Global Electric Two Wheeler Market Outlook for 2023-28
Markntel Advisors has conducted a comprehensive study on the Global Electric Two Wheeler Market is projected to grow at a CAGR of around 25.57% during the forecast period, i.e., 2023-28. The market growth imputes to the rising concern among the governments of countries across Southeast Asia, North America, Europe, the Middle East, and South America to lower the CO2 emission from the automotive industry & lead towards a sustainable future. Additionally, the ease of access to subsidies launched by the government of various countries such as Scotland, Germany, India, and Indonesia, among others, widely catered to the demand for these vehicles across the globe.
In addition, the Global Electric Two Wheeler Market Study highlights the impact of domestic and localized market players, emerging revenue opportunities, strategic market growth analysis, product approvals, product launches, geographic expansions, and technological innovations. The objective of the report is to provide a detailed understanding of the industry, including its features, factors, and elements, along with insights into the regulatory scenario & regional dynamics that may impact market growth.
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Global Electric Two Wheeler Market Key Trend:
Growing Expansion of Battery Swapping Stations to Drive the Demand for Electric Two-wheelers - The battery swapping stations are the major component of the industry, allowing drivers to manage vehicle downtime through quick changes. As governments across various countries are accelerating the shift towards EVs, including electric two-wheelers, the consistent deployment of battery-swapping stations by transport ministries is on the rise across the globe. For instance:
- In 2022, Leoparda Electric announced an investment of over USD8.5 million to offer an exclusive range of electric two-wheeler & built a battery swapping station in Latin America.
Global Electric Two Wheeler Industry Breakdown: Key Revenue Generating Segments
To facilitate focused analysis, the Electric Two Wheeler Market has been divided into different segments, providing shareholders with the opportunity to identify their areas of interest and the most profitable opportunities within the market. By incorporating technical trends, comprehensive analysis of the downstream & upstream value chain, as well as Porter's five forces analysis, we have diligently forecasted the industry landscape for specific regions/countries, presenting critical pointers for informed decision-making. The segments are as follows:
-By VehicleType
-Scooter/Moped
-Motorcycle
-By Application
-Personal Use
-Commercial Use
-By Drive Type
-Off road
-Urban
-By Travel Range
-Up to 100 Km
-101 to 150 Km
-More than 150
- By Battery Type
-Lead Acid
-Lithium Ion
-By Battery Capacity
-< 2 kWh
-2-2.5 kWh
-> 2.5 kWh
-By Tire Size
-3.50 x 17
-90/90-12
-5.5 x 17
-120/70 ZR17
-100/70-17
-90/90-14
-3.00-10
-110/70-12
-90/90-10
-110/80-14
-3.50-10
-120/70-12
-Others
-By Region
-North America
-Latin America
-Europe
-The Middle East & Africa
-Asia Pacific
Each sections offer valuable insights into the Electric Two Wheeler Market. The report includes essential pillars of the industry study, such as drivers, restraints, opportunities, and challenges. The report also provides information on industry overview, specifications, definitions, suppliers, R&D status, cost structure analysis, sources, and technological advancements, potential for improvement, applications, among others.
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Competitive Analysis of the Global Electric Two Wheeler Industry
-Hero Electric Vehicles Private Limited
-Okinawa Autotech International Private Limited
-Energica Motor Company S.P.A.
-AIMA Technology Group Co. Ltd.
-Yadea Technology Group Co., Ltd
-Terra Motors Corporation
-Zero Motorcycles Inc.
-Honda Motor Co., Ltd.
-Dongguan Tailing Electric Vehicle Co., Ltd.
-Silence Urban Ecomobility
-emcoelectroroller GmbH
-Vmoto Limited
-Jiangsu Xinri E-Vehicle Co.,Ltd
-GOVECS AG
-Others
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Global Electric Two Wheeler Market Research Report Answers the Following Key Questions
- How big is the Global Electric Two Wheeler Market?
- What is the projected growth rate or CAGR of the Global Electric Two Wheeler Market during 2023-28?
- What are the key trends or growth opportunities for the key players in the Global Electric Two Wheeler Market?
- Which ‘segment’ seems promising for companies operating in the Global Electric Two Wheeler Market?
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