Malaysia 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 Malaysian electric two-wheeler market is predicted to grow at 15.4. % CAGR during the forecast period, in terms of revenue size. The Malaysian market is primarily driven by the anticipated government initiatives in the coming years along with the need to curb vehicular emissions. Different products including e-scooters and e-bikes are majorly contributing to the electric two-wheeler market size in Malaysia.

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 Malaysian 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

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 Malaysia. Lower prices are the primary reason behind the highest share of sealed lead acid battery in the Malaysian electric two-wheelers market.

Insight by Battery Technology

On the basis of battery technology, the market is categorized into removable battery and non-removable battery. Of both the categories, non-removable batteries are majorly used in the market as it is convenient for electric two-wheelers to plugin 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 Malaysian electric two-wheeler market, followed by 36V two-wheelers.

MALAYSIA ELECTRIC TWO-WHEELERS MARKET HIGHLIGHT

Industry Dynamics

The Malaysian light electric vehicles market is primarily driven by the anticipated government initiatives in the coming years along with need to curb the vehicular emissions. The country had set out the target to support adoption of over 100,000 EVs by 2020. The country has discontinued incentive for electric vehicle in 2014 and this hampers the rapid growth of the market, however, the ambitious plan of the government in the government in the coming years creates to an optimistic scenario in the country for manufacturers.

Competitive Insight

Some of the key players offering electric two-wheelers in the country include Eclimo Sdn. Bhd., Airwheel Holding Limited and Ningbo MYWAY Intelligent Technology Co. Ltd.

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. Malaysia 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.  Eclimo Sdn. Bhd.

6.1.1. Snapshot

6.1.2. Overview

6.1.3. Offerings

6.1.4. Financial Insight

6.1.5. Recent Developments

6.2.  Airwheel Holding Limited

6.2.1. Snapshot

6.2.2. Overview

6.2.3. Offerings

6.2.4. Financial Insight

6.2.5. Recent Developments

6.3.  Ningbo MYWAY Intelligent Technology Co. Ltd.

6.3.1. Snapshot

6.3.2. Overview

6.3.3. Offerings

6.3.4. Financial Insight

6.3.5. 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 Malaysia Electric Two-Wheeler Market Size, By Product, ‘000 Units (2018 – 2022)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Table 20 Snapshot – Eclimo Sdn. Bhd.

Table 21 Snapshot – Airwheel Holding Limited

Table 22 Snapshot – Ningbo MYWAY Intelligent Technology Co. Ltd.

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 Malaysia Electric Two-Wheeler Market - Growth Drivers and Restraints

Figure 9 Value Chain Analysis

Figure 10 Competitive Benchmarking

Figure 11 Malaysia Electric Two-Wheeler Market Highlight

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

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

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

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

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

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

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

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