Electric two wheeler market forecast and opportunities, 2024 - TechSci Research

1. 2014-2024 Global Electric Two-Wheeler Market By Vehicle Type, By Battery Capacity, By Battery Type, By Region, Competition Forecast and Opportunities PUBLISHED : April, 2019 MARKET INTELLIGENCE . CONSULTING

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11. Product Overview Electric Two-Wheeler Definition Electric two-wheelers are vehicles that are powered by electricity. Electric two-wheelers can be divided into two categories, namely, electric scooters (e-scooters)/mopeds and electric motorcycles (e-motorcycles). A battery pack and a motor are installed in the vehicles to store and transform the electricity. User control is attached to the handle bar to stop and adjust the speed. Classification According to Vehicle Type

12. Research Methodology Market Profiling Data Analysis Data Collection Data Validation Developing list of respondents Formulating Questionnaire TechSci Research conducted interviews with industry experts and industry players for data collection and verification. The data was scrutinized using MS-Excel and statistical tools such as Time Series Analysis to obtain qualitative and quantitative insights about global electric two-wheeler market. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. In-depth secondary research was conducted to determine top players in global electric two-wheeler market, overall market size and segmental market size. In order to conduct industry experts’ interviews, TechSci formulated a detailed questionnaire. List of industry players, distributors, and industry specialists was developed. Primary Research Desk Research Company Analysis Data Filter & Analysis Business Solution Actionable Insights • Market Participants • Key Strengths • Commercial Vehicle Portfolio Data Collection Research & Intelligence • Recent Developments • Market Changing Aspects/Dynamics • Government Policies • Final Conclusion • Identifying Key Opinion Leaders • Questionnaire Design • In-depth Interviews Primary Research Secondary Research Paid Sources • TechSci Internal Database • LinkedIn • Company Website • Company Annual Reports • White Paper Study • Financial Reports • Investor Presentations • Regulatory Body • Associations, etc. • Factiva • Hoovers

13. Research Methodology Baseline Methodology: For the study, TechSci Research has gathered information through primary research surveys with leading electric two-wheeler companies operating across the globe. We also put through an exhaustive search of credible paid databases, such as Business Week, Factiva and Hoovers, including our internal database. Our team of analysts has then prudently evaluated all the collected information and presented the same in chronological order to depict a meaningful and clear picture of global electric two-wheeler market. While compiling the data, we have also cross checked all the collected information from multiple sources and data warehouses, so as to present the most accurate and precise information of the concerned industry. Market Size Calculation Technique: Primary Research For the preparation of global electric two-wheeler market report, bottom-up model has been used, which has been later cross-validated by using top-down approach. TechSci interviewed senior managers and regional managers of prominent electric two-wheeler companies using Delphi technique for calculating global electric two-wheeler market size. Respondents were also asked about the current and future growth rates, market share by vehicle type, etc. All the information gathered was carefully analyzed. Data points which exhibited high deviations from the majority estimates were eliminated as outliers and the remaining refined data points were put together to arrive at the volume data.

14. Research Methodology Primary Research – Few of the Companies Interviewed Secondary Research: We have also put through an exhaustive search of credible paid databases, such as Factiva and Hoovers, in addition to our internal database. Further analysis of credible publications, white papers, companies’ annual reports, investor presentations, news articles, etc., was done to cross-validate the end findings derived from primary research. Forecasting Technique: The team has done forecasting on the basis of econometric and judgemental analysis in addition to statistical techniques, such as averaging, and geometric mean. During primary interviews, questions regarding historical trends of electric two-wheeler market over the last five years were put forward. Respondents were asked about the current and future growth rates, market share by vehicle type, across the globe. In order to forecast global electric two-wheeler market, following forecast techniques have been used: • Time Series Analysis • Econometric and Judgmental Analysis • Moving Average

15. INDUSTRY BRIEF According to TechSci Research report, “Global Electric Two-Wheeler Market By Vehicle Type, By Battery Capacity, By Battery Type, By Region, Competition, Forecast & Opportunities, 2014-2024”, global electric two-wheeler market is projected to cross $ 19 billion by 2024. Anticipated growth in global electric two-wheeler market is led by growing concerns about GHG emissions coupled with government support in the form of incentives and schemes aimed at encouraging the use of electric two-wheelers across the globe. In addition, rising disposable income in emerging economies such as India and China and competitive pricing of electric two-wheelers is expected to boost sales of electric two-wheelers, globally, during the forecast period. In 2018, scooter/moped segment dominated global electric two-wheeler market and the segment is expected to maintain its leading market position in coming years, owing to growing number of female drivers and their maneuverability. Electric two-wheeler market is largely concentrated in the Asia-Pacific region, backed by huge two-wheeler market and growing adoption in countries such as China, Taiwan, Vietnam and India. Two-wheelers are widely preferred in Asia-Pacific mainly due to their low cost and maneuverability. Moreover, high population density in the region and rising urbanization in emerging economies is further contributing towards the growing demand for two-wheelers in the region. Europe is the second largest market for electric two-wheelers in the globe, on account of rising government support in the form of subsidies in countries such as Netherlands, France, Spain and Italy. “Yadea is the leading player in global electric two-wheeler market, owing to its strong dealership and distribution network. Other major payers include AIMA, Zhejiang Luyuan and Jiangsu Xinri. Growth in demand for electric two-wheelers has been witnessed across the world in the past few years, primarily backed by increasing government initiatives to promote the use of electric two-wheelers.  Moreover, with continuously rising pollution levels, the need for cleaner automobiles with less emissions is bound to increase in the coming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

16. SAMPLE DATA - SNAPSHOT • Global Electric Two-Wheeler MarketSize, By Value (USD Billion), By Volume (Million Unit), 2014-2024F • CAGR 2019E-2024F By Value: xx% By Volume: xx% • CAGR 2014-2018 By Value: xx% By Volume: xx% • North AmericaElectric Two-Wheeler Market Share, By Vehicle Type, By Volume, 2014-2024F • Canada Electric Two-Wheeler Market Share, By Battery Capacity, By Volume, 2014-2024F

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