According to TechSci Research report, “Global Electric Two-Wheeler Market By Vehicle Type, By Battery Capacity, By Battery Type, By Region, Competition Forecast & Opportunities, 2013-2023”, the global electric two-wheeler market is projected to cross $ 14 billion by 2023. Anticipated growth in the global electric two-wheeler market is led by growing demand for electric two-wheelers coupled with rising government support and initiatives to promote use of electric two-wheelers across the globe. In addition, rising disposable income in emerging economies like India and China is further encouraging people to buy electric two-wheelers.
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In 2017, scooter/moped segment dominated the global electric two-wheeler market with more than 85% volume share. The dominance of electric scooters/mopeds is backed by growing number of female drivers. Electric two-wheeler market is largely concentrated in the Asia-Pacific region owing to the region’s massive two-wheeler sales. Two-wheelers are widely preferred in Asia-Pacific mainly due to their low cost. Moreover, high population density in the region and rising urbanization in emerging economies is further contributing to the growing demand for two-wheelers. Asia-Pacific region is followed by Europe, which accounted for the second largest share in the global electric two-wheeler market in 2017.
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Yadea is the leading player in the global electric two-wheeler market owing to its strong dealership and distribution network. Other major payers include Aima, Luyuan, and Sunra. “Growth in demand for electric two-wheelers has been witnessed across the globe over the few of years, predominantly owing to several government initiatives to promote the use of electric two-wheelers. Moreover, with continuously rising pollution levels, the need for cleaner automobiles with less emissions is bound to increase in the coming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Electric Two-Wheeler Market By Vehicle Type, By Battery Capacity, By Battery Type, By Region, Competition Forecast & Opportunities, 2013-2023” has analyzed the potential of electric two-wheeler market across the world, and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by global electric two-wheeler market.
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