According to the latest research report from MarkNtel Advisors, the market is expected to experience a Compound Annual Growth Rate (CAGR) of 25.57% during the period 2023-28. This comprehensive report provides a detailed analysis of the Global Electric Two Wheeler Market, covering essential aspects such as market size, regional market shares, competitor analysis, emerging trends, potential opportunities, and other critical data crucial for success in the Global Electric Two Wheeler industry. The report emphasizes key market characteristics, including accumulation, fragmentation, dominance, and amalgamation, offering insights into the overall dynamics and structure of the market.
The Research Report on the Global Electric Two Wheeler Market reveals a significant level of fragmentation, encompassing diverse segments and geographical regions. This thorough segmentation offers valuable insights into the opportunities and challenges confronted by participants in the market. It enables stakeholders to acquire a comprehensive understanding of external factors shaping the industry’s growth trajectory over time. By delving into various segments and regions, the report enhances the analysis, providing a nuanced perspective on the complexities inherent in the Global Electric Two Wheeler Market.
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.
Additionally, various companies such as Gogoro, Sun Mobility, Ample, etc., are investing in the infrastructure of battery swapping stations in different countries like the US, Taiwan, China, etc., to support the government initiative towards sustainability & provide a sense of reliability to the consumers. As a result, end-users are gradually adopting e-scooters & e-motorcycles. Thus, the global expansion of battery swapping stations is expected to boost the industrial expansion during the forecast period.
Global Electric Two Wheeler Market Key Driver:
Expansion of E-scooter & E-motorcycle Rentals to Serve Tourists Drives the Market – Tourism is one of the major factors boosting the sales globally, as rental electric two-wheelers are the most preferred choice for tourists to visit the city hassle free on their own. Globally, the demand for these vehicles is being driven by urbanization, digitalization, micro-mobility, traffic congestion, and the cost of owning & maintaining bikes.
The tourist cities like Bali, Kuala Lumpur, Madrid, Delhi, etc., across the world, are facing traffic congestion & pollution caused by rapid urbanization that puts a lot of pressure on the public transport system. Therefore, the consumer prefers the rental electric two-wheeler as it offers hassle-free movement at a competent cost than renting a four-wheeler for the same purpose. As a result of the growing demand, various start-ups, such as Revel, City Scoot, Cooltra, VOGO, etc., that provide QR-based dockless services are increasingly expanding worldwide to gain significant revenues.
Thus, the expansion of e-scooter & motorcycle renting companies are notably driving the sales and is anticipated to continue to support the revenue expansion of the market in the upcoming years as well.
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The Global Electric Two Wheeler Market is segmented 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
Access the Full Report with Detailed Analysis – https://www.marknteladvisors.com/research-library/electric-two-wheeler-market.html
Market Landscape in 2023-28: Key Contributors
Companies must swiftly adjust to maintain their market positions in dynamic consumer preferences and economic conditions. Consequently, the lineup of leading contenders is subject to change, reflecting the industry’s ever-evolving nature.
Our comprehensive reports on the Global Electric Two Wheeler Market are invaluable assets, providing insights into the latest developments and pinpointing the current frontrunners. These reports empower businesses to make informed decisions, helping them outpace competitors by analyzing market trends, identifying growth opportunities, and understanding competitive strategies.
In the continually evolving sphere of the Global Electric Two Wheeler Market, several influential participants, namely
-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
stand at the forefront, shaping the dynamics of the industry. These noteworthy contributors consistently compete for dominance, fostering innovation and introducing fresh trends that steer the market’s course.
Reasons to Buy the Market Report from MarkNtel Advisors
- Comprehensive segmentation, analysis, and forecasting based on market segments and geography offer a holistic view of the Global Electric Two Wheeler Market.
- A thorough COVID-19 impact analysis enhances understanding of the market dynamics.
- The analysis covers primary market drivers, restraints, opportunities, and challenges.
- The research provides a detailed competitive landscape, strategies of significant rivals, in-depth analysis, and major player revenues.
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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.
We understand the mounting & diverse needs of our clients. Hence, our analysts focus on emerging industries to provide services that fulfill their assessment of the current & future industry potential, identify white spaces & hotspots, & venture into new geographies or business segments in the future.
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