Electric Motorcycles & Scooters Market Size To see Modest Growth Through 2027
The global electric motorcycles & scooters market is slated to observe immense growth due to the rising number of industry players in the sector and increasing consumer inclination towards battery-powered electric vehicles. Emerging companies like Gogoro, Pedego Electric Bikes, and Segway are making partnership deals with scooter-sharing firms to expand their presence and establish a strong foothold in the market.
Electric motorcycles are experiencing high demand on account of the advancement in battery and powertrain technologies. The technological developments are offering superior engine performance as well as high, controlled speeds to electric motorcycles. Growing demand for efficient, low noise and long range transport solutions is one of the key factors fueling the demand for electric motorcycles. In addition, grants and subsidies provided by governments on the purchase of electric motorcycles will further boost product sales in the coming years.
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Following is a brief overview of major trends that are characterizing the global electric motorcycles & scooters market outlook:
Increasing adoption of 24V batteries in scooters
In terms of the voltage, 24V batteries are projected to observe a tremendous demand from the electric scooters sector over the coming years. These batteries offer shorter distance ranges that are optimum for day-to-day commutes travel across populated urban cities.
The product has a fewer number of cells, which reduces its weight and cost significantly, effectively increasing their adoption in daily commuter vehicle models. In addition, the ongoing expansion of electric scooter sharing services for commute in urban areas would propel the demand for 24V batteries over the coming years.
Rising environmental concerns
With an aim to tackle the environmental concerns arising due to pollution, a number of global government organizations are actively promoting the use of electric vehicles, including motorcycles and scooters.
Several governments have rolled out favorable regulations and have started providing consumers substantial subsidies, incentives, and grants to promote the purchase of new electric scooters and motorcycles, which is likely to significantly help augment the overall market share.
Shifting industry conditions in Asia Pacific
The Asia Pacific electric motorcycles & scooters market is slated to foresee heavy growth over the coming years due to the growing environmental concerns in the region. Rapidly growing levels of carbon emissions is creating an immense need for eco-friendly transportation solutions across countries like China and India.
The APAC is also home to the world’s largest two-wheeler market with India, Vietnam, and China leading the charge. Considering its potential, several market players are actively looking to consolidate their presence in the regional market. In fact, emerging manufacturers like Ultraviolette Automotive and Emflux are foraying into India, which is likely to majorly impact the regional market outlook through the projected timeframe
Major producers and developers of electric motorcycles & scooters market include Amper Vehicles, Harley Davidson, Shandong Incalcu Electric Vehicle, Lightning Motorcycles, Mahindra GenZe, Energica Motor Company S.p.A, Govecs Group, KTM, Z Electric Vehicle and Zero Motorcycles, among others.
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Partial Chapter of the Table of Content
Chapter 4 Competitive Landscape,
4.1 Introduction
4.2 Company market share analysis, 2020
4.3 Competitive analysis of key market players
4.3.1 Energica Motor Company S p A
4.3.2 Hero Electric
4.3.3 Niu Technologies
4.3.4 SUNRA
4.3.5 Vmoto Limited
4.3.6 Yadea Technology Group Co Ltd
4.3.7 Zero Electric Motorcycles
Chapter 5 Electric Motorcycles & Scooters Market, By Product
5.1 Key trends by products
5.2 Electric Motorcycles
5.2.1 market estimates and forecast, 2017 – 2027
5.3 Electric Scooters
5.3.1 market estimates and forecast, 2017 – 2027
Chapter 6 Electric Motorcycles & Scooters Market, By Battery
6.1 Key trends by battery
6.2 SLA
6.2.1 market estimates and forecast, 2017 – 2027
6.3 Li-ion
6.3.1 market estimates and forecast, 2017 – 2027
Chapter 7 Electric Motorcycles & Scooters Market, By Voltage
7.1 Key trends by voltage
7.2 24V
7.2.1 market estimates and forecast, 2017 – 2027
7.3 36V
7.3.1 market estimates and forecast, 2017 – 2027
7.4 48V
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