The India Electric Two-Wheeler Market is expected to expand at a CAGR of over 40% from 2018 to 2025, end of the forecast period. New entrants and various unorganized players are expected to disrupt the market
Electric two-wheelers are gaining traction in India especially among the younger population. So many of best companies that are yet to launch their electric two wheelers models in India. Like Joy E-Bike.
India Electric Two-wheeler Market Report provides a forecast that is estimated to grow at a CAGR of more than 23% during FY2018E–FY2023F. See Full Report: https://goo.gl/8tkctA
India Electric Two-Wheeler market is expected to grow with a CAGR over 40% during the forecast period 2018-2025, owing to strict emission norms and regulations, government incentives, and increasing environmental awareness. The emissions from conventional gasoline based vehicles cause environmental degradation. The government has started various measures for regulating carbon emissions, thereby indirectly driving the sales of electric scooters and motorcycles in the country. Moreover, the government also prolongs its support for these vehicles in the form of subsidies, thus, encouraging the adoption of these vehicles, as ‘good replacement’ of old conventional ones.
In an intresting update - Ministry of Heavy Industries halt the FAME-II subsidy for Okinawa and Hero Electric which together holds more than 30% of Market share in Electric twowheeler segment.
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The global two-wheeler hub motor market revenue is predicted to advance at a CAGR of 9.8% during the forecast period (2019—2024) and grow in valuation from $4,838.5 million to more than $8,458.7 million from 2018 to 2024.
Global Two Wheeler Market Size is anticipated to expand at a compound annual growth rate of XX% during the forecast period i.e. 2016-2024. However, Chinese two-wheeler market was on the decline for various reasons. The most evident was the rise in demand for cars in the country and high import cost on two-wheelers made it difficult for the bike-makers to cater to the segment. This resulted in the down-grade of the two-wheeler segment in the country. To get more details read our report: https://bit.ly/2FyNbKS
Geographically, the Asia-Pacific (APAC) region held the largest share in the two-wheeler logistics market in 2020, and it is predicted to be the fastest-growing region throughout the forecast period as well.