Electric Two-wheeler Market Size - By Vehicle Type (Electric Motorcycle, Electric Scooter, E-Bikes, Electric Kick Scooter), Battery (SLA, Li-ion), Motor Placement (Hub-motor, Frame-mounted Motor), Motor Power, Motor Speed & Global Forecast, 2023 - 2032

Electric Two-wheeler Market Size - By Vehicle Type (Electric Motorcycle, Electric Scooter, E-Bikes, Electric Kick Scooter), Battery (SLA, Li-ion), Motor Placement (Hub-motor, Frame-mounted Motor), Motor Power, Motor Speed & Global Forecast, 2023 - 2032

Global Electric Two-wheeler Market will expand at 6% CAGR from 2023 to 2032, credited to the increasing fuel prices worldwide. In August 2023, AAA reported that the national average for regular gasoline reached $3.85 per gallon. Rising fuel prices serve as a catalyst for the burgeoning electric two-wheeler market. As consumers seek cost-effective and sustainable alternatives, the demand for electric scooters and motorcycles surges. The economic appeal of lower operational expenses and reduced environmental impact positions electric vehicles as an attractive option, fostering growth in this market segment and accelerating the transition towards greener transportation solutions.

The overall electric two-wheeler industry is segregated based on vehicle type, battery, motor placement, motor power, motor speed, and region.

The electric scooter segment will record a healthy growth rate through 2032, propelled by a combination of environmental consciousness, economic advantages, and technological advancements. With a growing emphasis on sustainable transportation, consumers are drawn to the eco-friendly nature of electric scooters. Additionally, their cost-effectiveness, especially in terms of lower operational expenses and government incentives, contributes to their widespread adoption. Continuous innovations in battery technology further enhance the appeal of electric scooters as convenient and efficient alternatives.

The electric two wheeler market share from the SLA segment will expand notably over 2023-2032. Electric two-wheelers with Sealed Lead Acid (SLA) batteries are witnessing increased sales due to their cost-effectiveness and reliability. SLA batteries are comparatively more affordable than other battery types, making electric two-wheelers more accessible to a broader consumer base. Moreover, the proven reliability and durability of SLA batteries contribute to the popularity of electric two-wheelers equipped with this technology, enhancing their overall market acceptance.

Europe electric two-wheeler industry will garner lucrative gains throughout 2023-2032. Stringent emissions regulations and environmental concerns push consumers towards sustainable alternatives. Incentives such as government subsidies and tax benefits further encourage adoption. Notably, cities like Paris and Madrid have implemented strict measures against traditional combustion engine vehicles, fueling the surge in electric scooter and bike usage. This regulatory landscape, coupled with a growing eco-conscious consumer base, propels the flourishing electric two-wheeler market in Europe.