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August 2025
The electric two-wheeler market is projected to reach USD 154.71 billion by 2034, expanding from USD 79.77 billion in 2025, at an annual growth rate of 7.21% during the forecast period from 2025 to 2034.
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Additionally, technological advancements in the EV battery manufacturing sector along with numerous government initiatives aimed at developing the EV charging infrastructure is playing a vital role in shaping the industrial landscape. The research and development activities related to solid-state-batteries and zinc-air batteries is expected to create ample growth opportunities for the market players in the upcoming days.
The electric two-wheeler market is a prominent branch of the EV industry. This industry deals in manufacturing and distribution of electric two-wheelers across the world. There are different types of vehicles developed in this sector comprising of electric scooter/moped and electric motorcycles.
These two-wheelers are powered using numerous types of batteries including lithium-ion batteries and sealed lead acid batteries. It is equipped with various types of motors consisting of hub motors and chassis mounted motors. This market is expected to rise significantly with the growth of the battery manufacturing sector around the globe.
The major trends in this market consists of partnerships, government investment and fast-charging batteries.
The sealed lead acid (SLA) battery segment dominated the market. The rising application of sealed lead acid batteries in electric scooters has boosted the market expansion. Also, the growing use of these batteries in affordable motorcycles along with rapid investment by battery companies to open new lead-acid battery manufacturing facilities is further contributing to the industrial growth. Moreover, partnerships among battery manufacturers and two-wheelers brands to develop advanced EV batteries is expected to foster the growth of the electric two-wheeler market.
The lithium-ion battery segment is expected to rise with the highest CAGR during the forecast period. The growing use of high-quality li-ion batteries in electric superbikes has boosted the market growth. Also, continuous research and development activities related to lithium mining coupled with technological advancements in battery industry is playing a vital role in shaping the industry in a positive direction. Moreover, numerous advantages of li-ion batteries including high energy density, long cycle life, fast charging capabilities and some others is expected to propel the growth of the electric two-wheeler market.
The electric scooter/moped segment led the market. The growing adoption of electric scooters and electric mopeds by ride-hailing companies has boosted the market expansion. Additionally, rapid investment by battery companies to develop advanced batteries for electric scooters is playing a vital role in shaping the industrial landscape. Moreover, partnerships among two-wheelers companies and charging providers is expected to propel the growth of the electric two-wheeler market.
The electric motorcycle segment is expected to grow with a considerable CAGR during the forecast period. The rising demand for electric superbikes in developed nations such as the U.S., Canada, UK and some others has boosted the market growth. Additionally, the growing use of li-ion batteries in electric bikes to deliver superior range is playing a positive role in shaping the industry. Moreover, the increasing adoption of electric motorcycles by fleet operators with an aim at reducing vehicular emission is expected to boost the growth of the electric two-wheeler market.
Asia Pacific led the electric two-wheeler market. The growing demand for electric scooters in several countries such as India, China, Japan, South Korea, Indonesia and some others has boosted the market expansion.
Additionally, numerous government initiatives aimed at adopting EVs coupled with technological advancements in EV powertrains is playing a vital role in shaping the industry in a positive direction. Moreover, the presence of several market players such as TVS Motor Company, Bajaj Group, Kawasaki Motors and some others is expected to foster the growth of the electric two-wheeler market in this region.
Europe is expected to expand with a significant CAGR during the forecast period. The growing adoption of electric bikes by youths due to rising awareness to reduce emission has driven the market growth. Also, rapid investment by government for strengthening the EV charging infrastructure along with rise in number of EV startups is playing a crucial role in shaping the industrial landscape. Moreover, the presence of numerous market players such as BMW, Riese & Müller, Accell Group N.V. and some others is expected to drive the growth of the electric two-wheeler market in this region.
The electric two-wheeler market is a rapidly developing industry with the presence of several dominating players. Some of the prominent companies in this industry consists of Greaves Electric Mobility Limited, Helbiz, Jiangsu Xinri E-Vehicle Co., Ltd, AIMA Inc., Ather Energy Limited, Bajaj Group, BMW AG, Kawasaki Motors Corp., U.S.A, Niu International, Ola Electric Mobility Ltd, TVS Motor Company, Vmoto Limited, Yadea Technology Group Co., Ltd, Zero Motorcycles Inc. and some others.
These companies are constantly engaged in developing electric two-wheelers and adopting numerous strategies such as partnerships, joint ventures, business expansions, product launches, collaborations, acquisitions, and some others to maintain their dominant position in this industry.
By Vehicle Type
By Battery Type
By Voltage Type
By Peak Power
By Battery Technology
By Motor Placement
By Region
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