The Electric Two Wheeler Market Size, Share, and overview research report forecast 2023-2028 offers a comprehensive overview of the market, including current trends and forecast growth in terms of service and products. The reader may use this information to better understand the market under consideration's quantitative growth elements. This research focuses on crucial market growth indicators and examines revenue development, value chain analysis, and geography studies in great detail.
To get a competitive edge in the industry, top suppliers are focusing on providing high-quality, economical, and new technologies employing existing materials. Leading producers compete in terms of price, quality, design, and aftermarket support. The competition is increasing and getting better thanks to technological know-how and investments made through partnerships and agreements.
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The study's objective was to:
- Market size by major regions/nations and other study segments are taken into account and analysed.
- A better comprehension of market structure.
- Identifies, portrays, and examines Market Players to determine value, share, the competitive landscape, SWOT analysis, and future development strategies.
- To assess the market's particular growth trends, potential, and overall commitment.
- To convey in-depth information about the major market growth influences (growth potential, industry-specific challenges, and risks).
- To assess the market's size in relation to important regions and the relevant main countries.
- To assess market developments for competitive analysis, such as market growth, partnerships, new product introductions, and acquisitions.
Market Dynamics
Key Trend: Growing Expansion of Battery Swapping Stations to Drive the Demand for Electric Two-wheelers
The battery swapping stations are the major component of the industry, allowing drivers to manage vehicle downtime through quick changes. As governments across various countries are accelerating the shift towards EVs, including electric two-wheelers, the consistent deployment of battery-swapping stations by transport ministries is on the rise across the globe. For instance:
- In 2022, Leoparda Electric announced an investment of over USD8.5 million to offer an exclusive range of electric two-wheeler built a battery swapping station in Latin America.
Additionally, various companies such as Gogoro, Sun Mobility, Ample, etc., are investing in the infrastructure of battery swapping stations in different countries like the US, Taiwan, China, etc., to support the government initiative towards sustainability provide a sense of reliability to the consumers. As a result, end-users are gradually adopting e-scooters e-motorcycles. Thus, the global expansion of battery swapping stations is expected to boost the industrial expansion during the forecast period.
Industry Players Development
- 2023: An electric two-wheeler manufacturer, Yadea Technology Group Co., Ltd., launched a high-speed electric motorcycle in the US as part of the company's strategic layout for the US market. The company plans to open flagship stores in San Francisco Los Angeles and over 100 Integrated brand dealer stores in the first half of 2023.
- 2022: Hero Electric Vehicles Private Limited expanded its partnership with Zypp Electric to support the growth of the logistics delivery segment. Under this partnership, Hero Electric would deploy 1.5 lakh electric scooters for Zypp Electric’s fleet in the next three years.
Competitively in the Electric Two Wheeler Market:
To create superior business plans and obtain a competitive advantage, it is essential to consider historical firm performance, basic operational techniques, and the product and service portfolio. This research provides an in-depth analysis of the leading players in the worldwide Electric Two Wheeler market historical firm performance, basic operational techniques, and the product and service portfolio. These businesses have engaged in a number of joint ventures, collaborations, mergers, and acquisitions in order to forge a strong position in the market:
Top Companies of Electric Two Wheeler Market
-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
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Important Electric Two Wheeler Market Segmentation
The market segmentation section explains segments to readers. The report outlines their historical development as well as the future course they will probably take. In-depth details on new trends that may influence these segments' future are also included. In addition to providing projections for 2023-2028 at the global, regional, and national levels, the report looks at important trends in each sub segment of the worldwide market.
By VehicleType
-Scooter/Moped
-Motorcycle
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
By Region
-North America
-Latin America
-Europe
-The Middle East Africa
-Asia Pacific
Important Concerns Addressed in This Electric Two Wheeler Market Report:
- How has the worldwide Electric Two Wheeler Market performed thus far, and how will it fare in the years to come?
- What effect did COVID-19 have on the market?
- Which geographical markets are most crucial?
- How does the market division appear?
- What are the various steps in the industry's value chain?
- What are the industry's primary driving forces and obstacles?
- How is the Electric Two Wheeler Market structured globally, and who are the key players?
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