Indonesia Electric Two-Wheeler Market (2026-2031)
The Indonesia Electric Two-Wheeler Market was valued at $236 Million in 2026 and projected to reach to $272 Million by 2031, representing a compound annual growth rate of 7.1%. Indonesia's electric two-wheeler market is positioned for sustained growth through 2031, supported by structural factors including rapid urbanization, escalating fuel costs, and increasing environmental consciousness among consumers.
| Market Size in | USD 26.32 MN |
| Market Forecast in | |
| CAGR | |
| Forecast Period | |
| Units Considered | Value (USD MN) |
Indonesia Electric Two-Wheeler Market Trends and Insights
- This growth trajectory reflects Indonesia's increasing urbanization, rising fuel costs, and growing environmental awareness among consumers seeking sustainable transportation alternatives.
- Indonesia's two-wheeler market, traditionally dominated by internal combustion engines, is gradually shifting toward electric mobility as government incentives and improved charging infrastructure support adoption. The forecast period from 2026 to 2031 will be critical for Indonesia's electric two-wheeler sector, as the country positions itself as a regional manufacturing hub for electric vehicles.
- Indonesia's young, cost-conscious population and dense urban centers create favorable conditions for electric two-wheeler penetration.
- Market expansion in Indonesia will be driven by declining battery costs, increased local manufacturing capacity, and rising consumer preference for affordable, low-emission commuting solutions in cities like Jakarta, Surabaya, and Bandung..
Key Market Statistics
- CAGR (2026-2031) 7.1% CAGR
- Market Size, 2026 ~USD 236 Million
- Forecast, 2031 ~USD 272 Million
- Country Indonesia
Indonesia Electric Two-Wheeler Market Overview
Market Valuation Growth :
Indonesia's electric two-wheeler market is valued at USD 236.0 million in 2026 and is projected to reach USD 272.0 million by 2031, demonstrating consistent expansion driven by urbanization and sustainability trends.
Steady CAGR Performance :
The Indonesian market is growing at a compound annual growth rate of 7.1% from 2026 to 2031, slightly below the global average of 7.6%, indicating localized market maturation and adoption patterns.
Urbanization & Fuel Cost Drivers :
Rising fuel prices and rapid urbanization in Indonesian cities are accelerating consumer demand for cost-effective and eco-friendly two-wheeler alternatives, particularly in congested metropolitan areas.
Environmental Consciousness :
Growing environmental awareness among Indonesian consumers is shifting preferences toward electric two-wheelers as sustainable transportation solutions, aligning with regional climate commitments and air quality concerns.
Indonesia Electric Two-Wheeler Market Dynamics
- The 7.1% CAGR reflects a maturing market with expanding adoption across urban centers and emerging middle-class segments seeking affordable, sustainable mobility solutions. Government initiatives promoting electric vehicle adoption, coupled with improving charging infrastructure and declining battery costs, are expected to further accelerate market penetration.
- The competitive landscape will intensify as both domestic and international manufacturers expand their product portfolios to capture Indonesia's growing demand for cost-effective electric two-wheelers..
Related Ecosystem
Driving Support Security
Electric Hybrid Vehicles
On Highway Off Highway Vehicles
Key Takeaways
- Indonesia's electric two-wheeler market will grow from USD 236.0 million in 2026 to USD 272.0 million by 2031 at a 7.1% CAGR.
- Indonesia's urbanization and rising fuel costs are primary drivers accelerating the shift from conventional to electric two-wheelers.
- Indonesia's young demographic and dense urban centers position the country as a high-potential market for affordable electric mobility solutions.
- Indonesia's emerging local manufacturing ecosystem and declining battery costs will support sustained market expansion through 2031.
Electric Two-Wheeler Market Report Scope
| Report Metric | Details |
|---|---|
| Base Year | 2026 |
| Fastest Growing Segment | BATTERY (Technology Type) |
| Forecast Period | 2026–2031 |
| Growth Rate | CAGR of 7.6% from 2026 to 2031 |
| Largest Segment | LITHIUM-ION (Battery Type) |
| Market Size Base Year (Billions) | ~USD 5.32 (2026) |
| Revenue Forecast (Billions) | ~USD 7.68 (2031) |
| Segments Covered | Vehicle Type, Vehicle Class, Voltage Type, Battery Type, Range, Usage, Technology Type, Motor Type |
Indonesia Electric Two-Wheeler Market Report Segmentation
8 segment dimensions are covered across the global market.
By Vehicle Type
- E-Motorcycle
- E-Scooter/Moped
By Vehicle Class
- Economy
- Luxury
By Voltage Type
- 36 V
- 48 V
- 60 V
- 72 V
- Above 72 V
By Battery Type
- Lithium-Ion
- Sealed Lead-Acid
By Range
- 75–100 Miles
- Above 100 Miles
- Below 75 Miles
By Usage
- Commercial
- Private
By Technology Type
- Battery
- Plug-In
By Motor Type
- Hub Motor
- Mid-Drive Motor
Target Audience
- Electric Two-Wheeler Manufacturers : Manufacturers need Indonesia-specific market data to assess market size, growth potential, and competitive dynamics for product launches, capacity planning, and regional expansion strategies.
- Investment & Private Equity Firms : Investors require localized market forecasts and valuation metrics for Indonesia to evaluate investment opportunities, assess portfolio companies, and identify high-growth market segments.
- Government & Policy Makers : Indonesian policymakers need market intelligence to design effective EV incentive programs, infrastructure investments, and regulatory frameworks aligned with market growth trajectories.
- Distribution & Retail Partners : Distributors and retailers require Indonesia market insights to optimize inventory management, channel strategy, and sales forecasting for electric two-wheeler product lines.
- Market Research & Consulting Firms : Research organizations need comprehensive Indonesia market data to support client advisory services, competitive benchmarking, and strategic recommendations in the electric mobility sector.
Key Companies in the Indonesia Electric Two-Wheeler Market
| Company | HQ | Ownership | Strongest segments |
|---|---|---|---|
| VISTEON CORPORATION | United States | Public Company | Instrument clusters and information displays,Infotainment and connected car solutions,SmartCore domain controllers and middleware, |
| VINFAST | Vietnam | Public Company | Car (EV SUVs, mini EVs, pickup, MPV),E-scooters and electric bikes,E-bus and services (battery lease, charging), |
| TVS MOTOR COMPANY | India | Public Company | Motorcycles (Apache, Raider, Radeon, StaR City+, HLX, Sport),Scooters (Jupiter, Neo, Ntorq, Zest),Electric two-wheelers and e-bikes (TVS X, Orbiter, iQube, Cilo, Simpel, Zenith, Allegro), |
| BAJAJ AUTO LTD. | India | Public Company | Motorcycles and bikes (ICE),Three-wheelers and commercial vehicles,Electric two-wheelers, |
| ATHER ENERGY | India | Public Company | Premium electric scooters (flagship models),Mid-range/entry EV scooters,Charging infrastructure, software, accessories, and insurance, |
| OLA ELECTRIC | India | Public Company | Electric scooters (complete vehicles),EV components (battery packs, motors, frames),Cells and energy solutions, |
| GOGORO | Taiwan | Public Company | Electric scooters and bikes (hardware sales),Battery swapping services (Swap & Go, subscriptions),Platform technology, software, and licensing, |
| HERO MOTOCORP LTD. | India | Public Company | Motorcycles (ICE),Scooters (ICE),Electric scooters, |
| VMOTO LIMITED | Australia | Public Company | Electric mopeds / scooters,Electric motorcycles,Fleet solutions (VMOTO Fleet, services), |
| JIANGSU XINRI E-VEHICLE CO., LTD. | China | Public Company | High-speed and moped electric two-wheelers,Small-size vehicles and E-car related products,Electric bicycles, |
| ASKOLL EVA S.P.A. | Italy | Private Company | Electric scooters (consumer and B2B),Pedal-assisted e-bikes,Services, rentals, and accessories, |
VISTEON CORPORATION
Visteon Corporation is a publicly traded American company founded in 2000 with 10,500 employees. It is a global automotive supplier specializing in cockpit electronics and connected car solutions.
VINFAST
VinFast is a Vietnamese public company with 29,878 employees that manufactures electric vehicles and batteries. The company has rapidly expanded its operations to become a major player in the global EV market.
TVS MOTOR COMPANY
TVS Motor Company is an Indian public company founded in 1992 with 6,850 employees. It manufactures two-wheelers, three-wheelers, and commercial vehicles for domestic and international markets.
BAJAJ AUTO LTD.
Bajaj Auto Ltd. is an Indian public company founded in 1945 with 5,231 employees. It is a leading manufacturer of motorcycles, scooters, and three-wheelers with a significant global presence.
ATHER ENERGY
Ather Energy is an Indian private company founded in 2013 with 1,617 employees. It designs and manufactures electric scooters and develops charging infrastructure for the Indian market.
OLA ELECTRIC
Ola Electric is an Indian public company founded in 2017 that manufactures electric two-wheelers and related products. The company is focused on sustainable mobility solutions for the Indian market.
GOGORO
Gogoro is a Taiwanese public company founded in 2011 with 1,416 employees. It manufactures electric scooters and operates a battery-swapping network for convenient vehicle charging.
HERO MOTOCORP LTD.
Hero MotoCorp Ltd. is an Indian public company founded in 1984 with 9,177 employees. It is one of the world's largest manufacturers of two-wheelers and motorcycles.
VMOTO LIMITED
Vmoto Limited is an Australian public company founded in 2001. It designs and manufactures electric scooters and motorcycles for global markets.
JIANGSU XINRI E-VEHICLE CO., LTD.
Jiangsu Xinri E-Vehicle Co., Ltd. is a Chinese public company founded in 1999 with 2,204 employees. It manufactures electric vehicles and components for the Chinese market.
ASKOLL EVA S.P.A.
Askoll Eva S.p.A. is an Italian private company founded in 1978 with 64 employees. It manufactures electric motors and powertrains for two-wheelers and light vehicles.
Reasons to Buy this Report
- Localized Market Intelligence : Gain Indonesia-specific insights on market size, growth trajectories, and valuation metrics that differ from global averages, enabling precise business planning and investment decisions.
- Growth Driver Analysis : Understand the unique factors propelling Indonesia's 7.1% CAGR, including urbanization patterns, fuel cost dynamics, and environmental awareness trends specific to the Indonesian market.
- Competitive Positioning : Identify market opportunities and competitive gaps within Indonesia's USD 236-272 million market segment to develop targeted go-to-market strategies and product positioning.
- Investment & Expansion Planning : Leverage Indonesia-focused forecasts and market data to evaluate expansion opportunities, assess market entry timing, and allocate resources effectively in this high-growth Southeast Asian market.
- Consumer Behavior Insights : Access detailed understanding of Indonesian consumer preferences, purchasing drivers, and sustainability motivations to inform product development and marketing strategies.
Frequently asked questions
What is the current size of Indonesia's electric two-wheeler market?
Indonesia's electric two-wheeler market was valued at USD 236.0 million in 2026 and is expected to reach USD 272.0 million by 2031.
What is the projected growth rate for Indonesia's electric two-wheeler market?
Indonesia's electric two-wheeler market is projected to grow at a compound annual growth rate (CAGR) of 7.1% from 2026 to 2031.
What factors are driving growth in Indonesia's electric two-wheeler market?
Key drivers in Indonesia include urbanization, rising fuel costs, government incentives, improved charging infrastructure, declining battery costs, and increasing environmental awareness among consumers.
Which cities in Indonesia are leading electric two-wheeler adoption?
Major urban centers in Indonesia such as Jakarta, Surabaya, and Bandung are leading adoption due to high population density, traffic congestion, and growing environmental consciousness.
How does Indonesia's market compare to the global electric two-wheeler market?
Indonesia's electric two-wheeler market is growing at 7.1% CAGR, slightly below the global average of 7.6%, reflecting Indonesia's emerging market status and developing charging infrastructure.
RESEARCH METHODOLOGY
This research study involved the extensive use of secondary sources, such as company annual reports/presentations, industry association publications, automotive magazine articles, directories, technical handbooks, the World Economic Outlook, trade websites, technical articles, and databases, to identify and collect information on the electric two-wheeler market. In-depth interviews were conducted with various primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information and assess market prospects.
Secondary Research
In the secondary research process, various secondary sources were referred to identify and collect information on the electric two-wheeler market for this study. Secondary sources included annual reports, press releases, and investor presentations of companies; whitepapers, certified publications, and articles from recognized authors; directories; databases; and articles from recognized associations and government publishing sources.
Primary Research
Extensive primary research was conducted after understanding the electric two-wheeler market scenario through secondary research. Several primary interviews were conducted with market experts from both demand (vehicle manufacturers, country-level government associations, and trade associations) and supply (OEMs and component manufacturers) sides across three regions: North America, Europe, and Asia Pacific. Approximately 30% and 70% of primary interviews were conducted from the demand and supply sides, respectively. Primary data was collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, various departments within organizations, such as sales, operations, and administration, were covered to provide a holistic viewpoint in the report.
Breakdown of Primary Respondents:
Note: The tiers of companies are based on the supply chain of the electric two-wheeler market.
Other designations include design engineers, manufacturing engineers, and sales executives.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Bottom-up Approach
The bottom-up approach was used to estimate and validate the size of the electric two-wheeler market by vehicle type. In this approach, the vehicle sales statistics for each vehicle type (e-scooters/mopeds, e-motorcycles) have been considered at the country level. To determine the market size in terms of volume and value, a mapping of electric two-wheelers has been conducted for each country and vehicle type (e-scooters/mopeds, e-motorcycles). Following this, the market has been categorized for these vehicle types. The number of electric models varies from country to country. The country-level data has been summed up to arrive at the regional-level data in terms of volume. The summation of the country-level market size gives the regional market size, and further summation of the regional market size provides the global electric two-wheeler market size. Further, the volume numbers have been multiplied by the average selling price of electric scooters and motorcycles by vehicle type, which gives the global electric two-wheeler market in terms of value.
Top-Down Approach
The top-down approach has been used to estimate and validate the size of the electric two-wheeler market at the global level and by battery type, vehicle class, distance covered, technology type, usage, motor type, motor power, and voltage type in terms of volume and value. In this approach, battery type, vehicle class, distance covered, technology, usage, motor type, motor power, and voltage segments of the electric two-wheeler market have been identified at the regional level. The penetration identified for each battery type, vehicle class, distance covered, technology type, usage, and voltage type for each vehicle type has been multiplied by the volume of each scooter and motorcycle at the regional level to derive the segmental market size by volume. All regional-level data have been summed up to derive the global electric two-wheeler market by battery type, vehicle class, distance covered, technology, usage, and voltage.
Data Triangulation
After arriving at the overall market size using the market size estimation process explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Market Definition
Electric two-wheelers are plug-in vehicles powered by electric motors. They store electricity in rechargeable batteries, which drive the motors. These vehicles produce zero emissions and are considered electric motor-driven. The operating and top speeds of electric two-wheelers depend on battery technology. Scooters and mopeds are simple-to-operate two-wheelers with a step-through frame and a foot platform. They are budget-friendly, lightweight, and easy to commute with. Motorcycles are heavier, faster, and larger than scooters and mopeds. Depending on the needs, they feature different body designs and frames compared to scooters and mopeds. The electric versions of scooters and motorcycles are powered by electricity stored in their batteries.
Stakeholders
- Electric Two-wheeler Associations, Forums, and Alliances
- Automobile Manufacturers
- Automotive Component Manufacturers
- Automotive Investors
- Battery Distributors
- Battery Manufacturers
- Charging Infrastructure Providers
- Charging Service Providers
- Electric Two-wheeler Distributors and Retailers
- Electric Two-wheeler Charging Station Service Providers
- Electric Two-wheeler Cable Manufacturers
- Government Agencies and Policymakers
- Electric Two-wheeler Manufacturers
- Electric Two-wheeler Charging Pole Manufacturers
- Electric Two-wheeler Component Manufacturers
- Raw Material Providers
Report Objectives
- To segment and forecast the size of the electric two-wheeler market in terms of value and volume based on vehicle type, battery type, voltage, vehicle class, technology, distance covered, usage, motor type, motor power, and region
- To forecast the size of market segments with respect to the following regions: North America, Europe, and Asia Pacific
- To identify and analyze key drivers, restraints, opportunities, and challenges influencing market growth
- To analyze market opportunities for stakeholders
- To analyze micro markets with respect to individual growth trends, prospects, and contributions to the total market
- To strategically profile key players and comprehensively analyze their market share and core competencies
-
To study the following with respect to the market:
- Supply Chain Analysis
- Ecosystem Analysis
- Technology Analysis
- Trade Analysis
- Case Study Analysis
- Patent Analysis
- Regulatory Landscape
- Key Conferences and Events
- Pricing Analysis
- Buying Criteria
- To track and analyze competitive developments, such as product launches/developments and deals, undertaken by key market players
Get the Full Electric Two-Wheeler Market Report
Full forecast, segment splits, and company analysis for all Electric Two-Wheeler Market.
- China Electric Two-Wheeler Market
- Japan Electric Two-Wheeler Market
- India Electric Two-Wheeler Market
- South Korea Electric Two-Wheeler Market
- Taiwan Electric Two-Wheeler Market
- Thailand Electric Two-Wheeler Market
- Malaysia Electric Two-Wheeler Market
- Philippines Electric Two-Wheeler Market
- Vietnam Electric Two-Wheeler Market
- France Electric Two-Wheeler Market
- Germany Electric Two-Wheeler Market
- Spain Electric Two-Wheeler Market
- Austria Electric Two-Wheeler Market
- UK Electric Two-Wheeler Market
- Italy Electric Two-Wheeler Market
- Belgium Electric Two-Wheeler Market
- Netherlands Electric Two-Wheeler Market
- Poland Electric Two-Wheeler Market
- Denmark Electric Two-Wheeler Market
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