Markntel Advisors’ report, Electric Two Wheeler Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2028, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Electric Two Wheeler presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.
Electric Two Wheeler Market Industry Research Report & Market Summary:
The Global Electric Two Wheeler market is projected to grow at a CAGR of around 25.57% during the forecast period, i.e., 2023-28. The market growth imputes to the rising concern among the governments of countries across Southeast Asia, North America, Europe, the Middle East, and South America to lower the CO2 emission from the automotive industry & lead towards a sustainable future. Additionally, the ease of access to subsidies launched by the government of various countries such as Scotland, Germany, India, and Indonesia, among others, widely catered to the demand for these vehicles across the globe.
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Electric Two Wheeler Market Dynamics:
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.
Electric Two Wheeler Market Segmentation Analysis:
According to MarkNtel study the market is segmented into the following categories:
By VehicleType
- Scooter/Moped
- Motorcycle
Among them, Electric Scooters/Mopeds dominated the Electric Two Wheeler market owing to the cost-competitiveness of e-scooter & mopeds compared to motorcycles & ease of maintenance.
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
- 50 x 17
- 90/90-12
- 5 x 17
- 120/70 ZR17
- 100/70-17
- 90/90-14
- 00-10
- 110/70-12
- 90/90-10
- 110/80-14
- 50-10
- 120/70-12
- Others
By Region
- North America
- Latin America
- Europe
- The Middle East & Africa
- Asia Pacific
- South East Asia.
Southeast Asia region observed considerable growth in the historical years due to the increasing incentives of the government of Southeast Asian countries to provide subsidies & flexible grants for the purchase of electric two-wheelers.
As indicated in the latest market research report published by Markntel Advisors, “Electric Two Wheeler Research Report: Forecast (2023-2028)”, this report offers a detailed analysis of the industry, featuring insights into the Electric Two Wheeler. It encompasses competitor and geographical analyses, as well as recent advancements in the market.
Browse Full Report Along with TOC and Figures – https://www.marknteladvisors.com/research-library/electric-two-wheeler-market.html
Top Companies Operating in the Electric Two Wheeler Market:
- 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.
Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
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Key Report Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
Frequently Asked Questions (FAQs)-
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What leading factors would propel and impede the industry across the geography?
- How has the industry been evolving in terms of geography & Electric Two Wheeler Market adoption?
- How has the competition been shaping up across the geography?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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