India Electric Two-Wheeler Market Growth, Size, Trends, Demand, Revenue and Future Competition
India Electric Two-Wheeler Market Size- By Type, By Battery Type, By Voltage- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Feb-2024 | Report ID: AMIN2468 | Pages: 1 - 106 | Formats*: |
| Category : Automotive & Transportation | |||
India Electric Two-Wheeler Market Introduction and Overview
According to SPER Market Research, the India Electric Two-Wheeler Market is estimated to reach USD XX billion by 2033 with a CAGR of XX%.
The report includes an in-depth analysis of the India Electric Two-Wheeler Market, including market size and trends, product mix, distribution channels, and supplier analysis. Electric two-wheelers, as opposed to their conventional gasoline-powered counterparts, are more efficient and environmentally beneficial due to their electric motors. Rechargeable batteries are used by these vehicles, also referred to as electric motorbikes or e-scooters, to store and power the electric motor. The demand for sustainable transportation options and the increased awareness of environmental issues are what are driving the change to electric two-wheelers. Because these cars don't emit any tailpipe emissions as they drive, they help to reduce air pollution and greenhouse gas emissions. Furthermore, electric two-wheelers frequently provide consumers a stronger financial advantage due to their lower fuel and maintenance costs.
Market Opportunities and Challenges
Opportunities: Numerous factors are driving the growth of the Indian electric two-wheeler market, which offers considerable prospects. The first and most important is the growing focus on environmentally friendly and sustainable transportation options in response to environmental issues. The market for electric two-wheelers is expected to increase as a result of government initiatives and regulations supporting electric mobility as well as incentives and subsidies. The need for effective and portable personal mobility solutions is being driven by the increasing urbanization and traffic in metropolitan regions, which makes electric two-wheelers a desirable alternative. Electric two-wheelers are becoming more feasible and appealing due to declining battery costs and improvements in infrastructure development for electric car charging stations.
Challenges: The Indian market for electric two-wheelers confronts a number of challenges that prevent their widespread acceptance, despite the industry's bright future. The nation's inadequate infrastructure for charging is a major barrier. Potential users of electric two-wheelers who are worried about range anxiety have a barrier because to the dearth of charging stations, especially in rural locations. To ensure convenient and widespread access, addressing this issue will need a significant investment in expanding the charging network. The comparatively greater initial cost of electric two-wheelers in comparison to their conventional counterparts presents another difficulty. Even in a region where pricing is crucial, like India, many potential purchasers are still put off by the initial purchase price, even if the total cost of ownership is frequently lower because of lower operating and maintenance expenses.
Market Competitive Landscape
The market for Electric Two-Wheeler in the India is lightly consolidated. Some of the market key players are OLA Electric, TVS, Ather Energy, Bajaj, Ampere Greaves, Okinawa, Hero Electric, BGauss, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By Battery Type, By Voltage |
| Regions covered | Eastern Region, Western Region, Norther Region, Southern Region |
| Companies Covered | OLA Electric, TVS, Ather Energy, Bajaj, Ampere Greaves, Okinawa, Hero Electric, BGauss, Others. |
COVID-19 Impact on India Electric Two-Wheeler Market
The market for electric two-wheelers in India has been significantly impacted by the COVID-19 pandemic. The production and availability of electric two-wheelers were impacted by the lockdowns and limitations put in place to stop the virus's spread. These measures also caused disruptions to supply chains, manufacturing processes, and general business operations. The pandemic's financial hardships and economic uncertainty also affected consumer behaviour, which slowed the uptake of electric vehicles, particularly two-wheelers. Furthermore, during the pandemic, the emphasis was placed on spending on necessities and pressing requirements, which took attention away from discretionary purchases like electric cars. The economic difficulties brought on by the pandemic also made budgets and priorities reassessable, which affected consumers' inclination to spend money on relatively newer technologies like electric two-wheelers.
Key Target Audience:
- Consumers
- Government and Regulatory Bodies
- Automakers and Manufacturers
- Investors and Financial Institutions
- Charging Infrastructure Providers
- Technology and Component Suppliers
- Environmental Organizations
Our in-depth analysis of the India Electric Two-Wheeler Market includes the following segments:
| By Type: |
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| By Battery Type: |
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| By Voltage: |
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Key Topics Covered in the Report:
- India Electric Two-Wheeler Market Size (FY’2024-FY’2033)
- Overview of India Electric Two-Wheeler Market
- Segmentation of India Electric Two-Wheeler Market By Type (Electric Motorcycles, Electric Scooters)
- Segmentation of India Electric Two-Wheeler Market By Battery Type (Sealed Lead Acid, Li-ion, Others)
- Segmentation of India Electric Two-Wheeler Market By Voltage (36V, 24V, 48V, More than 48V)
- Expansion Analysis of India Electric Two-Wheeler Market
- Problems and Obstacles in India Electric Two-Wheeler Market
- Competitive Landscape in the India Electric Two-Wheeler Market
- Impact of COVID-19 and Demonetization on India Electric Two-Wheeler Market
- Details on Current Investment in India Electric Two-Wheeler Market
- Competitive Analysis of India Electric Two-Wheeler Market
- Prominent Players in the India Electric Two-Wheeler Market
- SWOT Analysis of India Electric Two-Wheeler Market
- India Electric Two-Wheeler Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the India Electric Two-Wheeler Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. India Electric Two-Wheeler Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in India Electric Two-Wheeler Market
7. India Electric Two-Wheeler Market, By Type (USD Million)
7.1. India Electric Two-Wheeler Market Value Share and Forecast, By Type, 2023-20337.2. Electric Motorcycles7.3. Electric Scooters
8. India Electric Two-Wheeler Market, By Battery Type (USD Million)
8.1. India Electric Two-Wheeler Market Value Share and Forecast, By Battery Type, 2024-20338.2. Sealed Lead Acid8.3. Li-ion8.4. Others
9. India Electric Two-Wheeler Market, By Voltage (USD Million)
9.1. India Electric Two-Wheeler Market Value Share and Forecast, By Voltage, 2024-20339.2. 36V9.3. 24V9.4. 48V9.5. More than 48V
10. India Electric Two-Wheeler Market Forecast, 2020-2033 (USD Million)
10.1. India Electric Two-Wheeler Market Size and Market Share
11. India Electric Two-Wheeler Market, By Type, 2020-2033 (USD Million)
11.1. India Electric Two-Wheeler Market Size and Market Share By Type (2020-2026)11.2. India Electric Two-Wheeler Market Size and Market Share By Type (2027-2033)
12. India Electric Two-Wheeler Market, By Battery Type, 2020-2033 (USD Million)
12.1. India Electric Two-Wheeler Market Size and Market Share By Battery Type (2020-2026)12.2. India Electric Two-Wheeler Market Size and Market Share By Battery Type (2027-2033)
13. India Electric Two-Wheeler Market, By Voltage, 2020-2033 (USD Million)
13.1. India Electric Two-Wheeler Market Size and Market Share By Voltage (2020-2026)13.2. India Electric Two-Wheeler Market Size and Market Share By Voltage (2027-2033)
14. India Electric Two-Wheeler Market, By Region, 2020-2033 (USD Million)
14.1. India Electric Two-Wheeler Market Size and Market Share By Region (2020-2026)
14.2. India Electric Two-Wheeler Market Size and Market Share By Region (2027-2033)14.3. Eastern Region14.4. Western Region14.5. Norther Region14.6. Southern Region
15. Company Profile
15.1. OLA Electric15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments15.2. TVS15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments15.3. Ather Energy15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments15.4. Bajaj.15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments15.5. Ampere Greaves15.5.1. Company details15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments15.6. Okinawa.15.6.1. Company details15.6.2. Financial outlook15.6.3. Product summary15.6.4. Recent developments15.7. Hero Electric15.7.1. Company details15.7.2. Financial outlook15.7.3. Product summary15.7.4. Recent developments15.8. BGauss15.8.1. Company details15.8.2. Financial outlook15.8.3. Product summary15.8.4. Recent developments15.9. Others
16. Reference Links
17. Conclusion
18. Research Scope
19. List of Abbreviations
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
India Electric Two-Wheeler Market is projected to reach USD XX billion by 2033, growing at a CAGR of XX% during the forecast period.
India Electric Two-Wheeler Market size from 2022. The Market is expected to reach USD XX billion by 2033, at a CAGR of XX% during the forecast period.
India Electric Two-Wheeler Market CAGR of XX% during the forecast period.
You can get the sample pages by clicking the link - Click Here
India Electric Two-Wheeler Market size is XX billion from 2023 to 2033.
India Electric Two-Wheeler Market Segment is covered By Type, By Battery Type, By Voltage.
The Asia- Pacific is anticipated to have the highest market share in the India Electric Two-Wheeler Market.
The key players in the market include Companies Covered OLA Electric, TVS, Ather Energy, Bajaj, Ampere Greaves, Okinawa, Hero Electric, BGauss, Others.
Electric two-wheelers, as opposed to their conventional gasoline-powered counterparts, are more efficient and environmentally beneficial due to their electric motors. Rechargeable batteries are used by these vehicles.
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