Market: Sales Value (in Billion US$), 2017 & 2022
Figure 77: United States: Electric Two-Wheeler Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 78: Canada: Electric Two-Wheeler Market: Sales Value (in Billion US$), 2017 & 2022
Figure 79: Canada: Electric Two-Wheeler Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 80: North America: Electric Two-Wheeler Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 81: Latin America: Electric Two-Wheeler Market: Sales Value (in Billion US$), 2017 & 2022
Figure 82: Brazil: Electric Two-Wheeler Market: Sales Value (in Billion US$), 2017 & 2022
Figure 83: Brazil: Electric Two-Wheeler Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 84: Mexico: Electric Two-Wheeler Market: Sales Value (in Billion US$), 2017 & 2022
Figure 85: Mexico: Electric Two-Wheeler Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 86: Others: Electric Two-Wheeler Market: Sales Value (in Billion US$), 2017 & 2022
Figure 87: Others: Electric Two-Wheeler Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 88: Latin America: Electric Two-Wheeler Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 89: Middle East and Africa: Electric Two-Wheeler Market: Sales Value (in Billion US$), 2017 & 2022
Figure 90: Turkey: Electric Two-Wheeler Market: Sales Value (in Billion US$), 2017 & 2022
Figure 91: Turkey: Electric Two-Wheeler Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 92: Saudi Arabia: Electric Two-Wheeler Market: Sales Value (in Billion US$), 2017 & 2022
Figure 93: Saudi Arabia: Electric Two-Wheeler Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 94: Egypt: Electric Two-Wheeler Market: Sales Value (in Billion US$), 2017 & 2022
Figure 95: Egypt: Electric Two-Wheeler Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 96: Others: Electric Two-Wheeler Market: Sales Value (in Billion US$), 2017 & 2022
Figure 97: Others: Electric Two-Wheeler Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 98: Middle East and Africa: Electric Two-Wheeler Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 99: Global: Electric Two-Wheeler Industry: SWOT Analysis
Figure 100: Global: Electric Two-Wheeler Industry: Value Chain Analysis
Figure 101: Global: Electric Two-Wheeler Industry: Porter’s Five Forces Analysis
 
List of Tables

Table 1: Global: Electric Two-Wheeler Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Electric Two-Wheeler Market Forecast: Breakup by Vehicle Type (in Billion US$), 2023-2028
Table 3: Global: Electric Two-Wheeler Market Forecast: Breakup by Battery Type (in Billion US$), 2023-2028
Table 4: Global: Electric Two-Wheeler Market Forecast: Breakup by Voltage Type (in Billion US$), 2023-2028
Table 5: Global: Electric Two-Wheeler Market Forecast: Breakup by Peak Power (in Billion US$), 2023-2028
Table 6: Global: Electric Two-Wheeler Market Forecast: Breakup by Battery Technology (in Billion US$), 2023-2028
Table 7: Global: Electric Two-Wheeler Market Forecast: Breakup by Motor Placement (in Billion US$), 2023-2028
Table 8: Global: Electric Two-Wheeler Market Forecast: Breakup by Region (in Billion US$), 2023-2028
Table 9: Global: Electric Two-Wheeler Market: Competitive Structure
Table 10: Global: Electric Two-Wheeler Market: Key Players


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Key Questions Answered in This Report

The global electric two-wheeler market was valued at US$ 35.3 Billion in 2022.

The growing environmental concerns towards rising pollution level, along with increasing demand for fuel-efficient and cost-effective commute options, such as electric two-wheeler for short distances at higher speeds, are primarily driving the global electric two-wheeler market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous manufacturing units and demand fluctuations for electric two-wheelers.

Based on the vehicle type, the global electric two-wheeler market has been segmented into electric scooter/moped, and electric motorcycle, where electric scooter/moped currently holds the majority of the total market share.

Based on the battery technology, the global electric two-wheeler market can be divided into removable and non-removable. Currently, non-removable exhibits a clear dominance in the market.

On a regional level, the market has been classified into Asia Pacific, Europe, North America, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market.

Some of the major players in the global electric two-wheeler market include AIMA Technology Co. Ltd., Ampere Vehicles Pvt. Ltd., BMW AG, Energica Motor Company S.p.A., GOVECS AG, Hero Electric Vehicles Pvt. Ltd., Mahindra GenZe, Terra Motors Corporation, Vmoto Limited, Yadea Technology Group Co. Ltd., and Zero Motorcycles, Inc.

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