Electric two-wheel vehicles, also known as two-wheel
electric vehicles, are a type of two-wheel vehicle powered by electricity. With
the advancement of technology and the popularization of environmental
protection concepts, the electric two-wheel vehicle market continues to grow
globally.
Segmented Market Analysis
From the perspective of product types, electric two-wheel
vehicles can be divided into types such as 12V, 24V, 36V, 48V, etc. based on
the different output voltages of the batteries. Among them, 48V electric two-wheel
vehicles occupy the largest market share. According to our data, the global 48V
electric two-wheel vehicle segment market size in 2023 was $6498 million, with
a market share of 38.42%.
From the perspective of downstream applications,
the application of electric two-wheel vehicles mainly involves aspects such as
racing and daily commuting. Among them, daily commuting dominates.
Global Electric Two-wheel Vehicle Market Size and Share by Type and
Application in 2023
|
|
Market Size (Million USD)
|
Share
|
|
Segmented by Type
|
|
24V
|
1717
|
10.15%
|
|
36V
|
3114
|
18.41%
|
|
48V
|
6498
|
38.42%
|
|
Others（12V, 60V, 72V）
|
5585
|
33.02%
|
|
Segmented by Application
|
|
Racing
|
1111
|
6.57%
|
|
Daily Commuting
|
14399
|
85.14%
|
|
Others
|
1402
|
8.29%
|
Source: www.globalmarketmonitor.com
Overview of Market Development and Analysis of Market Competition Pattern
Benefiting from the increasing demand for environmental protection, consumer demand for convenient transportation, and continuous advancements in related technologies, the global electric two-wheel vehicle market has steadily grown in recent years. Data shows that in 2023, the global electric two-wheel vehicle market size was $16.91 billion, and it is expected to increase to 19.54 billion US dollars by 2025.
From the perspective of market competition, the concentration of the global electric two-wheel vehicle market was relatively low. According to our data, the total output value of electric two-wheel vehicles by the top 3 companies in the industry was 3791 million in 2022, with a total share of less than 30%. The top 3 companies were Yadea Technology. Group Co., Ltd., Zhejiang Luyuan Electric Vehicle, and AIMA Technology Co., Ltd. In 2022, these three companies accounted for 9.93%, 9.21%, and 9.01% of the global market for electric two-wheel vehicles, respectively.
Global Electric Two-wheel Vehicle Market Size and Competition Pattern Analysis
Source: www.globalmarketmonitor.com
Market Development Trend Analysis
Technological innovation: With the continuous progress of battery technology, the range of electric two-wheel vehicles will further increase, charging time will be shortened, and performance will be improved. In addition, intelligent electric two-wheel vehicles will increasingly appear in the market, equipped with advanced sensors and AI technology to provide a better driving experience and safety.
Market Expansion: With the increasing demand from consumers for environmentally friendly travel and more cities implementing restrictive policies on electric two-wheelers, the market size of electric two-wheelers is expected to continue to expand. Especially in the Asian and European markets, the demand for electric two wheelers will continue to grow.
Brand competition: With the continuous expansion of the market, we expect more brands to join this market. From the current perspective, brands from China, the United States, and Europe have already occupied a place in the global market. In the future, we expect this market competition to become even more intense.
Policy impact: The policies of governments around the world on environmentally friendly travel and urban transportation will directly affect the development of the electric two-wheel vehicle market. For example, some countries have implemented car purchase subsidies and tax exemption policies to encourage consumers to purchase electric two-wheelers. In addition, some cities have also implemented restrictions on traditional fuel-powered motorcycles, further driving the demand for electric two-wheel vehicles.
Industry chain improvement: With the expansion of the market and the development of technology, we expect the industry chain of electric two-wheel vehicles to be further improved. This includes processes such as battery production, vehicle manufacturing, and charging facility construction. This will provide strong support for market growth.
Chinese