The global demand for Electric Motorcycles and Scooters Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022 - 2028.
Electric motorcycles and scooters are two or three-wheelers fitted with an electric motor and a rechargeable battery for operation. Most of these electric vehicles are powered by lithium-ion batteries that can be recharged by plugging into ordinary wall outlets, usually taking about eight hours. Some vehicles are equipped with battery swapping systems, especially for owners who do not have a garage outlet or the facility for an instant recharge on the go. They suffer a considerable disadvantage compared with vehicles running on gasoline since batteries cannot store as much energy. These vehicles' other notable characteristics: they need very little maintenance, enormous fuel cost advantage, longer charging times, and are far quieter.
Market Dynamics
The emerging need for sustainable fuel-efficient transportation will be the main driver for the growth of the electric vehicle market. Rising energy costs and a shift towards renewable energy will provide the impetus for market growth. Favorable Government promotions and incentives like extra subsidies for electric vehicle owners to reduce greenhouse gas emissions will further benefit market growth. Easy incorporation of regenerative braking, high motor efficiency, low maintenance costs, and low noise levels are some of the factors which make them a favored choice against gasoline-powered vehicles. The barriers hampering market growth are high costs and power grid issues.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each segment in the global market of electric motorcycles and scooters.
Market Segmentation
This section of the electric motorcycles and scooters market report provides detailed data on the segments by analyzing them geographically, thereby assisting the strategist in identifying the target demographics for the respective product or service.
By Product
By Battery
By Voltage
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for Electric motorcycles and scooters market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Electric Motorcycles and Scooters Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the electric motorcycles and scooters market include AIMA, Amper Vehicles, BMW, CAKE, Energica Motor Company S.p.A, Govecs Group, Harley Davidson, Hero Eco, KTM, Lightning Motorcycles, Mahindra GenZe, Shandong Incalcu Electric Vehicle Co. Ltd, Sunra. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.