Electric Two-Wheeler Market Outlook and Opportunities in Grooming Regions with Forecast 2032

Electric Two-Wheeler Market Outlook and Opportunities in Grooming Regions with Forecast 2032

Market Research Future (MRFR) has published on the “Global electric two-wheeler market”.


The electric two-wheeler market is estimated to register a CAGR of 25.4% during the forecast period of 2023 to 2032.


MRFR recognizes the following companies as the key players in the global electric two-wheeler market— Jiangsu Xinri E-Vehicle (China), Yadea Technologies (China), VMOTO (Australia), NIU International (China), Energica Motor (Italy), Govecs (Germany), China Zhongneng Vehicle (China), Zero Motorcycles (US), Hero Electric (India), Ampere Vehicles (India), and GOGORO Inc. (Taiwan).


Market Highlights


The global electric two-wheeler market is accounted for to register a CAGR of 25.4% during the forecast period and is estimated to reach USD 44423.18 million by 2032.


The global electric two-wheeler market has experienced significant growth due to various factors, and government incentives play a crucial role in accelerating this growth. Governments worldwide are increasingly concerned about air pollution and greenhouse gas emissions. Electric two-wheelers produce zero tailpipe emissions, which helps in reducing local air pollution and mitigating the impact of transportation on climate change. To encourage sustainable transportation, governments often provide incentives for electric two-wheeler adoption. Many governments offer financial incentives to promote the adoption of electric vehicles, including electric two-wheelers. These incentives may include direct subsidies, tax credits, reduced registration fees, or low-interest loans, making electric two-wheelers more affordable and competitive compared to conventional gasoline-powered counterparts. Government incentives drive investment in research and development of electric two-wheelers and associated technologies. This investment is helping manufacturers in improving the battery technology, increase vehicle range, and enhance charging infrastructure, making electric two-wheelers more attractive to consumers. The increasing demand for electric two-wheelers among tourists has contributed to the growth of the global electric two-wheeler market. Electric two-wheelers are often more cost-effective than traditional gasoline-powered rental vehicles. Tourists can save money on fuel costs, and in some cases, they may benefit from local incentives or discounted rates when renting electric two-wheelers, making them an attractive choice for budget-conscious travellers. Tourists, especially those with a growing concern for environmental sustainability, prefer eco-friendly transportation options during their travels. Electric two-wheelers, being zero-emission vehicles, align with eco-tourism principles and appeal to travelers who want to reduce their carbon footprint.


Segment Analysis


The global electric two-wheeler market has been segmented based on Type, Battery Type, Voltage, and Region.


Based on Type, the global electric two-wheeler market segmentation includes Electric Motorcycles, and Electric Scooters. The Electric Scooters Type held the majority share in 2022, contributing around ~69.50% to the market revenue. Electric scooters are well-suited for urban commuting, especially in congested cities. Their compact size and maneuverability allow riders to navigate through traffic and reach their destinations quickly, making them a convenient and efficient mode of transportation for short to medium distances.


Based on the Battery Type, the global electric two-wheeler market segmentation includes Sealed Lead Acid, Li-ion, and Others. The Li-ion battery type held the majority share in 2022. Li-ion batteries have gained highest market share in 2022 and can be traced largely in the electric two-wheeler marketplace due to it's the high energy density.


Based on the Voltage, the global electric two-wheeler market is segmented into 36V, 24V, 48V, and more than 48V. More than 48V segment dominated the market in 2022.


Access full report @ https://www.marketresearchfuture.com/reports/electric-two-wheeler-market-5456


Regional Analysis


The global electric two-wheeler market, based on region, has been divided into the into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America consists of US, Canada, Mexico. The Europe electric two-wheeler market comprises of UK, Germany, France, Italy, Spain, and Rest of Europe. The electric two-wheeler market in Asia-Pacific has been segmented into China, India, Japan, South Korea, Indonesia, Vietnam, Philippines, Myanmar, Singapore, and Rest of Asia-Pacific. South America consists of  Brazil, Argentina, Chile, Colombia, Peru, Venezuela, and Rest of South America. Middle East & Africa consists of  UAE, Saudi Arabia, Bahrain, Oman, Kuwait, Egypt, South Africa, Algeria, Nigeria, Kenya, Ghana,  and Rest of Middle East & Africa.


The Asia-Pacific region has been at the forefront of the global electric two-wheeler market's growth due to several factors that have facilitated the adoption and popularity of electric two-wheelers in this region. Many countries in the Asia-Pacific region have high population densities and rapid urbanization. Electric two-wheelers are well-suited for navigating congested city streets and offer a more efficient and convenient mode of transportation, particularly for short to medium-distance commutes.


South America is witnessing increasing environmental awareness and concerns about air pollution and its impact on public health. Electric two-wheelers, being emission-free, are viewed as a sustainable and eco-friendly transportation option, attracting environmentally conscious consumers. Some countries in South America have introduced government incentives to promote the adoption of electric vehicles, including electric two-wheelers.


North America has a growing concern about climate change and air pollution. As a result, there is increasing demand for eco-friendly transportation options. Electric two-wheelers, being emission-free, align with these environmental concerns and attract environmentally conscious consumers. The charging infrastructure for electric vehicles, including electric two-wheelers, has been growing in North America. The availability of charging stations at public locations, workplaces, and residential areas is essential for the widespread adoption of electric mobility.


Key Findings of the Study



  • The global electric two-wheeler market is expected to reach USD 44423.18 million by 2032, at a CAGR of 25.4% during the forecast period.

  • The Asia-Pacific region accounted for the fastest-growing global market, as several governments in the region have implemented supportive policies and incentives to promote the adoption of electric vehicles.

  • Based on type, Electric Scooters held the majority share in 2022, contributing around 69.50% to the market revenue.

  • Jiangsu Xinri E-Vehicle (China), Yadea Technologies (China), VMOTO (Australia), NIU International (China), Energica Motor (Italy), Govecs (Germany), China Zhongneng Vehicle (China), Zero Motorcycles (US), Hero Electric (India), Ampere Vehicles (India), and GOGORO Inc. (Taiwan) are the key market players.

Leading companies partner with us for data-driven Insights.
Client logo Client logo Client logo Client logo Client logo Client logo Client logo Client logo Client logo Client logo

Contact us and avail customized purchase options to meet your research needs. Get your queries resolved from an industry expert. Enquire before Buy

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.