Electric Two-Wheeler Market Size
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 105.3 Billion |
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Market Size (2030) | USD 186 Billion |
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Largest Share by Propulsion Type | ICE |
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CAGR (2024 - 2030) | 9.94 % |
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Largest Share by Region | Asia-Pacific |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Electric Two-Wheeler Market Analysis
The Electric Two-Wheeler Market size is estimated at 105.3 billion USD in 2024, and is expected to reach 186 billion USD by 2030, growing at a CAGR of 9.94% during the forecast period (2024-2030).
105.3 Billion
Market Size in 2024 (USD)
186 Billion
Market Size in 2030 (USD)
13.78 %
CAGR (2017-2023)
9.94 %
CAGR (2024-2030)
Fastest-growing Segment by Country
60.26 %
Projected CAGR, Russia, 2024-2030
The country is the fastest-growing segment due to increasing government support for EVs, expanding charging infrastructure, and rising consumer awareness about the benefits of electric mobility.
Largest Segment by Region
97.46 %
value share, Asia-Pacific, 2023
APAC leads due to its large population, high urbanization rate, and significant demand for affordable, efficient, and eco-friendly transportation options, supported by strong government policies.
Fastest-growing Segment by Region
30.14 %
Projected CAGR, Europe, 2024-2030
Europe is the fastest-growing segment due to strong government support for sustainable transportation, extensive charging infrastructure, and increasing consumer preference for eco-friendly vehicles.
Largest Segment by Country
73.92 %
value share, China, 2023
China leads the two-wheeler market due to its large population, significant manufacturing capacity, and high consumer demand for affordable and efficient personal transportation options.
Leading Market Player
14.77 %
market share, Yadea Group Holdings Ltd., 2023
Yadea Group Holdings Ltd. is the world's largest manufacturer of electric two-wheeled vehicles and is devoted to creating a new generation of green travel lifestyles and also sold about 6.1 million scooters in 2021.
The electric two-wheeler market is poised for a significant growth spurt, propelled by technological advancements, favorable government initiatives, and evolving consumer tastes
- The global electric two-wheeler market witnessed a significant surge in sales during 2023, marking a pivotal year of transition and growth. Analysis of the sales data from 2023 highlighted an impressive uptick in consumer demand across various regions, with notable increases in emerging markets such as India, China, and parts of Europe. This rise is attributed to a heightened awareness of environmental issues, advancements in battery technology, and an expanding infrastructure for electric vehicles. The sales in 2023 showcased a robust diversification of offerings, from electric scooters to high-performance electric motorcycles, catering to a wide array of consumer preferences.
- Government policies and incentives have played a crucial role in accelerating the adoption of electric two-wheelers. Since late 2022, several governments across the world have introduced subsidies, tax rebates, and stricter emissions regulations to encourage the shift toward electric mobility. For instance, the European Union's ambitious Green Deal and India's FAME II (Faster Adoption and Manufacture of Electric Vehicles) scheme have significantly lowered the cost of ownership for consumers and fostered a conducive environment for the growth of the electric two-wheeler market.
- Moreover, major industry players have responded with strategic partnerships, expanded production capacities, and investments in R&D to innovate and meet the growing market demand. These actions, combined with supportive government policies, are shaping the market trends, influencing consumer behavior, and enhancing the electric two-wheeler ecosystem.
Global Electric Two-Wheeler Market Trends
The rising global demand and government support propel electric vehicle market growth
- Electric vehicles (EVs) have become indispensable in the automotive sector, driven by their potential to enhance energy efficiency and reduce greenhouse gas and pollution emissions. This surge is primarily attributed to growing environmental concerns and supportive government initiatives. Notably, global EV sales witnessed a robust 10.82% growth in 2022 compared to 2021. Projections indicate that annual sales of electric passenger cars will surpass 5 million by the end of 2025, accounting for approximately 15% of total vehicle sales.
- Leading manufacturers and organizations, like the London Metropolitan Police & Fire Service, have been actively pursuing their electric mobility strategies. For instance, they have set a target of a zero-emission fleet by 2025, with a goal of electrifying 40% of their vans by 2030 and achieving full electrification by 2040. Similar trends are expected globally, with the period from 2024 to 2030 witnessing a surge in demand and sales of electric vehicles.
- Asia-Pacific and Europe are poised to dominate electric vehicle production, driven by their advancements in battery technology and vehicle electrification. In a notable move, in May 2020, Kia Motors Europe unveiled its "Plan S," signaling a strategic shift toward electrification. This decision came on the heels of record-breaking sales of Kia's EVs in Europe. Kia has ambitious plans to introduce 11 EV models globally by 2025, spanning various segments like passenger vehicles, SUVs, and MPVs. The company aims to achieve annual global EV sales of 500,000 by 2026.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Africa's demographic evolution demonstrates consistent growth with a notable acceleration in recent years
- Several European countries face population declines, while others grow, indicating a need for targeted policy interventions
- North America's demographic story highlights steady growth and adaptability, with each nation contributing uniquely to the region's vibrant mosaic, underlining North America's continued global significance
- Despite a GDP per capita decline in 2022-2023, Africa shows potential for future economic stability through trade agreements and infrastructure development
- Europe's GDP per capita is on track for steady growth, reflecting resilience and strategic policies
- Despite challenges in 2020, by 2023, the US experienced growth, Mexico displayed a robust recovery, while Canada witnessed a dip
- South Africa's consumer vehicle population shows signs of stabilization
- European countries are experiencing growth in CVP, driven by government incentives for environmentally friendly vehicles
- North America exhibits diverse trends in consumer spending for vehicle purchases (CVP), and Canada experiences a slight decrease, while the US sees an increase, and Mexico shows significant growth
- South Africa, Kenya, and Morocco exhibit declining inflation rates, while Nigeria faces a sharp inflation increase
- The European region is poised for economic stability, with concerted efforts to manage inflation and foster a balanced economic landscape
- From 2017 to 2030, North America, particularly countries like the US and Canada, navigated inflationary spikes, especially post-pandemic in 2022, but projections suggest a trend toward economic stability and controlled inflation for the region by 2030
- Auto interest rates across Africa, Asia-Pacific, and North America showed significant regional diversity, influenced by a combination of economic policies, market dynamics, and global conditions
- Battery pack prices in Africa continued to decline from USD 186 in 2022 to USD 176 in 2023, driven by technological advancements and increased market competition
- Declining battery prices and government initiatives drive demand for electric vehicles in Europe
- Declining prices of lithium-ion batteries drive the demand for electric vehicles in North America
- The global automotive industry will undergo a transformative phase, with a pronounced shift toward electrification from 2023 to 2025, followed by a period of refinement and consolidation in the subsequent years
- Countries like Australia, India, and Indonesia project a steady upward trajectory in GDP per capita, suggesting robust economic strategies and potential investment in the automotive sectors
- Saudi Arabia and the United Arab Emirates, both pivotal nations in the Middle East, demonstrated population growth from 2017 to 2023. While there were slight dips for both countries in between, the overarching upward trend indicates their significant roles and attractions in the region
- South America's demographic narrative, represented by Brazil and Colombia, showcases a story of consistent growth, with Brazil experiencing a pronounced surge
- Asia-Pacific displays a panorama of economic evolution: from the relentless pursuits of emerging economies to the recalibrations of established ones, painting a picture of resilience, adaptation, and ambition
- Projections for the coming years indicate a steady growth trajectory for both the UAE's diversified sectors and its role as a regional business hub. This growth can be attributed to the country's focus on diversification efforts and strategic partnerships
- During 2017-2030, Brazil and Colombia displayed contrasting economic paths. While both faced downturns around 2020, Brazil's GDP per capita showed recovery by 2023, whereas Colombia witnessed a slight decline
- The Asia-Pacific's diverse consumer spending trends on vehicle purchases not only reflect the region's evolving economic conditions but also highlight the shifting consumer preferences and vehicular market dynamics across countries
- In the short term (2022-2023), Saudi Arabia maintained stable consumer spending for vehicle purchases, while the UAE experienced a slight decline, suggesting differing market dynamics
- Brazil and Colombia are expected to see an increase in consumer spending for vehicle purchases (CVP), indicating a recovering automotive market and growing consumer confidence
- Asia-Pacific’s varied inflation rates reflect the diverse economic challenges and responses of each nation, from battling pandemic-induced fluctuations to aiming for future stability through strategic economic policies
- From 2017 to 2030, the Middle East is expected to display varied inflationary patterns, with countries like Iran facing significant challenges, while others like Saudi Arabia and the UAE will show stability
- Projections indicate a trend toward economic stabilization and controlled inflation in the region, highlighting a concerted push to restore equilibrium and foster growth
- Global efforts to expand and enhance EV infrastructure are signaling a collective push toward electrification
- The demand for EVs in the Asia-Pacific region is fueled by falling battery prices
- The Middle East's battery market: A continuous descent in prices and promising energy trends
- South America’s surging demand for electric vehicle batteries: falling costs and strategic alliances
- For over a year, Russia's invasion of Ukraine disrupted global crude oil and petroleum product markets
Electric Two-Wheeler Industry Overview
The Electric Two-Wheeler Market is fragmented, with the top five companies occupying 23.57%. The major players in this market are Gogoro Limited, Hero Electric Vehicles Pvt. Ltd., Jiangsu Xinri E-Vehicle Co. Ltd., VMOTO SOCO ITALY SRL and Yadea Group Holdings Ltd. (sorted alphabetically).
Electric Two-Wheeler Market Leaders
Gogoro Limited
Hero Electric Vehicles Pvt. Ltd.
Jiangsu Xinri E-Vehicle Co. Ltd.
VMOTO SOCO ITALY SRL
Yadea Group Holdings Ltd.
Other important companies include Ather Energy Pvt. Ltd., Energica Motor Company SPA, Govecs AG, Zero Motorcycles Inc..
*Disclaimer: Major Players sorted in alphabetical order.
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Electric Two-Wheeler Market News
- August 2023: Multi-matrix Publicity Activities Deepen the Global Deployment of SUNRA Electric Vehicles
- July 2023: Recently, Sunra, a Chinese electric vehicle manufacturer, launched the mass-produced two-wheeled EV with sodium-ion batteries, bringing the concept to reality.
- July 2023: SUNRA Officially Signed a Contract with Indonesian State-owned Enterprise IBC to Accelerate the Development of the EV Industry
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For the Vehicle Hub report, we provide an extensive collection of over 150 free charts, delivering detailed insights on regional and country-level dynamics within the vehicle industry. This encompasses in-depth analyses of vehicle registrations, usage patterns in both consumer and business segments, and evaluations of various vehicle configurations and body types. The report delves into critical industrial trends such as shifts in vehicle production and distribution centers, changes in vehicle ownership costs, and advancements in automotive technologies. Further, our report offers comprehensive market segmentation by vehicle type, body type, propulsion, and fuel categories, providing a nuanced understanding of the market landscape. It also explores the adoption rate of new technologies, the impact of regulatory changes, and the influence of economic factors on the vehicle market. We include a thorough examination of key industry players, regulatory frameworks, and market size in terms of both revenue and unit sales, leading to strategic projections and forecasts that account for emerging trends and potential shifts in the industry.
Electric Two-Wheeler Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
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4.1 Population
- 4.1.1 Africa
- 4.1.2 Asia-Pacific
- 4.1.3 Europe
- 4.1.4 Middle East
- 4.1.5 North America
- 4.1.6 South America
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4.2 GDP Per Capita
- 4.2.1 Africa
- 4.2.2 Asia-Pacific
- 4.2.3 Europe
- 4.2.4 Middle East
- 4.2.5 North America
- 4.2.6 South America
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4.3 Consumer Spending For Vehicle Purchase (cvp)
- 4.3.1 Africa
- 4.3.2 Asia-Pacific
- 4.3.3 Europe
- 4.3.4 Middle East
- 4.3.5 North America
- 4.3.6 South America
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4.4 Inflation
- 4.4.1 Africa
- 4.4.2 Asia-Pacific
- 4.4.3 Europe
- 4.4.4 Middle East
- 4.4.5 North America
- 4.4.6 South America
- 4.5 Interest Rate For Auto Loans
- 4.6 Impact Of Electrification
- 4.7 EV Charging Station
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4.8 Battery Pack Price
- 4.8.1 Africa
- 4.8.2 Asia-Pacific
- 4.8.3 Europe
- 4.8.4 Middle East
- 4.8.5 North America
- 4.8.6 South America
- 4.9 New Xev Models Announced
- 4.10 Fuel Price
- 4.11 Regulatory Framework
- 4.12 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
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5.1 Region
- 5.1.1 Africa
- 5.1.1.1 South Africa
- 5.1.2 Asia-Pacific
- 5.1.2.1 China
- 5.1.2.2 India
- 5.1.2.3 Japan
- 5.1.2.4 South Korea
- 5.1.3 Europe
- 5.1.3.1 France
- 5.1.3.2 Germany
- 5.1.3.3 Italy
- 5.1.3.4 Russia
- 5.1.3.5 Spain
- 5.1.3.6 UK
- 5.1.4 Middle East
- 5.1.4.1 UAE
- 5.1.5 North America
- 5.1.5.1 Canada
- 5.1.5.2 Mexico
- 5.1.5.3 US
- 5.1.6 South America
- 5.1.6.1 Argentina
- 5.1.6.2 Brazil
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles
- 6.4.1 Ather Energy Pvt. Ltd.
- 6.4.2 Energica Motor Company SPA
- 6.4.3 Gogoro Limited
- 6.4.4 Govecs AG
- 6.4.5 Hero Electric Vehicles Pvt. Ltd.
- 6.4.6 Jiangsu Xinri E-Vehicle Co. Ltd.
- 6.4.7 VMOTO SOCO ITALY SRL
- 6.4.8 Yadea Group Holdings Ltd.
- 6.4.9 Zero Motorcycles Inc.
- *List Not Exhaustive
7. KEY STRATEGIC QUESTIONS FOR VEHICLES CEOS
8. APPENDIX
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8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, POPULATION YOY GROWTH RATE, UNITS, 2017 - 2030
- Figure 2:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, POPULATION YOY GROWTH RATE, UNITS, 2017 - 2030
- Figure 3:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, POPULATION YOY GROWTH RATE, UNITS, 2017 - 2030
- Figure 4:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, POPULATION YOY GROWTH RATE, UNITS, 2017 - 2030
- Figure 5:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, POPULATION YOY GROWTH RATE, UNITS, 2017 - 2030
- Figure 6:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, POPULATION YOY GROWTH RATE, UNITS, 2017 - 2030
- Figure 7:
- AFRICA MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
- Figure 8:
- ASIA-PACIFIC MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
- Figure 9:
- EUROPE MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
- Figure 10:
- MIDDLE EAST MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
- Figure 11:
- NORTH AMERICA MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
- Figure 12:
- SOUTH AMERICA MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
- Figure 13:
- AFRICA MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
- Figure 14:
- ASIA-PACIFIC MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
- Figure 15:
- EUROPE MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
- Figure 16:
- MIDDLE EAST MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
- Figure 17:
- NORTH AMERICA MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
- Figure 18:
- SOUTH AMERICA MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
- Figure 19:
- AFRICA MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
- Figure 20:
- ASIA-PACIFIC MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
- Figure 21:
- EUROPE MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
- Figure 22:
- MIDDLE EAST MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
- Figure 23:
- NORTH AMERICA MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
- Figure 24:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENTAGE, 2017 - 2022
- Figure 25:
- GLOBAL MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
- Figure 26:
- GLOBAL MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2022
- Figure 27:
- AFRICA MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
- Figure 28:
- ASIA-PACIFIC MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
- Figure 29:
- EUROPE MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
- Figure 30:
- MIDDLE EAST MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
- Figure 31:
- NORTH AMERICA MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
- Figure 32:
- SOUTH AMERICA MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
- Figure 33:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, NEW XEV MODELS ANNOUNCED, VOLUME, YOY GROWTH RATE, UNITS, 2023 - 2027
- Figure 34:
- GLOBAL MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2022
- Figure 35:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, VOLUME IN UNITS, 2017 - 2030
- Figure 36:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, VALUE IN USD, 2017 - 2030
- Figure 37:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY REGION, BY VOLUME IN UNITS, 2017 - 2030
- Figure 38:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY REGION, BY VALUE IN USD, 2017 - 2030
- Figure 39:
- GLOBAL ELECTRIC TWO-WHEELER MARKET MARKET, SHARE(%), BY REGION, 2017 - 2030
- Figure 40:
- GLOBAL ELECTRIC TWO-WHEELER MARKET MARKET, SHARE(%), BY REGION, 2017 - 2030
- Figure 41:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2017 - 2030
- Figure 42:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY COUNTRY, BY VALUE IN USD, 2017 - 2030
- Figure 43:
- GLOBAL ELECTRIC TWO-WHEELER MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
- Figure 44:
- GLOBAL ELECTRIC TWO-WHEELER MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
- Figure 45:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY AUSTRALIA, BY VOLUME IN UNITS, 2017 - 2030
- Figure 46:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY AUSTRALIA, BY VALUE IN USD, 2017 - 2030
- Figure 47:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY CHINA, BY VOLUME IN UNITS, 2017 - 2030
- Figure 48:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY CHINA, BY VALUE IN USD, 2017 - 2030
- Figure 49:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY INDIA, BY VOLUME IN UNITS, 2017 - 2030
- Figure 50:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY INDIA, BY VALUE IN USD, 2017 - 2030
- Figure 51:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY INDONESIA, BY VOLUME IN UNITS, 2017 - 2030
- Figure 52:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY INDONESIA, BY VALUE IN USD, 2017 - 2030
- Figure 53:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY JAPAN, BY VOLUME IN UNITS, 2017 - 2030
- Figure 54:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY JAPAN, BY VALUE IN USD, 2017 - 2030
- Figure 55:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY MALAYSIA, BY VOLUME IN UNITS, 2017 - 2030
- Figure 56:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY MALAYSIA, BY VALUE IN USD, 2017 - 2030
- Figure 57:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY SOUTH KOREA, BY VOLUME IN UNITS, 2017 - 2030
- Figure 58:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY SOUTH KOREA, BY VALUE IN USD, 2017 - 2030
- Figure 59:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY THAILAND, BY VOLUME IN UNITS, 2017 - 2030
- Figure 60:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY THAILAND, BY VALUE IN USD, 2017 - 2030
- Figure 61:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY REST-OF-APAC, BY VOLUME IN UNITS, 2017 - 2030
- Figure 62:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY REST-OF-APAC, BY VALUE IN USD, 2017 - 2030
- Figure 63:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2017 - 2030
- Figure 64:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY COUNTRY, BY VALUE IN USD, 2017 - 2030
- Figure 65:
- GLOBAL ELECTRIC TWO-WHEELER MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
- Figure 66:
- GLOBAL ELECTRIC TWO-WHEELER MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
- Figure 67:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY AUSTRIA, BY VOLUME IN UNITS, 2017 - 2030
- Figure 68:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY AUSTRIA, BY VALUE IN USD, 2017 - 2030
- Figure 69:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY BELGIUM, BY VOLUME IN UNITS, 2017 - 2030
- Figure 70:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY BELGIUM, BY VALUE IN USD, 2017 - 2030
- Figure 71:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY CZECH REPUBLIC, BY VOLUME IN UNITS, 2017 - 2030
- Figure 72:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY CZECH REPUBLIC, BY VALUE IN USD, 2017 - 2030
- Figure 73:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY DENMARK, BY VOLUME IN UNITS, 2017 - 2030
- Figure 74:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY DENMARK, BY VALUE IN USD, 2017 - 2030
- Figure 75:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY ESTONIA, BY VOLUME IN UNITS, 2017 - 2030
- Figure 76:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY ESTONIA, BY VALUE IN USD, 2017 - 2030
- Figure 77:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY FRANCE, BY VOLUME IN UNITS, 2017 - 2030
- Figure 78:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY FRANCE, BY VALUE IN USD, 2017 - 2030
- Figure 79:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY GERMANY, BY VOLUME IN UNITS, 2017 - 2030
- Figure 80:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY GERMANY, BY VALUE IN USD, 2017 - 2030
- Figure 81:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY IRELAND, BY VOLUME IN UNITS, 2017 - 2030
- Figure 82:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY IRELAND, BY VALUE IN USD, 2017 - 2030
- Figure 83:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY ITALY, BY VOLUME IN UNITS, 2017 - 2030
- Figure 84:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY ITALY, BY VALUE IN USD, 2017 - 2030
- Figure 85:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY LATVIA, BY VOLUME IN UNITS, 2017 - 2030
- Figure 86:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY LATVIA, BY VALUE IN USD, 2017 - 2030
- Figure 87:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY LITHUANIA, BY VOLUME IN UNITS, 2017 - 2030
- Figure 88:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY LITHUANIA, BY VALUE IN USD, 2017 - 2030
- Figure 89:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY NORWAY, BY VOLUME IN UNITS, 2017 - 2030
- Figure 90:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY NORWAY, BY VALUE IN USD, 2017 - 2030
- Figure 91:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY POLAND, BY VOLUME IN UNITS, 2017 - 2030
- Figure 92:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY POLAND, BY VALUE IN USD, 2017 - 2030
- Figure 93:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY RUSSIA, BY VOLUME IN UNITS, 2017 - 2030
- Figure 94:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY RUSSIA, BY VALUE IN USD, 2017 - 2030
- Figure 95:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY SPAIN, BY VOLUME IN UNITS, 2017 - 2030
- Figure 96:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY SPAIN, BY VALUE IN USD, 2017 - 2030
- Figure 97:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY SWEDEN, BY VOLUME IN UNITS, 2017 - 2030
- Figure 98:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY SWEDEN, BY VALUE IN USD, 2017 - 2030
- Figure 99:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY UK, BY VOLUME IN UNITS, 2017 - 2030
- Figure 100:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY UK, BY VALUE IN USD, 2017 - 2030
- Figure 101:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY REST-OF-EUROPE, BY VOLUME IN UNITS, 2017 - 2030
- Figure 102:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY REST-OF-EUROPE, BY VALUE IN USD, 2017 - 2030
- Figure 103:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2017 - 2030
- Figure 104:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY COUNTRY, BY VALUE IN USD, 2017 - 2030
- Figure 105:
- GLOBAL ELECTRIC TWO-WHEELER MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
- Figure 106:
- GLOBAL ELECTRIC TWO-WHEELER MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
- Figure 107:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY CANADA, BY VOLUME IN UNITS, 2017 - 2030
- Figure 108:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY CANADA, BY VALUE IN USD, 2017 - 2030
- Figure 109:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY MEXICO, BY VOLUME IN UNITS, 2017 - 2030
- Figure 110:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY MEXICO, BY VALUE IN USD, 2017 - 2030
- Figure 111:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY US, BY VOLUME IN UNITS, 2017 - 2030
- Figure 112:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY US, BY VALUE IN USD, 2017 - 2030
- Figure 113:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2017 - 2030
- Figure 114:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, MOST ADOPTED STRATEGIES, 2017 - 2030
- Figure 115:
- GLOBAL ELECTRIC TWO-WHEELER MARKET SHARE(%), BY MAJOR PLAYERS, 2021
Electric Two-Wheeler Industry Segmentation
Africa, Asia-Pacific, Europe, Middle East, North America, South America are covered as segments by Region.
| Region | Africa | South Africa |
| Region | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Region | Europe | France |
| Germany | ||
| Italy | ||
| Russia | ||
| Spain | ||
| UK | ||
| Region | Middle East | UAE |
| Region | North America | Canada |
| Mexico | ||
| US | ||
| Region | South America | Argentina |
| Brazil |
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Market Definition
- Vehicle Type - The category covers motorized two-wheelers.
- Vehicle Body Type - This includes Scooters and Motorcycles, while Kick-scooters and Bicycles are excluded.
- Fuel Category - The category exclusively covers electric propulsion systems, while Internal Combustion Engines (ICE) are excluded.
| Keyword | Definition |
|---|---|
| Electric Vehicle (EV) | A vehicle which uses one or more electric motors for propulsion. Includes cars, buses, and trucks. This term includes all-electric vehicles or battery electric vehicles and plug-in hybrid electric vehicles. |
| BEV | A BEV relies completely on a battery and a motor for propulsion. The battery in the vehicle must be charged by plugging it into an outlet or public charging station. BEVs do not have an ICE and hence are pollution-free. They have a low cost of operation and reduced engine noise as compared to conventional fuel engines. However, they have a shorter range and higher prices than their equivalent gasoline models. |
| PEV | A plug-in electric vehicle is an electric vehicle that can be externally charged and generally includes all-electric vehicles as well as plug-in hybrids. |
| Plug-in Hybrid EV | A vehicle that can be powered either by an ICE or an electric motor. In contrast to normal hybrid EVs, they can be charged externally. |
| Internal combustion engine | An engine in which the burning of fuels occurs in a confined space called a combustion chamber. Usually run with gasoline/petrol or diesel. |
| Hybrid EV | A vehicle powered by an ICE in combination with one or more electric motors that use energy stored in batteries. These are continually recharged with power from the ICE and regenerative braking. |
| Commercial Vehicles | Commercial vehicles are motorized road vehicles designed for transporting people or goods. The category includes light commercial vehicles (LCVs) and medium and heavy-duty vehicles (M&HCV). |
| Passenger Vehicles | Passenger cars are electric motor– or engine-driven vehicles with at least four wheels. These vehicles are used for the transport of passengers and comprise no more than eight seats in addition to the driver’s seat. |
| Light Commercial Vehicles | Commercial vehicles that weigh less than 6,000 lb (Class 1) and in the range of 6,001–10,000 lb (Class 2) are covered under this category. |
| M&HDT | Commercial vehicles that weigh in the range of 10,001–14,000 lb (Class 3), 14,001–16,000 lb (Class 4), 16,001–19,500 lb (Class 5), 19,501–26,000 lb (Class 6), 26,001–33,000 lb (Class 7) and above 33,001 lb (Class 8) are covered under this category. |
| Bus | A mode of transportation that typically refers to a large vehicle designed to carry passengers over long distances. This includes transit bus, school bus, shuttle bus, and trolleybuses. |
| Diesel | It includes vehicles that use diesel as their primary fuel. A diesel engine vehicle have a compression-ignited injection system rather than the spark-ignited system used by most gasoline vehicles. In such vehicles, fuel is injected into the combustion chamber and ignited by the high temperature achieved when gas is greatly compressed. |
| Gasoline | It includes vehicles that use gas/petrol as their primary fuel. A gasoline car typically uses a spark-ignited internal combustion engine. In such vehicles, fuel is injected into either the intake manifold or the combustion chamber, where it is combined with air, and the air/fuel mixture is ignited by the spark from a spark plug. |
| LPG | It includes vehicles that use LPG as their primary fuel. Both dedicated and bi-fuel LPG vehicles are considered under the scope of the study. |
| CNG | It includes vehicles that use CNG as their primary fuel. These are vehicles that operate like gasoline-powered vehicles with spark-ignited internal combustion engines. |
| HEV | All the electric vehicles that use batteries and an internal combustion engine (ICE) as their primary source for propulsion are considered under this category. HEVs generally use a diesel-electric powertrain and are also known as hybrid diesel-electric vehicles. An HEV converts the vehicle momentum (kinetic energy) into electricity that recharges the battery when the vehicle slows down or stops. The battery of HEV cannot be charged using plug-in devices. |
| PHEV | PHEVs are powered by a battery as well as an ICE. The battery can be charged through either regenerative breaking using the ICE or by plugging into some external charging source. PHEVs have a better range than BEVs but are comparatively less eco-friendly. |
| Hatchback | These are compact-sized cars with a hatch-type door provided at the rear end. |
| Sedan | These are usually two- or four-door passenger cars, with a separate area provided at the rear end for luggage. |
| SUV | Popularly known as SUVs, these cars come with four-wheel drive, and usually have high ground clearance. These cars can also be used as off-road vehicles. |
| MPV | These are multi-purpose vehicles (also called minivans) designed to carry a larger number of passengers. They carry between five and seven people and have room for luggage too. They are usually taller than the average family saloon car, to provide greater headroom and ease of access, and they are usually front-wheel drive. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all its reports.
- Step-1: Identify Key Variables: To build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built based on these variables.
- Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. Market revenue is calculated by multiplying the sales volume with their respective average selling price (ASP). While estimating ASP factors like average inflation, market demand shift, manufacturing cost, technological advancement, and varying consumer preference, among others have been taken into account.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms.
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