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
Report Metric
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Details
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Historical Period
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2018 - 2023
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Base Year Considered
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2024
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Forecast Period
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2025 - 2030
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Market Size in 2023
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U.S.D. XX Billion
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Revenue Forecast in 2030
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U.S.D. XX Billion
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Growth Rate
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7.1%
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Segments Covered in the Report
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By Product,By Battery Type,By Battery Technology,By Voltage
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Report Scope
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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
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Regions Covered in the Report
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Philippines
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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
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.
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
- Voltage Insight and Forecast 2025-2030
PRIMARY RESEARCH INTERVIEWS - BREAKDOWN