Electric Two-Wheeler Components - Global Strategic Business Report

The global market for Electric Two-Wheeler Components was estimated at US$49.3 Billion in 2024 and is projected to reach US$73.4 Billion by 2030, growing at a CAGR of 6.9% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Electric Two-Wheeler Components market.

Global Electric Two-Wheeler Components Market - Key Trends & Drivers Summarized

What's Driving the Rapid Expansion of the Electric Two-Wheeler Component Ecosystem?

The global electric two-wheeler components market has seen unprecedented growth in recent years, spurred by the exponential rise in electric scooters, mopeds, and motorcycles worldwide. As these vehicles penetrate both urban and semi-urban transport networks, the demand for advanced, reliable, and cost-efficient components has become critical to sustaining industry momentum. Key components include electric motors, battery packs, power controllers, chassis systems, brakes, tires, lighting modules, telematics units, and thermal management systems each playing a vital role in performance, safety, and efficiency.

Government mandates for reducing vehicular emissions and transitioning to electrified transport have served as primary market accelerators. Subsidies, tax breaks, and zero-registration fee initiatives have driven large-scale EV adoption, in turn stimulating component-level innovation. Further, the pandemic-era disruption pushed consumers toward personal mobility alternatives that are low-cost, contactless, and environmentally sustainable. Electric two-wheelers met this need while opening new opportunities in last-mile delivery, fleet logistics, and ride-sharing each demanding durable, modular, and scalable components.

Which Technological Advances Are Reshaping Component Design and Performance?

A wave of innovation is transforming component engineering in electric two-wheelers. Hub motors and mid-drive motors are being refined for better torque efficiency, improved cooling, and quieter operations. Brushless DC motors (BLDC) remain the dominant choice due to their low maintenance and high energy efficiency, though some OEMs are shifting to permanent magnet synchronous motors (PMSM) for higher torque at lower RPMs. Power electronics, such as motor controllers and inverters, are integrating silicon carbide (SiC) and gallium nitride (GaN) semiconductors to enhance switching speeds and thermal handling. Battery technology continues to lead in transformative potential. Lithium-ion cells dominate the space, particularly LFP (lithium iron phosphate) and NMC (nickel manganese cobalt) chemistries. Recent innovations in battery management systems (BMS) allow for real-time thermal monitoring, predictive charge-discharge modeling, and wireless diagnostics. Swappable and modular battery designs are gaining favor among urban fleet operators for reducing downtime and increasing vehicle uptime. Beyond the powertrain, components such as regenerative braking systems, smart instrument clusters, GPS-based tracking modules, and IoT-based telematics are enhancing the functionality of modern e-two-wheelers. Lightweighting efforts are leading to the use of forged aluminum, magnesium alloys, and composite plastics in chassis parts, fenders, and wheel assemblies. LED-based lighting modules, low-resistance tires, and electromagnetic anti-theft locks further enhance value propositions for both end-users and OEMs.

How Are Regional and Sectoral Demands Shaping Component Innovation?

Asia-Pacific, led by China and India, dominates the global electric two-wheeler component market, driven by high-volume manufacturing, supportive government schemes, and robust domestic demand. India's FAME (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) program, for instance, has stimulated a growing supplier base for batteries, controllers, and motors. Similarly, China's emphasis on battery swap infrastructure is influencing local component design toward modularity and rapid interoperability. Europe and North America focus more on high-performance components tailored to e-motorcycles and premium urban scooters. European regulations around vehicle homologation, safety standards, and cybersecurity are prompting suppliers to focus on CAN-based communication systems, embedded firmware validation, and over-the-air (OTA) update capabilities. These regions are also experimenting with novel battery chemistries like solid-state and sodium-ion for longer range and higher energy densities.

Fleet-specific requirements are increasingly guiding component design. Delivery service operators prioritize durable tires, swappable batteries, and telematics modules for fleet tracking and maintenance diagnostics. Ride-sharing startups emphasize lightweight, low-maintenance parts that reduce TCO (total cost of ownership). Meanwhile, premium consumer brands in Southeast Asia, Europe, and Latin America are investing in differentiated styling elements, customizable digital dashboards, and wireless mobile connectivity to build brand stickiness.

What Is Fueling Long-Term Growth in the Electric Two-Wheeler Components Market?

The growth in the electric two-wheeler components market is driven by several factors including vehicle electrification mandates, supply chain localization, technology convergence, and rising consumer expectations for smarter, connected vehicles. Governments across Asia, Europe, and the Americas are enacting stringent emission targets and funding domestic EV ecosystems, which are expanding the scope of in-country manufacturing for critical components like batteries, drive systems, and electronics. Localization strategies adopted by leading OEMs to reduce dependency on imports are catalyzing the development of tier-2 and tier-3 supplier networks. Companies are investing in dedicated EV platforms, opening new revenue streams for component manufacturers specializing in EV-only geometries, connectivity features, or thermal designs. Concurrently, joint ventures between battery companies, motor suppliers, and EV assemblers are consolidating the supply base while enabling shared innovation and cost optimization. The market is also gaining from the convergence of automotive and electronics domains. Increased demand for embedded connectivity, real-time diagnostics, and smart controls is drawing interest from semiconductor players and IoT solution providers, further enriching the component landscape. Insurance companies and fleet managers are beginning to rely on telematics and remote diagnostics for risk profiling and preventative maintenance adding yet another layer of functionality to the component ecosystem.

Looking ahead, sustained R&D investment in fast-charging components, solid-state batteries, and advanced thermal systems will define competitive differentiation. As per capita incomes rise in emerging economies, consumer preference is shifting toward more comfortable, stylish, and feature-rich e-two-wheelers, creating strong demand for aesthetic and performance-enhancing components. Ultimately, as electric two-wheelers become mainstream globally, the component market is poised to experience steady compound annual growth, underpinned by a virtuous cycle of policy support, technological progress, and scale-driven cost declines.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Motorcycle segment, which is expected to reach US$53.6 Billion by 2030 with a CAGR of a 7.8%. The Scooter segment is also set to grow at 4.6% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $13.4 Billion in 2024, and China, forecasted to grow at an impressive 10.9% CAGR to reach $15.4 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Electric Two-Wheeler Components Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Electric Two-Wheeler Components Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Electric Two-Wheeler Components Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as AIMA Technology Co. Ltd., Alps Alpine Co., Ltd., Ampere Vehicles Pvt. Ltd., Bosch eBike Systems, and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 42 companies featured in this Electric Two-Wheeler Components market report include:

• AIMA Technology Co. Ltd.
• Alps Alpine Co., Ltd.
• Ampere Vehicles Pvt. Ltd.
• Bosch eBike Systems
• Energica Motor Company S.p.A.
• Giant Manufacturing Co. Ltd.
• Hero Electric
• Johnson Electric Holdings Limited
• Mabuchi Motor Co., Ltd.
• Mahindra Electric Mobility Ltd.
• Nidec Corporation
• Panasonic Corporation
• Piaggio & C. SpA
• Robert Bosch GmbH
• Shimano Inc.
• Super Soco
• Varroc Engineering Ltd.
• Yadea Technology Group Co. Ltd.
• Yamaha Motor Co., Ltd.
• Zero Motorcycles Inc.

This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:

• Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
• Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
• Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
• Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
• Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
• Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
• Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.