Global Electric 2 Wheel Vehicle Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Electric 2 Wheel Vehicle Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Electric 2 Wheel vehicle and scooters are plug-in electric vehicles with two wheels powered by electricity. The electricity is stored on board in a rechargeable battery, which drives one or more electric motors.

Market Overview:

The latest research study on the global Electric 2 Wheel Vehicle market finds that the global Electric 2 Wheel Vehicle market reached a value of USD 15723.48 million in 2022. It’s expected that the market will achieve USD 23697.36 million by 2028, exhibiting a CAGR of 7.08% during the forecast period.

The cost of lithium-ion batteries has dropped dramatically

The cost of lithium-ion batteries fell by about 60% between 2012 and 2017. The driving factor for this sharp decline is the battery chemistry and battery process improvements, and the economy as a factory's large battery manufacturer gets greater and aggressive pricing. The manufacturer's current battery factory is growing will further push the decline in battery prices.

Charging Woes

Electric powered vehicles require charging stations, and for people to travel long distances there needs to be a network of such stations located strategically. Also recharging of batteries often takes about 3 hours, which nowhere matches efficiency of a gas refuel. And there’s the charging equipment you need to carry along.

Travelling distance (Range)

The Electric 2 Wheel Vehicles can travel only about 60 miles on an average, and on a single charge.

Region Overview:

From 2023-2028, China is estimated to witness robust growth prospects.

Company Overview:

Yadea Tech. Group Co., Ltd. is one of the major players operating in the Electric 2 Wheel Vehicle market, holding a share of 10.06% in 2023.

Yadea Tech. Group Co., Ltd.

Jiangsu Yadea, the first PRC subsidiary of the Group, was established as Wuxi Dongshi Vehicle Industry Co., Ltd. in 2001. Yadea Import Export was established in 2008 and began our expansion into international markets.

Zhejiang Luyuan Electric Vehicle Co. Ltd

Luyuan E-vehicle, formally founded on July 3rd, 1997, is one of the earliest enterprises specialized in electric bicycle R&D and manufacturing in China.

Segmentation Overview:

As for product types, the 48V segment held the largest market share in 2022.

Application Overview:

By application, the Daily Commute segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Electric 2 Wheel Vehicle market covered in Chapter 3:

YO bykes
Dongguan Tailing Electric Vehicle Co., Ltd.
Jiangsu Xinri E-Vehicle Co., Ltd.
Lohia Auto Industries
Torrot Electric Europa S.L.
Bodo Electric Vehicle Group
Zhejiang Luyuan Electric Vehicle
Govecs GmbH
Byvin Corporation
AIMA Technology Co., Ltd
Zero Motorcycles Inc.
Bayerische Motoren Werke (BMW) AG
Li Ma Bicycle Industry Group Co., Ltd.
Yadea Tech. Group Co., Ltd.
Gogoro, Inc.

In Chapter 4 and Chapter 14.2, on the basis of types, the Electric 2 Wheel Vehicle market from 2018 to 2029 is primarily split into:

24V
36V
48V
Others (12V, 60V, 72V)

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Electric 2 Wheel Vehicle market from 2018 to 2029 covers:

Racing
Daily Commute
Off-road Use
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)