According to a new report by IMARC Group, the global electric two-wheeler market grew at a CAGR of nearly 10% during 2014-2019. Looking forward, the market is expected to continue its moderate growth during the next five years. Electric two-wheelers include motorcycles, scooters, bicycles, or mopeds that operate on battery-based electronic motors. They are light weight vehicles that consist of removable or replaceable batteries, which can be charged easily with electrical outlets.

Market Trends

The global electric two-wheeler market is primarily driven by the growing awareness among consumers about various economic and ecological benefits of electric vehicles. Electric two-wheelers have gained immense popularity as an eco-friendly alternative to gasoline-powered vehicles for both regular commute and recreational activities. Besides this, the increasing pollution levels from fuel-based automobiles have encouraged the governments of various countries to implement stringent regulatory norms to adopt clean energy as an alternative to crude oil dependence. As a result, there has been a heightened demand for electric two-wheelers, which help reduce greenhouse gas emissions. Furthermore, a significant increase in the fuel rates and depleting fossil fuels resources, like petrol and diesel, have also boosted the sales of electric two-wheelers.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Electric Two-Wheeler Market 2020-2025 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

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.

For more information about this report visit: https://www.imarcgroup.com/electric-two-wheeler-market

The report has segmented the market on the basis of Types, Peak Power, Battery Technology, Motor Placement and Region.

Market Segmentation by Vehicle Type:

• Electric Scooter/Moped

• Electric Motorcycle

Market Segmentation by Battery Type:

• Lithium-Ion

• Sealed Lead Acid (SLA)

Market Segmentation by Voltage Type:

• <48V

• 48-60V

• 61-72V

• 73-96V

• >96V

Market Segmentation by Peak Power:

• <3 kW

• 3-6 kW

• 7-10 kW

• >10 kW

Market Segmentation by Battery Technology:

• Removable

• Non-Removable

Market Segmentation by Motor Placement:

• Hub Type

• Chassis Mounted

Market Segmentation by Region:

• Asia Pacific

• Europe

• North America

• Latin America

• Middle East and Africa

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