According to the latest report by IMARC Group titled, “Electric Two-Wheeler Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global electric two-wheeler market grew at a CAGR of nearly 10% during 2014-2019. Looking forward, the market is expected to continue its moderate growth during the next five years.
Electric two-wheelers include motorcycles, scooters, bicycles, or mopeds that operate on battery-based electronic motors. They are light weight vehicles that consist of removable or replaceable batteries, which can be charged easily with electrical outlets.
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The global electric two-wheeler market is primarily driven by the growing awareness among consumers about various economic and ecological benefits of electric vehicles. Electric two-wheelers have gained immense popularity as an eco-friendly alternative to gasoline-powered vehicles for both regular commute and recreational activities. Besides this, the increasing pollution levels from fuel-based automobiles have encouraged the governments of various countries to implement stringent regulatory norms to adopt clean energy as an alternative to crude oil dependence. As a result, there has been a heightened demand for electric two-wheelers, which help reduce greenhouse gas emissions. Furthermore, a significant increase in the fuel rates and depleting fossil fuels resources, like petrol and diesel, have also boosted the sales of electric two-wheelers.
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Insights on Market Segmentation:
Market Breakup by Vehicle Type:
Market Breakup by Battery Type:
Sealed Lead Acid (SLA)
Market Breakup by Voltage Type:
Market Breakup by Peak Power:
Market Breakup by Battery Technology:
Market Breakup by Motor Placement:
Market Breakup by Region:
Middle East and Africa
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