Showing posts with label Malaysia Electric Two-Wheeler Industry. Show all posts
Showing posts with label Malaysia Electric Two-Wheeler Industry. Show all posts

Wednesday, August 10, 2022

Malaysia Electric Two-Wheeler Market Size 2022 COVID-19 Impact Analysis by Business Opportunities, Key Manufacturers, Growth Drivers and Future Outlook 2026: Ken Research

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

UAE Electric Vehicle Charging Equipment Market Outlook To 2026: Driven By Government Support And Incentives With The Increasing Focus To Achieve Green And Sustainable Economy

Malaysia Automotive Lubricant Market Outlook To 2025- Driven By Growing Adoption Of High-Performance Lubricants, Increasing Vehicles On Road Coupled With The Availability Of Products On E-Commerce Platforms

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

support@kenresearch.com

+91-9015378249

Monday, August 8, 2022

Malaysia Electric Two-Wheeler Market- Growth, Trends, Covid-19 Impact & Forecasts 2026: Ken Research

Increase in awareness about alternative fuel, advancements in battery technology, and growing demand of two-wheelers in B2B Services will contribute to the growth of Electric two-wheeler Vehicle Industry in Malaysia ~ Ken Research Consumer preferences and buying decision behavior The electric two-wheeler vehicle market is at a very nascent stage. Public awareness needs to be strengthened to encourage more users to switch to EVs. This includes continuously raising awareness on the benefits of EVs – particularly about its range and reliability, ensuring the readiness of infrastructure, and promote benefits including the current incentives offered for electric scooters & electric motorcycles. Consumers started preferring and realized the need for an electric vehicle, especially 2W, when the mechanical shops were closed during COVID-19 lockdown in 2020. Consumers are thinking to shift to electric vehicles also because, during Budget 2022, the government proposed that EVs be completely exempt from import duty, excise duty and sales tax. EVs will also benefit from a road tax exemption of up to 100% under the proposal, while an income tax relief of up to RM2,500 will be provided on the cost of purchasing and installing, renting or taking up hire purchase facilities, as well as subscription payments of EV charging facilities. As fuel prices climb, consumers prefer to switch to battery-powered electric bikes and scooters. Alternative fuel awareness among consumers is growing, battery technology and R&D efforts are advancing, and manufacturers are concentrating on producing electric two-wheelers.


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.
Technological advancements in battery technology
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. OEMs are investing capital in research and development to further increase the efficiency of the electric battery along with the reducing their cost. Most of the light electric vehicles run on lithium-ion batteries, for which manufacturers are researching to increase its charging capacity. Solid-state batteries are to be the next-generation battery technology that can resolve a lot of the current problems.
Impact of COVID-19 on Electric Vehicles Industry
The COVID-19 pandemic had a negative impact on the market as manufacturing activities were on halt for several months in the first half of the year 2020. Also, the disrupted supply chain and the shortage of raw materials in the year 2021 had a negative impact on the growth of the market. Malaysia is along major sea trade routes and due to the lockdown and shutdown of countries, the sea trade has also come to a halt, stopping transport of vehicles across the world. However, the gradual opening of the market in the later stages of 2020 and 2021 has paved way for economic revival of the market. The Covid-19 pandemic also had a significant impact on household income according to a study conducted by the Department of Statistics. The Covid-19 impact study on household income in Malaysia for 2020 revealed that the number of poor households increased to 639,800 in 2020, up from 405,400 in 2019. This largely affected the sale of electric vehicles in Malaysia. 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
Request for Free Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTg0MjY0
  • By Voltage Type for electric 2 wheelers
  • 24V
  • 36V
  • 48V
  • 60V
  • 72V
  • By Battery Type for electric 2 wheelers
  • Lithium-Ion
  • Sealed Lead Acid
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
  • 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 UAE Electric Vehicle Charging Equipment Market Outlook To 2026: Driven By Government Support And Incentives With The Increasing Focus To Achieve Green And Sustainable Economy Malaysia Automotive Lubricant Market Outlook To 2025- Driven By Growing Adoption Of High-Performance Lubricants, Increasing Vehicles On Road Coupled With The Availability Of Products On E-Commerce Platforms Malaysia Used Car Market Outlook To 2026F (Third Edition) – Demand For Used Cars Increased Due To Shift In User Preference Towards Personal Mobility, Induced By Covid-19 
Contact Us:- 
Ken Research 
Ankur Gupta, Head Marketing & Communications
+91-9015378249

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.

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

  • 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

UAE Electric Vehicle Charging Equipment Market Outlook To 2026: Driven By Government Support And Incentives With The Increasing Focus To Achieve Green And Sustainable Economy

Malaysia Automotive Lubricant Market Outlook To 2025- Driven By Growing Adoption Of High-Performance Lubricants, Increasing Vehicles On Road Coupled With The Availability Of Products On E-Commerce Platforms

Malaysia Used Car Market Outlook To 2026F (Third Edition) – Demand For Used Cars Increased Due To Shift In User Preference Towards Personal Mobility, Induced By Covid-19

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

support@kenresearch.com

+91-9015378249