Overview

The Electric Two-Wheelers Market is expected to grow at a CAGR of 31.8% during the forecast period (2024-2031). 

Electric two-wheelers are vehicles equipped with an electric motor, which may or may not have pedals. These two-wheelers use an electric motor for propulsion and are powered by rechargeable batteries. Depending on the product type, electric two-wheelers can resemble either traditional bicycles or conventional combustion engine motorcycles.

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Market Growth Trends

The global electric two-wheeler market is largely driven by stringent government regulations and regular renewals aimed at reducing vehicle emissions and lowering carbon footprints. Favorable initiatives and increasing environmental awareness among the public, along with a focus on safety, are key factors contributing to the rising popularity of electric two-wheelers across all regions.

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Market is Segmented

By Product Type:  Pedal-assisted (Pedelecs), Throttle-assisted (Power-on-demand)

By Battery Type:  Lead-acid, Nickel-metal hydride (NiMH), Lithium-ion (Li-ion)

By Region:  North America, Latin America, Europe, Asia Pacific, Middle East, and Africa

Market Key Players

·         Robert Bosch GmbH

·         Accell Group N.V.

·         Giant Manufacturing Co. Ltd.

·         Derby Cycle Holding GmbH

·         Jiangsu Xinri E-Vehicle Co. Ltd.

·         Panasonic Corp

·         Bionx International Corporation

·         Mahindra & Mahindra Ltd.

·         Samsung SDI Co. Ltd.

·         Prodeco Technologies LLC

Related Reports

Automotive Two-wheelers Market

Electric Toothbrush Market

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