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

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

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

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