(EMAILWIRE.COM, November 15, 2018 ) The global electric two-wheeler market is anticipated to grow at a CAGR of 7.5% during the forecast period according to a new report by Polaris Market Research. Electric two-wheelers include electric bicycles, electric scooters, electric motorcycles, and others, which are powered through an electric power source. Electric two-wheelers are lightweight, compact, easy to handle, and highly fuel efficient. A small engineering company based in Austria, Johammer, has developed a futuristic electric cruiser, Johammer J1. This bike is equipped with a 2.4-inch digital display attached to its rear-view mirrors, which displays speed, revs, and warnings. It offers a top speed of 75 mph with acceleration of 62 mph in 8 seconds. The bike is designed with motor and controller integrated into the rear wheel to enhance shock absorbance.
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The demand for electric two-wheelers has increased over the years owing to depletion of traditional fuel sources and growing environmental concerns. The growing awareness regarding environmental pollution caused by vehicles run on traditional fuels, and development of public charging infrastructure has increased the adoption of electric two-wheelers. Governments are introducing stringent regulations regarding vehicular emissions, supporting the market growth. Governments across the world have introduced several laws and regulations to monitor vehicular emission. These regulations have mandated two-wheeler manufacturers to use advanced technologies to combat high emission levels in vehicles.
Major Key Player: –
Zhejiang Luyuan Electric Vehicle
Yadea Technology Group
Zero Motorcycles
Energica Motor company
Sanyang Industry
Alta Motors
Guangzhou Camqi Electric Vehicle
Yobykes
Ampere Vehicles
Jiangsu Xinri E-Vehicle Co. Ltd.
The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Electric Two-Wheeler Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC and South America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
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Asia-Pacific generated the highest revenue in 2017 owing to increasing awareness regarding environment, and growing vehicular population in this region. The increasing resource depletion, and development of public charging infrastructure have resulted in increasing adoption of electric two-wheelers in the region.
Competitive Landscape
The global electric Two-Wheeler market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.
Market Segment Outlook
Type
Electric Scooters
Electric Motorcycles
Others
Battery Capacity
24V
36V
48V
>48V
Battery Type
Lead-acid
Li-ion
Others
Technology
Plugin
Battery-Based
Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Asia-Pacific
China
India
Japan
Latin America
Brazil
Middle East and Africa.
About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.
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Polaris Market Research
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Neel
+1-646-568-9980
neel@polarismarketresearch.com
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