Electric Two Wheeler Charging Station Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Global Electric Two-Wheeler charging station market has been segmented into Vehicle type (Electric Scooters / Motorcycles and E-bike) and Geography (North America, Europe, Asia-Pacific, and the Rest of the world). The report offers market size and forecast for the Electric Two-Wheeler Charging Station market in value (USD) for all the above segments.

Electric Two Wheeler Charging Station Market Size

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Electric Two Wheeler Charging Station Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 30.28 %
Fastest Growing Market North America
Largest Market Asia Pacific
Market Concentration High

Major Players

Electric Two Wheeler Charging Station Market

*Disclaimer: Major Players sorted in no particular order

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Electric Two Wheeler Charging Station Market Analysis

The electric two-wheeler charging station market is valued at around USD 2.5 billion, and it is expected to reach USD 20.9 billion, registering a CAGR of 30.28% during the forecast period.

  • The impact of the COVID-19 pandemic on the Electric two-wheeler charging station market was deleterious, with subsequent shutdowns of manufacturing units and a halt of infrastructure development by the governments of various countries across the world. However, owing to the growing need for sustainable transportation and increasing awareness of customers towards electric two-wheelers, the growth of the market was expected to be fueled during the forecast period.
  • Increasing investments by governments across the globe to develop charging infrastructure and incentives offered to buyers will create opportunities for original equipment manufacturers (OEMs) to expand their footprint across various regions. The market in the Asia Pacific is projected to experience steady growth owing to the high demand for energy-efficient and emission-free electric two-wheelers making charging infrastructure a necessity for increasing two-wheeler vehicle sales in the region.
  • North America is expected to be the fastest-growing market during the forecast period due to various government initiatives and the growing high-performance e-motorcycle segment. In addition, the growing female rider population and increasing number of international players are some of the other factors that would drive the region's electric two-wheeler charging station market.

Electric Two Wheeler Charging Station Market Trends

Emergence Of Smart Charging Solutions To Encourage Electric Charging Stations Growth

  • One significant trend in the electric two-wheeler charging market is the emergence of smart charging solutions. Smart charging refers to the integration of advanced technologies and digital capabilities into electric vehicle charging infrastructure, enabling more efficient and intelligent charging processes.
  • Smart charging solutions offer several benefits and address various challenges associated with electric two-wheeler charging. Smart charging systems have the capability to manage the charging load by adjusting the charging rate based on the electricity grid's demand. By optimizing the charging process, these systems can help balance the electricity grid, reduce peak demand, and avoid overloading the grid infrastructure. 
  • A study by the European Union's Joint Research Centre suggests that smart charging could reduce the peak electricity demand from electric vehicles by up to 30%. Smart charging solutions can take advantage of dynamic pricing models and time-of-use tariffs. They enable charging stations to communicate with the grid and optimize charging based on electricity pricing. Users can take advantage of lower electricity rates during off-peak hours, incentivizing them to charge their electric two-wheelers at specific times. The adoption of smart charging solutions is driven by advancements in connectivity, data analytics, and the Internet of Things (IoT). These technologies enable seamless communication between charging infrastructure, electric two-wheelers, and the electricity grid, creating a more intelligent and efficient charging ecosystem.
  • The trend towards smart charging solutions in the electric two-wheeler charging market is expected to enhance charging infrastructure performance, grid integration, and user experience, further accelerating the transition toward sustainable electric mobility.
Electric Two Wheeler Charging Station Market: Projected Global Electric Motorcycle Market Size, USD Billion, 2024 - 2028

Asia Pacific Region Expected To Witness Significant Growth

  • Asia-Pacific region is likely to hold a significant market share in the Electric two-wheeler electric charging station market during the forecast period. In this region, China, Japan, India, and South Korea are anticipated to act as potential markets due to increasing e-bike sales in these countries. Governments of various countries are taking initiatives to reduce their carbon footprints by encouraging the use of electric bikes, electric vehicles, and bicycles, owing to an increase in awareness of the hazardous effects of using vehicles running on fossil fuels.
  • Large sales production and sales volumes in China, growing demand for affordable electric scooters for short-distance commuting, and governments promoting electric two-wheelers are expected to drive the Asia Pacific market during the forecast period. China's rapidly growing economy is driving the expansion of advanced technologies to improve electrification in the country, boosting charging station development during the forecast period.
  • The Indian two-wheeler charging station market is likely to have positive growth in the near future due to the growing demand for electric vehicles in the country and the need for EV charging infrastructure in scarcely populated areas in the country. Moreover, the rapid implementation of stringent government regulations to curb automobile emissions and increase battery efficiency has catalyzed the demand for e-scooters and motorcycles in the automobile industry, increasing the demand for charging infrastructure.
  • Players operating in the market are expanding their foothold to dominate the market. For instance, in March 2022, Automovil, the mobility start-up in India, announced that it planned to establish 500 EV charging stations in 11 cities in India. The company has partnered with Midgard Electric as the EV charging partner to install Bharat AC-001 and DC-001 EV chargers for Automovil'soutlets.
  • In March 2022, Exicom, the power solutions, and telecom equipment company, announced that it has installed around 5000 EV charging stations in 200 cities in India. The company has installed around 3600AC and 1400DC fast chargers in places like bus depots, public charging stations, households, residential communities, etc.
Electric Two Wheeler Charging Station Market - Growth Rate (%) By Region (2023 - 2028)

Electric Two Wheeler Charging Station Industry Overview

The Electric Two Wheeler Charging Station Market is consolidated due to the presence of major key players such as Chargepoint Inc, ABB Ltd, Tesla Inc., Delta Electronics Inc., Schneider Electric SE, Chargemaster Limited (bp pulse), and EVGO Services LLC. Companies are entering into agreements/collaboration/acquisitions and new product development strategies to broaden their customer base in emerging markets and to keep themselves aligned with their competitors.

For instance, in September 2022, ABB E-Mobility, the electric vehicle charging solutions subsidiary of ABB Ltd., announced that it would set up a new manufacturing facility for electric vehicle chargers in Columbia, South Carolina, in the United States. The plant will have a capacity of manufacturing 10000 EV chargers per annum for public charging, school buses, and fleets and create more than 130 new jobs. The plant is expected to be operational in early 2023.

In April 2022, bp pulse and Volkswagen Group announced a strategic partnership to build a fast-charging network across Europe. By the end of 2024, the partnership could result in up to 8,000 more charging stations across Germany, the United Kingdom, and other European countries.

Electric Two Wheeler Charging Station Market Leaders

  1. Tesla, Inc.

  2. ABB Ltd

  3. ChargePoint, Inc.

  4. Delta Electronics Inc.

  5. Schneider Electric SE​

*Disclaimer: Major Players sorted in no particular order

Electric Two Wheeler Charging Station Market Concentration
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Electric Two Wheeler Charging Station Market News

  • October 2022: Ather Energy announced it would install 820 more grids across by end-FY2023 across India. The charging network is supported by the Ather Grid app, which allows all-electric vehicle (EV0 owners to locate and check the availability of the nearest charging stations in real time.
  • May 2022: ABB announced that its E-mobility division has agreed to acquire a controlling stake in Numocity, a leading digital platform for electric vehicle charging in India. ABB will increase its shareholding to a controlling majority of 72 percent and has the right to become the sole owner by 2026.

Electric Two Wheeler Charging Station Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

      1. 4.1.1 Increasing Investments In Electric Vehicles

    2. 4.2 Market Restraints

      1. 4.2.1 High Cost Of Setting Up a Charging Station

    3. 4.3 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.3.1 Bargaining power of suppliers

      2. 4.3.2 Bargaining Power of Consumers

      3. 4.3.3 Threat of New Entrants

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size in Value in USD Billion)

    1. 5.1 Vehicle Type

      1. 5.1.1 Electric Scooters/ Motorcycles

      2. 5.1.2 E - bikes

    2. 5.2 Geography

      1. 5.2.1 North America

        1. 5.2.1.1 United States

        2. 5.2.1.2 Canada

        3. 5.2.1.3 Rest of North America

      2. 5.2.2 Europe

        1. 5.2.2.1 Germany

        2. 5.2.2.2 United Kingdom

        3. 5.2.2.3 France

        4. 5.2.2.4 Italy

        5. 5.2.2.5 Rest of Europe

      3. 5.2.3 Asia - Pacific

        1. 5.2.3.1 India

        2. 5.2.3.2 China

        3. 5.2.3.3 Japan

        4. 5.2.3.4 South Korea

        5. 5.2.3.5 Rest of Asia-Pacific

      4. 5.2.4 Rest of the World

        1. 5.2.4.1 South America

        2. 5.2.4.2 Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles *

      1. 6.2.1 Shell Recharge Solutions

      2. 6.2.2 Tesla Inc.

      3. 6.2.3 ABB Ltd.

      4. 6.2.4 BP Chargemaster

      5. 6.2.5 EVGO Services LLC

      6. 6.2.6 Semaconnect Network

      7. 6.2.7 EV Connect

      8. 6.2.8 Electrify America LLC

      9. 6.2.9 Siemens AG

      10. 6.2.10 Schneider Electric SE

      11. 6.2.11 Efacec Power Solutions

      12. 6.2.12 Blink Charging Co.

      13. 6.2.13

      14. 6.2.14

      15. 6.2.15

      16. 6.2.16

      17. 6.2.17

      18. 6.2.18

      19. 6.2.19

      20. 6.2.20

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS **

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Electric Two Wheeler Charging Station Industry Segmentation

Electric two-wheelers, primarily comprised of scooters/motorcycles and bikes, operate with the help of battery-based electric motors. Electric two-wheeler charging infrastructure is a system that consists of charging stations and battery swap stations to recharge electric vehicles.

The electric two-wheeler charging station market has been segmented by vehicle type (electric scooters / motorcycles and e-bikes) and by geography (North America, Europe, Asia-Pacific, and the rest of the world). 

The report offers market size and forecasts for all the above segments in value (USD).

.

Vehicle Type
Electric Scooters/ Motorcycles
E - bikes
Geography
North America
United States
Canada
Rest of North America
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
Asia - Pacific
India
China
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
South America
Middle East & Africa
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Electric Two Wheeler Charging Station Market Research FAQs

The Electric Two Wheeler Charging Station Market is projected to register a CAGR of 30.28% during the forecast period (2024-2029)

Tesla, Inc., ABB Ltd, ChargePoint, Inc., Delta Electronics Inc. and Schneider Electric SE​ are the major companies operating in the Electric Two Wheeler Charging Station Market.

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia Pacific accounts for the largest market share in Electric Two Wheeler Charging Station Market.

The report covers the Electric Two Wheeler Charging Station Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Electric Two Wheeler Charging Station Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Electric Two Wheeler Charging Station Industry Report

Statistics for the 2024 Electric Two Wheeler Charging Station market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Electric Two Wheeler Charging Station analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Electric Two Wheeler Charging Station Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)