The latest market report published by Credence Research, Inc. “Global Europe Electric Two-Wheeler Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028. The global Europe Electric Two-Wheeler Market has witnessed steady growth in recent years and is expected to continue growing at a CAGR of 24.20% between 2023 and 2030. The market was valued at USD 18.9 Billion in 2022 and is expected to reach USD 86.1 Billion in 2030.
Europe electric two-wheeler market is experiencing significant growth, driven by the adoption of regulations to encourage the use of electric bicycles and rising interest in cycling as a recreational and fitness activity. The market is segmented based on vehicle type, power output, battery technology, motor type, charging type, and region. E-scooters and bikes are the major contributors to the market, while the 6 kW to 7.2 kW and less than 3.6 kW power output categories are prominent. Lithium-ion batteries are widely used, and the hub motor segment is expected to grow rapidly. Germany leads the market growth. However, challenges such as insufficient charging infrastructure and high battery costs need to be addressed.
Nonetheless, the Europe electric two-wheeler market offers substantial growth opportunities, including high growth potential in the Asia Pacific region and increasing acceptance of electric two-wheelers in educational settings. The market also benefits from the growing demand for last-mile delivery services in the shipping and logistics industry.
Primary Forces Driving the Europe Electric Two-Wheeler Market
The adoption of regulations to encourage the use of electric bicycles, as well as rising interest in cycling as a recreational and fitness activity, are the primary forces driving the Europe electric two-wheeler market. Governments across the region are implementing policies and incentives to promote the adoption of electric two-wheelers as a means of reducing carbon emissions. At the same time, consumers are increasingly recognizing the health and environmental benefits of cycling, leading to a surge in demand for electric bikes.
Browse 250 pages report Europe Electric Two-Wheeler Market By Vehicle Type (Electric Motorcycle, E-scooters & Bikes) By Power Output (Less than 3.6 kW, 6 kW to 7.2 kW, 20 kW to 100 kW) -Growth, Future Prospects & Competitive Analysis, 2016 – 2030)- https://www.credenceresearch.com/report/europe-electric-two-wheeler-market
Major Obstacles Facing the Europe Electric Two-Wheeler Market
The Europe electric two-wheeler market faces significant challenges, including insufficient charging infrastructure and high battery costs. The availability of charging stations is critical for the widespread adoption of electric two-wheelers, and the current infrastructure is not yet adequate to meet the growing demand. Additionally, the cost of batteries remains relatively high, which affects the affordability and price competitiveness of electric two-wheelers.
Germany leads the market growth, followed by France.
The market is driven by the adoption of regulations promoting electric bicycles and the increasing interest in cycling as a leisure and fitness activity. However, challenges such as high costs, regulatory compliance, insufficient charging infrastructure, and safety concerns limit market expansion.
Europe Electric Two-Wheeler Market Recommendations: In light of the rising concern for environmental sustainability and the increasing popularity of electric vehicles, it is recommended that market players in Europe’s electric two-wheeler industry adopt a proactive approach to capitalize on this growing trend. Firstly, manufacturers should prioritize research and development efforts to enhance battery technology, aiming for longer range capacities and shorter charging times. Additionally, fostering collaborations with existing charging infrastructure providers will help alleviate range anxiety among potential customers.
Why to Buy This Report-
- The report provides a qualitative as well as quantitative analysis of the global Europe Electric Two-Wheeler Market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, the base year- 2021, and the projection period 2022-2028.
- The report includes information on the competitive landscape, such as how the market’s top competitors operate at the global, regional, and country levels.
- Major nations in each region with their import/export statistics
- The global Europe Electric Two-Wheeler Market report also includes the analysis of the market at a global, regional, and country-level along with key market trends, major players analysis, market growth strategies, and key application areas.
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