Electric Two Wheeler Charging Station Market - Growth, Trends, COVID-19 Impact, and Forecast (2021 - 2026)

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

Market Snapshot

Electric two-wheeler charging station market_overview
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: North America
Largest Market: Asia Pacific
CAGR: >30 %

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Market Overview

The Electric Two Wheeler Charging Station Market is anticipated to register a CAGR of around 30% during the forecast period (2021 - 2026).

The impact of COVID-19 pandemic on Electric two-wheeler charging station market was deleterious with subsequent shutdowns of manufacturing units and halt of infrastructure development by government of various countries across the world. However, owing to the growing need for sustainable transportation and increasing awareness of customers towards electric two wheelers likely to fuel growth of market during forecast period.

Increasing investments by governments across the globe to develop charging infrastructure and incentives offered to buyers will create opportunities for OEMs to expand their footprint across various regions. The market in 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 as a necessity for increasing two wheeler vehicle sales in the region.

North America is expected to be fastest growing market during forecast period due to various government initiatives and growing high-performance E-Motorcycle segment. In addition, 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.

Scope of the Report

Electric two-wheelers, primarily comprising 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 report covers the latest trends, covid-19 impact followed by technological developments in the market.

The scope of the report covers segmentation based on Vehicle type and Geography. By Vehicle type, the market is segmented into Electric Scooters / Motorcycles and E-bike and By Geography, the market is segmented into North America, Europe, Asia-Pacific and Rest of the world. For each segment, market sizing and forecast have been done on basis of value (USD billion).

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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Key Market Trends

Rising Government Initiatives To Encourage Electric Charging Stations Growth

The Electric two-wheeler charging stations market is expected to grow with time and with growing support from government bodies of different countries. Many countries have recognized the need to go electric to reduce the increasing pollution from automobiles, with the US and China already gearing up to electric vehicles.

These countries have taken initiatives to improve the charging network across their states for ease of switching to Electric Vehicles and promoted this segment using incentives, tax rebates, preferential policies etc. China, US and some European countries have subsidized the setting up cost of Electric two wheeler charging stations at residential complexes, semi public areas, private homes etc.

China is active player in Asia- pacific region and it focuses on improving the charging facility infrastructure in the country. The Japnese, Korean Governments have also come up with measures to improve the number of electric vehicle charging points across their countries in the coming years. The Indian government has also announced plans to equip 69,000 Electric Vehicle charging stations across india as part of its first phase of Electric Vehicle infrastructure growth, whichlikely to boost demand for electirc vehicle charging stations by 2026.

Electric two- wheeler Charging station Market _trend1

Asia Pacific Region Expected To Witness Significant Growth

Asia Pacific region likely to hold significant market share in 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 the carbon footprints by encouraging the use of electric bikes, electric vehicles, and bicycles, owing to increase in awareness toward 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 stations development during forecast period.

China has spent approximately USD 2.4 billion till 2020 to improve the charging facility infrastructure in the country. The Indian government is taking initiatives such as FAME-II, offering subsidies and tax exemptions to buyers to promote electric two-wheelers in the country thereby initiating basic necessities like charging points at various locations in country. These aforementioned factors likely to drive the growth of market during forecast period in Asia-pacific region.

Electric Two Wheeler Charging Station Market _geography

Competitive Landscape

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., BP Chargemaster, EVGO Services LLC. Companies are entering into agreement/collaboration/acquisition and new product development strategies to broaden its customer base in emerging markets and to keep themselves aligned with its competitors. For instance,

  • In September 2019, Hyundai and its subsidiary Kia announced that they acquired a minority stake in Ola Electric Mobility. The move came in six months after automobile manufacturers invested USD 300.0 million in Ola Electric with a goal to manufacture India-specific electric vehicles, charging infrastructure, and mobility solutions.
  • In November 2019, the Ennet Corporation entered into an agreement with Israeli software specialist Driivz to provide intelligent electric vehicle charging services to Japan. Driivz would offer smart charging software, which comprises platform modules, along with an app that would help the Japanese utility to extend the services.

Recent Developments

  1. In May 2020, CAKE 0 Emission AB partnered with Polestar that enabled CAKE enterprise to manufacture and distribute the new models of its electric motorcycles using Polestar’s retail outlets in the European region, making the electric motorcycles and its charging infrastructure grow in that region.
  2. In March 2020, Sygic, the worldwide navigation leader, entered into a partnership with Plug surfing, the largest charging network provider in Europe, with more than 150,000 charging points in 38 nations.

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

    2. 4.2 Market Restraints

    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

    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 ChargePoint Inc

      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 Greenlots

      8. 6.2.8 EV Connect

      9. 6.2.9 Electrify America LLC

      10. 6.2.10 Siemens AG

      11. 6.2.11 Schneider Electric SE

      12. 6.2.12 Efacec Power Solutions

      13. 6.2.13 Blink Charging Co.

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS **

**Subject to Availability

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Frequently Asked Questions

The Electric Two Wheeler Charging Station Market market is studied from 2018 - 2026.

The Electric Two Wheeler Charging Station Market is growing at a CAGR of >30% over the next 5 years.

North America is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

BP Chargemaster, Tesla, Inc., ABB Ltd, ChargePoint, Inc., evgo services llc are the major companies operating in Electric Two Wheeler Charging Station Market.

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