The global demand for Electric Scooter and Motorcycle Market is presumed to reach the market size of nearly USD 22140.95 MN by 2028 from USD 8123.73 MN in 2021 with a CAGR of 15.4% under the study period 2022 - 2028.
Electric scooters and motorcycles are two different vehicles that come as two-wheelers. The electric scooter comes in three types -electric kick scooter, electric moped, and self-balancing e-scooter. An electric scooter comes without peddles, while an electric motorcycle comes with a peddle. On the other hand, the electric motorcycle comes in three basic models: peddle assist, throttle only and peddle assist 28mph, mostly used by racers. The electric scooter price is lower than the electric motorcycle.
Market Dynamics
The electric scooter and motorcycle market will likely grow satisfactorily in the projection period. The key growth driver for this market is the growing price of petroleum products. Consumers from developing economies are already affected by the rising cost of petrol. So, riding an electric motorbike and scooter will eliminate gasoline use. The possibility of a breakdown of electric vehicles is less than the conventional ones as they are more durable and efficient. They are environmental-friendly and last longer. Moreover, the cost involved in replacing batteries in conventional vehicles is another factor driving the market for electric motorcycles and scooters. The electric motorcycle section is likely to grow faster in the projected period since e-scooters are meant for commuting only at a short distance, and e-motorcycles serve many purposes like commuting, racing, off-roading etc.
The research 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 an inclusive assessment of each segment in the global market of electric scooter and motorcycle. The growth and trends of electric scooter and motorcycle industry provide a holistic approach to this study.
Market Segmentation
This section of the electric scooter and motorcycle market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product
By Battery Type
- Sealed Lead Acid (SLA)
- Lithium-Ion (Li-Ion)
By Voltage
By Technology
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Electric Scooter and Motorcycle market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Electric Scooter and Motorcycle 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 scooter and motorcycle market include Yadea Technology Group Co. Ltd., Zhejiang Luyuan Electric Vehicle Co. Ltd., Jiangsu Xinri E-Vehicle Co. Ltd., Dongguan Tailing Electric Vehicle Co. Ltd., Alta Motors, BMW AG, GOVECS Group, AIMA Technology Co. Ltd., Ampere Vehicles Pvt. Ltd., Energica Motor Company S.p.A., Hero Electric Vehicles Pvt. Ltd., Mahindra GenZe, Vmoto Limited. This section consists of 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.
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