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Status : Published Published On : Dec, 2023 Report Code : VRAT4050 Industry : Automotive & Transportation Available Format : Page : 95
2025
2030

Philippines 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)

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Industry Overview

The Philippines Electric Two-Wheeler Market is predicted to grow at 7.1% CAGR during the forecast period in terms of revenue size. The Philippines market is primarily driven by the rapidly growing due to the efforts of the non-government and government organizations. Different products including e-scooters and e-bikes are majorly contributing to the electric two-wheeler market size in the Philippines.

Philippines Electric Two-Wheeler Market

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 Philippines market, in terms of revenue as well as fleet size. E-motorcycles are anticipated to witness the fastest growth during the forecast period.

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 the Philippines. Lower prices are the primary reason behind the highest share of sealed lead acid batteries in the Philippine's electric two-wheelers market.

Insight by Battery Technology

Based on battery technology, the market is categorized into removable battery and non-removable battery. 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 Philippines 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 Philippines Electric Two-Wheeler Market Report Coverage

Report Metric

Details

Historical Period

2018 - 2023

Base Year Considered

2024

Forecast Period

2025 - 2030

Market Size in 2023

U.S.D.  XX Billion

Revenue Forecast in 2030

U.S.D.  XX Billion

Growth Rate

7.1%

Segments Covered in the Report

By Product,By Battery Type,By Battery Technology,By Voltage

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

Regions Covered in the Report

Philippines

Industry Dynamics

The Philippine's light electric vehicles market is rapidly growing due to the efforts of non-government and government organizations. The Electric Vehicle Association of the Philippines (EVAP) plans for a national development program for electric vehicles that is anchored on the existing Motor Vehicle Development Program for the automotive industry. As per the association, this is to be implemented in four (4) phases within ten years.

  • The first phase (2013) is the launch of the program, including technology upgrading needed by the industry.
  • The second phase (2014 to 2015) involves the build-up of the local market and enhancement of its production capacity.
  • The third phase (2016 to 2018) involves local and export market expansion and horizontal and vertical integration with the local automotive industry, and
  • The fourth phase (2019 to 2023) will be the full integration, regional and global, developmental evolution in technological advancement and market size up.

Competitive Insight

Xiaomi Inc., Gxsun corp., Terra Motors Corporation, Tinker Motors Inc., and Dongguan Tailing Electric Vehicle Co. Ltd. are some of the key players operating in the Philippines electric two-wheelers market.

The Philippines 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 Insight and Forecast 2025-2030
    • 24V
    • 36V
    • 48V
    • 60V
    • 72V

 

PRIMARY RESEARCH INTERVIEWS - BREAKDOWN
Philippines Electric Two-Wheeler Market

Frequently Asked Questions

Market Classification on the basis of battery Type?

On the basis of 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 the electric two-wheelers in Philippines.

Which are the major product type for this market?

Based on product, the market is categorized into e-scooters, e-bikes, e-motorcycles and others. E-scooters hold the largest share in the Philippines market, in terms of revenue as well as fleet size. E-motorcycles are anticipated to witness the fastest growth during the forecast period.

Industry Dynamics of Philippines Electric Two-Wheeler Market?

The Philippines light electric vehicles market is rapidly growing due to the efforts of the non-government and government organizations. The Electric Vehicle Association of the Philippines (EVAP) plans for a national development program for electric vehicles that is anchored on the existing Motor Vehicle Development Program for the automotive industry. As per the association, this is to be implemented in four (4) phases of within a ten-year period.

Key Players

Xiaomi Inc., Gxsun corp., Terra Motors Corporation, Tinker Motors Inc., and Dongguan Tailing Electric Vehicle Co. Ltd. are some of the key players operating in the Philippines electric two-wheelers market.

Philippines Electric Two-Wheeler Market classification by Products?

Based on product, the market is categorized into e-scooters, e-bikes, e-motorcycles and others. E-scooters hold the largest share in the Philippines market, in terms of revenue as well as fleet size. E-motorcycles are anticipated to witness the fastest growth during the forecast period.
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Research Methodology

  •  Desk Research / Pilot Interviews
  •  Build Market Size Model
  •  Research and Analysis
  •  Final Deliverabvle

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Philippines Electric Two-Wheeler Market

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