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. This is due to increasing
concerns about GHG emissions coupled with government support in the form of
incentives and schemes aimed at encouraging the manufacturing of electric
vehicles in the country. However,
high charging time can hinder the growth of the market. Additionally,
increasing online sales of electric vehicles coupled with growing domestic
manufacturing would further steer growth in the Indonesia two wheeler market
during the next five years.
Indonesia electric two wheeler
market can be segregated based on vehicle type, battery capacity, battery type,
region and company. In terms of battery type, market can be bifurcated into
lithium ion and lead acid. Lead acid battery is expected to dominate the market
until 2025 due to its cost effectiveness; however, the other battery type, i.e.
lithium ion or Li-ion is expected to witness significant demand due to low
charging time when compared with its lead acid counterparts. Based on vehicle
type, electric moped or scooters dominated the market and the trend is likely
to continue in the coming years as well. This is due to growing number of
female drivers and maneuverability offered by moped or scooters.
Major companies operating in the electric
two wheeler market of Indonesia 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. Indonesia is the world's biggest producer of nickel ore, which
is among the vital components of electric vehicle batteries. The companies are
forming joint ventures to produce electric vehicle batteries in the country.
For e.g.: Indonesia Battery Holding, new venture which is to be formed between
state miners MIND ID and Aneka Tambang (ANTAM) to make batteries for electric
vehicles in near future. The company will soon start the production of electric
vehicles in the country.
Years
considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021–2025
Objective of the
Study:
- To analyze and forecast the market size of Indonesia
electric two wheeler market, in terms of value.
- To classify and forecast Indonesia electric
two wheeler market based on vehicle type, battery capacity, battery
type and regional distribution.
- To identify drivers and challenges for Indonesia
electric two wheeler market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in Indonesia
electric two wheeler market.
- To conduct the pricing analysis for Indonesia electric
two wheeler market.
- To identify and analyze the profile of leading
players operating in the Indonesia electric two wheeler market.
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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of manufacturers across the country. Subsequently, TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the manufacturers which
could not be identified due to the limitations of secondary research.
TechSci Research calculated the market size of Indonesia electric two wheeler market using a bottom-up approach, where data for various end-user
segments was recorded and forecast for the future years. TechSci Research
sourced these values from the industry experts and company representatives and
externally validated through analyzing historical data of these product types
and applications for getting an appropriate, overall market size. Various
secondary sources such as company websites, news articles, press releases,
company annual reports, investor presentations and financial reports were also studied
by TechSci Research.
Key Target Audience:
- Electric two wheeler manufacturers,
distributors, suppliers and other stakeholders
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums and
alliances related to electric two wheeler market
- Market research and
consulting firms
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as manufacturers and partners, end users, etc., besides
allowing them in strategizing investments and capitalizing on market
opportunities.
Report Scope:
In this report, Indonesia electric two
wheeler market has been segmented into following categories, in addition
to the industry trends which have also been detailed below:
- Market, By Vehicle Type:
- Electric Motorcycle
- Electric Scooters/Mopeds
- Market, By Battery Capacity:
- Market, By Battery
Type:
- Market, By
Region:
o Java
o Sumatra
o Kalimantan
o Bali & Nusa Tenggara
Competitive Landscape
Company Profiles: Detailed analysis of the
major companies present in Indonesia electric two wheeler market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
Detailed analysis and
profiling of additional market players (up to five).
In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com