Electric Two Wheeler Market Expanding at 12.4% CAGR During 2025

New York, USA, 2018-Nov-08 — /EPR Network/ —According to Goldstein Research, global electric two wheeler market is anticipated to grow at 12.4% CAGR over the forecast period 2017-2025. Since 2010, the market is experiencing continuous growth. Due to environmental concerns and cost efficiency there is increasing sales of electric two wheelers market. The regions experiencing high growth in global two wheelers market, are the most opportunistic region for the entry of electric two wheeler market players. Such as Africa two wheelers market and India two wheeler market are anticipated to have high adoption rate of electric two wheelers.

Market Segmentation

On the basis of our in-depth analysis, Global Electric Two Wheeler Market can be segmented as follows:

By Vehicle Type

o   Scooters

o   Bicycle

o   Motorcycle

By Major Components

o   Battery

o   Electric Motors

By Battery Capacity Type

o   Lead Acid Battery

o   Nickel Metal Hydride (NiMH)

o   Lithium-Ion (Li-ion)

By Region

o   North America Electric Two Wheeler Market Analysis, 2017-2025

o   Europe Electric Two Wheeler Market Analysis, 2017-2025

o   Middle East And Africa Electric Two Wheeler Market Analysis, 2017-2025

o   Latin America Electric Two Wheeler Market Analysis, 2017-2025

o   Asia Pacific Electric Two Wheeler Market Analysis, 2017-2025

 

“Global Electric Two Wheeler Market Outlook 2025” includes comprehensive overview of the global electric two wheeler market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by vehicle type, major components, battery capacity type and geography.

The Global Electric Two Wheeler Market Report highlights the competitive outlook of major global players that includes the business strategies, product portfolio, revenue distribution, financial analysis, R&D activities and investments. The comprehensive analysis of electric two wheeler market report is drafted as per the clients to help them in assessing their business strategies in the competitive environment.

Key players mentioned in the report are:

Hero Eco, JIANGSU XINRI E-VEHICLE, Yadea Technology Group, Zero Motorcycles, Zhejiang Luyuan Electric Vehicle, eZee Bikes Inc, Piaggio Group, Honda Motor Company, TVS and Mahindra Motors, etc.

Further, Global Electric Two Wheeler Market Report encompasses the key factors driving the growth of market, opportunities in the market and the factors posing threats & challenges to the market. The electric two wheeler market outlook also comprises the market dynamics, risk analysis, SWOT analysis, USP analysis, BPS Analysis & market attractiveness. Report further also includes the expert analysis and remarks showcasing the complete overview of the market based on intensive analysis of political, economic, social, technological, environmental & legal factors of each region in the market.

Global two wheeler market is driving on the basis of advancement in the mentioned below industry:

Premium Motorcycles Market

In recent years the largest market for premium motorcycles such as the U.S and Europe have witnessed a gradual decline in sales owing to reducing the number of bike enthusiasts in the region. Further, the premium motorcycles industry is likely to expand at a CAGR of +25% over the forecast period i.e.2017-2025.

China Automotive Industry

China automotive industries grown at an exceptional compound annual growth rate (CAGR) of 25% from 2001 to 2010, with more than 18 million automobile units were sold. Automobile Industry in China is likely to grow at a CAGR of +5% during the forecast period 2017-2025. Further, China’s manufacturing of NEVs expanded from about 17,500 units in 2013 to 517,000 units in 2016.

Germany Automotive Industry

Germany is also the global leader in vehicle production with over 15 million vehicles produced in 2015 or 19% of the total vehicles manufactured across the globe. German automotive industry accounted for approximately USD 322.0 billion in 2015 generated from foreign markets. Germany’s automotive industry is also one of the most innovative industries with R&D investments amounting to USD 24.1 billion in 2014.

Norway Automotive Industry 

Some regions in Norway have started to charge higher road tolls for diesel cars than for petrol-driven vehicles, which is also fueling the growth of new electric vehicles in the region. Norway Automobile Industry is likely to grow at a CAGR of around 8% during the forecast period 2017-2025. Electric or hybrid vehicles in Norway accounted for more than half of all new vehicles registered in the country in 2017.

India Automotive Industry

Total automobile trades grew 13.01 percent year-on-year from 2016 to 2017. Automobile Industry in India is likely to grow at a CAGR of +12% during the forecast period 2017-2025. Moreover, Indian automotive industry sales of passenger vehicles and two wheelers up surged by 5.3% and 40.31% year-on-year respectively, in December 2017.

China Bicycle Manufacturing Industry

China is world’s largest bicycle producer and the growing economy of China has leveraged this position. China bicycles manufacturers have started to shift their focus on manufacturing electric bicycle on account of the changing environment Goldstein Research analyst forecast that the China bicycle manufacturing industry is set to reach USD 13.1 billion by 2024, growing at a CAGR of 6.2% over the forecast period (2017-2025).

Europe Bicycle Industry Outlook

E-bikes are expected to contribute 45% value share by 2022 to the total Europe bicycle industry. Bicycles price range from low to very high price; the low and medium priced bicycles have major market share of 41.6% in 2017. Europe bicycle industry is set to reach USD 23.36 billion by 2024, growing at a CAGR of 5.61% over the forecast period (2017-2025).

India Bicycle Industry Analysis

China bicycle manufacturer are expected to enter Punjab state and boost the industry by introducing lightweight technology. Bicycle industry in India is set to reach 26.4 million units by 2024, growing at a CAGR of 8.6% over the forecast period.

United States Bicycle Industry

Bicycle Industry is continuously growing since decades when it was major means of personal transportation. The rising urbanization, congestion and sustainability are majorly driving the rising demand for bicycles all over United States. United States bicycle industry is set to reach USD 9.88 billion by 2024, growing at a CAGR of 5.70% over the forecast period (2017-2025).

About Goldstein Research

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear-cut forecasts.

Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working on industrial automation industry analysis reports helping various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in the rigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable for our clients’ needs and business agenda.

Contact for more Info:

Steve Blade

(Global Sales Head)

USA: + 1-646-568-7747

Canada: 1-437-886-1181

UK: +44-203-318-6627

sales@goldsteinresearch.com

www.goldsteinresearch.com

Matched content

Editor’s pick