Europe Electric Two Wheeler Market

An electric two-wheeler refers to plug-in electric vehicle that stores electricity in a rechargeable battery and uses it to drive one or more electric motors. There are basically two types of rechargeable batteries that are used in the electric two-wheelers: lead batteries and lithium batteries. With the continuous advancement in technologies, electric two-wheelers are gaining more traction as compared to the standard two-wheelers.

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The Europe electric two-wheeler market is projected to experience an upsurge in demand over the next six years. This is mainly due to the increasing affordability of electric vehicles and the growing inclination of individuals towards using cleaner automobiles. With the increasing emission of greenhouse gas, the end-users are actively looking for electric vehicles in order to save the environment and their money at the same time. Numerous top players in the electric vehicle market such as Honda, TVS, Yamaha, and others, are emphasizing on launching new technological advancement in electric vehicles to tap the potential market.

The government of various European countries are introducing initiatives and strategies to support the adoption of electric vehicles in their respective countries. The government of the United Kingdom is planning to open a public consultation into the usage of electric scooter, which will include the rules that should be placed on scooter riders and manufacturers to ensure their safety on roads. In 2019, the French government revised its bonus-malus CO2 system with the aim of quintupling sales of electric vehicles by 2022 as compared with 2017. This strategy aims to support the adoption of electric bicycles among the consumers with “modest income” who already receive social support at a local level. The Italian government provides subsidies for EV purchases, including electric or hybrid mopeds and scooters with an electric or hybrid motor. Thus, the increasing number of initiatives and plans implemented by the government is drastically surging the demand for electric two wheelers in Europe. On the other edge, the high cost of the electric vehicle battery is a significant factor that is likely to have a negative impact on the market.

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On the basis of the vehicle type, the e-motorcycle segment is expected to dominate the Europe electric two-wheeler market over the forecast period. The strong demand for e-motorcycles for a wide range of applications, such as for off-roading, racing, cursing, and daily commuting, is one of the significant factor that is responsible for the growth of the segment in the market. The increasing level of pollution and traffic has encouraged customers to shift their preference towards e-scooters/mopeds for short-distance travelings, such as for weekly grocery purchases or for visiting the nearby market. This factor is attracting a large number of consumers into the market over the coming years.

Based on the battery type, the sealed lead acid segment is predicted to grow at a faster CAGR during the forecast period. This is mainly due to its lower cost as compared to the other conventional batteries. However, the lithium-Ion segment is anticipated to lead the market over the forecast period. The increasing consumer awareness related to the numerous exceptional advantages provided by lithium-ion batteries such as higher density, enhanced efficiency, light in weight, and longer lifespan is motivating the end-users to opt for these batteries vehicles.

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Based on the country, France is projected to grow at a faster CAGR over the forecast period. The strong demand for mopeds and electric scooters in France is one of the biggest factors that is contributing to the growth of the market. Additionally, the European Association of Motorcycle Manufacturers, France represented the highest number of electric motorcycle registration, which is projected to have a positive impact on the demand of the market in this region. In addition to this, the low running cost of electric two wheelers and easy to park feature as compared to cars, are further attracting a large number of customers into the market.

The Europe Electric Two-Wheeler Market has been segmented on the basis of Vehicle Type, Battery Type, Technology Type, Distance Covered, Voltage Type and countries. Based on Vehicle Type, the market is segmented into E-Scooter/Moped and E-Motorcycle. Based on Battery Type, the market is segmented into Sealed Lead Acid and Lithium-Ion. Based on Technology Type, the market is segmented into Plug-In and Battery. Based on Distance Covered, the market is segmented into Below 75 Miles, 75–100 Miles and Above 100 Miles. Based on Voltage Type, the market is segmented into 36V, 48V, 60V and 72V.

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Key questions answered in this research report:

• • At what pace is Europe Electric Two-Wheeler Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Europe Electric Two-Wheeler Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the Europe Electric Two-Wheeler Market?
  • Which vehicle type generated maximum revenues in 2019 and identify the most promising vehicle types during the forecast period?
  • What are the various battery types of Europe Electric Two-Wheeler Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Europe Electric Two-Wheeler Market by Vehicle Type

• • E-Scooter/Moped
  • E-Motorcycle

Europe Electric Two-Wheeler Market by Battery Type

• • Sealed Lead Acid
  • Lithium-Ion

Europe Electric Two-Wheeler Market by Technology Type

• • Plug-In
  • Battery

Europe Electric Two-Wheeler Market by Distance Covered

• • Below 75 Miles
  • 75–100 Miles
  • Above 100 Miles

Europe Electric Two-Wheeler Market by Voltage Type

• • 36V
  • 48V
  • 60V
  • 72V

Europe Electric Two-Wheeler Market by Countries

• • UK Europe Electric Two-Wheeler Market All-Up (Option 1: Free 25% Customization)
  • Germany Europe Electric Two-Wheeler Market All-Up (Option 2: Free 25% Customization)
  • France Europe Electric Two-Wheeler Market All-Up (Option 3: Free 25% Customization)
  • Spain Europe Electric Two-Wheeler Market All-Up (Option 4: Free 25% Customization)
  • Rest of Europe Electric Two-Wheeler Market All-Up (Option 5: Free 25% Customization)