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Apr 21, 2023

Global Electric Two

Polaris Market Research conducted a comprehensive research study spanning over

Polaris Market Research conducted a comprehensive research study spanning over [+115] pages, revealing that the global electric two-wheeler market size/share is expected to reach USD 6,505.65 Million in 2022. The study further indicates that the market will grow at a compound annual growth rate (CAGR) of 21.74% and is projected to touch USD 45, 877.71 Million by 2032. The Electric Motorcycle segment is accounted to witness a considerable CAGR in the forecast period. Some of the major players are Yadea Group Holdings Ltd., Silence Urban Ecomobility, NIU International, Segway Inc., Hero Electric Pvt. Ltd., Okinawa Autotech Pvt. Ltd and others.

New York, NY, May 08, 2023 (GLOBE NEWSWIRE) -- Polaris Market Research has published a new research report titled "Electric Two-Wheeler Market Share, Size, Trends, Industry Analysis Report, By Vehicle Type (Electric Motorcycle, Electric Scooter, Electric Kick Scooter, Others), By Motor Placement, By Motor Power, By Battery Type, By Region, Segments & Forecast, 2023 – 2032" in its research database.

"As per the latest research analysis, the global electric two-wheeler market size/share will be valued at roughly USD 6,505.65 Million in 2022, and its revenue is projected to reach about USD 45, 877.71 Million By 2032. The market is forecasted to expand at a compound annual growth rate of approximately 21.74% between 2023 and 2032."

What is the Expected Size & Share of Electric Two-Wheeler Industry? How Big is Electric Two-Wheeler Market?

Overview

Electric two-wheelers are automated vehicles that are homogenous to gasoline-powered scooters or motorcycles, ruling out the fact that they exclusively function on battery power. The rapidly rising demand for the electric two-wheeler market can be attributed to the fact that it provides regulation procurement, and as they have nil local tailpipe discharge and are practically silent that they lessen air and noise pollution.

Technological progressions in the sphere of battery management systems are anticipated to push the demand for electric two-wheeler over the forecast period. Several tax advantages provided by the government and vendors are also another reason that is fuelling the demand for electric two-wheelers.

Request Sample Copy of Electric Two-Wheeler Market Research Report @ https://www.polarismarketresearch.com/industry-analysis/electric-two-wheeler-market/request-for-sample

(The sample of this report is readily available on request. The report sample contains a brief introduction to the research report, a Table of Contents, a Graphical introduction of regional analysis, Top players in the market with their revenue analysis, and our research methodology.)

Our Sample Report Covers:

2032 Updated Report Introduction, Overview, and In-depth industry analysis.

115+ Pages Research Report (Inclusion of Updated Research).

Provide Chapter-wise guidance on Requests.

2023 Updated Regional Analysis with Graphical Representation of Size, Share & Trends

Includes Updated List of tables & figures.

Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis.

Some of the Top Market Players Are:

Yadea Group Holdings Ltd.

Silence Urban Ecomobility

NIU International

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

BMW North America LLC

To Know an Additional List of Key Players, Request Here to Download a Free Report PDF Brochure: https://www.polarismarketresearch.com/industry-analysis/electric-two-wheeler-market/request-for-sample

Key Growth Driving Factors

Compact size: Electric bikes are flexible, adaptable, ecological, and fashionable modes of transport. Customers esteem them as a perfect reserve for smart cars, scooters, and public transportation. The electric two-wheeler market size is expanding as these bikes assist handle traffic obstruction due to the compact size of electric two-wheelers, achieve greater speed with minimal effort, and health advantages accomplished with peddling.

Growth in fuel prices: Elements such as administration of government rules to inspire the usage of electric two-wheelers, customer propensity towards usage of e-bikes as an ecological and productive explanation for commuting, growth in fuel prices, and increase in cycling as a robustness and enjoyable venture is anticipated to drive the market growth.

The rising cost of petrol: In several countries, the cost of petrol is extremely explosive and prone to alteration in the worldwide oil market rendering it strenuous for customers to forecast the long-term cost of operating a vehicle that is powered by petrol.

Reducing the price of ownership: As more governments globally establish targets for lessening carbon emissions and escalating the acceptance of electric vehicles, supplementary inducements or grants may be obtainable to customers who select to buy EV two-wheelers. Electric two-wheeler market sales are soaring as these incentives can additionally lessen the price of ownership and render electric two-wheelers more appealing to customers.

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(We customize your report according to your research need. Ask our sales team for report customization.)

Top Report Findings

As more governments globally establish targets for lessening carbon emissions and escalating the acceptance of electric vehicles, supplementary inducements or grants may be obtainable to customers who select to buy EV two-wheelers, thus pushing the market growth.

The market is essentially divided into vehicle type, motor placement, motor power, battery type, and region.

The leading region of the market in Asia Pacific

Top Trends Influencing The Market

Low running prices: One of the prominent benefits of two-wheeler EVs is their low running prices. EVs need minimal maintenance than conventional gasoline-powered vehicles and nil fuel prices, rendering them an alluring alternative for assigned-conscious customers.

Environmental benefits: There are notable ecological benefits. They generate nil tailpipe emissions lessening air contamination and enhancing air quality in urban regions. It can notably impact public health, particularly in regions with escalated levels of air contamination.

Ease of use: Another benefit of EVs is their easy operation. They are generally more compact and lightweight than conventional vehicles rendering them simple to move through traffic-led city streets and park in compressed spaces. It can be particularly advantageous in urban regions where traffic and parking are prominent confrontations.

Segmental Analysis

The electric motorcycle segment is accounted to witness a considerable CAGR

Based on vehicle type, the electric motorcycle segment is accounted to witness a considerable CAGR. Electric two-wheeler market demand is on the rise due to the increasing demand for ecological transit alternatives. As most customers are gaining consciousness, they are focusing on methods to lessen the carbon footprint, and electric motorcycles provide a fabulous option to conventional gasoline-powered bikes.

The Hub motor segment is projected for the speediest growth rate

Based on motor placement, the hub motor segment is projected for the speediest growth rate. Electric two-wheeler market trends include enhanced technology, superior productivity, and intelligible design. Motor technology progressions have rendered hub motors more effective, dependable, and accessible. Current hub motors are frequently more compact and lightweight than their precursors and provide more power and enhanced performance.

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Electric Two-Wheeler Market: Report Scope & Coverage

Report Attribute

Details

Revenue Forecast in 2032

USD 45,877.71 Million

Market size value in 2023

USD 7,812.64 Million

Expected CAGR Growth

21.74% from 2023 - 2032

Base Year

2022

Forecast Year

2023 – 2032

Top Market Players

Yadea Group Holdings Ltd., Silence Urban Ecomobility, NIU International, 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, BMW North America, LLC

Segments Covered

By Vehicle Type, By Motor Placement, By Motor Power, By Battery Type, By Region

Customization Options

Customized purchase options are available to meet any research needs. Explore customized purchase options

Geographic Overview

Asia Pacific: This region held the largest electric two-wheeler market share due to the promotion of charging skeleton in the previous years, along with many government strategies such as FAME II and other motivations that have escalated the production figure of vehicles. Further, the growing air contamination anxieties and enhancement in EV vehicles have attracted customers in this viable mobility alternative.

Browse the Detail Report "Electric Two-Wheeler Market Share, Size, Trends, Industry Analysis Report, By Vehicle Type (Electric Motorcycle, Electric Scooter, Electric Kick Scooter, Others), By Motor Placement, By Motor Power, By Battery Type, By Region, Segments & Forecast, 2023 – 2032" with in-depth TOC: https://www.polarismarketresearch.com/industry-analysis/electric-two-wheeler-market

For Additional Information OR Media Enquiry, Please Mail At: [email protected]

Recent Developments

January 2023: Hero Electric has partnered with Maxwell Energy Systems, which will supply more than ten lakh units of battery management systems (BMS) for the next three years. The partnership will enable the company to reduce import dependency and support the Make in India mission.

December 2022: Yadea Group Holdings Ltd. has announced its national dealership promotion plan as part of its goals for worldwide expansion and recruited regional agents and distributors in the United States.

Frequently Asked Questions

Who are the key companies in the market?

What is the CAGR estimated to be calculated for the market?

What are the key segments covered?

What are the key driving factors in the market?

What will be the market value estimated by the end of the forecast year?

What are the upcoming trends in the market?

Which region is and will provide more business opportunities in the market?

Polaris Market Research has segmented the electric two-wheeler market report based on vehicle type, motor placement, motor power, battery type and region:

By Vehicle Type Outlook

Electric Motorcycle

Electric Scooter

Electric Kick Scooter

Others

By Motor Placement Outlook

Hub Motor

Frame-mounted Motor

By Motor Power Outlook

48V

60V

72V

Others

By Battery Type Outlook

Lithium-Ion

Lead-acid

Lithium iron phosphate

Others

By Region Outlook

North America (U.S, Canada, Mexico)

Asia-pacific (China, Japan, India, Australia, Rest of Asia- pacific)

Europe (Germany, UK, France, Spain, Italy, Rest of Europe)

LAMEA (Latin America, Middle East & Africa)

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About Polaris Market Research:

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.

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