The global electric two-wheeler market (電動二輪車市場) is expected to reach a value of US$ 70,880.2 million by 2024. It is projected to grow at a compound annual growth rate (CAGR) of 11.1% and attain a market worth of US$ 203,078.7 million by 2034. Manufacturers are increasingly focusing on innovative design and form factors to create stylish and appealing electric two-wheelers, appealing to a broader consumer base interested in fashion and aesthetics. Initiatives aimed at electrifying rural areas and bolstering infrastructure support are expected to unlock new markets in previously underserved regions for electric two-wheelers.

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Exploring opportunities to integrate electric two-wheelers with renewable energy sources like solar charging stations can further bolster the sustainability credentials of these vehicles. Subscription-based models and shared mobility services for electric two-wheelers are gaining traction, providing a cost-effective and convenient alternative to traditional ownership models. Manufacturers developing lightweight and compact electric two-wheelers stand to benefit from the growing demand for easy maneuverability and storage in urban environments. The implementation of battery swapping infrastructure and services can address concerns related to charging times and enhance user convenience significantly.

The integration of artificial intelligence (AI) and Internet of Things (IoT) technologies into electric two-wheelers is enhancing features such as predictive maintenance, real-time diagnostics, and smart navigation, offering users a more sophisticated experience. Offering customization options for electric two-wheelers allows consumers to personalize their vehicles, catering to diverse tastes and preferences. Educational campaigns to increase awareness about the benefits of electric two-wheelers, while dispelling myths and misconceptions, can further drive consumer acceptance and adoption of these eco-friendly vehicles.

Key Takeaways from the Market Study

• In 2024, the global electric two wheeler market is estimated to have a global market size of US$ 70,880.2 million.
• The electric scooters segment is expected to dominate the market, with a market share of 61.2% in 2024.
• The lithium ion category is expected to hold a market share of 82.3% in 2034.
• China is predicted to acquire a 69.4% of the global market share in 2024.
• East Asia is expected to account for a CAGR of 12.0% by 2034.

Market Future Outlook:

The future of the electric two-wheeler market (Marché des deux-roues électriques) appears promising, with continued technological innovation and supportive government policies expected to propel growth. As battery costs decline and charging infrastructure improves, electric two-wheelers are likely to become more affordable and accessible to a broader consumer base. Moreover, increasing urbanization and congestion in cities are driving the adoption of compact and agile electric vehicles, further boosting market demand.

Market Insights:

Asia-Pacific dominates the electric two-wheeler market (전기 이륜차 시장), driven by the rapid urbanization and growing middle-class population in countries like China and India. These regions are witnessing a surge in electric scooter and motorcycle sales, driven by government incentives and initiatives to curb pollution. In Europe and North America, the market is also growing steadily, supported by favorable regulatory frameworks and a shift towards sustainable transportation solutions.

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Key Players:

• AIMA Technology Co., Ltd
• Ather Energy Pvt. Ltd.
• Energica Motor Company SPA
• Gogoro Limited
• Govecs AG
• Hero Electric Vehicles Pvt. Ltd
• Jiangsu Xinri E-Vehicle Co. Ltd.
• Piaggio & C. SpA
• Vmoto Limited
• Zero Motorcycles Inc.

Competitive Landscape:

Key players in the electric two-wheeler industry are deploying a variety of strategies to achieve their objectives. These tactics include fostering innovation, implementing stringent quality control measures for their products, forging strategic partnerships, optimizing supply chain management systems, and continuously advancing their products and technologies.

Recent Developments:

In 2022, Gogoro Inc. unveiled its state-of-the-art battery swapping system and Smart scooters in the Tel Aviv metropolitan area. Through collaborations with industry leaders Metro Motor and Paz Group, the companies plan to expand this launch to additional cities in Israel in the coming years.

In 2022, HERO Electric partnered with Jio-BP to collaborate on electric vehicle charging and battery solutions. This collaboration is expected to significantly enhance the company's after-sales service capabilities.

Segmentation of Electric Two Wheeler Market Research

• By Product Type:

  • Electric Scooters

  • Electric Motorcycles

  • Electric Bicycles

• By Battery Type:

  • Lithium Ion

  • Lead Based

  • NiMH

• By Region:

  • North America

  • Europe

  • East Asia

  • Latin America

  • Middle East & Africa

  • South Asia & Oceania

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