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Electric Two Wheeler Market Size, Share and Forecast 2026-2036

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.

USD 27.5 bnMarket size 2026
USD 71.3 bnForecast 2036
10.0%CAGR 2026-2036
ChinaLargest country

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5 segmentation views25 countries2026 to 2036 yearly forecast

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.

ScopeNew electric motorcycles, scooters and mopeds, including mopeds-style electric two-wheelers, sold at retail value; pedal-assist bicycles are not counted.
IndustryAutomotive
Value 2025USD 25.0 bn
Value 2026USD 27.5 bn
Value 2036USD 71.3 bn
CAGR 2026-203610.0%
Volume 202640.0 million units
Volume 2036115 million units
Average price 2026USD 688 per unit
Report priceStarts from USD 1,999
PublishedNovember 2026

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Electric Two Wheeler market size and forecast, 2026-2036

Exhibit 1The global electric two wheeler market is forecast to grow from USD 27.5 bn in 2026 to USD 71.3 bn by 2036, more than doublingGlobal market value in USD: 2025 base year, 2026 estimate and forecast to 2036. CAGR 2026 to 2036: 10.0%
Electric Two Wheeler market value, 2025 to 2036Market value by year. 2025: USD 25.0 bn; 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. Compound annual growth rate 2026 to 2036: 10.0%.202527.5 bn202644.3 bn203171.3 bn203610.0% CAGR

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

YearMarket value
2026USD 27.5 bn
2027USD 30.3 bn
2028USD 33.3 bn
2029USD 36.6 bn
2030USD 40.3 bn
2031USD 44.3 bn
2032USD 48.7 bn
2033USD 53.6 bn
2034USD 58.9 bn
2035USD 64.8 bn
2036USD 71.3 bn

Electric Two Wheeler market segmentation

By type

Exhibit 2Electric scooters and mopeds is the largest segment by type, with 62.0% of 2026 revenueEstimated share of 2026 global revenue, by type
Electric Two Wheeler market share by type, 2026Share of 2026 revenue by type. Electric scooters and mopeds: 62.0%; Light electric two-wheelers: 20.0%; Electric motorcycles: 18.0%.Electric scooters and mopeds62.0%Light electric two-wheelers20.0%Electric motorcycles18.0%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Electric scooters and mopeds62.0%54.5%USD 17.1 bn8.6%
Electric motorcycles18.0%29.5%USD 5.0 bn15.6%
Light electric two-wheelers20.0%16.0%USD 5.5 bn7.6%

By battery

Exhibit 3Lithium-ion adds the most revenue by battery, growing from USD 15.1 bn in 2026 to USD 47.8 bn by 2036Estimated revenue in USD by battery, 2026 and 2036 forecast
Electric Two Wheeler market by battery, 2026 and 2036Revenue by battery in 2026 and 2036. Lithium-ion: USD 15.1 bn in 2026, USD 47.8 bn in 2036, change +216%; Lead-acid: USD 11.0 bn in 2026, USD 12.6 bn in 2036, change +15%; Other chemistries: USD 1.4 bn in 2026, USD 10.9 bn in 2036, change +694%.20262036 forecastChangeLithium-ion+216%15.1 bn47.8 bnLead-acid+15%11.0 bn12.6 bnOther chemistries+694%1.4 bn10.9 bn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Lithium-ion55.0%67.0%USD 15.1 bn12.2%
Lead-acid40.0%17.7%USD 11.0 bn1.4%
Other chemistries5.0%15.3%USD 1.4 bn23.0%

By motor power

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Below 3 kW58.0%46.0%USD 15.9 bn7.5%
3 to 10 kW31.0%36.0%USD 8.5 bn11.7%
Above 10 kW11.0%18.0%USD 3.0 bn15.6%

By end use

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Personal commuting63.0%56.0%USD 17.3 bn8.7%
Delivery and fleet27.0%32.0%USD 7.4 bn11.9%
Shared mobility10.0%12.0%USD 2.8 bn12.0%

By battery arrangement

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Fixed battery61.0%50.0%USD 16.8 bn7.8%
Removable battery30.0%33.0%USD 8.2 bn11.1%
Swappable battery9.0%17.0%USD 2.5 bn17.2%

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%.

Exhibit 4China is the largest country market at USD 17.1 bn in 2026, and the three largest countries hold 74.0% of global revenueEstimated 2026 revenue in USD and share of the global market, ten largest countries
Electric Two Wheeler market, ten largest countries in 2026Ten largest countries by 2026 revenue. China: USD 17.1 bn, 62.0%; India: USD 2.5 bn, 9.0%; Vietnam: USD 825 mn, 3.0%; United States: USD 688 mn, 2.5%; Indonesia: USD 688 mn, 2.5%; Taiwan: USD 550 mn, 2.0%; France: USD 412 mn, 1.5%; Italy: USD 358 mn, 1.3%; Germany: USD 330 mn, 1.2%; Thailand: USD 330 mn, 1.2%.China17.1 bn 62.0%India2.5 bn 9.0%Vietnam825 mn 3.0%United States688 mn 2.5%Indonesia688 mn 2.5%Taiwan550 mn 2.0%France412 mn 1.5%Italy358 mn 1.3%Germany330 mn 1.2%Thailand330 mn 1.2%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

#CountryValue 2026Share 2026Value 2036CAGR 2026-36
1ChinaUSD 17.1 bn62.0%USD 35.6 bn7.6%
2IndiaUSD 2.5 bn9.0%USD 12.6 bn17.6%
3VietnamUSD 825 mn3.0%USD 2.5 bn11.7%
4United StatesUSD 688 mn2.5%USD 2.1 bn11.6%
5IndonesiaUSD 688 mn2.5%USD 4.1 bn19.7%
6TaiwanUSD 550 mn2.0%USD 927 mn5.4%
7FranceUSD 412 mn1.5%USD 1.1 bn10.0%
8ItalyUSD 358 mn1.3%USD 927 mn10.0%
9GermanyUSD 330 mn1.2%USD 856 mn10.0%
10ThailandUSD 330 mn1.2%USD 1.3 bn14.6%
11SpainUSD 330 mn1.2%USD 742 mn8.4%
12JapanUSD 330 mn1.2%USD 742 mn8.4%
13United KingdomUSD 330 mn1.2%USD 742 mn8.4%
14NetherlandsUSD 330 mn1.2%USD 742 mn8.4%
15PhilippinesUSD 300 mn1.1%USD 849 mn11.0%
16BrazilUSD 258 mn0.9%USD 735 mn11.0%
17NepalUSD 223 mn0.8%USD 635 mn11.0%
18BelgiumUSD 192 mn0.7%USD 435 mn8.5%
19TurkeyUSD 168 mn0.6%USD 478 mn11.0%
20BangladeshUSD 146 mn0.5%USD 414 mn11.0%
21ColombiaUSD 124 mn0.5%USD 357 mn11.2%
22AustriaUSD 107 mn0.4%USD 243 mn8.5%
23SwitzerlandUSD 94 mn0.3%USD 207 mn8.3%
24MalaysiaUSD 80 mn0.3%USD 228 mn11.1%
25PakistanUSD 69 mn0.2%USD 200 mn11.2%
Rest of worldUSD 715 mn2.6%USD 1.7 bn8.8%
Exhibit 5China and India account for 65% of the USD 43.8 bn the market is forecast to add by 2036Forecast revenue added between 2026 and 2036 by country, in USD
Electric Two Wheeler market, where the growth to 2036 comes fromRevenue added between 2026 and 2036. Market value 2026: USD 27.5 bn. China: +USD 18.5 bn; India: +USD 10.1 bn; Indonesia: +USD 3.4 bn; Vietnam: +USD 1.7 bn; United States: +USD 1.4 bn; 20 other countries: +USD 7.8 bn; Rest of world: +USD 954 mn. Market value 2036: USD 71.3 bn.Market value 202627.5 bnChina+18.5 bnIndia+10.1 bnIndonesia+3.4 bnVietnam+1.7 bnUnited States+1.4 bn20 other countries+7.8 bnRest of world+954 mnMarket value 203671.3 bn

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.

Read the full research methodology

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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