| Status : Published | Published On : Dec, 2023 | Report Code : VRAT4052 | Industry : Automotive & Transportation | Available Format :
|
Page : 107 |
Asia 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 Asian Electric Two-Wheeler Market is predicted to grow at 7.5% CAGR during the forecast period with its fleet size reaching 0.062 billion units by 2030. The Asian market is primarily driven by technological advancements in battery technology, government support and initiatives for electric vehicles, and increasing awareness for curbing vehicular emissions. Different products including e-scooters and e-bikes are majorly contributing to the electric two-wheeler market size in Asia. The market has witnessed significant demand for these products over the last few years with the increasing disposable income and rapid urbanization.
Market Segmentation
Insight by Product
Based on product, the market is categorized into e-scooters, e-bikes, e-motorcycles, and others. E-scooters held the largest share of more than 55% in the Asian electric two-wheeler market in terms of fleet size. The increasing popularity of electric scooters among the younger generation especially working professionals and students leads to the largest share of the category.
Insight by 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 electric two-wheelers in Asia. The highest share of sealed lead acid batteries in the market is due to the lower prices and high output of these batteries.
Insight by Battery Technology
On the basis of 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-wheeler holds the largest share in the Asian electric two-wheeler market, followed by 36V two-wheelers. Most of the e-rickshaws and e-scooters are being developed with a battery of 48V thus leading to the largest share of the category.
Asia 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. XXXX Units |
|
Revenue Forecast in 2030 |
U.S.D. 0.062 Units |
|
Growth Rate |
7.5% |
|
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 |
China,India, By Indonesia,Thailand,Malaysia,Philippines,Vietnam |
Industry Dynamics
ASIA ELECTRIC TWO-WHEELERS MARKET HIGHLIGHT
The technological advancements in battery technology, government support and initiatives for electric vehicles, and increasing awareness for curbing vehicular emissions Technological advancements in the electric vehicle industry have made electric two-wheelers affordable and increased their performance and efficiency. The major reason for the affordable prices of electric scooters and bikes is the advancement in battery technology. The decline in electric vehicle battery cost has an overall impact on the cost of an electric vehicle. OEMs are investing capital in research and development to further increase the efficiency of the electric battery along with reducing their cost. Most of the light electric vehicles run on lithium-ion batteries, for which manufacturers are researching to increase its charging capacity.
However, the cost of battery, lack of adequate charging infrastructure and competition from gasoline-driven two-wheelers are the key factors hindering the growth of the Asian electric two-wheelers market.
Competitive Insight
Market players in the Asian electric two-wheeler industry are investing huge capital in battery technology, motor technology, and capacity expansion in order to cater to rising demand.
HERO ELECTRIC is a pioneer and market leader in the Indian electric two-wheeler industry. Company have been the front runner for electric mobility in India for over a decade and offers an ecological 2-wheeler solution to their consumers that gives value for money. Hero Electric’s mission of “No Emission” supports to make the country greener with ‘Zero Pollution’ transportation through its wide range of electric vehicles. Every product manufactured by them is closely inspected, rigorously tested by quality engineers and put through 46 stringent quality checks before it reaches the customers that makes them quality seekers and a quality conscious entity. It is a SA 8000 certified organization that is socially responsible, environmentally conscious and professionally ethical in its business operations.
Yadea, the world's leading electric two-wheeler brand, has ranked global No.1 in annual sales for last 6 consecutive years, with the product ranges mainly covering high-performance electric mopeds, electric bicycles, electric motorcycles and electric kick scooters.
Hero Electric Vehicles Pvt. Ltd., Yadea Technology Group, Jiangsu Kingbon Vehicle Co., Ltd, AIMA Technology Group Co. Ltd, Zhejiang Luyuan Electric Vehicle Co., Ltd., Jiangsu Xinri E-Vehicle Co., Ltd. (SUNRA), Ather Energy, Spero Electric, Honda Motor Co. Ltd., Terra Motors Corporation, Unistar Co. Ltd., Segway Inc., UDA Motor Co. Ltd, Ningbo MYWAY Intelligent Technology Co. Ltd, Viar Motor Indonesia, Zero Motorcycles Inc., Xiaomi Inc., and Lohia Auto Industries are some of the key players operating in the Asian electric two-wheelers market.
Recent Developments by Key Players
Yadea (the world's leading brand of electric two-wheelers) inuagurated its new factory in Karawang, Indonesia, which will be Yadea's eighth factory globally and will be its largest factory in Southeast Asia. This event marks an important milestone in aYadea's commitment to innovation and excellence in electric vehicles.
Hero Electric has launched its new range of electric scooters of Optima CX5.0, Optima CX2.0 and NYX in the Indian market. The newly updated Comfort and City speed scooters are now available for purchase at a price range of 85,000-95,000 and 105,000-130,000, respectively. These new range of electric scooters are available in various colours like dark matt blue, matt maroon colors and charcoal black. These electric scooters boasts advanced Japanese motor technology that promises a seamless riding experience and also feature German ECU technology for accurate performance.
The Asia 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
- Country
- China
- India
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
PRIMARY RESEARCH INTERVIEWS - BREAKDOWN
Frequently Asked Questions
Place an order
Latest Report
Research Methodology
- Desk Research / Pilot Interviews
- Build Market Size Model
- Research and Analysis
- Final Deliverabvle
CONNECT WITH OUR SALES TEAM
- Toll-Free: 1 888 253 3960
- Phone: +91 9960 288 381
- Email: enquiry@vynzresearch.com
Asia Electric Two-Wheeler Market