Philippines Electric Two-Wheeler Market

Industry Overview

The Philippines Electric Two-Wheeler Market is predicted to grow at 7.1% CAGR during the forecast period in terms of revenue size. The Philippines market is primarily driven by the rapidly growing due to the efforts of the non-government and government organizations. Different products including e-scooters and e-bikes are majorly contributing to the electric two-wheeler market size in the Philippines.

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 Philippines 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. Of all, sealed lead acid is the most common type of battery used in electric two-wheelers in the Philippines. Lower prices are the primary reason behind the highest share of sealed lead acid batteries in the Philippine's electric two-wheelers market.

Insight by Battery Technology

Based on battery technology, the market is categorized into removable battery and non-removable battery. 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 Philippines electric two-wheeler market, followed by 36V two-wheelers. Most of the e-scooters run with a battery of 48V which provides optimum power to perform better in the congested metropolitan cities of the country.

Global Philippines Electric Two-Wheeler Market Report Coverage

Industry Dynamics

The Philippine's light electric vehicles market is rapidly growing due to the efforts of non-government and government organizations. The Electric Vehicle Association of the Philippines (EVAP) plans for a national development program for electric vehicles that is anchored on the existing Motor Vehicle Development Program for the automotive industry. As per the association, this is to be implemented in four (4) phases within ten years.

• The first phase (2013) is the launch of the program, including technology upgrading needed by the industry.
• The second phase (2014 to 2015) involves the build-up of the local market and enhancement of its production capacity.
• The third phase (2016 to 2018) involves local and export market expansion and horizontal and vertical integration with the local automotive industry, and
• The fourth phase (2019 to 2023) will be the full integration, regional and global, developmental evolution in technological advancement and market size up.

Competitive Insight

Terra Motors designs and manufactures electric two wheelers and three wheelers with well experienced Japanese engineers. Company's core technology is power train system including charger, motor, battery and controller. Their production plant is in Bangladesh,Vietnam, India and Japan.

Xiaomi Inc., Gxsun corp., Terra Motors Corporation, Tinker Motors Inc., and Dongguan Tailing Electric Vehicle Co. Ltd. are some of the key players operating in the Philippines electric two-wheelers market.

Recent Developments by Key Players

Cirtek Holdings Philippines Corp. has started manufacturing and assembling electric motorcycles and lithium-ion battery packs. This initiative, led by Cirtek's business unit, Cirtek Advanced Technologies and Solutions Inc. (CATSI), is set to take place at their Laguna Technopark facility in Biñan City, Laguna. This venture marks a notable development in the Philippines' electric vehicle sector, especially since Cirtek aims to produce up to a million units within the next three to four years. These units are intended solely for domestic sales, underscoring a significant push towards adopting eco-friendly transportation solutions in the Philippines.

Ayala Corporation (Philippines) has teamed up with Taiwan's Gogoro in a strategic move to enter the electric scooter market in the Philippines. This collaboration aims to boost Ayala's presence in sustainable transportation by importing, selling, and maintaining Gogoro's e-scooters. They also plan to develop battery-swapping stations to support this venture, enhancing the infrastructure needed for e-scooters in urban areas.

The Philippines 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 Insight and Forecast 2025-2030
  • 24V
  • 36V
  • 48V
  • 60V
  • 72V

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
                1.2.6.    By Country
        1.3.    Research Phases
        1.4.    Limitations
        1.5.    Market Methodology
                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.    Industry Overview

        3.1.    Industry Dynamics
                3.1.1.    Market Growth Drivers
                3.1.2.    Market Restraints
                3.1.3.    Key Market Trends
                3.1.4.    Major Opportunities
        3.2.    Industry Ecosystem
                3.2.1.    Porter’s Five Forces Analysis
                3.2.2.    Recent Development Analysis
                3.2.3.    Value Chain Analysis
        3.3.    Competitive Insight
                3.3.1.    Competitive Position of Industry Players
                3.3.2.    Market Attractive Analysis
                3.3.3.    Market Share Analysis

4.    Philippines Market Estimate and Forecast

        4.1.    Philippines Market Overview
        4.2.    Philippines Market Estimate and Forecast to 2030

5.    Market Segmentation Estimate and Forecast

        5.1.    By Product
                5.1.1.  E-scooters
                        5.1.1.1. Market Definition
                        5.1.1.2. Market Estimation and Forecast to 2030 
                5.1.2.  E-bikes
                        5.1.2.1. Market Definition
                        5.1.2.2. Market Estimation and Forecast to 2030
                5.1.3.  E-motorcycles
                        5.1.3.1. Market Definition
                        5.1.3.2. Market Estimation and Forecast to 2030
                5.1.4.  Others
                        5.1.4.1. Market Definition
                        5.1.4.2. Market Estimation and Forecast to 2030
        5.2.    By Battery Type
                5.2.1.  Sealed Lead Acid
                        5.2.1.1. Market Definition
                        5.2.1.2. Market Estimation and Forecast to 2030
                5.2.2.  Li-ion
                        5.2.2.1. Market Definition
                        5.2.2.2. Market Estimation and Forecast to 2030
                5.2.3.  Ni-MH
                        5.2.3.1. Market Definition
                        5.2.3.2. Market Estimation and Forecast to 2030                                          
        5.3     By Battery Technology
                5.3.1.  Removable Battery 
                        5.3.1.1. Market Definition
                        5.3.1.2. Market Estimation and Forecast to 2030    
                5.3.2.  Non-Removable Battery
                        5.3.2.1. Market Definition
                        5.3.2.2. Market Estimation and Forecast to 2030          
        5.4.    By Voltage
                5.4.1.  24V 
                        5.4.1.1. Market Definition
                        5.4.1.2. Market Estimation and Forecast to 2030
                5.4.2.  36V
                        5.4.2.1. Market Definition
                        5.4.2.2. Market Estimation and Forecast to 2030
                5.4.3.  48V
                        5.4.3.1. Market Definition
                        5.4.3.2. Market Estimation and Forecast to 2030
                5.4.4.  60V
                        5.4.4.1. Market Definition
                        5.4.4.2. Market Estimation and Forecast to 2030
                5.4.5.  72V
                        5.4.5.1. Market Definition
                        5.4.5.2. Market Estimation and Forecast to 2030

6.    Company Profiles

        6.1.   Xiaomi 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.   Gxsun Corp.
                6.2.1.    Snapshot
                6.2.2.    Overview
                6.2.3.    Offerings
                6.2.4.    Financial Insight
                6.2.5.    Recent Developments
        6.3.   Terra Motors Corporation
                6.3.1.    Snapshot
                6.3.2.    Overview
                6.3.3.    Offerings
                6.3.4.    Financial Insight
                6.3.5.    Recent Developments
        6.4.   Tinker Motors Inc.
                6.4.1.    Snapshot
                6.4.2.    Overview
                6.4.3.    Offerings
                6.4.4.    Financial Insight
                6.4.5.    Recent Developments
        6.5.   Dongguan Tailing Electric Vehicle Co. Ltd.
                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 insight and recent developments of different companies are subject to the availability of information in the secondary domain.

List of Tables

Table 1 Product 
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4 Philippines Electric Two-Wheeler Market Size, by Product, 2018-2023 (USD Billion)
Table 5 Philippines Electric Two-Wheeler Market Size, by Product, 2025-2030 (USD Billion)
Table 6 Philippines Electric Two-Wheeler Market Size, by Battery Type, 2018-2023 (USD Billion)
Table 7 Philippines Electric Two-Wheeler Market Size, by Battery Type, 2025-2030 (USD Billion)
Table 8 Philippines Electric Two-Wheeler Market Size, by Battery Technology, 2018-2023 (USD Billion)
Table 9 Philippines Electric Two-Wheeler Market Size, by Battery Technology, 2025-2030 (USD Billion)
Table 10 Philippines Electric Two-Wheeler Market Size, by Voltage, 2018-2023 (USD Billion)
Table 11 Philippines Electric Two-Wheeler Market Size, by Voltage, 2025-2030 (USD Billion)
Table 12 Philippines Electric Two-Wheeler Market Size, by Country, 2018-2023 (USD Billion)
Table 13 Philippines Electric Two-Wheeler Market Size, by Country, 2025-2030 (USD Billion)
Table 14 Snapshot – Xiaomi Inc.
Table 15 Snapshot – Gxsun Corp.
Table 16 Snapshot – Terra Motors Corporation
Table 17 Snapshot – Tinker Motors Inc.
Table 18 Snapshot – Dongguan Tailing Electric Vehicle Co. Ltd.

List of Figures

Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Product 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 Market Synopsis
Figure 9 Philippines Electric Two-Wheeler Market  - Growth Drivers and Restraints
Figure 10 Competitive Benchmark
Figure 11 Philippines Electric Two-Wheeler Market  Highlight
Figure 12 Philippines Electric Two-Wheeler Market Size, by Product, 2018 – 2030 (USD Billion)
Figure 13 Philippines Electric Two-Wheeler Market Size, by Battery Type  2018 – 2030 (USD Billion)
Figure 14 Philippines Electric Two-Wheeler Market Size, by Battery Technology   2018 – 2030 (USD Billion)
Figure 15 Philippines Electric Two-Wheeler Market Size, by  Voltage  2018 – 2030 (USD Billion)
Figure 16 Philippines Electric Two-Wheeler Market Size, by Application   2018 – 2030 (USD Billion)
Figure 17 Philippines Electric Two-Wheeler Market Size, by Country, 2018 – 2030 (USD Billion)