The ASEAN electric two-wheeler market is estimated to grow at a considerable CAGR during the forecast period. The increasing government initiatives and subsidies to provoke the sales of the electric vehicle is the key factor to propel the growth of ASEAN electric two-wheeler market. In April 2019, the Thailand Board of Investment (BOI) announced to reduce excise tax to 2% from 8% for eligible automobile companies planning to produce electric vehicles in the country. In addition, as per the presidential decree, 55/2019 in Indonesia, two-wheel EVs must have at least 40% Indonesian parts to qualify for a subsidy from 2023 on wards and at least 80% from 2026.

The market is segmented on the basis of product type, battery type, and region. Based on the product type, the market is sub-segmented into electric scooters and electric motorcycles Based on the battery type, the market is sub-segmented into NiMH, Li-Ion, and others. The decline in cost of li-ion battery and inherent benefits offered by these batteries including smaller size, lighter weight, and higher energy density is anticipated to drive the market share of these batteries. Based on the region the market is segmented into China, Japan, India, and the rest of ASEAN.

Some of the major companies which are contributing to the growth of the ASEAN electric two-wheeler market include Xiaomi, Inc., Bajaj Auto Ltd., Mitsubishi Motors Corp., BMW, Harley-Davidson, Inc., Honda Motor Co., Ltd., Segway Inc., and others. The market players are considerably contributing to the market growth by adopting various growth strategies such as new product innovations, mergers, and acquisitions, and joint ventures among others to stay competitive in the market.

Research Methodology

The market study of the ASEAN Electric Two-Wheeler market is incorporated by extensive primary and secondary research conducted by the research team.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. ASEAN Electric Two-Wheeler Market Research and Analysis by Product Type 

2. ASEAN Electric Two-Wheeler Market Research and Analysis by Battery Type

The Report Covers

• Comprehensive research methodology of the ASEAN Electric Two-Wheeler market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the ASEAN Electric Two-Wheeler market.
• Insights about market determinants that are stimulating the ASEAN Electric Two-Wheeler market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.