North America Electric Two Wheeler Market By Vehicle Type (Scooter/Moped and Motorcycle), By Battery Type (Lead Acid & Li-ion), By Battery Capacity (<25Ah & >25Ah), By Range (Less than 100 Km, 100 Km -150 km, Above 150 Km), By Country, Competition, Forecast & Opportunities, 2028F 2028F

  • Industry : Automotive
  • Pages : NA
  • Published Date : NA
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Summary

Report Description

North America Electric Two-Wheeler market is witnessing a robust growth from the past few years, due to several reasons such as growing awareness regarding the harmful effects of greenhouse gases and other hazardous gases that are emitted from the gasoline’s engines, supportive initiatives by the governments, and rapid advancement in the battery technology. These reasons are helping in changing the notion among people regarding electric vehicles, and thus increasing their preferences for electric two wheelers.

North America Electric Two-Wheeler Market Scope

The North America electric two-wheeler market is segmented by vehicle type, by battery type, by battery capacity, by range, and by country. Based on vehicle type, the market is divided into scooter/moped and motorcycle. Based on the battery type, the market is segmented into lead-acid battery and li-ion battery. Based on the battery capacity the market is segmented into <25Ah & >25Ah. Lithium-ion batteries are made up of positively charged lithium ions. These ions are transferred from the negatively charged anode (the anode) to the positively charged cathode (the cathode) and the liquid electrolyte (the electrolyte). Though these types of batteries are lighter in weight, they offer fast charging capabilities and a slow discharge rate. However, they are pricier when compared to other traditional batteries. Lead-acid batteries are made up of a lead electrode with a negative porous covering on a plate. The electrode remains submerged in a solution of low-sulphuric acid when the electrical energy is converted into chemical energy, and vice versa. This is where the battery is charged and discharged. Nickel metal hydrides are mainly used in hybrid vehicles (i.e., electric and ICE). These batteries are designed in such a way that the nickel alloy is on one end of the battery, and the nickel oxy hydroxide is on the other. The electrolyte is potassium hydroxide. The charging and discharge of the battery takes place within the electrodes. The electrodes are made up of a special alloy that can absorb hydrogen with the help of an alkali electrolyte. Furthermore, based on the battery capacity, the market is divided into (<25Ah & >25Ah. Based on the range, the market is segmented into Less than 100 Km, 100 Km -150 km, Above 150 Km. And lastly, based on the countries, the market is divided among Canada, United States, and Mexico.

North America Electric Two-Wheeler Market Overview

The North America Electric Two-Wheeler market is expected to grow at a faster rate in the forecasted period. The market is significantly driven by the rise of urbanization, increase in share mobility market, environmental concerns of pollution emitted from gasoline, etc. Rapid urbanization is leading to an increase in traffic in cities, and therefore, two-wheelers are offering a convenient option to travel with shorter distances and a cost-effective alternative at the same time. With rising inflation, vehicles are becoming expensive along with many other amenities. So, shared mobility is gaining popularity, owing to its cost-effective benefits. Further, advancement in battery technology is helping in convincing more and more people to opt for electric vehicles. These technologies are resulting in driving the market substantially in the coming years. Moreover, the support from government in terms of incentives, subsidies, tax benefits, etc., is one of the major factors which is helping in the increase of electric two-wheelers market in North America.

North America Electric Two-Wheeler Market Drivers

The government initiatives are helping in increasing the fleet of electric two-wheelers in the North America continent. Benefits such as tax rebates, upfront payment subsidies, separate lanes during congestion, etc., are resulting in the popularity of electric two-wheelers among consumers. Furthermore, governments are imposing restrictions on the emission of vehicles which is pressurizing the vehicle manufacturers to produce a certain percentage of electric two-wheelers, out of the total vehicles manufactured.  Restrictions on emissions are also pushing the development of charging infrastructure in the countries, which is again helping in the increasing demand of electric two-wheelers in North America.

Rapid urbanization is also contributing to the growth of electric two-wheelers in North America. Urbanization is resulting in the increase of traffic congestion in cities which is leading to the growth of electric two-wheelers requirements. These vehicles provide the convenience of commuting at a shorter distance and with ease. Moreover, the rising living expenses in many cities of North America, has resulted in the increase of shared mobility which itself is experiencing the huge adoption of electric two-wheelers. Shared mobility helps in reducing the cost of ownership and maintenance of vehicles and thus, is seen as a good alternative for commuting to different places, ultimately helping in the increase of electric two-wheeler market.

Advancement in battery technology is helping a lot in the growth of electric two-wheeler market in North America. These technologies are helping in increasing the vehicle range and reduction in battery prices, aiding in reducing the overall cost of the vehicle, decrease in charging time, better battery life, among others. All these factors are among the major concerns of people regarding electric vehicles. Therefore, improvement in these areas is helping in persuading people to buy electric two-wheelers.

North America Electric Two-Wheeler Market Trends

The increasing adoption of electric two-wheelers can be seen in many cities of North America. As more and more people are becoming aware of the environment, the increase in sales of electric two-wheelers is rising as compared to the other type of two-wheelers. Cities are focusing on the rapid development of charging infrastructure for electric vehicles and promoting the use of electric vehicles due to a greater number of vehicles in the cities. Moreover, automotive manufacturing companies are offering more categories of electric two-wheelers which is helping to increase a greater number of customers and capture their preferences.

Another emerging trend in the market for electric two-wheelers is the increasing demand for electric motorcycles. Although the market for electric motorcycles is still relatively small, the availability of top-of-the-line models and improvements in battery technology are likely to contribute to the growth of this segment in the near future. Electric two-wheelers are expected to experience steady growth over the next few years, due to several factors such as growing preference for eco-friendly transport, government initiatives to encourage the adoption of electric vehicles and improvements in battery technology, etc.

North America Electric Two-Wheeler Market Challenges

The electric two-wheeler market has less incentives in North America. While the incentives for the electric vehicle market in general is huge but the market of electric two-wheeler has received lesser incentives as compared to other electric vehicle space in the country. Therefore, this bias in allotment of incentives is slowing the process of electrification of the two-wheeler market.

Electric vehicles have high initial costs as compared to the vehicles powered by internal combustion engines.  Even though governments are providing subsidies for purchasing new vehicles, they are still not considered as a competitive alternative to the combustion engine vehicles. Moreover, the improvement in battery technology is helping in driving the growth of electric two-wheelers. There are many areas which are of concern as of now, such as charging time, range, battery life, etc. Furthermore, there are some developments which need to be addressed regarding the disposal of batteries in an environmentally friendly manner.

Market Opportunities

The electric two-wheeler market presents several opportunities for growth in North America. The market is lagging in the charging infrastructure which gives the opportunities to develop the charging network at an early stage for vehicles. There are several incentives from the government as well to install the stations, especially in the cities. Further, trends of electric two-wheelers are more prevalent in the shared mobility market and delivery services which gives opportunity to increase the fleet size of these vehicles such market around the continent.

 

Company Profiles

Zero Motorcycles Inc, Lightning Motorcycle Corp., Harley Davidson Inc., ENERGICA MOTOR COMPANY INC., Yamaha Motor Co. Ltd., CSC Motorcycles, Niu International, BMW North America LLC, Yadea Group Holdings Ltd., Torrot Electric Europe S.A. (Volcon ePowersports) are some of the major players in the North America Electric Two-Wheeler market.


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Attribute

Details

Base Year

2022

Historic Data

2019 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Value in USD Million, CAGR for 2018-2022 and 2023-2028

Report Coverage

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

Segments Covered

Vehicle Type

Battery Type

Battery Capacity

By Range

By Country

Regional scope

Canada, United States, Mexico

Key Companies Profiled

Company Profiles

Zero Motorcycles Inc, Lightning Motorcycle Corp., Harley Davidson Inc., ENERGICA MOTOR COMPANY INC., Yamaha Motor Co. Ltd., CSC Motorcycles, Niu International, BMW North America LLC, Yadea Group Holdings Ltd., Torrot Electric Europe S.A. (Volcon ePowersports).

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/Word format on special request)

Report Scope:

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

  • North America Electric Two-Wheeler Market, By Vehicle Type:
    • Scooter/Moped
    • Motorcycle
  • North America Electric Two-Wheeler Market, By Battery Type:
    • Li-ion
    • Lead Acid
  • North America Electric Two-Wheeler Market, By Battery Capacity:
    • <2 kWh
    • 2-2.5 kWh
    • >2.5 kWh
  • North America Electric Two-Wheeler Market, By Range:
    • <50 km
    • 50-100 km
    • 100-150 km
    • >150 km
  • North America Electric Two-Wheeler Market, By Country:
    • Canada
    • United States
    • Mexico

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in North America 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).

The North America Electric Two-Wheeler Market 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 Countries

3.4.  Key Segments

4.    Impact of COVID-19 on North America Electric Two-Wheeler Market

5.    Voice of Customer Analysis

5.1.  Brand Awareness

5.2.  Factors Influencing Purchase Decision

5.3.  Challenges & Unmet Needs

6.    North America 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 Market Share Analysis (Scooter/Moped, Motorcycle)

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

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

6.2.4.     By Range Market Share Analysis (Less than 100 Km, 100 Km -150 km, Above 150 Km)

6.2.5.     By Country Market Share Analysis

6.2.5.1.         United States Market Share Analysis

6.2.5.2.         Canada Market Share Analysis

6.2.5.3.         Mexico Market Share Analysis

6.2.6.     By Company Market Share Analysis (Top 5 Companies, Others - By Value, 2023)

6.3.  North America Electric Two-Wheeler Market Mapping & Opportunity Assessment

6.3.1.     By Vehicle Type Market Mapping & Opportunity Assessment

6.3.2.     By Battery Capacity Market Mapping & Opportunity Assessment

6.3.3.     By Battery Type Market Mapping & Opportunity Assessment

6.3.4.     By Range Market Mapping & Opportunity Assessment

6.3.5.     By Country Market Mapping & Opportunity Assessment

7.    United States Electric Two-Wheeler Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Volume

7.1.2.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Vehicle Type Market Share Analysis

7.2.2.     By Battery Capacity Market Share Analysis

7.2.3.     By Battery Type Market Share Analysis

7.2.4.     By Range Market Share Analysis

8.    Canada Electric Two-Wheeler Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Volume

8.1.2.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Vehicle Type Market Share Analysis

8.2.2.     By Battery Capacity Market Share Analysis

8.2.3.     By Battery Type Market Share Analysis

8.2.4.     By Range Market Share Analysis

9.    Mexico Electric Two-Wheeler Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Volume

9.1.2.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Vehicle Type Market Share Analysis

9.2.2.     By Battery Capacity Market Share Analysis

9.2.3.     By Battery Type Market Share Analysis

9.2.4.     By Range Market Share Analysis

10.  Porter’s Five Forces Model

10.1.              Competitive Rivalry

10.2.              Bargaining Powers of Suppliers

10.3.              Bargaining Powers of Buyers

10.4.              Threat of New Entrants

10.5.              Threat of Substitutes

11.  SWOT Analysis

11.1.              Strength

11.2.              Weakness

11.3.              Opportunities

11.4.              Threats

12.  Market Dynamics

12.1.              Market Drivers

12.2.              Market Challenges

13.  Market Trends and Developments

14.  Competitive Landscape

14.1.              Company Profiles (Up to 10 Major Companies)

14.1.1.  Zero Motorcycles Inc.

14.1.1.1.      Company Details

14.1.1.2.      Key Product Offered

14.1.1.3.      Financials (As Per Availability)

14.1.1.4.      Recent Developments

14.1.1.5.      Key Management Personnel

14.1.2.  Harley-Davidson

14.1.2.1.      Company Details

14.1.2.2.      Key Product Offered

14.1.2.3.      Financials (As Per Availability)

14.1.2.4.      Recent Developments

14.1.2.5.      Key Management Personnel

14.1.3.  Gogoro

14.1.3.1.      Company Details

14.1.3.2.      Key Product Offered

14.1.3.3.      Financials (As Per Availability)

14.1.3.4.      Recent Developments

14.1.3.5.      Key Management Personnel

14.1.4.  Energica Motor Company Inc.

14.1.4.1.      Company Details

14.1.4.2.      Key Product Offered

14.1.4.3.      Financials (As Per Availability)

14.1.4.4.      Recent Developments

14.1.4.5.      Key Management Personnel

14.1.5.  Yamaha Motor Co. Ltd.

14.1.5.1.      Company Details

14.1.5.2.      Key Product Offered

14.1.5.3.      Financials (As Per Availability)

14.1.5.4.      Recent Developments

14.1.5.5.      Key Management Personnel

14.1.6.  CSC Motorcycles

14.1.6.1.      Company Details

14.1.6.2.      Key Product Offered

14.1.6.3.      Financials (As Per Availability)

14.1.6.4.      Recent Developments

14.1.6.5.      Key Management Personnel

14.1.7.  Niu International

14.1.7.1.      Company Details

14.1.7.2.      Key Product Offered

14.1.7.3.      Financials (As Per Availability)

14.1.7.4.      Recent Developments

14.1.7.5.      Key Management Personnel

14.1.8.  BMW North America LLC

14.1.8.1.      Company Details

14.1.8.2.      Key Product Offered

14.1.8.3.      Financials (As Per Availability)

14.1.8.4.      Recent Developments

14.1.8.5.      Key Management Personnel

14.1.9.  Yadae Group Holdings Ltd.

14.1.9.1.      Company Details

14.1.9.2.      Key Product Offered

14.1.9.3.      Financials (As Per Availability)

14.1.9.4.      Recent Developments

14.1.9.5.      Key Management Personnel

14.1.10.                Torrot Electric Europe S.A. (Valcon ePowersports)

14.1.10.1.    Company Details

14.1.10.2.    Key Product Offered

14.1.10.3.    Financials (As Per Availability)

14.1.10.4.    Recent Developments

14.1.10.5.    Key Management Personnel

15.  Strategic Recommendations

15.1.              Key Focus Areas

15.1.1.  Target Countries

15.1.2.  Target Vehicle Type

15.1.3.  Target Battery Capacity

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The key factors driving the North America electric two-wheeler market are increasing government initiatives, urbanisation, climate concerns, improving battery technology, and better charging infrastructure in urban areas.

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Currently, the Lithium-ion battery is leading the market in North America.

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United States has largest market share of electric two-wheelers in North America.

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The key players in the North America Electric Two-Wheeler market are Zero Motorcycles Inc, Lightning Motorcycle Corp., Harley Davidson Inc., ENERGICA MOTOR COMPANY INC., Yamaha Motor Co. Ltd., CSC Motorcycles, Niu International, BMW North America LLC, Yadea Group Holdings Ltd., and Torrot Electric Europe S.A. (Volcon ePowersports).

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Srishti Verma

Business Consultant
Press Release

North America Electric Two-Wheeler Market to be Led by Small Business Segment Through 2028

Feb, 2024

Rising concerns regarding the environment, traffic congestion due to urbanization, advancement in battery technology, and government initiatives are leading the growth of electric two-wheeler market

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