Report Description

Asia Pacific Electric Two-Wheeler Market is growing due to the increase in the demand of the electric vehicles across the region and the rise in the adoption of the electric two-wheeler is also because of the less maintenance cost of these vehicles.

Recent Developments

The growing emissions standards is leading industry to focus on the sustainable products, leading to the growth of the electric two wheeler segment. In the Asia-Pacific region, China, India, Japan, and other countries are witnessing a rise in innovations and product launches in the electric two-wheeler category. Similarly, many new startups and joint ventures in the region are taking shape. Companies like Zhejiang Minimotors Bike Co., Ltd., Ather Energy, Hero Electric Vehicles Pvt. Ltd., Gogoro Inc., Revolt Motors, etc. are involved in developing electric two-wheelers in the region, and similarly, the established players in the region are also investing in the market. Recently India based startup Ultraviolette Automotive Pvt Ltd has launched a high end electric motorcycle named F77 with a range around 300km. All such developments in the market will generate new opportunity in the region.

In Asia-Pacific, many nations are offering subsidies for electric vehicles and the rise in demand of electric vehicle is also because of the less maintenance and operational cost of these vehicles. Long-term automotive market trends are anticipated to include electrification and green technologies. In the region, the use of electric two-wheelers has advanced significantly to increase commuter effectiveness and reduce air pollution. The adoption of green vehicles and the implementation of emission standard upgrades are expanding the market for electric two-wheelers in Asia pacific.

The demand for first-mile, last-mile, and short-distance travel solutions is another element propelling the market expansion. Customers daily routines tend to be more fixed, particularly for people who commute to and from work every day on electric two-wheelers. Their primary concerns are safety, comfort, cost, and cost-effectiveness and electric vehicles are the best alternative for them. The market for electric two-wheelers is expanding due to the demand for online food delivery and package delivery. Riders prefer to use electric two-wheelers because they are faster than two-wheel bicycles and are more efficient. The market for electric two-wheelers is expanding because of technology advancements in battery charging, battery swapping and other infrastructure expansions.


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Less Operational and Maintenance Costs

An electric motor, controller, and battery pack are used instead of complex oily components like the engine, fuel lines, and tank. Compared to an Internal Combustion Engine vehicle, an electric drivetrain is much simpler because there are fewer moving parts. However, other ancillary systems like the cooling system, steering system, brakes, and suspension remain largely unchanged in EVs, which is an aspect that is decreasing the total cost of ownership vehicles. Due to increased manufacturing capacity and infrastructure improvements, which are expected to lower battery prices in the coming years, Asia-Pacific currently accounts for a large portion of the world's sales of electric two-wheelers. This will increase the demand for electric two-wheelers while also lowering their price. As two-wheelers have lower operating costs than other types of vehicles, the last-mile delivery industry is also expected to adopt electric two wheelers. All these factors will increase the demand of the electric two wheelers in the region.

Government Incentives and Subsidies

Many different countries in the region is promoting the use of electric vehicles by offering incentives to new electric vehicle owners and manufacturers. Additionally, many regional governments in the area are providing benefits and other subsidies to developing infrastructure and charging service providers to increase the adoption towards electric vehicles. The governments of various nations in the region are putting in place infrastructure for two-wheeler charging, such as Gogoro, which will establish battery swapping facilities in the Philippines, and they are also introducing policies to encourage the use of electric vehicles in nations like India, China, Indonesia, Vietnam, and other nations in the Asia-Pacific. The government subsidies are promoting the use of the electric vehicles in the region and in the coming years, the adoption of electric vehicles will increase.

Lack of Adequate Charging Infrastructure

In the electric two-wheeler segment, battery swapping reduces charging time and is highly preferred in the region but its adoption is hampered by a lack of infrastructure and battery standards in the region. The slow infrastructure development in rural areas may be the cause of its slow growth. Similar to this, the countries' lack of defined charging standards and the use of universal batteries for all vehicles pose growth challenges. Electric vehicle charging infrastructure is being developed in nations like India, China, and Japan.

The COVID-19 also had a negative effect on the sector as it hindered all manufacturing and operational activities in the sector; all setup operations for charging stations were halted as a result of lockdowns and other restrictions imposed by various regional governments. In the forecast years the charging infrastructure will grow, and this will help electric two-wheeler market in the region to grow.

Market Segmentation

The Asia-Pacific Electric Two-Wheeler Market is segmented by Vehicle Type, by Battery Capacity, by Battery Type and by Country. Based on Vehicle Type, the market is segmented into Scooter/Moped and Motorcycle. Based on Battery Capacity, the market is segmented into <25Ah & >25Ah. Based on Battery Type, the market is segmented into Lead Acid & Li-ion The market analysis also studies the country wise segmentation to devise the market.

Company Profiles

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 and Ather Energy Pvt. Ltd. are the leading companies in the Asia Pacific market, developing electric two wheelers. There are other several start-ups that are also developing efficient electric two wheelers in the region.

Attribute

Details

Base Year

2022

Historical Years

2018 – 2022

Estimated Year

2023

Forecast Period

2024 – 2030

Quantitative Units

Revenue in USD Billion, Volume in Thousand Units, and CAGR for 2018-2022 and 2023-2030

Report Coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

By Vehicle Type

By Battery Capacity

By Battery Type

By Country

Regional Scope

Asia-Pacific

Country Scope

China, India, Japan, Malaysia, Indonesia, Thailand, Vietnam, Singapore, South Korea, Taiwan

Key Companies Profiled

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 and Ather Energy Pvt. Ltd.

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

Report Scope:

In this report, Asia-Pacific Electric Two-Wheeler Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·         Asia-Pacific Electric Two-Wheeler Market, By Vehicle Type:

    • Scooter/Moped
    • Motorcycle
  • Asia-Pacific Electric Two-Wheeler Market, By Battery Capacity:
    • <25Ah
    • >25Ah

·         Asia-Pacific Electric Two-Wheeler Market, By Battery Type:

    • Lead Acid
    • Li-ion
  • Asia-Pacific Electric Two-Wheeler Market, By Country:
      • China
      • India
      • Japan
      • Malaysia
      • Indonesia
      • Thailand
      • Vietnam
      • Singapore
      • South Korea
      • Taiwan

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Asia-Pacific 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).

It is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary         

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Impact of COVID-19 on Asia-Pacific Electric Two-Wheeler Market

5.    Voice of Customer

5.1.  Factors Influencing Purchase Decision

5.2.  Aided and Unaided Brand Recall

5.3.  Brand Satisfaction Level

6.    Asia-Pacific Electric Two-Wheeler Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Volume

6.1.2.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Vehicle Type (Scooter/Moped and Motorcycle)

6.2.2.     By Battery Capacity (<25Ah & >25Ah)

6.2.3.     By Battery Type (Lead Acid & Li-ion)

6.2.4.     By Country

6.3.  Asia Pacific Electric Two-Wheeler Market Mapping & Opportunity

6.3.1.     Market Mapping & Opportunity by Vehicle Type

6.3.2.     Market Mapping & Opportunity by Country

6.3.2.1.1.             By Country

6.3.3.     China Electric Two-Wheeler Market Outlook

6.3.3.1.         Market Size & Forecast

6.3.3.1.1.             By Volume

6.3.3.1.2.             By Value

6.3.3.2.         Market Share & Forecast

6.3.3.2.1.             By Vehicle Type (Scooter/Moped and Motorcycle)

6.3.3.2.2.             By Battery Capacity (<25Ah & >25Ah)

6.3.3.2.3.             By Battery Type (Lead Acid & Li-ion)

6.3.3.2.4.             By Country

6.3.4.      India Electric Two-Wheeler Market Outlook

6.3.4.1.         Market Size & Forecast

6.3.4.1.1.             By Volume

6.3.4.1.2.             By Value

6.3.4.2.         Market Share & Forecast

6.3.4.2.1.             By Vehicle Type (Scooter/Moped and Motorcycle)

6.3.4.2.2.             By Battery Capacity (<25Ah & >25Ah)

6.3.4.2.3.             By Battery Type (Lead Acid & Li-ion)

6.3.5.     Japan Electric Two-Wheeler Market Outlook

6.3.5.1.         Market Size & Forecast

6.3.5.1.1.             By Volume

6.3.5.1.2.             By Value

6.3.5.2.         Market Share & Forecast

6.3.5.2.1.             By Vehicle Type (Scooter/Moped and Motorcycle)

6.3.5.2.2.             By Battery Capacity (<25Ah & >25Ah)

6.3.5.2.3.             By Battery Type (Lead Acid & Li-ion)

6.3.6.     Malaysia Electric Two-Wheeler Market Outlook

6.3.6.1.         Market Size & Forecast

6.3.6.1.1.             By Volume

6.3.6.1.2.             By Value

6.3.6.2.         Market Share & Forecast

6.3.6.2.1.             By Vehicle Type (Scooter/Moped and Motorcycle)

6.3.6.2.2.             By Battery Capacity (<25Ah & >25Ah)

6.3.6.2.3.             By Battery Type (Lead Acid & Li-ion)

6.3.7.     Thailand Electric Two-Wheeler Market Outlook

6.3.7.1.         Market Size & Forecast

6.3.7.1.1.             By Volume

6.3.7.1.2.             By Value

6.3.7.2.         Market Share & Forecast

6.3.7.2.1.             By Vehicle Type (Scooter/Moped and Motorcycle)

6.3.7.2.2.             By Battery Capacity (<25Ah & >25Ah)

6.3.7.2.3.             By Battery Type (Lead Acid & Li-ion)

6.3.8.     Indonesia Electric Two-Wheeler Market Outlook

6.3.8.1.         Market Size & Forecast

6.3.8.1.1.             By Volume

6.3.8.1.2.             By Value

6.3.8.2.         Market Share & Forecast

6.3.8.2.1.             By Vehicle Type (Scooter/Moped and Motorcycle)

6.3.8.2.2.             By Battery Capacity (<25Ah & >25Ah)

6.3.8.2.3.             By Battery Type (Lead Acid & Li-ion)

6.3.9.     Singapore Electric Two-Wheeler Market Outlook

6.3.9.1.         Market Size & Forecast

6.3.9.1.1.             By Volume

6.3.9.1.2.             By Value

6.3.9.2.         Market Share & Forecast

6.3.9.2.1.             By Vehicle Type (Scooter/Moped and Motorcycle)

6.3.9.2.2.             By Battery Capacity (<25Ah & >25Ah)

6.3.9.2.3.             By Battery Type (Lead Acid & Li-ion)

6.3.10.  Vietnam Electric Two-Wheeler Market Outlook

6.3.10.1.      Market Size & Forecast

6.3.10.1.1.           By Volume

6.3.10.1.2.           By Value

6.3.10.2.      Market Share & Forecast

6.3.10.2.1.           By Vehicle Type (Scooter/Moped and Motorcycle)

6.3.10.2.2.           By Battery Capacity (<25Ah & >25Ah)

6.3.10.2.3.           By Battery Type (Lead Acid & Li-ion)

6.3.11.  South Korea Electric Two-Wheeler Market Outlook

6.3.11.1.      Market Size & Forecast

6.3.11.1.1.           By Volume

6.3.11.1.2.           By Value

6.3.11.2.      Market Share & Forecast

6.3.11.2.1.           By Vehicle Type (Scooter/Moped and Motorcycle)

6.3.11.2.2.           By Battery Capacity (<25Ah & >25Ah)

6.3.11.2.3.           By Battery Type (Lead Acid & Li-ion)

6.3.12.  Taiwan Electric Two-Wheeler Market Outlook

6.3.12.1.      Market Size & Forecast

6.3.12.1.1.           By Volume

6.3.12.1.2.           By Value

6.3.12.2.      Market Share & Forecast

6.3.12.2.1.           By Vehicle Type (Scooter/Moped and Motorcycle)

6.3.12.2.2.           By Battery Capacity (<25Ah & >25Ah)

6.3.12.2.3.           By Battery Type (Lead Acid & Li-ion)

7.    Overall Developments in the Industry

7.1.  EV Developments

7.2.  Incentives and Subsidies

7.3.  Battery, charger and other Standards

7.4.  New Players in the Market

7.5.  Key Investments in the Market

7.6.  Technological Developments

7.7.  Key Takeaways

8.    Market Dynamics

8.1.  Drivers

8.1.1.     Less Operational and Maintenance Costs

8.1.2.     Government Incentives and Subsidies.

8.2.  Challenges

8.2.1.     Lack of adequate Charging Infrastructure

9.    Market Trends

9.1.  Rising Emission Standards

9.2.  Surge in R&D and Technological Advancements

10.  Porter’s Five Forces Model

10.1.              Competition Landscape

10.2.              Buyer Power

10.3.              Supplier Power

10.4.              Threat of New Entrants

10.5.              Threat of Substitutes

11.  Competitive Landscape

11.1.              Zhejiang Luyuan Electric Vehicle.

11.1.1.  Company Details

11.1.2.  Products & Services

11.1.3.  Financial (As Reported)

11.1.4.  Key Market Focus & Geographical Presence

11.1.5.  Recent Development

11.1.6.  Key Management Personnel

11.2.              Dongguan Tailing Electric Vehicle Co. Ltd.

11.2.1.  Company Details

11.2.2.  Products & Services

11.2.3.  Financial (As Reported)

11.2.4.  Key Market Focus & Geographical Presence

11.2.5.  Recent Development

11.2.6.  Key Management Personnel

11.3.              Shandong Incalcu Electric Vehicle Co. Ltd

11.3.1.  Company Details

11.3.2.  Products & Services

11.3.3.  Financial (As Reported)

11.3.4.  Key Market Focus & Geographical Presence

11.3.5.  Recent Development

11.3.6.  Key Management Personnel

11.4.              Hero Electric Vehicles Pvt. Ltd.

11.4.1.  Company Details

11.4.2.  Products & Services

11.4.3.  Financial (As Reported)

11.4.4.  Key Market Focus & Geographical Presence

11.4.5.  Recent Development

11.4.6.  Key Management Personnel

11.5.              Okinawa Autotech Pvt. Ltd.

11.5.1.  Company Details

11.5.2.  Products & Services

11.5.3.  Financial (As Reported)

11.5.4.  Key Market Focus & Geographical Presence

11.5.5.  Recent Development

11.5.6.  Key Management Personnel

11.6.              Gogoro Inc.

11.6.1.  Company Details

11.6.2.  Products & Services

11.6.3.  Financial (As Reported)

11.6.4.  Key Market Focus & Geographical Presence

11.6.5.  Recent Development

11.6.6.  Key Management Personnel

11.7.              Zero Motorcycles Inc.

11.7.1.  Company Details

11.7.2.  Products & Services

11.7.3.  Financial (As Reported)

11.7.4.  Key Market Focus & Geographical Presence

11.7.5.  Recent Development

11.7.6.  Key Management Personnel

11.8.              Yadea group holdings ltd

11.8.1.  Company Details

11.8.2.  Products & Services

11.8.3.  Financial (As Reported)

11.8.4.  Key Market Focus & Geographical Presence

11.8.5.  Recent Development

11.8.6.  Key Management Personnel

11.9.              Revolt motors

11.9.1.  Company Details

11.9.2.  Products & Services

11.9.3.  Financial (As Reported)

11.9.4.  Key Market Focus & Geographical Presence

11.9.5.  Recent Development

11.9.6.  Key Management Personnel

11.10.            Ather Energy Pvt. Ltd.

11.10.1.                Company Details

11.10.2.                Products & Services

11.10.3.                Financial (As Reported)

11.10.4.                Key Market Focus & Geographical Presence

11.10.5.                Recent Development

11.10.6.                Key Management Personnel

12.  Strategic Recommendations

12.1.              Key Focus Areas

12.2.              Target Regions & Countries

12.3.              Target Type

12.4.              Target Category

13. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The growing emission curbs in the region, additional subsidies by the government to the customer and the less cost of ownership of such vehicles are expected to drive the Asia-Pacific Electric Two-Wheeler Market in the forecast years.

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Asia-Pacific Electric Two-Wheeler Market by service type is segmented into Scooter/Moped and Motorcycle.

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The major player contributing to Asia-Pacific Electric Two-Wheeler Market are 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.

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Scooter/Moped category is leading in the Vehicle type segment as most of the companies in the region has higher sales figures for this category in the Asia-Pacific Electric Two-Wheeler Market.

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Srishti Verma

Business Consultant
Press Release

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

Jan, 2023

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 al