Why to Choose Our Electric Two Wheeler Market Research Report?
On a regional, or national level, MarkNtel Advisors focuses on providing carefully curated research reports that address specific sectors & growing locations. The ” Electric Two Wheeler Market Research Report,” our most recent product, thoroughly covers all important aspects of the market. It provides accurate information and statistics while delivering a clear and insightful outlook on the market. The report provides a succinct description of the good or service, a detailed analysis of its uses and advancements, and an exhaustive analysis of its principal rivals. We also examine the elements fueling the market’s development, pinpoint possible growth prospects, and list the factors preventing it from moving forward.
The Electric Two Wheeler market is projected to grow at a CAGR of around 25.57% during the forecast period 2023-28.
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Primary Parameters as per Which the Data is Cited:
-Period & Statistics
- Historical Period: 2018-21
- Base Year: 2022
- Forecast Years: 2023-28
- Units: USD Million/Billion
-Focused on both primary & secondary research methodologies to attain precise & reliable information.
-Detailed examination of the historical, present, and future period, supported with the accentuating developments by the industry players.
-Stressed upon various verticals & segmentations and their role in achieving the projected growth rate.
-Special addition of SWOT analysis & Porter’s five forces analysis to curate an accurate path of the industry.
-Stresses upon the top down & bottom up approach to appraise numerous divisions & deliver unbiased assessment.
Electric Two Wheeler Market Dynamics
“Electric Two Wheeler Market Analysis, 2023” research report entails a detail-oriented analysis of aspects like the Covid-19 impact, segmentation analysis, country/regional landscape, recent developments, demand & supply chain, and product/service pricing, among others, driving the market expansion across different segments & geographies. This section aims solely to enlighten the stakeholders & the leading players to plan & lay out new strategies for expanding their visibility, product portfolio, & customer base and generating significant revenues in the coming years.
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.
Exploring the Segmentations of the Electric Two Wheeler Industry
We do a deep analysis of each segment and its sub-segments to provide a thorough insight of the Electric Two Wheeler Market. This report’s section provides a thorough study of size and volume based on numerous classifications. Our goal is to help our esteemed clients uncover the critical elements driving the industry’s expansion and empower them to improve their end-user positioning, strategic choices, and income generation.
The Key Market Segments are 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
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Key Competitors in the Electric Two Wheeler Market
The Electric Two Wheeler Market will be thoroughly examined in this part, along with evaluations of the major players and regional and national markets. The sector is expanding as a result of the market’s high level of competition from a wide range of rivals who are consistently providing cutting-edge and profitable solutions.
The Key Competitors are as follows: –
-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
Exploring the Regions/Countries!
To inform the stakeholders about the state of the market in each of the areas, our skilled researchers and analysts employ all of their expertise in addition to providing a complete picture of each nation and region.
In terms of geography, the industry covers:
By Region
-North America
-Latin America
-Europe
-The Middle East & Africa
Electric Two Wheeler Market Research Report:
- What is the estimated size, share, & CAGR of the Electric Two Wheeler Market in the forecast period?
- What are the key trends projected to impact the Electric Two Wheeler Market during 2023-28?
- What are the different segments & sub-segments considered in the Electric Two Wheeler Market research study?
- Who are the key stakeholders and players participating in the Electric Two Wheeler Market?
- What would be the demand for different types of products/services in the Electric Two Wheeler Market through 2028?
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Note: The Electric Two Wheeler MARKET can further be customized with multi-dimensional, deep-level, & high-quality insights as per the specific requirements of clients to help them garner the industry’s prospects, effortlessly encounter market challenges, adequately formulate different strategies, and make sound decisions to remain competitive in the market.
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