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Status : Published Published On : Nov, 2024 Report Code : VRAT4049 Industry : Automotive & Transportation Available Format : Page : 88
2025
2030

Malaysia Electric Two-Wheeler Market Size & Share | Growth Forecast Report 2030

Industry Insights by Product (E-scooters, E-bikes, E-motorcycles, Others), by Battery Type (Sealed Lead Acid, Li-ion, Ni-MH), by Battery Technology (Removable Battery, Non-removable Battery), by Voltage (24V, 36V, 48V, 60V, 72V)

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Industry Overview

The Malaysia Electric Two-Wheeler Market is predicted to grow at 15.4% CAGR during the forecast period, in terms of revenue size.

Malaysia Electric Two-Wheeler Market

The Malaysian market is primarily driven by the anticipated government initiatives in the coming years along with the need to curb vehicular emissions. Different products including e-scooters and e-bikes are majorly contributing to the electric two-wheeler market size in Malaysia.

Malaysia Electric Two-Wheeler Market Report Coverage

Report Metric

Details

Historical Period

2018 - 2023

Base Year Considered

2024

Forecast Period

2025 - 2030

Market Size in 2023

U.S.D.  XX Billion

Revenue Forecast in 2030

U.S.D.  XX Billion

Growth Rate

15.4%

Segments Covered in the Report

By Product, By Battery Type, By Battery Technology, By Voltage

Report Scope

Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling

Regions Covered in the Report

Malaysia

Malaysia Electric Two-Wheeler Industry Dynamics

Malaysia Electric Two-Wheeler Market Trends / Growth Drivers:

The Malaysia electric two-wheeler market is boosting segment within the broader electric vehicle (EV) industry. As environmental concerns grow and urban congestion becomes an issue, electric two-wheelers like electric scooters and e-bikes are gaining popularity due to their eco-friendliness, affordability, and suitability for navigating traffic in urban areas.

Government support and policies in Malaysia promote electric mobility, as part of its broader goal to reduce carbon emissions and combat climate change. Various incentives and policies that encourage the adoption of electric vehicles (EVs), include tax exemptions and subsidies, investment in charging infrastructure, and urbanization and traffic congestion. As cities like Kaula Lumpur become more crowded, the demand for cost-effective, and eco-friendly mobility solutions is anticipated to grow. The factors that contribute to the growth of this market include cost efficiency as the electric two-wheelers are more affordable than traditional gasoline-powered motorc cycles and have lower maintenance costs. Additionally technological advancements and environmental awareness too play an important role in the market growth. Local manufacturers like MODENAS (Motosikal dan Enjin Nasional Sdn Bhd), which is a key player in the Malaysian motorcycle market, are exploring electric vehicle models and international players like Super Soco, NIU, and Yadea have started to introduce their products in Malaysia, focusing to capture the increasing demand for sustainable urban transport options.

Malaysia Electric Two-Wheeler Market Challenges

Malaysia Electric Two-Wheeler Market is hampered by limited charging infrastructure compared to traditional fueling stations due to which the adoption of electric two wheeler is restrained. Consumer perception about the range, reliability, and charging convenience of electric two-wheelers may take some time to change. Initial purchase cost of an electric two-wheeler can be higher than that of a conventional one. However, this is expected to decrease over time with technological advancements and government incentives.

Malaysia Electric Two-Wheeler Market Segmentation

VynZ Research provides an analysis of the key trends in each segment of the Malaysia Electric Two-Wheeler Market report, along with forecasts at the regional and country levels from 2025-2030. Our report has categorized the market based on product, battery type, battery technology and voltage.

Insight by Product

  • E-scooters
  • E-bikes
  • E-motorcycles

Based on product, the market is categorized into e-scooters, e-bikes, and e-motorcycles. E-scooters hold the largest share in the Malaysian market, in terms of revenue as well as fleet size. E-motorcycles are anticipated to witness the fastest growth during the forecast period.

Insight by Battery Type

  • Sealed Lead Acid
  • Li-ion
  • NiMH

Based on battery type, the market is segmented into sealed lead acid, Li-ion, and NiMH. Sealed lead acid is the most common type of battery used in electric two-wheelers in Malaysia. Lower prices are the primary reason behind the highest share of sealed lead acid batteries in the Malaysian electric two-wheelers market.

Insight by Battery Technology

  • Removable
  • Non-Removable

Based on battery technology, the market is categorized into removable and non-removable batteries. Of both categories, non-removable batteries are majorly used in the market as it is convenient for electric two-wheelers to plug in and charge batteries instead of removing and charging indoors.

Insight by Voltage

  • 24V
  • 36V
  • 48V
  • 60V
  • 72V

Based on voltage, the market is segmented into 24V, 36V, 48V, 60V, 72V. Of all, 48V electric two-wheelers hold the largest share in the Malaysian electric two-wheeler market, followed by 36V two-wheelers.

Malaysia Electric Two-Wheeler Market: Geographic Overview

Central region of Malaysia dominates the market due to the expansion of charging networks and shared mobility services.

Malaysia Electric Two-Wheeler Market Competitive Insight

  • Eclimo Sdn. Bhd.
  • Airwheel Holding Limited
  • Artroniq
  • Treeletrik
  • Ningbo MYWAY Intelligent Technology Co. Ltd.

Eclimo Sdn Bhd is a visionary electric vehicle manufacturer in Asia established in 2008. After the success of ES-11 electric scooter, particularly in the commercial and civil services industry, they are armed and advancing to awesomer rides. 

Airwheel Holding Limited is been established in 2004, with manufacturing, R&D, marketing, and logistics center in countries such as United States, Belgium and China. As one of the world leading smart transportation device manufacturers, Airwheel is committed to bring out the joy of technology and to practice the cooperate culture. Ariwheel has completed the integration of portable transportation industrial chain, and the globalization of the companies brand name which have served over 30 million customers in 168 countries.

The Malaysia Electric Two-Wheeler Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.

PRIMARY RESEARCH INTERVIEWS - BREAKDOWN
Malaysia Electric Two-Wheeler Market Analysis

Frequently Asked Questions

Which are the major growth driver for this market?

The Malaysia Electric Two-Wheeler Market is primarily driven by the anticipated government initiatives in the coming years along with need to curb the vehicular emissions.

Which are the major product for this market?

Based on product, the market is categorized into e-scooters, e-bikes, e-motorcycles and others.

Which are the major companies operating the market?

Some of the key players offering electric two-wheelers in the country include Eclimo Sdn. Bhd., Airwheel Holding Limited and Ningbo MYWAY Intelligent Technology Co. Ltd.

Which are the major battery technology for this market?

On the basis of battery type, the market is segmented into sealed lead acid, Li-ion, and NiMH.

What is expected growth rate of the market by the year 2030?

The Malaysian electric two-wheeler market is predicted to grow at 15.4. % CAGR during the forecast period,

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