Asia-Pacific Electric Two-Wheeler Market

Asia-Pacific Electric Two-Wheeler Market


Asia Pacific Electric Two-Wheeler Market is growing due to the increase in the demand for electric vehicles across the region, and the rise in the adoption of electric two-wheeler is also because of the less maintenance cost of these vehicles.

Recent Developments

The growing emissions standards are leading the industry to focus on sustainable products, leading to the growth of the electric two-wheeler segment. In the Asia-Pacific region, China, India, Japan, and other countries are witnessing a rise in innovations and product launches in the electric two-wheeler category. Similarly, many new startups and joint ventures in the region are taking shape. Companies like Zhejiang Minimotors Bike Co., Ltd., Ather Energy, Hero Electric Vehicles Pvt. Ltd., Gogoro Inc., Revolt Motors, etc. are involved in developing electric two-wheelers in the region, and similarly, the established players in the region are also investing in the market. Recently India based startup Ultraviolette Automotive Pvt Ltd has launched a high-end electric motorcycle named F77 with a range of around 300km. All such developments in the market will generate new opportunities in the region.

In Asia-Pacific, many nations are offering subsidies for electric vehicles, and the rise in demand for electric vehicles is also because of the lower maintenance and operational cost of these vehicles. Long-term automotive market trends are anticipated to include electrification and green technologies. In the region, the use of electric two-wheelers has advanced significantly to increase commuter effectiveness and reduce air pollution. The adoption of green vehicles and the implementation of emission standard upgrades are expanding the market for electric two-wheelers in the Asia Pacific.

The demand for first-mile, last-mile, and short-distance travel solutions is another element propelling the market expansion. Customers' daily routines tend to be more fixed, particularly for people who commute to and from work every day on electric two-wheelers. Their primary concerns are safety, comfort, cost, and cost-effectiveness, and electric vehicles are the best alternative for them. The market for electric two-wheelers is expanding due to the demand for online food delivery and package delivery. Riders prefer to use electric two-wheelers because they are faster than two-wheel bicycles and are more efficient. The market for electric two-wheelers is expanding because of technological advancements in battery charging, battery swapping, and other infrastructure expansions.

Less Operational and Maintenance Costs

An electric motor, controller, and battery pack are used instead of complex oily components like the engine, fuel lines, and tank. Compared to an Internal Combustion Engine vehicle, an electric drivetrain is much simpler because there are fewer moving parts. However, other ancillary systems like the cooling system, steering system, brakes, and suspension remain largely unchanged in EVs, which is an aspect that is decreasing the total cost of ownership vehicles. Due to increased manufacturing capacity and infrastructure improvements, which are expected to lower battery prices in the coming years, Asia-Pacific currently accounts for a large portion of the world's sales of electric two-wheelers. This will increase the demand for electric two-wheelers while also lowering their price. As two-wheelers have lower operating costs than other types of vehicles, the last-mile delivery industry is also expected to adopt electric two-wheelers. All these factors will increase the demand for the electric two-wheelers in the region.

Government Incentives and Subsidies

Many different countries in the region are promoting the use of electric vehicles by offering incentives to new electric vehicle owners and manufacturers. Additionally, many regional governments in the area are providing benefits and other subsidies to developing infrastructure and charging service providers to increase the adoption of electric vehicles. The governments of various nations in the region are putting in place an infrastructure for two-wheeler charging, such as Gogoro, which will establish battery-swapping facilities in the Philippines, and they are also introducing policies to encourage the use of electric vehicles in nations like India, China, Indonesia, Vietnam, and other nations in the Asia-Pacific. Government subsidies are promoting the use of electric vehicles in the region, and in the coming years, the adoption of electric vehicles will increase.

Lack of Adequate Charging Infrastructure

In the electric two-wheeler segment, battery swapping reduces charging time and is highly preferred in the region, but its adoption is hampered by a lack of infrastructure and battery standards in the region. The slow infrastructure development in rural areas may be the cause of its slow growth. Similarly to this, the countries' lack of defined charging standards and the use of universal batteries for all vehicles pose growth challenges. Electric vehicle charging infrastructure is being developed in nations like India, China, and Japan.

COVID-19 also had a negative effect on the sector as it hindered all manufacturing and operational activities in the sector; all setup operations for charging stations were halted as a result of lockdowns and other restrictions imposed by various regional governments. In the forecast years, the charging infrastructure will grow, and this will help the electric two-wheeler market in the region to grow.

Market Segmentation

The Asia-Pacific Electric Two-Wheeler Market is segmented by Vehicle Type, Battery Capacity, Battery Type, and by Country. Based on Vehicle Type, the market is segmented into Scooters/Moped and Motorcycle. Based on Battery Capacity, the market is segmented into <25Ah & >25Ah. Based on Battery Type, the market is segmented into Lead Acid & Li-ion. The market analysis also studies country-wise segmentation to devise the market.

Company Profiles

Zhejiang Luyuan Electric Vehicle, Dongguan Tailing Electric Vehicle Co. Ltd., Shandong Incalcu Electric Vehicle Co. Ltd, Hero Electric Vehicles Pvt. Ltd., Okinawa Autotech Pvt. Ltd., Gogoro Inc, Zero Motorcycles, Inc, Yadea Group Holdings ltd, Revolt motors, and Ather Energy Pvt. Ltd. are the leading companies in the Asia Pacific market, developing electric two-wheelers. There are several other start-ups that are also developing efficient electric two-wheelers in the region.

Report Scope:

In this report, Asia-Pacific Electric Two-Wheeler Market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:
  • Asia-Pacific Electric Two-Wheeler Market, By Vehicle Type:
  • Scooter/Moped
  • Motorcycle
  • Asia-Pacific Electric Two-Wheeler Market, By Battery Capacity:
  • <25Ah
  • >25Ah
  • Asia-Pacific Electric Two-Wheeler Market, By Battery Type:
  • Lead Acid
  • Li-ion
  • Asia-Pacific Electric Two-Wheeler Market, By Country:
  • China
  • India
  • Japan
  • Malaysia
  • Indonesia
  • Thailand
  • Vietnam
  • Singapore
  • South Korea
  • Taiwan
  • Rest of Asia-Pacific
Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Asia-Pacific Electric Two-Wheeler Market.

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information
  • Detailed analysis and profiling of additional market players (up to five).
Please Note: Report will be updated with the latest data and delivered to you within 3-5 working days of order. Single User license will be delivered in PDF format without printing rights


1. Introduction
1.1. Product Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Executive Summary
3.1. Market Overview
3.2. Market Forecast
3.3. Key Regions
3.4. Key Segments
4. Impact of COVID-19 on Asia-Pacific Electric Two-Wheeler Market
4.1. Key Segments Impacted
4.2. Key Regions Impacted
5. Voice of Customer
5.1. Factors Influencing Purchase Decision
5.2. Brand Awareness
5.3. Brand Satisfaction Level
6. Asia-Pacific Electric Two-Wheeler Market Outlook
6.1. Market Size & Forecast
6.1.1. By Volume
6.1.2. By Value
6.2. Market Share & Forecast
6.2.1. By Vehicle Type Market Share Analysis (Scooter/Moped and Motorcycle)
6.2.2. By Battery Capacity Market Share Analysis (<25Ah & >25Ah)
6.2.3. By Battery Type Market Share Analysis (Lead Acid & Li-ion)
6.2.4. By Country Market Share Analysis
6.2.4.1. China Market Share Analysis
6.2.4.2. India Market Share Analysis
6.2.4.3. Japan Market Share Analysis
6.2.4.4. Malaysia Market Share Analysis
6.2.4.5. Indonesia Market Share Analysis
6.2.4.6. Thailand Market Share Analysis
6.2.4.7. Vietnam Market Share Analysis
6.2.4.8. Singapore Market Share Analysis
6.2.4.9. South Korea Market Share Analysis
6.2.4.10. Taiwan Market Share Analysis
6.2.4.11. Rest of Asia-Pacific Market Share Analysis
6.2.5. By Company Market Share Analysis (By Value, 2022)
6.3. Asia-Pacific Electric Two-Wheeler Market Mapping & Opportunity Assessment
6.3.1. By Vehicle Type Market Mapping & Opportunity Assessment
6.3.2. By Battery Capacity Mapping & Opportunity Assessment
6.3.3. By Battery Type Mapping & Opportunity Assessment
6.3.4. By Country Mapping & Opportunity Assessment
7. China Electric Two-Wheeler Market Outlook
7.1. Market Size & Forecast
7.1.1. By Volume
7.1.2. By Value
7.2. Market Share & Forecast
7.2.1. By Vehicle Type Market Share Analysis
7.2.2. By Battery Capacity Market Share Analysis
7.2.3. By Battery Type Market Share Analysis
8. India Electric Two-Wheeler Market Outlook
8.1. Market Size & Forecast
8.1.1. By Volume
8.1.2. By Value
8.2. Market Share & Forecast
8.2.1. By Vehicle Type Market Share Analysis
8.2.2. By Battery Capacity Market Share Analysis
8.2.3. By Battery Type Market Share Analysis
9. Japan Electric Two-Wheeler Market Outlook
9.1. Market Size & Forecast
9.1.1. By Volume
9.1.2. By Value
9.2. Market Share & Forecast
9.2.1. By Vehicle Type Market Share Analysis
9.2.2. By Battery Capacity Market Share Analysis
9.2.3. By Battery Type Market Share Analysis
10. Malaysia Electric Two-Wheeler Market Outlook
10.1. Market Size & Forecast
10.1.1. By Volume
10.1.2. By Value
10.2. Market Share & Forecast
10.2.1. By Vehicle Type Market Share Analysis
10.2.2. By Battery Capacity Market Share Analysis
10.2.3. By Battery Type Market Share Analysis
11. Thailand Electric Two-Wheeler Market Outlook
11.1. Market Size & Forecast
11.1.1. By Volume
11.1.2. By Value
11.2. Market Share & Forecast
11.2.1. By Vehicle Type Market Share Analysis
11.2.2. By Battery Capacity Market Share Analysis
11.2.3. By Battery Type Market Share Analysis
12. Indonesia Electric Two-Wheeler Market Outlook
12.1. Market Size & Forecast
12.1.1. By Volume
12.1.2. By Value
12.2. Market Share & Forecast
12.2.1. By Vehicle Type Market Share Analysis
12.2.2. By Battery Capacity Market Share Analysis
12.2.3. By Battery Type Market Share Analysis
13. Singapore Electric Two-Wheeler Market Outlook
13.1. Market Size & Forecast
13.1.1. By Volume
13.1.2. By Value
13.2. Market Share & Forecast
13.2.1. By Vehicle Type Market Share Analysis
13.2.2. By Battery Capacity Market Share Analysis
13.2.3. By Battery Type Market Share Analysis
14. Vietnam Electric Two-Wheeler Market Outlook
14.1. Market Size & Forecast
14.1.1. By Volume
14.1.2. By Value
14.2. Market Share & Forecast
14.2.1. By Vehicle Type Market Share Analysis
14.2.2. By Battery Capacity Market Share Analysis
14.2.3. By Battery Type Market Share Analysis
15. South Korea Electric Two-Wheeler Market Outlook
15.1. Market Size & Forecast
15.1.1. By Volume
15.1.2. By Value
15.2. Market Share & Forecast
15.2.1. By Vehicle Type Market Share Analysis
15.2.2. By Battery Capacity Market Share Analysis
15.2.3. By Battery Type Market Share Analysis
16. Taiwan Electric Two-Wheeler Market Outlook
16.1. Market Size & Forecast
16.1.1. By Volume
16.1.2. By Value
16.2. Market Share & Forecast
16.2.1. By Vehicle Type Market Share Analysis
16.2.2. By Battery Capacity Market Share Analysis
16.2.3. By Battery Type Market Share Analysis
17. Overall Developments in the Industry
17.1. EV Developments
17.2. Incentives and Subsidies
17.3. Battery, charger and other Standards
17.4. New Players in the Market
17.5. Key Investments in the Market
17.6. Technological Developments
17.7. Key Takeaways
18. Market Dynamics
18.1. Market Drivers
18.1.1. Less Operational and Maintenance Costs
18.1.2. Government Incentives and Subsidies.
18.2. Market Challenges
18.2.1. Lack of adequate Charging Infrastructure
19. Market Trends & Developments
19.1. Rising Emission Standards
19.2. Surge in R&D and Technological Advancements
20. Porter’s Five Forces Model
20.1. Competitive Rivalry
20.2. Bargaining Power of Suppliers
20.3. Bargaining Power of Buyers
20.4. Threat of New Entrants
20.5. Threat of Substitutes
21. Competitive Landscape
21.1. Company Profiles (Up to 10 Leading Companies)
21.1.1. Zhejiang Luyuan Electric Vehicle
21.1.1.1. Company Details
21.1.1.2. Products & Services
21.1.1.3. Recent Development
21.1.1.4. Key Management Personnel
21.1.2. Dongguan Tailing Electric Vehicle Co. Ltd.
21.1.2.1. Company Details
21.1.2.2. Products & Services
21.1.2.3. Recent Development
21.1.2.4. Key Management Personnel
21.1.3. Shandong Incalcu Electric Vehicle Co. Ltd
21.1.3.1. Company Details
21.1.3.2. Products & Services
21.1.3.3. Recent Development
21.1.3.4. Key Management Personnel
21.1.4. Hero Electric Vehicles Pvt. Ltd.
21.1.4.1. Company Details
21.1.4.2. Products & Services
21.1.4.3. Recent Development
21.1.4.4. Key Management Personnel
21.1.5. Okinawa Autotech Pvt. Ltd.
21.1.5.1. Company Details
21.1.5.2. Products & Services
21.1.5.3. Recent Development
21.1.5.4. Key Management Personnel
21.1.6. Gogoro Inc.
21.1.6.1. Company Details
21.1.6.2. Products & Services
21.1.6.3. Recent Development
21.1.6.4. Key Management Personnel
21.1.7. Zero Motorcycles Inc.
21.1.7.1. Company Details
21.1.7.2. Products & Services
21.1.7.3. Recent Development
21.1.7.4. Key Management Personnel
21.1.8. Yadea group holdings ltd
21.1.8.1. Company Details
21.1.8.2. Products & Services
21.1.8.3. Recent Development
21.1.8.4. Key Management Personnel
21.1.9. Revolt motors
21.1.9.1. Company Details
21.1.9.2. Products & Services
21.1.9.3. Recent Development
21.1.9.4. Key Management Personnel
21.1.10. Ather Energy Pvt. Ltd.
21.1.10.1. Company Details
21.1.10.2. Products & Services
21.1.10.3. Recent Development
21.1.10.4. Key Management Personnel
22. Strategic Recommendations
22.1. Key Focus Areas
22.2. Target Regions & Countries
22.3. Target Vehicle Type
23. About Us & Disclaimer

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