Philippines Electric Two-Wheeler Market – Analysis and Forecast (2021-2027)

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 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

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 Philippines. Lower prices are the primary reason behind the highest share of sealed lead acid battery in the Philippines 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 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 it optimum power to perform better in the congested metropolitan cities of the country.

PHILIPPINES ELECTRIC TWO_WHEELERS MARKET HIGHLIGHT

Industry Dynamics

The Philippines light electric vehicles market is rapidly growing due to the efforts of the 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 of within a ten-year period.

• 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

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.

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. Philippines 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.  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 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 Philippines Electric Two-Wheeler Market Size, By Product, ‘000 Units (2015 – 2020)

Table 5 Philippines Electric Two-Wheeler Market Size, By Product, ‘000 Units (2021 – 2027)

Table 6 Philippines Electric Two-Wheeler Market Size, By Product, USD Million (2015 – 2020)

Table 7 Philippines Electric Two-Wheeler Market Size, By Product, USD Million (2021 – 2027)

Table 8 Philippines Electric Two-Wheeler Market Size, By Battery Type, ‘000 Units (2015 – 2020)

Table 9 Philippines Electric Two-Wheeler Market Size, By Battery Type, ‘000 Units (2021 – 2027)

Table 10 Philippines Electric Two-Wheeler Market Size, By Battery Type, USD Million (2015 – 2020)

Table 11 Philippines Electric Two-Wheeler Market Size, By Battery Type, USD Million (2021 – 2027)

Table 12 Philippines Electric Two-Wheeler Market Size, By Technology, ‘000 Units (2015 – 2020)

Table 13 Philippines Electric Two-Wheeler Market Size, By Technology, ‘000 Units (2021 – 2027)

Table 14 Philippines Electric Two-Wheeler Market Size, By Technology, USD Million (2015 – 2020)

Table 15 Philippines Electric Two-Wheeler Market Size, By Technology, USD Million (2021 – 2027)

Table 16 Philippines Electric Two-Wheeler Market Size, By Voltage, ‘000 Units (2015 – 2020)

Table 17 Philippines Electric Two-Wheeler Market Size, By Voltage, ‘000 Units (2021 – 2027)

Table 18 Philippines Electric Two-Wheeler Market Size, By Voltage, USD Million (2015 – 2020)

Table 19 Philippines Electric Two-Wheeler Market Size, By Voltage, USD Million (2021 – 2027)

Table 20 Snapshot – Xiaomi Inc.

Table 21 Snapshot – Gxsun Corp.

Table 22 Snapshot – Terra Motors Corporation

Table 23 Snapshot – Tinker Motors Inc.

Table 24 Snapshot – Dongguan Tailing Electric Vehicle 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 Philippines Electric Two-Wheeler Market - Growth Drivers and Restraints

Figure 9 Value Chain Analysis

Figure 10 Competitive Benchmarking

Figure 11 Philippines Electric Two-Wheeler Market Highlight

Figure 12 Philippines Electric Two-Wheeler Market Size, By Product, ‘000 Units (2015 – 2027)

Figure 13 Philippines Electric Two-Wheeler Market Size, By Product, USD Million (2015 – 2027)

Figure 14 Philippines Electric Two-Wheeler Market Size, By Battery Type, ‘000 Units (2015 – 2027)

Figure 15 Philippines Electric Two-Wheeler Market Size, By Battery Type, USD Million (2015 – 2027)

Figure 16 Philippines Electric Two-Wheeler Market Size, By Technology, ‘000 Units (2015 – 2027)

Figure 17 Philippines Electric Two-Wheeler Market Size, By Technology, USD Million (2015 – 2027)

Figure 18 Philippines Electric Two-Wheeler Market Size, By Voltage, ‘000 Units (2015 – 2027)

Figure 19 Philippines Electric Two-Wheeler Market Size, By Voltage, USD Million (2015 – 2027)