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Electric Two-Wheeler Market Highlights:The global electric two wheeler market includes a number of key players, including Hero Electric (India), Jiangsu Xinri E-Vehicle Co., Ltd. (China), Vmoto Limited (Australia), Zero Motorcycles Inc. (U.S.), Hybike (China), YO bykes (India), F-wheel DYU (China), Robstep (China), Yadea Tech. Group Co., Ltd. (China), Ampere Vehicles Private Ltd. (India), and others.
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Electric Two-Wheeler Market Drivers and Restraints:
The global electric two-wheeler market is slated to grow at a moderate pace throughout the forecast period of 2017 to 2023 as per the study conducted by the team of Market Research Future (MRFR).
The imperative need for curbing down carbon emissions have helped the electric two-wheeler market to expand and grow. The number of key initiatives undertaken by governments across the globe to reduce carbon footprint acts as a key driver of the market. Some of the other key factors aiding the expansion of the market are low maintenance cost and cost related to fuel. It is also worth mentioning that the burgeoning innovations in the battery industry are anticipated to push the electronic two-wheeler market during the forthcoming years of the forecast period.
Global Electric Two-Wheeler Market Segments Analysis:
The global electric two-wheeler market segmentation is divide on the basis of the following components: type, battery type, and voltage.
By voltage, the market segments into 24V, 36V, 48V, and more than 48V. Among these voltage segments, the 48V and more than 48V segment accounts for the highest share globally. The market is expected to experience significant growth during the forecast period.
By type, the market divides into electric scooters and electric motorcycles. As per the study undertaken in 2016, the electric scooters segment holds the largest share of the globular market due to a number of key factors. This includes the increasing sale volume scooters in developing nations like India and China. Additionally, the proliferating growth in technological innovations combined with strict environmental regulations across the globe is projected to aid the electric two-wheeler market growth in the coming years.
By battery type, the market includes Li-ion, sealed lead acid, and others. Due to the increasing efficiency it offers and the advantages of lithium-ion battery packs, manufacturers of electric two-wheelers are gradually switching towards the same. Owing to this shifting popularity, the li-ion segment is expected to hold the largest share of the market in the coming years of the forecast period.
Global Electric Two-Wheeler Market Regional Analysis:
Geographically, the global electric two-wheeler market covers the following regions: North America, Europe, Asia Pacific, and the Rest of the World (RoW).
The Asia Pacific region stood tall globally as per the 2017 conducted study. Moreover, the region is expected to hold on to its position in the global landscape and grow at an impressive pace during the forecast period. This is due to the shifting preference towards e-vehicles in emerging economies like Taiwan and China.
China is in particular seen as a major contributor to the overall revenue generation of the region. This is due to the rising number of favorable government regulations undertaken therein, one which has augmented the demand and adoption of electric two wheelers. In India, the situation is rather at a nascent stage for the electric two wheeler market. At present, there are more than 400,00 electric two wheelers on the streets of India. However, among them, 95% of them are low speed electric scooters that have a limited speed cap of 25km per hour. The country is expected to garner increasing growth and expansion in the coming years and contribute significantly to the overall growth of the Asia Pacific region.
The North American regional market is another key area in the global landscape. The region is expected to register an upward shift in the coming years of the forecast period owing to the early adoption and advancement of technology in the region.
The European region is identified to stand third in the global electric two-wheeler market and is expected to showcase continued growth during the projected period owing to the concentration of major players and the new growth strategies employed by them. Lastly, the Rest of the World region is slated to witness steady growth in the coming years owing to the limited penetration of the market.
Report Overview:
The report for Global Electric Two-Wheeler Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Industry News:
April 30th, 2019, a startup that was incubated by the Institute of Technology in Hyderabad has developed a high performance, long range electric two-wheeler that is designed precisely for the Indian conditions. The PURE EV product is slated to be launched commercially across the country very soon.
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 BARGAINING POWER OF SUPPLIERS
3.1.4 THREAT OF SUBSTITUTES
3.1.5 SEGMENT RIVALRY
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
Continued…
List Of Tables:
TABLE 1 ELECTRIC TWO-WHEELER MARKET: BY REGION, 2017-2023
TABLE 2 NORTH AMERICA ELECTRIC TWO-WHEELER MARKET: BY COUNTRY, 2017-2023
TABLE 3 EUROPE ELECTRIC TWO-WHEELER MARKET: BY COUNTRY, 2017-2023
TABLE 4 ASIA PACIFIC ELECTRIC TWO-WHEELER MARKET: BY COUNTRY, 2017-2023
TABLE 5 ROW ELECTRIC TWO-WHEELER MARKET: BY COUNTRY, 2017-2023
TABLE 6 GLOBAL ELECTRIC TWO-WHEELER MARKET, BY TYPE, BY REGIONS, 017-2023
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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Release ID: 510322
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