Electric Two-wheelers Market 2017-2021

This industry research report identifies Hero Eco, JIANGSU XINRI E-VEHICLE, Yadea Technology Group, Zero Motorcycles, and Zhejiang Luyuan Electric Vehicle as the key vendors in the global electric two-wheelers market. A comprehensive analysis of this market is also presented by vehicle type (electric scooters and electric motorcycles) and by geography (the Americas, APAC, and EMEA).

Overview of the global electric two-wheelers market

Technavio’s research analysis on the global electric two-wheelers market has identified the benefits such as lower operation and maintenance costs as one of the major factors that will have a positive impact on this market’s growth till 2021. Electric two-wheelers have lesser operating costs compared to the conventional ICE vehicles with similar performance. Electric two-wheelers help in saving costs related to fuel, spark plug change, and oil filter replacements. Moreover, the minimalistic design characteristics of electric two-wheelers has resulted in low maintenance costs compared to conventional vehicles. Additionally, electric two-wheelers also provide performance customization options that further reduce maintenance costs. Moreover, the components and accessories of electric two-wheelers are also made to provide longer life and most of the electric two-wheeler manufacturers are now concentrating on enhancing the technology and are further reducing maintenance costs to attract more buyers. Our market research analysts predict that in terms of units, this market will grow at a CAGR of close to 8% by 2021.

Improvement in battery technologies is one of the key trends that will gain traction in the electric two-wheelers market during the next few years. Better battery technology is one of the primary factors driving the sales of electric two-wheelers. Improvements in the EV battery technology attract more customers. For example, the advancement of lithium-ion batteries has made EV vehicles light in weight and increases their lifespan when to lead-acid and valve-regulated lead-acid (VRLA) batteries. The growing concerns of the electric two-wheelers manufacturers about the development of lithium-ion batteries with longer charge life will also lead to continuous improvements in lithium-ion battery technology.

Competitive landscape and key vendors

The electric two-wheelers market consists of numerous vendors. Most of the vendors are from APAC, particularly from the developing countries such as China and India that are the leading countries for electric two-wheelers based on sales numbers. There are a limited number of vendors manufacturing high-performance electric motorcycles and the vendors are continuously focusing on technological innovations.

The leading vendors in the market are –

• Hero Eco
• JIANGSU XINRI E-VEHICLE
• Yadea Technology Group
• Zero Motorcycles
• Zhejiang Luyuan Electric Vehicle

The other prominent vendors in the market are Alta Motors, Ampere Vehicles, Ather Energy, Bodo Electric Vehicle Group, Bultaco, China Xingyue Group, Currie Technologies, Electrotherm Group, Energica Motor company, Evoke Motorcycles, eZee Kinetics technology, GOVECS, Guangzhou Camqi Electric Vehicle, Hollywood Electrics, Johammer, Lightning Motorcycles, LOHIA AUTO INDUSTRIES, Mahindra, Quantya, Sanyang Industry, Victory Motorcycles, Vmoto, and YObykes.

Segmentation by vehicle type and analysis of the electric two-wheelers market

• Electric scooters
• Electric motorcycles

During 2016, the electric scooters market segment accounted for the major shares of the electric two-wheelers market. Factors such as the increasing sales of scooters in the developing countries such as India and China and the growth in technological innovations, will contribute to the growth of the electric scooters market segment in the coming years.

Geographical segmentation and analysis of the electric two-wheelers market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the electric two-wheelers market throughout the forecast period. The increased adoption of electric two-wheelers in emerging countries like India and China and the rising environmental concerns, will drive the demand for electric two-wheelers in this region.

 Key questions answered in the report include

• What will the electric two-wheelers market size and the growth rate be in 2021?
• What are the key factors driving the global electric two-wheelers market?
• What are the key electric two-wheelers market trends impacting the growth of the market?
• What are the challenges to market growth?
• Who are the key vendors in the global electric two-wheelers market?
• What are the market opportunities and threats faced by the vendors in the global electric two-wheelers market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global electric two-wheelers market?

Technavio also offers customization on reports based on specific client requirement.