The Global Electric Two-Wheeler Sharing Market Size is Estimated to be USD 11750 Million in 2028

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Electric two-wheeler sharing is a form of personal public transport that draws on collaborative consumption models of the sharing economy to provide a shared fleet of electric-assist pedal vehicles.

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According to our (Global Info Research) latest study, due to COVID-19 pandemic, the global Electric Two-Wheeler Sharing market size is estimated to be worth US$ 2821.5 million in 2021 and is forecast to a readjusted size of USD 11750 million by 2028 with a CAGR of 22.6% during forecast period 2022-2028.

There are currently two main business models for Electric Two-Wheeler Sharing. One is the direct sales model, in which the operator is divided into 100%; the other is the franchise (agent) model.

At present, the number of electric vehicles in possession exceeds 300 million. Statistics have found that putting one sharing Electric Two-Wheeler can save the production of Electric Two-Wheeler. At present, the cumulative amount of shared Electric Two-Wheeler has exceeded 2 million. Compared with the ownership and production of electric vehicles in terms of volume, it is still relatively small, and the market space is relatively large.

Electric Two-Wheeler operators mostly use OEM production, which requires cooperative production of electric vehicles. For example, Meituan’s partners include Battle and SUNRA, and DiDi Bike’s partners is Forever, but now they are also seeking their own brands, such as Hello Travel. At present, the main foundries are Yadea, Niu Technologies, AIMA, TAILG, Xiaodao Ebike, Xinri, SUNRA, etc.

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