March 28, 2020

Electric Two-wheelers Market | Key Players are Zero Motorcycles Inc., F-wheel DYU, Sunra Electric Vehicles, YO bykes, Hero Electric, Hybikes, Energica Motor etc.

According to a new market report published by Credence Research, Inc., the global market for electric two-wheelers is projected to generate revenue of US$ 26.76 billion by 2027, increasing to 8.17 per cent of CAGR during the forecast period from 2019 to 2027.

Product Insights

Electric two-wheelers have emerged as an alternative to fuel-powered two-wheelers due to the rapid depletion of fossil fuels and growing environmental concerns worldwide. Electric two-wheelers offer several advantages, such as low running costs, maintenance costs and operating noise, and lower emissions compared to their counterparts. Growing consumer awareness of the impact of carbon emissions combined with government norms and policies is likely to increase global market growth for electric two-wheelers during the forecast period.

Browse the full report at https://www.credenceresearch.com/report/electric-two-wheelers-market

The global market for electric two-wheelers, based on vehicle type, was dominated by the e-scooters segment in 2018. The segment growth is mainly accredited to the high popularity of electric scooters among teenagers as well as its ability to use muscle power in pedaling, electrical power or both. Compact structure, fewer spare parts, ease of maneuvering and less gear shifting are other factors driving the growth of the e-scooters market. In addition, Asia Pacific led the electric two-wheeler market in 2018, accounting for more than 40% of global revenue. Strict emission laws and regulations, the implementation of global initiatives to reduce carbon footprint by governments and the rapid development and deployment of public charging infrastructures are key factors driving the region’s two-wheel market growth.

Emerging economies such as China, Taiwan and India are promoting a shift towards a cleaner alternative with subsidies and incentives for the production and purchase of electric two-wheelers. It is expected that such initiatives will stimulate the growth of the electricity two-wheel market across the region. For example, the German Government announced a 10-year tax exemption for electric vehicle batteries and electric vehicle fuel cells registered between 1 January 2016 and 31 December 2020. As a result of this announcement, sales of electric vehicles in Germany saw an annual increase of 43.9% in 2018.

Competitive Insights:

Major players in the electric two-wheelers market include Zero Motorcycles, Inc., F-wheel DYU, Sunra Electric Vehicles, YO bykes, Hero Electric, Hybikes, Yadea Tech. Group Co., Ampere Vehicles Private Ltd., Vmoto Ltd., Energica Motor Company, Sanyang Industry, Zhejiang Luyuan Electric Vehicle, Guangzhou Camqi Electric Vehicle and Alta Motors among others. Electric two-wheelers manufacturers are adopting several strategies to thrive in volatile market dynamics. New product development, mergers & acquisitions, geographic expansion and competitive pricing are among most significant strategies adopted by key players to have an upper hand in the market.

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Diversification in product offerings to succeed, grow and remain competitive with counterparts is the key focus area for these players. For instance, Greaves Cotton Limited, an Indian e-mobility company has announced its flagship product Zeal electric scooter that offers top speed of 55 kmph. Similarly, geographic expansion is another major strategy adopted by leading players. For instance, Sunra Electric Vehicles, a leading Chinese electric vehicle company, plans to set up a plant in Bengaluru to increase their market penetration in India from 20% to as much as 80%.

Report Scope by Segments

By Vehicle Type Segment

  • E-Scooter
  • E-Motorcycle

By Battery Type Segment

  • Sealed Lead-acid
  • Lithium-ion (Li-ion)

By Technology Segment

  • Plug-in Electric Two-wheeler
  • Battery Electric Two-wheeler

By Battery Voltage Segment

  • 24 V
  • 36 V
  • 48 V
  • More than 48 V

By Geography Segment

  • North America (U.S., Rest of North America)
  • Europe (U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, Japan, India, Rest of Asia Pacific)
  • Rest of the World (Middle East & Africa, Latin America)

Credence Research is providing Free Sample Get it here: https://www.credenceresearch.com/sample-request/59737

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