Electric Two-wheelers Market By Vehicle Type (E-Scooter and E-Motorcycle), By Battery Type (Sealed Lead-acid and Lithium-ion), By Technology (Plug-in Electric Two-wheeler and Battery Electric Two-wheeler), By Battery Voltage (24V, 36V, 48V and More than 48V) - Growth, Future Prospects and Competitive Landscape, 2019 – 2027

Carbon Footprint Regulations as well as Advanced Batteries & Motors to Amplify Electric Two-wheelers Demand

The global electric two-wheelers market was valued at US$ 12.72 Bn in 2018 and is expected to witness notable growth, expanding at a CAGR of 8.17% during the forecast period from 2019 to 2027. Technological advancements in the automotive field, coupled with a need for carbon emission control, have paved the way for electric vehicles, thereby stimulating the demand for electric two-wheelers. Electric two-wheelers accounted for a major share of the overall electric vehicles market worldwide in 2018. The rise in the use of Lithium-ion (Li-ion) batteries by electric two-wheeler manufacturers owing to their low self-discharge, low maintenance, lightweight, and fast charging capability is the key factor driving the market growth. Furthermore, tax imposition on fuel two-wheelers, subsidies offered on electric two-wheelers, and strict emission norms being framed by various national governments are major factors propelling regional market growth. Electric two-wheelers offer key benefits such as low fuel cost, low maintenance cost, and low operating noise, among others. Such advantages further accelerate market growth and revenue generation. 

Continuous innovations in the battery industry to develop advanced battery systems, which are more compact, support quick charging, and have more cyclability, are projected to drive the electric two-wheelers market during the forecast period. For instance, engineers at Nanyang Technological University in Singapore announced to development new Li-ion battery that takes 5 minutes for complete charging along with 10,000 charge cycles and can successfully last for approximately 1.5 Mn KMs of vehicle running. Similarly, organizations are aiming to develop better electric motors that efficiently work under higher loads and conserve battery power at the same time. For instance, Siemens announced a new electric motor with an integrated inverter in the motor housing. This arrangement converts the DC output of the battery to AC before supplying it to the motor for optimum usage. Currently, in the development stage, such innovations can turn the tables for electric two-wheelers market growth. 

Market Snapshot


E-Scooters accounted for the Largest Market Share in 2018.

As of 2018, the global electric two-wheelers market was dominated by electric scooters. Electric scooters are available at a much lower cost than electric motorcycles in the market. Growing female consumer base, wide popularity among teenagers, and relatively simpler maintenance are key factors contributing to e-scooters market domination. Apart from this, the rapid deployment of public charging infrastructure in remote areas is expected to contribute significantly to the electric scooter market growth across the forecast period. However, electric motorcycles are projected to have a higher growth rate and more market penetration during the forecast period owing to advancement in lithium-ion batteries and reduced cost of the same. 

Asia Pacific Garnered Largest Market Share in 2018

Based on geography, the global electric two-wheelers market was led by Asia Pacific in 2018 and is likely to continue its domination throughout the forecast period. The growth of this region is mainly accredited to the shift of emerging economies such as China, Taiwan, and India towards e-vehicles. China manufactures the majority of electric two-wheelers in the Asia Pacific and remains the primary contributor to revenue generation in this region. Extensive government initiatives to reduce & control environmental pollution, health hazards, and premature death rate caused by air pollution help propel the electric two-wheelers market in China. However, in India, the electric two-wheelers market is growing at a steady pace. In order to increase the market penetration of electric vehicles, the Government of India has launched several schemes that offer subsidies & incentives for electric vehicles and the development of public charging infrastructure. For instance, the Faster Adoption of (Hybrid &) Electric Vehicles in India [FAME–India] scheme promotes electric mobility in India by incentivizing electric vehicle production. Such supportive schemes are expected to increase the electric two-wheelers market growth across the region. 

Competitive Insights

Electric two-wheelers manufacturers are adopting strategies like new product development through technological advancements, competitive pricing, geographic expansion, and mergers & acquisitions to cater to the needs of their customers and gain a competitive advantage over other players in the market. Key players in the electric two-wheelers market include Zero Motorcycles, Inc., F-wheel DYU, Jiangsu Xinari E-vehicle Co., Ltd., YO bikes, Hero Electric, Hybikes, and Yadea Tech. Group Co., Ampere Vehicles Private Ltd., Vmoto Ltd., Energica Motor Company, Sanyang Industry, Zhejiang Luyuan Electric Vehicle, Guangzhou Camqi Electric Vehicle, and Alta Motors, among others. 

Historical & Forecast Period

The research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. Compound Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The Electric Two-wheelers market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global electric two-wheelers market based on vehicle type, battery type, technology, battery voltage, and geography. Key segments covered in the report are as follows:

Key questions answered in this report.

  • What was the market size of electric two-wheelers in 2018, and what is the forecast up to 2027?
  • What are the key factors driving the global electric two-wheelers market?
  • What are the key market trends and high-growth opportunities observed in the electric two-wheelers market?
  • Which is the largest regional market for electric two-wheelers market?
  • Which segment will grow at a faster pace? Why?
  • Which region will drive the market growth? Why?
  • Which players are leading the electric two-wheelers market?
  • What are the sustainability strategies adopted by the key players operating in the market?

 Frequently Asked Questions:

The market for Electric Two-wheelers Market is expected to reach in US$ 12.72 Bn in 2027.

The Electric Two-wheelers Market is expected to see significant CAGR growth over the coming years, at 8.17%.

The report is forecasted to 2019-2027.

The base year of this report is 2018.

Zero Motorcycles, Inc.,F-wheel DYU,Jiangsu Xinari E-vehicle Co.Ltd.,YO Bykes,Hero Electric are some of the major players in the global market.

Choose License Type
Trusted By
Published Date:  Jun 2019
Category:  Technology & Media
Report ID:   59737
Report Format:   PDF
Pages:   120
Rating:    4.4 (56)
Delivery Time: 24 Hours to 48 Hours   
Connect With Us
24/7 Research Support