The global electric two-wheeler market size is expected to reach USD 63.04 billion by 2034, according to a new study by Polaris Market Research. The report “Electric Two-Wheeler Market Size, Share, Trends, Industry Analysis Report: By Vehicle Type (Electric Scooters, Electric Motorcycles, and Electric Mopeds), Application, Battery Type, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The electric two-wheeler market encompasses the production and sale of electric-powered scooters, motorcycles, and mopeds. This market serves as a sustainable alternative to traditional internal combustion engine (ICE) vehicles, addressing urban mobility challenges while aligning with global efforts to combat climate change. The market’s growth is driven by rising consumer demand for eco-friendly transportation and favorable government policies promoting electric vehicles (EVs).
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The electric two-wheeler market offers immense opportunities in urban and semi-urban areas due to rising fuel costs, traffic congestion, and the need for low-maintenance vehicles. Advancements in battery technology, such as solid-state and second-life batteries, enhance the appeal of electric two-wheelers. Government incentives such as tax rebates, subsidies, and mandates targeting EV adoption propel the electric two-wheeler market growth. Increasing awareness about climate change has accelerated the shift toward zero-emission vehicles.
By Vehicle Type Outlook (Revenue, USD Billion, 2020–2034)
By Application Outlook (Revenue, USD Billion, 2020–2034)
By Battery Type Outlook (Revenue, USD Billion, 2020–2034)
By Regional Outlook (Revenue, USD Billion, 2020–2034)
Report Attributes |
Details |
Market Size Value in 2024 |
USD 9.41 billion |
Market Size Value in 2025 |
USD 11.34 billion |
Revenue Forecast by 2034 |
USD 63.04 billion |
CAGR |
21.0% from 2025 to 2034 |
Base Year |
2024 |
Historical Data |
2020–2023 |
Forecast Period |
2025–2034 |
Quantitative Units |
Revenue in USD Billion and CAGR from 2025 to 2034 |
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
Segments Covered |
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Regional Scope |
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Competitive Landscape |
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Report Format |
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Customization |
Report customization as per your requirements with respect to countries, regions, and segmentation. |
For Specific Research Requirements |