Prominent Features of the Electric Two Wheeler Market Report for 2028
MarkNtel Advisors has recently published a research report titled Electric Two Wheeler Market for the forecast year, 2023-28. MarkNtel Advisors is a prominent provider of market research and business intelligence solutions. Our extensive range of reports and services caters to the needs of businesses, investors, and professionals seeking informed decision-making in dynamic and competitive markets.
Insights into the Electric Two Wheeler Market
According to the analysis conducted by MarkNtel Advisors, The Global Electric Two Wheeler Market is projected to grow at a CAGR of around 25.57% during the forecast period, i.e., 2023-28 Electric Two Wheeler Market. In the midst of rapid transformations within the Electric Two Wheeler market, it is imperative for businesses and investors to maintain a strategic advantage. Our report provides an in-depth examination of key market players, potential opportunities, and valuable insights, equipping our clients with the necessary information to make well-informed decisions amidst this dynamic environment.
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Market Dynamics
Global Electric Two Wheeler Market Key Driver: Expansion of E-scooter & E-motorcycle Rentals to Serve Tourists Drives the Market
Tourism is one of the major factors boosting the sales globally, as rental electric two-wheelers are the most preferred choice for tourists to visit the city hassle free on their own. Globally, the demand for these vehicles is being driven by urbanization, digitalization, micro-mobility, traffic congestion, and the cost of owning & maintaining bikes.
The tourist cities like Bali, Kuala Lumpur, Madrid, Delhi, etc., across the world, are facing traffic congestion & pollution caused by rapid urbanization that puts a lot of pressure on the public transport system. Therefore, the consumer prefers the rental electric two-wheeler as it offers hassle-free movement at a competent cost than renting a four-wheeler for the same purpose. As a result of the growing demand, various start-ups, such as Revel, City Scoot, Cooltra, VOGO, etc., that provide QR-based dockless services are increasingly expanding worldwide to gain significant revenues.
Thus, the expansion of e-scooter & motorcycle renting companies are notably driving the sales and is anticipated to continue to support the revenue expansion of the market in the upcoming years as well.
Lucrative Segments in the Electric Two Wheeler Market
Clients seeking to enhance their returns in this market must make informed decisions. Keeping this in mind, our analysis examines potential investment hubs by considering projected demand, anticipated returns, profit margins, and market stability.
The Electric Two Wheeler Market is highly fragmented and bifurcates into the following segmentations:
By VehicleType
-Scooter/Moped
-Motorcycle
- Among them, Electric Scooters/Mopeds dominated the Electric Two Wheeler market owing to the cost-competitiveness of e-scooter & mopeds compared to motorcycles & ease of maintenance.
By Application
-Personal Use
-Commercial Use
By Drive Type
-Off road
-Urban
By Travel Range
-Up to 100 Km
-101 to 150 Km
-More than 150
By Battery Type
-Lead Acid
-Lithium Ion
By Battery Capacity
-< 2 kWh
-2-2.5 kWh
-> 2.5 kWh
By Tire Size
-3.50 x 17
-90/90-12
-5.5 x 17
-120/70 ZR17
-100/70-17
-90/90-14
-3.00-10
-110/70-12
-90/90-10
-110/80-14
-3.50-10
-120/70-12
-Others
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By Region
-North America
-Latin America
-Europe
-The Middle East & Africa
-Asia Pacific
-South East Asia
- Southeast Asia region observed considerable growth in the historical years due to the increasing incentives of the government of Southeast Asian countries to provide subsidies & flexible grants for the purchase of electric two-wheelers.
Competitive Landscape of Electric Two Wheeler Market
The key players profiled in the research report are Hero Electric Vehicles Private Limited, Okinawa Autotech International Private Limited, Energica Motor Company S.P.A., AIMA Technology Group Co. Ltd., Yadea Technology Group Co., Ltd, Terra Motors Corporation, Zero Motorcycles Inc., Honda Motor Co., Ltd., Dongguan Tailing Electric Vehicle Co., Ltd., Silence Urban Ecomobility, emcoelectroroller GmbH, Vmoto Limited, Jiangsu Xinri E-Vehicle Co.,Ltd, GOVECS AG, Others., We at MarkNtel Advisors, diligently identify and analyze each and every prominent player, including their new product launch, merger in recent years, acquisitions, and collaborations if any. This aids our clients in making better projections and staying competitive in the market.
Customization Services
MarkNtel Advisors offer customization services on reports to the stakeholders & investors, covering all the relevant aspects required in a comprehensive, unbiased, accurate, & reliable manner. It aims principally to enable the players to curate all the fundamentals underlying the market potential in the future & make informed decisions & strategies.
Frequently Asked Questions
- What is the projections in CAGR for the forecast period?
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- In what ways has technology impacted the Electric Two Wheeler Market environment?
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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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