As per 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 which was valued at USD 51.22 billion in 2020, is anticipated to record a robust growth through 2026.

Growing prevalence of government initiatives that focus on minimizing carbon emissions, and proliferation in the demand for e-scooters and e-motorcycles are the major factors aiding the augmentation in global electric two-wheel (E2W) vehicles market.

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Also, expanding production capacities of prominent automakers, enhancements in vehicle infrastructure, alongside increasing number of EV charging points will accelerate product demand in the forthcoming years.  

Despite the positive outlook, a smaller number of charging points is a major challenge that may hinder the growth dynamics of the industry in the forthcoming years.

Notably, with the onset of the Covid-19 pandemic, the demand for electric two-wheeler vehicles is likely to experience a boom owing to growing consumer inclination towards individual mobility solutions as these are touted to be eco-friendly, facilitating a drastic reduction in harmful gas emissions, that may be a cause of concern for many once lockdown mandates are lifted during the analysis period. 

The worldwide electric two-wheeler vehicle industry landscape is bifurcated in terms of battery type, product type, end user scope, and regional expanse. Each sub-market is thoroughly analyzed within the parameters of historical and current growth trends along with future potential, thereby facilitating a clear understanding of market behavior among stakeholders to widen their profit margins during the study period.

From a regional frame of reference, North America, Europe, and Asia Pacific are the key geographies that substantially contribute to overall market remuneration.

Leading companies influencing the market trends include Robert Bosch GmbH, Yamaha Motor Co. Ltd., Harley-Davidson Inc., hGears AG, Merida Industry Co. Ltd., Niu Technologies, Yadea Group Holdings Ltd., Sona BLW Precision Forgings Ltd., Topkey Corporation, and Pierer Mobility AG.

These companies are involved in enhancing their production strategies to meet the growing consumer demand and maintain a strong presence in the evolving global electric two-wheel (E2W) vehicles market scenario.