Market Research Future (MRFR) has launched a new release on the global Electrical Tapes Market. The report presents a thorough overview of the global Electric Two-Wheeler Market on the back of a detailed analysis of the market’s historical growth trajectory and leading segments. The market’s historical growth trajectory is assessed in detail in the report in order to understand the major factors underlying the market’s growth in the study period. Market Synopsis:
Electric two-wheelers have gained immense popularity in urban transport across various regions all over the world. Some types are electric bicycle, electric motorcycles, and electric scooters. Electric vehicles are highly appealing, given their lightweight and the fact that they can be maneuvered easily through crowded streets. They can also be charged easily with an electrical outlet and often come with a removable or replaceable battery, providing the convenience of charging indoors.
Soaring demand for a favorable regulatory climate with the aim of regulating pollution and environmental conservation are expected to benefit the electric two-wheeler market in the coming years. Rise in stringent regulatory norms gives a significant boost to the adoption of clean energy by reducing greenhouse gas emissions, thereby bringing down the dependence on crude oil. These factors will inevitably elevate the market position during the review period.
Various government bodies of different regions are focusing on providing subsidies and incentives to the original equipment manufacturer (OEMs) and customers in order to lower the
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Latest Trends
Increasing development in battery technologies is a significant trend that is penetrating the electric two-wheelers market and will gain further traction in the coming years. For example, advancements in Li-ion batteries have turned electric two-wheelers light-weighted with longer lifespan, compared to lead-acid and valve-regulated lead-acid (VRLA) batteries. Thus, rising concerns with regard to the development of latest battery technologies that boast of longer shelf life, electric two-wheelers manufacturers are indulging in continuous research & development.
Market Segmentation
Type, battery and voltage type are the two primary segments as per which the global electric two-wheeler market has been categorized into by the MRFR report.
With regard to the type, the market includes electric scooters and electric motorcycles. In 2016, the electric scooters market segment held the largest share, due to high sales of scooters in developing countries like India and China. In addition, surge in technological innovations, as well as stringent environmental regulations around the world, stimulate the growth of the electric two-wheeler market.
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