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

Europe 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: 18-Mar-2022  |  Format: pdfpowerpointexcel  |  Report ID: AA0322173
    Delivery: 2 to 4 Hours
INFOGRAPHIC:
Europe Electric Two and Three-Wheeler Market

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REPORT SCOPE

Report AttributeDetails
Market Size Value in 2021US$ 6,209.3 Mn
Expected Revenue in 2030US$ 21,066.8 Mn
Historic Data2017-2020
Base Year2021
Forecast Period2022-2030
UnitValue (USD Mn)
CAGR14.5%
Segments coveredBy Vehicle Type, Usage, End-User, and Country
Key Companies                                   Riese & Müller GmbH, Leon Cycle, Govecs AG, Walberg Urban Electrics GmbH, and other prominent players.
Customization ScopeGet your customized report as per your preference. Ask for customization

FREQUENTLY ASKED QUESTIONS

Europe has the second largest share in the Global Electric Two & Three-Wheeler Market.

Policies such as direct financial support to consumers and manufacturers; non-monetary incentives; subsidies for the deployment of charging infrastructure; procurement of electric vehicle for government fleets; and long-term regulations with specific targets accelerated the market growth. 

The Europe Electric Two & Three-Wheeler Market was valued at US$ 6,209.3 Mn in 2021. 

Europe Electric Two & Three-Wheeler Market is estimated to expand at a CAGR of 14.5% 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.  

Europe Electric Two & Three-Wheeler Market is segmented based on vehicle type, usage, end users, and region.

E-bikes holds the highest share in the Europe Electric Two & Three-Wheeler Market in 2021. 

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

Germany dominates the Europe Electric Two & Three-Wheeler Market. 

The key players in the Europe Electric Two & Three-Wheeler Market are Riese & Müller GmbH, Leon Cycle, Govecs AG, Walberg Urban Electrics GmbH, myStromer AG, Zero Motorcycles, Inc., Emco Electroroller GmbH and Energica Motor Company S.p.A. among others. 

COVID-19 pandemic severely crippled the auto industry, and the disruption had its impact on the demand for electric two & three-wheelers. Further, the supply of lithium-ion battery packs got impacted due to the pandemic.