Status : Published | Published On : Dec, 2023 | Report Code : VRAT4049 | Industry : Automotive & Transportation | Available Format : | Page : 74 |
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. 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
Based on battery type, the market is segmented into sealed lead acid, Li-ion, and NiMH. Sealed lead acid is the most common type of battery used in electric two-wheelers in Malaysia. Lower prices are the primary reason behind the highest share of sealed lead acid batteries in the Malaysian electric two-wheelers market.
Insight by Battery Technology
Based on battery technology, the market is categorized into removable 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 Malaysian electric two-wheeler market, followed by 36V two-wheelers.
Global Malaysia 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 |
15.4% |
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 |
XX |
Industry Dynamics
The Malaysian light electric vehicles market is primarily driven by the anticipated government initiatives in the coming years along with the need to curb vehicular emissions. The country had set out the target to support the adoption of over 100,000 EVs by 2020. The country discontinued incentives for electric vehicles in 2014 and this hampers the rapid growth of the market, however, the ambitious plan of the government in the government in coming years creates 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.
The Malaysia 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
PRIMARY RESEARCH INTERVIEWS - BREAKDOWN
Malaysia Electric Two-Wheeler Market