Global Electric Two Wheel (E2W) Vehicles Market To Display Significant Expansion Through 2026

May 10, 2022

According to the research report titled ‘Global Electric Two Wheel (E2W) Vehicles Market - Analysis By Product Type (E-Bikes, E-Scooters, E-Motorcycles), Battery Type, End User Type, By Region, By Country (2021 Edition): Market Insights and Forecast with Impact of COVID-19 (2021-2026),’ available with MarketStudyReport, global electric two wheel (E2W) vehicles market generated USD 51.22 billion in revenue in 2020 and is slated to display significant expansion during 2021-2026.

Surging environmental concerns resulting in government initiatives toward zero-emission laws, rising demand for e-scooters and e-motorcycles, and massive investments employed by prominent original equipment manufacturers (OEMs) are factors propelling the expansion of global electric two wheel (E2W) vehicles industry.

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Moreover, increasing efforts by leading players to enhance the charging point stations, coupled with soaring expenditure by government to facilitate the infrastructure are boosting the development of the business sphere.

During the COVID-19 pandemic, a change in trend was observed among the people towards individual mobility which increased the demand for two wheelers, thus adding to the industry value. 

As pe the report, global electric two wheel (E2W) vehicles market witnessed a significant growth due to a behavioral transition in vehicle owners who switched or were willing to switch to electric vehicles due to rising environmental concerns. 

With the ease in restrictions and the sudden boom of product demand, the market is expected to pick up pace in the coming years.

Speaking of geographical terrain, Asia Pacific market is poised to retain a substantial revenue share during the assessment timeframe. 

The key companies in worldwide electric two wheel (E2W) vehicles market include Robert Bosch GmbH, Pierer Mobility AG, NIU Technologies, hGears AG, Yadea Group Holdings Ltd., Topkey Corporation, Merida Industry Co. Ltd., Sona BLW Precision Forgings Ltd., Yamaha Motor Co. Ltd., and Harley-Davidson Inc. among others. 

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