Global electric two wheel (E2W) vehicles market was valued at USD 51.22 billion in 2020 and is anticipated to record notable growth during 2021-2026.

Industry Snapshot:

• Rising environmental concerns, government initiatives for zero emission, and increasing demand for e-motorcycles & e-scooters are the major growth catalysts.
• Growing efforts by companies to improve the infrastructure for electric vehicles, including charging stations is facilitating the industry outlook.
• Increased government spending, strict carbon emission restrictions, and investments by prominent original equipment manufacturers (OEMs) are expected to augment worldwide electric two wheel vehicles market expansion during 2021-2026.
• Insufficient charging infrastructure is posing as a major threat to the development of the industry space.

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Segmental Overview:

Product Type	E-Scooters
	E-Motorcycles
	E-Bikes
Battery Type	Lithium-Ion Battery
	Lead Acid Battery
End-User	Personal Use
	Commercial Use
Regions	Americas
	Europe
	Latin America & Middle East Africa (LAMEA)
	Asia Pacific

 

Window to the Future:

• Asia Pacific industry is slated to grow significantly during the assessment period, with China being a prominent manufacturer of electric two wheelers.

Explainer:

The COVID-19 outbreak had a positive impact on worldwide electric two wheel vehicles market as it accelerated individual mobility solutions trend, which along with environmental cognizance is increasing the demand for electric powered two wheelers.

Notably, the electrification of the automotives may help to meet the stated objectives of decarbonizing the transportation system, which is likely to propel industry growth in the near future.

Speaking of competitive terrain, Robert Bosch GmbH, Niu Technologies, Yadea Group Holdings Ltd., Merida Industry Co., Ltd., Yamaha Motor Co., Ltd., Harley-Davidson, Inc., SONA BLW Precision Forgings Limited, Topkey Corporation, hGears AG, and PIERER Mobility AG are the leading players in global electric two wheel (E2W) vehicles industry.

Concluding Lines:

Market research offers essential and relevant information about the business environment for the purpose of assisting clients in designing effective strategies. MarketStudyReport has a 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)’ that includes all the necessary information, including growth drivers, difficulties, and impending prospects, to help a business garner massive returns, This study has been painstakingly created by doing both qualitative and quantitative research to offer a detailed outlook of the market situation to the reader.