Global Electric Scooter and Motorcycle Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Electric Scooter and Motorcycle Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global electric scooter and motorcycle market report has been segmented on the basis of product type, battery type, technology, and region.
Global Electric Scooter and Motorcycle Market: Overview
Electric motorcycles are also known as electric motorbikes or e-bikes, built with strong metallic and fiber frames integrated with mechanical and electronic components. Similarly, electric scooters are also two-wheeler vehicles driven by internal combustion engines and have metallic or fiber bodies, consisting of a footboard on which riders rest their feet. Piaggio Vespa, TVS Jupiter and Aprilla SRV 850 are some common example of scooters
Global Electric Scooter and Motorcycle Market: Dynamics
Rising consumer awareness towards climate change and implementation of regulations for pollution and environment control are some major factors expected to drive growth of the global market over the forecast period.
In addition, increasing government initiative towards influencing manufacturers for developing innovative and technologically advanced products by offering subsidies and incentives, and consumers to adopt such environment-friendly product. These factors are expected to further fuel growth of the target market over the forecast period.
Moreover, factor such as low-cost, environment-friendly, and easy availability are some other factors expected to boost growth of the target market over the forecast period.
Lack of infrastructure for battery charging, poor performance, and high cost of batteries are some major factors expected to restrain growth of the global market over the forecast period.
Ongoing trend observed in the target market is rising adoption of electric scooters and motorcycles for food and beverage delivery purpose as compared to conventional scooters and rising focus to reduce maintenance and servicing cost spent on fuel-based vehicles
Development of solar powered and automated charging stations is expected to create lucrative opportunities for electric vehicle manufacturers operating in the target market over the forecast period.
Global Electric Scooter and Motorcycle Market: Segment Analysis
Among the product type segments, the electric motorcycle segment is expected to register significant growth in terms of revenue over the forecast period, owing to increasing innovative and cost-effective product development.
Among the battery type segments the, seaLED lead acid (SLA) battery segment is expected to register significant growth in terms of market share over the forecast period, owing to cost-effective product, compatibility with EV, and presence of battery manufacturers across Asia Pacific region.
Among the technology segments, the plug-in based segment is expected to register significant growth over the forecast period, owing to rising preference for this technology.
Global Electric Scooter and Motorcycle Market: Regional Analysis
The market in Asia Pacific is expected to dominate in the global electric scooter and motorcycle market over the forecast period, owing to increasing production and rising consumer preference towards adoption of electric vehicles in order to control carbon emission. In addition, growing population resulting in traffic congestion across various countries is expected to drive growth of the target market in this region over the forecast period.
The market in North America is expected to register significant growth in terms of revenue over the forecast period, owing to increasing government initiatives towards growing awareness of such products among individuals in the region.
Global Electric Scooter and Motorcycle Market Segmentation:
Segmentation by product type:
- Electric Scooter
- Electric Motorcycle
Segmentation by battery type:
- SeaLED lead acid
Segmentation by technology:
- Plug-in based
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Amego Electric Vehicles Inc.
- Alta Motors Inc.
- Bayerische Motoren Werke Aktiengesellschaft
- Govecs AG
- AIMA Technology Group CO., LTD
- Ampere Vehicles Pvt Ltd.
- Energica Motor Company S.p.A.
- Hero Electric Vehicles Pvt Ltd.
- Mahindra GenZe
- Vmoto Ltd.
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