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Electric Two-wheeler Market Size By Vehicle Type (Electric Motorcycle [Urban, Cruiser, Café-racer, Off-road], Electric Scooter, E-bikes, Electric Kick Scooter), By Battery (SLA, Li-ion), By Motor Placement (Hub Motor [Gear, Gearless], Frame-mounted Motor), By Motor Power (48V, 60V, 72V), By Motor Speed (Below 3.5 kW, 3.5 kW – 6.5 kW, Above 6.5 kW), COVID-19 Impact Analysis, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2022 – 2030

  • Report ID: GMI5304
  • Published Date: Aug 2022
  • Report Format: PDF

E-Bikes Industry Statistics

Electric Two-wheeler Market size valued at USD 65 billion in 2021 and is projected to expand at over 5% CAGR from 2022 to 2030. Rising demand for electric mobility across the globe will boost the industry growth.

Electric Two-wheeler Market Overview

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Increasing emphasis on the utilization of clean energy and the proliferating demand for personal mobility are likely to stimulate the electric two-wheeler market demand. Driven by the growing concerns about minimizing the environmental impact and CO2 and GHG emissions, governments across the globe have brought about initiatives that offer incentives for adopting electric vehicles. They are further collaborating with regional participants to establish an adequate charging infrastructure to help people transition towards e-mobility.

Expanding urban infrastructure to fuel the demand for E-bikes

The e-bikes segment in the electric two-wheeler market dominated with more than 45% of the revenue share in 2021. The growth is attributed to increasing pace of urbanization and infrastructure development across developed and developing economies. In addition, the rollout of several government-backed initiatives coupled with the rapid upsurge in demand for safer, more affordable, and practical alternatives to public commute.

Li-ion batteries to drive lucrative gains due to growing ecological concerns

Electric Two-wheeler Market Size

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The electric two-wheeler market from li-ion batteries segment is estimated to attain 5.5% growth rate till 2030 impelled by the increasing number of people transitioning from fuel-based to electric vehicles. The mobility shift gained momentum owing to the rising environmental concerns and skyrocketing fuel prices. These batteries have higher energy efficiency and take up lesser charging time, offering them a competitive edge over their counterparts.

Portfolio expansion to push the growth of hub motors

In 2021, the hub motors segment contributed for a revenue share of about 70% in the global electric two-wheeler market. Escalating efforts of leading players towards expanding and improving product offerings is likely to augment the segment growth. The hub motor is positioned in the wheel hub in the front wheel of the two-wheeler. This placement helps it establish a direct connection with the ground.

State-of-the-art technologies to propel the sales of 48V batteries

The 48V motor power segment held above 35% of the electric two-wheeler market share in 2021. These batteries deliver better acceleration and higher power output. Additionally, they also significantly help in lowering power lag. These attributes, along with the consistent technological advancements such as the integration of regenerative braking, make them ideal for application in electric motorcycles, bikes, and scooters.

Increasing EV sales to foster the demand for 3.5KW-6.5KW power motor

The electric two-wheeler market from the 3.5KW to 6.5KW motor speed segment accounted for around USD 14 billion in 2021. The segment progression is driven by rising utilization of these power motors across electric two-wheelers. Some of the prominent companies, such as Bosch Mobility, have been offering products such as the 4KW small, three-phase, fully sealed permanent magnet motor, which provides strong acceleration and exceptional torque capabilities. Its adjustable placement in the vehicle streamlines the integration of several vehicle designs and concepts.

Surging e-mobility trends to bring about lucrative opportunities in Europe

Europe E-Bike Market

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The European electric two-wheeler market revenue is poised to grow at 7% CAGR through 2030, credited to the supportive policy framework and the surging production and sales of electric vehicles. Germany is likely to become a major growth contributor due to increasing EV fleets and a positive economic growth outlook. As per the European Environment Agency, the battery electric vehicle (BEV) registration in Germany, the UK, and France held nearly 60% of the total BEV registrations in 2020, growing over three folds since 2019. The expansion of appropriate vehicle charging infrastructure will further support the regional adoption.

Strategic alliances among major industry participants

Top companies operating in the electric two-wheeler market include Niu Technologies, Yadea Group Holdings Ltd., Giant Bicycles, Segway, Inc., and Zero Motorcycles, among others, including Hero Electric, SUNRA, Okinawa Autotech Pvt. Ltd., and Vmoto Limited.  These players are focusing on strengthening their strategic alliances with prominent OEMs to offer products that meet the industry requirements.

Impact of COVID-19 on the electric two-wheeler market

The industry faced numerous disruptions ranging from halted industrial operations to scarcity of raw materials to supply chain bottlenecks during the initial months of the COVID-19 crisis. However, post-pandemic, the demand for cost-effective and eco-friendly personal vehicles gained momentum owing to growing infection anxiety, increasing health concerns, and strict regulations pertaining to social distancing. Moreover, the easing of movement restrictions helped remove trade barriers, posing a profound impact on the industry growth.

The electric two-wheeler market report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD billion from 2018 to 2030, for the following segments:

Market, By Product

  • Electric Motorcycle
    • Urban
    • Cruiser
    • Café-racer
    • Off-road
  • Electric Scooter
  • E-bikes
  • Electric Kick Scooter

Market, By Battery

  • SLA
  • Li-ion

Market, By Motor Placement

  • Hub Motor
    • Gear
    • Gearless
  • Frame-mounted Motor

Market, By Motor Power

  • 48V
  • 60V
  • 72V
  • Others

Market, By Motor Speed

  • Below 3.5 kW
  • 3.5 kW – 6.5 kW
  • Above 6.5 kW

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Poland
    • Netherlands
    • Belgium
    • Czech Republic
    • Austria
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
    • Malaysia
    • Indonesia
    • Thailand
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • MEA
    • UAE
    • Saudi Arabia
    • South Africa


Authors: Preeti Wadhwani, Prasenjit Saha

Frequently Asked Questions (FAQ) :

The market size of e-bikes worth USD 65 billion in 2021 and is set to progress at over 5% CAGR through 2030.

The Li-ion battery segment could depict over 5.5% CAGR between 2022 and 2030 due to escalating shift towards electric vehicles.

Europe electric two-wheeler industry may exhibit a CAGR of more than 7% through 2030 due to favorable government policies and expanding charging infrastructure.

The hub motor segment held over 70% of the revenue share in 2021 and may further expand due to increasing efforts toward product line development.

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 20
  • Tables & Figures: 985
  • Countries covered: 26
  • Pages: 550

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