Growing concerns regarding rising greenhouse gas emission levels coupled with increasing price competitiveness of electric two wheelers to drive electric two wheeler market of Indonesia
According to TechSci Research report, “Indonesia Electric Two Wheeler Market, By Vehicle Type (Electric Motorcycle and Electric Scooters/Mopeds), By Battery Capacity (<25 Ah and >25 Ah), By Battery Type (Lead Acid and Li-ion), Competition, Forecast & Opportunities, 2024”, the Indonesia electric two wheeler market is anticipated to grow at brisk rate on account of increasing GHG emissions and growing concerns related to surging pollution level. High population density in the country and rising urbanization is further contributing towards the growing demand for two-wheelers in the country. Furthermore, technological advancements in batteries of electric vehicle is positively impacting the growth of the market until 2024.
Browse 34 market data Figures and Tables spread through 81 Pages and an in-depth TOC on “Indonesia Electric Two Wheeler Market”
Indonesia electric two wheeler market can be segregated based on vehicle type, battery capacity, battery type and region. Based on vehicle type, electric moped or scooter is expected to account for the largest share on the back of their maneuverability, rising number of female riders and growing purchasing power. In terms of battery capacity, less than 25 Ah is the dominant segment as majority of electric vehicle models present in the market are having battery of less than 25 Ah.
Major companies operating in the economy include Zero Motorcycles Inc., Segway, Inc., Viar Motor Indonesia, Dongguan Tailing Electric Vehicle Co., Ltd., Shandong Incalcu Electric Vehicle Co., Ltd, Xiaomi Corp., PT Wijaya Karya Tbk, among others. Companies operating in the market are using strategies such as new product launches and reduced charging time to increase their share in the market. Other strategies for increasing penetration in the market include mergers and acquisitions. For instance, in 2018, PT Wijaya Karya Tbk, a collaboration between Gesits and Wijaya Karya Industri dan Konstruksi, announced to produce 60,000 electric motorcycle starting from 2019.
Download Sample Report @https://www.techsciresearch.com/sample-report.aspx?cid=4522
Customers can also request for 10% free customization on this report.
“The electric two wheeler market in Indonesia is expected to grow at a double digit growth rate on account of increasing affordability of electric two wheelers being provided by leading automobile manufacturers, growing distributor & dealership network and surging demand to curb pollution levels in the country. Moreover, ongoing research and development activities and inclination of government for promoting domestic electric vehicles are expected to result in a wide product portfolio of these vehicles, which is further projected to consequently drive the market until 2024.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Indonesia Electric Two Wheeler Market, By Vehicle Type (Electric Motorcycle and Electric Scooters/Mopeds), By Battery Capacity (<25 Ah and >25 Ah), By Battery Type (Lead Acid and Li-ion), Competition, Forecast & Opportunities, 2024” has analyzed the potential of Indonesia electric two wheeler market across the country, and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by Indonesia electric two wheeler market.
Mr. Ken Mathews
708 Third Avenue,
New York – 10017