| Status : Published | Published On : Dec, 2023 | Report Code : VRAT4047 | Industry : Automotive & Transportation | Available Format :
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Page : 77 |
Indonesia Electric Two-Wheeler Market – Analysis and Forecast (2025-2030)
Industry Insights by Product (E-scooters, E-bikes, E-motorcycles, Others), by Battery Type (Sealed Lead Acid, Li-ion, Ni-MH), by Battery Technology (Removable Battery, Non-removable Battery), by Voltage (24V, 36V, 48V, 60V, 72V)
Industry Overview
The Indonesian Electric Two-Wheeler Market is predicted to grow at 15.2% CAGR during the forecast period with its fleet size reaching 44.0 thousand units by 2030. The Indonesian light electric vehicles market is primarily driven by a high level of vehicular pollution in the country and increasing demand to reduce CO2 levels by introducing a sustainable mode of transport. Different products including e-scooters and e-bikes are majorly contributing to the electric two-wheeler market size in Indonesia.
Market Segmentation
Insight by Product
Based on product, the market is categorized into e-scooters, e-bikes, e-motorcycles, and others. E-scooters hold the largest share in the Indonesian market, in terms of revenue as well as fleet size. E-motorcycles are anticipated to witness the fastest growth during the forecast period. E-motorbikes also called electric motorcycles are plug-in electric vehicles, that function similarly to a traditional motorcycle but make use of electricity in place of gasoline. The e-motorbikes have a slightly higher speed compared to e-bikes and e-scooters, which are generally more than 50km/hr.
Insight by Battery Type
Based on battery type, the market is segmented into sealed lead acid, Li-ion, and NiMH. Of all, sealed lead acid is the most common type of battery used in electric two-wheelers in Indonesia. Lower prices are the primary reason behind the highest share of sealed lead acid batteries in the Indonesian electric two-wheelers market.
Insight by Battery Technology
Based on battery technology, the market is categorized into removable batteries and non-removable batteries. Of both categories, non-removable batteries are majorly used in the market as it is convenient for electric two-wheelers to plug in and charge batteries instead of removing and charging indoors.
Insight by Voltage
Based on voltage, the market is segmented into 24V, 36V, 48V, 60V, 72V. Of all, 48V electric two-wheelers hold the largest share in the Indonesian electric two-wheeler market, followed by 36V two-wheelers. Most of the e-scooters run with a battery of 48V which provides optimum power to perform better in the congested metropolitan cities of the country.
Global Indonesia Electric Two-Wheeler Market Report Coverage
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Report Metric |
Details |
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Historical Period |
2018 - 2023 |
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Base Year Considered |
2024 |
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Forecast Period |
2025 - 2030 |
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Market Size in 2023 |
U.S.D. XX Billion |
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Revenue Forecast in 2030 |
U.S.D. 44.0 Billion |
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Growth Rate |
15.2% |
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Segments Covered in the Report |
By Product,By Battery Type,By Battery Technology |
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Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
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Regions Covered in the Report |
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Industry Dynamics
The increasing awareness regarding the usage of electric vehicles, the need to curb vehicular emissions, and government initiatives are the key factors fueling the growth of the electric-two-wheelers market in Indonesia. The government plans to collaborate with the manufacturers to increase the electric vehicle fleet size in the country. The market for light electric vehicles is still in its nascent stage in the country. In March 2018, Mitsubishi Motors Corp. partnered with the Indonesian government on the use of electric vehicles to help the country reduce exhaust emissions and develop a greener environment.
However, the high cost of the battery and thus of electric vehicles is the key factor hindering the growth of the Indonesian electric two-wheelers market.
Competitive Insight
Zero Motorcycles Inc., Segway, Inc., Viar Motor Indonesia, Skutis Corporation, and Xiomi, Inc. are some of the key players operating in the Indonesian electric two-wheelers market.
The Indonesia Electric Two-Wheeler Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.
Segments Covered in the Report
- Product
- E-scooters
- E-bikes
- E-motorcycles
- Others
- Battery Type
- Sealed Lead Acid
- Li-ion
- Ni-MH
- Technology
- Plugin
- Battery
- Voltage
- 24V
- 36V
- 48V
- 60V
- 72V
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Indonesia Electric Two-Wheeler Market