Overview of Malaysia Electric Vehicle Industry Size:
Electric Two-Wheeler Market in
Malaysia recorded a positive CAGR of xx% on the basis of revenue generated in
between 2016 and 2021. The Malaysian market is primarily driven by the
anticipated government initiatives in the coming years along with the need to
curb vehicular emissions. The electric two-wheeler market size in Malaysia is
primarily driven by a variety of goods, such as e-scooters and e-motorcycles.
The electric two-wheeler set-up appears a lot more promising, in the form of
research, financial acquisitions & investments, that makes the electric
vehicle segment thrilling. Electric two-wheelers, by its swiftness and
dexterity, easy operability and maintainability, affordability and low
pollution, are most welcome among different categories of users. Mostly the
customer segment that wants this change in pace includes city dwellers, short
distance commuters, frequent road drivers and users of special needs. Besides
personal use, electric two-wheelers also increasingly find their place in
public service, such as urban sanitation, domestic and short distance
patrolling, in delivery service, etc. As fuel prices climb, consumers prefer to
switch to battery-powered electric bikes and scooters. There is a growing
demand of two-wheelers in B2B services such as scooter sharing, hailing, and
last mile transportation.
Along with being noisy, the
mushrooming number of conventional cars, motorcycles and scooters is driving up
energy consumption, air pollution and greenhouse gas emissions. To combat those
problems, Malaysia, with support from the United Nations Environment Programme
(UNEP), is encouraging drivers to trade in gas-guzzlers for electric
motorbikes.
UNEP has worked with electric
vehicle associations in Malaysia, the Philippines, Singapore and Thailand to
develop comprehensive recommendations for policymakers to spur the
adoption of electric two- and three-wheelers. The incentives announced in
Budget 2022 are expected to kick start EV adoption among the general public and
the plans for government fleet electrification will further pave the way to
instill public confidence and interest. Technological advancements in electric
vehicle industry have made electric two-wheelers affordable and increased their
performance and efficiency. The major reason for the affordable prices of
electric scooters and bikes is the advancement in battery technology. In
Malaysia, the launch of the National Low Carbon Cities 2030 plan, entails the
establishment of 200 low carbon zones across the country, which may bring about
a greater push for green vehicle options, including EVs.
Malaysia Electric 2-Wheeler Market Segmentation, 2021
By Type of
Electric Vehicle (4-Wheeler and 2-Wheeler): In 2021, Electric 4-Wheelers dominated the Electric Vehicle Market in
Malaysia and generated a revenue of USD xx Million. Electric 2-Wheelers helped
in contributing xx% of the total Electric Vehicle market in Malaysia generating
a revenue of USD xx Million.
By Type of
E2V Battery Capacity (<25Ah and >25Ah): In 2021, Electric 2-Wheelers using a battery capacity of <25Ah
dominated the market by capturing a market share of xx% with a revenue of USD
xx Million. In order to get a speed of at least 50kmph, as per the government
rules, a battery capacity of more than 50Ah will be required on going way
forward.
By Type of
E2V Battery Technology (Removable Battery and Non-Removable Battery): Electric 2-Wheeler Vehicles can also be segmented
on the basis of Type of Battery Technology: Non-Removable Battery and
Removable Battery. Non-Removable Battery dominated the market by capturing xx%
of the market share.
By Type of
E2V Voltage Type (24V, 36V, 48V, 60V, 72V): Electric 2-Wheeler Vehicles can be segmented on the basis of type of
Voltage: 36V, 48V, 60V, and 72V.Electric 2-Wheelers using a voltage of 48V
dominated the Electric 2-Wheeler market in Malaysia by capturing a market share
of xx% with a revenue of USD xx Million.
By Type of
E2V Battery Type (Lead Acid and Lithium Ion): Improved discharge and charging efficiency coupled with longer life
span contributed in enhancing the demand of lithium-ion batteries compared to
lead acid batteries. Although, lithium-ion batteries are much more expensive
that its counterpart but their maintenance free feature will match their higher
price tag, which will be preferable to consumers.
Competitive Landscape in Malaysia Electric
2-Wheeler market, 2021
Malaysia’s Electric two-wheeler
Vehicle Industry is consolidated with presence of limited players for
2-wheelers. These players compete with each other on the basis of products
offered, product quality, value added services, product pricing, its features,
battery technology type, battery capacity, battery type, voltage type etc.
Companies like Eclimo has adopted a B2B model, where they rent/sell their
electric 2-wheelers to corporates such as KFC. Companies like Eclimo and KuroEV
provide electric two wheelers rental services for a monthly or yearly
subscription in Malaysia.
The report also provides
comprehensive insights on the company profiles of leading players of electric
vehicle in the ecosystem. The profiles of these players cover various
parameters such as Company Overview, Operational and Financial Parameters, Unique
Selling Propositions, Battery Specification and Pricing of ES11 Models, Recent
Developments, Competitors on road, Mergers and Acquisitions, Clientele and
Future Plans.
Future
outlook of Malaysia Electric 2-Wheeler market, 2021-2026E
Electric two-wheeler industry in
Malaysia is estimated to generate a revenue of USD xx Million in 2026E,
expanding at a CAGR of xx% in between 2021 and 2026E. Increasing demand of
two-wheelers in B2B services such as scooter sharing, hailing, last mile
transportation and delivery services will contribute to the growth of EV
two-wheeler industry in Malaysia. One of the major determinant for the surging
growth in coming years is attributed to the government initiatives and policies
supporting the EV industry such as exemption of import duty, excise and sales
tax for CBU and CKD electric vehicles till 2023 and 2025 respectively.
Coupled with that, income tax exemption for individuals up to RM 2,500 on the
cost of installation, rent, hire or purchase for electric vehicle charging
facilities will serve as a catalyst for the growth of the industry. Increasing
awareness on environmental impacts and consumer’s consciousness towards
limiting carbon footprint will also contribute in increasing the business
potential of EV players. The increasing government efforts in electrification
of two-wheelers coupled with efforts towards making Malaysia the regional hub
of energy efficient vehicles is expected to drive the growth of the two-wheeler
market in the next five years.
Request for Free Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTg0MjY0
Key Topics
Covered in the Report:
- Ecosystem of Electric two-wheeler Vehicles
Industry
- Value Chain Analysis of Electric two-wheeler
Vehicles Industry
- Business Models of Major Entities in the
Electric two-wheeler Vehicles Industry
- Customer Preferences and Buying Decision
Behavior in Electric two-wheeler Vehicles Industry
- Market Size of Electric two-wheeler Vehicles
Industry by Transaction Value and Sales Volume
- Market Potential of Malaysia Electric
two-wheeler Vehicles Market
- Market Segmentation of Electric two-wheeler
Industry by type of electric 2 wheelers, type of battery capacity, type of
battery technology, type of voltage, and by battery type
- Competitive Scenario of the Electric
two-wheeler Vehicles Industry
- Issues and Challenges in Electric two-wheeler
Vehicles Market
- Trends and Developments in the Electric
two-wheeler Vehicles Industry
- Porter’s Five Forces analysis of the Electric
two-wheeler Vehicles Industry
- Growth Drivers of Electric two-wheeler
Vehicles Industry
- Challenges and Restraints in the Electric
two-wheeler Vehicles Industry
- Government Rules and Regulations in the Electric
Vehicles two-wheeler Industry
- Impact of Covid-19 and Government Regulations
on Electric two-wheeler Vehicles Industry
- Future Market Size of Electric two-wheeler
Vehicles Industry by Transaction Value and Sales Volume
- Future Market Segmentation of Electric
two-wheeler Vehicles Industry by type of electric 2 wheelers, type of
battery capacity, type of battery technology, type of voltage, by battery
type
- Industry Speaks
- Analyst Recommendations
- Research Methodology
Related
Reports
Contact Us:-
Ken
Research
Ankur
Gupta, Head Marketing & Communications
No comments:
Post a Comment