Japan electric two-wheeler market is estimated to grow at a considerable CAGR during the forecast period. The declining price of lithium-ion batteries, rapidly increasing adoption of Electric Vehicles (EVs), and the increasing renewable energy sector are the key factors to make a considerable contribution towards the growth of the electric two-wheeler market in the country. Japan is one of the members of the EV30@30 Campaign that aims to accelerate the deployment of EVs. In 2018, the country had set a target of 15-20% EV sales in Passenger Light-duty Vehicles (PLDVs) by 2020 and 20-30% by 2030, which is further supporting the deployment of electric two-wheelers market in the country.

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The market is segmented on the basis of Two-Wheeler type, battery type, and battery technology. Based on the product type, the market is sub-segmented into electric scooters and electric motorcycles. Based on the battery type, the market is sub-segmented into NiMH, Li-Ion, and others. The decline in cost of li-ion battery and inherent benefits offered by these batteries including smaller size, lighter weight, and higher energy density is anticipated to drive the market share of these batteries. Based on battery technology, the market is sub-segmented into battery-electric two-wheelers and plug-in hybrid electric two-wheelers.

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Japan Electric Two-Wheeler Market Segmentation

By Product Type

Scooter

Motorcycle

By Battery Type

NiMH

Li-ion

Others

By Battery Technology

Battery Electric Vehicles

Plug-in Hybrid Electric Vehicle

Company Profiles

Bridgestone Corp.

Fujikom Corp. Co., Ltd.

Okinawa Autotech Pvt. Ltd.

Panasonic Corp.

Terra Motors Corp.

Yamaha Motor Co. Ltd.

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