Strategic Analysis of the Global Electric Two- and Three- Wheeler Battery Swapping Market

Strategic Analysis of the Global Electric Two- and Three- Wheeler Battery Swapping Market

Rising Fuel Cost, Introduction of Battery Swapping Standards, and Collaborations to Ensure Transformational Growth

RELEASE DATE
18-Aug-2022
REGION
Europe
Research Code: PD77-01-00-00-00
SKU: AU02388-EU-MT_26814
AvailableYesPDF Download
$4,950.00
In stock
SKU
AU02388-EU-MT_26814
$4,950.00
DownloadLink
ENQUIRE NOW

Description

This study covers the key electric 2- & 3-wheeler (2W/3W) markets in Asia, Europe, and Latin America. The study identifies the key drivers of electric 2W/3W battery swapping technology and captures key components of the ecosystem. The report identifies and analyzes key participants and collaboration between battery swapping companies and OEMs, and contains profiles of those participants operating battery swapping stations in Asia, Europe, and LATAM regions.

Battery swapping technology allows E2W and E3W to be sold without the battery, thereby reducing the cost of the vehicle by nearly 40%. Standardization of batteries will further reduce the cost of E2Ws and E3Ws. Battery swapping technology eliminated the cost of new batter after the average warranty period of 3 years. Strategic partnerships with supermarkets and fuel stations will help set up swapping stations within miles of each other. Battery swapping technology allows users to complete a battery swap in under two minutes. The dynamically changing automotive scenario, increasing adoption of E2Ws, and the lack of charging infrastructure have led to the growth of innovative business models, such as BaaS, thus addressing range anxiety associated with EVs. In some cases, the BaaS plan also covers vehicle maintenance and insurance, which will make E2W ownership even cheaper.

After a decade of sharp decline, E2W battery cost is likely to rise in 2022, as demand is starting to outstrip supply. This ride-in cost is expected to delay the $100/kWh barrier by another 2 years. E2W riders living in large apartment complexes are experiencing challenges in the installation of EV charging sockets at their designated vehicle parking lots.

Asia is the most attractive market for battery swapping technology because E2Ws are considered primary transportation, particularly in ride-sharing and last-mile delivery. Owing to the lack of BSS regulation, collaboration allows participants to establish their own standards. The Latin American E2W/3W market is still nascent because of the presence of fewer participants and the lack of favorable regulations. The market witnessed significant sales numbers only from 2021.

For battery swapping stations to operate profitably, the number of EVs on the road is more important than the number of new EVs sold. Cost remains the key criterion for gig workers in the CEP industry and private commercial E3Ws, especially in Asia and LATAM. Attractive battery swapping bundle plans are essential to commercial fleets. Battery health and upkeep are crucial for offering uninterrupted rides to customers, particularly in commercial transportation. Battery charge and discharge data can open new business opportunities in data mining.

Table of Contents

Why Is It Increasingly Difficult to Grow?

The Strategic Imperative 8™

Impact of the Top 3 Strategic Imperatives on the Battery Swapping Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Scope of Analysis

Segmentation by Service Type

Segmentation by Product Type

Key Competitors

Major Participants, Partnerships, and Countries

Growth Drivers

Growth Driver Explained

Growth Restraints

Growth Restraint Explained

Benefits of Battery Swapping Technology: OEM & Swapping Station Perspective

Benefits of Battery Swapping Technology: Customer & End-user Perspective

Battery Swapping Station as a Baas Business Model

Battery Swapping Technology & Electric 2W/3W Adoption

List of Top 10 Drivers

Rising Demand For New E2Ws and E3Ws

Regulations Promoting Battery Swapping Infrastructure

High Cost of Replacement Battery

Disadvantages in Buying an E2W with Fixed Battery

Increasing Cost of Battery Raw Material

Limitations in Public Charging Station Infrastructure

Lack of Enough Public Charging Station by Country

Issues in Private Charging Point Installation in Apartments

Formation of Battery Swapping Consortium by OEMS

First-mover Advantage

Topics Discussed Under The Battery Swapping Ecosystem

Components of Battery Swapping Ecosystem

Battery Swapping Technology Provider

Key Hurdles in Battery Swapping Network

Battery Swapping Service Provider-OEM Collaboration

Battery Swapping Service Provider & Retailer Collaboration

Future Proof Swappable Battery Design

Key Attributes of a Smart BMS Battery

Key Functions of Battery Management System (BMS)

Swapping Service Usage Types

Swappable Batteries and the Evolution of E2W form Factor

Fleet Operators are to be the Driving Force Behind BSS Success

Battery Cooling Solutions for High Ambient Temperature

Europe (Germany, UK, France, Italy)

Key Growth Opportunities

Asia (Taiwan, China, India, Indonesia)

Key Growth Opportunities

Latin America (Brazil, Mexico)

Key Growth Opportunities

Smart-BMS (China Tower), China

Meituan, China

Yaeda, China

Haojue, China

eMoving GreenTrans, Taiwan

Gogoro, Taiwan

Kymco Ionex, Taiwan

Bounce Infinity, India

Sun Mobility, India

Yulu Bikes, India

Swobbee, Germany

Raido, Lithuania

Origem, Brazil

Voltz Motors, Brazil

Zynch, Mexico

Citio, Mexico

Oyika, Indonesia & Cambodia

PT Swap Energi, Indonesia

Growth Opportunity 1: Commercial E2W & E3W Fleets

Growth Opportunity 1: Commercial E2W & E3W Fleets (continued)

Growth Opportunity 2: Breakthrough in Battery Technology

Growth Opportunity 2: Breakthrough in Battery Technology (continued)

Growth Opportunity 3: Compact and Portable Swapping Stations

Growth Opportunity 3: Compact and Portable Swapping Stations (continued) 

Your Next Steps

Why Frost, Why Now?

List of Exhibits

Legal Disclaimer

Related Research
This study covers the key electric 2- & 3-wheeler (2W/3W) markets in Asia, Europe, and Latin America. The study identifies the key drivers of electric 2W/3W battery swapping technology and captures key components of the ecosystem. The report identifies and analyzes key participants and collaboration between battery swapping companies and OEMs, and contains profiles of those participants operating battery swapping stations in Asia, Europe, and LATAM regions. Battery swapping technology allows E2W and E3W to be sold without the battery, thereby reducing the cost of the vehicle by nearly 40%. Standardization of batteries will further reduce the cost of E2Ws and E3Ws. Battery swapping technology eliminated the cost of new batter after the average warranty period of 3 years. Strategic partnerships with supermarkets and fuel stations will help set up swapping stations within miles of each other. Battery swapping technology allows users to complete a battery swap in under two minutes. The dynamically changing automotive scenario, increasing adoption of E2Ws, and the lack of charging infrastructure have led to the growth of innovative business models, such as BaaS, thus addressing range anxiety associated with EVs. In some cases, the BaaS plan also covers vehicle maintenance and insurance, which will make E2W ownership even cheaper. After a decade of sharp decline, E2W battery cost is likely to rise in 2022, as demand is starting to outstrip supply. This ride-in cost is expected to delay the $100/kWh barrier by another 2 years. E2W riders living in large apartment complexes are experiencing challenges in the installation of EV charging sockets at their designated vehicle parking lots. Asia is the most attractive market for battery swapping technology because E2Ws are considered primary transportation, particularly in ride-sharing and last-mile delivery. Owing to the lack of BSS regulation, collaboration allows participants to establish their own standards. The Latin American E2W/3W market is still nascent because of the presence of fewer participants and the lack of favorable regulations. The market witnessed significant sales numbers only from 2021. For battery swapping stations to operate profitably, the number of EVs on the road is more important than the number of new EVs sold. Cost remains the key criterion for gig workers in the CEP industry and private commercial E3Ws, especially in Asia and LATAM. Attractive battery swapping bundle plans are essential to commercial fleets. Battery health and upkeep are crucial for offering uninterrupted rides to customers, particularly in commercial transportation. Battery charge and discharge data can open new business opportunities in data mining.
More Information
Author Deepan .Chinnaswamy
Industries Automotive
No Index No
Is Prebook No
Keyword 1 Electric Vehicle Battery Swapping Market
Keyword 2 EV Battery Swapping Market
Keyword 3 battery swapping market
Podcast No
WIP Number PD77-01-00-00-00