Asia-Pacific electric two-wheeler market is projected to grow at a considerable CAGR during the forecast period (2019-2025). The increasing investment by companies is the key factor to propel the growth of the electric-two-wheeler industry in Asia-Pacific. In January 2021, Kabira Mobility, a Goa-based electric vehicle startup announced to launch KM 3000 and KM 4000 electric bikes nationwide in February 2021. It will be the ‘Made in India’ high-speed Electric Bikes with no range problem. Both models are sports bikes that can run at a maximum speed of 120kmph and will have a riding range of 150km in a single charge.
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Apart from it, in January 2021, Wardwizard Innovations & Mobility Ltd, a Vadodara Gujarat based manufacturing company of electric two-wheelers, has invested around $6.1 million in the plant to manufacture more than 100,000 two-wheelers per year. The company has launched 4 models of electric two-wheelers including beast, thunderbolt, hurricane, and skyline.
Moreover, in February 2021, Niu Technologies announced that it will supply an electric vehicle to Gojek, an Indonesian company, this will increase the market share of Niu in the region. Niu sold 600,892 electric two-wheelers globally in 2019 which is increased by around 43%. Further, in January 2021, Okinawa Autotech Pvt. Ltd launched electric two-wheelers Dual in India. Okinawa dual will be available in two colors including Fire Red and Sunshine yellow. Okinawa Dual features include a top speed of 25kmph and are powered by a 250-watt electric motor. Such investments by the electric two-wheeler companies present the future opportunity for the growth of the Asia-Pacific electric two-wheeler market.
Market Coverage
- Market number available for – 2018-2025
- Base year- 2018
- Forecast period- 2019-2025
- Segment Covered- By Battery Type, By Product Type
- Region Covered- Asia-Pacific
- Competitive Landscape- Fujikom Corp. Co., Ltd., Okinawa Autotech Pvt. Ltd., Panasonic Corp., and Terra Motors Corp.
Asia-Pacific Electric Two-Wheeler Market Report Segment
By Product Type
- Scooter
- Motorcycle
By Battery Type
- NiMH
- Li-ion
- Others
Asia-Pacific Electric Two-Wheeler Market Countries Covered
- China
- Japan
- India
- Rest of Asia-Pacific
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
