The two-wheeler industry is undergoing an exciting transformation. As electric capabilities, connected technologies, and advanced rider assistance systems (ARAS) are reshaping motorcycles, scooters, and mopeds, the innovations rival even those in the automotive industry. With electric two-wheelers (E2Ws) emerging as a game-changer, OEMs and startups alike are pushing boundaries to capitalize on this growing sector.
Here’s a look at the significant shifts fueling this industry’s growth:
- Transition to Electric: Electric two-wheelers (E2Ws) saw an impressive 26% growth between 2022 and 2023.
- Battery Innovations: Sodium-ion and solid-state batteries are expected to dominate the industry within the next 3-5 years, enhancing efficiency and sustainability.
- Connected eBikes Surge: The demand for connected eBikes, offering telematics and smartphone integration, is set to grow at a CAGR of 43.3% from 2023 to 2028.
Click here to access our detailed growth analyses revealing lucrative opportunities involving eBikes, connected bikes, and E2W batteries.
Companies to Action: Key Players to Watch
Honda’s eBikes
Honda is a leading player in the electric motorcycle industry, selling over 18.8 million units annually. Its next-gen technologies, like the eClutch system, make urban traffic navigation easier and smoother.
BMW’s Connected Bikes
BMW Motorrad’s connected platform integrates smart technologies such as riding jackets, connected sunglasses, and advanced communication systems, making riding safer and smarter.
CATL’s EV Batteries
The Shenxing battery from CATL or Contemporary Amperex Technology Co., Limited, offers an impressive 400 km (248 miles) range on a 10-minute charge, setting new standards for fast-charging electric vehicles.
Driving Innovation: Strategic Imperatives for Success
As the two-wheeler ecosystem evolves, staying ahead requires strategic focus on key areas:
- Battery Optimization: Partnerships between E2W manufacturers and battery companies can help enhance vehicle performance, lifespan, and sustainability.
- Connectivity: OEMs and telematics providers can collaborate to improve fleet management and rider experiences.
- Industry Convergence: Automakers, Tier 1 suppliers, and startups can combine efforts to accelerate the development of connected motorcycles and eBikes.
Access our latest Transformational Growth Perspectives for strategic imperatives, growth opportunities, and best practices to thrive in this fast-evolving domain.
Are you Prepared to Seize the Opportunity?
At Frost & Sullivan, we’re committed to helping you unlock growth in this rapidly evolving landscape. Download our latest Growth Perspective to deep-dive into the key growth opportunities reshaping the two-wheeler ecosystem. Here’s a sneak peek:
- Maximizing Electric Capabilities:
Hybrid motorcycles are gaining popularity. However, customers demand more advanced features such as start-stop technology and electric motor drive functionalities. - Building a Battery Recycling Ecosystem:
With the rise of electric scooters comes an increase in electronic waste. OEMs are collaborating with battery makers and recyclers to develop a sustainable battery recycling ecosystem. - Strengthening Ride-Sharing and Last-Mile Delivery:
Connected technologies like GPS tracking and geofencing are helping fleet operators optimize ride-sharing and last-mile delivery operations.
Ready to Lead the Two-Wheeler Revolution?
Access our Transformational Growth Perspectives to learn how your company can capitalize on emerging trends, strategic imperatives, and best practices in the world of electric and connected two-wheelers.
