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Electric Two-Wheeler Market is expected healthy CAGR during the forecast period of 2019-2023. Preference for Eco-Friendly Products and Innovations in Battery Industry to Revolutionize Electric Two-Wheeler Market. Global Electric Two-Wheeler Industry categorized 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 Forecast to 2023.Get Free Sample Copy of Report @ https://www.marketresearchfuture.com/sample_request/5456
Key Players Analysis in This Report:
The worldwide Electric Two-Wheeler Industry consists of players like Ampere Vehicles Private Ltd. (India), Jiangsu Xinri E-Vehicle Co.,Ltd. (China), Hero Electric (India), Vmoto Limited (Australia), and others.
Other companies in the market include Yadea Tech. Group Co., Ltd. (China), Hybike (China), YO bykes (India), Robstep (China), F-wheel DYU (China), Zero Motorcycles Inc. (U.S.), to name a few.
Global Electric Two-Wheeler Market Overview:
Market Research Future (MRFR) anticipates the global Electric Two-Wheeler market to note moderate growth during the forecast period (2017-2023).
Market Drivers and Key Restraints
Electric Two-Wheeler have gained immense popularity in urban transport across various regions all over the world. Some types are electric bicycle, electric motorcycles, and electric scooters. Electric vehicles are highly appealing, given their lightweight and the fact that they can be maneuvered easily through crowded streets. They can also be charged easily with an electrical outlet and often come with a removable or replaceable battery, providing the convenience of charging indoors.
Soaring demand for a favorable regulatory climate with the aim of regulating pollution and environmental conservation are expected to benefit the Electric Two-Wheeler market in the coming years. Rise in stringent regulatory norms gives a significant boost to the adoption of clean energy by reducing greenhouse gas emissions, thereby bringing down the dependence on crude oil. These factors will inevitably elevate the market position during the review period.
Various government bodies of different regions are focusing on providing subsidies and incentives to the original equipment manufacturer (OEMs) and customers in order to lower the Electric Two-Wheeler deployment barriers. The innovations in battery industry are estimated to accelerate electronic two-wheeler market over the next couple of years.
Latest Trends
Increasing development in battery technologies is a significant trend that is penetrating the Electric Two-Wheeler market and will gain further traction in the coming years. For example, advancements in Li-ion batteries have turned Electric Two-Wheeler light-weighted with longer lifespan, compared to lead-acid and valve-regulated lead-acid (VRLA) batteries. Thus, rising concerns with regard to the development of latest battery technologies that boast of longer shelf life, Electric Two-Wheeler manufacturers are indulging in continuous research & development.
Electric Two-Wheeler Market Segmentation Analysis
The Electric Two-Wheeler market has been segmented on the basis of brake type, brake system, and vehicle type.
Type, battery and voltage type are the two primary segments as per which the global Electric Two-Wheeler market has been categorized into by the MRFR report.
With regard to the type, the market includes electric scooters and electric motorcycles. In 2016, the electric scooters market segment held the largest share, due to high sales of scooters in developing countries like India and China. In addition, surge in technological innovations, as well as stringent environmental regulations around the world, stimulate the growth of the Electric Two-Wheeler market.
The battery types mentioned in the report are sealed lead acid, Li-ion, and others. Previously, sealed lead-acid batteries had gained immense traction due to their benefits like low costs and robustness. However, bulkiness and overheating of these batteries while charging led to a decline in their sale. But, with high efficiency and a host of advantages of lithium-ion battery packs, Electric Two-Wheeler manufacturers are now opting for them. Therefore, li-ion battery type will be rising to the top position in the market, with the highest share.
Voltage-wise, the market includes 36V, 24V, 48V, more than 48V. Out of these, 48V and more than 48V segments’ share in the market was the largest in 2017 and are expected to note considerable growth in the years to come.
Electric Two-Wheeler Market Detailed Regional Analysis:
The Electric Two-Wheeler market is spread across the regions of North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).
APAC was identified as the leading market for Electric Two-Wheeler in 2017, on account of the established vehicle charging infrastructure in China and Taiwan. Increasing government focus on electric vehicles coupled with frequent technological innovations in electric vehicles. Besides, growing pollution levels, higher battery efficiency combined with stringent government norms regarding vehicle emission standards can do wonders for the APAC market soon.
Researches indicate that North America can emerge as a significant region during the appraisal period. Immense popularity of Electric Two-Wheeler sharing fleet is boosting market demand in the region. Electric Two-Wheeler sharing service in North America is noting rapid development and has been in a constant state of evolution in the past couple of years. Also, strong support by the government, including financial and non-financial incentives to procure these vehicles, and a large commuter base work in favor of the market in the region.
Rising greenhouse gas (GHG) emissions along with favorable government policies for promoting the use of electric vehicles will benefit the Europe market. Increasing affordability of Electric Two-Wheeler combined with growing preference for cleaner automobiles boosts market demand in the region. Improvements in battery technology also augments sales of these vehicles in the region.
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
Continued...
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Website: https://www.marketresearchfuture.com/reports/electric-two-wheeler-market-5456
Release ID: 88924835
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