Asia Electric Two-Wheeler Market

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Asia Electric Two-Wheeler Market
The Asian electric two-wheeler market is
predicted to grow at 7.0 CAGR during the
forecast period with its fleet size reaching 59.3
million units by 2024. The Asian market is driven
largely by technical developments in battery
technology, government funding and electric car
programmes, raising awareness of the reduction of
vehicle emissions. Different products including
e-scooters and e-bikes are majorly contributing
to the electric two-wheeler market size in Asia.
By product, the market is categorized into
e-scooters, e-bikes, e-motorcycles and others. E-
scooters held the largest share of more than 55
in the Asian electric two-wheeler market in
2017, in terms of fleet size. By battery type,
the market is segmented into sealed lead acid,
Li-ion, and NiMH. Sealed lead acid is the most
common type of battery used in the electric
two-wheelers in Asia. By battery technology, the
market is categorized into removable battery and
non-removable battery. Non-removable batteries
are majorly used in the market as it is
convenient for electric two-wheelers to plugin
and charge batteries instead of removing and
charging indoors. By voltage, the market is
segmented into 24V, 36V, 48V, 60V, 72V. 48V
electric two-wheeler hold the largest share in
the Asian electric two-wheeler market, followed
by 36V two- wheelers.
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Technological innovations in battery technology,
government subsidies and electric car programmes
have made electric two-wheelers affordable and
enhanced their performance and quality,
increasing understanding of reducing vehicle
emissions. The major reason for the affordable
prices of electric scooters and bikes is the
advancement in battery technology. The key
factors hindering the development of the Asian
electric two-wheeler market are battery prices,
the lack of sufficient charging facilities and
competition from gasoline-driven
two-wheelers. Competitive Insights Hero
Electric Vehicles Pvt. Ltd., Yadea Technology
Group, Jiangsu Kingbon Vehicle Co., Ltd, AIMA
Technology Group Co. Ltd, Zhejiang Luyuan
Electric Vehicle Co., Ltd., Jiangsu Xinri E-
Vehicle Co., Ltd. (SUNRA), Ather Energy, Spero
Electric, Honda Motor Co. Ltd., Terra Motors
Corporation, Unistar Co. Ltd., Segway Inc., UDA
Motor Co. Ltd, Ningbo MYWAY Intelligent
Technology Co. Ltd, Viar Motor Indonesia, Zero
Motorcycles Inc., Xiaomi Inc., and Lohia Auto
Industries are some of the key players operating
in the Asian electric two-wheelers
market. VynZ Research Call 91-996-028-8381 Tol
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