Market Overview

The primary market forces encouraging industry growth include rising environmental concerns, an increase in the use of electric motorbikes and e-bikes for short commutes, and rising spending by ride-hailing companies in the micro-mobility space.

Increased use of electric two-wheelers and government-sponsored electrification initiatives to fuel market expansion. OEMs will be able to expand their revenue streams and geographic reach as governments increase their investments in infrastructure for charging and offer incentives to users.

The market for electric two-wheelers is also growing as a result of the price hike of petroleum products. The negative impact of the growing cost of fuel is already being felt by consumers in developing countries. Low cost and low fuel consumption of the electric two-wheelers as compared to the conventional two-wheelers, make them more lucrative.

This scooter would likely have a longer range than the existing model of electric two-wheeler, according to the manufacturers. Maintenance won’t be a problem because there are fewer moving parts than on traditional two-wheelers. Battery replacement is the most expensive maintenance task and is not performed regularly. As a result, it is projected that this factor will accelerate worldwide electric two-wheeler market growth.

Segment Overview

The market for electric two-wheelers has been segmented into four groups: type, battery, voltage, and region.

Electric motorcycles and scooters are the two types of electric two-wheelers that make up the market category for them. Segmentation of the electric two-wheeler market based on battery type, including lithium-ion, sealed lead acid, and others. The statistics for the electric two-wheeler market is divided into four categories based on voltage: 48V, 36V, 24V, and more than 48V.

Regional Analysis

The analysis offers market information for North America, Asia-Pacific, Europe, and other nations, organized by region. The region’s quick adoption of electric two-wheelers and the growth of the regional market can be attributed to factors such as increasing urbanization, rising per capita income, and government policies that are supportive of electric vehicles. Further, the United States, South Korea, Japan,Canada, Germany, Spain, France, the United Kingdom, Australia, Italy, China, India, and Brazil are among the important nations examined in the market analysis for electric two-wheelers.

The market for electric two-wheelers in Europe is anticipated to expand significantly between 2022 and 2030. This significant growth can be attributed to the region’s fast urbanization, which increases air pollution, greenhouse gas emissions, and energy waste. The second-fastest rising market share for electric two-wheelers is in North America.

The factors that contributed to the significant growth of this region include rising investments by shared mobility players in electric two-wheeler companies, lowering battery prices in the US, and increasing attempts by major two-wheeler companies to offer electric two-wheelers. Additionally, the United States had the biggest market share for electric two-wheelers, while Canada had the quickest rate of expansion.

Major Players

Among the top businesses operating in the global market for electric two-wheelers are Vmoto Limited (Australia),China Zhongneng Vehicle Group Co. (China), GOVECS AG (Germany), Zero Motorcycles Inc. (US), Jiangsu Xinri E-Vehicle Co. Ltd. (China), Wuxi YADEA Export-Import Co. Ltd. (China), Niu International (China), Ampere Vehicles (India), and Energica Motor Company S.

COVID 19 Impacts

The COVID-19 epidemic significantly disrupted the auto sector, which in turn had an effect on consumer demand for electric automobiles, electric two-wheelers, and electric three-wheelers. Similar to the section of three-wheelers powered by fossil fuels, electric three-wheelers saw the greatest effects of the pandemic. In order to increase sales of battery swapping technology, the government permitted registration of electric vehicles without their batteries during 2021. Only a small number of manufacturers, mostly in the electric two-wheeler market, produce cars using battery switching technology.

TABLE OF CONTENTS

1 Executive Summary

2 Market Introduction

2.1 Definition 14

2.2 Scope Of The Study 14

2.3 List Of Assumptions 15

2.4 Market Structure 16

2.5 Market Attractive Analysis 16

2.6 Global Electric Two-Wheeler Market, By Type 17

2.7 Global Electric Two-Wheeler Market, By Battery Type 18

2.8 Global Electric Two-Wheeler Market, By Voltage 19

2.9 Key Buying Criteria 19

3 Market Insights

4 Research Methodology

4.1 Research Process 22

4.2 Primary Research 23

4.3 Secondary Research 24

4.4 Market Size Estimation 25

4.5 Forecast Model 25

5 Market Dynamics

5.1 Introduction 26

5.2 Drivers 27

5.2.1 Government Initiatives To Encourage Electric Vehicle Adoption 27

5.2.2 Demand For Electric Two-Wheelers Among Tourists 28

5.2.3 Strategic Developments For Growth By Major Players 29

5.2.4 Drivers Impact Analysis 30

5.3 Restraints 30

5.3.1 High Prices Of Electric Two-Wheelers And Batteries 30

5.3.2 Underdeveloped Charging Infrastructure And Poor Aftermarket Services 30

5.3.3 Restraint Impact Analysis 31

5.4 Opportunity 31

5.4.1 Improvement Of Battery Capacity And Reduction Of Charging Duration 31

6 Market Factor Analysis

6.1 Porter’s Five Forces Model 32

6.1.1 Threat Of New Entrants 32

6.1.2 Bargaining Power Of Suppliers 33

6.1.3 Bargaining Power Of Buyers 33

6.1.4 Threat Of Substitutes 33

6.1.5 Rivalry 33

6.2 Supply Chain Analysis: Global Electric Two-Wheeler Market 34

6.2.1 Design And Development 34

6.2.2 Raw Material/Component Supply 35

6.2.3 Electric Two-Wheeler Manufacturing/Assembly 35

6.2.4 Electric Two-Wheelers Supply 35

6.2.5 End Use 35

7 Global Electric Two-Wheeler Market, By Type

7.1 Overview 36

7.2 Electric Motorcycle 36

7.3 Electric Scooter 36

8 Global Electric Two-Wheeler Market, By Battery Type

8.1 Overview 38

8.2 Sealed Lead Acid 38

8.3 Lithium-Ion 38

8.4 Others 38

9 Global Electric Two-Wheeler Market, By Voltage

9.1 Overview 40

9.2 24V 40

9.3 36V 40

9.4 48V 40

9.5 More Than 48V 41

10 Global Electric Two-Wheeler Market, By Region

10.1 Introduction 42

10.2 Asia-Pacific 43

10.2.1 China 45

10.2.2 Japan 46

10.2.3 India 47

10.2.4 Rest Of Asia-Pacific 49

10.3 Europe 51

10.3.1 France 53

10.3.2 Spain 54

10.3.3 Italy 56

10.3.4 UK 57

10.3.5 Rest Of Europe 59

10.4 North America 61

10.4.1 US 63

10.4.2 Canada 64

10.5 Rest Of The World 66

10.5.1 Latin America 68

10.5.2 Middle East & Africa 69

11 Competitive Landscape

11.1 Competitive Overview 71

11.2 Global Electric Two-Wheeler Market, Share Analysis, 2020 (%) 71

11.3 Global Electric Two-Wheeler Market, Share Analysis, 2020 (%) 72

11.4 Competitive Benchmarking 72

11.5 Key Strategy Analysis 73

11.6 Leading Players (In Terms Of Number Of Developments) In Global Electric Two-Wheeler Market 73

12 Company Profiles

12.1 Jiangsu Xinri E-Vehicle Co., Ltd (SUNRA) 74

12.1.1 Company Overview 74

12.1.2 Financial Overview 74

12.1.3 Products/Services Offered 74

12.1.4 Key Developments (2015–2019) 75

12.1.5 SWOT Analysis 75

12.1.6 Key Strategies 75

12.2 Wuxi YADEA Export-Import Co., Ltd 76

12.2.1 Company Overview 76

12.2.2 Financial Overview 76

12.2.3 Products/Services Offered 77

12.2.4 Key Developments (2015–2019) 78

12.2.5 SWOT Analysis 79

12.2.6 Key Strategies 79

12.3 Vmoto Limited 80

12.3.1 Company Overview 80

12.3.2 Financial Overview 80

12.3.3 Products/Services Offered 81

12.3.4 Key Developments (2015–2019) 81

12.3.5 SWOT Analysis 82

12.3.6 Key Strategies 82

12.4 Niu International 83

12.4.1 Company Overview 83

12.4.2 Financial Overview 83

12.4.3 Products/Services Offered 83

12.4.4 Key Developments (2015–2019) 84

12.4.5 SWOT Analysis 84

12.4.6 Key Strategies 84

12.5 Energica Motor Company S.P.A. 85

12.5.1 Company Overview 85

12.5.2 Financial Overview 85

12.5.3 Products/Services Offered 86

12.5.4 Key Developments (2015–2019) 86

12.5.5 SWOT Analysis 87

12.5.6 Key Strategies 87

12.6 GOVECS AG 88

12.6.1 Company Overview 88

12.6.2 Financial Overview 88

12.6.3 Products/Services Offered 89

12.7 CHINA ZHONGNENG VEHICLE GROUP 90

12.7.1 Company Overview 90

12.7.2 Financial Overview 90

12.7.3 Products/Services Offered 90

12.8 Zero Motorcycles, Inc 92

12.8.1 Company Overview 92

12.8.2 Financial Overview 92

12.8.3 Products/Services Offered 92

12.8.4 Key Developments (2015–2019) 92

12.9 Hero Electric 93

12.9.1 Company Overview 93

12.9.2 Financial Overview 93

12.9.3 Products/Services Offered 93

12.9.4 Key Developments (2015–2019) 93

12.10 Ampere Vehicles 94

12.10.1 Company Overview 94

12.10.2 Financial Overview 94

12.10.3 Products/Services Offered 94

12.10.4 Key Developments (2015–2019) 94

13 Appendix

13.1 References 95

13.2 Related Reports 95

The post Electric Two-Wheeler Market Forecast to 2030 first appeared on CRI Report.

Southeast Asia in this report includes 10 countries: Singapore, Thailand, Philippines, Malaysia, Indonesia, Vietnam, Myanmar, Brunei, Laos and Cambodia. With a total population of over 600 million by the end of 2021, Southeast Asia has an overall economic growth rate higher than the global average and is one of the key drivers of future global economic growth.

According to CRI’s analysis, the economic levels of the 10 Southeast Asian countries vary greatly, with Singapore being the only developed country with a per capita GDP of about US$73,000 in 2021. While Myanmar and Cambodia will have a GDP per capita of less than US$2,000 in 2021. The population and minimum wage levels also vary greatly from country to country, with Brunei, which has the smallest population, having a total population of less than 500,000 people in 2021, and Indonesia, which has the largest population, having a population of about 275 million people in 2021. The most economically advanced countries in Southeast Asia do not have a legal minimum wage, with the actual minimum wage exceeding US$400 per month (for foreign maids), while the lowest minimum wage level in Myanmar is only about US$93 per month.

In recent years, the electric two-wheeler market in Southeast Asia has been developing, especially in emerging markets such as Vietnam, Thailand and Indonesia, and the economy continues to grow, and the size of the electric two-wheeler market in Southeast Asia is expanding.

According to CRI forecast, the electric two-wheeler industry in Southeast Asia will continue to grow from 2023-2032. On the one hand, cheap labor and land costs have attracted foreign companies to shift their electric two-wheeler production capacity to Southeast Asia. On the other hand, economic growth and increased domestic demand for passenger and freight transportation in Southeast Asia will also promote the development of the electric two-wheeler industry.

Topics covered:

• Southeast Asia Electric Two-wheeler Industry Status and Major Sources in 2018-2022 
• What is the Impact of COVID-19 on Southeast Asia Electric Two-wheeler Industry?
• Which Companies are the Major Players in Southeast Asia Electric Two-wheeler Industry Market and What are their Competitive Benchmarks?
• Key Drivers and Market Opportunities in Southeast Asia Electric Two-wheeler Industry   
• What are the Key Drivers, Challenges, and Opportunities for Southeast Asia Electric Two-wheeler Industry during 2023-2032?
• What is the Expected Revenue of Southeast Asia Electric Two-wheeler Industry during 2023-2032?
• What are the Strategies Adopted by the Key Players in the Market to Increase Their Market Share in the Industry?
• What are the Competitive Advantages of the Major Players in Southeast Asia Electric Two-wheeler Industry Market?
• Which Segment of Southeast Asia Electric Two-wheeler Industry is Expected to Dominate the Market in 2032?
• What are the Major Adverse Factors Facing Southeast Asia Electric Two-wheeler Industry?

Table of Contents

1 Analysis of the Electric Two-wheeler Industry in Singapore 

1.1 Singapore Macro Environment 

1.1.1 Geography 

1.1.2 Population 

1.1.3 Economy 

1.1.4 Singapore Manufacturing Minimum Wage 

1.2 Singapore Electric Two-wheeler Industry Overview 2018-2022 

1.2.1 Supply 

1.2.2 Demand 

1.2.3 Import and Export 

1.3 Analysis of Major Electric Two-wheelers Companies in Singapore

2 Analysis of Electric Two-wheelers Industry in Thailand 

2.1 Thailand Macro Environment 

2.1.1 Geography 

2.1.2 Population 

2.1.3 Economy 

2.1.4 Thailand Manufacturing Minimum Wage 

2.2 Thailand Electric Two-wheeler Industry Overview 2018-2022 

2.2.1 Supply 

2.2.2 Demand 

2.2.3 Import and Export 

2.3 Analysis of Major Electric Two-wheelers Companies in the Philippines

3 Analysis of Electric Two-wheelers Industry in the Philippines 

3.1 Macro Environment of the Philippines 

3.1.1 Geography 

3.1.2 Population 

3.1.3 Economy 

3.1.4 Philippines Manufacturing Minimum Wage 

3.2 Philippines Electric Two-wheeler Industry Overview 2018-2022 

3.2.1 Supply 

3.2.2 Demand 

3.2.3 Import and Export 

3.3 Analysis of Major Electric Two-wheelers Companies in the Philippines

4 Malaysia Electric Two-wheelers Industry Analysis 

4.1 Malaysia Macro Environment 

4.1.1 Geography 

4.1.2 Population 

4.1.3 Economy 

4.1.4 Malaysia Manufacturing Minimum Wage 

4.2 Malaysia Electric Two-wheeler Industry Overview 2018-2022 

4.2.1 Supply 

4.2.2 Demand 

4.2.3 Import and Export 

4.3 Malaysia Major Electric Two-wheeler Companies Analysis

5 Indonesia Electric Two-wheelers Industry Analysis 

5.1 Indonesia Macro Environment 

5.1.1 Geography 

5.1.2 Population 

5.1.3 Economy 

5.1.4 Indonesia Manufacturing Minimum Wage 

5.2 Indonesia Electric Two-wheeler Industry Overview 2018-2022 

5.2.1 Supply 

5.2.2 Demand 

5.2.3 Import and Export 

5.3 Indonesia Major Electric Two-wheelers Companies Analysis

6 Analysis of Electric Two-wheelers Industry in Vietnam 

6.1 Vietnam Macro Environment 

6.1.1 Geography 

6.1.2 Population 

6.1.3 Economy 

6.1.4 Vietnam Manufacturing Minimum Wage 

6.2 Vietnam Electric Two-wheeler Industry Overview 2018-2022 

6.2.1 Supply 

6.2.2 Demand 

6.2.3 Import and Export 

6.3 Analysis of Major Electric Two-wheelers Enterprises in Vietnam

7 Myanmar Electric Two-wheeler Industry Analysis 

7.1 Myanmar Macro Environment 

7.1.1 Geography 

7.1.2 Population 

7.1.3 Economy 

7.1.4 Myanmar Manufacturing Minimum Wage 

7.2 Myanmar Electric Two-wheeler Industry Overview 2018-2022 

7.2.1 Supply 

7.2.2 Demand 

7.2.3 Import and Export 

7.3 Analysis of Major Electric Two-wheelers Companies in Myanmar

8 Brunei Electric Two-wheeler Industry Analysis

8.1 Brunei Macro Environment 

8.1.1 Geography 

8.1.2 Population 

8.1.3 Economy 

8.1.4 Brunei Manufacturing Minimum Wage

8.2 Brunei Electric Two-Wheeler Industry Overview 2018-2022 

8.2.1 Supply 

8.2.2 Demand 

8.2.3 Import and Export 

8.3 Brunei Major Electric Two-wheeler Companies Analysis

9 Laos Electric Two-wheeler Industry Analysis

9.1 Laos Macro Environment 

9.1.1 Geography 

9.1.2 Population 

9.1.3 Economy 

9.1.4 Laos Manufacturing Minimum Wage 

9.2 Laos Electric Two-Wheeler Industry Overview 2018-2022

9.2.1 Supply 

9.2.2 Demand 

9.2.3 Import and Export 

9.3 Laos Major Electric Two-wheeler Companies Analysis

10 Analysis of Electric Two-wheeler Industry in Cambodia

10.1 Cambodia Macro Environment 

10.1.1 Geography 

10.1.2 Population 

10.1.3 Economy 

10.1.4 Cambodia Manufacturing Minimum Wage 

10.2 Cambodia Electric Two-wheeler Industry Overview 2018-2022

10.2.1 Supply 

10.2.2 Demand 

10.2.3 Import and Export 

10.3 Analysis of Major Electric Two-wheelers Companies in Cambodia

11 Southeast Asia Electric Two-wheeler Industry Outlook 2023-2032 

11.1 Southeast Asia Electric Two-wheelers Industry Development Impact Factors Analysis

11.1.1 Favorable Factors 

11.1.2 Unfavorable Factors 

11.2 Southeast Asia Electric Two-wheelers Industry Development Forecast 2023-2032

11.3 Layout of Chinese Companies in Southeast Asia Electric Two-wheelers Industry

11.4 Impact of COVID -19 Epidemic on Electric Two-wheelers Industry

The post Research Report on Southeast Asia Electric Two-Wheeler Industry 2023-2032 first appeared on CRI Report.

Product Overview

With sales of more than 6 million units in 2019, the Indonesian Motorcycle Market is the third largest market in the world and the Indonesian Electric Two-Wheeler Market is also forecast to experience double-digit growth rates until 2025. Indonesia is a main automotive contributor in terms of sales volume in the Association of Southeast Asian Nations (ASEAN) region.

The country, however, has just begun to enter the electric powertrain sector. The population of Indonesia has begun to become more conscious of electric vehicles (EVs), leading to a rise in sales.

Indonesia Electric Two-Wheeler Market: Objectives

Revenue

• Total revenue has been provided by segments for each of the focus locations and companies
• Revenue forecast has been provided till 2031 for each of the segments for the focus locations
• Revenue has been provided in USD Million

Key Strategic Initiatives

• Mergers & Acquisitions
• Investments & Expansion
• New Product Development and Launch
• Regulatory Approvals
• Others

Market Share Analysis

(Manufacturers)

• Profile of the top 10 manufacturers
• Share in the different segments
• Financial Information
• Product Portfolio
• Strategic benchmarking by companies

Indonesia Electric Two-Wheeler

Market Size Analysis

• Market split By Vehicle Type (Market Size: historical and forecast, Compounded Annual Growth rate

for the period 2019-2031)

• Market split By Battery Type (Market Size: historical and forecast, Compounded Annual Growth rate

for the period 2019-2031)

• Market split By Battery Technology (Market Size: historical and forecast, Compounded Annual

Growth rate for the period 2019-2031)

• Market split By Battery Capacity (Market Size: historical and forecast, Compounded Annual Growth

rate for the period 2019-2031)

• Market split by Region (Market Size: historical and forecast, Compounded Annual Growth rate for the

period 2019-2031)

Current And Future Trends

• Impact Analysis pertaining to regulatory scenarios

Electric Two-Wheeler Market Highlights

Indonesia Electric Two-Wheeler Market is expected to project a notable CAGR of XX.X% in 2030.
Indonesia Electric Two-Wheeler Market to surpass USD XXXX million by 2030 from USD XXXX million in 2018 at a CAGR of XX% throughout the forecast period, i.e. 2019-30. As the global trend is moving to the electric segment of vehicles powered by the source of the battery.

Indonesia Electric Two-Wheeler Market: Segments

E-Scooters vehicle segment to grow with the highest CAGR of XX.X% during 2019-30
Indonesia’s electric two-wheeler market is classified into e-scooters-bikes, e-motorcycles, by vehicle category, where e-scooters accounted for the largest share in 2018. The market was dominated by E-Scooters and the pattern is expected to continue in the coming years as well. This is due to the rising number of female drivers and the maneuverability provided by scooters or mopeds.

Indonesia Electric Two-Wheeler Market: Market Dynamics

Drivers
Increasing research and development activities
Indonesia’s two-wheeler electricity market is expected to expand at a rapid pace due to raising GHG emissions and increasing concerns about raising levels of pollution. The country’s high population density and growing urbanisation are further adding to the country’s increasing demand for two-wheelers.

Restraints
High cost of battery
High battery prices and the rising popularity of natural gas-fueled vehicles are key factors hindering the growth of Indonesia’s electric two-wheeler market. Furthermore, the lack of infrastructure in countries, such as charging stations, could restrict the growth of the Indonesia electric two-wheeler market.

Indonesia Electric Two-Wheeler Market: Regions

Indonesia Electric Two-Wheeler Market is segmented based on regional analysis into major regions. These include Java, Sumatra, Kalimantan, Bali & Nusa Tenggara.
Indonesia Electric Two-Wheeler Market in Bali & Nusa Tenggara held the largest market share of XX.X% in the year 2018. The growth of the electric bus market has been supported by favorable government regulations, the involvement of a large number of local players and growing investment in the production of battery technology in the area. Over the forecast period, the United Kingdom is expected to grow with highest CAGR primarily driven by government funding schemes for the adoption of electric vehicles and the growth of electric vehicle-related infrastructure including charging stations

Indonesia Electric Two-Wheeler Market: Key Players

• Zero Motorcycles Inc.
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Segway, Inc.
• Viar Motor Indonesia
• Skutis Corporation
• Triangle Motorindo
• Xiaomi Corp.
• PT Wijaya Karya Tbk
• Other Prominent Players

Indonesia Electric Two-Wheeler Market report also contains analysis on:
• Indonesia Electric Two-Wheeler Market Segments:
o By Battery Capacity
 <25 Ah  >25 Ah

• Indonesia Electric Two-Wheeler Market Dynamics
• Indonesia Electric Two-Wheeler Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints

Global Electric Vehicle Brake Pads Market to Reach $289.2 Million by 2026

The post Indonesia Electric Two-Wheeler Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030 first appeared on CRI Report.