Global Electric Two-wheeler (E2W) Market Analysis and Growth Opportunities

Global Electric Two-wheeler (E2W) Market Analysis and Growth Opportunities

Government Policies and Advancements in Battery and Connectivity Drive a 23.3% Sales CAGR from 2022 to 2030

RELEASE DATE
25-Jul-2023
REGION
North America
Research Code: PE80-01-00-00-00
SKU: TEMP_2023_24
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Description

An increasing number of E2W start-ups are in the market, especially those importing cheap components and selling low-quality vehicles. Most traditional internal combustion engine (ICE) two-wheeler (2W) original equipment manufacturers (OEMs) have yet to enter the E2W market. With E2W technology nascent and dominated by start-ups, it attracts entities from other industries to enter the market.

Since E2Ws have 50% fewer components—mainly controlled by software—compared to ICE 2Ws, it requires fewer tools and lesser time to repair and maintain. E2W start-ups seek to reduce operation costs and scale faster to avoid a cash crunch and attract new investors. Companies in this market are also exploring new business models, such as direct-to-customer sales and services, to eliminate physical shops since they can perform E2W maintenance remotely and with doorstep repair service. Other aspects OEMs scrutinize to expand across regions faster with less investment include online sales, doorstep test rides, and distributor partnerships.

Countries in Asia and Latin America (LATAM) offer simplified import policies to promote E2W adoption. Governments should impose stricter import policies and homologation rules to set quality standards. Developing economies are creating favorable policies and regulations for players to encourage the building of an electric vehicle (EV) ecosystem. Leading E2W OEMs strive to strengthen the EV supply chain with governments to make the country an EV hub.

Frost & Sullivan studies the global E2W market in this report. The study period is 2018–2030, with 2022 as the base year and 2023–2030 as the forecast period. Regions covered include North America (United States and Canada), LATAM (Brazil and Colombia), Europe (United Kingdom, Italy, Spain, France, and Germany), and Asia (India, Indonesia, Thailand, Vietnam, China, Taiwan, and Japan). Other regions and countries, such as Africa and Mexico, are mentioned in specific slides to provide more broad coverage for particular topics.

Other vital information includes:
• Top 10 trends
• Segmentation by region and type (eMoped, eMotorcycle, eScooter)
• Leading OEMs
• Business models
• Components ecosystem

Notably, Frost & Sullivan offers stakeholders insights and growth opportunities they can explore and use to capture a share of the dynamic E2W space over the next seven years.

Table of Contents

Why Is It Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the E2W Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Global E2W Market Snapshot

Selected E2W Models and Their Motor Architecture

Comparative Analysis of the Top 3 Entry-level E2W OEMs

E2W Market Value Chain

Ecosystem Representation

E2W Growth and Penetration Analysis: Leading Countries

Leading Competitors by Segment

Scope of Analysis

E2W Segmentation and Definition

Segmentation by Region

Notable Global E2W OEMs

Growth Drivers

Growth Restraints

Forecast Assumptions

Forecasting Methodology

Unit Sales Forecast

Leading Competitors by Segment

E2W Market Value Chain

Unit Sales Comparison

Market Share by Country

Top 5 Countries with the Highest E2W Sales in 2022

E2W Growth and Penetration Analysis: Leading Countries

E2W Growth and Penetration Analysis: Leading Countries (continued)

Types of OEMs

The Top 3 Highest-selling E2W OEMs by Type

Selected E2W OEMs by Type and Region

Comparative Analysis of the Top 3 Entry-level E2W OEMs

Comparative Analysis of the Top 3 Mid-level E2W OEMs

Comparative Analysis of the Top 3 Premium-level E2W OEMs

E2W Sales and Service Business Models

Types of Business Entities Entering the E2W Market

Ecosystem Representation

Top 3 Highest-selling E2W OEMs: Selected Countries

E2W Start-ups Attracting Major Investments Globally

Major Investment Regions Over the Past 2 Years

Growth Opportunities by Region: Boosting Investments in E2W Start-ups

Trend 1: Embedded Telematics via an Embedded Subscriber Identity Module (eSIM)

Trend 2. Sensor-based ARAS to Feature Across E2W Segments

Trend 3. Touch Screen TFT Multifunction Infotainment System

Trend 4. Battery-swapping Technology

Trend 5. Solid-state Battery Technology

Trend 6. Subscription Purchase Models

Trend 7. 3D Printing

Trend 8. PBVs

Trend 9. Hydrogen Fuel Cell E2Ws

Trend 10. D2C Sales and Service

E2W Ecosystem

E2W Motor Architecture Types

Selected E2W Models and Their Motor Architecture

Motor Manufacturers

E2W Battery Cell Chemistry

Popular E2W Models and Their Battery Cell Chemistries

E2W Battery Chemistry Suitability Matrix

E2W Battery Evolution and Selected Cell Manufacturers

Battery Recycling

Notable

Benefits of Battery-swapping Technology: OEMs and Swapping Station Perspectives

Formation of Battery-swapping Consortiums

E2W Battery Swapping Consortiums and Their Members

E2W Charging Infrastructure: Overview, Principal Players, Opportunities, and Future Development

E2W Charging Voltage and Power Standards

E2W Charging Connector Standards

PCS Infrastructure by Major E2W Countries

Private Charging Point Installation Issues in Apartments

Connected E2Ws: Tethered (Bluetooth) and Embedded

OEM Overview: Tethered versus Embedded Connectivity in E2W Maintenance

HMI: Display, Operating System, and Smartphone Application

Primary Trends Defining the Future of Connected E2Ws

E2W Tire Technology

E2W Components Ecosystem: Key Takeaways

Purpose-built E2Ws

Increasing Demand for Purpose-built E2Ws

E2Ws in Motorsports

E2W Sales and Service Business Models

Ride-sharing and Last-mile Delivery

E2W Business Models: Key Takeaways

Growth Opportunity 1: Component Technology Advancements

Growth Opportunity 1: Component Technology Advancements (continued)

Growth Opportunity 2: E2W Battery-swapping Technology

Growth Opportunity 2: E2W Battery-swapping Technology (continued)

Growth Opportunity 3: Bike Taxis and Last-mile Delivery

Growth Opportunity 3: Bike Taxis and Last-mile Delivery (continued)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

Legal Disclaimer

An increasing number of E2W start-ups are in the market, especially those importing cheap components and selling low-quality vehicles. Most traditional internal combustion engine (ICE) two-wheeler (2W) original equipment manufacturers (OEMs) have yet to enter the E2W market. With E2W technology nascent and dominated by start-ups, it attracts entities from other industries to enter the market. Since E2Ws have 50% fewer components—mainly controlled by software—compared to ICE 2Ws, it requires fewer tools and lesser time to repair and maintain. E2W start-ups seek to reduce operation costs and scale faster to avoid a cash crunch and attract new investors. Companies in this market are also exploring new business models, such as direct-to-customer sales and services, to eliminate physical shops since they can perform E2W maintenance remotely and with doorstep repair service. Other aspects OEMs scrutinize to expand across regions faster with less investment include online sales, doorstep test rides, and distributor partnerships. Countries in Asia and Latin America (LATAM) offer simplified import policies to promote E2W adoption. Governments should impose stricter import policies and homologation rules to set quality standards. Developing economies are creating favorable policies and regulations for players to encourage the building of an electric vehicle (EV) ecosystem. Leading E2W OEMs strive to strengthen the EV supply chain with governments to make the country an EV hub. Frost & Sullivan studies the global E2W market in this report. The study period is 2018–2030, with 2022 as the base year and 2023–2030 as the forecast period. Regions covered include North America (United States and Canada), LATAM (Brazil and Colombia), Europe (United Kingdom, Italy, Spain, France, and Germany), and Asia (India, Indonesia, Thailand, Vietnam, China, Taiwan, and Japan). Other regions and countries, such as Africa and Mexico, are mentioned in specific slides to provide more broad coverage for particular topics. Other vital information includes: • Top 10 trends • Segmentation by region and type (eMoped, eMotorcycle, eScooter) • Leading OEMs • Business models • Components ecosystem Notably, Frost & Sullivan offers stakeholders insights and growth opportunities they can explore and use to capture a share of the dynamic E2W space over the next seven years.
More Information
Author Deepan Chinnaswamy
Industries Cross Industries
No Index No
Is Prebook No
Keyword 1 E2W
Keyword 2 Electric Two Wheeler Market
Keyword 3 Two Wheeler Market Share
Podcast No
WIP Number PE80-01-00-00-00