Japan electric two-wheeler market is estimated to grow at a considerable CAGR during the forecast period. The declining price of lithium-ion batteries, rapidly increasing adoption of Electric Vehicles (EVs), and the increasing renewable energy sector are the key factors to make a considerable contribution towards the growth of the electric two-wheeler market in the country. Japan is one of the members of the EV30@30 Campaign that aims to accelerate the deployment of EVs. In 2018, the country had set a target of 15-20% EV sales in Passenger Light-duty Vehicles (PLDVs) by 2020 and 20-30% by 2030, which is further supporting the deployment of electric two-wheelers market in the country.
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The market is segmented on the basis of Two-Wheeler type, battery type, and battery technology. 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. Based on battery technology, the market is sub-segmented into battery-electric two-wheelers and plug-in hybrid electric two-wheelers.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Japan Electric Two-Wheeler Market Report Segment
By Product Type
- Scooter
- Motorcycle
By Battery Type
- NiMH
- Li-ion
- Others
By Battery Technology
- Battery Electric Vehicles
- Plug-in Hybrid Electric Vehicles
The Report Covers
- Comprehensive research methodology of the Japan 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 Japan Electric Two-Wheeler market.
- Insights about market determinants which are stimulating the Japan Electric Two-Wheeler market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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