Surge in Global Two Wheelers Market Driven by Electrification and Regional Dynamics

Latest Developments (2024–2025)

“Global new registrations for electric two wheelers surpassed 7 million in 2024, up from 4 million in 2022,” IEA.

Key announcements include:

• Yadea’s USD 150 million plant in Indonesia, with a target output of 3 million units by 2028.

• Honda’s unveiling of the 2026 Metropolitan scooter, featuring 49cc liquid-cooled single-cylinder four-stroke engine for urban commuters.

• Zero Motorcycles’ Neutrino concept at EICMA, aiming to deliver compact, affordable electric urban bikes.

Applications Across Industries

Two wheelers serve diverse needs beyond individual mobility:

• Last mile delivery: Light electric scooters and mopeds power rapid urban logistics.

• Shared mobility: Ride hailing startups in North America and Europe are integrating electric bikes to reduce urban congestion.

• Micro mobility fleets: City governments in Australia and Europe are deploying dockless e scooters for first and last mile connectivity.

Components

Modern two wheelers consist of:

• Powertrain: Internal combustion (50–350 cc) or electric motor (2–20 kW).

• Battery & Energy Storage: Lithium ion packs ranging from 1 kWh in scooters to 5 kWh in e motorcycles.

• Chassis & Suspension: Telescopic forks front, mono shock rear for comfort; ABS increasingly standard.

• Electronics: Ride by wire, smartphone connectivity, and advanced rider assistance systems (ARAS).

Regional Analysis

Dominating Regions

• Asia Pacific (60% of global sales): China leads with 2.0 million electric two wheelers sold in 2024, driven by urban demand and government incentives.

• Europe: Traditional ICE scooters remain popular; Germany, France, and Italy account for 70% of regional sales.

• North America: Emerging market; shared mobility programs in U.S. cities are increasing e two wheeler adoption.

 
Fastest Growing Regions

• India: Electric two wheeler sales reached 1.3 million units in 2024, up 30% YoY.

• Other Asia (Vietnam, Philippines, Thailand): Surged to 1.6 million sales, as local brands and Chinese OEMs expand manufacturing.

Drivers of Leadership:

• China’s scale & policy: Central mandates on EV adoption and subsidies.

• India’s start up ecosystem: 220 OEMs in 2024 and schemes under “Make in India”.

• Vietnam’s urbanization: Rapid growth in middle class disposable income and micromobility trends.

Key Players and Recent Strategies/Deals

Future Prospects 

Driven by booming e commerce—B2B trade set to reach USD 36 trillion by 2026 and B2C sales USD 5.5 trillion by 2027 at a 14.4 % CAGR—two wheelers are cementing their role in last mile logistics, while industry partnerships like August 2024’s Ather Energy–Amara Raja deal to produce high performance lithium ion batteries for the Rizta and 450 series promise the enhanced range and reliability fleets need to keep pace.

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