According to the research report titled ‘Global Electric Two Wheel (E2W) Vehicles Market - Analysis By Product Type (E-Bikes, E-Scooters, E-Motorcycles), Battery Type, End User Type, By Region, By Country (2021 Edition): Market Insights and Forecast with Impact of COVID-19 (2021-2026)’, available with MarketStudyReport, global electric two wheel (E2W) vehicles market was worth USD 51.22 billion in 2020 and is anticipated to grow considerably through 2026.

Rising environmental concerns, government initiatives towards zero emission laws, and increasing demand for e-motorcycles & e-scooters are the major growth catalysts for global electric two-wheel (E2W) vehicles market.

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Meanwhile, insufficient charging infrastructure is a major challenge in the industry space. However, companies are increasing their efforts to improve the infrastructure for electric vehicles, including charging stations, thus facilitating the market outlook.

Furthermore, increased government spending, strict carbon emission restrictions, and investments by prominent OEMs are creating lucrative opportunities.

Notably, the COVID-19 outbreak has accelerated individual mobility solutions trend, which along with environmental cognizance is increasing the demand for electric powered two wheelers, thus adding to industry value.

On the basis of product type, worldwide electric two-wheel (E2W) vehicles marketplace is categorized into e-scooters, e-bike, and e-motorcycles. Based on battery type, the industry is classified into lithium-ion battery, and lead acid battery. With respect to end user type, the marketplace is bifurcated into commercial use, and personal use.

Considering the regional landscape, the report thoroughly studies the market trends across North America, Asia Pacific, Europe, and LAMEA. Among these, Asia Pacific held a significant industry share in the recent past.

Speaking of competitive hierarchy, Robert Bosch GmbH, Yadea Group Holdings Ltd., Yamaha Motor Co., Ltd., Niu Technologies, Harley-Davidson, Inc., Sona BLW Precision Forgings Limited, Merida Industry Co., Ltd., Topkey Corporation, hGears AG, and PIERER Mobility AG are the leading companies affecting the worldwide electric two-wheel (E2W) vehicles market scenario.