Rising GHG emissions along with government support to encourage adoption of electric vehicles to propel growth in Europe electric two-wheeler market through 2023
According to TechSci Research report, “Europe Electric Two Wheeler Market By Vehicle Type, By Battery Capacity, By Battery Type, By Country, Competition Forecast & Opportunities, 2013-2023”, Europe electric two-wheelers market is projected to cross $ 166 million by 2023. Growth in the market is majorly led by increasing concerns towards rising pollution level and increasing GHG emissions. Moreover, governments of various European countries are adopting favorable policies for electric vehicles in order to increase their use, which is further fuelling growth in the market. Additionally, technological advancements in batteries of electric vehicles is further expected to positively influence Europe electric two-wheelers market during the forecast period.
Browse 60 market data Figures spread through 88 Pages and an in-depth TOC on “Europe Electric Two-Wheeler Market”
On the basis of vehicle type, Europe electric two-wheeler market is segmented into scooters/mopeds and motorcycles, of which the former dominated the market in 2017 and is likely to continue dominating during forecast period as well on account of rising number of female drivers in the region. Among countries, France accounts for the majority share in Europe electric two-wheeler market. Increasing presence of various companies such as Yadae Group Holdings Ltd., AIMA Technology Co. Ltd., Jiangsu Xinri E-Vehicle Co. Ltd., Zhenjiang Luyuan Electric Vehicle, Dongguan Tailing Electric Vehicle Co. Ltd., etc., and in Europe is anticipated to further intensify the competition in the region’s electric two-wheeler market over the next five years.
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“Easy registration policies of electric two-wheelers along with abundant availability of vehicle financing options across Europe is boosting demand for electric two-wheelers across the region. Government support for use of electrical vehicles is also aiding the growth of Europe electric two-wheeler market. Moreover, growing penetration of Chinese players along with increasing popularity of online sales would further steer growth in Europe electric two-wheeler market in the coming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Europe Electric Two Wheeler Market By Vehicle Type, By Battery Capacity, By Battery Type, By Country, Competition Forecast & Opportunities, 2013-2023” has analyzed the potential of electric two-wheeler market in Europe region, and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by Europe electric two-wheeler market.
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