The European market for electric two-wheelers is expected to grow
New York, June 18, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Europe Electric Two-wheeler Market – Industry Outlook & Forecast 2021-2026” – https://www.reportlinker.com/p06096852 /? utm_source = GNW
12% during the forecast period 2021-2026.
With the growing concern of overexploitation of natural resources, electric vehicles are gaining ground in the automotive industry. The European government is striving to make the transport sector fully electric by 2030. Due to increasing efforts to reduce carbon emissions, the government is expected to push the adoption of electric vehicles in Europe. Large power electric motorcycles are more and more adopted and are expected to be in fashion during the forecast period. The high-power electric motorcycle delivers more than 30kW power, and its aesthetic is similar to that of ICE motorcycles. The growth in the production and marketing of these products is expected to create demand in the European market.
The following factors are likely to contribute to the growth of the European electric two-wheeler market during the forecast period:
â¢ Growing demand for electric scooter sharing services
â¢ Introduction of government regulations on ICE vehicles
â¢ Development of charging infrastructure
â¢ Increased investments in the E2w market
The report examines the current scenario of the European electric two-wheeler market and its market dynamics for the period 2020-2026. It covers a detailed overview of several catalysts, restraints and trends for market growth. The study covers both market demand and supply. It also profiles and analyzes the major companies and several other leading companies operating in the market.
MARKET SEGMENTATION OF TWO ELECTRIC WHEELS IN EUROPE
The Europe Electric Two-wheeler market research report includes detailed segmentation by product type, voltage, wattage, battery type, battery technology, battery current, geography. Nickel-metal hybrid batteries and lithium-ion batteries are mainly used in the European e-bike market, and the segment holds more than 60% of the shares. E-bike sales have grown rapidly in Europe, as Europeans have a higher WTP (willingness to pay) for e-bikes and other electric two-wheelers that offer both superior quality and performance. There are many players in the electric scooter market from Japan, South Korea and Europe which are gaining market share and expanding in the European market. With growing support from government and local associations, more incentives in the electric motorcycle market are expected to increase the demand for electric motorcycles in Europe.
48V batteries are important for electric vehicles because they are inexpensive and can be used safely by consumers. The voltage level of 48V is expected to have the majority share of the battery segment of the electric vehicle market, as it is the most common type of voltage supplied in an electric two-wheeler. To increase the performance of an electric two-wheeler, a large number of cells are incorporated to give better voltage performance.
Battery power is a major differentiator in an electric two-wheeler because it has a direct impact on the range, speed, mileage and price of the scooter. In 2020, the less than 5 kW segment led the market, accounting for 76.28% and 77.40% share in value and volume respectively, as there are more vehicles with less power than 5 kW which are manufactured and used throughout Europe. The incorporation of power into electric vehicles is pushing sellers to increase their investments in R&D.
Suppliers such as Askoll, Pierer Mobility and others are using lithium-ion batteries at a higher rate. Nickel-metal hybrid is mainly used and needs to be replaced from time to time. The application of lithium batteries is the future of electric transport in Europe. With the introduction of new rules on subsidies and policies, developments in electric two-wheelers are expected in terms of batteries used in vehicles. In the years to come, the lithium-ion battery will play an increasingly important role in the field of power tools.
The introduction of removable batteries has improved convenience for consumers as they can be charged anywhere. Detachable or removable batteries are expected to increase demand among early EV consumers and adopters. The removable battery is gaining ground compared to non-removable batteries in the European electric two-wheeler market. Due to the reduced charging time, removable batteries are more preferred by consumers.
The most common type of battery current is less than 25Ah, as current above 25Ah requires more powerful batteries, which tends to increase vehicle weight and overall vehicle cost. Battery current is critical in nature and currently less battery current capacities are manufactured at the initial stage of the market as the market is at an nascent stage in Europe.
Segmented by product type
â¢ Electric bike
â¢ Electric scooter
â¢ Electric motorcycle
Segmented by voltage
â¢ 48 V
â¢ 72 V and more
Segmented by power
â¢ â¢ 6-15KW
Segmented by Battery Type
â¢ Lithium ion battery
â¢ Nickel metal hybrid
â¢ Lead acid batteries
Segmented by battery technology
â¢ Removable battery
â¢ Non-removable battery
Segmented by battery current
â¢> Battery 25Ah
OVERVIEW BY GEOGRAPHY
The electric bicycle market will generate higher revenue in Germany during the forecast period. Germany has the potential to become one of the key countries for eclectic mobility globally and in Europe due to higher technological advancements and consumer mindset and awareness. In Germany, tech companies are aggressively pushing European electric vehicle companies to create maximum brand awareness and penetration. As all age groups demand e-bikes, the German market offers enormous growth potential.
Segmented by geography
GDP growth, government restrictions and import inflows are contributing to the expansion of the European market for electric two-wheelers. Suppliers compete on various parameters, such as brand, product portfolio, product characteristics, power consumption of two-wheelers and efficiency of products developed to support the European electric scooter market.
â¢ PIERER MOBILITY
Other important suppliers
â¢ Ducati engine
â¢ Electrical life store
â¢ Zero motorcycles
ANSWERS TO KEY QUESTIONS:
1. What is the size of the European market for electric two-wheelers?
2. What percentage of vehicle sales are electric in the European region?
3. What is the market share of electric bikes in the country?
4. What government regulations are driving the growth of the electric vehicle market in the region?
5. Who are the key players in the European EV market?
Read the full report: https://www.reportlinker.com/p06096852/?utm_source=GNW
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