India Electric Two-Wheeler Market Size, Trends, Statistics and Report 2024-2032
IMARC Group, a leading market research company, has recently releases report titled “India Electric Two-Wheeler Market Report by Vehicle Type (Electric Scooter/Moped, Electric Motorcycle), Battery Type (Lithium-Ion, Sealed Lead Acid (SLA)), Voltage Type (<48V, 48-60V, 61-72V, 73-96V, >96V), Peak Power (<3 kW, 3-6 kW, 7-10 kW, >10 kW), Battery Technology (Removable, Non-Removable), Motor Replacement (Hub Type, Chassis Mounted), and Region 2024-2032.” The study provides a detailed analysis of the industry, including the India electric two-wheeler market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the India Electric Two-Wheeler Market?
The India electric two-wheeler market size is projected to exhibit a growth rate (CAGR) of 35.10% during 2024-2032.
India Electric Two-Wheeler Market Overview:
The increased awareness of environmental concerns, including air pollution and climate change, is primarily driving the growth of the India electric two-wheeler market. Furthermore, rising levels of carbon emissions are offering profitable development potential for the whole sector. In addition to this, the Indian government is actively taking initiatives to promote the adoption of electric two-wheelers as a sustainable and eco-friendly mode of transportation. Moreover, the rising cost of fuel is also augmenting the need for affordable electric modes of transportation, such as electric two-wheelers.
Additionally, the elevating levels of urbanization are further bolstering the adoption of two-wheelers since densely populated cities require an efficient means of transportation. Electric two-wheelers allow riders to navigate through traffic with ease, often taking shortcuts inaccessible to cars and eliminating the need for time-consuming parking searches.
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India Electric Two-Wheeler Market Trends:
Technological advancements and the development of robust charging infrastructure are significant trends shaping the India electric two-wheeler market. Enhanced battery technologies, offering longer ranges and shorter charging times, are making electric two-wheelers more practical for daily use. Companies are also focusing on integrating smart features like IoT connectivity, which improves the user experience by giving real-time data on vehicle performance and maintenance requirements.
Furthermore, collaborations between manufacturers and energy companies to establish widespread charging networks are alleviating range anxiety among consumers, thereby encouraging adoption. The market is also witnessing a surge in investments from both domestic and international players, aiming to capitalize on the burgeoning demand and contribute to the electric mobility revolution in India over the forecasted period.
India Electric Two-Wheeler Market Segmentation:
Vehicle Type Insights:
- Electric Scooter/Moped
- Electric Motorcycle
Battery Type Insights:
- Lithium-Ion
- Sealed Lead Acid (SLA)
Voltage Type Insights:
- <48V
- 48-60V
- 61-72V
- 73-96V
- >96V
Peak Power Insights:
- <3 kW
- 3-6 kW
- 7-10 kW
- >10 kW
Battery Technology Insights:
- Removable
- Non-Removable
Motor Replacement Insights:
- Hub Type
- Chassis Mounted
Regional Insights:
- North India
- West and Central India
- South India
- East and Northeast India
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Key Highlights of the Report:
• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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