Electric Two Wheeler Market to Grasp Excellent Growth by 2028

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According to the latest market research report title “Electric Two Wheeler Market By VehicleType (Scooter/Moped, Motorcycle), By Application (Personal Use, Commercial Use), By Drive Type (Off road, Urban), 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, 90/90-12, 5.5 x 17, 120/70 ZR17, 100/70-17, 90/90-14, 3.00-10, 110/70-12, 90/90-10, 110/80-14, 3.50-10, 120/70-12, Others), By Region (North America, Latin America, Europe, The Middle East & Africa, Asia Pacific)–Forecast to 2023″, published by MarkNtel Advisors, 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.

The data present in the report exhibit from the historic years (2019-22) and the base year (2023) to put together estimations for the forecast period (2023-28). In the study, our researchers put together reliable, unbiased, and accurate data to enlighten investors about fluctuations in the industry & anticipations on what to expect in the future. Since the industry is dynamic and highly fragmented, this report enables the prominent players to make strategic moves associated with their investments in the coming years.

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Global Electric Two Wheeler Market Possible Restraint:

High Cost & Limited Functionalities to Restrain the Global Market – Electric two-wheelers have several advantages, such as reduced carbon footprint, easy accessibility, lightweight, and others. However, the cost of these vehicles is high due to the motor, which must be specially crafted & fitted for electric vehicles. The raw materials like lithium-ion batteries, nickel, etc., required for the manufacturing process are costly, therefore the price of EV is significantly higher than that of conventional fuel-based motorcycles & scooters.

Furthermore, an electric two-wheeler lacks in the scenario of speed due to less power of the electric motor compared to a conventional fuel-based vehicle, which provides high speed. In addition, there are riders who are speed or technology enthusiasts, prefer conventional fuel-based bikes for the high speed & technology as electric bike can offer an average speed of just 15-20 miles per hour, which is quite less in comparison to a fuel-based motorcycles. As a result, the high price of electric scooters & motorcycles, combined with speed limits, hindered the market flow.

Electric Two Wheeler Market Segmentation

The Electric Two Wheeler Market is highly robust and fragmented into numerous segments;

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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Key Players Operating in the Electric Two Wheeler Market: –

-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:

  • What is the projected CAGR of the Electric Two Wheeler Market during the forecast period?
  • Which segment is expected to lead the Electric Two Wheeler Market?
  • Who are the prominent players driving market growth?

Key Offerings:

  • Market Share, Size, and Revenue Forecast
  • Market Dynamics: Growth drivers, restraints, investment opportunities, and key trends
  • Landscape: Leading key players and other prominent participants

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.

Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.

We understand the mounting & diverse needs of our clients. Hence, our analysts focus on emerging industries to provide services that fulfilled their assessment of the current & future industry potential, identify white spaces & hotspots, & venture into new geographies or business segments in the future.

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