Electric Two-wheeler Automotive Market by Product Type, Technology, Voltage, Distance Covered, Sales Channel, Application

Description

List of Tables

The Electric Two-wheeler Automotive Market was valued at USD 32.04 billion in 2023, expected to reach USD 35.35 billion in 2024, and is projected to grow at a CAGR of 10.55%, to USD 64.70 billion by 2030.

The electric two-wheeler automotive market encompasses vehicles such as electric scooters, bikes, and mopeds driven by an electric motor, as opposed to conventional internal combustion engines. This market is driven by the increasing need for sustainable transportation solutions, rising urbanization leading to traffic congestion, and supportive policy measures facilitating electric vehicle adoption, such as subsidies and tax incentives. It caters to both personal mobility and micro-mobility services, making electric two-wheelers ideal for short urban trips. The end-use scope is broad, embracing individual consumers, rental agencies, and last-mile delivery services seeking lower operational costs.

KEY MARKET STATISTICS
Base Year [2023]	USD 32.04 billion
Estimated Year [2024]	USD 35.35 billion
Forecast Year [2030]	USD 64.70 billion
CAGR (%)	10.55%

Key growth factors include technological advancements in battery efficiency, decreasing battery costs, and heightened environmental awareness among consumers, which thrust the electric two-wheeler market forward. Additionally, robust growth in charging infrastructure and partnerships among stakeholders further bolster this sector. Potential opportunities lie in emerging economies with expanding urban demographics where regulatory bodies are focusing on reducing pollution, offering ripe markets for expansion. Recommendations to seize these opportunities include forming strategic alliances with local businesses and governments to enhance distribution and customizing products to fit local market demands.

However, challenges such as high upfront costs, limited range, longer charging times, and the absence of comprehensive charging infrastructure in some regions still hinder growth. Moreover, market penetration may struggle against consumer skepticism regarding performance and reliability compared to traditional options.

To overcome these limitations, innovation should focus on enhancing battery life, fast-charging technology, and developing lightweight materials to improve vehicle efficiency. Moreover, advancing connectivity features to integrate with urban transport ecosystems could differentiate product offerings. Undertaking local market studies will also yield insights into consumer preferences and pain points, allowing stakeholders to tailor their products effectively. The electric two-wheeler market is inherently dynamic, characterized by rapid technological change and evolving regulatory landscapes promising substantial growth opportunities for innovative and adaptive businesses.

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Electric Two-wheeler Automotive Market

The Electric Two-wheeler Automotive Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Increasing awareness about the harmful effects of gasoline and diesel vehicles
- Government incentives and subsidies for electric two-wheeler
- Rising customer demand for electric bikes for recreational and adventurous activities
Market Restraints
- Limited range and longer charging times associated with electric two-wheeler automotive
Market Opportunities
- Introduction of new generation electric scooters and bikes
- Advancements in battery technologies with the rising development of charging stations
Market Challenges
- Technical and battery issues with electric motorcycles & scooters

Porter's Five Forces: A Strategic Tool for Navigating the Electric Two-wheeler Automotive Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Electric Two-wheeler Automotive Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Electric Two-wheeler Automotive Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Electric Two-wheeler Automotive Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Electric Two-wheeler Automotive Market

A detailed market share analysis in the Electric Two-wheeler Automotive Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Electric Two-wheeler Automotive Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Electric Two-wheeler Automotive Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Electric Two-wheeler Automotive Market

A strategic analysis of the Electric Two-wheeler Automotive Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Electric Two-wheeler Automotive Market, highlighting leading vendors and their innovative profiles. These include AIMA Technology Group Co., Ltd., Ather Energy Pvt. Ltd., AVON Cycles Ltd., Bajaj Auto Limited, Dongguan Tailing Electric Vehicle Co., Ltd., eBikeGo, Electrotherm Limited, Emflux Motors, Energica Motor Company, GOVECS AG, Greaves Electric Mobility Private Limited, Harley-Davidson, Inc., Hero Electric Vehicles Pvt. Ltd., Honda Motor Co., Ltd., Jindal Mobilitric Private Limited, Johammer E-Mobility GmbH, Lohia Auto, Nexzu Mobility Ltd, Okinawa Autotech Pvt Ltd., Ola Electric Mobility, Revolt Intellicorp Private Limited, Torrot Electric Europa S.A., TVS Motor Company Ltd., Vmoto Limited, and Yadea Group Holdings Ltd..

Market Segmentation & Coverage

This research report categorizes the Electric Two-wheeler Automotive Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Product Type, market is studied across E-Motorcycle, E-Scooter or Moped, and Speed Pedelecs.
Based on Technology, market is studied across Batteries and Plug-In. The Batteries is further studied across Lithium-Ion Batteries and Sealed Lead Acid Batteries.
Based on Voltage, market is studied across 24V, 36V, 48V, and Greater than 48V.
Based on Distance Covered, market is studied across 76-100 Miles, Above 100 Miles, and Below 75 Miles.
Based on Sales Channel, market is studied across Distributor Sale, OEM Sale, and Online Sale.
Based on Application, market is studied across Commercial and Private.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-B13070C27394

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing awareness about the harmful effects of gasoline and diesel vehicles
  - 5.1.1.2. Government incentives and subsidies for electric two-wheeler
  - 5.1.1.3. Rising customer demand for electric bikes for recreational and adventurous activities
- 5.1.2. Restraints
  - 5.1.2.1. Limited range and longer charging times associated with electric two-wheeler automotive
- 5.1.3. Opportunities
  - 5.1.3.1. Introduction of new generation electric scooters and bikes
  - 5.1.3.2. Advancements in battery technologies with the rising development of charging stations
- 5.1.4. Challenges
  - 5.1.4.1. Technical and battery issues with electric motorcycles & scooters
5.2. Market Segmentation Analysis
- 5.2.1. Product Type: Growing usage of e-scooters for city commutes, quick errands, and short-distance travel
- 5.2.2. Application: High potential for electric two-wheeler automotive across the private sector due to its comfort, style, and technology
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Electric Two-wheeler Automotive Market, by Product Type

6.1. Introduction
6.2. E-Motorcycle
6.3. E-Scooter or Moped
6.4. Speed Pedelecs

7. Electric Two-wheeler Automotive Market, by Technology

7.1. Introduction
7.2. Batteries
- 7.2.1. Lithium-Ion Batteries
- 7.2.2. Sealed Lead Acid Batteries
7.3. Plug-In

8. Electric Two-wheeler Automotive Market, by Voltage

8.1. Introduction
8.2. 24V
8.3. 36V
8.4. 48V
8.5. Greater than 48V

9. Electric Two-wheeler Automotive Market, by Distance Covered

9.1. Introduction
9.2. 76-100 Miles
9.3. Above 100 Miles
9.4. Below 75 Miles

10. Electric Two-wheeler Automotive Market, by Sales Channel

10.1. Introduction
10.2. Distributor Sale
10.3. OEM Sale
10.4. Online Sale

11. Electric Two-wheeler Automotive Market, by Application

11.1. Introduction
11.2. Commercial
11.3. Private

12. Americas Electric Two-wheeler Automotive Market

12.1. Introduction
12.2. Argentina
12.3. Brazil
12.4. Canada
12.5. Mexico
12.6. United States

13. Asia-Pacific Electric Two-wheeler Automotive Market

13.1. Introduction
13.2. Australia
13.3. China
13.4. India
13.5. Indonesia
13.6. Japan
13.7. Malaysia
13.8. Philippines
13.9. Singapore
13.10. South Korea
13.11. Taiwan
13.12. Thailand
13.13. Vietnam

14. Europe, Middle East & Africa Electric Two-wheeler Automotive Market

14.1. Introduction
14.2. Denmark
14.3. Egypt
14.4. Finland
14.5. France
14.6. Germany
14.7. Israel
14.8. Italy
14.9. Netherlands
14.10. Nigeria
14.11. Norway
14.12. Poland
14.13. Qatar
14.14. Russia
14.15. Saudi Arabia
14.16. South Africa
14.17. Spain
14.18. Sweden
14.19. Switzerland
14.20. Turkey
14.21. United Arab Emirates
14.22. United Kingdom

15. Competitive Landscape

15.1. Market Share Analysis, 2023
15.2. FPNV Positioning Matrix, 2023
15.3. Competitive Scenario Analysis
- 15.3.1. TVS Motor Company Expands Electric Two-Wheeler Portfolio Amid Rising Market Demand
- 15.3.2. Jindal Mobilitric's Strategic Expansion into the Electric Two-Wheeler Market
- 15.3.3. Strategic Collaboration Between Acer and eBikeGo: Unveiling of the MUVI 125 4G Electric Bike
15.4. Strategy Analysis & Recommendation

Companies Mentioned

1. AIMA Technology Group Co., Ltd.
2. Ather Energy Pvt. Ltd.
3. AVON Cycles Ltd.
4. Bajaj Auto Limited
5. Dongguan Tailing Electric Vehicle Co., Ltd.
6. eBikeGo
7. Electrotherm Limited
8. Emflux Motors
9. Energica Motor Company
10. GOVECS AG
11. Greaves Electric Mobility Private Limited
12. Harley-Davidson, Inc.
13. Hero Electric Vehicles Pvt. Ltd.
14. Honda Motor Co., Ltd.
15. Jindal Mobilitric Private Limited
16. Johammer E-Mobility GmbH
17. Lohia Auto
18. Nexzu Mobility Ltd
19. Okinawa Autotech Pvt Ltd.
20. Ola Electric Mobility
21. Revolt Intellicorp Private Limited
22. Torrot Electric Europa S.A.
23. TVS Motor Company Ltd.
24. Vmoto Limited
25. Yadea Group Holdings Ltd.