Electric Two Wheeler Charging Station Market Size (2024 - 2029)

The electric two-wheeler charging station market is anticipated to experience significant growth, driven by the increasing demand for sustainable transportation and the expansion of charging infrastructure. Despite the initial setbacks caused by the COVID-19 pandemic, the market is poised for expansion due to government investments and incentives that encourage the adoption of electric two-wheelers. The Asia Pacific region is expected to see steady growth, fueled by the necessity of charging infrastructure for energy-efficient vehicles, while North America is projected to be the fastest-growing area, supported by government initiatives and a rising interest in high-performance e-motorcycles.

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Market Size of Electric Two Wheeler Charging Station Industry

Electric Two Wheeler Charging Station Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 30.28 %
Fastest Growing Market North America
Largest Market Asia Pacific
Market Concentration High

Major Players

Electric Two Wheeler Charging Station Market Major Players

*Disclaimer: Major Players sorted in no particular order

Electric Two Wheeler Charging Station Market Analysis

The electric two-wheeler charging station market is valued at around USD 2.5 billion, and it is expected to reach USD 20.9 billion, registering a CAGR of 30.28% during the forecast period.

  • The impact of the COVID-19 pandemic on the Electric two-wheeler charging station market was deleterious, with subsequent shutdowns of manufacturing units and a halt of infrastructure development by the governments of various countries across the world. However, owing to the growing need for sustainable transportation and increasing awareness of customers towards electric two-wheelers, the growth of the market was expected to be fueled during the forecast period.
  • Increasing investments by governments across the globe to develop charging infrastructure and incentives offered to buyers will create opportunities for original equipment manufacturers (OEMs) to expand their footprint across various regions. The market in the Asia Pacific is projected to experience steady growth owing to the high demand for energy-efficient and emission-free electric two-wheelers making charging infrastructure a necessity for increasing two-wheeler vehicle sales in the region.
  • North America is expected to be the fastest-growing market during the forecast period due to various government initiatives and the growing high-performance e-motorcycle segment. In addition, the growing female rider population and increasing number of international players are some of the other factors that would drive the region's electric two-wheeler charging station market.

Electric Two Wheeler Charging Station Industry Segmentation

Electric two-wheelers, primarily comprised of scooters/motorcycles and bikes, operate with the help of battery-based electric motors. Electric two-wheeler charging infrastructure is a system that consists of charging stations and battery swap stations to recharge electric vehicles.

The electric two-wheeler charging station market has been segmented by vehicle type (electric scooters / motorcycles and e-bikes) and by geography (North America, Europe, Asia-Pacific, and the rest of the world). 

The report offers market size and forecasts for all the above segments in value (USD).

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Vehicle Type
Electric Scooters/ Motorcycles
E - bikes
Geography
North America
United States
Canada
Rest of North America
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
Asia - Pacific
India
China
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
South America
Middle East & Africa
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Electric Two Wheeler Charging Station Market Size Summary

The electric two-wheeler charging station market is poised for significant growth, driven by the increasing demand for sustainable transportation solutions and the rising awareness of electric two-wheelers. Despite the initial setbacks caused by the COVID-19 pandemic, which disrupted manufacturing and infrastructure development, the market is expected to expand rapidly. Governments worldwide are investing in charging infrastructure and offering incentives to encourage the adoption of electric vehicles, creating opportunities for original equipment manufacturers to broaden their presence. The Asia-Pacific region, particularly countries like China, Japan, India, and South Korea, is anticipated to hold a substantial market share due to the high demand for energy-efficient and emission-free vehicles. North America is also expected to experience rapid growth, fueled by government initiatives and the burgeoning high-performance e-motorcycle segment.

A notable trend in the market is the emergence of smart charging solutions, which integrate advanced technologies to enhance the efficiency and intelligence of charging processes. These solutions optimize charging based on grid demand and electricity pricing, offering benefits such as reduced peak demand and improved grid integration. The adoption of smart charging is facilitated by advancements in connectivity, data analytics, and the Internet of Things, creating a more efficient charging ecosystem. Key players in the market, including ChargePoint Inc, ABB Ltd, and Tesla Inc., are actively expanding their operations and forming strategic partnerships to strengthen their market position. Initiatives such as the establishment of new manufacturing facilities and collaborations to build fast-charging networks are indicative of the industry's commitment to supporting the transition towards sustainable electric mobility.

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Electric Two Wheeler Charging Station Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

      1. 1.1.1 Increasing Investments In Electric Vehicles

    2. 1.2 Market Restraints

      1. 1.2.1 High Cost Of Setting Up a Charging Station

    3. 1.3 Industry Attractiveness - Porter's Five Force Analysis

      1. 1.3.1 Bargaining power of suppliers

      2. 1.3.2 Bargaining Power of Consumers

      3. 1.3.3 Threat of New Entrants

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size in Value in USD Billion)

    1. 2.1 Vehicle Type

      1. 2.1.1 Electric Scooters/ Motorcycles

      2. 2.1.2 E - bikes

    2. 2.2 Geography

      1. 2.2.1 North America

        1. 2.2.1.1 United States

        2. 2.2.1.2 Canada

        3. 2.2.1.3 Rest of North America

      2. 2.2.2 Europe

        1. 2.2.2.1 Germany

        2. 2.2.2.2 United Kingdom

        3. 2.2.2.3 France

        4. 2.2.2.4 Italy

        5. 2.2.2.5 Rest of Europe

      3. 2.2.3 Asia - Pacific

        1. 2.2.3.1 India

        2. 2.2.3.2 China

        3. 2.2.3.3 Japan

        4. 2.2.3.4 South Korea

        5. 2.2.3.5 Rest of Asia-Pacific

      4. 2.2.4 Rest of the World

        1. 2.2.4.1 South America

        2. 2.2.4.2 Middle East & Africa

Electric Two Wheeler Charging Station Market Size FAQs

The Electric Two Wheeler Charging Station Market is projected to register a CAGR of 30.28% during the forecast period (2024-2029)

Tesla, Inc., ABB Ltd, ChargePoint, Inc., Delta Electronics Inc. and Schneider Electric SE​ are the major companies operating in the Electric Two Wheeler Charging Station Market.

Electric Two Wheeler Charging Station Market Report Snapshots

Electric Two Wheeler Charging Station Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)