DUBLIN--(BUSINESS WIRE)--The "India Electric Two-Wheeler Market, by Vehicle Type (Scooter and Motorcycle), by Battery Type (Lead Acid Battery, Lithium-ion Battery), by Voltage (36V, 48V, 60V, and 72V), By Technology ( Plug-in and Battery), by Region; Size and Forecast, 2014-2025" report has been added to ResearchAndMarkets.com's offering.
The emissions from conventional gasoline based vehicles cause environmental degradation and remained unaddressed. The government has started various measures for regulating carbon emissions, supporting the sales of electric scooters and motorcycles in the country.
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.
Moreover, the government also prolongs its support for these vehicles in the form of subsidies and encouraging the adoption of these vehicles, as good replacements of old conventional ones.
India Electric Two-Wheeler market is growing significantly on account of government support and several subsidies under its "FAME India" schemes, which support faster adoption of electric two-wheelers in the country.
Market anticipation about the more favorable environment for the development of electric two-wheelers industry under "FAME-II" is also expected to aid the electric two-wheeler market in India in the coming years.
The increasing number of electric two-wheeler manufacturers in India and their escalating focus on research & development to manufacturing technologically advanced and affordable electric two-wheelers is further expected to drive the Indian electric two-wheeler market over the forecast period.
Vehicle Type Analysis
Electric Motorcycle segment in the two-wheeler market is growing rapidly with a significant CAGR during the forecast period owing to its higher engine capacity and speed, and higher engine capacity.
Electric Scooter segment is growing with a significant CAGR during the forecast period owing to its environment-friendly and low maintenance features and thus, surging the growth of electric scooters.
Battery Type Analysis
Lithium-ion battery is expected to be the fastest growing segment in India during the forecast period owing to its declining prices, and lower environmental risk and longer life span as compared to the other batteries.
Lead Acid Battery segment dominates the market during the forecast period. Lead acid batteries are the most common and economical type of batteries used in electric vehicles.
Technology Type Analysis
Plug-In Electric Vehicles is growing rapidly with a healthy CAGR during the forecast period. It is a potentially important technology for reducing fossil fuel consumption and CO2 emissions. A PHEV uses stored electrical energy to propel the vehicle which reduces fuel consumption by the combustion engine. This provides an opportunity to drive primarily in electric mode and reduce emissions in congested cities around the world.
Battery Electric Vehicles (BEV) is growing with a significant CAGR. Factors such as growing demand for zero emission vehicles, government initiatives, and improved charging infrastructure are responsible for the growth of BEVs and thus, leading to the growth of battery market for BEVs. Battery electric vehicle is increasing their market share because they are the most viable way towards a clean and efficient transport system.
The India Electric Two-Wheeler market is dominated by a number of players, amongst them the major players are Hero Electric Vehicles Pvt. Ltd., Lohia Auto Industries, Electrotherm (India) Ltd., Avon Cycles Ltd., Okinawa Autotech Pvt. Ltd., NDS Eco Motors Private Limited, etc. Companies in this industry are following different strategies to strengthen their market position.
Key Topics Covered
1. Research Framework
1.1. Market Definition and Product Overview
1.2. Research Scope & Market segmentation
2. Research Methodology
2.1. Qualitative Research
2.2. Quantitative Research
2.3. Breakdown of Primary Research Respondents, By Region
2.4. Breakdown of Primary Research Respondents, By Industry Participants
2.5. Market Size Estimation
2.6. Assumption for the Study
2.7. Market Breakdown & Data Triangulation
3. Executive Summary
4. India Electric Two Wheeler Industry Insights
4.1. Industry Value Chain analysis
4.1.1. Vendor Matrix
4.2. Raw material analysis
4.3. Pricing Analysis
4.4. Industry impact and forces
4.4.1. Growth Drivers
4.4.2. Industry Challenges
4.5. Technological Landscape
4.6. Regulatory Framework
4.7. Company Market Share Analysis, 2017
4.8. Growth Potential Analysis, 2017
4.8.1. By Region
4.8.2. By Vehicle Types
4.8.3. By Technology
4.9. Strategic Outlook
4.10. Porter's Five forces analysis
4.11. PESTEL analysis
5. India Electric Two Wheeler Market Overview
5.1. Market Size & Forecast
5.1.1. By Value
5.1.2. By Volume
5.2. Market Share & Forecast
5.2.1. By Vehicle Type
5.2.2. By Battery Type
184.108.40.206. Lead Acid
220.127.116.11. Lithium-ion Battery
5.2.3. By Voltage
5.2.4. By Technology
5.2.5. By Region
18.104.22.168. North Region
22.214.171.124. South Region
126.96.36.199. East Region
188.8.131.52. West Region
6. India Electric Two Wheeler Market, By Vehicle Type
6.1. Key vehicle type Trends
6.3. Motor Cycle
7. India Electric Two Wheeler Market, By Battery Type
7.1. Key Trends
7.2. Lead Acid Battery
7.3. Lithium-ion Battery
8. India Electric Two Wheeler Market, By Voltage
8.1. Key Market Trends
9. India Electric Two Wheeler Market, By Voltage
9.1. Key Market Trends
10. India Electric Two Wheeler Market, By Region
10.1. Key Regional Trends
10.2. North Region
10.3. South Region
10.4. East Region
10.5. West Region
11. Company Profile
11.1. Hero Electric Vehicles Pvt. Ltd.
11.1.1. Company Overview
11.1.2. Financial Matrix
11.1.3. Key Product Landscape
11.1.4. Key Personnel
11.1.5. Key Competitors
11.1.6. Contact Address
11.1.7. SWOT Analysis
11.1.8. Strategic Outlook
11.2. Electrotherm (India) Ltd.
11.3. Ampere Vehicles Pvt Ltd.
11.4. Avon Cycles Ltd.
11.5. Lohia Auto Industries
11.6. Okinawa Autotech Pvt. Ltd.
11.7. Tunwal E-Bike India Pvt. Ltd.
11.8. Tork Motors Private Limited
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Related Topics: Motorcycles, Electric and Hybrid Vehicles