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Indonesia $800+ Million Electric Two Wheeler Markets, Competition, Forecast & Opportunities, 2025
Dublin, Jan. 07, 2021 (GLOBE NEWSWIRE) -- The "Indonesia Electric Two Wheeler Market, By Vehicle Type (Electric Motorcycle and Electric Scooters/Mopeds), By Battery Capacity, By Battery Type, Competition, Forecast & Opportunities, 2025" report has been added to ResearchAndMarkets.com's offering.
The Indonesian Electric Two Wheeler Market was valued over USD 364.42 Million in 2019 and is forecast to grow at CAGR of 20.96% to reach USD 816.22 Million by 2025.
This is due to increasing concerns about GHG emissions coupled with government support in the form of incentives and schemes aimed at encouraging the manufacturing of electric vehicles in the country. However, high charging time can hinder the growth of the market. Additionally, increasing online sales of electric vehicles coupled with growing domestic manufacturing would further steer growth in the Indonesian Electric Two Wheeler Market during the next five years.
The Indonesian Electric Two Wheeler Market can be segregated based on vehicle type, battery capacity, battery type, region and company. In terms of battery type, the market can be bifurcated into lithium ion and lead acid. Lead acid battery is expected to dominate the market until 2025 due to its cost effectiveness; however, the other battery type, i.e. lithium ion or Li-ion is expected to witness significant demand due to low charging time when compared with its lead acid counterparts. Based on vehicle type, electric moped or scooters dominated the market and the trend is likely to continue in the coming years as well. This is due to growing number of female drivers and maneuverability offered by moped or scooters.
Major companies operating in the electric two wheeler market of Indonesia include Viar Motor Indonesia, Shandong Incalcu Electric Vehicle Co., Ltd, Segway Inc., Zero Motorcycles, Inc., Selis (PT Juara Bike), Niu Indonesia and Garansindo Electric Scooter ITS. Indonesia is the world's biggest producer of nickel ore, which is among the vital components of electric vehicle batteries.
The companies are forming joint ventures to produce electric vehicle batteries in the country. For e.g.: Indonesia Battery Holding, new venture which is to be formed between state miners MIND ID and Aneka Tambang (ANTAM) to make batteries for electric vehicles in near future. The company will soon start the production of electric vehicles in the country.
Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021-2025
Key Topics Covered:
1. Product of Interest Introduction: Electric Two Wheeler
2. Research Methodology
3. Impact of COVID-19 on Indonesia Electric Two Wheeler Market
4. Executive Summary
5. Voice of Customer
5.1. Brand Recall
5.2. Factors Influencing Purchase Decision
5.3. Brand Satisfaction Level
5.4. Challenges & Unmet Needs
6. Indonesia Electric Two Wheeler Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Vehicle Type (Electric Motorcycle and Electric Scooters/Mopeds)
6.2.2. By Battery Capacity (&lessThan; 25 Ah and >25 Ah)
6.2.3. By Battery Type (Lead Acid and Li-ion)
6.2.4. By Region
6.2.5. By Company
6.3. Market Attractiveness Index
7. Indonesia Electric Motorcycle Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Battery Capacity
7.2.2. By Battery Type
7.3. Market Attractiveness Index (By Battery Type)
8. Indonesia Electric Scooters/Mopeds Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Battery Capacity
8.2.2. By Battery Type
8.3. Market Attractiveness Index (By Battery Type)
9. Market Dynamics
10. Import & Export Analysis
11. Market Trends & Developments
12. Indonesia Economic Profile
13. Competitive Landscape
13.1. Viar Motor Indonesia
13.2. Shandong Incalcu Electric Vehicle Co., Ltd
13.3. Segway Inc.
13.4. Zero Motorcycles, Inc.
13.5. Selis (PT Juara Bike).
13.6. Niu Indonesia
13.7. Garansindo Electric Scooter ITS
14. Strategic Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/2zs8gp
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