Asia Pacific Electric Two-Wheeler Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030

The Asia Pacific Electric Two-Wheeler Market is segmented by Propulsion Type (Hybrid and Electric Vehicles) and by Country (China, India, Japan, South Korea). The report offers market size in both market value in USD and market volume in unit. Further, the report includes a market split by Vehicle Type, Vehicle Configuration, Vehicle Body Type, Propulsion Type, and Fuel Category.

Asia Pacific Electric Two-Wheeler Market Size

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Asia Pacific Electric Two-Wheeler Market Summary
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Icons Lable Value
https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2030
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 102.5 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2030) USD 173.4 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Propulsion Type ICE
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2030) 9.16 %
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Country China

Major Players

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*Disclaimer: Major Players sorted in alphabetical order.

Key Players

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Asia Pacific Electric Two-Wheeler Market Analysis

The Asia Pacific Electric Two-Wheeler Market size is estimated at 102.5 billion USD in 2024, and is expected to reach 173.4 billion USD by 2030, growing at a CAGR of 9.16% during the forecast period (2024-2030).

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102.5 Billion

Market Size in 2024 (USD)

173.4 Billion

Market Size in 2030 (USD)

13.59 %

CAGR (2017-2023)

9.16 %

CAGR (2024-2030)

Fastest-growing Segment by Country

21.12 %

Projected CAGR, India, 2024-2030

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The country is the fastest-growing segment due to increasing government support for electric vehicles, expanding charging infrastructure, and rising consumer awareness about the benefits of EVs.

Largest Segment by Country

75.84 %

value share, China, 2023

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China leads the electric two-wheeler market due to its large population, significant manufacturing capacity, and high consumer demand for affordable and efficient personal transportation.

Leading Market Player

16.41 %

market share, Yadea Group Holdings Ltd., 2023

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Yadea leads the market with its extensive range of electric two-wheelers, advanced technology, and strong commitment to sustainability, making it a top choice for consumers in the Asia-Pacific region.

Second leading Market Player

13.29 %

market share, Dongguan Tailing Electric Vehicle Co. Ltd., 2023

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Dongguan Tailing holds a significant market share due to its innovative electric two-wheeler models, strong manufacturing capabilities, and commitment to expanding its market presence in the APAC region.

Third Leading Market Player

12.42 %

market share, Zhejiang Luyuan Electric Vehicle, 2023

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Zhejiang Luyuan is a key player due to its diverse portfolio of electric two-wheelers, advanced manufacturing processes, and focus on providing quality and performance in the Asia-Pacific market.

The two-wheeler market in Asia-Pacific is experiencing a significant shift toward electric mobility, fueled by environmental concerns, government support, and technological advancements

  • Electric two-wheelers are gaining rapid traction across Asia-Pacific, driven by the region's escalating environmental awareness, supportive government policies in the form of subsidies and incentives, and the increasing affordability and performance of electric vehicles. China leads this charge, boasting the world's largest E2W market due to early government interventions aimed at pollution control and the establishment of a comprehensive EV ecosystem. India is emerging as another significant market, with ambitious targets for electric mobility adoption spurred by policy initiatives like FAME India and state-level incentives.
  • The popularity of E2Ws in these countries is attributed to their environmental benefits and lower operational costs compared to ICE vehicles. However, ICE two-wheelers continue to dominate the market in several Asia-Pacific countries, especially where electric infrastructure is still developing or where government incentives for E2Ws are less pronounced. In countries like Vietnam, Indonesia, and the Philippines, the vast majority of two-wheelers run on gasoline, primarily due to their affordability, wide availability, and a well-established network for maintenance and fueling.
  • The future of the two-wheeler market in Asia-Pacific is likely to be shaped by several factors, including technological advancements in battery and charging infrastructure, government policies aimed at reducing carbon emissions, and consumer attitudes toward mobility and environmental sustainability. While ICE two-wheelers are expected to remain relevant in the near term, especially in emerging economies, the shift toward electric mobility is undeniable and will continue to reshape the market dynamics in Asia-Pacific.

Asia Pacific Electric Two-Wheeler Market Trends

APAC's rapid electric vehicle demand and sales growth are driven by government initiatives and commercial vehicle electrification

  • Electric vehicle (EV) demand and sales have surged in the APAC region in recent years. China, the dominant market, saw a 2.90% rise in electric car sales in 2022 compared to 2021, while Japan experienced an 11.11% increase during the same period. Factors driving this trend include mounting environmental concerns, stringent regulations, and the advantages of EVs, such as fuel efficiency, lower maintenance costs, and zero carbon emissions. Government subsidies further bolster the adoption of EVs in Asian nations.
  • Conventional fuel-powered commercial vehicles, notably trucks and buses, are contributing to the escalating pollution levels in several Asia-Pacific countries. In response, many nations in the region are making substantial investments to transition their internal combustion engine (ICE) vehicles to electric ones, aiming to curb carbon emissions. For instance, in December 2020, TransJakarta, a city-owned bus operator in Indonesia, unveiled an ambitious plan to expand its electric bus (e-bus) fleet to 10,000 units by 2030. Such initiatives across the region are propelling the electrification of commercial vehicles.
  • Government bodies in various APAC countries are actively proposing measures to phase out fossil fuel vehicles, a move that is poised to bolster the market for electric commercial vehicles. In a notable development, in May 2022, Tata Motors secured a government contract in India to supply 5,450 electric buses worth INR 5,000 crore under the FAME 2 scheme. Additionally, the company announced plans to deliver 20,000 light electric trucks to six major e-commerce players. These advancements in the EV space are anticipated to further fuel the demand for electric commercial vehicles in the APAC region from 2024 to 2030.
Asia Pacific Electric Two-Wheeler Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • Countries like Australia, India, and Indonesia project a steady upward trajectory in GDP per capita, suggesting robust economic strategies and potential investment in the automotive sectors
  • The Asia-Pacific's diverse consumer spending trends on vehicle purchases not only reflect the region's evolving economic conditions but also highlight the shifting consumer preferences and vehicular market dynamics across countries
  • Asia-Pacific's auto loan interest rates reflected varying national economic strategies, with some countries emphasizing stimulation while others took a more conservative stance
  • The demand for EVs in the Asia-Pacific region is fueled by falling battery prices
  • Asia-Pacific's fuel prices have been influenced by global events, with recent rises due to economic recovery and demand resurgence and future trends leaning toward stabilization amid a transition to sustainable energy solutions
  • Asia-Pacific displays a panorama of economic evolution: from the relentless pursuits of emerging economies to the recalibrations of established ones, painting a picture of resilience, adaptation, and ambition
  • Asia-Pacific’s varied inflation rates reflect the diverse economic challenges and responses of each nation, from battling pandemic-induced fluctuations to aiming for future stability through strategic economic policies
  • The Asia-Pacific region's EV infrastructure has seen remarkable growth, with China leading the charge, India showing immense potential, and other nations steadily catching up, promising a robust EV future
  • The surging demand for electric vehicles (EVs) in Asia is prompting global automakers to introduce new offerings, thereby expanding the EV and battery pack market

Asia Pacific Electric Two-Wheeler Industry Overview

The Asia Pacific Electric Two-Wheeler Market is moderately consolidated, with the top five companies occupying 50.90%. The major players in this market are Dongguan Tailing Electric Vehicle Co. Ltd., Gogoro Limited, Yadea Group Holdings Ltd., Yamaha Motor Company Limited and Zhejiang Luyuan Electric Vehicle (sorted alphabetically).

Asia Pacific Electric Two-Wheeler Market Leaders

  1. Dongguan Tailing Electric Vehicle Co. Ltd.

  2. Gogoro Limited

  3. Yadea Group Holdings Ltd.

  4. Yamaha Motor Company Limited

  5. Zhejiang Luyuan Electric Vehicle

Asia Pacific Electric Two-Wheeler Market Concentration

Other important companies include Ampere Vehicles Private Limited, Ather Energy Pvt. Ltd., Bajaj Auto Ltd., Hero Electric Vehicles Pvt. Ltd., NIU Technologies, Okinawa Autotech Pvt. Ltd., Ola Electric Mobility Pvt. Ltd., REVOLT Intellicorp Pvt. Ltd., TVS Motor Company Limited.

*Disclaimer: Major Players sorted in alphabetical order.

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Asia Pacific Electric Two-Wheeler Market News

  • January 2023: Yadea, the world's leading electric two-wheeler brand, made its debut at the Consumer Electronics Show (CES) in Las Vegas, Nevada, unveiling a range of new products and technologies in its 2023 product launch.
  • September 2022: Gogoro Inc. announced the launch of its industry-leading battery swapping system and Smart scooters in the Tel Aviv metropolitan area. In partnership with market leaders Metro Motor and Paz Group, the companies expect to launch in other cities in Israel in the future.
  • August 2022: The company announced the establishment of a new R&D center, which it claims will help introduce new features, and improve quality, safety, and technological innovations for its products.

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For the Vehicle Hub report, we provide an extensive collection of over 150 free charts, delivering detailed insights on regional and country-level dynamics within the vehicle industry. This encompasses in-depth analyses of vehicle registrations, usage patterns in both consumer and business segments, and evaluations of various vehicle configurations and body types. The report delves into critical industrial trends such as shifts in vehicle production and distribution centers, changes in vehicle ownership costs, and advancements in automotive technologies. Further, our report offers comprehensive market segmentation by vehicle type, body type, propulsion, and fuel categories, providing a nuanced understanding of the market landscape. It also explores the adoption rate of new technologies, the impact of regulatory changes, and the influence of economic factors on the vehicle market. We include a thorough examination of key industry players, regulatory frameworks, and market size in terms of both revenue and unit sales, leading to strategic projections and forecasts that account for emerging trends and potential shifts in the industry.

Asia Pacific Electric Two-Wheeler Market
Asia Pacific Electric Two-Wheeler Market
Asia Pacific Electric Two-Wheeler Market
Asia Pacific Electric Two-Wheeler Market

Asia Pacific Electric Two-Wheeler Market Report - Table of Contents

  1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. REPORT OFFERS

  3. 1. INTRODUCTION

    1. 1.1. Study Assumptions & Market Definition

    2. 1.2. Scope of the Study​

    3. 1.3. Research Methodology

  4. 2. KEY INDUSTRY TRENDS

    1. 2.1. Population

    2. 2.2. GDP Per Capita

    3. 2.3. Consumer Spending For Vehicle Purchase (cvp)

    4. 2.4. Inflation

    5. 2.5. Interest Rate For Auto Loans

    6. 2.6. Impact Of Electrification

    7. 2.7. EV Charging Station

    8. 2.8. Battery Pack Price

    9. 2.9. New Xev Models Announced

    10. 2.10. Fuel Price

    11. 2.11. Regulatory Framework

    12. 2.12. Value Chain & Distribution Channel Analysis

  5. 3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)

    1. 3.1. Propulsion Type

      1. 3.1.1. Hybrid and Electric Vehicles

    2. 3.2. Country

      1. 3.2.1. China

      2. 3.2.2. India

      3. 3.2.3. Japan

      4. 3.2.4. South Korea

  6. 4. COMPETITIVE LANDSCAPE

    1. 4.1. Key Strategic Moves

    2. 4.2. Market Share Analysis

    3. 4.3. Company Landscape

    4. 4.4. Company Profiles

      1. 4.4.1. Ampere Vehicles Private Limited

      2. 4.4.2. Ather Energy Pvt. Ltd.

      3. 4.4.3. Bajaj Auto Ltd.

      4. 4.4.4. Dongguan Tailing Electric Vehicle Co. Ltd.

      5. 4.4.5. Gogoro Limited

      6. 4.4.6. Hero Electric Vehicles Pvt. Ltd.

      7. 4.4.7. NIU Technologies

      8. 4.4.8. Okinawa Autotech Pvt. Ltd.

      9. 4.4.9. Ola Electric Mobility Pvt. Ltd.

      10. 4.4.10. REVOLT Intellicorp Pvt. Ltd.

      11. 4.4.11. TVS Motor Company Limited

      12. 4.4.12. Yadea Group Holdings Ltd.

      13. 4.4.13. Yamaha Motor Company Limited

      14. 4.4.14. Zhejiang Luyuan Electric Vehicle

  7. 5. KEY STRATEGIC QUESTIONS FOR VEHICLES CEOS

  8. 6. APPENDIX

    1. 6.1. Global Overview

      1. 6.1.1. Overview

      2. 6.1.2. Porter’s Five Forces Framework

      3. 6.1.3. Global Value Chain Analysis

      4. 6.1.4. Market Dynamics (DROs)

    2. 6.2. Sources & References

    3. 6.3. List of Tables & Figures

    4. 6.4. Primary Insights

    5. 6.5. Data Pack

    6. 6.6. Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. POPULATION TRENDS, VOLUME IN UNITS, ASIA-PACIFIC, 2017 - 2030
  1. Figure 2:  
  2. GDP PER CAPITA AT CURRENT PRICES, VALUE IN USD, ASIA-PACIFIC, 2017 - 2030
  1. Figure 3:  
  2. AVERAGE CONSUMER SPENDING PER CAPITA ON PURCHASE OF VEHICLES, VALUE IN USD, ASIA-PACIFIC, 2017 - 2030
  1. Figure 4:  
  2. INFLATION RATE AT AVERAGE CONSUMER PRICES, PERCENTAGE CHANGE, ASIA-PACIFIC, 2017 - 2030
  1. Figure 5:  
  2. AUTO LOAN INTEREST RATES, PERCENTAGE, ASIA-PACIFIC, 2017 - 2022
  1. Figure 6:  
  2. ELECTRIC VEHICLE MARKET PENETRATION RATE, BY VEHICLE TYPE, PERCENTAGE OF VOLUME, ASIA-PACIFIC, 2017 - 2030
  1. Figure 7:  
  2. CHARGING STATION DEPLOYMENT, BY TYPE, VOLUME IN UNITS, ASIA-PACIFIC, 2017 - 2022
  1. Figure 8:  
  2. AVERAGE LITHIUM-ION BATTERY PACK PRICE, VALUE IN USD, ASIA-PACIFIC, 2017 - 2030
  1. Figure 9:  
  2. ANNOUNCEMENT OF NEW XEV MODELS, BY VEHICLE TYPE, VOLUME IN UNITS, ASIA-PACIFIC, 2023 - 2027
  1. Figure 10:  
  2. FUEL PRICE, BY FUEL TYPE, USD/LITER, ASIA-PACIFIC, 2017 - 2022
  1. Figure 11:  
  2. ASIA PACIFIC ELECTRIC TWO-WHEELER MARKET, VOLUME IN UNITS, 2017 - 2030
  1. Figure 12:  
  2. ASIA PACIFIC ELECTRIC TWO-WHEELER MARKET, VALUE IN USD, 2017 - 2030
  1. Figure 13:  
  2. ASIA PACIFIC ELECTRIC TWO-WHEELER MARKET, BY HYBRID AND ELECTRIC VEHICLES, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 14:  
  2. ASIA PACIFIC ELECTRIC TWO-WHEELER MARKET, BY HYBRID AND ELECTRIC VEHICLES, BY VALUE IN USD, 2017 - 2030
  1. Figure 15:  
  2. ASIA PACIFIC ELECTRIC TWO-WHEELER MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
  1. Figure 16:  
  2. ASIA PACIFIC ELECTRIC TWO-WHEELER MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 17:  
  2. ASIA PACIFIC ELECTRIC TWO-WHEELER MARKET, BY COUNTRY, BY VALUE IN USD, 2017 - 2030
  1. Figure 18:  
  2. ASIA PACIFIC ELECTRIC TWO-WHEELER MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 19:  
  2. ASIA PACIFIC ELECTRIC TWO-WHEELER MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 20:  
  2. ASIA PACIFIC ELECTRIC TWO-WHEELER MARKET, BY CHINA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 21:  
  2. ASIA PACIFIC ELECTRIC TWO-WHEELER MARKET, BY CHINA, BY VALUE IN USD, 2017 - 2030
  1. Figure 22:  
  2. ASIA PACIFIC ELECTRIC TWO-WHEELER MARKET, BY INDIA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 23:  
  2. ASIA PACIFIC ELECTRIC TWO-WHEELER MARKET, BY INDIA, BY VALUE IN USD, 2017 - 2030
  1. Figure 24:  
  2. ASIA PACIFIC ELECTRIC TWO-WHEELER MARKET, BY JAPAN, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 25:  
  2. ASIA PACIFIC ELECTRIC TWO-WHEELER MARKET, BY JAPAN, BY VALUE IN USD, 2017 - 2030
  1. Figure 26:  
  2. ASIA PACIFIC ELECTRIC TWO-WHEELER MARKET, BY SOUTH KOREA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 27:  
  2. ASIA PACIFIC ELECTRIC TWO-WHEELER MARKET, BY SOUTH KOREA, BY VALUE IN USD, 2017 - 2030
  1. Figure 28:  
  2. ASIA PACIFIC ELECTRIC TWO-WHEELER MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2017 - 2030
  1. Figure 29:  
  2. ASIA PACIFIC ELECTRIC TWO-WHEELER MARKET, MOST ADOPTED STRATEGIES, 2017 - 2030
  1. Figure 30:  
  2. ASIA PACIFIC ELECTRIC TWO-WHEELER MARKET SHARE(%), BY MAJOR PLAYERS, 2021

Asia Pacific Electric Two-Wheeler Industry Segmentation

Hybrid and Electric Vehicles are covered as segments by Propulsion Type. China, India, Japan, South Korea are covered as segments by Country.

Propulsion Type
Hybrid and Electric Vehicles
Country
China
India
Japan
South Korea
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Market Definition

  • Vehicle Type - The category covers motorized two-wheelers.
  • Vehicle Body Type - This includes Scooters and Motorcycles, while Kick-scooters and Bicycles are excluded.
  • Fuel Category - The category exclusively covers electric propulsion systems, while Internal Combustion Engines (ICE) are excluded.
Keyword Definition
Electric Vehicle (EV) A vehicle which uses one or more electric motors for propulsion. Includes cars, buses, and trucks. This term includes all-electric vehicles or battery electric vehicles and plug-in hybrid electric vehicles.
BEV A BEV relies completely on a battery and a motor for propulsion. The battery in the vehicle must be charged by plugging it into an outlet or public charging station. BEVs do not have an ICE and hence are pollution-free. They have a low cost of operation and reduced engine noise as compared to conventional fuel engines. However, they have a shorter range and higher prices than their equivalent gasoline models.
PEV A plug-in electric vehicle is an electric vehicle that can be externally charged and generally includes all-electric vehicles as well as plug-in hybrids.
Plug-in Hybrid EV A vehicle that can be powered either by an ICE or an electric motor. In contrast to normal hybrid EVs, they can be charged externally.
Internal combustion engine An engine in which the burning of fuels occurs in a confined space called a combustion chamber. Usually run with gasoline/petrol or diesel.
Hybrid EV A vehicle powered by an ICE in combination with one or more electric motors that use energy stored in batteries. These are continually recharged with power from the ICE and regenerative braking.
Commercial Vehicles Commercial vehicles are motorized road vehicles designed for transporting people or goods. The category includes light commercial vehicles (LCVs) and medium and heavy-duty vehicles (M&HCV).
Passenger Vehicles Passenger cars are electric motor– or engine-driven vehicles with at least four wheels. These vehicles are used for the transport of passengers and comprise no more than eight seats in addition to the driver’s seat.
Light Commercial Vehicles Commercial vehicles that weigh less than 6,000 lb (Class 1) and in the range of 6,001–10,000 lb (Class 2) are covered under this category.
M&HDT Commercial vehicles that weigh in the range of 10,001–14,000 lb (Class 3), 14,001–16,000 lb (Class 4), 16,001–19,500 lb (Class 5), 19,501–26,000 lb (Class 6), 26,001–33,000 lb (Class 7) and above 33,001 lb (Class 8) are covered under this category.
Bus A mode of transportation that typically refers to a large vehicle designed to carry passengers over long distances. This includes transit bus, school bus, shuttle bus, and trolleybuses.
Diesel It includes vehicles that use diesel as their primary fuel. A diesel engine vehicle have a compression-ignited injection system rather than the spark-ignited system used by most gasoline vehicles. In such vehicles, fuel is injected into the combustion chamber and ignited by the high temperature achieved when gas is greatly compressed.
Gasoline It includes vehicles that use gas/petrol as their primary fuel. A gasoline car typically uses a spark-ignited internal combustion engine. In such vehicles, fuel is injected into either the intake manifold or the combustion chamber, where it is combined with air, and the air/fuel mixture is ignited by the spark from a spark plug.
LPG It includes vehicles that use LPG as their primary fuel. Both dedicated and bi-fuel LPG vehicles are considered under the scope of the study.
CNG It includes vehicles that use CNG as their primary fuel. These are vehicles that operate like gasoline-powered vehicles with spark-ignited internal combustion engines.
HEV All the electric vehicles that use batteries and an internal combustion engine (ICE) as their primary source for propulsion are considered under this category. HEVs generally use a diesel-electric powertrain and are also known as hybrid diesel-electric vehicles. An HEV converts the vehicle momentum (kinetic energy) into electricity that recharges the battery when the vehicle slows down or stops. The battery of HEV cannot be charged using plug-in devices.
PHEV PHEVs are powered by a battery as well as an ICE. The battery can be charged through either regenerative breaking using the ICE or by plugging into some external charging source. PHEVs have a better range than BEVs but are comparatively less eco-friendly.
Hatchback These are compact-sized cars with a hatch-type door provided at the rear end.
Sedan These are usually two- or four-door passenger cars, with a separate area provided at the rear end for luggage.
SUV Popularly known as SUVs, these cars come with four-wheel drive, and usually have high ground clearance. These cars can also be used as off-road vehicles.
MPV These are multi-purpose vehicles (also called minivans) designed to carry a larger number of passengers. They carry between five and seven people and have room for luggage too. They are usually taller than the average family saloon car, to provide greater headroom and ease of access, and they are usually front-wheel drive.
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Research Methodology

Mordor Intelligence follows a four-step methodology in all its reports.

  • Step-1: Identify Key Variables: To build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built based on these variables.
  • Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. Market revenue is calculated by multiplying the sales volume with their respective average selling price (ASP). While estimating ASP factors like average inflation, market demand shift, manufacturing cost, technological advancement, and varying consumer preference, among others have been taken into account.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms.
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Asia Pacific Electric Two-Wheeler Market Research FAQs

The Asia Pacific Electric Two-Wheeler Market size is expected to reach USD 102.51 billion in 2024 and grow at a CAGR of 9.16% to reach USD 173.43 billion by 2030.

In 2024, the Asia Pacific Electric Two-Wheeler Market size is expected to reach USD 102.51 billion.

Dongguan Tailing Electric Vehicle Co. Ltd., Gogoro Limited, Yadea Group Holdings Ltd., Yamaha Motor Company Limited and Zhejiang Luyuan Electric Vehicle are the major companies operating in the Asia Pacific Electric Two-Wheeler Market.

In the Asia Pacific Electric Two-Wheeler Market, the ICE segment accounts for the largest share by propulsion type.

In 2024, China accounts for the largest share by country in the Asia Pacific Electric Two-Wheeler Market.

In 2023, the Asia Pacific Electric Two-Wheeler Market size was estimated at 102.51 billion. The report covers the Asia Pacific Electric Two-Wheeler Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia Pacific Electric Two-Wheeler Market size for years: 2024, 2025, 2026, 2027, 2028, 2029 and 2030.

APAC Electric Scooters & Motorcycles Industry Report

Statistics for the 2023 Asia Pacific Electric Two-Wheeler market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia Pacific Electric Two-Wheeler analysis includes a market forecast outlook to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Asia Pacific Electric Two-Wheeler Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030