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Asia Electric Two-Wheeler Market

The Asian electric two-wheeler market is predicted to grow at a 7.0% CAGR during the forecast period with its fleet size reaching 59.3 million units by 2024.<br>The Asian market is driven largely by technical developments in battery technology, government funding, and electric car programs, raising awareness of the reduction of vehicle emissions. Different products including e-scooters and e-bikes are majorly contributing to the electric two-wheeler market size in Asia.

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Asia Electric Two-Wheeler Market

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  1. Asia Electric Two-Wheeler Market The Asian electric two-wheeler market is predicted to grow at 7.0% CAGR during the forecast period with its fleet size reaching 59.3 million units by 2024. The Asian market is driven largely by technical developments in battery technology, government funding and electric car programmes, raising awareness of the reduction of vehicle emissions. Different products including e-scooters and e-bikes are majorly contributing to the electric two-wheeler market size in Asia. By product, the market is categorized into e-scooters, e-bikes, e-motorcycles and others. E- scooters held the largest share of more than 55% in the Asian electric two-wheeler market in 2017, in terms of fleet size. By battery type, the market is segmented into sealed lead acid, Li-ion, and NiMH. Sealed lead acid is the most common type of battery used in the electric two-wheelers in Asia. By battery technology, the market is categorized into removable battery and non-removable battery. 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. By voltage, the market is segmented into 24V, 36V, 48V, 60V, 72V. 48V electric two-wheeler hold the largest share in the Asian electric two-wheeler market, followed by 36V two- wheelers.

  2. Technological innovations in battery technology, government subsidies and electric car programmes have made electric two-wheelers affordable and enhanced their performance and quality, increasing understanding of reducing vehicle emissions. The major reason for the affordable prices of electric scooters and bikes is the advancement in battery technology. The key factors hindering the development of the Asian electric two-wheeler market are battery prices, the lack of sufficient charging facilities and competition from gasoline-driven two-wheelers. Competitive Insights: Hero Electric Vehicles Pvt. Ltd., Yadea Technology Group, Jiangsu Kingbon Vehicle Co., Ltd, AIMA Technology Group Co. Ltd, Zhejiang Luyuan Electric Vehicle Co., Ltd., Jiangsu Xinri E- Vehicle Co., Ltd. (SUNRA), Ather Energy, Spero Electric, Honda Motor Co. Ltd., Terra Motors Corporation, Unistar Co. Ltd., Segway Inc., UDA Motor Co. Ltd, Ningbo MYWAY Intelligent Technology Co. Ltd, Viar Motor Indonesia, Zero Motorcycles Inc., Xiaomi Inc., and Lohia Auto Industries are some of the key players operating in the Asian electric two-wheelers market. VynZ Research Call: +91-996-028-8381 Toll-Free (U.S. and Canada): +1-888-253-3960 Email: enquiry@vynzresearch.com Web: https://www.vynzresearch.com Connect with Us:LinkedIn | Facebook | Twitter

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