Electric Two-Wheeler Market is set to grow at a CAGR of 15.72% from 2022 to 2027: An increase in demand for electric two-wheelers to be a major driver - Technavio

NEW YORK, June 30, 2023 /PRNewswire/ -- The electric two-wheeler market size is estimated to grow by USD 36,605.79 million from 2022 to 2027. The market is estimated to progress at a CAGR of 15.72% according to Technavio. Download a Sample Report Now!

Electric two-wheeler market Insights -

• Vendors: 15+, Including Aima Technology Group Co. Ltd., ANI Technologies Pvt. Ltd., Ather Energy Pvt. Ltd., Bayerische Motoren Werke AG, Bounce Infinity, Cake 0 Emission AB, Damon Motors Inc., Energica Motor Company Spa, Gogoro Inc., GOVECS AG, Hero Electric Vehicles Pvt. Ltd, Jiangsu Xinri E Vehicle Co. Ltd., Mahindra and Mahindra Ltd., Piaggio and C. Spa, Terra Motors Corp., VinFast LLC, Vmoto Ltd., Yadea Group Holdings Ltd, Zero Motorcycles Inc., Harley Davidson Inc., Hero MotoCorp Ltd., Honda Motor Co. Ltd., Okinawa Autotech Internationall Pvt. Ltd., and Yulu Bikes Pvt. Ltd., among others
• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
• Segments: Battery Type (Lithium- ion battery, Sealed-lead acid battery, and Others), Vehicle Type (E-scooter and E-bike), and Geography (APAC, Europe, North America, South America, and Middle East and Africa)

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Electric two-wheeler market - Vendor Insights

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including Aima Technology Group Co. Ltd., ANI Technologies Pvt. Ltd., Ather Energy Pvt. Ltd., Bayerische Motoren Werke AG, Bounce Infinity, Cake 0 Emission AB, Damon Motors Inc., Energica Motor Company Spa, Gogoro Inc., GOVECS AG, Hero Electric Vehicles Pvt. Ltd, Jiangsu Xinri E Vehicle Co. Ltd., Mahindra and Mahindra Ltd., Piaggio and C. Spa, Terra Motors Corp., VinFast LLC, Vmoto Ltd., Yadea Group Holdings Ltd, Zero Motorcycles Inc., Harley Davidson Inc., Hero MotoCorp Ltd., Honda Motor Co. Ltd., Okinawa Autotech Internationall Pvt. Ltd., and Yulu Bikes Pvt. Ltd.

Electric two-wheeler market – Market Dynamics

Major Drivers -

An increase in demand for electric two-wheelers drives the growth of the market during the forecast period. These days, people are more aware of the environmental condition and the impact of their actions on it. As a result of this realization, they are switching to eco-friendly alternatives such as electric two-wheelers.

Their low running costs, in contrast to gasoline vehicles, drive the demand for electric motorcycles. This is because they do not need to buy fuel, which can be expensive in the long run. Instead of fuel, they are powered by a battery that can be recharged with electricity from a socket. As a result, the operating costs of electric motorcycles are significantly lower than those of gasoline motorcycles. Hence, such factors drive the demand for the electric two-wheeler market during the forecast period.

Significant Trends -

The use of the Internet of Things and smart infrastructure in electric two-wheeler charging stations for load management is an emerging market trend. Load management is important since many e-bikes charge their batteries at the same time, which increases the load on the charging station infrastructure. Using advanced technologies like IoT and intelligent infrastructure, these stations can effectively handle load management. Thus, these can be deployed to address these and many other challenges.

For instance, some cities such as Amsterdam and Barcelona already have smart charging systems in which charging stations are connected to a central control system. These systems can be monitored and managed remotely, which allows stations to operate more efficiently, provide real-time data on energy consumption, and enable peak load management. Hence, such trends are expected to boost the growth of the market during the forecast period.  

Key challenges -

The high cost of electric two-wheelers challenges the growth of the market during the forecast period. Electric two-wheelers are the future of personal mobility. This is because they reduce pollution and have the potential to reduce our dependence on fossil fuels. But their high cost limits their accessibility for most people. 

The initial cost of ownership of an electric scooter may seem low. However, it is important to note that the replacement cost of the lithium-ion battery, which makes up the majority of the cost of an electric scooter. The replacement ranges from USD 275 to USD 345. On the other hand, gas-powered scooters like the Honda Activa 6G made by Honda Motor Co., Ltd. (Honda) are made for around USD 920. Also, the cost of a petrol scooter engine is negligible. Hence, such factors impede market growth during the forecast period.

Drivers, Trends and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

The electric two-wheeler market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

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What are the key data covered in this electric two-wheeler market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the electric two-wheeler market between 2023 and 2027
• Precise estimation of the size of the electric two-wheeler market and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the electric two-wheeler market across APAC, Europe, North America, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of electric two-wheeler market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Battery Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Vehicle Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global electric two-wheeler market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on global electric two-wheeler market 2017 - 2021 ($ million)

• 4.2 Battery Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Battery Type Segment 2017 - 2021 ($ million)

• 4.3 Vehicle Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Vehicle Type Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Battery Type

• 6.1 Market segments
• Exhibit 30: Chart on Battery Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Battery Type - Market share 2022-2027 (%)

• 6.2 Comparison by Battery Type 
• Exhibit 32: Chart on Comparison by Battery Type
• Exhibit 33: Data Table on Comparison by Battery Type

• 6.3 Lithium- ion battery - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Lithium- ion battery - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Lithium- ion battery - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Lithium- ion battery - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Lithium- ion battery - Year-over-year growth 2022-2027 (%)

• 6.4 Sealed-lead acid battery - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Sealed-lead acid battery - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Sealed-lead acid battery - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Sealed-lead acid battery - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Sealed-lead acid battery - Year-over-year growth 2022-2027 (%)

• 6.5 Others - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Battery Type 
• Exhibit 46: Market opportunity by Battery Type ($ million)
• Exhibit 47: Data Table on Market opportunity by Battery Type ($ million)

7 Market Segmentation by Vehicle Type

• 7.1 Market segments
• Exhibit 48: Chart on Vehicle Type - Market share 2022-2027 (%)
• Exhibit 49: Data Table on Vehicle Type - Market share 2022-2027 (%)

• 7.2 Comparison by Vehicle Type 
• Exhibit 50: Chart on Comparison by Vehicle Type
• Exhibit 51: Data Table on Comparison by Vehicle Type

• 7.3 E-scooter - Market size and forecast 2022-2027 
• Exhibit 52: Chart on E-scooter - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on E-scooter - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on E-scooter - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on E-scooter - Year-over-year growth 2022-2027 (%)

• 7.4 E-bike - Market size and forecast 2022-2027 
• Exhibit 56: Chart on E-bike - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on E-bike - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on E-bike - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on E-bike - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Vehicle Type 
• Exhibit 60: Market opportunity by Vehicle Type ($ million)
• Exhibit 61: Data Table on Market opportunity by Vehicle Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 63: Chart on Market share by geography 2022-2027 (%)
• Exhibit 64: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 65: Chart on Geographic comparison
• Exhibit 66: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027 
• Exhibit 67: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 North America - Market size and forecast 2022-2027 
• Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027 
• Exhibit 87: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 India - Market size and forecast 2022-2027 
• Exhibit 91: Chart on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.10 Japan - Market size and forecast 2022-2027 
• Exhibit 95: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.11 US - Market size and forecast 2022-2027 
• Exhibit 99: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.12 UK - Market size and forecast 2022-2027 
• Exhibit 103: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 107: Market opportunity by geography ($ million)
• Exhibit 108: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 109: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 110: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 111: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 112: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 113: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 114: Matrix on vendor position and classification

• 12.3 Aima Technology Group Co. Ltd. 
• Exhibit 115: Aima Technology Group Co. Ltd. - Overview
• Exhibit 116: Aima Technology Group Co. Ltd. - Product / Service
• Exhibit 117: Aima Technology Group Co. Ltd. - Key offerings

• 12.4 ANI Technologies Pvt. Ltd. 
• Exhibit 118: ANI Technologies Pvt. Ltd. - Overview
• Exhibit 119: ANI Technologies Pvt. Ltd. - Product / Service
• Exhibit 120: ANI Technologies Pvt. Ltd. - Key offerings

• 12.5 Ather Energy Pvt. Ltd. 
• Exhibit 121: Ather Energy Pvt. Ltd. - Overview
• Exhibit 122: Ather Energy Pvt. Ltd. - Product / Service
• Exhibit 123: Ather Energy Pvt. Ltd. - Key offerings

• 12.6 Bayerische Motoren Werke AG 
• Exhibit 124: Bayerische Motoren Werke AG - Overview
• Exhibit 125: Bayerische Motoren Werke AG - Business segments
• Exhibit 126: Bayerische Motoren Werke AG - Key news
• Exhibit 127: Bayerische Motoren Werke AG - Key offerings
• Exhibit 128: Bayerische Motoren Werke AG - Segment focus

• 12.7 Energica Motor Company Spa 
• Exhibit 129: Energica Motor Company Spa - Overview
• Exhibit 130: Energica Motor Company Spa - Product / Service
• Exhibit 131: Energica Motor Company Spa - Key news
• Exhibit 132: Energica Motor Company Spa - Key offerings

• 12.8 Gogoro Inc.
• Exhibit 133: Gogoro Inc. - Overview
• Exhibit 134: Gogoro Inc. - Product / Service
• Exhibit 135: Gogoro Inc. - Key offerings

• 12.9 GOVECS AG
• Exhibit 136: GOVECS AG - Overview
• Exhibit 137: GOVECS AG - Product / Service
• Exhibit 138: GOVECS AG - Key offerings

• 12.10 Hero Electric Vehicles Pvt. Ltd 
• Exhibit 139: Hero Electric Vehicles Pvt. Ltd - Overview
• Exhibit 140: Hero Electric Vehicles Pvt. Ltd - Business segments
• Exhibit 141: Hero Electric Vehicles Pvt. Ltd - Key offerings
• Exhibit 142: Hero Electric Vehicles Pvt. Ltd - Segment focus

• 12.11 Jiangsu Xinri E Vehicle Co. Ltd. 
• Exhibit 143: Jiangsu Xinri E Vehicle Co. Ltd. - Overview
• Exhibit 144: Jiangsu Xinri E Vehicle Co. Ltd. - Product / Service
• Exhibit 145: Jiangsu Xinri E Vehicle Co. Ltd. - Key offerings

• 12.12 Mahindra and Mahindra Ltd. 
• Exhibit 146: Mahindra and Mahindra Ltd. - Overview
• Exhibit 147: Mahindra and Mahindra Ltd. - Business segments
• Exhibit 148: Mahindra and Mahindra Ltd. - Key news
• Exhibit 149: Mahindra and Mahindra Ltd. - Key offerings
• Exhibit 150: Mahindra and Mahindra Ltd. - Segment focus

• 12.13 Piaggio and C. Spa
• Exhibit 151: Piaggio and C. Spa - Overview
• Exhibit 152: Piaggio and C. Spa - Business segments
• Exhibit 153: Piaggio and C. Spa - Key offerings
• Exhibit 154: Piaggio and C. Spa - Segment focus

• 12.14 Terra Motors Corp.
• Exhibit 155: Terra Motors Corp. - Overview
• Exhibit 156: Terra Motors Corp. - Product / Service
• Exhibit 157: Terra Motors Corp. - Key offerings

• 12.15 Vmoto Ltd.
• Exhibit 158: Vmoto Ltd. - Overview
• Exhibit 159: Vmoto Ltd. - Business segments
• Exhibit 160: Vmoto Ltd. - Key offerings
• Exhibit 161: Vmoto Ltd. - Segment focus

• 12.16 Yadea Group Holdings Ltd 
• Exhibit 162: Yadea Group Holdings Ltd - Overview
• Exhibit 163: Yadea Group Holdings Ltd - Product / Service
• Exhibit 164: Yadea Group Holdings Ltd - Key offerings

• 12.17 Zero Motorcycles Inc. 
• Exhibit 165: Zero Motorcycles Inc. - Overview
• Exhibit 166: Zero Motorcycles Inc. - Product / Service
• Exhibit 167: Zero Motorcycles Inc. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 168: Inclusions checklist
• Exhibit 169: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 170: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 171: Research methodology
• Exhibit 172: Validation techniques employed for market sizing
• Exhibit 173: Information sources

• 13.5 List of abbreviations 
• Exhibit 174: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research
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Email: [email protected]
Website: www.technavio.com

SOURCE Technavio

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