North America Electric Two Wheeler Market Growth, Trends, Size, Challenges and Future Outlook
North America Electric Two Wheeler Market Size- By Vehicle Type, By Battery Type, By Battery Capacity, By Range - Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Feb-2024 | Report ID: AMIN2457 | Pages: 1 - 150 | Formats*: |
| Category : Automotive & Transportation | |||
North America Electric Two Wheeler Market Introduction and Overview
According to SPER Market Research, the North America 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 North America Electric Two Wheeler Market, including market size and trends, product mix, applications, and supplier analysis. Vehicles that run on electricity as opposed to conventional internal combustion engines are known as electric two-wheelers. They cover a broad variety of goods, such as electric scooters and bicycles (also known as e-bikes). These cars have electric motors that drive them along with rechargeable batteries that store energy. Electric two-wheelers are a sustainable form of transportation that helps solve environmental issues and lower carbon footprints.
Market Opportunities and Challenges
In North America, there are many opportunities for growth in the electric two-wheeler market. The market is behind in terms of infrastructure for charging, which presents an opportunity to build the network for automobiles early on. The government also offers a number of incentives to establish the stations, particularly in urban areas. Additionally, the market for shared mobility and delivery services is seeing an increase in the popularity of electric two-wheelers, which presents a chance to expand the number of these vehicles in the fleet across the continent. The market for electric two-wheelers in North America has grown rapidly in recent years for a number of reasons, including increased public awareness of the dangers of greenhouse gases and other dangerous gases released by gasoline-powered vehicles, government support for these initiatives, and the quick development of battery technology. These factors are contributing to a shift in the public's perception of electric cars, which in turn is making electric two-wheelers more popular.
Incentives for the electric two-wheeler sector are lower in North America. Incentives for the electric vehicle market are substantial overall, but compared to other electric vehicle segments in the nation, the market for electric two-wheelers has received fewer incentives. Therefore, the process of electrifying the two-wheeler market is being slowed down by this bias in incentive allocation. Compared to cars with internal combustion engines, electric vehicles are more expensive at first. Government subsidies for the purchase of new cars do not, however, make them a competitive alternative to cars with internal combustion engines.
Furthermore, the development of electric two-wheelers is being aided by advancements in battery technology. Right now, a lot of things need to be addressed, like battery life, range, charging time, and other factors. In addition, there are certain advancements in battery disposal that require attention to ensure environmental sustainability.
Market Competitive Landscape
The major key players in the North America Electric Two Wheeler Market are: BMW North America LLC, CSC Motorcycles, ENERGICA MOTOR COMPANY INC., Harley Davidson Inc., Lightning Motorcycle Corp., Niu International, Torrot Electric Europe S.A., Yamaha Motor Co. Ltd., Yadea Group Holdings Ltd., Zero Motorcycles Inc., 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 Vehicle Type, By Battery Type, By Battery Capacity, By Range |
| Regions covered | Canada, Mexico, United States |
| Companies Covered | BMW North America LLC, CSC Motorcycles, ENERGICA MOTOR COMPANY INC., Harley Davidson Inc., Lightning Motorcycle Corp., Niu International, Torrot Electric Europe S.A., Yamaha Motor Co. Ltd., Yadea Group Holdings Ltd., Zero Motorcycles Inc., Others |
COVID-19 Impact on North America Electric Two Wheeler Market
The COVID-19 epidemic had a major effect on the electric two-wheeler market in North America, causing changes in supply chains and variations in demand. Although the first lockdown measures impacted sales because of lower consumer spending and logistical difficulties, there was a later spike in demand as people looked for other ways to distance themselves from others. The adoption of electric vehicles was further expedited by the increased focus on sustainability and environmental issues, which helped the area gradually recover and create long-term business opportunities.
Key Target Audience:
- Urban Commuters
- Eco-Conscious Consumers
- Fitness Enthusiasts
- Senior Citizens
- Students and Campus Commuters
- Adventure Seekers
- Delivery and Logistics Industry
- Tourism and Rental Service
- Others
Our in-depth analysis of the North America Electric Two Wheeler Market includes the following segments:
| By Vehicle Type: |
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| By Battery Type: |
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| By Battery Capacity: |
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| By Range: |
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Key Topics Covered in the Report:
- North America Electric Two Wheeler Market Size (FY’2024-FY’2033)
- Overview of North America Electric Two Wheeler Market
- Segmentation of North America Electric Two Wheeler Market By Vehicle Type (Motorcycle, Scooter/Moped)
- Segmentation of North America Electric Two Wheeler Market By Battery Type (Lead Acid, Li-ion)
- Segmentation of North America Electric Two Wheeler Market By Battery Capacity (25Ah, >25Ah)
- Segmentation of North America Electric Two Wheeler Market By Range (Less than 100 Km, 100 Km -150 km, Above 150 Km)
- Statistical Snap of North America Electric Two Wheeler Market
- Expansion Analysis of North America Electric Two Wheeler Market
- Problems and Obstacles in North America Electric Two Wheeler Market
- Competitive Landscape in the North America Electric Two Wheeler Market
- Impact of COVID-19 and Demonetization on North America Electric Two Wheeler Market
- Details on Current Investment in North America Electric Two Wheeler Market
- Competitive Analysis of North America Electric Two Wheeler Market
- Prominent Players in the North America Electric Two Wheeler Market
- SWOT Analysis of North America Electric Two Wheeler Market
- North America 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 North America 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. North America Electric Two Wheeler Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in North America Electric Two Wheeler Market
7. North America Electric Two Wheeler Market, By Vehicle Type (USD Million)
7.1. North America Electric Two Wheeler Market Value Share and Forecast, By Vehicle Type, 2024-20337.2. Motorcycle7.3. Scooter/Moped
8. North America Electric Two Wheeler Market, By Battery Type (USD Million)
8.1. North America Electric Two Wheeler Market Value Share and Forecast, By Battery Type, 2024-20338.2. Lead Acid8.3. Li-ion
9. North America Electric Two Wheeler Market, By Battery Capacity (USD Million)
9.1. North America Electric Two Wheeler Market Value Share and Forecast, By Battery Capacity, 2024-20339.2. 25Ah9.3. >25Ah
10. North America Electric Two Wheeler Market, By Range (USD Million)
10.1. North America Electric Two Wheeler Market Value Share and Forecast, By Range, 2024-203310.2. Less than 100 Km10.3. 100 Km -150 km10.4. Above 150 Km
11. North America Electric Two Wheeler Market Forecast, 2020-2033 (USD Million)
11.1. North America Electric Two Wheeler Market Size and Market Share
12. North America Electric Two Wheeler Market, By Vehicle Type, 2020-2033 (USD Million)
12.1. North America Electric Two Wheeler Market Size and Market Share By Vehicle Type (2020-2026)12.2. North America Electric Two Wheeler Market Size and Market Share By Vehicle Type (2027-2033)
13. North America Electric Two Wheeler Market, By Battery Type, 2020-2033 (USD Million)
13.1. North America Electric Two Wheeler Market Size and Market Share By Battery Type (2020-2026)13.2. North America Electric Two Wheeler Market Size and Market Share By Battery Type (2027-2033)
14. North America Electric Two Wheeler Market, By Battery Capacity, 2020-2033 (USD Million)
14.1. North America Electric Two Wheeler Market Size and Market Share By Battery Capacity (2020-2026)14.2. North America Electric Two Wheeler Market Size and Market Share By Battery Capacity (2027-2033)
15. North America Electric Two Wheeler Market, By Range, 2020-2033 (USD Million)
15.1. North America Electric Two Wheeler Market Size and Market Share By Range (2020-2026)15.2. North America Electric Two Wheeler Market Size and Market Share By Range (2027-2033)
16. North America Electric Two Wheeler Market, By Region, 2020-2033 (USD Million)
16.1. North America Electric Two Wheeler Market Size and Market Share By Region (2020-2026)16.2. North America Electric Two Wheeler Market Size and Market Share By Region (2027-2033)16.3. Canada16.4. Mexico16.5. United States
17. Company Profile
17.1. BMW North America LLC17.1.1. Company details17.1.2. Financial outlook17.1.3. Product summary17.1.4. Recent developments17.2. CSC Motorcycles17.2.1. Company details17.2.2. Financial outlook17.2.3. Product summary17.2.4. Recent developments17.3. ENERGICA MOTOR COMPANY INC.17.3.1. Company details17.3.2. Financial outlook17.3.3. Product summary17.3.4. Recent developments17.4. Harley Davidson Inc.17.4.1. Company details17.4.2. Financial outlook17.4.3. Product summary17.4.4. Recent developments17.5. Lightning Motorcycle Corp.17.5.1. Company details17.5.2. Financial outlook17.5.3. Product summary17.5.4. Recent developments17.6. Niu International17.6.1. Company details17.6.2. Financial outlook17.6.3. Product summary17.6.4. Recent developments17.7. Torrot Electric Europe S.A. (Volcon ePowersports)17.7.1. Company details17.7.2. Financial outlook17.7.3. Product summary17.8. Recent developments17.9. Yadea Group Holdings Ltd.17.9.1. Company details17.9.2. Financial outlook17.9.3. Product summary17.9.4. Recent developments17.10. Yamaha Motor Co. Ltd.17.10.1. Company details17.10.2. Financial outlook17.10.3. Product summary17.10.4. Recent developments17.11. Zero Motorcycles Inc17.11.1. Company details17.11.2. Financial outlook17.11.3. Product summary17.11.4. Recent developments17.12. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
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
North America Electric Two Wheeler Market is projected to reach USD XX billion by 2033, growing at a CAGR of XX% during the forecast period.
North America Electric Two Wheeler Market grew in market size from 2023. The Market is expected to reach USD XX billion by 2033, at a CAGR of XX% during the forecast period.
North America Electric Two Wheeler Market CAGR of XX% during the forecast period.
You can get the sample pages by clicking the link -Click Here
North America Electric Two Wheeler Market size is USD XX billion from 2023 to 2033.
North America Electric Two Wheeler Market Segment is Covered By Vehicle Type, By Battery Type, By Battery Capacity, By Range
The North America region is anticipated to have the highest market share in North America Electric Two Wheeler Market.
The key players in the market include Companies Covered BMW North America LLC, CSC Motorcycles, ENERGICA MOTOR COMPANY INC., Harley Davidson Inc., Lightning Motorcycle Corp., Niu International, Torrot Electric Europe S.A., Yamaha Motor Co. Ltd., Yadea Group Holdings Ltd., Zero Motorcycles Inc., Others
North America Electric Two Wheeler Market, including market size and trends, product mix, applications, and supplier analysis. Vehicles that run on electricity as opposed to conventional internal combustion engines are known as electric two-wheelers.
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