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(IndustryNews247.Com, September 09, 2019 ) Market Overview • Electric two-wheelers is the electric bicycle with pedals or without pedals. The electric 2-wheeler is integrated with an electric motor which can be used for propulsion and to move the electric motor rechargeable battery is used. The Electric two-wheelers are similar in the looks from the conventional bicycle or conventional combustion engine 2-wheelers depending on the product type. • The report covers all the major trends and drivers playing a key role in the growth of the Electric two-wheelers market.Also,the report covers Porter five force analysis, Average Pricing analysis, and Impact analysis. Market Dynamics • The global Electric two-wheelers is primarily driven by stringent regulations by the government and frequent strict renewals all around the globe for vehicle emissions to lower down the carbon footprints.With favourable schemes and the awareness among the people for the environment, safety are the major drivers for the popularity gain of the electric 2-wheeler across all regions. In India, BS-IV applied to new type approvals in April 2016 and to all vehicle sales and registrations in April 2017. The regulation establishes the first-ever evaporative emission standards for two- and three-wheelers. BS-VI standards, which apply in April 2020, largely align emission limits for two-wheeled vehicles with European standards (although they are slightly more relaxed).The new regulation not only tightens the HC+NOx values by 23-60% compared to existing BS III standards but also specifies independent NOx standards for two-wheelers. • The fast acceptance of the Electric two-wheelers is demanding for the electric charging infrastructure to develop rapidly all around the world, which is attracting lots of funds and investment from the governments and the private players all around the world. And certain regions like Europe are already ahead with lots of electric charging station infrastructure project developments. • For instance, a group of mainly German carmakers will open ultra-fast electric vehicle charging stations this year and plans a pan-European network of 400 by 2020. And IONITY, a joint venture of BMW AG, Daimler AG, Ford Motor Co, and Volkswagen with its Audi and Porsche brands, plans to open 20 stations to the public this year in Germany, Norway, and Austria. They will be 120 km apart and run in partnership with Tank &Rast, Circle K, and OMV. Market Segmentation • By Product type, the global Electric two-wheelersmarket is segmented intoPedal-assisted (Pedelecs), and Throttle-assisted (Power-on-demand).Pedal-assistedhas the dominant position in the Electric two-wheelersmarket and is expected to retain its dominance in the forecasted period due to a reason related to very cost and health. With awareness of health benefits among people when using speed pedelecs. And also, as they have less power motor requiring less capacity battery, making it less costly than the other high capacity battery 2-wheelers.The Electric pedal-assisted vehicle is gaining more popularity than a bicycle in major countries of Europe like Netherland is also driving the market for the pedal-assisted 2-wheelers. • For instance, according to figures from Dutch industry organizations RAI Association and BOVAG more than 67% revenue of bicycles sales came for e-bike sales in The Netherland for 2018, much more than in the year 2011 when e-bikes accounted for only 15% of the bicycle sale revenue. • By Battery Type, the global Electric two-wheelers market is segmented into Lead-acid, Nickel-metal hydride (NiMH), Lithium-ion (Li-ion), and Others. Lead-acid has the dominant position in the Electric two-wheelers market due to the low price of the batteries. Although with the rising demand for more capacity and a long life of batteries is making the market for Lithium-ion to grow with higher CAGR for the forecast period. Competitive Trends • Key players are adopting strategies such as investing in R&D,new product launches, expansion in distribution channels to stand out as strong competitors in the market. Global Electric two-wheelers is a competitive market with the presence of various global and regional players in the market. The major playersRobert Bosch GmbH, Accell Group N.V, Giant Manufacturing Co. Ltd., Derby Cycle Holding GmbH, and Jiangsu Xinri E-Vehicle Co. Ltd. Other key players in the market include Panasonic Corp, Bionx International Corporation, Mahindra & Mahindra Ltd., Samsung SDI Co. Ltd., and Prodeco Technologies Llc. • In July 2018, Yamaha introduced 600Wh Multi-Location inTube battery for Electrically Power Assisted Bicycles (EPACs).The battery shape offers 2 types of integration in the downtube – either vertical or horizontal. In both directions the design enables easy handling when charging off the bike.Compared to conventional battery packs in the market the new 600Wh battery offers a 20% capacity increase. • In July 2018, India’s Ather Energy officially began accepting pre-orders from consumers for its Ather 450 (Electric Scooter) in Chennai. This is the second city after Bangalore the company is entering after its commercial launch in June 2018.
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