South Korea Two-wheeled Electric Vehicle Battery Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 3.6 Billion by 2030, growing at a CAGR of 15.1% from 2024 to 2030.
The South Korea Two-wheeled Electric Vehicle Battery Market is experiencing rapid growth, driven by the increasing demand for eco-friendly transportation options. As the government and industries focus on reducing carbon emissions and promoting sustainable technologies, the demand for electric vehicles (EVs) has surged. In particular, two-wheeled electric vehicles (EVs) are gaining popularity due to their affordability, efficiency, and convenience in urban areas. This growth has created significant opportunities for the electric vehicle battery market in South Korea, which is vital for powering these vehicles.
One of the key factors driving the Two-wheeled Electric Vehicle Battery Market is the growing emphasis on green transportation. With the South Korean government's push for zero-emission vehicles and the implementation of policies supporting EV adoption, the market is poised for further expansion. Additionally, the increasing awareness of environmental issues among consumers has led to a shift in preference toward electric two-wheelers, contributing to the higher demand for batteries designed to power these vehicles.
The types of batteries commonly used in two-wheeled electric vehicles include lithium-ion (Li-ion) and lithium iron phosphate (LiFePO4) batteries. These batteries are chosen for their high energy density, long lifespan, and quick charging capabilities. The demand for these batteries is not only driven by the growing adoption of electric two-wheelers but also by advancements in battery technology, which have made these power sources more affordable and reliable. As battery technology continues to evolve, manufacturers are focused on developing lighter, more efficient batteries that can provide longer ranges for two-wheeled EVs.
Industry requirements for the Two-wheeled Electric Vehicle Battery Market are closely tied to the demands of both consumers and manufacturers. On the consumer side, the need for cost-effective, long-lasting, and fast-charging batteries is crucial. Meanwhile, manufacturers seek to enhance the performance of batteries while reducing production costs. Additionally, advancements in charging infrastructure are also becoming an important aspect of the market, as consumers require access to convenient and widespread charging stations.
In terms of market size, the South Korean Two-wheeled Electric Vehicle Battery Market is projected to continue its upward trajectory, with key players investing in research and development to improve battery efficiency. As electric two-wheelers become more mainstream, the requirement for high-performance batteries will only increase, creating a competitive landscape for both local and international manufacturers. With a growing emphasis on sustainability, the market for two-wheeled electric vehicles and their associated battery systems is poised for substantial growth in the coming years.
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Phylion
Tianneng Battery Group Co.
ltd.
Guangdong Greenway Technology Co.
ltd.
Amperex Technology Limited
Far East Smarter Energy Co.
Ltd.
EVE Energy Co.
Ltd
Guangzhou Great Power Energy & Technology Co.
Ltd.
Jiangsu Highstar Battery Manufacturing Co.
Ltd.
GS Yuasa International
Exide Technologies
ENERSYS
Midac Batteries
ACDelco
Camel Group
Leoch
Narada Power
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Two-wheeled Electric Vehicle Battery Market
Lithium-ion Batteries
Lead-Acid Batteries
Nickel-Metal Hydride (NiMH) Batteries
Solid-State Batteries
Electric Scooters
Electric Motorcycles
E-bikes
Quadricycles
Below 10 Ah
10-20 Ah
21-40 Ah
41-60 Ah
Above 60 Ah
Personal Use
Commercial Use
Shared Mobility
Delivery Services
Standard Charging
Fast Charging
Wireless Charging
Swappable Batteries
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Two-wheeled Electric Vehicle Battery Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Two-wheeled Electric Vehicle Battery Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Two-wheeled Electric Vehicle Battery Market, By Type
6. South Korea Two-wheeled Electric Vehicle Battery Market, By Application
7. South Korea Two-wheeled Electric Vehicle Battery Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Two-wheeled Electric Vehicle Battery Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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