APAC Electric Two Wheeler Market to Surpass $ 14 Billion by 2023

Rising concerns towards environment and favorable government policies to boost electric two wheeler sales in Asia-Pacific through 2023

According to TechSci Research report, “Asia-Pacific Electric Two Wheeler Market, By Vehicle Type, By Battery Capacity, By Battery Type, By Country, Competition Forecast & Opportunities, 2013-2023”, Asia-Pacific electric two wheelers market is projected to cross $ 14.2 billion by 2023. Growth in the market is led by growing concerns about environment due to rising GHG emissions along with stricter government norms regarding vehicle emission standards. Moreover, government initiatives towards mass production of electric two wheelers with attractive tax waiver policies for electric vehicle production is further expected to positively influence Asia-Pacific electric two wheeler market in the coming years. On the basis of battery type, Asia-Pacific electric two-wheeler market is categorized into lead acid and li-ion battery segments, of which, the latter dominates the market on account of their increasing affordability and high energy density.

Browse 44 market data Figures spread through 74 Pages and an in-depth TOC on “Asia-Pacific Electric Two Wheeler Market”

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Scooter/Moped segment dominated Asia-Pacific electric two-wheeler market with around 89% volume share in 2017.  Among countries, a large demand for electric two-wheelers emanates from China on account of increasing purchasing power of individuals across the country. Rising presence of various companies such as Yadae Group Holdings Ltd, AIMA Technology Co., Ltd, Jiangsu Xinri E-Vehicle Co., Ltd, Zhenjiang Luyuan Electric Vehicle, Dongguan Tailing Electric Vehicle Co., Ltd., etc., and their expanding operations in Asia-Pacific are further anticipated to intensify competition in the region’s electric two-wheeler market over the course of next five years.

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“With continuing technological enhancements along with favorable government schemes related to electric vehicles, sales of electric vehicles are rising in Asia-Pacific. Moreover, rising air pollution and increasing consumer acceptance are further anticipated to fuel growth in Asia-Pacific electric two-wheeler market in the coming years. Additionally, increasing online sales of electric vehicles coupled with growing domestic manufacturing would further steer growth in the region’s electric two-wheeler market during the forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Asia-Pacific Electric Two-Wheeler Market, By Vehicle Type, By Battery Capacity, By Battery Type, By Country, Competition Forecast & Opportunities, 2013-2023” has analyzed the potential of electric two-wheeler market in Asia-Pacific region, 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 the industry.

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