Electric Two-Wheelers Market Expected to Grow at CAGR

NEW YORK, April 07, 2022 (GLOBE NEWSWIRE) — The global electric two-wheeler market is expected to grow at a value CAGR of 11.6% over the forecast period 2022-2032 to reach a valuation of US$58.66 billion by the end of 2032.

With growing investments in infrastructure and population development in several countries, electric two-wheelers are also expected to see a boom in demand in the coming years. Long-range and high-performance electric scooters, motorcycles and bicycles are being introduced in many countries, which is ultimately expected to benefit the electric two-wheeler market over the next few years.

The need to reduce the carbon footprint in the environment, along with fuel-efficient bicycles and improved user experience, is forcing manufacturers to increase their investment in production, which bodes well for the expansion of the market to the future.

Request for copy of report: https://www.persistencemarketresearch.com/samples/33028

Key insights from market research

  • Demand for e-bikes should increase to a CAGR of 11.5% from 2022 to 2032.
  • Electric scooters should hold the highest market share of 12.4% in terms of volume.
  • By battery typelithium-ion batteries should benefit from a market share of more than 26.5% by 2032.
  • By category, two wheel battery should be the leader with a market share of more than 83%.
  • By region, East Asia is expected to hold the highest share of the global market, representing more than 64.5%.
  • the The United States should register the highest absolute $ opportunity of US$783.3 million from 2022 to 2032.

Get a customized report as needed: https://www.persistencemarketresearch.com/request-customization/33028

“Cost-efficiency, low maintenance and reduced carbon footprint remain the main drivers of electric two-wheeler sales,” says an analyst at Persistence Market Research.

Market landscape identified as quite competitive

On a regional, national and global basis, the global electric two-wheeler market is highly competitive and fragmented.

Major manufacturers of Electric Two-Wheelers included in the report are GOVECS AG, Vmoto Limited, Honda Motor Co. Ltd., Terra Motors Corp., Bayerische Motoren Werke AG (BMW), Jiangsu Xinri E-Vehicle Co. Ltd., Piaggio & C. SpA, Giant Manufacturing Co. Ltd., Accell Group, Derby Cycle Holding GmbH, Pedego Electric, VOLT E BYK, Energica Motor Co SpA, Zero Motorcycles Inc. and ECCITY Motorcycles.


The increase in monetary and non-monetary incentives promotes the adoption of battery-powered two-wheelers. Additionally, the desire for sustainable urban mobility and modern transport is driving the shift from traditional modes of transport to electric modes of transport. Electric two-wheelers should increase energy security and improve air quality

The electric two-wheeler market is likely to be driven by technological advancements, partnerships, and mergers and acquisitions by major competitors in the industry.

Get full access to the report: https://www.persistencemarketresearch.com/checkout/33028

Want to know more

Persistence Market Research, a research and advisory firm, has published an revised market research report on the Electric Two-Wheelers Market which contains a global industry analysis from 2017-2021 and an opportunity assessment for 2022 -2032.

The report provides an in-depth analysis of the market across different segments i.e. product type, battery type, category and region.

Related reports:

About Persistence Market Research:

Persistence Market Research (PMR), as a third-party research organization, operates through a proprietary fusion of market research and data analytics to help businesses soar high, regardless of the turbulence encountered due to the financial/natural crises.


Persistence Market Research is always ahead of its time. In other words, he presents market solutions by putting himself in the shoes of the companies/customers long before they themselves have a boost in the market. The proactive approach followed by the experts of Persistence Market Research helps companies/clients to get their hands on technical-commercial information in advance, so that the subsequent action plan can be simplified on their part.


Rajendra Singh

Persistence Market Research
European office:
Potsdamer Platz 10 House
2, 5th floor Berlin, Germany 10785
Email: [email protected]

Visit our website: https://www.persistencemarketresearch.com

Wiley C. Thompson