The growth of the market is majorly driven by the rising urbanization in the growing economies of the APAC region such as India and China, the increasing demand for the MEA ns of transport in small cities in the APAC region, and the growing environmental concern and awareness.
Insights into market segments
On the basis of battery type, the APAC electric scooters and motorcycles market is segmented into sealed lead acid (SLA) and lithium-ion (Li-ion) batteries. Among these, the volume sales of the SLA category accounted for a larger share, accounting for 85% contribution in 2017. However, the Li-ion category is expected to gROW at a faster rate when compared to the SLA category during the forecast period, owing to their light weight and longer expected life.
On the basis of technology, the APAC electric scooters and motorcycles market is segmented into plug-in and battery types. Among these, the plug-in category recorded higher sales by volume, accounting for more than 90% share in the market in 2017. The category is expected to continue its dominance in terms of size against the battery category during the forecast period as well, owing to ease of convenience and the lack of battery swapping infrastructure in the region.
Rising urbanization and increasing demand for lighter modes of transport expected to boost the market growth
The ever increasing urbanization in the developing nations of APAC are expected to benefit the sales of the electric scooters and motorcycles in the region during the forecast period. The developing economies like India and China primarily contribute to this rapid urbanization. In general, the travel needs of the population in such economies involve short and frequent rides, which can drive the growth of APAC electric scooters and motorcycles market.
Increased environmental concern and awareness raised by the government promoting the growth of the market
Governments of various countries in the region have been trying to raise awareness among the masses to adopt eco-friendly MEA ns of transport (electric, and hybrid-electric) through their awareness programs and initiatives. Also, the increased environmental concern for the degrading air quality by responsible institutions promoted the growth of the market in the recent past. Also, some of these nations provide subsidies for electric two-wheelers; for example, the government of India provides subsidy for the purchase of electric two-wheelers, thereby driving the APAC electric scooters and motorcycles market growth.
Some of the key players in the APAC electric scooters and motorcycles market are Yadea Group Holdings Ltd., AIMA Technology Group Co. Ltd., Zhejiang Luyuan Electric Vehicle Co. Ltd., Jiangsu Xinri E-Vehicle Co. Ltd., Dongguan Tailing Electric Vehicle Co. Ltd., and VMOTO Limited.
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation By Product
1.3.2 Market Segmentation By Battery Type
1.3.3 Market Segmentation By Voltage
1.3.4 Market Segmentation By Technology
1.3.5 Market Segmentation By Country
1.3.6 Analysis Period
1.3.7 Market Data Reporting Unit
1.4 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown Of Primary Research Respondents
220.127.116.11 By Industry Participant
18.104.22.168 By Company Type
2.3 Market Size Estimation
2.4 Market Breakdown And Data Triangulation
2.5 Assumptions For The Study
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition Of Market Segments
4.1.1 By Product
4.1.2 By Battery Type
22.214.171.124 Sealed Lead Acid
4.1.3 By Technology
126.96.36.199 Plug-In Based
188.8.131.52 Battery Based
4.2 Value Chain Analysis
4.3 Market Dynamics
184.108.40.206 Companies Investing In Product Quality And Brand Building
220.127.116.11 Li-Ion Powered Two-Wheelers Gaining Momentum
18.104.22.168 Growing Urbanization In Asia-Pacific
22.214.171.124 Rising Environmental Awareness
126.96.36.199 Impact Analysis Of Drivers On Market Forecast
188.8.131.52 Lack Of Infrastructure Eco-System
184.108.40.206 Inadequate Government Support
220.127.116.11 Impact Analysis Of Restraints On Market Forecast
18.104.22.168 Shifting Focus To Emerging Markets
22.214.171.124 Huge Two-Wheeler Market Provides Substantial Long-Term Opportunity
4.4 Porter’S Five Forces Analysis
4.4.1 Intensity Of Rivalry
4.4.2 Threat Of New Entrants
4.4.3 Bargaining Power Of Buyers
4.4.4 Bargaining Power Of Suppliers
4.4.5 Threat Of Substitutes
Chapter 5. Oem Analysis
5.1 Asia-Pacific Market
126.96.36.199 Yadea Technology Group
188.8.131.52.1 Product Portfolio
184.108.40.206 Aima Technology Group Co. Ltd.
220.127.116.11.1 Product Portfolio
18.104.22.168 Jiangsu Xinri E-Vehicle Co. Ltd.
22.214.171.124.1 Product Portfolio
126.96.36.199 Hero Electric Vehicles Pvt. Ltd.
188.8.131.52.1 Product Portfolio
184.108.40.206 Electrotherm India Ltd.
220.127.116.11.1 Product Portfolio
18.104.22.168 Lohia Auto Industries
22.214.171.124.1 Product Portfolio
126.96.36.199 Okinawa Autotech Pvt. Ltd.
188.8.131.52.1 Product Portfolio
184.108.40.206 Terra Motors Corporation
220.127.116.11.1 Product Portfolio
18.104.22.168 Honda Motor Co. Ltd.
22.214.171.124.1 Product Portfolio
126.96.36.199 Yamaha Motor Co. Ltd.
188.8.131.52.1 Product Portfolio
5.1.4 South Korea
184.108.40.206 Unistar Co. Ltd.
220.127.116.11.1 Product Portfolio
18.104.22.168 Honda Motor Company, Ltd.
22.214.171.124.1 Product Portfolio
126.96.36.199 Uda Motor Co. Ltd
188.8.131.52.1 Product Portfolio
184.108.40.206 Star 8 (Thailand) Co. Ltd.
220.127.116.11.1 Product Portfolio
18.104.22.168 E-Revolution Co Ltd
22.214.171.124.1 Product Portfolio
126.96.36.199 Viar Motor Indonesia
188.8.131.52.1 Product Portfolio
184.108.40.206 Xiaomi Inc.
220.127.116.11.1 Product Portfolio
18.104.22.168 Skutis Corporation Pte Ltd
22.214.171.124.1 Product Portfolio
126.96.36.199 Zero Motorcycles Inc.
188.8.131.52.1 Product Portfolio
184.108.40.206 Terra Motors Corporation
220.127.116.11.1 Product Portfolio
18.104.22.168 Gxsun Corp.
22.214.171.124.1 Product Portfolio
126.96.36.199 Xiaomi Inc.
188.8.131.52.1 Product Portfolio
184.108.40.206 Eclimo Sdn. Bhd.
220.127.116.11.1 Product Portfolio
Chapter 6. Asia-Pacific Market Size And Forecast
6.1 By Product
6.2 By Battery Type
6.3 By Voltage
6.4 By Technology
6.5 By Country
18.104.22.168 By Product
22.214.171.124 By Battery Type
126.96.36.199 By Voltage
188.8.131.52 By Technology
184.108.40.206 By Product
220.127.116.11 By Battery Type
18.104.22.168 By Voltage
22.214.171.124 By Technology
126.96.36.199 By Product
188.8.131.52 By Battery Type
184.108.40.206 By Voltage
220.127.116.11 By Technology
6.5.4 South Korea
18.104.22.168 By Product
22.214.171.124 By Battery Type
126.96.36.199 By Voltage
188.8.131.52 By Technology
184.108.40.206 By Product
220.127.116.11 By Battery Type
18.104.22.168 By Voltage
22.214.171.124 By Technology
126.96.36.199 By Country
6.5.6 Rest Of Asia-Pacific
188.8.131.52 By Product
184.108.40.206 By Battery Type
220.127.116.11 By Voltage
18.104.22.168 By Technology
Chapter 7. Competitive Landscape
7.1 Market Share Analysis Of Key Players
Chapter 8. Company Profiles
8.1 Yadea Group Holdings Ltd
8.1.1 Business Overview
8.1.2 Product And Service Offerings
8.1.3 Key Financial Summary
8.2 Aima Technology Group Co. Ltd.
8.2.1 Business Overview
8.2.2 Product And Service Offerings
8.3 Zhejiang Luyuan Electric Vehicle Co. Ltd.
8.3.1 Business Overview
8.3.2 Product And Service Offerings
8.4 Jiangsu Xinri E-Vehicle Co. Ltd.
8.4.1 Business Overview
8.4.2 Product And Service Offerings
8.4.3 Key Financial Summary
8.5 Dongguan Tailing Electric Vehicle Co. Ltd.
8.5.1 Business Overview
8.5.2 Product And Service Offerings
8.6 Vmoto Limited
8.6.1 Business Overview
8.6.2 Product And Service Offerings
8.6.3 Key Financial Summary
8.7 Hero Electric Vehicles Pvt. Ltd.
8.7.1 Business Overview
8.7.2 Product And Service Offerings
8.7.3 Key Financial Summary
Chapter 9. Appendix
9.2 Sources And References
9.3 Related Reports
- Yadea Group Holdings Ltd.
- AIMA Technology Group Co. Ltd.
- Zhejiang Luyuan Electric Vehicle Co. Ltd.
- Jiangsu Xinri E-Vehicle Co. Ltd.
- Dongguan Tailing Electric Vehicle Co. Ltd.
- VMOTO Limited.
- Hero Electric Vehicles Pvt. Ltd.