Market overview
The global electric two wheeler market is worth USD 27.5 bn in 2026 and is forecast to reach USD 71.3 bn by 2036, growing at a 10.0% CAGR. China is the largest country market and Electric scooters and mopeds is the largest by type segment.
| Scope | New electric motorcycles, scooters and mopeds, including mopeds-style electric two-wheelers, sold at retail value; pedal-assist bicycles are not counted. |
|---|---|
| Industry | Automotive |
| Value 2025 | USD 25.0 bn |
| Value 2026 | USD 27.5 bn |
| Value 2036 | USD 71.3 bn |
| CAGR 2026-2036 | 10.0% |
| Volume 2026 | 40.0 million units |
| Volume 2036 | 115 million units |
| Average price 2026 | USD 688 per unit |
| Report price | Starts from USD 1,999 |
| Published | November 2026 |
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Electric Two Wheeler market size and forecast, 2026-2036
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Year | Market value |
|---|---|
| 2026 | USD 27.5 bn |
| 2027 | USD 30.3 bn |
| 2028 | USD 33.3 bn |
| 2029 | USD 36.6 bn |
| 2030 | USD 40.3 bn |
| 2031 | USD 44.3 bn |
| 2032 | USD 48.7 bn |
| 2033 | USD 53.6 bn |
| 2034 | USD 58.9 bn |
| 2035 | USD 64.8 bn |
| 2036 | USD 71.3 bn |
Electric Two Wheeler market segmentation
By type
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Electric scooters and mopeds | 62.0% | 54.5% | USD 17.1 bn | 8.6% |
| Electric motorcycles | 18.0% | 29.5% | USD 5.0 bn | 15.6% |
| Light electric two-wheelers | 20.0% | 16.0% | USD 5.5 bn | 7.6% |
By battery
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Lithium-ion | 55.0% | 67.0% | USD 15.1 bn | 12.2% |
| Lead-acid | 40.0% | 17.7% | USD 11.0 bn | 1.4% |
| Other chemistries | 5.0% | 15.3% | USD 1.4 bn | 23.0% |
By motor power
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Below 3 kW | 58.0% | 46.0% | USD 15.9 bn | 7.5% |
| 3 to 10 kW | 31.0% | 36.0% | USD 8.5 bn | 11.7% |
| Above 10 kW | 11.0% | 18.0% | USD 3.0 bn | 15.6% |
By end use
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Personal commuting | 63.0% | 56.0% | USD 17.3 bn | 8.7% |
| Delivery and fleet | 27.0% | 32.0% | USD 7.4 bn | 11.9% |
| Shared mobility | 10.0% | 12.0% | USD 2.8 bn | 12.0% |
By battery arrangement
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Fixed battery | 61.0% | 50.0% | USD 16.8 bn | 7.8% |
| Removable battery | 30.0% | 33.0% | USD 8.2 bn | 11.1% |
| Swappable battery | 9.0% | 17.0% | USD 2.5 bn | 17.2% |
Top 25 countries for electric two wheeler by revenue
Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 86.2% of 2026 revenue and the 25 countries below together hold 97.4%.
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| # | Country | Value 2026 | Share 2026 | Value 2036 | CAGR 2026-36 |
|---|---|---|---|---|---|
| 1 | China | USD 17.1 bn | 62.0% | USD 35.6 bn | 7.6% |
| 2 | India | USD 2.5 bn | 9.0% | USD 12.6 bn | 17.6% |
| 3 | Vietnam | USD 825 mn | 3.0% | USD 2.5 bn | 11.7% |
| 4 | United States | USD 688 mn | 2.5% | USD 2.1 bn | 11.6% |
| 5 | Indonesia | USD 688 mn | 2.5% | USD 4.1 bn | 19.7% |
| 6 | Taiwan | USD 550 mn | 2.0% | USD 927 mn | 5.4% |
| 7 | France | USD 412 mn | 1.5% | USD 1.1 bn | 10.0% |
| 8 | Italy | USD 358 mn | 1.3% | USD 927 mn | 10.0% |
| 9 | Germany | USD 330 mn | 1.2% | USD 856 mn | 10.0% |
| 10 | Thailand | USD 330 mn | 1.2% | USD 1.3 bn | 14.6% |
| 11 | Spain | USD 330 mn | 1.2% | USD 742 mn | 8.4% |
| 12 | Japan | USD 330 mn | 1.2% | USD 742 mn | 8.4% |
| 13 | United Kingdom | USD 330 mn | 1.2% | USD 742 mn | 8.4% |
| 14 | Netherlands | USD 330 mn | 1.2% | USD 742 mn | 8.4% |
| 15 | Philippines | USD 300 mn | 1.1% | USD 849 mn | 11.0% |
| 16 | Brazil | USD 258 mn | 0.9% | USD 735 mn | 11.0% |
| 17 | Nepal | USD 223 mn | 0.8% | USD 635 mn | 11.0% |
| 18 | Belgium | USD 192 mn | 0.7% | USD 435 mn | 8.5% |
| 19 | Turkey | USD 168 mn | 0.6% | USD 478 mn | 11.0% |
| 20 | Bangladesh | USD 146 mn | 0.5% | USD 414 mn | 11.0% |
| 21 | Colombia | USD 124 mn | 0.5% | USD 357 mn | 11.2% |
| 22 | Austria | USD 107 mn | 0.4% | USD 243 mn | 8.5% |
| 23 | Switzerland | USD 94 mn | 0.3% | USD 207 mn | 8.3% |
| 24 | Malaysia | USD 80 mn | 0.3% | USD 228 mn | 11.1% |
| 25 | Pakistan | USD 69 mn | 0.2% | USD 200 mn | 11.2% |
| Rest of world | USD 715 mn | 2.6% | USD 1.7 bn | 8.8% |
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
Competitive landscape
Group 1: Global leaders
- Yadea
- Niu Technologies
- Ola Electric
- Ather Energy
- TVS Motor
- Bajaj Auto
Group 2: Regional and specialist players
- Segway-Ninebot
- Gogoro
- Greaves Electric Mobility
- Hero MotoCorp
- Honda
- Okinawa Autotech
- Kymco
- AIMA Technology
- Vmoto
Group 3: Emerging and niche players
- Zero Motorcycles
- LiveWire
- Damon Motors
- Horwin
- Ultraviolette Automotive
- River Mobility
Research methodology
Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the electric two wheeler market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.
The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 10.0% is calculated from the resulting values.
The market is divided by type, by battery, by motor power, by end use, by battery arrangement. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.
Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.
Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.
Frequently asked questions
How big is the electric two wheeler market?
The global electric two wheeler market is estimated at USD 25.0 bn in 2025 and USD 27.5 bn in 2026.
How fast will the electric two wheeler market grow?
It is forecast to reach USD 71.3 bn by 2036, a compound annual growth rate of 10.0% from 2026, an increase of USD 43.8 bn.
Which country is the largest market for electric two wheeler?
China is the largest market by revenue at USD 17.1 bn in 2026, 62.0% of the global total. The three largest countries together hold 74.0%.
Which country is growing fastest?
Among the ten largest markets, Indonesia is growing fastest at 19.7% a year from 2026 to 2036.
Which electric two wheeler segment is largest?
In the by type split, Electric scooters and mopeds is the largest segment with 62.0% of 2026 revenue.
Who are the leading electric two wheeler companies?
Global leaders include Yadea, Niu Technologies, Ola Electric, Ather Energy.
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