Electric Two-Wheeler Market Research Report: Information by Type, Battery Type and Region – Forecast Till 2030

The two-wheeled electric vehicle market size is expected to grow from 1 million units in 2021 to 1.55 billion units by 2030, registering a compound annual growth rate of 34.57%.

New York, NY, USA, January 17, 2022 / EINPresswire.com/ – Two-wheeled electric market overview

The two-wheeled electric vehicle market size is expected to grow from 1 million units in 2021 to 1.55 billion units by 2030, registering a compound annual growth rate of 34.57% during the forecast period (2022 – 2030).

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The global two-wheeled electric vehicle market is expected to witness rapid growth during the forecast period. The two-wheeled electric vehicle market is expected to be dominated by the Asia Pacific region due to the presence of China, India and Japan. Developing countries in the region are among the leaders in the field of two-wheeled electric vehicles and two-wheeled electric parts in the global market. Moreover, the demand for electric two-wheeled vehicles among the tourists is driving the market during the forecast period. China is one of the largest producers of electric two-wheeled vehicles in the Asia-Pacific region. In 2018, the China Development and Reform Commission announced a new US$47 billion fund, which supports the development of electric vehicle (EV) technologies. Companies in the country aim to reduce electric two-wheeler costs to meet local and international demand.

In 2018, Europe occupied the second largest market share in the global two-wheeled electric bicycle market. The government’s ongoing efforts to reduce gas emissions are expected to increase the demand for two-wheeled electric vehicles in the region during the forecast period. Efforts by domestic manufacturers to design two-wheeled solutions that are lighter and more energy efficient for consumers.

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Major market players:

The major players in the global two-wheeled electric market are:

Wuxi YADEA Import and Export Co., Ltd.
Ltd (China)
Jiangsu Xinri E-Vehicle Co., Ltd.
Ltd (China)
Vmoto Limited (Australia)
GOVECS AG (Germany)
Energica Motor Company SpA (Italy)
China Zhongneng Vehicle Group Co., Ltd.
Ltd (China)
Hero Electric (India)
New International (China)
Ampere Vehicles (India)
and zero motorcycles
Corporation (USA).

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fragmentation
The global Electric Vehicles market is segmented on the basis of type, battery type and voltage. On the basis of type, the two-wheeled electric market is segmented into electric motorcycle and electric scooter. The electric scooter segment captured the largest market share in 2018 as electric scooters are widely used.

By type of battery, the global electric two-wheeler market is segmented into sealed lead acid, lithium-ion, and others. The sealed lead-acid segment captured the largest market share in 2018. Moreover, these batteries are cost-effective compared to other types of “maintenance-free” batteries known as “maintenance-free” batteries, and they are also low maintenance and lead acid batteries Rechargeable sealed lead. Sealed lead-acid batteries are available in all shapes, voltages, amps, and sizes. Lead-acid batteries are called “sealed” because they usually do not allow liquid to be added or lost. These factors are expected to drive the growth of the sealed lead acid segment during the forecast period.

Industry Updates

May 2021 – Ola is preparing to sell an e-scooter to international markets during this fiscal year.
May 2021 – Italian company Benelli launches a new electric scooter, the Dong, which is compact and has a unique design.
April 2021 – Gogoro, a Taiwanese electric scooter manufacturer, has teamed up with Hero MotoCorp in India to deliver battery-sharing infrastructure in the world’s largest motorcycle market.

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North America is among the leading regions in the two-wheeled electric vehicle market, particularly due to government initiatives to adopt electric vehicles. The increasing focus of the leading two-wheeled electric vehicle manufacturers towards developing technologically advanced products with better performance and price competitiveness is expected to increase the demand for two-wheeled electric vehicles during the forecast period. Moreover, the presence of several emerging and established electric two-wheeler manufacturers, such as BOXX Corp. and ZEV and Unagi Scooters, in the region to increase the region’s production and export capabilities during the forecast period.

Abstract
The global Electric Vehicles market has been segmented on the basis of type, battery type, voltage, and region. On the basis of type, the global electric two-wheeler market is segmented into electric motorcycle and electric scooter. The electric scooter segment is expected to dominate the market, as these vehicles help in saving costs related to fuel, spark plug change and oil filter replacement along with simple design features, thus reducing maintenance costs.

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