Electric Two-Wheeler Market 2027

MARKET INTELLIGENCE . CONSULTING www.techsciresearch.com 2017 – 2027 GLOBAL ELECTRIC TWO - WHEELER MARKET FORECAST & OPPORTUNITIES

2 Scope of Report Product of Interest (POI): Electric Two - Wheeler Review Period 2017 – 2020 Base Year 2021 Estimated Year 2022 Forecast Period 2023 – 2027 Year Range BATTERY TYPE • Asia - Pacific • America • Europe • MEA REGION A moped is a two - wheeler with an underbone or step - through frame and a platform for the rider's feet . Market Segmentation VEHICLE TYPE • Electric Scooter • Electric Motorcycle RANGE • Less than 50Km • 50 - 100Km • 101 - 150Km • Above 150Km BATTERY CAPACITY • <25Ah • >25Ah • Lead Acid • Li - ion A motorcycle is a two wheeled motor vehicle with battery mounted in middle of the frame and a manual clutch and gear system . A motorcycle is larger and heavier in size than that of a moped and its design varies based on the range and purpose of travelling .

3 Table of Contents S. No. Contents Page No. 1. Product Overview (Definition of Product Type and major terminologies used in the report) 2. Research Methodology ( Detailed description of the methodology used to conduct the research, Raw data backup, list of all secondary sources, List of respondents for primary surveys) 3. Impact of COVID - 19 on Global Electric Two - Wheeler Market 4. Executive Summary (This chapter covers summary of the complete study. ) 5. Voice Of Customer 6. Global Electric Two - Wheeler Market Outlook, 2016 - 2026F ( This chapter includes a brief overview of the product of interest market such as total market’s growth rate, expected growth rate, key growth levers, leading region, top grossing product types, etc. It includes more of a qualitative information about the market.) 6.1. Market Size & Forecast 6.1.1. By Value & Volume 6.2. Market Share & Forecast 6.2.1. By Vehicle Type (Scooter/Mopeds, Motorcycle) 6.2.2. By Range (Less than 50Km, 50 - 100Km, 101 - 150Km, Above 150Km) 6.2.3. By Battery Capacity (<25Ah, >25Ah) 6.2.4. By Battery Type ( Lead Acid, Li - ion) 6.2.5. By Company (2021) 6.2.6. By Region 6.3. Product Market Map

4 Table of Contents S. No. Contents Page No. 7. Asia - Pacific Electric Two - Wheeler Market Outlook 7.1. Market Size & Forecast 7.1.1. By Value & Volume 7.2. Market Share & Forecast 7.2.1. By Vehicle Type 7.2.2. By Range 7.2.3. By Battery Capacity 7.2.4. By Battery Type 7.2.5. By Country 7.3. Asia - Pacific: Country Analysis 7.3.1. China Electric Two - Wheeler Market Outlook 7.3.1.1. Market Size & Forecast 7.3.1.1.1. By Value & Volume 7.3.1.2. Market Share & Forecast 7.3.1.2.1. By Vehicle Type 7.3.1.2.2. By Range 7.3.1.2.3. By Battery Capacity 7.3.1.2.4. By Battery Type 7.3.1.3. Policy and Regulatory Landscape 7.3.1.3.1. Government Incentives and Subsidies 7.3.1.3.2. Road and Infrastructure Related Regulations 7.3.1.3.3. Other Electric Two - Wheeler Related Regulations

5 Table of Contents S. No. Contents Page No. 7.3.2. Indonesia Electric Two - Wheeler Market Outlook 7.3.2.1. Market Size & Forecast 7.3.2.1.1. By Value & Volume 7.3.2.2. Market Share & Forecast 7.3.2.2.1. By Vehicle Type 7.3.2.2.2. By Range 7.3.2.2.3. By Battery Capacity 7.3.2.2.4. By Battery Type 7.3.2.3. Policy and Regulatory Landscape 7.3.2.3.1. Government Incentives and Subsidies 7.3.2.3.2. Road and Infrastructure Related Regulations 7.3.2.3.3. Other Electric Two - Wheeler Related Regulations 7.3.3. Thailand Electric Two - Wheeler Market Outlook 7.3.3.1. Market Size & Forecast 7.3.3.1.1. By Value & Volume 7.3.3.2. Market Share & Forecast 7.3.3.2.1. By Vehicle Type 7.3.3.2.2. By Range 7.3.3.2.3. By Battery Capacity 7.3.3.2.4. By Battery Type 7.3.3.3. Policy and Regulatory Landscape 7.3.3.3.1. Government Incentives and Subsidies 7.3.3.3.2. Road and Infrastructure Related Regulations 7.3.3.3.3. Other Electric Two - Wheeler Related Regulations

6 Table of Contents S. No. Contents Page No. 7.3.4. Philippines Electric Two - Wheeler Market Outlook 7.3.4.1. Market Size & Forecast 7.3.4.1.1. By Value & Volume 7.3.4.2. Market Share & Forecast 7.3.4.2.1. By Vehicle Type 7.3.4.2.2. By Range 7.3.4.2.3. By Battery Capacity 7.3.4.2.4. By Battery Type 7.3.4.3. Policy and Regulatory Landscape 7.3.4.3.1. Government Incentives and Subsidies 7.3.4.3.2. Road and Infrastructure Related Regulations 7.3.4.3.3. Other Electric Two - Wheeler Related Regulations 7.3.5. Vietnam Electric Two - Wheeler Market Outlook 7.3.5.1. Market Size & Forecast 7.3.5.1.1. By Value & Volume 7.3.5.2. Market Share & Forecast 7.3.5.2.1. By Vehicle Type 7.3.5.2.2. By Range 7.3.5.2.3. By Battery Capacity 7.3.5.2.4. By Battery Type 7.3.5.3. Policy and Regulatory Landscape 7.3.5.3.1. Government Incentives and Subsidies 7.3.5.3.2. Road and Infrastructure Related Regulations 7.3.5.3.3. Other Electric Two - Wheeler Related Regulations

7 Table of Contents S. No. Contents Page No. 7.3.6. India Electric Two - Wheeler Market Outlook 7.3.6.1. Market Size & Forecast 7.3.6.1.1. By Value & Volume 7.3.6.2. Market Share & Forecast 7.3.6.2.1. By Vehicle Type 7.3.6.2.2. By Range 7.3.6.2.3. By Battery Capacity 7.3.6.2.4. By Battery Type 7.3.6.3. Policy and Regulatory Landscape 7.3.6.3.1. Government Incentives and Subsidies 7.3.6.3.2. Road and Infrastructure Related Regulations 7.3.6.3.3. Other Electric Two - Wheeler Related Regulations 7.3.7. Malaysia Electric Two - Wheeler Market Outlook 7.3.7.1. Market Size & Forecast 7.3.7.1.1. By Value & Volume 7.3.7.2. Market Share & Forecast 7.3.7.2.1. By Vehicle Type 7.3.7.2.2. By Range 7.3.7.2.3. By Battery Capacity 7.3.7.2.4. By Battery Type 7.3.7.3. Policy and Regulatory Landscape 7.3.7.3.1. Government Incentives and Subsidies 7.3.7.3.2. Road and Infrastructure Related Regulations 7.3.7.3.3. Other Electric Two - Wheeler Related Regulations

8 Table of Contents S. No. Contents Page No. 7.3.8. Japan Electric Two - Wheeler Market Outlook 7.3.8.1. Market Size & Forecast 7.3.8.1.1. By Value & Volume 7.3.8.2. Market Share & Forecast 7.3.8.2.1. By Vehicle Type 7.3.8.2.2. By Range 7.3.8.2.3. By Battery Capacity 7.3.8.2.4. By Battery Type 7.3.8.3. Policy and Regulatory Landscape 7.3.8.3.1. Government Incentives and Subsidies 7.3.8.3.2. Road and Infrastructure Related Regulations 7.3.8.3.3. Other Electric Two - Wheeler Related Regulations 7.3.9. South Korea Electric Two - Wheeler Market Outlook 7.3.9.1. Market Size & Forecast 7.3.9.1.1. By Value & Volume 7.3.9.2. Market Share & Forecast 7.3.9.2.1. By Vehicle Type 7.3.9.2.2. By Range 7.3.9.2.3. By Battery Capacity 7.3.9.2.4. By Battery Type 7.3.9.3. Policy and Regulatory Landscape 7.3.9.3.1. Government Incentives and Subsidies 7.3.9.3.2. Road and Infrastructure Related Regulations 7.3.9.3.3. Other Electric Two - Wheeler Related Regulations

9 Table of Contents S. No. Contents Page No. 8. Europe Electric Two - Wheeler Market Outlook 8.1. Market Size & Forecast 8.1.1. By Value & Volume 8.2. Market Share & Forecast 8.2.1. By Vehicle Type 8.2.2. By Range 8.2.3. By Battery Capacity 8.2.4. By Battery Type 8.2.5. By Country 8.3. Europe: Country Analysis 8.3.1. France Electric Two - Wheeler Market Outlook 8.3.1.1. Market Size & Forecast 8.3.1.1.1. By Value & Volume 8.3.1.2. Market Share & Forecast 8.3.1.2.1. By Vehicle Type 8.3.1.2.2. By Range 8.3.1.2.3. By Battery Capacity 8.3.1.2.4. By Battery Type 8.3.1.3. Policy and Regulatory Landscape 8.3.1.3.1. Government Incentives and Subsidies 8.3.1.3.2. Road and Infrastructure Related Regulations 8.3.1.3.3. Other Electric Two - Wheeler Related Regulations

10 Table of Contents S. No. Contents Page No. 8.3.2. Germany Electric Two - Wheeler Market Outlook 8.3.2.1. Market Size & Forecast 8.3.2.1.1. By Value & Volume 8.3.2.2. Market Share & Forecast 8.3.2.2.1. By Vehicle Type 8.3.2.2.2. By Range 8.3.2.2.3. By Battery Capacity 8.3.2.2.4. By Battery Type 8.3.2.3. Policy and Regulatory Landscape 8.3.2.3.1. Government Incentives and Subsidies 8.3.2.3.2. Road and Infrastructure Related Regulations 8.3.2.3.3. Other Electric Two - Wheeler Related Regulations 8.3.3. United Kingdom Electric Two - Wheeler Market Outlook 8.3.3.1. Market Size & Forecast 8.3.3.1.1. By Value & Volume 8.3.3.2. Market Share & Forecast 8.3.3.2.1. By Vehicle Type 8.3.3.2.2. By Range 8.3.3.2.3. By Battery Capacity 8.3.3.2.4. By Battery Type 8.3.3.3. Policy and Regulatory Landscape 8.3.3.3.1. Government Incentives and Subsidies 8.3.3.3.2. Road and Infrastructure Related Regulations 8.3.3.3.3. Other Electric Two - Wheeler Related Regulations

11 Table of Contents S. No. Contents Page No. 8.3.4. Italy Electric Two - Wheeler Market Outlook 8.3.4.1. Market Size & Forecast 8.3.4.1.1. By Value & Volume 8.3.4.2. Market Share & Forecast 8.3.4.2.1. By Vehicle Type 8.3.4.2.2. By Range 8.3.4.2.3. By Battery Capacity 8.3.4.2.4. By Battery Type 8.3.4.3. Policy and Regulatory Landscape 8.3.4.3.1. Government Incentives and Subsidies 8.3.4.3.2. Road and Infrastructure Related Regulations 8.3.4.3.3. Other Electric Two - Wheeler Related Regulations 8.3.5. Spain Electric Two - Wheeler Market Outlook 8.3.5.1. Market Size & Forecast 8.3.5.1.1. By Value & Volume 8.3.5.2. Market Share & Forecast 8.3.5.2.1. By Vehicle Type 8.3.5.2.2. By Range 8.3.5.2.3. By Battery Capacity 8.3.5.2.4. By Battery Type 8.3.5.3. Policy and Regulatory Landscape 8.3.5.3.1. Government Incentives and Subsidies 8.3.5.3.2. Road and Infrastructure Related Regulations 8.3.5.3.3. Other Electric Two - Wheeler Related Regulations

12 Table of Contents S. No. Contents Page No. 9. Americas Electric Two - Wheeler Market Outlook 9.1. Market Size & Forecast 9.1.1. By Value & Volume 9.2. Market Share & Forecast 9.2.1. By Vehicle Type 9.2.2. By Range 9.2.3. By Battery Capacity 9.2.4. By Battery Type 9.2.5. By Country 9.3. Americas: Country Analysis 9.3.1. United States Electric Two - Wheeler Market Outlook 9.3.1.1. Market Size & Forecast 9.3.1.1.1. By Value & Volume 9.3.1.2. Market Share & Forecast 9.3.1.2.1. By Vehicle Type 9.3.1.2.2. By Range 9.3.1.2.3. By Battery Capacity 9.3.1.2.4. By Battery Type 9.3.1.3. Policy and Regulatory Landscape 9.3.1.3.1. Government Incentives and Subsidies 9.3.1.3.2. Road and Infrastructure Related Regulations 9.3.1.3.3. Other Electric Two - Wheeler Related Regulations

13 Table of Contents S. No. Contents Page No. 9.3.2. Canada Electric Two - Wheeler Market Outlook 9.3.2.1. Market Size & Forecast 9.3.2.1.1. By Value & Volume 9.3.2.2. Market Share & Forecast 9.3.2.2.1. By Vehicle Type 9.3.2.2.2. By Range 9.3.2.2.3. By Battery Capacity 9.3.2.2.4. By Battery Type 9.3.2.3. Policy and Regulatory Landscape 9.3.2.3.1. Government Incentives and Subsidies 9.3.2.3.2. Road and Infrastructure Related Regulations 9.3.2.3.3. Other Electric Two - Wheeler Related Regulations 9.3.3. Mexico Electric Two - Wheeler Market Outlook 9.3.3.1. Market Size & Forecast 9.3.3.1.1. By Value & Volume 9.3.3.2. Market Share & Forecast 9.3.3.2.1. By Vehicle Type 9.3.3.2.2. By Range 9.3.3.2.3. By Battery Capacity 9.3.3.2.4. By Battery Type 9.3.3.3. Policy and Regulatory Landscape 9.3.3.3.1. Government Incentives and Subsidies 9.3.3.3.2. Road and Infrastructure Related Regulations 9.3.3.3.3. Other Electric Two - Wheeler Related Regulations

14 Table of Contents S. No. Contents Page No. 9.3.4. Brazil Electric Two - Wheeler Market Outlook 9.3.4.1. Market Size & Forecast 9.3.4.1.1. By Value & Volume 9.3.4.2. Market Share & Forecast 9.3.4.2.1. By Vehicle Type 9.3.4.2.2. By Range 9.3.4.2.3. By Battery Capacity 9.3.4.2.4. By Battery Type 9.3.4.3. Policy and Regulatory Landscape 9.3.4.3.1. Government Incentives and Subsidies 9.3.4.3.2. Road and Infrastructure Related Regulations 9.3.4.3.3. Other Electric Two - Wheeler Related Regulations 10. Middle East & Africa Electric Two - Wheeler Market Outlook 10.1. Market Size & Forecast 10.1.1. By Value & Volume 10.2. Market Share & Forecast 10.2.1. By Vehicle Type 10.2.2. By Range 10.2.3. By Battery Capacity 10.2.4. By Battery Type 10.2.5. By Country 10.3. Middle East & Africa: Country Analysis

15 Table of Contents S. No. Contents Page No. 10.3.1. South Africa Electric Two - Wheeler Market Outlook 10.3.1.1. Market Size & Forecast 10.3.1.1.1 By Value & Volume 10.3.1.2. Market Share & Forecast 10.3.1.2.1. By Vehicle Type 10.3.1.2.2. By Range 10.3.1.2.3. By Battery Capacity 10.3.1.2.4. By Battery Type 10.3.1.3. Policy and Regulatory Landscape 10.3.1.3.1. Government Incentives and Subsidies 10.3.1.3.2. Road and Infrastructure Related Regulations 10.3.1.3.3. Other Electric Two - Wheeler Related Regulations 10.3.2. Saudi Arabia Electric Two - Wheeler Market Outlook 10.3.2.1. Market Size & Forecast 10.3.2.1.1 By Value & Volume 10.3.2.2. Market Share & Forecast 10.3.2.2.1. By Vehicle Type 10.3.2.2.2. By Range 10.3.2.2.3. By Battery Capacity 10.3.2.2.4. By Battery Type 10.3.2.3. Policy and Regulatory Landscape 10.3.2.3.1. Government Incentives and Subsidies 10.3.2.3.2. Road and Infrastructure Related Regulations 10.3.2.3.3. Other Electric Two - Wheeler Related Regulations

16 Table of Contents S. No. Contents Page No. 10.3.3. UAE Electric Two - Wheeler Market Outlook 10.3.3.1. Market Size & Forecast 10.3.3.1.1 By Value & Volume 10.3.3.2. Market Share & Forecast 10.3.3.2.1. By Vehicle Type 10.3.3.2.2. By Range 10.3.3.2.3. By Battery Capacity 10.3.3.2.4. By Battery Type 10.3.3.3. Policy and Regulatory Landscape 10.3.3.3.1. Government Incentives and Subsidies 10.3.3.3.2. Road and Infrastructure Related Regulations 10.3.3.3.3. Other Electric Two - Wheeler Related Regulations 10.3.4. Egypt Electric Two - Wheeler Market Outlook 10.3.4.1. Market Size & Forecast 10.3.4.1.1 By Value & Volume 10.3.4.2. Market Share & Forecast 10.3.4.2.1. By Vehicle Type 10.3.4.2.2. By Range 10.3.4.2.3. By Battery Capacity 10.3.4.2.4. By Battery Type 10.3.4.3. Policy and Regulatory Landscape 10.3.4.3.1. Government Incentives and Subsidies 10.3.4.3.2. Road and Infrastructure Related Regulations 10.3.4.3.3. Other Electric Two - Wheeler Related Regulations

17 Table of Contents S. No. Contents Page No. 10.3.5. Turkey Electric Two - Wheeler Market Outlook 10.3.5.1. Market Size & Forecast 10.3.5.1.1 By Value & Volume 10.3.5.2. Market Share & Forecast 10.3.5.2.1. By Vehicle Type 10.3.5.2.2. By Range 10.3.5.2.3. By Battery Capacity 10.3.5.2.4. By Battery Type 10.3.5.3. Policy and Regulatory Landscape 10.3.5.3.1. Government Incentives and Subsidies 10.3.5.3.2. Road and Infrastructure Related Regulations 10.3.5.3.3. Other Electric Two - Wheeler Related Regulations 10.3.6. Iran Electric Two - Wheeler Market Outlook 10.3.6.1. Market Size & Forecast 10.3.6.1.1 By Value & Volume 10.3.6.2. Market Share & Forecast 10.3.6.2.1. By Vehicle Type 10.3.6.2.2. By Range 10.3.6.2.3. By Battery Capacity 10.3.6.2.4. By Battery Type 10.3.6.3. Policy and Regulatory Landscape 10.3.6.3.1. Government Incentives and Subsidies 10.3.6.3.2. Road and Infrastructure Related Regulations 10.3.6.3.3. Other Electric Two - Wheeler Related Regulations

18 Table of Contents S. No. Contents Page No. 11. Market Dynamics 11.1. Drivers 11.2. Challenges 12. Market Trends & Developments 13. Competitive Landscape 13.1. Competitive Outlook 13.2. Company Profiles (Leading Companies) 13.2.1. Company Details 13.2.2. Product Types & Elevator Types 13.2.3. Financials (As Reported) 13.2.4. Key Market Focus & Geographical Presence 13.2.5. Recent Developments 13.2.6. Key Management Personnel 14. Strategic Recommendations 15. About Us & Disclaimer

RESEARCH METHODOLOGY

20 Research Methodology ✓ Identifying Key Opinion Leaders ✓ Questionnaire Design ✓ In - depth Interviews Data Collection Developing list of respondents Formulating Questionnaire Market Profiling Data Validation Data Analysis In - depth secondary research was conducted to determine top players in the Global electric two - wheeler market, overall market size and segmental market size. In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. List of industry players and industry specialists was developed. TechSci conducted interviews with industry experts and industry players for data collection and verification. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. The data was scrutinized using MS - Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about the Global electric two - wheeler market Data Collection Data Filter & Analysis Research & Intelligence Actionable Insights Business Solution Primary Research Desk Research Company Analysis ✓ Recent Developments ✓ Market Changing Aspects/Dynamics ✓ Government Policies ✓ Final Conclusion ✓ Market Participants ✓ Key Strengths ✓ LinkedIn ✓ TechSci Internal Database ✓ Factiva ✓ Hoovers Paid Sources ✓ Company Websites ✓ Company Annual Reports ✓ White Paper Study ✓ Financial Reports ✓ Investor Presentations ✓ Regulatory Body ✓ Associations, etc. Secondary Research Primary Research

21 Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of global electric two - wheeler market . The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as growing fuel prices and surging initiatives of the government to escalate the acceptance of emission - free vehicles, including two - wheelers . The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in global electric two - wheeler market . Methodology Followed for Calculation of Market Size : • Market Size by Value & Volume : Market size, in terms of value & volume, for the year 2021 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as electric two - wheeler companies , channel partners, market influencers & end users, industry experts, and other industry participants . • The team interviewed more than 15 – 20 electric two - wheeler companies , 45 – 50 channel partners, 80 – 100 end users, and 15 – 20 industry experts and other value chain stakeholders in the global electric two - wheeler market to obtain the overall market size from 2017 - 2021 , which was validated by the Delphi technique . Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data from 2017 to 2021 .

22 Research Methodology • Respondents were asked about the current and future market growth rates, market shares by vehicle type, by range, by battery capacity, by battery type, by company and by region . Removing the outlier responses, the geometric mean of growth estimates and supplier wise revenue shares generated across various segments were considered, to arrive at the final revenue shares . Revenue shares generated across various segments were further triangulated from other stakeholders depending upon the end users o f electric two - wheeler . Methodology Followed for Calculation of Market Shares : • Market shares by vehicle type, by range, by battery capacity, by battery type, by company and by region were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various end users of electric two - wheeler . The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers . Methodology Followed for Forecasting : • TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in SPSS/Tableau Software . • Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market . To forecast global electric two - wheeler market, TechSci Research used various forecast techniques such as : ✓ Moving Average ✓ Time Series Analysis ✓ Regression Analysis ✓ Econometric and Judgmental Analysis

23 Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions . TechSci Research also used the impact analysis during short - , medium - and long - term period to estimate the demand and to reach accurate market numbers . It should be noted that the figures compiled are only for the organized market including market share data . The currency used in the report is the United States Dollar (USD), with the market size indicated in USD million . Partial List of Companies Interviewed Key Secondary Sources ▪ Niu International ▪ Yadea Technology Group Co.,Ltd . ▪ Jiangsu Xinri E - Vehicle Co.,Ltd . ▪ Viar Motor Indonesia ▪ Zero Motorcycles, Inc. ▪ Honda Motor Company Ltd. ▪ Deco Green Energy CO. LTD. ▪ Hero Electric Vehicles Pvt. Ltd. ▪ Okinawa Autotech Pvt. Ltd. ▪ Ampere Vehicles Private Limited ▪ World Bank ▪ TechSci Research Proprietary Database & Knowledge Repository ▪ Company Annual Reports ▪ Industry Magazines ▪ Industry Reports ▪ News Dailies ▪ Credible Paid Databases

24 © TechSci Research Industry Brief According to TechSci Research report, “ Electric Two - Wheeler Market - Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2016 - 2026 ”, the global electric two - wheeler market stood at USD 10 , 629 . 17 million in 2020 and is expected to grow at a steady CAGR of 14 . 08 % during the forecast period to reach USD 26 , 476 . 81 million in 2026 on account of rising demand for emission - free two - wheelers and increasing environmental concerns . Electric two - wheelers, classified into motorcycles and scooters, are plug - in electric vehicles equipped with no more than two wheels . An electric two - wheeler's propulsion and the accessory system are powered exclusively by a zero - emissions electricity source . The power unit that propels the electric two - wheeler runs on electricity stored onboard in a rechargeable battery . The growing number of market participants will also contribute significantly to the global electric two - wheeler industry's growth over the next five years . The growth in ongoing research and development to develop more efficient electric two - wheelers having less charging time and more range, increasing environmental concerns, growing health concerns, growing electric two - wheeler manufacturing, rising demand for emission - free two - wheelers, lower running and maintenance cost coupled with growing government support for electric vehicles are expected to driving the market in the next five years, boosting the electric two - wheeler industry worldwide . Aside from that, the high cost of replacing a battery, scarcity of skilled mechanics, kilometers range, lack of electric two - wheeler charging infrastructure and lack of awareness are some of the primary challenges limiting the market's growth . The global electric two - wheeler market is segmented based on vehicle type, range, battery capacity, battery type, region, and competitional landscape . Based on vehicle type, the market is further fragmented into Scooter/Mopeds and Motorcycle, with Scooter/Mopeds holding the dominating market share of 89 . 66 % in 2020 . The significant market share of Scooter/Mopeds can be attributed to the reasons such as lightweight, lower prices, less charging time, good maneuverability, etc . Owing to growing research and development in electric motorcycles, the motorcycle segment is anticipated to be the fastest - growing segment in the forecast years . Based on range, the market is further fragmented into Less than 50 Km, 50 - 100 Km, 101 - 150 Km, Above 150 Km . The majority of the electric two - wheelers sold in the year 2020 had the range of 50 - 100 Km, which was then followed by 101 - 500 Km . The past five years have witnessed enormous growth in electric two - wheelers having a range above 150 Km, owing to which electric two - wheelers having a range above 150 Km are anticipated to be the fastest - growing segment in the next five years . Based on battery capacity, the market is bifurcated into > 25 Ah and < 25 Ah . Most of the electric two - wheelers sold in the year 2020 had battery capacity < 25 Ah . As the capacity of a battery is designed on the basis of various factors such as the time, it will take to charge the battery, battery weight, battery size, research and development . The majority of electric two - wheeler manufacturers are producing electric motorcycles having battery capacity < 25 Ah, as a result, < 25 Ah is holding the commanding share of 83 . 83 % in 2020 in the global electric two - wheeler market . Based on battery type, the market is further bifurcated into Lead Acid and Li - ion . The market of Lead - acid batteries is mature owing to its long - standing history and most nubile technology . Lead - acid batteries are low - cost batteries that are created by placing negative lead and positive lead dioxide electrodes into the sulfuric acid electrolyte . The lead acid - based batteries have significant applications in sustainable markets such as hybrid electric vehicles (HEV), start - stop automotive systems and grid - scale energy storage applications . Owing to its lower cost and most mature technology Lead Acid is holding the dominating market share of 84 . 87 % in 2020 in the global electric two - wheeler market and the trend is expected to continue in the forthcoming years as well . Based on region, the market is further fragmented into APAC, Europe, Americas, Rest of the World . The global electric two - wheeler market is majorly dominated by the APAC region . Due to China, the region accounted for the highest sales of electric two - wheelers in the world in 2020 , registering a market share of over 95 % . The trend is expected to continue in the forthcoming years . APAC region is home to some of the largest electric two - wheeler manufacturers in the world . Furthermore, the region leads over the other regions in terms of population density, industries, universities, airports, ports, etc . Moreover, as masses in the region prefer traveling by two - wheelers, electric two - wheelers have gained steep market penetration in the past five years . The trend is anticipated to continue in the forthcoming years . Key market players in the electric two - wheeler market include : Niu International, Yadea Technology Group Co . ,Ltd . , Jiangsu Xinri E - Vehicle Co . ,Ltd . , Viar Motor Indonesia, Zero Motorcycles, Inc . , Honda Motor Company Ltd . , Deco Green Energy CO . LTD , Hero Electric Vehicles Pvt . Ltd . , Okinawa Autotech Pvt . Ltd . , Ampere Vehicles Private Limited Global electric two - wheeler market is fragmented with a lot of well - established players having presence in several countries . Niu International, Yadea Technology Group Co . ,Ltd . , Jiangsu Xinri E - Vehicle Co . ,Ltd , Viar Motor Indonesia, Zero Motorcycles, Inc . , Honda Motor Company, Ltd, Deco Green Energy CO . , LTD . , Hero Electric Vehicles Pvt . Ltd . , Okinawa Autotech Pvt . Ltd . , Ampere Vehicles Private Limited have dominating presence in global electric two - wheeler market . “APAC holds the largest revenue shares of 97 . 52 % in the market and is anticipated to be leading region in the upcoming market on the account of availability of well - established electric two - wheeler industry . Furthermore, the market's growth is being aided by the quick increase in research and development in the field, as well as the increasing environment concerns . New market players are advised to invest and focus on the research and development of the electric two - wheelers and services for the brand establishment . Collaborations and regulated deals with the established market players would help the prospects of the new market player,” said Mr . Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm .

25 © TechSci Research Sample Data - Snapshot Global Electric Two - Wheeler Market Size, By Value (USD Million) & By Volume (Thousand Units), 2017 – 2027F 5.00 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00 10.00 20.00 30.00 40.00 50.00 60.00 70.00 80.00 90.00 100.00 110.00 2017 2021 2022E 2027F By Value (USD Million) By Volume ( Million Units) CAGR By Value & Volume XX% CAGR By Value & Volume YY% Global Electric Two - Wheeler Market Share, By Vehicle Type, By Volume , 2017 – 2027F 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% Scoote r/Mop ed Motor cycle Americas Electric Two - Wheeler Market Share, By Battery Capacity, By Volume , 2017 – 2027F 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% <25Ah >25Ah United States Electric Two - Wheeler Market Share, By Range, By Volume , 2017 – 2027F 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 2017 2018 2019 2020 2021 2022E 2023F 2024F 2025F 2026F 2027F Less than 50Km 50-100Km 101-150Km Above 150Km

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