Shopping? Check out our latest product comparisons

Electric two-wheeler sales set to double motorcycle market

By

February 23, 2010

Electric two-wheeler sales set to double motorcycle market

Electric two-wheeler sales set to double motorcycle market

Image Gallery (2 images)

According to a new study entitled “Electric Two-Wheel Vehicles”, cleantech market intelligence company Pike Research is forecasting that more than 466 million electric bicycles and motorcycles will be sold worldwide during the period from 2010 to 2016. Given that the annual global motorcycle market is currently around 80 million units a year, almost all of them based on the internal combustion engine, this anticipated explosion in electric bike demand could double the size of the two wheeled market, not to mention dampen the demand for electric four-wheelers.

Pike Research expects electric bicycles will be the largest category with 56% of the electric two wheel market, followed by e-motorcycles at 43% and e-scooters in a distant third place with less than 1%.

Pike Research forecasts that more than 466 million e-bikes, e-motorcycles, and e-scooters will be sold worldwide during the period from 2010 to 2016.

“Demographics and economics are aligning to create a strong market opportunity for two-wheel electric vehicles,” says industry analyst Dave Hurst. “In some countries, these vehicles will be engines of economic growth, while in others they will be signals of broader consumer behavioral shifts.”

Hurst adds that Asia Pacific in general, and China in particular, will dominate the global electric two-wheel vehicle market, representing more than 95% of sales during the next six years.

According to Pike Research’s analysis, one of the most important market barriers is the lack of established distribution channels for the vehicles. Many manufacturers are working diligently to find a combination of independent dealers, mass retailers, and online sales that will effectively deliver the vehicles and after-sales service to customers.

3 Comments

I don't have a problem with electric vehicles of any kind per say, BUT what is going to happen to the electric grid's around the world when everybody starts plugging these things in at night to recharge? Just a thought. :-)

mrhuckfin
24th February, 2010 @ 04:38 am PST

@ mrhuckfin:

When is US is night in Europe is day

Rubinek
27th February, 2010 @ 12:38 am PST

Most motors used to convert bicycles to electric power are in the range of 250w to 600w. Motorcycles will draw more and will take a couple hours to charge. The draw on the grid will be in the night off peak hours. Small scale hydro electric is an option and small scale photoelectric may be useful in Asia and Africa. Fairings and supercapacitors will extend the effective range of the battery pack.

Grant-53
27th February, 2010 @ 01:40 pm PST
Post a Comment

Login with your gizmag account:

Or Login with Facebook:


Related Articles
Looking for something? Search our 27,802 articles