Indonesia Electric Two-Wheelers Market to Witness 14.2% CAGR During 2018 – 2024, Attaining the Fleet Size of 41.0 Thousand Units by 2024

Published Date: Dec, 2018

The Indonesian electric two-wheeler market is predicted to grow at 14.2% CAGR during the forecast period with its fleet size reaching 41.0 thousand units by 2024.  The Indonesian market is primarily driven by the as large population and supportive government regulations. Some of the other factors fueling the growth of the market are high level of vehicular pollution in the country and increasing demand to reduce CO2 level by introducing a sustainable mode of transport.

Indonesiangovernment plans to collaborate with the manufacturers to increase the electric vehicle fleet size in the country. The market for light electric vehicles is still in its nascent stage in the country. In March 2018, Mitsubishi Motors Corp. has partnered with the Indonesian government on the use of electric vehicles to help the country reduce exhaust emissions and develop a greener environment.

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Based on product, the market is categorized into e-scooters, e-bikes, e-motorcycles and others. E-scooters hold the largest share in the Indonesian market, in terms of revenue as well as fleet size. E-motorcycles are anticipated to witness the fastest growth during the forecast period. 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.

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 Indonesia. Lower prices are the primary reason behind the highest share of sealed lead acid battery in the Indonesian electric two-wheelers market. 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 Indonesian 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.

Zero Motorcycles Inc., Segway, Inc., Viar Motor Indonesia, Skutis Corporation, and Xiomi, Inc. are some of the key players operating in the Indonesian electric two-wheelers market.

Indonesia Electric Two-Wheelers Market Coverage

 

Product Insight and Forecast 2014-2024

  • E-scooters
  • E-bikes
  • E-motorcycles
  • Others

Battery Type Insight and Forecast 2014-2024

  • Sealed Lead Acid
  • Li-ion
  • Ni-MH

Technology Insight and Forecast 2014-2024

  • Plugin
  • Battery

Voltage Insight and Forecast 2014-2024

  • 24V
  • 36V
  • 48V
  • 60V
  • 72V
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Indonesia Electric Two-Wheelers Market to Witness 14.2% CAGR During 2018 – 2024, Attaining the Fleet Size of 41.0 Thousand Units by 2024