Electric Two Wheeler Market to Surpass $ 19 Billion by 2024
Growing concerns regarding rising
greenhouse gas emission levels coupled with increasing price competitiveness of
electric two-wheelers to drive global electric two-wheeler market through 2024
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.
Browse 4 market data Tables
and 137 Figures spread through 193 Pages and an in-depth TOC on "Global Electric Two-Wheeler Market"
https://www.techsciresearch.com/report/electric-two-wheeler-market/2322.html
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
Asia-Pacific 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.
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“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.
“Global Electric
Two-Wheeler Market By Vehicle Type, By Battery Capacity, By Battery Type,
By Region, Competition, Forecast & Opportunities, 2014-2024” has
analyzed the potential of electric two-wheeler market across the
world, and provides statistics and information on market size, shares and
trends. The report will suffice in providing the intending clients with
cutting-edge market intelligence and help them in taking sound investment
decisions. Besides, the report also identifies and analyzes emerging trends
along with essential drivers and key challenges faced by global electric
two-wheeler market.
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