Market Overview:
The electric two-wheeler market is experiencing rapid growth, driven by environmental concerns, technological advancements, and urbanization and traffic congestion. According to IMARC Group's latest research publication, “Electric Two-Wheeler Market Report by Vehicle Type (Electric Scooter/Moped, Electric Motorcycle), Battery Type (Lithium-Ion, Sealed Lead Acid (SLA)), Voltage Type (<48V, 48-60V, 61-72V, 73-96V, >96V), Peak Power (<3 kW, 3-6 kW, 7-10 kW, >10 kW), Battery Technology (Removable, Non-Removable), Motor Placement (Hub Type, Chassis Mounted), and Region 2025-2033“. The global electric two-wheeler market size was valued at USD 44.5 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 114.3 Billion by 2033, exhibiting a CAGR of 11.0% during 2025-2033.
This detailed analysis primarily encompasses industry size, business trends, market share, key growth factors, and regional forecasts. The report offers a comprehensive overview and integrates research findings, market assessments, and data from different sources. It also includes pivotal market dynamics like drivers and challenges, while also highlighting growth opportunities, financial insights, technological improvements, emerging trends, and innovations. Besides this, the report provides regional market evaluation, along with a competitive landscape analysis.
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Our report includes:
- Market Dynamics
- Market Trends And Market Outlook
- Competitive Analysis
- Industry Segmentation
- Strategic Recommendations
Factors Affecting the Growth of the Electric Two-Wheeler Industry:
- Environmental Concerns:
The two electric wheels produce zero emissions but their fossil fuel counterpart releases pollutants like CO2, NOx, and PM. Thus the improved air quality complemented by a reduction in pollution will be due to the electric two-wheeler, translating to better public health and reduced impact of transportation on the environment. Switching from conventional to electric two-wheated engines, which rely on electricity from renewable sources, gives a global opportunity to reduce the carbon footprint and enhance climate change adaptation.
- Technological Advancements:
While batteries, and in particular lithium-ion batteries, have developed in their energy density, speeds of charge/discharge, or performance whatsoever, electric two wheels are now turning out ever-increasing longer range, shorter charging intervals, and even more durability, affording them even more usability to prospective buyers. Additionally, the benefits are further enhanced performance and range by the continuous improvements being made on and efficiencies of electric motors.
- Urbanization and Traffic Congestion:
These are multifarious problems associated with the increasing urbanization; Increased commotion leads to more time being spent on roads, increased fuel consumption, and increased air pollution. Two-wheelers, including electric ones, are compact and extremely agile, thus allowing the rider to avoid blocked traffic while reaching his destination faster. Hence electric two-wheelers seem beneficial for urban commuting in this time-conscious world when people usually travel in heavy traffic along with all its stress.
Leading Companies Operating in the Global Electric Two-Wheeler Industry:
- AIMA Technology Co. Ltd.
- Ampere Vehicles Pvt. Ltd.
- BMW AG
- Energica Motor Company S.p.A.
- GOVECS AG
- Hero Electric Vehicles Pvt. Ltd.
- Mahindra GenZe
- Terra Motors Corporation
- Vmoto Limited
- Yadea Technology Group Co. Ltd.
- Zero Motorcycles, Inc.
Electric Two-Wheeler Market Report Segmentation:
By Vehicle Type:
- Electric Scooter/Moped
- Electric Motorcycle
On the basis of the vehicle type, the market has been bifurcated into electric scooter/moped and electric motorcycle.
By Battery Type:
- Lithium-Ion
- Sealed Lead Acid (SLA)
Based on the battery type, the market has been divided into lithium-ion and sealed lead acid (SLA).
By Voltage Type:
- <48V
- 48-60V
- 61-72V
- 73-96V
- >96V
On the basis of the voltage type, the market has been classified into <48V, 48-60V, 61-72V, 73-96V, and >96V.
By Peak Power:
- <3 kW
- 3-6 kW
- 7-10 kW
- >10 kW
Based on the peak power, the market has been segregated into <3 kW, 3-6 kW, 7-10 kW, and >10 kW.
By Battery Technology:
- Removable
- Non-Removable
On the basis of battery technology, the market has been segmented into removable and non-removable.
By Motor Placement:
- Hub Type
- Chassis Mounted
Based on the motor placement, the market has been bifurcated into hub type and chassis mounted.
Regional Insights:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Region-wise, the electric two-wheeler market is divided into Asia Pacific (China, Japan, India, South Korea, Australia, and others), Europe (Germany, France, United Kingdom, Italy, Netherlands, Norway, and others), North America (United States and Canada), Latin America (Brazil, Mexico, and others), and Middle East and Africa (Turkey, Saudi Arabia, Egypt, and others).
Research Methodology:
The report employs a comprehensive research methodology, combining primary and secondary data sources to validate findings. It includes market assessments, surveys, expert opinions, and data triangulation techniques to ensure accuracy and reliability.
Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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