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Asia Pacific Electric Two and Three-Wheeler Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2030

Asia Pacific Electric Two & Three-Wheeler Market- (By Vehicle Type – E-bikes, Electric Kick Scooters, Two-Wheeler and Three-Wheeler; By Usage – Personal and Commercials; By End User – Individuals and Businesses; and By Country) - Industry Dynamics, Market Size and Opportunity Forecast, 2030

  • Published On: 16-Mar-2022  |  Format: pdfpowerpointexcel  |  Report ID: AA0322169
    Delivery: 2 to 4 Hours
INFOGRAPHIC:
Asia Pacific Electric Two and Three-Wheeler Market

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REPORT SCOPE

Report AttributeDetails
Market Size Value in 2021US$ 38,805.8 Mn
Expected Revenue in 2030US$ 1,27,228.9 Mn
Historic Data2017-2020
Base Year2021
Forecast Period2022-2030
UnitValue (USD Mn)
CAGR14.1%
Segments coveredBy Vehicle Type, Usage, End-User, and Country
Key Companies                                Electrotherm Ltd., Terra Motors Corporation, Hero Electric Vehicles Pvt. Ltd., and other prominent players.
Customization ScopeGet your customized report as per your preference. Ask for customization

FREQUENTLY ASKED QUESTIONS

The governments of APAC counties have promoted the growth of electric two & three-wheelers by offering incentives, imposing tax rebates, and preferential policies, among others. 

The market growth in China is attributed to factors such as government's substantial support and expansion in charging infrastructure, tax breaks for acquiring electric cars by 2023, enhancing the quality of electric automobiles, boosting charging facilities, and subsidies granted by the Ministry of Commerce.

Asia Pacific Electric Two & Three-Wheeler Market was valued at US$ 38,805.8 Mn in 2021. 

Asia Pacific Electric Two & Three-Wheeler Market is estimated to expand at a CAGR of 14.1% during the forecast period 2022-2030. 

The market is majorly driven by factors such as growing demand for energy-efficient commuting and government support through subsidies and tax rebates. 

The lack of EV charging infrastructure and poor design & performance standard of electric vehicles poses a big challenge to the market growth.  

Clean and renewable energy sources like solar and wind power are being increasingly integrated into the utility grids used to charge electric vehicles to reduce the use of hydrocarbon-based energy sources.  

The Asia Pacific Electric Two & Three-Wheeler Market is segmented based on vehicle type, usage, end users, and country.

The Asia Pacific Electric Two & Three-Wheeler Market is segmented based on vehicle type, usage, end users, and country.

3-Wheelers holds the highest share in the Asia Pacific Electric Two & Three-Wheeler Market in 2021. 

Individuals are the highest end users in the Asia Pacific Electric Two & Three-Wheeler Market. 

China dominates the Asia Pacific Electric Two & Three-Wheeler Market. 

The key players in the Asia Pacific Electric Two & Three-Wheeler Market are Electrotherm (India) Ltd., Terra Motors Corporation, Hero Electric Vehicles Pvt. Ltd., and Saera Electric Auto Pvt. Ltd. among others.