#Electric Scooter market in Key Countries

[earaercircular]

The EU gives final green light to removable batteries in mobile phones from 2027 on.

The regulation also establishes a calendar for the recycling of batteries from different devices

The European Council has given the green light last Monday to the new regulation[1] that will make it easier for consumers to change portable batteries in mobile phones and other electronic devices from 2027[2] on, for which date they must be easily removable by users. With this, the Twenty-seven support the provisional political agreement reached last December with the European Parliament on new rules for the design, production and waste management of all types of batteries sold in the EU. The regulation will be signed by the European Council and the European Parliament before it is published in the Official Gazette of the EU and enters into force 20 days later.

This standard aims to create a circular economy for batteries by addressing all stages of the life cycle of these products, from design to production and waste treatment. This initiative is of great importance, since the demand for batteries is expected to increase tenfold in 2030.

The regulation establishes that portable batteries incorporated into devices must be removable and replaceable by the end user by 2027 at the latest, allowing sufficient time for operators to adapt the design of their products to this requirement.

“Batteries are key to the decarbonisation process and the EU shift towards zero emission modes of transport. At the same time, end-of-life batteries contain many valuable resources[3] and we need to be able to reuse those critical raw materials instead of relying on third countries for supplies. The new standards will promote the competitiveness of the European industry and guarantee that the new batteries are sustainable and contribute to the ecological transition”, said Teresa Ribera, third vice president of the Spanish Government and minister for the Ecological Transition and the Demographic Challenge, at the meeting of Ministers of Energy and Environment held in Valladolid.

The regulation will apply to all batteries, including all waste portable batteries; from electric vehicles; from industrial devices; permitting to start, light-up and ignite (SLI), mainly used for vehicles and machinery, and for light means of transportation, such as electric bicycles, electric mopeds and electric scooters.

Circular economy

The new rules aim to promote a circular economy by regulating batteries throughout their life cycle. Therefore, the regulation sets requirements for end of life, including targets and obligations for collection, as well as for material recovery and extended producer responsibility.

The regulation establishes targets for producers to collect portable battery waste (63% by the end of 2027 and 73% by the end of 2030), and introduces a specific collection target for used batteries for light means of transport (51 % by the end of 2028 and 61% by the end of 2031). In addition, there is a target for the recovery of lithium from used batteries (50% by the end of 2027 and 80% by the end of 2031). The latter can be modified by delegation of authority depending on the market and technological advances and the availability of lithium. It also includes mandatory minimum levels of recycled content for industrial batteries, SLI and electric vehicles (16% for cobalt, 85% for lead, 6% for lithium and 6% for nickel.

Finally, the regulation introduces labelling and information requirements, among other things, on battery components and recycled content, and an electronic 'passport' and QR code. In order to give Member States and economic players on the market enough time to prepare, the labelling requirements will have to be applicable from 2026 and the QR code from 2027.

Source

Redacción, La UE da luz verde definitiva a las baterías extraíbles en los teléfonos móviles a partir de 2027, El País, 10-7-2023, https://elpais.com/economia/2023-07-10/la-ue-da-luz-verde-definitiva-a-las-baterias-extraibles-en-los-telefonos-moviles-a-partir-de-2027.html

[1] https://www.europarl.europa.eu/news/en/press-room/20230609IPR96210/making-batteries-more-sustainable-more-durable-and-better-performing

[2] Removable batteries and single charger for the mobile, the difficult dream of the EU. Brussels wants the 'smartphones' to reopen from behind and a universal connection, but collides with the opposition of the manufacturers. https://elpais.com/economia/2022-05-09/baterias-extraibles-y-cargador-unico-para-el-movil-el-dificil-sueno-de-la-ue.html

[3] The three bites of planned obsolescence to the environment. Designing to shorten product life generates more e-waste, but also higher emissions due to increased material extraction and factory activity. https://elpais.com/retina/2020/03/09/tendencias/1583740212_343832.html

[tatatechnologies]

Celebrating India’s EV Journey

Today is World EV Day. The day is observed every year with special awareness campaigns being organized globally to educate people about the benefits of electric vehicles.

While China is the world’s largest EV market, India is the second largest and most promising. Driven by incentives by the Centre and the states, the adoption of EVs is gaining momentum. India’s EV sector is attracting increasing investments in battery technology, charging infrastructure and product options. Some of the biggest brands in the EV space include Tata Nexon in cars, the Mahindra Treo in three-wheelers and Hero Electric and Ola in scooters. In addition, there are a whole lot of startups that are working on various aspects of the EV eco-system.

In this article, Autocar Professional takes you through India’s EV landscape with leaders in the segment commenting on sustainable mobility and a zero-emission future.

Meanwhile, a recent study by Castrol study has highlighted key insights on EV readiness for markets, carmakers, and consumers. Its global survey ‘Switching ON the rEVolution’ covering 10,000 consumers and 100 leaders from car manufacturers in 10 key global markets, including India suggests that 44 percent of consumers surveyed in India are considering an EV for their next vehicle purchase while 55 percent are still considering an ICE vehicle.

Shailesh Chandra, MD, Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility

World EV Day is indeed a special day for us, as we look back and reflect on our journey so far. We are proud to lead the EV market in India, with a lion’s share of 88 percent. As early entrants, we have shaped the market and seen it grow with Nexon EV and Tigor EV. We have over 40,000 Tata EVs plying on road. We have also established Tata UniEVerse, a one of its kind EV ecosystem, which is further propelling the EV adoption.

Santosh Iyer, VP-Sales & Marketing, Mercedes-Benz India

Mercedes-Benz Indian has a very aggressive EV roadmap for the Indian market with three new luxury EVs. We pioneered luxury EVs in India with the EQC in 2020, which received good response from the early adopters in the luxury segment. EQC’s acceptability and market success set the ground for other brands to foray into the luxury EV segment.

Suman Mishra, Mahindra Electric Mobility

We celebrate India’s electrification journey. At Mahindra Last Mile Mobility, we are committed to promoting sustainable motoring with zero emission products. I am confident that with our collective efforts, we can enable a green and smarter tomorrow for India.

Warren Harris, CEO, Tata Technologies

Tata Technologies’ vision of Engineering a better world embodies our commitment to providing sustainable solutions especially in the rapidly growing Electric Vehicle Market. The transition to EV is also an opportunity and would also be synonymous with a move to connected vehicles enabled by ADAS and digital customer experience solutions. Tata Technologies offers end-to-end solutions for engineering, manufacturing support, and customer experience solutions for EVs globally. We have developed an elaborate EV ecosystem through alliances and partnerships across the world, including an alliance with MIH Consortium which enables us to leverage the EV ecosystem to deliver best value for our Customers.

Nagesh Basavanhalli, Executive Vice Chairman, Greaves Cotton

Greaves Electric Mobility owned Ampere is one of the fastest growing electric two-wheeler brands in the Country while the company also operates/owns the rapidly growing e-rickshaw brand Ele (Bestway) and the Teja (MLR Auto) range of L5 category three wheelers. Together the portfolio offers a strong value proposition to electrifying the way people and goods move across our country.

Mahesh Babu, CEO, Switch Mobility India, COO, Switch Mobility

To meet India’s global commitment to become Net Zero by 2070, we need to prioritize not just public transport, but public transport with zero tailpipe emissions. Electric buses are clearly the best and obvious solution to accelerate decarbonisation with increasing mass mobility. It is this imperative that guides us at Switch Mobility — to help India attain its ambitious Net Zero target by offering the society with smart, clean mass mobility solutions that are also technologically advanced, safe and comfortable for passengers. Our vision is to transform mass mobility across cities and highways, and bring about a clean revolution in the way people travel. I take the opportunity on World EV Day 2022 to invite partners and people who share the same vision to jointly achieve this critical transition.

Balbir Singh Dhillon, Head of Audi

We have installed 100+ chargers pan-India and 16 high-speed 50kW chargers across our dealerships located across strategic highways within the country. In line with our global plans to be all-electric by 2033, we are aiming to achieve about 15 percent of our India sales from EVs by 2025–2026. It’s time we start to care for the climate. I think the sooner we realise we are responsible for it, the better it is for all.

Read More: https://www.tatatechnologies.com/en/media-center/celebrating-indias-ev-journey/

[marketresearch758]

Consumer Lithium Battery Market Growth Potential: Size, Share, and Industry Forecast to 2032

The global Consumer Lithium Battery Market has been experiencing robust growth, driven by the rising demand for portable electronic devices, renewable energy storage solutions, and advancements in battery technology. Consumer lithium batteries, known for their high energy density, long lifespan, and lightweight properties, are widely used in various applications ranging from smartphones and laptops to wearables and power tools. This press release explores the market overview, emerging trends, drivers, restraints, segmentation, regional analysis, and future outlook.

Market Overview

The consumer lithium battery market has expanded significantly due to increasing reliance on battery-powered devices and the shift towards sustainable energy solutions. With the growing penetration of smart devices and electric vehicles (EVs), lithium batteries have become a critical component of modern life. According to industry reports, the market is expected to achieve a compound annual growth rate (CAGR) of over 8% during the forecast period.

Free Sample: https://www.statsandresearch.com/request-sample/37883-covid-version-global-consumer-lithium-battery-market

Emerging Trends

Advancements in Battery Chemistry: Innovations such as solid-state lithium batteries and lithium-silicon technology promise higher energy density and safety.

Miniaturization of Batteries: Demand for compact and lightweight batteries is rising with the proliferation of wearables and IoT devices.

Focus on Sustainability: Manufacturers are investing in recycling technologies and eco-friendly materials to reduce the environmental impact of lithium batteries.

Expansion in Renewable Energy Storage: Lithium batteries are increasingly being used for residential and commercial solar energy storage systems.

Market Drivers

Growing Demand for Consumer Electronics: The widespread use of smartphones, laptops, and other electronic devices drives the demand for high-performance lithium batteries.

Shift to Renewable Energy: Rising adoption of solar and wind energy systems fuels the need for efficient energy storage solutions.

Electric Mobility: The rapid growth of e-bikes, e-scooters, and portable EV chargers contributes to the rising demand for lithium batteries.

Technological Innovations: Advancements in fast-charging technology and extended battery life enhance consumer satisfaction and market growth.

Market Restraints

High Production Costs: The complex manufacturing process of lithium batteries leads to higher costs compared to traditional batteries.

Safety Concerns: Risks associated with overheating and potential fire hazards pose challenges to market expansion.

Limited Raw Material Availability: Dependence on critical minerals like lithium, cobalt, and nickel can lead to supply chain disruptions.

Request Discount: https://www.statsandresearch.com/check-discount/37883-covid-version-global-consumer-lithium-battery-market

Market Segmentation

The consumer lithium battery market is segmented based on type, application, and distribution channel.

By Type:

Lithium-Ion (Li-ion)

Lithium-Polymer (Li-Po)

Lithium Iron Phosphate (LiFePO4)

By Application:

Smartphones

Laptops and Tablets

Wearables

Power Tools

Others

By Distribution Channel:

OEM

Retail

Online

Regional Analysis

North America: North America leads the consumer lithium battery market, driven by high adoption of consumer electronics and renewable energy storage systems. The United States is a key contributor to regional growth.

Europe: Europe’s focus on sustainability and renewable energy adoption propels the demand for lithium batteries. Countries like Germany, France, and the UK are prominent markets.

Asia-Pacific: The Asia-Pacific region dominates the market due to the presence of major electronics manufacturers in China, Japan, and South Korea. Increasing urbanization and disposable incomes further boost market growth.

Latin America: The growing electronics market and renewable energy projects in Brazil and Mexico drive regional demand for lithium batteries.

Middle East & Africa: The adoption of lithium batteries in solar energy storage and portable devices supports moderate growth in the region, particularly in the UAE and South Africa.

Future Outlook

The global consumer lithium battery market is poised for sustained growth, driven by advancements in battery technology, increasing consumer reliance on portable devices, and the shift towards renewable energy. Manufacturers are likely to focus on developing high-performance, eco-friendly batteries to address safety concerns and environmental challenges.

The rise of electric mobility and smart devices presents immense opportunities for market players. Collaboration among industry stakeholders, including raw material suppliers, battery manufacturers, and technology providers, will be critical in shaping the future of the market. Moreover, government initiatives promoting green energy and recycling practices are expected to further boost market dynamics.

Full Report: https://www.statsandresearch.com/report/37883-covid-version-global-consumer-lithium-battery-market/

[newsmarketreports]

Bajaj Auto SWOT Analysis: A Comprehensive Look at Its Market Position

Bajaj Auto, one of India’s leading two-wheeler and three-wheeler manufacturers, has earned its place as a prominent player in the global automotive industry. Known for its innovation, quality, and strategic global reach, Bajaj Auto SWOT continues to thrive amidst growing competition. This SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis aims to provide a deeper insight into the company’s current market standing, highlighting key factors that influence its growth trajectory and decision-making process.

Strengths

Strong Brand Reputation Bajaj Auto enjoys a solid brand reputation, not only in India but also in international markets. The company has successfully positioned itself as a reliable and innovative brand with strong customer loyalty. The iconic Bajaj Pulsar series, for instance, has become synonymous with performance and style among young riders.

Robust Product Portfolio Bajaj Auto boasts a wide and diversified product range, including motorcycles, scooters, and commercial vehicles. With a focus on fuel-efficient, low-cost products, the company caters to a variety of consumer needs—from budget-conscious buyers to premium customers. The variety in product offerings ensures that Bajaj Auto meets diverse market demands across various demographics.

Global Presence One of Bajaj’s significant advantages is its widespread international presence. It has a strong foothold in over 70 countries, with a particularly significant share in emerging markets such as Africa, Latin America, and Southeast Asia. The company’s focus on expansion has allowed it to become a global leader in motorcycle exports, with its products being well-regarded for their performance and durability.

Innovative R&D and Technology Bajaj Auto is heavily invested in research and development (R&D), consistently introducing advanced technology in its products. The company has been a pioneer in adopting electric vehicle technology and has started making strides in electric two-wheelers. Bajaj’s commitment to technological innovation helps it stay ahead of the curve in a rapidly evolving market.

Cost Leadership Bajaj Auto’s ability to maintain a strong cost leadership position gives it a competitive edge in terms of pricing. The company’s efficient manufacturing processes, economies of scale, and supply chain optimization allow it to produce cost-effective vehicles without compromising on quality. This advantage is particularly significant in price-sensitive markets.

Weaknesses

Dependence on Domestic Market Despite its strong international presence, Bajaj Auto remains heavily reliant on the Indian market for a significant portion of its revenues. With fluctuating domestic demand and the ongoing challenges of a competitive two-wheeler market, Bajaj risks vulnerability from economic downturns, regulatory changes, or shifts in consumer preferences within India.

Limited Product Range in Electric Segment While Bajaj Auto has started making progress in the electric vehicle (EV) space, it still lags behind some competitors in terms of the variety of electric vehicles offered. The growing demand for EVs requires the company to expand its portfolio quickly to capitalize on the burgeoning market. Competitors like Hero Electric and Ather Energy are already well-established in this sector.

Heavy Competition in the Indian Market The Indian motorcycle and scooter market is highly competitive, with players like Hero MotoCorp, TVS, and Honda dominating large segments. Bajaj faces price and innovation pressures from these local and international players, which could impact its market share in both the domestic and international markets.

Slow Adaptation to Changing Consumer Preferences While Bajaj Auto has historically been strong in motorcycles, it has not been as successful in adapting to shifts in consumer preferences. With the rising popularity of electric vehicles and connected vehicles, Bajaj Auto needs to accelerate its adaptation to these trends to remain relevant, particularly among younger and more tech-savvy consumers.

Opportunities

Expansion of Electric Vehicle Offerings The electric vehicle market is rapidly growing, and Bajaj Auto has a significant opportunity to expand its EV product line. By investing further in R&D and developing new models with better performance, Bajaj can tap into the eco-conscious consumer segment. The government’s push for electric mobility through subsidies and policies provides additional incentives for Bajaj Auto to grow in this space.

Increasing Demand for Two-Wheelers in Emerging Markets The growing middle class in developing countries, especially in Southeast Asia, Africa, and Latin America, presents significant opportunities for Bajaj Auto. As disposable incomes rise, demand for affordable, fuel-efficient transportation is expected to surge. Bajaj’s established international networks position it to meet this rising demand.

Technological Advancements in Vehicle Connectivity The trend toward vehicle connectivity, including smartphone integration and smart riding technologies, presents an opportunity for Bajaj Auto to innovate and enhance its product offerings. Integrating features such as GPS, advanced safety systems, and digital interfaces into its motorcycles could attract a tech-savvy customer base looking for more advanced riding experiences.

Focus on Premium Segments With growing consumer interest in high-end motorcycles, there is a clear opportunity for Bajaj Auto to further penetrate the premium segment. Expanding its range of high-performance bikes, both in the domestic and international markets, could help Bajaj increase its market share and improve margins in the higher-income bracket.

Threats

Intense Competition Bajaj Auto faces strong competition in almost every segment, from both domestic and international players. Brands like Hero MotoCorp and Honda are aggressive in their pricing strategies and marketing campaigns, while emerging startups in the EV sector are attracting younger, tech-focused consumers. The rise of new competitors threatens Bajaj’s market share, especially in the increasingly crowded two-wheeler market.

Fluctuating Raw Material Prices Bajaj Auto’s profit margins are susceptible to fluctuations in the prices of raw materials such as steel, aluminum, and rubber. Any significant rise in the costs of these materials can lead to increased production costs, which may result in higher retail prices or squeezed margins.

Regulatory and Environmental Pressures The regulatory environment surrounding the automotive industry is constantly evolving, particularly with respect to emissions standards and safety regulations. Bajaj Auto faces the challenge of complying with stringent regulations in various countries, especially with the global focus shifting toward environmental sustainability. Failure to meet regulatory standards could result in legal consequences, fines, or a tarnished brand reputation.

Economic Downturns and Global Instability Economic slowdowns, particularly in key markets such as India, can affect consumer spending and reduce demand for two-wheelers. Additionally, the global economic landscape is unpredictable, with trade tensions, currency fluctuations, and political instability impacting the company’s ability to operate effectively across borders.

Conclusion

Bajaj Auto is positioned well for continued growth, particularly in international markets and the expanding electric vehicle segment. However, the company must address its weaknesses, such as its dependence on the Indian market and the slow adaptation to electric vehicle demand. By capitalizing on emerging opportunities in EVs, vehicle connectivity, and premium segments, Bajaj can strengthen its market position and fend off the growing competitive pressures in the automotive industry. While external threats like regulatory challenges and raw material price volatility pose risks, Bajaj Auto’s strong brand reputation, cost-effective manufacturing, and innovation-driven approach provide a solid foundation for future success.

[industrynewsupdates]

Future of U.S. Durable Medical Equipment Market: Insights from Industry Experts

The U.S. Durable Medical Equipment market size is expected to reach USD 92.83 billion by 2030, registering a CAGR of 5.61% from 2025 to 2030, according to a new report by Grand View Research, Inc. The rising prevalence of chronic illnesses and the expanding reach of home healthcare services and personnel constitute key drivers fueling the demand for durable medical equipment. Projections indicate a continual rise in DME demand over the forecast period, driven by widespread adoption.

Increasing number of hospitals owing to various factors, such as healthcare access initiatives, modernization efforts, and a growing focus on patient-centric care, is expected to significantly propel the demand for durable medical equipment in the U.S. This trend is likely to persist as healthcare systems in the country continue to evolve and expand to meet the growing demands of diverse patient populations.

The growing geriatric population serves as a key factor fueling the growth of the market, necessitating the development and adoption of innovative & specialized equipment to meet the hospital requirements of an aging demographic.

The integration of Internet of Things (IoT) and connectivity emerges as a significant opportunity in the U.S. DME market, transforming patient care through connected devices and decision support tools. This technological advancement extends beyond virtual care, incorporating sensors, wearables, artificial intelligence, and predictive analytics.

Gather more insights about the market drivers, restrains and growth of the U.S. Durable Medical Equipment Market

U.S. Durable Medical Equipment Market Report Highlights

• By product, the monitoring and therapeutic devices segment accounted for the largest revenue share of over 91.40%. This can be attributed to the increasing prevalence of chronic diseases requiring long-term care.

• The personal mobility devices product segment is anticipated to be the fastest-growing product segment over the forecast period.

• An increasing number of disorders, such as spinal cord injuries, osteoporosis, and rheumatoid arthritis, are driving the demand for mobile devices in the U.S.

U.S. Durable Medical Equipment Market Segmentation

Grand View Research has segmented the U.S. durable medical equipment market on the basis of product type, end use:

U.S. Durable Medical Equipment Product Outlook (Revenue, USD Million, 2018 - 2030)

• Personal Mobility Devices

o Wheelchairs

o Electric Wheelchairs

o Manual Wheelchairs

o Scooters

o Walker and Rollators

o Cranes and Crutches

o Door Openers

o Other Devices

• Bathroom Safety Devices and Medical Furniture

o Commodes and Toilets

o Mattress & Bedding Devices

• Monitoring and Therapeutic Devices

o Blood Glucose Monitors

o Continuous Passive Motion (CPM)

o Infusion Pumps

o Nebulizers

o Oxygen equipment

o Continuous Positive Airway Pressure (CPAP)

o Suction Pumps

o Traction Equipment

o Others

o Insulin Pumps

o Ostomy Bags & Accessories

o Wound Care Products

o Cardiology Devices

o Vital Signs Monitor

o Respiratory Supplies

o Urinary Supplies

o Diabetic Supplies

o Incontinence Products

o Orthopedic Braces & Support

o Muscle Stimulators

o Others

U.S. Durable Medical Equipment End Use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals

• Specialty Clinics

• Ambulatory Surgical Centers

• Diagnostic Centers

• Home Healthcare

• Others

Order a free sample PDF of the U.S. Durable Medical Equipment Market Intelligence Study, published by Grand View Research.

[willyskristina]

Electric Two Wheelers Market

Electric Two Wheelers Market Size, Share, Trends: Yadea Technology Group Co., Ltd. Leads

The Rise of High-Performance Electric Motorcycles: A New Era in Urban Mobility

Market Overview:

The Electric Two Wheelers Market is projected to grow at a CAGR of 11.8% from 2024 to 2031. Asia-Pacific currently dominates the market, with key metrics indicating a high adoption rate of electric two-wheelers in countries like China and India. The market is experiencing rapid growth due to increasing environmental concerns, government incentives for electric vehicle adoption, and advancements in battery technology. These factors are creating a robust market landscape for electric two-wheelers, addressing urban mobility challenges while promoting sustainability.

DOWNLOAD FREE SAMPLE

Market Trends:

High-performance electric motorcycles are being developed and adopted at a rapid pace in the electric two-wheeler sector. This trend is being pushed by advancements in battery technology, increased motor efficiency, and rising consumer desire for powerful yet environmentally friendly alternatives to traditional motorcycles. Manufacturers are increasingly focused on building electric motorcycles that can match or outperform gasoline-powered models in terms of speed, range, and acceleration. Zero Motorcycles and Energica, for example, have developed models with top speeds of over 200 km/h and ranges of more than 360 km on a single charge. This trend is attracting new clients, especially motorbike aficionados who were previously dubious of electric automobiles.

Market Segmentation:

Electric scooters dominate the electric two-wheeler market, accounting for more than YY% of total revenue. This dominance is owing to electric scooters' lower cost than electric motorcycles, ease of usage, and suitability for short-distance urban transport. Electric scooters are especially popular in densely populated Asian cities, where they offer a convenient and environmentally friendly alternative to traditional gasoline-powered scooters.

Recent breakthroughs in electric scooter technology have bolstered their market share. For example, the introduction of removable batteries addressed the charging infrastructure problem by allowing customers to charge their batteries at home or work. Companies such as Gogoro in Taiwan have pioneered battery swapping networks, allowing users to replace exhausted batteries with charged ones in seconds.

Market Key Players:

Yadea Technology Group Co., Ltd.

Niu Technologies

Jiangsu Xinri E-Vehicle Co., Ltd.

AIMA Technology Co., Ltd.

Zhejiang Luyuan Electric Vehicle Co., Ltd.

Hero Electric Vehicles Pvt. Ltd.

Contact Us:

Name: Hari Krishna

Email us: hari.krishna@aurorawaveintellects.com

Website: https://aurorawaveintellects.com/

[kristinahertzz]

Automotive Two wheelers Market

Automotive Two-Wheelers Market Size, Share, Trends: Honda Motor Co., Ltd. Lead

Rapid Adoption of Electric Two-Wheelers Driven by Environmental Concerns and Government Incentives

Market Overview: 

The global Automotive Two-Wheelers Market is projected to grow at a CAGR of XX% from 2024 to 2031, reaching a value of USD YY by 2031. Asia-Pacific currently dominates the market, driven by strong growth in electric two-wheelers and increasing demand for personal mobility solutions. The market is experiencing robust expansion due to urbanization, rising disposable incomes in developing countries, and a growing emphasis on fuel-efficient and eco-friendly transportation options. 

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Market Trends: 

The automotive two-wheeler industry is quickly transitioning to electric vehicles (EVs), as consumers and governments prioritize environmental sustainability. This trend is driven by increased awareness of carbon emissions, stricter emission standards, and attractive government incentives for EV adoption. For example, India’s FAME II program provides subsidies up to INR 15,000 per kWh for electric two-wheelers, making them more affordable for consumers. Major manufacturers are introducing new electric models and investing in battery technology. Between 2024 and 2031, the global electric two-wheeler market is predicted to expand at a CAGR of more than 7%, with Asia-Pacific and Europe leading the way.

Market Segmentation: 

The motorcycles segment dominates the automotive two-wheelers market, driven by their versatility, performance, and popularity across various consumer segments. Motorcycles are widely used for everyday commuting, recreational riding, and sports, thanks to their higher engine power, fuel efficiency, and longer travel ranges. Recent innovations, such as smart-connected motorcycles with GPS navigation, smartphone integration, and real-time diagnostics, have increased their appeal among young, tech-savvy consumers. The scooter segment is also growing rapidly, especially in urban areas, due to its ease of use, storage capacity, and maneuverability. Electric scooters are gaining traction as eco-friendly options for short-distance mobility.

Market Key Players:

Honda Motor Co., Ltd.

Hero MotoCorp Ltd.

Yamaha Motor Co., Ltd.

Bajaj Auto Limited

TVS Motor Company

Suzuki Motor Corporation

Contact Us:

Name: Hari Krishna

Email us: hari.krishna@aurorawaveintellects.com

Website: https://aurorawaveintellects.com/

[global-research-report]

Electric Mobility Market Growth: Innovations and Opportunities in 2023 - 2030

The global electric mobility market size is expected to reach USD 325.64 billion by 2030, growing at a CAGR of 14.6% from 2023 to 2030, as per the study conducted by Grand View Research, Inc. Rise in substantial operating and maintenance cost savings is expected to significantly increase the demand for electric mobility thereby supporting the market growth. Furthermore, growing concerns about the rapidly rising carbon footprint and greenhouse gases from the transportation and automotive industries are encouraging state and country-level regulatory bodies to set up policies that promote the adoption of energy-efficient vehicles.

The rise in government investments along with stringent regulations, objectives, and policies for electric vehicle deployment, signaling OEMs and other industry stakeholders who actively participate in the industry and building confidence based on mobilizing investments and policy frameworks is fueling the growth of the electric mobility industry.

For instance, in December 2022, the Uttar Pradesh government in India targeted to invest 300 million in electric transportation. The state's UP Electric Vehicle Manufacturing and Mobility Policy 2022 aims to attract new investment and create 1 million new jobs in the sector. Meanwhile, the new strategy has attempted to address the three key issues: stimulating the manufacture of e-vehicles and their components, such as batteries, and creating a solid network of charging stations and battery swap locations.

Electric vehicles depend on electricity to replenish their batteries rather than using fossil fuels such as petrol or diesel. With the increasing number of EV battery charging stations emerging, it is now more convenient for consumers to charge their batteries at a local station rather than stand in line at a CNG station or a gas station. For instance, In May 2022, Energica Motor Company, a manufacturing company, launched a new e-bike named Energica Experia. The e-bike featured the company’s no-emission EV technology. These factors are expected to drive the electric mobility market growth over the forecast period

Some dominant players in the U.S. electric mobility industry are BMW Motorrad International; Gogoro, Inc.; Honda Motor Co. Ltd.; KTM AG; Mahindra Group; Ninebot Ltd.; Suzuki Motor Corporation; Terra Motors Corporation; Vmoto Limited ABN; Yamaha Motor Company Limited. These players focus on new product launches and partnerships & collaboration to enhance their offerings and geographic presence. For instance, In June 2022, iFood, an online food ordering and delivery platform based in Brazil, launched the EVS Work iFood electric motorcycle in collaboration with Voltz Motors, a startup manufacturer of e-scooters and e-motorcycles based in Brazil, for USD 2,099.9.

Electric Mobility Market Report Highlights

Based on product, the electric bike segment is expected to dominate the global market owing to the factors such as the expansion of cycling infrastructure in developing countries such as India and the rise of financial incentives for e-bikesales

Based on drive, the chain drive segment dominated the market with 46% of the revenue share in 2022. The growing amount of construction activities driven by rapid industrialization is driving the segment’s growth

Based on battery, the Li-ion battery segment accounted for 82% of the revenue share in 2022 owing to the benefits such as a decrease in the amount of toxic oil waste generated, the need for engine maintenance, and the pollution caused by fuel combustion engines

Based on end-use, the personal segment accounted for 76% of the revenue share in 2022. The segment’s growth can be attributed to the rising sales of electric two-wheelers as more customers choose electric transportation for both commuting and relaxation

Electric Mobility Market Segmentation

Grand View Research has segmented the global electric mobility market based on product, drive, battery, end-use, and region:

Electric Mobility Product Outlook (Revenue, USD Million, 2018 - 2030)

Electric Bikes

Electric Scooter

Electric Motorized Scooter

Electric Motorcycle

Electric Mobility Drive Type Outlook (Revenue, USD Million, 2018 - 2030)

Belt Drive

Chain Drive

Hub Drive

Electric Mobility Battery Outlook (Revenue, USD Million, 2018 - 2030)

Lead Acid Battery

Li-ion Battery

Others

Electric Mobility End-use Outlook (Revenue, USD Million, 2018 - 2030)

Personal

Commercial

Electric Mobility Regional Outlook (Revenue, USD Million, 2018 - 2030)

North America

US

Canada

Europe

UK

Germany

France

Asia Pacific

China

Japan

India

Latin America

Brazil

Mexico

Middle East & Africa

Order a free sample PDF of the Electric Mobility Market Intelligence Study, published by Grand View Research.

[autocarindianews]

Features That Set TVS Bikes Apart

TVS Motor Company has carved a niche for itself in the Indian two-wheeler market with its innovative designs, reliable performance, and affordability. Whether it’s for daily commuting, sporty rides, or long-distance tours, TVS bikes have become a preferred choice for riders across the country. Let’s explore the key features that make TVS bikes stand out from the competition.

1. Advanced Technology and InnovationTVS bikes are known for integrating advanced technology into their models. From digital instrument clusters, LED headlamps, and smart connectivity to robust engines with impressive power, TVS bikes ensure a cutting-edge riding experience. Models like the TVS Apache series come equipped with features like SmartXonnect, allowing riders to pair their smartphones for navigation and call alerts.

2. Fuel EfficiencyOne of the most attractive aspects of TVS bikes in India is their fuel efficiency. TVS understands the needs of Indian consumers and delivers bikes that offer excellent mileage without compromising on performance. Models like the TVS Star City Plus and TVS Radeon are popular choices for those seeking cost-effective rides.

3. Affordable PricingWhen it comes to affordability, TVS bike prices are competitive, catering to a wide range of customers. Whether you’re looking for budget-friendly models for daily commuting or premium options for sports riding, TVS offers a variety of options. Models like the TVS Sport are known for their value-for-money performance, while the Apache RR 310 caters to performance enthusiasts at a reasonable price.

4. Wide Range of ModelsThe brand’s diverse portfolio includes everything from scooters, commuter bikes, and sportbikes to electric vehicles. This makes TVS bikes for sale a versatile option for buyers of all preferences. The availability of models in different price ranges ensures there’s a TVS bike for every rider.

5. Durability and After-Sales SupportTVS bikes are built to withstand Indian roads, offering durability and a smooth riding experience. Additionally, TVS provides excellent after-sales support through its wide network of authorized service centers across the country.

TVS bikes stand out due to their advanced features, fuel efficiency, affordable TVS bike prices, and a wide range of options. For those seeking reliable, cost-effective, and performance-driven rides, TVS bikes in India remain a top choice. Whether you’re buying new or exploring TVS bikes for sale, the brand continues to deliver value, innovation, and satisfaction to its customers.

[braddolman]

Hoverboards and Christmas: Are They Still a Holiday Favorite?

Hoverboards were once the must-have gift for Christmas. Everyone, from kids to adults, wanted to unwrap one of these futuristic-looking gadgets. Fast forward a few years, and while hoverboards may not be the top trending item on every holiday wish list anymore, they’re still holding onto a niche spot in the market. Let’s take a look at how they’ve evolved and where they stand today.

The Rise and Fall of Hoverboards

Back in the mid-2010s, hoverboards were all the rage. With flashy designs, cool LED lights, and a unique self-balancing feature, these little boards seemed like they were straight out of a sci-fi movie. Everyone wanted one, and they quickly became one of the most talked-about Christmas gifts. But, like all trends, their popularity started to fade as newer tech toys, like electric scooters and VR headsets, took the spotlight.

Hoverboards in 2024: Still a Holiday Favorite?

So, are hoverboards still on people’s wish lists in 2024? While they may not be the hot-ticket item they once were, hoverboards still have their place, especially for younger kids and teens. These devices are an affordable, fun way for kids to enjoy some outdoor exercise and entertainment. Plus, they’re an easy alternative to traditional scooters or bikes, offering a smooth, hands-free ride around the neighborhood or local park.

Who Still Wants a Hoverboard for Christmas?

Hoverboards are still a popular choice among kids, especially those aged 6–12. For this age group, models like the Gyroor G13, with fun features like Bluetooth speakers and colorful LED lights, continue to capture the imagination of young riders. They are safe, easy to use, and offer a sense of independence. For parents, these hoverboards strike the perfect balance between fun and safety.

For teens and adults, hoverboards with off-road capabilities, like the Gyroor Y1 Pro, are gaining traction. These models can handle rougher terrain and provide a more rugged, adventurous experience. Whether it's for a fun ride around town or a quick trip to the store, these hoverboards still have a dedicated following.

Where Are Hoverboards Popular?

North America remains the leader in hoverboard sales, largely driven by tech-savvy consumers and established markets. However, the demand for hoverboards is also increasing in Asia, particularly in countries like China and India. Rising disposable incomes and urbanization are playing a key role in this trend, making hoverboards an attractive option for city dwellers looking for an efficient and fun mode of transport.

In the U.S., hoverboards continue to innovate. Brands are pushing new models with added features and advanced safety standards to maintain consumer interest. Aggressive promotional strategies ensure that hoverboards stay in the holiday shopping conversation, even if they’re not at the top of everyone’s list.

Why Hoverboards Still Make a Great Christmas Gift

Although hoverboards may no longer be the most sought-after gadget during the holiday season, they’re far from irrelevant. They remain a practical, affordable, and fun option for younger riders, and there are plenty of models designed for those looking to have some fun on two wheels. If you're on the lookout for a Christmas gift that delivers excitement without breaking the bank, a hoverboard could still be just what you need to make someone’s holiday extra special.

In the world of Christmas gifts, hoverboards may have seen their peak, but they’ve carved out a lasting spot. Whether for a kid's first hoverboard or an adult's rugged ride, they continue to offer a unique, fun experience that’s hard to beat. So, if you’re thinking of getting one this holiday season, you’re not alone—there’s still plenty of love for these gadgets, just in a new, more focused way.

[xinhulian]

Exploring INTCO Medical Standout Features of Our Latest Manual Wheelchairs

INTCO Medical is a globally recognized leader in the manufacturing of medical devices and healthcare products. With a robust portfolio that spans across various categories of medical equipment, has consistently demonstrated its expertise and commitment to enhancing the quality of life for countless individuals. The company’s dedication to innovation, quality, and customer satisfaction positions it as a trusted name in the industry. By leveraging advanced technology and a deep understanding of user needs, INTCO Medical continues to set the standard in medical solutions.

Jiangsu Intco Medical Products Co., Ltd, a branch of Intco Medical, focuses on the research, production, and marketing of rehabilitation equipment and therapy products. We specialize in manual and electric wheelchairs, mobility scooters, transfer machines, walking aids, commode chairs, and canes. With hundreds of automated machines, we can produce 1,000,000 manual wheelchairs and 100,000 electric wheelchairs annually, serving over 66 countries and regions worldwide.

Key Features of Our Manual Wheelchairs

Ergonomic Design

Comfortable Seating

One of the standout features of INTCO Medical’s manual wheelchairs is their ergonomic design, which prioritizes comfortable seating. The seating systems are meticulously engineered to provide optimal support and comfort, reducing the risk of pressure sores and other sitting-related discomforts. The cushioning materials used are both durable and soft, adapting to the user’s body shape for a personalized seating experience. Additionally, the ergonomic seating promotes proper posture, which is crucial for users who need to spend extended periods in their wheelchairs.

Easy to operate

detachable footrest

Alongside comfortable seating, INTCO Medical’s manual wheelchairs are designed for easy maneuverability. The lightweight frames and precision-engineered wheels ensure that users can navigate various environments with minimal effort. Whether indoors or outdoors, the wheelchairs offer superior control and stability.

It is easy for users to move independently, enhancing their overall mobility and independence.

Safety and Durability

Robust Frame Construction

high-quality steel

Safety and durability are paramount in the design of INTCO Medical manual wheelchairs. The robust frame construction ensures that the wheelchairs can withstand daily use and adverse conditions without compromising on safety. Made from high-quality materials such as aluminum and steel, these frames are both strong and lightweight. This balance ensures that the wheelchairs offer long-lasting durability without being cumbersome, facilitating easier handling and transport.

Advanced Brake Systems

Our manual wheelchairs are equipped with advanced brake systems that enhance user safety. These brake systems are designed for reliability and ease of use, providing users with the control needed to halt movement securely. The precision locking mechanisms ensure that users can quickly and efficiently operate the brakes. This contributes to the overall security of the users.

Customizable Options

Adjustable Armrests and Footrests

Recognizing that every user has unique needs, INTCO Medical offers customizable options such as adjustable armrests and footrests. These elements are designed to provide different support, allowing users to find the most comfortable and functional positions. Adjustable armrests can be modified diverse heights and angles, aiding users in transferring in and out of the wheelchair. Similarly, adjustable footrests cater to users of varying leg lengths, promoting better leg positioning and circulation.

Multiple Sizes and Configurations

INTCO Medical’s commitment to customization extends to offering wheelchairs in multiple sizes and configurations. This allows users to choose a model that best suits their specific body dimensions and mobility requirements. The availability of different seat widths, frame sizes, and configurations ensures that each user finds a perfect fit, which is crucial for comfort and functionality. This adaptability makes our wheelchairs a universal choice for a broad spectrum of users, including children and adults with unique mobility needs.

Benefits of Choosing INTCO Medical Products

Enhanced Mobility and Independence

Choosing our manual wheelchairs can significantly enhance users’ mobility and independence. The well-engineered designs ensure that users can move around more freely and comfortably, whether within their homes or in outdoor spaces. By providing reliable and easy-to-use mobility solutions, INTCO Medical empowers users to lead more active and free lives. The focus on user-friendly features such as smooth maneuverability and ergonomic seating means that users can perform daily activities with greater ease and confidence.

User-Centered Design for Better Comfort

INTCO Medical prides itself on its user-centered design philosophy, which directly contributes to better comfort for wheelchair users. Every design decision is informed by the needs and preferences of users, ensuring that the wheelchairs not only meet but exceed expectations. This attention to detail makes a substantial difference in the daily lives of users, offering them an improved quality of life through superior comfort and support.

Cost-Effective Solutions for Providers

The providers also benefit from choosing our manual wheelchairs. The cost-effective solutions ensure that providers can equip their facilities with high-quality wheelchairs without exceeding their budget. These wheelchairs are designed to be durable and long-lasting, reducing the need for frequent replacements and repairs. This durability translates to significant cost savings over time. Furthermore, the advanced technological features and different options allow healthcare providers to cater to the diverse needs of their patients, enhancing overall patient satisfaction and care quality.

Customer Testimonials

Feedback from users of INTCO Medical’s manual wheelchairs is overwhelmingly positive. Many users have reported significant improvements in their mobility and independence since transitioning to our products. They appreciate the comfort provided by the ergonomic design and the ease with which they can maneuver their wheelchairs, even in constricted spaces. Testimonials often highlight the robust construction and reliable brake systems, which contribute to a sense of safety and security for users.

How to Choose the Right Manual Wheelchair from INTCO Medical

Physical Conditions

One important factor to consider is the weight capacity and dimensions of the wheelchair. Users must ensure that the wheelchair can support their weight adequately and provide sufficient space for comfortable seating. Checking the weight capacity helps in avoiding potential safety issues, while optimal seat dimensions ensure user comfort for prolonged use.

Living Habits

flip-up armrests

People with diverse living habits often find that selecting the right wheelchair is crucial to their daily mobility and comfort. For instance, our YK9031 is designed to be used in front of a desk, to study and work. Individuals residing in urban areas might opt for wheelchairs with compact designs for navigating tight spaces, while those in rural settings might seek models with robust wheels capable of handling rough terrain.

Where to Purchase INTCO Medical Manual Wheelchairs

Authorized Dealers and Distributors

INTCO Medical’s manual wheelchairs can be purchased through a network of authorized dealers and distributors. These dealers are carefully selected to ensure that they provide genuine products and exceptional customer service. Purchasing from authorized dealers guarantees that users receive top-quality wheelchairs along with the necessary warranties and support services. Authorized dealers also have the expertise to assist customers in choosing the right model based on their individual needs, providing a seamless purchasing experience.

Online Purchasing Options

INTCO Medical offers the convenience of online purchasing options. Users can browse through a comprehensive catalog of manual wheelchairs on our official website and other accredited online platforms. Online purchasing provides a hassle-free experience, allowing users to compare different models, read customer reviews, and make informed decisions from the comfort of their homes. The website also provides detailed product descriptions and specifications, ensuring that users have all the necessary information to select the right wheelchair.

By understanding the unique features and benefits of INTCO Medical’s manual wheelchairs, users can make informed decisions that enhance their mobility, comfort, and quality of life. Whether through authorized dealers or online platforms, obtaining an INTCO Medical wheelchair is a step towards improved independence and well-being.

As one of the famous brands in the production and manufacture of medical wheelchairs and mobility scooters, INTCO Medical is a high-tech manufacturing company committing to R&D, production and marketing of medical consumables and durable medical equipment with main business covering medical consumables, rehabilitation equipment, physiotherapy care, etc.

Up to now, with a good product reputation, INTCO Medical has been exported products to more than 120 countries and regions in America, Europe, Asia, Africa and Oceania, which is providing practical products and high-quality services to over 10,000 clients.

[industrynewsupdates]

Bike And Scooter Rental Market: Key Players and Competitive Landscape

The global bike and scooter rental market size was estimated at USD 5.54 billion in 2023 and is anticipated to grow at a CAGR of 16.8% from 2024 to 2030. The increasing awareness of environmental sustainability and the urgent need to reduce carbon emissions are major drivers for the growth of the market. With rising pollution and traffic congestion, e-bikes and scooters offer a green alternative to traditional vehicles, helping cities lower their carbon footprint. This shift towards eco-friendly transportation is being supported by both governmental policies and consumer preferences, creating a robust market for e-bike and scooter rentals.

Technological advancements are another significant factor propelling the market growth. Innovations in battery technology, such as longer battery life and faster charging times, have made e-bikes and scooters more reliable and convenient for users. Additionally, the integration of GPS and IoT (Internet of Things) technologies has enhanced the user experience by providing real-time tracking, seamless payments, and improved safety features. These technological improvements have made it easier for rental companies to manage their fleets and for customers to access and use these services efficiently.

Growing investment and interest from key automakers and startups in the mobility sector are propelling the growth of the market. Bike and scooter rental companies are investing heavily in expanding their fleets, improving infrastructure, and enhancing user experience. This influx of capital is accelerating the growth and adoption of these services, with many companies partnering with cities to create dedicated lanes and parking zones, further integrating e-bikes and scooters into urban transportation networks.

Gather more insights about the market drivers, restrains and growth of the Bike And Scooter Rental Market

Key Bike And Scooter Rental Company Insights

Some of the participants operating in the market include Lime, Nextbike, Cityscoot, Mobike, Spin, Scoot, Lyft, Skip, Tier Mobility, Bolt. The companies are focusing on various strategic initiatives, including investments, partnerships & collaborations, and agreements to gain a competitive advantage over their rivals. The following are some instances of such initiatives.

• In April 2024, Lime a rental electric scooter and bike operator backed by Uber Technologies Inc., announced a plan to invest $55 million to increase its existing fleet size.

• In January 2024, e-scooter rental companies Tier Mobility and Dott announced their merger, which will create the largest operator in Europe. Their investors are contributing an extra 60 million euros ($66 million) to support the newly combined entity.

• In March 2022, TIER Mobility (TIER) acquired Spin, a micromobility operator previously owned by Ford, expanding its reach to an additional 106 communities across North America.

Global Bike and Scooter Rental Market Report Segmentation

The report forecasts revenue growth at global, regional, and country levels and provides an analysis on the latest trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global bike and scooter rental market report based on propulsion, vehicle, service, and region.

Vehicle Outlook (Revenue, USD Million, 2018 - 2030)

• Bike

• Scooter

Propulsion Outlook (Revenue, USD Million, 2018 - 2030)

• Pedal

• Electric

• Gasoline

Service Outlook (Revenue, USD Million, 2018 - 2030)

• Pay-as-you go

• Subscription Based

Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o UK

o Germany

o France

• Asia Pacific

o China

o India

o Japan

o Australia

o South Korea

• Latin America

o Brazil

• MEA

o KSA

o UAE

o South Africa

Order a free sample PDF of the Bike And Scooter Rental Market Intelligence Study, published by Grand View Research.

[industryinsightsandanalysis]

India 2-Wheeler Market : Current Analysis and Forecast (2024-2032)

The two-wheeler (2-wheeler) market in India is among the biggest grossing markets across the globe and is heavily integrated into the Indian population. Affordable, convenient, and fuel-efficient, two-wheelers account for a dominant share of the number of vehicles owned by Indians. From the masses transport region to the countryside the need for motorcycles and scooters remains high. According to industry reports, India two-wheeler market size was over 150 million units in 2022 and hence, depicts the massive demand for such vehicles in Indian transportation. As consumers go for different products and services, various technologies being unveiled and the ever-shifting policies and regulations, the market is set to expand.

Market Overview and Key Drivers:

Affordability and Accessibility: The simplest reason behind the two-wheeler market growth in India has always been because of its low cost. Compared to cars, two-wheelers are cheaper, and thus available in the market for the broad population group. Besides, motorcycles are used by individuals living in rural regions as transport since access to public transport in such regions with harsh terrains is a challenge. In urban areas, people use scooters and bikes to move within the traffic-congested areas with ease. Much as they posed a financial strain when they were first imported require little money to own compared to other transport means, and have low maintenance requirements, two-wheelers have now become part of India’s transport systems.

Urbanization and Growing Middle Class: The use of two-wheelers has been on the rise in India primarily due to the increasing rate of urbanization and the increase in the size of middle-income earners. that as more people go into the cities for employment and other facilities such as education then more demand will result in personal transport. There are many users of scooters and other two-wheelers because they are easy to maneuver and economical in traffic-prone areas. Also, a higher disposable income packed on the middle-class buyer in India has resulted in early conversion and upgrade to the more upscale two-wheeler variants.

Fuel Efficiency and Environmental Impact: In a situation where fuel prices remain unpredictable in the country, two-wheelers are more fuel efficient as compared to four-wheelers. Scare awareness of the environment and its sustainability is leading to the increasing popularity of electric two-wheelers (E2-Wheelers). Recent measures for greener automobiles, specifically subsidies and incentives for electric vehicles (EVs) are making Indians consider E2-Wheelers. The shift towards electric mobility in the world and India especially in the two-wheelers has opened a great chance of development in each market particularly as the charging infrastructure is developed.

Government Initiatives and Regulations: The Indian government has implemented various policies to boost the automotive sector, including the two-wheeler market. Initiatives such as the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme, tax benefits, and subsidies for EV purchases have been pivotal in promoting electric two-wheelers. Furthermore, stricter emission norms, such as the Bharat Stage (BS) VI regulations, have pushed manufacturers to innovate and produce cleaner, more efficient vehicles.

Market Segmentation

Motorcycles vs. Scooters: The motorcycle segment remains the most popular in India among all two-wheelers and commands more than 60% of the market share. There is a healthy market for motorcycles in rural areas because these vehicles are strong, and they can move in the rough terrains that are common in rural areas. On the other hand, scooters have particularly transformed and gained recognition within the urban setting due to factors such as flexibility of use, low costs of maintenance, and use of automatic transmission. Honda and TVS are the leading scooter makers while Bajaj Auto and Royal Enfield have premium and sports bike segments.

Electric Two-Wheelers (E2-Wheelers): Electric two-wheelers are also quickly gaining ground in the Indian market. With environmental worries and the drive for more sustainable means of transport, people are gradually transitioning from conventional ICE automobiles to electric ones. Ather Energy and Ola Electric have recently launched new generation electric scooters with powerful batteries at reasonable prices and the latest Bajaj electric scooter has a significantly higher range than its domestic competitors. Other factors that have boosted the sales of electric two-wheelers in India include battery swapping stations, government policies, and reduced cost of lithium-ion batteries.

Rural vs. Urban Demand: Another segment that looks large for the motorcycle industry in India is the rural markets which constitute 55% of two-wheeler sales. In these areas, there is heavy dependency on two-wheelers for traveling to and fro the workplace or for carrying goods. While in urban regions scooters are more in demand because of convenience and traffic conditions. The fact that the consumption pattern varies geographically makes it possible for manufacturers to provide for the two segments using different products.

Issues Affecting the Two-Wheeler Market

Supply Chain Disruptions: The current COVID-19 pandemic unraveled the problems with the global supply chain where there were holdups in production and shortage of chips for example. What this did for the two-wheeler industry was that it enhanced the duration of waiting for consumers and elevated the cost to the manufacturers. Despite this, there has been continuity within the market and disruptions including disruptions of supply chains for global trades and shortages of the materials that affect the two-wheelers’ supplies and costs.

Rising Competition in the Electric Segment: The increased usage of electric two-wheelers has attracted new entrants, hence additional competition in the industry. Players that earlier used to provide traditional two-wheelers are now facing competition from new-age startups and technology companies that are progressing rapidly in the e-mobility segment. The complexity with the established brands is to innovate on fuel-burning vehicles while at the same time investing in electric mobility solutions.

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High Cost of Electric Two-Wheelers: Electric two-wheelers are now increasingly being sought after, but they are more expensive as compared to other traditional ICE vehicles. Even with government subsidies, affordability remains a major issue for consumers, and this has been well illustrated as far as rural consumers are concerned. Also, sentiments such as concern for battery capacity and lack of access to charging facilities in semi-urban and even rural areas affect the uptake of the product.

Stricter Emission Regulations: There are also well-intentioned actions such as tighter emission standards as the shift to BS VI has raised the price of two-wheelers because of increased costs of revamping engines and technologies.

Opportunities and Future Outlook

Expansion of the Electric Two-Wheeler Market: The strategy of electric mobility will determine the future of the two-wheeler segment in India. The government has been very sensitive to its emission reduction goals and the adoption of EVs in the country and therefore this sector of the electric two-wheelers market is expected to grow very soon. They provide infrastructure, battery, and charging technology, and research and development associated companies will be other major beneficiaries of the growth. Smart technologies consisting of IoT connection, digital displays, and enhanced, and connective services make these electric two-wheelers more attractive to consumers.

Innovation in Financing Options: Manufacturers have had to look for ways of further unlocking the two-wheeler market through employing strategies like low down payment, long-term loans, and ‘use and subscribe’. These options coupled with an extension of micro-financing facilities in rural areas can create demand, especially the electric two-wheelers. Such partnerships between the manufacturing firms and the institutions and the fintech have played the role of a funnel of providing affordable prices to consumers across different income levels.

Conclusion

India's two-wheeler market is a cornerstone of the country's transportation ecosystem, driven by affordability, convenience, and rising urbanization. The increasing focus on electric two-wheelers, government initiatives, and the continued growth of both rural and urban demand point to a promising future. While the industry faces challenges like supply chain disruptions and the high cost of electric vehicles, innovations in technology and financing will help drive further growth. As the market evolves, India’s two-wheeler industry is set to play a crucial role in the transition towards sustainable and accessible mobility.

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[dh5ryxhgbctgr]

Global Motorcycle Tyres Market Research and Future Opportunities Overview 2024 - 2031

The global motorcycle tyres market is an essential segment of the automotive industry, experiencing dynamic growth driven by increasing motorcycle sales, urbanization, and changing consumer preferences. This article provides a comprehensive overview of the current state of the market, key drivers, challenges, and future prospects.

Introduction to the Motorcycle Tyres Market

The global motorcycle tyres market is poised for growth, driven by increasing motorcycle sales, urbanization, and technological advancements. While challenges such as raw material price volatility and regulatory compliance exist.

Motorcycle tyres are critical components that significantly impact a motorcycle's performance, safety, and fuel efficiency. The market encompasses various types of tyres designed for different riding conditions, including road, off-road, and racing applications.

Market Overview

Current Market Size

As of 2023, the global motorcycle tyres market is valued at approximately $X billion, with a projected CAGR of Y% from 2023 to 2030. The market is characterized by a diverse range of products catering to various motorcycle segments, from scooters to high-performance sports bikes.

Key Regions

The motorcycle tyres market is segmented geographically into:

North America: Strong demand for motorcycles, particularly in the United States, drives the market. The increasing popularity of recreational riding contributes to tyre sales.

Europe: The European market is witnessing growth due to a rising trend in motorcycle commuting and tourism.

Asia-Pacific: This region dominates the market, fueled by high motorcycle ownership rates in countries like India and China, along with rapid urbanization.

Key Drivers of Growth

Increasing Motorcycle Sales

The global demand for motorcycles is on the rise, driven by factors such as affordability, fuel efficiency, and convenience. This trend directly influences the demand for motorcycle tyres, as each sale generates a need for new and replacement tyres.

Urbanization and Traffic Congestion

As urban areas grow, motorcycle usage is becoming a popular solution to combat traffic congestion. This trend is particularly prevalent in developing countries, where motorcycles serve as an affordable mode of transportation, thereby boosting tyre demand.

Advancements in Tyre Technology

Innovation in tyre technology, including improvements in tread design and materials, enhances performance, safety, and durability. Manufacturers are increasingly focusing on developing specialised tyres for different riding conditions, catering to diverse consumer needs.

Challenges in the Market

Volatility in Raw Material Prices

The motorcycle tyres market is susceptible to fluctuations in the prices of raw materials, such as rubber and synthetic compounds. Price volatility can affect production costs and ultimately impact the retail prices of tyres.

Regulatory Challenges

Strict environmental regulations and safety standards in various regions pose challenges for tyre manufacturers. Compliance with these regulations can lead to increased operational costs and may require significant investments in research and development.

Competition and Market Saturation

The motorcycle tyres market is highly competitive, with numerous players vying for market share. This competition can lead to price wars and reduced profit margins, especially in mature markets.

Future Outlook

Emerging Trends

Electric Motorcycles: The rise of electric motorcycles is expected to create a new segment within the tyres market, requiring innovative tyre designs that accommodate the unique characteristics of electric vehicles.

Smart Tyres: The integration of IoT technology in tyres is gaining traction, with smart tyres providing real-time data on performance and safety, enhancing the riding experience.

Strategic Initiatives

To stay competitive, manufacturers are likely to invest in R&D, focusing on sustainable materials and advanced manufacturing techniques. Collaborations with motorcycle manufacturers to develop tailor-made tyres for specific models may also become a common strategy.

Conclusion

The global motorcycle tyres market is poised for growth, driven by increasing motorcycle sales, urbanization, and technological advancements. While challenges such as raw material price volatility and regulatory compliance exist, the market presents significant opportunities for innovation and expansion. As the industry evolves, stakeholders must remain agile and responsive to changing consumer demands and market dynamics to succeed in this competitive landscape.

[omshinde5145]

Electric Vehicle Market to Develop Rapidly by 2030 | Intent Market Research

The Electric Vehicle (EV) Marketis experiencing unprecedented growth, driven by technological advancements, increasing environmental awareness, and supportive government policies. According to the latest report from Market Insights Inc., the global electric vehicle market is expected to reach USD 1,000.8 billion by 2030, expanding at a compound annual growth rate (CAGR) of 11.7% from 2023 to 2030.

The key factors contributing to the growth of the electric vehicle market during the forecast period include new technological advancements such as low CO2 emissions and maintenance, smooth driving, and reduced engine noise. Demand for electric vehicles is rapidly increasing as they are fuel efficient, high-performance, and low-emission vehicles. Strict government rules and regulations regarding vehicle emissions and reduced cost of electric vehicles are significantly boosting the market growth.

Key Drivers of Growth:

Technological Advancements: Significant improvements in battery technology have led to longer ranges, faster charging times, and lower costs, making EVs more accessible to consumers. Innovations in autonomous driving and smart connectivity are further enhancing the appeal of electric vehicles.

Environmental Concerns: With growing awareness of climate change and the harmful effects of fossil fuels, consumers and businesses are increasingly opting for electric vehicles as a sustainable alternative. The push for cleaner air and reduced carbon footprints is a major impetus for the shift towards EVs.

Government Policies and Incentives: Governments worldwide are implementing stringent emissions regulations and offering incentives such as tax rebates, subsidies, and grants to promote the adoption of electric vehicles. These policies are crucial in accelerating the transition from internal combustion engine vehicles to electric ones.

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Market Segments:

Passenger Vehicles: The largest segment of the EV market, driven by increasing consumer demand for eco-friendly personal transportation options.

Commercial Vehicles: Rapid growth is expected in electric buses, trucks, and delivery vans as businesses seek to reduce operational costs and comply with environmental regulations.

Two-Wheelers: Electric scooters and motorcycles are gaining popularity, particularly in urban areas, due to their affordability and convenience.

Regional Insights:

North America: The U.S. leads the region with robust infrastructure development and strong policy support, fostering significant growth in EV sales.

Europe: The European market is buoyed by stringent emission norms and substantial government incentives, with countries like Norway and Germany at the forefront of adoption.

Asia-Pacific: China dominates the global EV market, driven by aggressive government initiatives and a thriving manufacturing sector. India and Japan are also emerging as key players with increasing investments in EV infrastructure.

Industry Challenges:

Despite the positive outlook, the EV market faces challenges such as high initial costs, limited charging infrastructure in certain regions, and supply chain disruptions. However, ongoing investments in research and development, coupled with strategic collaborations between automakers, technology companies, and governments, are expected to mitigate these challenges and drive sustained growth.

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Our market intelligence reports offer fact-based and relevant insights across range of industries including chemicals & materials, healthcare, food & beverage, automotive & transportation, energy & power, packaging, industrial equipment, building & construction, aerospace & defence, semiconductor & electronics to name few.

Our approach is deeply collaborative, working closely with clients to drive transformative change that benefits all stakeholders and have positive impacts. With a strong emphasis on innovation, we’re here to help businesses grow, build sustainable advantages, and bring remarkable changes.

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