Global Market Research Reports : Ken Research: Future Outlook of Electric Two-Wheeler Vehicles Industry

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Thursday, August 18, 2022

Malaysia Electric two-wheeler Vehicle Industry is expected to increase Electric two-wheeler sales revenue at a CAGR of ~6% between 2021 and 2026: Ken Research

Key Findings

Increasing government push is likely to boost sales of Electric Vehicles due to exemption of taxes and duties
Lack of market leaders and ease of entry will act a positive reinforcement for emergence of newer homegrown EV manufacturing companies
Increasing technological advancement and emergence of Electric Mobility-as-a-Service (EMaaS) will be witness in the EV space

Increasing Government Support and Initiatives:

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. Some of these measures include manufacturing and consumer subsidies, tax and insurance adjustments for electric and more pollutive vehicles and mandating fuel economy standards and consumption limits. 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. In addition to economic instruments, the provision of a friendly regulatory structure and long-term commitment by the government through sustainable business models will attract investment by the private sector. The participation of the private sector will accelerate the adoption of EVs as more resources such as funding, talent, and facilities can be tapped.

Malaysia Electric Two-Wheeler Market Overview

There are few electric 2-wheeler brands in Malaysia. A new company entering the market can easily establish itself in the market with a better business model and strategy. Companies have incentives to enter the industry, as it is still at a nascent stage and is expected to grow. For example, Honda plans to launch four electric two-wheelers by 2024.

Increasing Technological Advancements:

The major reason for the affordable prices of electric scooters and bikes is the advancement in battery technology. The decline in electric vehicle battery cost has an overall impact on the cost of an electric vehicle. OEMs are investing capital in research and development to further increase the efficiency of the electric battery along with the reducing their cost.

Battery Swapping Technology is pioneering Electric Mobility-as-a-Service (EMaaS) in Malaysia, by developing Smart Swap – a game-changing turnkey solution for a battery-swapping infrastructure for Electric Motorcycles.

Increase in charging infrastructure:

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 plans to build 25,000 public charging points and 100,000 private charging points by 2030.

Saving the Environment:

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. Transitioning this fleet to electric models will help reduce pollution and greenhouse gas emissions, especially when properly integrated into public transport systems

The publication titled “Malaysia Electric Two-Wheeler Market Outlook to 2026: Driven by increase in awareness about alternative fuel, advancements in battery technology, and growing demand of two-wheelers in B2B Services” provides a comprehensive analysis of the electric two-wheeler vehicle industry by analyzing historical statistics and corresponding developments in the electric vehicles market. The market growth declined during COVID as manufacturing activities were on halt and the supply chain got disrupted. Given the consolidated structure in the electric vehicle industry, analysts have elaborated on competitive landscape of major electric 2-wheelers players on the basis of models launched, product prices, technology type and other operational parameters. The report also covers a snapshot on player’s business model, value chain analysis, growth drivers, Porters 5 forces analysis, impact of COVID-19 and factors governing the future outlook of industry. The report also provides comprehensive insight on the market size and segmentation of the electric two-wheelers industry. The report focuses on Electric two-wheeler Vehicle Market segmentation by Type of Electric two-wheeler Vehicle, Type of Battery Capacity, Type of Battery Technology, Type of Voltage used, and Type of Battery used. The report highlights the pain points of the electric vehicles industry along with detailed company profiles of major electric 2-wheeler brands. The report concludes with projections for future industry market size, market segmentations and analyst take on future market scenario.

Key Segments Covered in Malaysia Electric Two Wheeler Vehicles Industry

By Type of Electric 2-wheelers
Electric scooter
Electric motorcycle

By Type of Battery Capacity for electric 2 wheelers
<25Ah
>25Ah

By Battery Technology Type for electric 2 wheelers
Removable batteries
Non-removable batteries

By Voltage Type for electric 2 wheelers
24V
36V
48V
60V
72V

By Battery Type for electric 2 wheelers
Lithium-Ion
Sealed Lead Acid

Request for Free Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTg0MjY0

Time Period Captured in the Report:

Historical Period: 2016-2021
Forecast Period: 2022F-2026F

Malaysia Electric Two-Wheeler Vehicles Industry Players

Electric 2 wheelers
Eclimo
Treeletrik
NIU

Key Topics Covered in the Report

Electric two-wheeler Vehicles Industry Future Outlook
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

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Ken Research

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Thursday, August 4, 2022

Malaysia Electric Two-Wheeler Market Growth Strategy 2022 Industry Key Players, Future Outlook, Size, Share, Growth, Trends and Forecast 2021–2026: Ken Research

The publication titled “Malaysia Electric Two-Wheeler Market Outlook to 2026: Driven by increase in awareness about alternative fuel, advancements in battery technology, and growing demand of two-wheelers in B2B Services” provides a comprehensive analysis of the electric two-wheeler vehicle industry by analyzing historical statistics and corresponding developments in the electric vehicles market. The market growth declined during COVID as manufacturing activities were on halt and the supply chain got disrupted. Given the consolidated structure in the electric vehicle industry, analysts have elaborated on competitive landscape of major electric 2-wheelers players on the basis of models launched, product prices, technology type and other operational parameters. The report also covers a snapshot on player’s business model, value chain analysis, growth drivers, Porters 5 forces analysis, impact of COVID-19 and factors governing the future outlook of industry. The report also provides comprehensive insight on the market size and segmentation of the electric two-wheelers industry. The report focuses on Electric two-wheeler Vehicle Market segmentation by Type of Electric two-wheeler Vehicle, Type of Battery Capacity, Type of Battery Technology, Type of Voltage used, and Type of Battery used. The report highlights the pain points of the electric vehicles industry along with detailed company profiles of major electric 2-wheeler brands. The report concludes with projections for future industry market size, market segmentations and analyst take on future market scenario.

Malaysia Electric Two Wheeler Market Overview:

Electric Two Wheeler Market in Malaysia recorded a positive CAGR 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.

Malaysia Electric Two Wheeler Market Segmentation

By Type of Electric two-wheeler (e-scooter and e-motorcycle): E-Motorcycle dominated the Electric two-wheeler market in Malaysia in 2021. The rise of taxi and delivery services created demand for e-motorcycle.

By Type of E2V Battery Capacity (<25Ah and >25Ah): In 2021, Electric 2-Wheelers using a battery capacity of <25Ah dominated the market. 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): Non Removable Battery dominated the Electric two-wheeler market in Malaysia in 2021. The chassis of EVs with fixed battery packs are relatively simple, and are easy to manufacture.

By Type of E2V Voltage Type (24V, 36V, 48V, 60V, 72V): Electric 2-Wheelers using a voltage of 48V dominated the Electric 2-Wheeler market in Malaysia. A battery of voltage 48V lasts between 3 and 5 years if it is well maintained.

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’s Electric Two Wheeler Vehicle Industry

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.

Malaysia Electric Two Wheeler Vehicle Industry Future Outlook and Projections

Electric two-wheeler industry in Malaysia is estimated to expand 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.