Global Electric Two-wheelers(E2Ws) Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Type;
Electric Motorcycles, Electric Scooters, and Electric Bicycles.By vehicle type ;
Urban, Cruiser, Café Racer and Off-Road.By Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).Introduction
Global Electric Two-wheelers(E2Ws) Market (USD Million), 2021 - 2031
In the year 2024, the Global Electric Two-wheelers(E2Ws) Market was valued at USD 33862.71 million. The size of this market is expected to increase to USD 74859.66 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 12.0%.
The growth of the electric two-wheeler market. Consumers are increasingly turning to these eco-friendly alternatives as a means to mitigate escalating gasoline expenses, driving demand among individuals and businesses seeking cost-effective transportation solutions. Moreover, the market is witnessing significant expansion fueled by ongoing technological advancements. Manufacturers are continually innovating to enhance the performance, range, and features of electric scooters and motorcycles.
These advancements encompass improvements in battery technology, motor efficiency, connectivity features, and the integration of lightweight materials. Consequently, electric two-wheelers are becoming increasingly appealing to consumers, offering extended ranges, quicker charging times, and smart functionalities. This technological progress is not only driving the adoption of electric two-wheelers but also addressing the growing demand for cleaner and more efficient urban transportation solutions. As a result, the electric two-wheeler market is experiencing robust growth, positioned as a key player in the transition towards sustainable mobility.
Global Electric Two-wheelers(E2Ws) Market Recent Developments
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In October 2021, a next-generation electric two-wheeler with a modular battery system was introduced, offering urban commuters more convenience and flexibility while reducing environmental impact.
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In April 2023, a cutting-edge electric two-wheeler was launched, featuring a smart display, enhanced safety systems, and an extended battery range, catering to eco-conscious riders in cities.
Segment Analysis
The Global Electric Two-wheelers (E2Ws) Market is witnessing remarkable growth, fueled by the rising demand for electric motorcycles, electric scooters, and electric bicycles. Electric motorcycles are gaining popularity among commuters and enthusiasts alike, offering powerful performance and sleek designs while delivering a sustainable alternative to traditional gasoline-powered bikes. These vehicles cater to urban commuters and riders seeking efficient and eco-friendly transportation options, contributing to the market's expansion.
In parallel, electric scooters are emerging as convenient solutions for short-distance mobility in urban environments. Their compact size, agility, and zero emissions make them ideal for navigating congested city streets, attracting commuters, students, and delivery professionals alike. The affordability and ease of use associated with electric scooters further bolster their appeal, driving significant growth in the Global Electric Two-wheelers Market.
The segmentation by Type categorizes electric two-wheelers into distinct categories such as electric motorcycles, electric scooters, and electric bicycles, each catering to unique consumer preferences and usage scenarios. Electric motorcycles offer powerful performance and sleek designs, attracting enthusiasts and urban commuters seeking sustainable transportation solutions. Electric scooters, on the other hand, are compact and agile, making them ideal for short-distance mobility in urban areas. Electric bicycles provide pedal-assist or throttle-powered options, offering users added speed and range for commuting, leisure, and fitness activities.
Geographical segmentation divides the market into key regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Each region presents unique market dynamics influenced by factors such as regulatory environments, infrastructure development, consumer preferences, and economic conditions. By analyzing regional trends and opportunities, stakeholders can identify growth prospects and tailor their strategies to specific markets within the Global Electric Two-wheelers Market. This segmentation approach enables manufacturers, investors, and policymakers to make informed decisions and capitalize on emerging opportunities in the rapidly evolving electric two-wheeler industry.
Global Electric Two-wheelers(E2Ws) Segment Analysis
In this report, the Global Electric Two-wheelers(E2Ws) Market has been segmented by Type, vehicle type, and Geography.
Global Electric Two-wheelers(E2Ws) Market, Segmentation by Type
The Global Electric Two-wheelers(E2Ws) Market has been segmented by Type into Electric Motorcycles, Electric Scooters and Electric Bicycles.
Electric scooters, on the other hand, are compact and agile, making them ideal solutions for short-distance mobility in urban environments. With their zero emissions and ease of use, electric scooters are gaining popularity among commuters, students, and delivery professionals seeking convenient and environmentally friendly transportation options. Their affordability and versatility further contribute to their appeal, driving significant growth in the Global Electric Two-wheelers Market.
Additionally, electric bicycles offer pedal-assist or throttle-powered options, providing users with added speed and range for commuting, leisure, and fitness activities. These electric bicycles are experiencing a surge in demand as consumers increasingly prioritize greener and healthier transportation alternatives. With advancements in battery technology and motor performance, electric bicycles are becoming more accessible and versatile, catering to diverse consumer preferences and driving further growth in the Global Electric Two-wheelers Market.
Global Electric Two-wheelers(E2Ws) Market, Segmentation by vehicle type
The Global Electric Two-wheelers(E2Ws) Market has been segmented by vehicle type into Urban, Cruiser, Café Racer ,Off-road
In contrast, Cruiser electric two-wheelers are characterized by their comfort, style, and long-distance capabilities, appealing to riders seeking leisurely rides and extended journeys. These vehicles offer a blend of performance and aesthetics, designed to provide a relaxed and enjoyable riding experience on highways and open roads. The Cruiser segment caters to riders looking for both style and substance, offering a balance of comfort, power, and iconic design elements.
Moreover, the Café Racer segment comprises electric two-wheelers inspired by the classic café racer motorcycles of the past, known for their minimalist design, retro styling, and spirited performance. These vehicles are favored by riders who appreciate vintage aesthetics and spirited riding experiences, combining timeless design with modern electric technology. Finally, the Off-road segment includes electric two-wheelers designed for rugged terrain and adventurous riding experiences. These vehicles are equipped with robust suspension systems, knobby tires, and durable construction, enabling riders to explore off-road trails, dirt tracks, and rugged terrain with confidence and excitement.
Global Electric Two-wheelers(E2Ws) Market, Segmentation by Geography
In this report, the Global Electric Two-wheelers(E2Ws) Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Electric Two-wheelers(E2Ws) Market Share (%), by Geographical Region, 2024
North America and Europe, characterized by stringent emissions regulations and a growing emphasis on sustainability, are leading the adoption of electric two-wheelers. These regions boast well-established infrastructure for electric mobility, including charging networks and supportive government policies, fostering market growth and innovation. Additionally, consumers in these regions exhibit a strong interest in eco-friendly transportation solutions, further driving the demand for electric two-wheelers.
In contrast, the Asia Pacific region dominates the Global Electric Two-wheelers Market, fueled by rapid urbanization, increasing population density, and government initiatives promoting clean transportation solutions. Countries like China, India, and Japan are driving market expansion with significant investments in electric mobility infrastructure and manufacturing capabilities. Similarly, the Middle East and Africa, along with Latin America, are emerging markets for electric two-wheelers, spurred by growing urbanization, rising environmental awareness, and investments in sustainable transportation initiatives. As economies in these regions continue to develop and adopt cleaner transportation solutions, the market for electric two-wheelers is expected to witness significant growth.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Electric Two-wheelers(E2Ws) Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers :
- Rising Fuel Prices
- Environmental Concerns
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Environmental Concerns - The Global Electric Two-wheelers (E2Ws) Market is experiencing a surge in demand driven by growing environmental concerns worldwide. As awareness of climate change and pollution continues to rise, consumers are increasingly seeking eco-friendly transportation alternatives to reduce their carbon footprint. Electric two-wheelers offer a sustainable solution, emitting zero tailpipe emissions during operation and significantly reducing greenhouse gas emissions compared to traditional gasoline-powered vehicles. This eco-friendly attribute aligns with global efforts to mitigate air pollution, combat climate change, and promote sustainable urban mobility.
Furthermore, the adoption of electric two-wheelers is bolstered by regulatory initiatives aimed at curbing emissions and promoting clean transportation. Governments and regulatory bodies worldwide are implementing stringent emission standards and offering incentives to encourage the adoption of electric vehicles, including subsidies, tax credits, and rebates. These policies not only incentivize consumers to switch to electric two-wheelers but also drive investment in infrastructure development, such as charging stations and battery recycling facilities. Overall, the Global Electric Two-wheelers Market plays a crucial role in addressing environmental concerns and advancing the transition towards cleaner and more sustainable transportation solutions.
Restraints :
- Higher upfront cost
- Limited Charging Infrastructure
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Range Anxiety - Range anxiety remains a notable concern in the Global Electric Two-wheelers (E2Ws) Market, affecting consumer adoption and market growth. Range anxiety refers to the fear or uncertainty experienced by electric vehicle users about running out of battery charge before reaching their destination, particularly in the absence of accessible charging infrastructure. This apprehension can hinder the widespread adoption of electric two-wheelers, as potential buyers may hesitate to invest in vehicles with limited range capabilities.
To address range anxiety and promote market growth, stakeholders in the electric two-wheeler industry are actively working to improve battery technology and charging infrastructure. Advancements in battery efficiency and energy density are extending the range of electric two-wheelers, providing users with greater confidence in their ability to complete their journeys without running out of charge. Additionally, the expansion of charging infrastructure, including public charging stations and fast-charging networks, is essential for alleviating range anxiety and enhancing the practicality and convenience of electric two-wheelers. By addressing range anxiety through technological innovation and infrastructure development, the Global Electric Two-wheelers Market can overcome this barrier to adoption and unlock its full potential for sustainable urban mobility.
Opportunities :
- Technological advancements
- Focus on affordability
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Expansion of charging infrastructure - The expansion of charging infrastructure is pivotal for the continued growth and adoption of electric two-wheelers (E2Ws) globally. As these vehicles become increasingly popular, the availability of reliable and accessible charging stations becomes essential to support their widespread use. Expanding the charging infrastructure network involves establishing a comprehensive network of charging stations in urban and rural areas, along major transportation routes, and in key commercial and residential areas.
This infrastructure expansion aims to address range anxiety among electric two-wheeler users, providing them with convenient charging options to ensure uninterrupted mobility. Moreover, expanding the charging infrastructure presents economic opportunities and benefits for various stakeholders. It stimulates investment in clean energy technologies, creates jobs in manufacturing, installation, and maintenance of charging stations, and fosters innovation in energy storage and distribution. Additionally, a robust charging infrastructure network enhances energy security, reduces greenhouse gas emissions, and promotes sustainable urban development. By investing in the expansion of charging infrastructure, governments, businesses, and communities can accelerate the transition to electric mobility and unlock the full potential of the Global Electric Two-wheelers (E2Ws) Market.
Competitive Landscape Analysis
Key players in Global Electric Two-wheelers(E2Ws) Market include
- Jiangsu Xinri E-Vehicle
- Yadea Technology Group
- Zhejiang Luyuan Electric Vehicle
- Bodo Electric Vehicle Group
- Changzhou Hongdu Electric Bicycle
- China Xingyue Group
- EZee Kinetics Technology
- Giant Manufacturing
- Guangzhou Camqi Electric Vehicle
- Jiangsu Aima Manufacturing & Technology
- Qingdao Aucma Electric Vehicle
- Shandong Incalcu Electric Vehicle
- SYM Sanyang Industry
- Tianjin Cosbike Electric Bicycle
- Tianjin Fushida Electric Bicycle
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By vehicle type
- Market Snapshot, By Region
- Global Electric Two-wheelers(E2Ws) Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Rising Fuel Prices
- Environmental Concerns
- Environmental Concerns
- Restraints
- Higher upfront cost
- Limited Charging Infrastructure
- Range Anxiety
- Opportunities
- Technological advancements
- Focus on affordability
- Expansion of charging infrastructure
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
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Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Electric Two-wheelers(E2Ws) Market, By Type, 2021 - 2031 (USD Million)
- Electric Motorcycles
- Electric Scooters
- Electric Bicycles
- Global Electric Two-wheelers(E2Ws) Market, By vehicle type , 2021 - 2031 (USD Million)
- Urban
- Cruiser
- Café Racer
- Off-road
- Global Electric Two-wheelers(E2Ws) Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Electric Two-wheelers(E2Ws) Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Jiangsu Xinri E-Vehicle
- Yadea Technology Group
- Zhejiang Luyuan Electric Vehicle
- Bodo Electric Vehicle Group
- Changzhou Hongdu Electric Bicycle
- China Xingyue Group
- EZee Kinetics Technology
- Giant Manufacturing
- Guangzhou Camqi Electric Vehicle
- Jiangsu Aima Manufacturing & Technology
- Qingdao Aucma Electric Vehicle
- Shandong Incalcu Electric Vehicle
- SYM Sanyang Industry
- Tianjin Cosbike Electric Bicycle
- Tianjin Fushida Electric Bicycle
- Company Profiles
- Analyst Views
- Future Outlook of the Market