Indonesia Electric Two-Wheeler Market – Analysis and Forecast (2023-2030)

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. Indonesian light electric vehicles market is primarily driven by high level of vehicular pollution in the country and increasing demand to reduce CO2level 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 functions 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

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 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

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 Indonesian electric two-wheeler market, followed by 36V two-wheelers. Most of the e-scooters run with a battery of 48V which provides it optimum power to perform better in the congested metropolitan cities of the country.

INDONESIA ELECTRIC TWO_WHEELERS MARKET HIGHLIGHT

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. 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.

PRIMARY RESEARCH INTERVIEWS - BREAKDOWN

1. Research Overview

1.1.  The Report Offers

1.2.  Market Coverage

1.2.1. By Product

1.2.2. By Battery Type

1.2.3. By Battery Technology

1.2.4. By Voltage

1.3.  Research Phases

1.4.  Limitations

1.5.  Market Size Estimations and Forecast

1.5.1. Data Sources

1.5.1.1. Primary Research

1.5.1.2. Secondary Research

1.5.2. Methodology

1.5.2.1. Data Exploration

1.5.2.2. Forecast Parameters

1.5.2.3. Data Validation

1.5.2.4. Assumptions

1.5.3. Study Period & Data Reporting Unit

2. Executive Summary

3. Market Definition

3.1.  By Product

3.1.1. E-Scooters

3.1.2. E-Bikes

3.1.3. E-Motorbikes

3.1.4. Others

3.2.  By Battery Type

3.2.1. Sealed Lead Acid

3.2.2. Li-ion

3.2.3. Ni-MH

3.3.  By Battery Technology

3.3.1. Non-removable/Plugin

3.3.2. Removable

3.4.  By Voltage

3.4.1. 24V

3.4.2. 36V

3.4.3. 48V

3.4.4. 60V

3.4.5. 72V

4. Industry Overview

4.1.  Industry Dynamics

4.1.1. Major Drivers

4.1.2. Major Restraints

4.1.3. Key Trends

4.1.4. Key Opportunities

4.2.  Industry Ecosystem

4.2.1. Value Chain Analysis

4.2.2. Regulatory Framework

4.3.  Competitive Insight

4.3.1. Competitive Analysis of Key Players

4.3.2. Market Attractive Analysis

5. Indonesia Market Estimate and Forecast

5.1.  By Product

5.2.  By Battery Type

5.3.  By Battery Technology

5.4.  By Voltage

6. Company Profiles

6.1.  Zero Motorcycles Inc.

6.1.1. Snapshot

6.1.2. Overview

6.1.3. Offerings

6.1.4. Financial Insight

6.1.5. Recent Developments

6.2.  Segway, Inc.

6.2.1. Snapshot

6.2.2. Overview

6.2.3. Offerings

6.2.4. Financial Insight

6.2.5. Recent Developments

6.3.  Viar Motor Indonesia

6.3.1. Snapshot

6.3.2. Overview

6.3.3. Offerings

6.3.4. Financial Insight

6.3.5. Recent Developments

6.4.  Skutis Corporation

6.4.1. Snapshot

6.4.2. Overview

6.4.3. Offerings

6.4.4. Financial Insight

6.4.5. Recent Developments

6.5.  Xiomi, Inc.

6.5.1. Snapshot

6.5.2. Overview

6.5.3. Offerings

6.5.4. Financial Insight

6.5.5. Recent Developments

7. Appendix

7.1.  Exchange Rates

7.2.  Abbreviations

Note: Financial insights and recent developments are subject to availability of information in secondary domain.

List of Tables

Table 1 Sources

Table 2 Study Periods

Table 3 Data Reporting Unit

Table 4 Indonesia Electric Two-Wheeler Market Size, By Product, ‘000 Units (2018 – 2022)

Table 5 Indonesia Electric Two-Wheeler Market Size, By Product, ‘000 Units (2023 – 2030)

Table 6 Indonesia Electric Two-Wheeler Market Size, By Product, USD Billion (2018 – 2022)

Table 7 Indonesia Electric Two-Wheeler Market Size, By Product, USD Billion (2023 – 2030)

Table 8 Indonesia Electric Two-Wheeler Market Size, By Battery Type, ‘000 Units (2018 – 2022)

Table 9 Indonesia Electric Two-Wheeler Market Size, By Battery Type, ‘000 Units (2023 – 2030)

Table 10 Indonesia Electric Two-Wheeler Market Size, By Battery Type, USD Billion (2018 – 2022)

Table 11 Indonesia Electric Two-Wheeler Market Size, By Battery Type, USD Billion (2023 – 2030)

Table 12 Indonesia Electric Two-Wheeler Market Size, By Technology, ‘000 Units (2018 – 2022)

Table 13 Indonesia Electric Two-Wheeler Market Size, By Technology, ‘000 Units (2023 – 2030)

Table 14 Indonesia Electric Two-Wheeler Market Size, By Technology, USD Billion (2018 – 2022)

Table 15 Indonesia Electric Two-Wheeler Market Size, By Technology, USD Billion (2023 – 2030)

Table 16 Indonesia Electric Two-Wheeler Market Size, By Voltage, ‘000 Units (2018 – 2022)

Table 17 Indonesia Electric Two-Wheeler Market Size, By Voltage, ‘000 Units (2023 – 2030)

Table 18 Indonesia Electric Two-Wheeler Market Size, By Voltage, USD Billion (2018 – 2022)

Table 19 Indonesia Electric Two-Wheeler Market Size, By Voltage, USD Billion (2023 – 2030)

Table 20 Snapshot – Zero Motorcycles Inc.

Table 21 Snapshot – Segway, Inc.

Table 22 Snapshot – Viar Motor Indonesia

Table 23 Snapshot – Skutis Corporation

Table 24 Snapshot – Xiomi, Inc.

List of Figures

Figure 1 Market Coverage

Figure 2 Research Phases

Figure 3 Secondary Sources for Different Parameters

Figure 4 Methodology

Figure 5 Data Mining & Exploration

Figure 6 Data Triangulation

Figure 7 Assumptions for Market Estimation and Forecast

Figure 8 Indonesia Electric Two-Wheeler Market - Growth Drivers and Restraints

Figure 9 Value Chain Analysis

Figure 10 Competitive Benchmarking

Figure 11 Indonesia Electric Two-Wheeler Market Highlight

Figure 12 Indonesia Electric Two-Wheeler Market Size, By Product, ‘000 Units (2018 – 2030)

Figure 13 Indonesia Electric Two-Wheeler Market Size, By Product, USD Billion (2018 – 2030)

Figure 14 Indonesia Electric Two-Wheeler Market Size, By Battery Type, ‘000 Units (2018 – 2030)

Figure 15 Indonesia Electric Two-Wheeler Market Size, By Battery Type, USD Billion (2018 – 2030)

Figure 16 Indonesia Electric Two-Wheeler Market Size, By Technology, ‘000 Units (2018 – 2030)

Figure 17 Indonesia Electric Two-Wheeler Market Size, By Technology, USD Billion (2018 – 2030)

Figure 18 Indonesia Electric Two-Wheeler Market Size, By Voltage, ‘000 Units (2018 – 2030)

Figure 19 Indonesia Electric Two-Wheeler Market Size, By Voltage, USD Billion (2018 – 2030)