Electric Two-wheeler Automotive
Electric Two-wheeler Automotive Market by Product Type (E-Motorcycle, E-Scooter or Moped, Speed Pedelecs), Technology (Batteries, Plug-In), Voltage, Distance Covered, Sales Channel, Application - Global Forecast 2024-2030
360iResearch Analyst
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[182 Pages Report] The Electric Two-wheeler Automotive Market size was estimated at USD 32.04 billion in 2023 and expected to reach USD 35.35 billion in 2024, at a CAGR 10.55% to reach USD 64.70 billion by 2030.

Electric two-wheeler automotive includes electrically powered two-wheel vehicles, including electric scooters, motorcycles, and bikes. Electric two-wheelers are primarily used for personal mobility, offering a cost-effective and environmentally friendly alternative to traditional internal combustion engine vehicles. The significant end-users include daily commuters, delivery services, and shared mobility platforms in urban and rural areas. Growing concerns about carbon emissions have increased the demand for eco-friendly transportation. The availability of government incentives that offer subsidies and tax rebates is supporting the adoption of electric two-wheeler automotive. Expanding charging infrastructure that reduces range anxiety for EV users further expands the market's growth. Limited range and long charging time compared to fueling conventional vehicles and higher upfront costs despite long-term savings hamper the growth of the market. Integrating intelligent systems such as IoT for smart connectivity features and rising improvements in battery technology and electric motors that increase the range and performance of electric two-wheelers are expected to create opportunities for market growth.

Regional Insights

The Americas is witnessing a steady uptick in adopting electric two-wheelers due to the growing awareness of environmental issues and the availability of supporting infrastructure. The Americas market is driven by a combination of tech-savvy consumers looking for eco-friendly commuting options and state-level incentives that promote EV usage. South American countries are becoming more environmentally conscious, supported by initiatives such as the Zero-Emission Vehicle (ZEV) Program. The European Union (EU) portrays a strong commitment to reducing carbon emissions, with numerous countries imposing strict regulations on internal combustion engines. This regulatory environment and a robust cycling culture propel consumer demand for electric two-wheelers. Western European markets demand a premium, high-performance electric motorcycles, while urban mobility solutions are preferred in denser cities. The latest research in the EU focuses on increasing the efficiency and range of electric two-wheelers parallel to evolving battery swap systems. The Middle East shows burgeoning interest in electric mobility, albeit on a smaller scale than other regions. Factors including oil wealth and high temperatures have traditionally been barriers; however, initiatives, including Dubai's Green Mobility Strategy 2030, indicate a shifting paradigm. The electric two-wheeler market in Africa is growing, particularly in regions grappling with urban air pollution and looking for cost-effective transportation methods. Asia-Pacific is at the forefront of the electric two-wheeler market, with countries including China, India, and Japan leaning towards electric mobility. Consumer needs in this region are primarily driven by persistent air quality concerns, increasing fuel prices, and supportive government policies.

Electric Two-wheeler Automotive Market
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Market Dynamics

The market dynamics represent an ever-changing landscape of the Electric Two-wheeler Automotive Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

  • 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
Market Segmentation Analysis
  • Product Type: Growing usage of e-scooters for city commutes, quick errands, and short-distance travel

    E-motorcycles are fully electrified motorcycles that provide a similar riding experience to traditional motorcycles but with electric engines. They appeal to consumers looking for higher speeds, longer range, and a ride experience comparable to internal combustion engine (ICE) motorcycles. E-motorcycles are suitable for longer commutes and highway use due to their powerful motors and larger battery capacity. E-scooters or mopeds are typically designed for urban use, featuring lower speeds and less range than E-motorcycles. The compact size and ease of maneuverability of E-scooters or mopeds make them ideal for city commutes, quick errands, and short-distance travel. Speed Pedelecs are high-performance electric bicycles capable of speeds up to 45 km/h, placing them between conventional e-bikes and mopeds in terms of speed and performance. They often require registration, insurance, and a driving license in many jurisdictions. This category caters to both leisure cyclists and commuters seeking faster travel over moderate distances without the constraints of vehicle traffic.

  • Application: High potential for electric two-wheeler automotive across the private sector due to its comfort, style, and technology

    In the commercial segment of the electric two-wheeler market, there is a high demand for durable, cost-effective, and low-maintenance vehicles that can be used for delivery services, ride-sharing, or by businesses that require transportation of goods and services. These vehicles are designed with larger cargo capacity, reinforced frames, and extended-range batteries to meet the rigorous demands of commercial usage. They must also be able to navigate urban environments effectively with ease of parking and maneuverability. The private segment refers to electric two-wheelers used for personal transportation. Consumer preferences skew towards style, comfort, convenience, and environmental consciousness. These vehicles range from electric scooters and mopeds to motorcycles, with varying performance, range, and technological features such as smart connectivity and navigation systems.

Market Disruption Analysis

The market disruption analysis delves into the core elements associated with market-influencing changes, including breakthrough technological advancements that introduce novel features, integration capabilities, regulatory shifts that could drive or restrain market growth, and the emergence of innovative market players challenging traditional paradigms. This analysis facilitates a competitive advantage by preparing players in the Electric Two-wheeler Automotive Market to pre-emptively adapt to these market-influencing changes, enhances risk management by early identification of threats, informs calculated investment decisions, and drives innovation toward areas with the highest demand in the Electric Two-wheeler Automotive Market.

Porter’s Five Forces Analysis

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Electric Two-wheeler Automotive Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

Value Chain & Critical Path Analysis

The value chain of the Electric Two-wheeler Automotive Market encompasses all intermediate value addition activities, including raw materials used, product inception, and final delivery, aiding in identifying competitive advantages and improvement areas. Critical path analysis of the <> market identifies task sequences crucial for timely project completion, aiding resource allocation and bottleneck identification. Value chain and critical path analysis methods optimize efficiency, improve quality, enhance competitiveness, and increase profitability. Value chain analysis targets production inefficiencies, and critical path analysis ensures project timeliness. These analyses facilitate businesses in making informed decisions, responding to market demands swiftly, and achieving sustainable growth by optimizing operations and maximizing resource utilization.

Pricing Analysis

The pricing analysis comprehensively evaluates how a product or service is priced within the Electric Two-wheeler Automotive Market. This evaluation encompasses various factors that impact the price of a product, including production costs, competition, demand, customer value perception, and changing margins. An essential aspect of this analysis is understanding price elasticity, which measures how sensitive the market for a product is to its price change. It provides insight into competitive pricing strategies, enabling businesses to position their products advantageously in the Electric Two-wheeler Automotive Market.

Technology Analysis

The technology analysis involves evaluating the current and emerging technologies relevant to a specific industry or market. This analysis includes breakthrough trends across the value chain that directly define the future course of long-term profitability and overall advancement in the Electric Two-wheeler Automotive Market.

Patent Analysis

The patent analysis involves evaluating patent filing trends, assessing patent ownership, analyzing the legal status and compliance, and collecting competitive intelligence from patents within the Electric Two-wheeler Automotive Market and its parent industry. Analyzing the ownership of patents, assessing their legal status, and interpreting the patents to gather insights into competitors' technology strategies assist businesses in strategizing and optimizing product positioning and investment decisions.

Trade Analysis

The trade analysis of the Electric Two-wheeler Automotive Market explores the complex interplay of import and export activities, emphasizing the critical role played by key trading nations. This analysis identifies geographical discrepancies in trade flows, offering a deep insight into regional disparities to identify geographic areas suitable for market expansion. A detailed analysis of the regulatory landscape focuses on tariffs, taxes, and customs procedures that significantly determine international trade flows. This analysis is crucial for understanding the overarching legal framework that businesses must navigate.

Regulatory Framework Analysis

The regulatory framework analysis for the Electric Two-wheeler Automotive Market is essential for ensuring legal compliance, managing risks, shaping business strategies, fostering innovation, protecting consumers, accessing markets, maintaining reputation, and managing stakeholder relations. Regulatory frameworks shape business strategies and expansion initiatives, guiding informed decision-making processes. Furthermore, this analysis uncovers avenues for innovation within existing regulations or by advocating for regulatory changes to foster innovation.

Before accessing the Electric Two-wheeler Automotive Market Research Report published by 360iResearch, we struggled with increasing awareness about the harmful effects of gasoline and diesel vehicles. The comprehensive insights and actionable strategies outlined in the report proved invaluable. We were able to clearly communicate the environmental and economic benefits of transitioning to electric vehicles to our target audience. As a result, we saw a significant increase in customer interest and sales. The report's detailed analysis enabled us to refine our marketing campaigns and position ourselves as leaders in the electric two-wheeler market. Our overall organizational operations have greatly improved thanks to the strategic guidance provided by 360iResearch.
Revolt Intellicorp Private Limited
FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Electric Two-wheeler Automotive Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Electric Two-wheeler Automotive Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments
  • TVS Motor Company Expands Electric Two-Wheeler Portfolio Amid Rising Market Demand

    TVS Motor Company is poised to diversify its offerings in the electric two-wheeler segment by introducing an array of models within a year, targeting a spectrum of customers with different price sensitivities. In anticipation of heightened market demand, TVS has escalated the production of its iQube electric scooter to a monthly capacity of 25,000 units, with intentions to scale up further. [Published On: 2023-11-26]

  • Jindal Mobilitric's Strategic Expansion into the Electric Two-Wheeler Market

    Jindal Mobilitric, Jindal Worldwide's innovative subsidiary, is revving up for a groundbreaking entry into the electric two-wheeler sector. With plans to unveil three electric models before the year's end, Mobilitric is expanding upon its 2022 strategic venture with the acquisition of the promising Mumbai-based Earth Energy. Glyde e-scooters and Evolve R and Evolve S e-motorcycles showcased their capabilities in a series of test rides. [Published On: 2023-11-17]

  • Strategic Collaboration Between Acer and eBikeGo: Unveiling of the MUVI 125 4G Electric Bike

    Acer partnered with eBikeGo to introduce the MUVI 125 4G electric bike, which was unveiled at the e-mobility expo. This collaboration signifies Acer's pivot towards environmentally friendly transport and underscores the global tech company's diversification. The MUVI 125 4G artfully merges European engineering with adept Indian production to cater to the commuting needs of the Indian populace. [Published On: 2023-09-15]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Electric Two-wheeler Automotive Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Before using the Electric Two-wheeler Automotive Market Research Report by 360iResearch, we faced significant challenges in understanding emerging market trends and consumer preferences. The report provided us with valuable insights into the demand for new generation electric scooters and bikes, helping us tailor our product offerings accordingly. By leveraging actionable strategies from the report, we successfully introduced innovative models, leading to a 20% increase in sales within six months. Our overall operations have greatly benefitted, and we are extremely satisfied with the positive impact it has had on our organization.
Vmoto Limited
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 Revolt Intellicorp Private Limited, Vmoto Limited, Dongguan Tailing Electric Vehicle Co., Ltd., Yadea Group Holdings Ltd., Harley-Davidson, Inc., Torrot Electric Europa S.A., TVS Motor Company Ltd., GOVECS AG, Nexzu Mobility Ltd, Emflux Motors, Ola Electric Mobility, Okinawa Autotech Pvt Ltd., Jindal Mobilitric Private Limited, Honda Motor Co., Ltd., Electrotherm Limited, eBikeGo, Energica Motor Company, Ather Energy Pvt. Ltd., Greaves Electric Mobility Private Limited, Lohia Auto, Bajaj Auto Limited, AIMA Technology Group Co., Ltd., Johammer E-Mobility GmbH, Hero Electric Vehicles Pvt. Ltd., and AVON Cycles Ltd..

Electric Two-wheeler Automotive Market - Global Forecast 2024-2030
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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:

  • Product Type
    • E-Motorcycle
    • E-Scooter or Moped
    • Speed Pedelecs
  • Technology
    • Batteries
      • Lithium-Ion Batteries
      • Sealed Lead Acid Batteries
    • Plug-In
  • Voltage
    • 24V
    • 36V
    • 48V
    • Greater than 48V
  • Distance Covered
    • 76-100 Miles
    • Above 100 Miles
    • Below 75 Miles
  • Sales Channel
    • Distributor Sale
    • OEM Sale
    • Online Sale
  • Application
    • Commercial
    • Private

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

As a manufacturer deeply involved in the electric vehicle industry, we were facing significant challenges in optimizing our battery technologies and deploying efficient charging stations. The Electric Two-wheeler Automotive Market Research Report by 360iResearch was a game-changer for us. It provided us with valuable insights into the latest advancements in battery technologies and strategic guidance on developing and installing charging stations. Thanks to the actionable strategies derived from the report, we were able to enhance our product offerings and streamline our operations. Our overall production efficiency has improved, and we've significantly reduced operational costs. We are exceedingly satisfied with the profound impact this report has had on our organization and look forward to leveraging more of 360iResearch's future insights.
Dongguan Tailing Electric Vehicle Co., Ltd.
This research report offers invaluable insights into various crucial aspects of the Electric Two-wheeler Automotive Market:

  1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
  2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
  3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
  4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
  5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

Additionally, the report addresses key questions to assist stakeholders in making informed decisions:

  1. What is the current market size and projected growth?
  2. Which products, segments, applications, and regions offer promising investment opportunities?
  3. What are the prevailing technology trends and regulatory frameworks?
  4. What is the market share and positioning of the leading vendors?
  5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Electric Two-wheeler Automotive Market, by Product Type
  7. Electric Two-wheeler Automotive Market, by Technology
  8. Electric Two-wheeler Automotive Market, by Voltage
  9. Electric Two-wheeler Automotive Market, by Distance Covered
  10. Electric Two-wheeler Automotive Market, by Sales Channel
  11. Electric Two-wheeler Automotive Market, by Application
  12. Americas Electric Two-wheeler Automotive Market
  13. Asia-Pacific Electric Two-wheeler Automotive Market
  14. Europe, Middle East & Africa Electric Two-wheeler Automotive Market
  15. Competitive Landscape
  16. Competitive Portfolio
  17. List of Figures [Total: 28]
  18. List of Tables [Total: 642]
  19. List of Companies Mentioned [Total: 25]
Frequently Asked Questions
  1. How big is the Electric Two-wheeler Automotive Market?
    Ans. The Global Electric Two-wheeler Automotive Market size was estimated at USD 32.04 billion in 2023 and expected to reach USD 35.35 billion in 2024.
  2. What is the Electric Two-wheeler Automotive Market growth?
    Ans. The Global Electric Two-wheeler Automotive Market to grow USD 64.70 billion by 2030, at a CAGR of 10.55%
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    Ans. Most reports are fulfilled immediately. In some cases, it could take up to 2 business days.
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