Indonesia Electric Two Wheeler Market to be Valued USD 816.22 Million During Forecast Period

Growing concerns regarding rising greenhouse gas emission levels coupled with increasing price competitiveness of electric two wheelers to drive electric two wheeler market of Indonesia

According to TechSci Research report, “Indonesia Electric Two Wheeler Market, By Vehicle Type (Electric Motorcycle and Electric Scooters/Mopeds), By Battery Capacity (<25 Ah and >25 Ah), By Battery Type (Lead Acid and Li-ion), Competition, Forecast & Opportunities, 2025”, Indonesia electric two wheeler market was valued over USD 364.42 Million in 2019 and is forecast to grow at CAGR of 20.96% to reach USD 816.22 Million by 2025. Governmental support and rising awareness regarding the environmental conditions is one of the topmost drivers supporting electric two-wheeler market in Indonesia. More than 60% of Indonesians are believed to be well aware about the availability of electric two-wheelers and show positive inclination towards them on account of higher fuel efficiency, affordable pricing and less  maintenance cost. The Indonesian government is providing help and support to everyone interested in adoption of electric vehicles i.e., two-wheelers as well as cars. Government commitment to subsidize electric two-wheeler purchase through incentives and schemes including tax cuts, is attracting customers as well as manufactures towards electric two-wheelers. These factors are going to boost demand for electric two-wheeler in Indonesia in the coming years.

Growth in e-commerce sector and increasing online sales are driving the sales of electric two-wheeler in Indonesia. Customers are preferring to buy the electric two-wheelers online due to discounted schemes and easy deliveries. Moreover, electric two-wheelers are also used by delivery boys in e-commerce companies in order to deliver the products to the customers. Continuous expansion in the E-commerce sector is giving boosting the sales of electric two-wheelers for use in delivery services. These factors are going to augment demand for electric two-wheelers in the country through 2025.

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Indonesia electric two wheeler market can be segregated based on vehicle type, battery capacity, battery type and region. Based on vehicle type, electric moped or scooter is expected to account for the largest share on the back of their manoeuvrability, rising number of female riders and growing purchasing power. In terms of battery capacity, less than 25 Ah is the dominant segment as majority of electric vehicle models present in the market are having battery of less than 25 Ah. 

Major companies operating in the economy include Viar Motor Indonesia, Shandong Incalcu Electric Vehicle Co., Ltd, Segway Inc., Zero Motorcycles, Inc., Selis (PT Juara Bike), Niu Indonesia and Garansindo Electric Scooter ITS, among others.

 

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“In 2019, Scooters / Mopeds segment accounted for a volume share of around 80.51% in Indonesia Electric Two-Wheeler market. Most of the Indonesian manufacturers are expected to witness increase in demand for electric vehicles on account of increasing employment, higher wages, government subsidies, environment consciousness and rising consumer confidence. Hence, it is expected that demand for Scooters in the country would grow at a CAGR of around 18.20%, in terms of volume, during 2020-2025.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Indonesia Electric Two Wheeler Market, By Vehicle Type (Electric Motorcycle and Electric Scooters/Mopeds), By Battery Capacity (<25 Ah and >25 Ah), By Battery Type (Lead Acid and Li-ion), Competition, Forecast & Opportunities, 2025” has analyzed the potential of Indonesia electric two wheeler market across the country, and provides statistics and information on market sizes, 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 Indonesia electric two wheeler market.

 

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