2014-2024 Global Electric Two-Wheeler Market By Vehicle Type, By Battery Capacity, By Battery Type, By Region, Competition Forecast and Opportunities
PUBLISHED : April, 2019 MA R K E T I N T E L L I GE N C E . C ON S U LT I NG
Table of Contents S. No.
Contents
1.
Product Overview
2.
Research Methodology
3.
Analyst View
4.
Voice of Customer 4.1. 4.2. 4.3. 4.4. 4.5. 4.6. 4.7. 4.8.
5.
Page No.
Factors Influencing Purchase Decision Influencer of Purchase Unaided/Aided Brand Recall Brand Satisfaction Level Brand Satisfaction Level, By Pricing Brand Satisfaction Level, By Battery Life Brand Satisfaction Level, By Maintenance Cost Brand Satisfaction Level, By Performance
Global Electric Two-Wheeler Market Outlook 5.1.
Market Size & Forecast 5.1.1. By Value & Volume 5.2. Market Share & Forecast 5.2.1. By Vehicle Type (Motorcycle and Scooters/Mopeds) 5.2.2. By Battery Capacity (<25 Ah and >25 Ah) 5.2.3. By Battery Type (Lead Acid and Li-ion) 5.2.4. By Company 5.2.5. By Region 5.3. Market Attractiveness Index (Vehicle Type) 5.4. Market Attractiveness Index (Battery Capacity)
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Table of Contents S. No.
6.
Contents 5.5.
Market Attractiveness Index (Battery Type)
5.6.
Market Attractiveness Index (By Region)
Asia-Pacific Electric Two-Wheeler Market Outlook 6.1.
Market Size & Forecast 6.1.1.
6.2.
By Value & Volume
Market Share & Forecast 6.2.1.
By Vehicle Type
6.2.2.
By Battery Capacity
6.2.3.
By Battery Type
6.2.4.
By Country
6.3.
Market Attractiveness Index (Vehicle Type)
6.4.
Market Attractiveness Index (Battery Capacity)
6.5.
Market Attractiveness Index (Battery Type)
6.6.
Market Attractiveness Index (Country)
6.7.
Asia-Pacific: Country Analysis 6.7.1.
China Electric Two-Wheeler Market Outlook 6.7.1.1.
Market Size & Forecast 6.7.1.1.1.
6.7.1.2.
6.7.1.3. Š TechSci Research
Page No.
By Value & Volume
Market Share & Forecast 6.7.1.2.1.
By Vehicle Type
6.7.1.2.2.
By Battery Capacity
6.7.1.2.3.
By Battery Type
Market Attractiveness Index (Vehicle Type)
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Contents
Page No.
6.7.2. Vietnam Electric Two-Wheeler Market Outlook 6.7.2.1.
Market Size & Forecast 6.7.2.1.1.
6.7.2.2.
6.7.2.3. 6.7.3.
Market Share & Forecast 6.7.2.2.1.
By Vehicle Type
6.7.2.2.2.
By Battery Capacity
6.7.2.2.3.
By Battery Type
Market Attractiveness Index (Vehicle Type)
Taiwan Electric Two-Wheeler Market Outlook 6.7.3.1.
Market Size & Forecast 6.7.3.1.1.
6.7.3.2.
6.7.3.3. 6.7.4.
By Value & Volume
Market Share & Forecast 6.7.3.2.1.
By Vehicle Type
6.7.3.2.2.
By Battery Capacity
6.7.3.2.3.
By Battery Type
Market Attractiveness Index (Vehicle Type)
India Electric Two-Wheeler Market Outlook 6.7.4.1.
Market Size & Forecast 6.7.4.1.1.
6.7.4.2.
Š TechSci Research
By Value & Volume
By Value & Volume
Market Share & Forecast 6.7.4.2.1.
By Vehicle Type
6.7.4.2.2.
By Battery Capacity
6.7.4.2.3.
By Battery Type
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S. No.
Contents 6.7.4.3. 6.7.5.
Market Attractiveness Index (Vehicle Type)
Japan Electric Two-Wheeler Market Outlook 6.7.5.1.
Market Size & Forecast 6.7.5.1.1.
6.7.5.2.
6.7.5.3. 7.
By Value & Volume
Market Share & Forecast 6.7.5.2.1.
By Vehicle Type
6.7.5.2.2.
By Battery Capacity
6.7.5.2.3.
By Battery Type
Market Attractiveness Index (Vehicle Type)
Europe Electric Two-Wheeler Market Outlook 7.1.
Market Size & Forecast 7.1.1.
7.2.
7.3.
Š TechSci Research
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By Value & Volume
Market Share & Forecast 7.2.1.
By Vehicle Type
7.2.2.
By Battery Capacity
7.2.3.
By Battery Type
7.2.4.
By Country
Market Attractiveness Index (Vehicle Type)
7.4.
Market Attractiveness Index (Battery Capacity)
7.5.
Market Attractiveness Index (Battery Type)
7.6.
Market Attractiveness Index (Country)
7.7.
Europe: Country Analysis
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Table of Contents S. No.
Contents
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7.7.1. France Electric Two-Wheeler Market Outlook 7.7.1.1.
Market Size & Forecast 7.7.1.1.1.
7.7.1.2.
7.7.1.3.
By Value & Volume
Market Share & Forecast 7.7.1.2.1.
By Vehicle Type
7.7.1.2.2.
By Battery Capacity
7.7.1.2.3.
By Battery Type
Market Attractiveness Index (Vehicle Type)
7.7.2. Netherlands Electric Two-Wheeler Market Outlook 7.7.2.1.
Market Size & Forecast 7.7.2.1.1.
7.7.2.2.
7.7.2.3. 7.7.3.
Market Share & Forecast 7.7.2.2.1.
By Vehicle Type
7.7.2.2.2.
By Battery Capacity
7.7.2.2.3.
By Battery Type
Market Attractiveness Index (Vehicle Type)
Spain Electric Two-Wheeler Market Outlook 7.7.3.1.
Market Size & Forecast 7.7.3.1.1.
7.7.3.2.
Š TechSci Research
By Value & Volume
By Value & Volume
Market Share & Forecast 7.7.3.2.1.
By Vehicle Type
7.7.3.2.2.
By Battery Capacity
7.7.3.2.3.
By Battery Type
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Table of Contents S. No.
Contents 7.7.3.3. 7.7.4.
Market Attractiveness Index (Vehicle Type)
Italy Electric Two-Wheeler Market Outlook 7.7.4.1.
Market Size & Forecast 7.7.4.1.1.
7.7.4.2.
7.7.4.3. 7.7.5.
Market Share & Forecast 7.7.4.2.1.
By Vehicle Type
7.7.4.2.2.
By Battery Capacity
7.7.4.2.3.
By Battery Type
Market Attractiveness Index (Vehicle Type)
Market Size & Forecast 7.7.5.1.1.
7.7.5.2.
7.7.5.3.
By Value & Volume
Market Share & Forecast 7.7.5.2.1.
By Vehicle Type
7.7.5.2.2.
By Battery Capacity
7.7.5.2.3.
By Battery Type
Market Attractiveness Index (Vehicle Type)
Germany Electric Two-Wheeler Market Outlook 7.7.6.1.
Market Size & Forecast 7.7.6.1.1.
7.7.6.2.
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By Value & Volume
Austria Electric Two-Wheeler Market Outlook 7.7.5.1.
7.7.6.
Page No.
By Value & Volume
Market Share & Forecast 7.7.6.2.1.
By Vehicle Type
7.7.6.2.2.
By Battery Capacity
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Table of Contents S. No.
Contents 7.7.6.2.3. 7.7.6.3. 7.7.7.
Market Attractiveness Index (Vehicle Type)
Market Size & Forecast 7.7.7.1.1.
7.7.7.2.
7.7.7.3.
By Value & Volume
Market Share & Forecast 7.7.7.2.1.
By Vehicle Type
7.7.7.2.2.
By Battery Capacity
7.7.7.2.3.
By Battery Type
Market Attractiveness Index (Vehicle Type)
North America Electric Two-Wheeler Market Outlook 8.1.
Market Size & Forecast 8.1.1.
8.2.
Š TechSci Research
By Battery Type
United Kingdom Electric Two-Wheeler Market Outlook 7.7.7.1.
8.
Page No.
By Value & Volume
Market Share & Forecast 8.2.1.
By Vehicle Type
8.2.2.
By Battery Capacity
8.2.3.
By Battery Type
8.2.4.
By Country
8.3.
Market Attractiveness Index (Vehicle Type)
8.4.
Market Attractiveness Index (Battery Capacity)
8.5.
Market Attractiveness Index (Battery Type)
8.6.
Market Attractiveness Index (Country)
8.7.
North America: Country Analysis
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Table of Contents S. No.
Contents
Page No.
8.7.1. United States Electric Two-Wheeler Market Outlook 8.7.1.1.
Market Size & Forecast 8.7.1.1.1.
8.7.1.2.
8.7.1.3. 8.7.2.
Market Share & Forecast 8.7.1.2.1.
By Vehicle Type
8.7.1.2.2.
By Battery Capacity
8.7.1.2.3.
By Battery Type
Market Attractiveness Index (Vehicle Type)
Canada Electric Two-Wheeler Market Outlook 8.7.2.1.
Market Size & Forecast 8.7.2.1.1.
8.7.2.2.
8.7.2.3. 9.
By Value & Volume
Market Share & Forecast 8.7.2.2.1.
By Vehicle Type
8.7.2.2.2.
By Battery Capacity
8.7.2.2.3.
By Battery Type
Market Attractiveness Index (Vehicle Type)
Rest of World Electric Two-Wheeler Market Outlook 9.1.
Market Size & Forecast 9.1.1.
9.2.
Š TechSci Research
By Value & Volume
By Value & Volume
Market Share & Forecast 9.2.1.
By Vehicle Type
9.2.2.
By Battery Capacity
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Table of Contents S. No.
Contents 9.2.3.
10.
Page No.
By Battery Type
9.3.
Market Attractiveness Index (Vehicle Type)
9.4.
Market Attractiveness Index (Battery Capacity)
9.5.
Market Attractiveness Index (Battery Type)
Market Dynamics 10.1.
Drivers
10.2.
Challenges
11.
Market Trends & Developments
12.
SWOT Analysis
13.
Competitive Landscape 13.1.
Yadea Group Holdings Ltd.
13.2.
AIMA Technology Co., Ltd
13.3.
Zhejiang Luyuan Electric Vehicle
13.4.
Jiangsu Xinri E-Vehicle Co.,Ltd
13.5.
Dongguan Tailing Electric Vehicle Co., Ltd.
13.6.
Shandong Incalcu Electric Vehicle Co., Ltd
13.7.
Hero Electric Vehicles Pvt Ltd
13.8.
Okinawa Autotech Pvt. Ltd.
13.9.
Gogoro, Inc.
13.10.
Zero Motorcycles, Inc.
14.
Strategic Recommendations
15.
About us & Disclaimer
Š TechSci Research
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Product Overview
Electric Two-Wheeler Definition Electric two-wheelers are vehicles that are powered by electricity. Electric two-wheelers can be divided into two categories, namely, electric scooters (e-scooters)/mopeds and electric motorcycles (e-motorcycles). A battery pack and a motor are installed in the vehicles to store and transform the electricity. User control is attached to the handle bar to stop and adjust the speed.
Classification According to Vehicle Type
Vehicle Segment
Sub-Segment
Customer Segment
Scooter/Moped Two-Wheeler
Individuals Motorcycle
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Research Methodology
Market Profiling
In-depth secondary research was conducted to determine top players in global electric two-wheeler market, overall market size and segmental market size.
Formulating Questionnaire
In order to conduct industry experts’ interviews, TechSci formulated a detailed questionnaire.
Developing list of respondents
List of industry players, distributors, and industry specialists was developed.
Data Collection
TechSci Research conducted interviews with industry experts and industry players for data collection and verification.
Data obtained as a result of primary and secondary research was validated through rigorous triangulation.
Primary Research
Identifying Key Opinion Leaders Questionnaire Design In-depth Interviews
Primary Primary Research Research
Data Collection
Data Filter & Analysis
Research & Intelligence
Actionable Insights
Business Solution
TechSci Internal Internal TechSci Database Database LinkedIn LinkedIn
Data Analysis
Data Validation
The data was scrutinized using MS-Excel and statistical tools such as Time Series Analysis to obtain qualitative and quantitative insights about global electric twowheeler market.
Desk Research
Recent Developments Market Changing Aspects/Dynamics Government Policies Final Conclusion
Secondary Secondary Research Research Company Website Website Company Company Annual Annual Company Reports Reports White Paper Paper Study Study White Financial Reports Reports Financial Investor Investor Presentations Presentations Regulatory Body Body Regulatory Associations, etc. etc. Associations,
Company Analysis
Market Participants Key Strengths Commercial Vehicle Portfolio
Paid Sources Sources Paid Factiva Factiva Hoovers Hoovers
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Research Methodology
Baseline Methodology: For the study, TechSci Research has gathered information through primary research surveys with leading electric two-wheeler companies operating across the globe. We also put through an exhaustive search of credible paid databases, such as Business Week, Factiva and Hoovers, including our internal database. Our team of analysts has then prudently evaluated all the collected information and presented the same in chronological order to depict a meaningful and clear picture of global electric two-wheeler market. While compiling the data, we have also cross checked all the collected information from multiple sources and data warehouses, so as to present the most accurate and precise information of the concerned industry.
Market Size Calculation Technique: Primary Research For the preparation of global electric two-wheeler market report, bottom-up model has been used, which has been later cross-validated by using top-down approach. TechSci interviewed senior managers and regional managers of prominent electric two-wheeler companies using Delphi technique for calculating global electric two-wheeler market size. Respondents were also asked about the current and future growth rates, market share by vehicle type, etc. All the information gathered was carefully analyzed. Data points which exhibited high deviations from the majority estimates were eliminated as outliers and the remaining refined data points were put together to arrive at the volume data.
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Research Methodology
Primary Research – Few of the Companies Interviewed S. No.
Company Names
1.
Yadea Group Holdings Ltd.
2.
AIMA Technology Co., Ltd
3
Zero Motorcycles, Inc.
4.
Jiangsu Xinri E-Vehicle Co., Ltd
Secondary Research: We have also put through an exhaustive search of credible paid databases, such as Factiva and Hoovers, in addition to our internal database. Further analysis of credible publications, white papers, companies’ annual reports, investor presentations, news articles, etc., was done to cross-validate the end findings derived from primary research. Forecasting Technique: The team has done forecasting on the basis of econometric and judgemental analysis in addition to statistical techniques, such as averaging, and geometric mean. During primary interviews, questions regarding historical trends of electric twowheeler market over the last five years were put forward. Respondents were asked about the current and future growth rates, market share by vehicle type, across the globe. In order to forecast global electric two-wheeler market, following forecast techniques have been used: •
Time Series Analysis
•
Econometric and Judgmental Analysis
•
Moving Average
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INDUSTRY BRIEF According to TechSci Research report, “Global Electric Two-Wheeler Market By Vehicle Type, By Battery Capacity, By Battery Type, By Region, Competition, Forecast & Opportunities, 2014-2024”, global electric two-wheeler market is projected to cross $ 19 billion by 2024. Anticipated growth in global electric two-wheeler market is led by growing concerns about GHG emissions coupled with government support in the form of incentives and schemes aimed at encouraging the use of electric two-wheelers across the globe. In addition, rising disposable income in emerging economies such as India and China and competitive pricing of electric two-wheelers is expected to boost sales of electric two-wheelers, globally, during the forecast period. In 2018, scooter/moped segment dominated global electric two-wheeler market and the segment is expected to maintain its leading market position in coming years, owing to growing number of female drivers and their maneuverability. Electric two-wheeler market is largely concentrated in the AsiaPacific region, backed by huge two-wheeler market and growing adoption in countries such as China, Taiwan, Vietnam and India. Two-wheelers are widely preferred in Asia-Pacific mainly due to their low cost and maneuverability. Moreover, high population density in the region and rising urbanization in emerging economies is further contributing towards the growing demand for two-wheelers in the region. Europe is the second largest market for electric two-wheelers in the globe, on account of rising government support in the form of subsidies in countries such as Netherlands, France, Spain and Italy. “Yadea is the leading player in global electric two-wheeler market, owing to its strong dealership and distribution network. Other major payers include AIMA, Zhejiang Luyuan and Jiangsu Xinri. Growth in demand for electric two-wheelers has been witnessed across the world in the past few years, primarily backed by increasing government initiatives to promote the use of electric two-wheelers. Moreover, with continuously rising pollution levels, the need for cleaner automobiles with less emissions is bound to increase in the coming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
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SAMPLE DATA - SNAPSHOT Global Electric Two-Wheeler Market Size, By Value (USD Billion), By Volume (Million Unit), 2014-2024F CAGR 2019E-2024F By Value: xx% By Volume: xx%
CAGR 2014-2018 By Value: xx% By Volume: xx%
Value (USD Billion)
Volume (Million Unit)
North America Electric Two-Wheeler Market Share, By Vehicle Type, By Volume, 2014-2024F
60.00%
60.00%
60.00%
60.00%
60.00%
60.00%
60.00%
60.00%
60.00%
60.00%
60.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
2014
2015
2016
2017
2018
2019E
2020F
2021F
2022F
2023F
2024F
Canada Electric Two-Wheeler Market Share, By Battery Capacity, By Volume, 2014-2024F
60.00%
60.00%
60.00%
60.00%
60.00%
60.00%
60.00%
60.00%
60.00%
60.00%
60.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
2014
2015
2016
2017
2018
2019E
2020F
2021F
2022F
2023F
2024F 16
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About Us & Disclaimer
TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in a number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market.
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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.
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