UK Electric Two-Wheeler Market 2019-2025
発行: Orion Market Research Pvt Ltd
UK electric two-wheeler market is estimated to grow at a considerable CAGR during the forecast period.The increasing government initiatives and subsidies along with the need to control pollution is the key factor to propel the growth of the UK electric-two wheelers market.Under the framework of the Green Car Initiative started in November 2008, the European economic recovery plan had been presented. Under economic recovery plan, the European Commission will support a Europe-wide electromobility initiative, Green eMotion, worth $46.1 million, in partnership with 42 partners from industry, utilities, electric car manufacturers, municipalities, universities and technology, and research institutions. As per the action plan, the European Commission will make $26.7 million available to finance part of the initiative's activities.This initiative is intended to exchange and develop know-how and experience in selected regions within Europe such as UK as well as facilitate the market roll-out of electric vehicles in Europe which in turn is expected to drive the UK electric two-wheeler market.
The market is segmented on the basis of product type and battery type. Based on the product type, the market is sub-segmented into electric scooters and electric motorcycles Based on the battery type, the market is sub-segmented into NiMH, Li-Ion, and others. The decline in cost of li-ion battery and inherent benefits offered by these batteries including smaller size, lighter weight, and higher energy density is anticipated to drive the market share of these batteries.
Some of the major companies which are contributing to the growth of the European electric two-wheeler market include Hero Electric Vehicles Pvt. Ltd., Jiangsu Xinri E-Vehicle Co., Ltd, Mahindra & Mahindra Ltd., Tork Motors, Ujet S.A., and others. The market players are considerably contributing to the market growth by adopting various growth strategies such as new product innovations, mergers & acquisitions, joint ventures and so onto stay competitive in the market.
The market study of the UK Electric Two-Wheeler market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
Financial reports of companies involved in the market.
Whitepapers, research-papers, and news blogs.
Company websites and their product catalog.
The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.
The Report Covers:
Comprehensive research methodology of the UK Electric Two-Wheeler market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the UK Electric Two-Wheeler market.
Insights about market determinants that are stimulating the UK Electric Two-Wheeler market.
Detailed and extensive market segments with regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.