Electric Two-Wheeler Market – 2019 Global Industry Analysis By Size, Growth, Merger, Share, Trends, Revenue, And Regional Forecast To 2023
Electric Two-Wheeler Market to rise at highest CAGR and reach remarkable value by 2023, according to “Global Electric Two-Wheeler Market – Industry Forecast To 2023 Research Report” published by Market Research Future. Electric Two-Wheeler Market by Type, Battery Type and Region.
Pune, India – July 10, 2019 /MarketersMedia/ —
Electric Two-Wheeler Market to rise at highest CAGR and reach remarkable value by 2023, according to “Global Electric Two-Wheeler Market – Industry Forecast To 2023 Research Report” published by Market Research Future. Electric Two-Wheeler Market segmented by Type (Electric Motorcycles and Electric Scooters), Battery Type (Sealed lead Acid, Li-ion, and Others), Voltage (36V, 24V, 48V, More than 48V) and Region.
The global electric two-wheeler market hosts players like YO bykes (India), Vmoto Limited (Australia), Yadea Tech. Group Co., Ltd. (China), Jiangsu Xinri E-Vehicle Co., Ltd. (China), Hero Electric (India), F-wheel DYU (ChinaRobstep (China), Hybike (China), Zero Motorcycles Inc. (U.S.), Ampere Vehicles Private Ltd. (India), and others.
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Market Overview:
Global Electric Two-Wheeler Market to Garner Increasing Demand in the Coming Years. Increasing Demand in China to Boost the Two-Wheeler Market. Awareness Concerning the Environment to Accelerate the Growth of the Global Two-Wheeler Market.
The demand for electric two-wheeler is expected to increase at a consistent pace in the coming years. Growing awareness about the environment and its efficiency-level are expected to drive its demand. Additionally, increasing technological advancements in the automobile sector is opening the door of opportunities for the global electric two-wheeler market. The global electric two-wheeler, as stated by Market Research Future (MRFR), will garner notable growth over the forecast period.
Market Segmentation:
The global electric two-wheeler market segmentation is based on the following key components: type, voltage, and battery type.
By type, the market segments into electric motorcycles and electric scooters. As per the last report of 2016, electric scooters segment held the highest share of the market. This is due to increasing sales percentage of scooters in developing nations like China and India. Add to this, the growing number of technological innovations as well as the number of stringent regulations concerning the environment in the world is contributing to the growth of this segment.
By battery type, the market includes Li-ion, sealed lead acid, and others. Until recently, sealed lead acid batteries were used for its unique benefits like low pricing level and robustness. However, these batteries have the disadvantage of being overheated and bulky due to charging. It makes them discharge in quick fashion without even handling heavy loads. On the other side, with better efficiency level and a wide pool of advantages, the lithium-ion battery segment is becoming more and more popular in the electric two-wheeler market. Due to this, the li-ion segment is expected to enjoy a larger share of the market over the coming years.
By voltage, the market divides into 48V, 36V, 24V, and more than 48V. The 48V and more than 48V segment held a major share of the market back in 2017 and is expected to experience consistent growth over the forecast period. The high voltage levels of such batteries provide cost-effective opportunities for the hybridization of vehicles.
Regional Analysis:
The electric two-wheeler market is geographically distributed across the following key regions: Europe, Asia Pacific, North America, and the Rest of the World (RoW).
The Asia Pacific regional market led the global chart back in 2017 with the highest share. This was primarily due to the rapid shift in preference towards e-vehicles in some of the emerging nations in this region like Taiwan and China. While, the North American regional market is projected to grow at a notable pace in the coming years due to the initial stage adoption of the technology herein.
China is the biggest contributor to the Asia Pacific market and the same is expected to continue in the coming years. The growing number of favorable government initiatives undertaken has increased the adoption of electric two-wheelers in this region. With China facing severe premature mortality rate owing to the harmful air pollution, the government has started encouraging the use of electric vehicles. This has massively fueled the market growth of the Asia Pacific region. Elsewhere in India, the market is at a foundling stage. At present, an approximated figure of more than 400,000 electric two-wheelers are on Indian roads. Among them, 95% are low-speed electric scooters, which have a speed limit of less than 25km/hr.
Competitive Landscape:
June 2019, Li-ions Elektrik Solutions Pvt. Ltd., a leading manufacturer of electric vehicles with modern technologies, announced the launch of its new vehicle. The company launched a high-speed electric two-wheeler vehicle named Spock. The vehicle is one of the kinds and is specifically designed to be an environmentally friendly transport solution.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1 PORTER’S FIVE FORCES ANALYSIS
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
5 GLOBAL ELECTRIC TWO WHEELER MARKET, BY TYPE
5.1 INTRODUCTION
5.2 ELECTRIC MOTORCYCLES
5.2.1 MARKET ESTIMATES & FORECAST, 2017-2023
5.2.2 MARKET ESTIMATES & FORECAST BY REGION, 2017-2023
5.3 ELECTRIC SCOOTERS
5.3.1 MARKET ESTIMATES & FORECAST, 2017-2023
5.3.2 MARKET ESTIMATES & FORECAST BY REGION, 2017-2023
Continued…
LIST OF FIGURES:
FIGURE 1 RESEARCH PROCESS OF MRFR
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH
FIGURE 3 MARKET DYNAMICS
FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS
FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS
FIGURE 6 PORTER’S FIVE FORCES ANALYSIS
FIGURE 7 VALUE CHAIN ANALYSIS
Continued…
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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