Press Release

Asia-Pacific Electric Two-Wheeler Market to Grow On Account of Low Cost of Ownership

The demand for electric two-wheelers is expected to rise as the adoption of these vehicles in quick delivery services increases. At the same time, the increase in the fleet of electric vehicles is also due to government subsidies and incentives.

According to TechSci Research report, “Asia-Pacific Electric Two-wheeler Market- Competition Forecast and Opportunities, 2018-2030F. Asia-Pacific electric two-wheeler market is expected to grow because the governments of different Asian nations intend to stop the manufacturing and marketing of gasoline and diesel vehicles in the upcoming years. This action is anticipated to boost the market for electric vehicles in the area, helping the market to grow over the course of the forecast period. For example, the Government of India and National Institution for Transforming India (NITI Aayog), said that EVs would account for 80% of two and three-wheeler sales by 2028.

More operators are entering the market in the region, due to which charging solutions like battery swap, semi-public and public charging, and home-based charging are evolving. The electric two-wheeler OEMs and startups, shared mobility services, charging solution providers, and fintech companies with complete the electric vehicle ecosystem are all supported by governments of different nations, in the region. There are multiple innovative business models and cost-effective financial options available to customer which is leading to the increase in the electric two wheeler adoption. The availability of a wider range of vehicle models is also anticipated to increase the adoption of electric two-wheeler in the nation. Last-mile delivery and new startups are anticipated to increase the demand-supply for electric two-wheeler services, which will be critical to the industry's expansion. Electric mobility solutions are anticipated to have a significant impact on the market, increasing the growth opportunities for different ecosystem segments.

To make electric two wheeler’s more appealing and affordable for buyers and profitable for sellers, industry participants are starting to promote new business models like, as-a-service, subscription, leasing, and flexible ownership plans. Over the forecast period, these models are expected to change in step with market expansion. The cloud and other disruptive technologies, such as artificial intelligence (AI), are crucial for the brand's growth and ability to stay competitive. Technology has the power to make or break a product, especially the battery swapping technology, which is anticipated to lower customer’s range anxiety.

Browse more than XX market data Figures spread through XX Pages and an in-depth TOC on " Asia-pacific Electric Two-Wheeler Market "

 

Asia-Pacific Electric Two-Wheeler Market can be segmented based on Vehicle Type, Battery Capacity, Battery Type, and Country. Based on Vehicle type, the market is further segmented into Scooter/Moped & Motorcycle, the scooter /moped captures higher market share because of the greater number of models available in this segment in the region. Based on Battery Capacity, the market is segmented into <25Ah and >25Ah. Based on Battery Type the market is segmented into Lead Acid & Li-ion, the Li-ion category dominates in this segment because of better efficient figures and better integration capabilities. Based on country the market is segmented into China, India, Japan, Malaysia, Indonesia, Thailand, Vietnam, Singapore, South Korea, Taiwan. The major development is in the countries like China, India, Japan and South Korea as these countries are working on developing efficient ecosystem.

Some of the major companies operating in the Asia-pacific Electric Two-Wheeler Market include:

  • 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
  • Ather Energy Pvt. Ltd.

These are the key players developing advanced technologies and launching electric two wheelers across the region to stay competitive in the market. Other competitive strategies include mergers with the research and development firms, new product developments, and marketing activities to increase customer outreach. These companies are also focusing on meeting the regulations of different regional governments and are also partnering with different research bodies to stay competitive in the market.

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“The demand for electric vehicles is expected to rise because of the less ownership cost of the electric vehicles. The market is expected to generate new opportunity as new players are entering into the race, which will bring more competitive products in the market. In addition, government emission norms are also influencing the demand of the electric two wheelers in Asia Pacific” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Asia-Pacific Electric Two-Wheeler Market - By Vehicle Type (Scooter/Moped & Motorcycle), By Battery Capacity (<25Ah & >25Ah), By Battery Type (Lead Acid & Li-ion), By Country, Competition Forecast and Opportunities, 2030” has evaluated the future growth potential of Asia-pacific Electric Two-Wheeler Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global Asia-Pacific Electric Two-Wheeler Market.

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Asia-Pacific Electric Two-Wheeler Market By Vehicle Type (Scooter/Moped & Motorcycle), By Battery Capacity (<25Ah & >25Ah), By Battery Type (Lead Acid & Li-ion), By Country, Competition Forecast and Opportunities, 2030

Automotive | Jan, 2023

The increasing sales of electric two wheelers and the government subsidies on these vehicles are factors that are driving the Asia-Pacific Electric Two-Wheeler Market in the forecast period 2024-2028.

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