MarkNtel Advisors has released a research report on the Electric Two Wheeler Market Size, Share, Analysis, Research, Report 2028. The research segment utilizes efficient methodologies to convey sales and revenue forecasts for the specified years, enhancing user understanding and supporting well-informed decision-making. Through a combination of qualitative and quantitative data, this report comprehensively addresses significant changes, gap analyses, emerging opportunities, trends, industry dynamics, and competitive challenges. To familiarize both existing businesses and new entrants with the present market scenario, the report delivers detailed growth prospects for the industry and concise insights into competitors.
Electric Two Wheeler Market Insights:
The Global Electric Two Wheeler market is projected to grow at a CAGR of around 25.57% during the forecast period, i.e., 2023-28.
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Global Electric Two Wheeler Market Possible Restraint:
High Cost & Limited Functionalities to Restrain the Global Market – Electric two-wheelers have several advantages, such as reduced carbon footprint, easy accessibility, lightweight, and others. However, the cost of these vehicles is high due to the motor, which must be specially crafted & fitted for electric vehicles. The raw materials like lithium-ion batteries, nickel, etc., required for the manufacturing process are costly, therefore the price of EV is significantly higher than that of conventional fuel-based motorcycles & scooters.
Furthermore, an electric two-wheeler lacks in the scenario of speed due to less power of the electric motor compared to a conventional fuel-based vehicle, which provides high speed. In addition, there are riders who are speed or technology enthusiasts, prefer conventional fuel-based bikes for the high speed & technology as electric bike can offer an average speed of just 15-20 miles per hour, which is quite less in comparison to a fuel-based motorcycles. As a result, the high price of electric scooters & motorcycles, combined with speed limits, hindered the market flow.
Leading Companies Operating in the Electric Two Wheeler Industry:
-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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Electric Two Wheeler Market Categorization:
The Electric Two Wheeler Market exhibits a high degree of fragmentation, categorizing into distinct segments as follows:
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
-South East Asia
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization
Frequently Asked Questions (FAQs)
- How are cost and profit estimations evolving within the Electric Two Wheeler Industry?
- How do factors such as supply and consumption contribute to the industry landscape?
- How do import and export considerations influence the dynamics of the Electric Two Wheeler Industry?
- Which technological advancements are expected to influence the future of the Electric Two Wheeler Market?
- Who are the prominent players featured in the Electric Two Wheeler Market research report?
- What are the projected valuations in USD, and what is the CAGR for the forecasted years?
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