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Status : Published Published On : Dec, 2023 Report Code : VRAT4049 Industry : Automotive & Transportation Available Format : Page : 74
2025
2030

Malaysia 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 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.

Malaysia Electric Two-Wheeler Market

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

  • 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

 

PRIMARY RESEARCH INTERVIEWS - BREAKDOWN
Malaysia Electric Two-Wheeler Market Analysis

Frequently Asked Questions

Which are the major growth driver for this market?

The Malaysia Electric Two-Wheeler Market is primarily driven by the anticipated government initiatives in the coming years along with need to curb the vehicular emissions.

Which are the major product for this market?

Based on product, the market is categorized into e-scooters, e-bikes, e-motorcycles and others.

Which are the major companies operating the market?

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.

Which are the major battery technology for this market?

On the basis of battery type, the market is segmented into sealed lead acid, Li-ion, and NiMH.

What is expected growth rate of the market by the year 2030?

The Malaysian electric two-wheeler market is predicted to grow at 15.4. % CAGR 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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Malaysia Electric Two-Wheeler Market

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