Electric Two Wheeler Market Analysis and Forecast, 2023-2028

Projections for Electric Two Wheeler Market: Demand, Research, and Leading Players Toward 2028

The Global Electric Two Wheeler market is projected to grow at a CAGR of around 25.57% during the forecast period, i.e., 2023-28.

Electric Two Wheeler Market Overview

MarkNtel Advisors Research’s comprehensive study of the Electric Two Wheeler Market includes detailed geographical insights and a thorough analysis of the competitive landscape. This report offers essential information for companies and investors aiming to leverage the market’s significant potential for growth.

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Electric Two Wheeler Market Scope and Methodology

The market study of Electric Two Wheeler employs a thorough and comprehensive approach, utilizing both primary and secondary data sources. Quantitative tools are employed to estimate market size, growth rates, and trends, while qualitative methods explore consumer preferences, competitive landscape, and regulatory influences. SWOT analysis and Porter’s Five Forces model are valuable for assessing market dynamics and competitive positioning. This holistic methodology delivers precise insights into the nuances of the Electric Two Wheeler industry, offering a robust foundation for strategic planning and informed decision-making.

Driving Innovation: Exploring the Electric Two Wheeler Market and its Market Dynamics

Global Electric Two Wheeler Market Key Driver:

Expansion of E-scooter & E-motorcycle Rentals to Serve Tourists Drives the Market – Tourism is one of the major factors boosting the sales globally, as rental electric two-wheelers are the most preferred choice for tourists to visit the city hassle free on their own. Globally, the demand for these vehicles is being driven by urbanization, digitalization, micro-mobility, traffic congestion, and the cost of owning & maintaining bikes.

The tourist cities like Bali, Kuala Lumpur, Madrid, Delhi, etc., across the world, are facing traffic congestion & pollution caused by rapid urbanization that puts a lot of pressure on the public transport system. Therefore, the consumer prefers the rental electric two-wheeler as it offers hassle-free movement at a competent cost than renting a four-wheeler for the same purpose. As a result of the growing demand, various start-ups, such as Revel, City Scoot, Cooltra, VOGO, etc., that provide QR-based dockless services are increasingly expanding worldwide to gain significant revenues.

Thus, the expansion of e-scooter & motorcycle renting companies are notably driving the sales and is anticipated to continue to support the revenue expansion of the market in the upcoming years as well.

Electric Two Wheeler Market Segmentation

By VehicleType



By Application

-Personal Use

-Commercial Use

By Drive Type

-Off road


By Travel Range

-Up to 100 Km

-101 to 150 Km

-More than 150

By Battery Type

-Lead Acid

-Lithium Ion

By Battery Capacity

-< 2 kWh

-2-2.5 kWh

-> 2.5 kWh

By Tire Size

-3.50 x 17


-5.5 x 17

-120/70 ZR17










By Region

-North America

-Latin America


-The Middle East & Africa

-Asia Pacific

-South East Asia

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Electric Two Wheeler Market Key Players

-Hero Electric Vehicles Private Limited

-Okinawa Autotech International Private Limited

-Energica Motor Company S.P.A.

-AIMA Technology Group Co. Ltd.

-Yadea Technology Group Co., Ltd

-Terra Motors Corporation

-Zero Motorcycles Inc.

-Honda Motor Co., Ltd.

-Dongguan Tailing Electric Vehicle Co., Ltd.

-Silence Urban Ecomobility

-emcoelectroroller GmbH

-Vmoto Limited

-Jiangsu Xinri E-Vehicle Co.,Ltd



Key questions answered in the Electric Two Wheeler Market are:

  • What is Electric Two Wheeler?
  • What was the Electric Two Wheeler market size?
  • What are the different segments of the Electric Two Wheeler Market?
  • What growth strategies are the players considering to increase their presence in Electric Two Wheeler?
  • What are the recent industry trends that can be implemented to generate additional revenue streams for the Electric Two Wheeler Market?
  • What major challenges could the Electric Two Wheeler Market face in the future?
  • What segments are covered in the Electric Two Wheeler Market?
  • Who are the leading companies and what are their portfolios in Electric Two Wheeler Market?
  • What segments are covered in the Electric Two Wheeler Market?
  • Who are the key players in the Electric Two Wheeler market?

About MarkNtel Advisors

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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