Global Electric Scooter and Motorcycle Market Outlook for 2022-27
Markntel Advisors has conducted a comprehensive study on the Global Electric Scooter and Motorcycle Market is projected to grow at a CAGR of around 32% during the forecast period, i.e., 2022-27. The growth of the market is driven primarily by the alarming carbon emission levels, especially from vehicles, and the growing awareness among people about the need to curb these levels by procuring environment-friendly mobility solutions, i.e., surging the sales of electric scooters & motorcycles worldwide.
In addition, the Global Electric Scooter and Motorcycle Market Study highlights the impact of domestic and localized market players, emerging revenue opportunities, strategic market growth analysis, product approvals, product launches, geographic expansions, and technological innovations. The objective of the report is to provide a detailed understanding of the industry, including its features, factors, and elements, along with insights into the regulatory scenario & regional dynamics that may impact market growth.
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Possible Growth Restraint for the Global Electric Scooter and Motorcycle Market
- Improper or Lack of EV Charging Infrastructure
While electric scooters & motorcycles are gaining traction, there is still a long way to their 100% deployment across different countries. Several countries & regions, as of now, do not have well-structured EV charging infrastructure, which restrains the sales of these vehicles and challenges the growth of the Global Electric Scooter and Motorcycles Market.
Additionally, as electric scooters & motorcycles are more expensive than fuel-based vehicles & somewhat deliver similar performance, several cost-sensitive consumers are unwilling to invest in these vehicles. Hence, it is another prominent aspect projecting hindrance to the overall market expansion through 2027.
Global Electric Scooter and Motorcycle Industry Breakdown: Key Revenue Generating Segments
To facilitate focused analysis, the Electric Scooter and Motorcycle Market has been divided into different segments, providing shareholders with the opportunity to identify their areas of interest and the most profitable opportunities within the market. By incorporating technical trends, comprehensive analysis of the downstream & upstream value chain, as well as Porter's five forces analysis, we have diligently forecasted the industry landscape for specific regions/countries, presenting critical pointers for informed decision-making. The segments are as follows:
-By Vehicle Type
-Scooters
-Motorcycles
-By Battery Type
-Sealed Lead Acid
-Lithium-Ion
-By Distance Covered
-Below 75 Miles
-75-100 Miles
-Above 100 Miles
-By Technology
-Plug-In
-Battery
-By Usage
-Commercial
-Private
-By Voltage
-36V
-48V
-60V
-72V
-Above 72V
-By Region
-North America
-South America
-Europe
-Middle East & Africa
-Asia Pacific
Each sections offer valuable insights into the Electric Scooter and Motorcycle Market. The report includes essential pillars of the industry study, such as drivers, restraints, opportunities, and challenges. The report also provides information on industry overview, specifications, definitions, suppliers, R&D status, cost structure analysis, sources, and technological advancements, potential for improvement, applications, among others.
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Competitive Analysis of the Global Electric Scooter and Motorcycle Industry
-Alta Motors
-Aima Technology Group Co., Ltd.
-Ampere by Greaves Electric Mobility
-Ather Energy
-Bajaj Auto Ltd.
-BMW Motorrad International
-Energica Motor Company
-Essence Motorcycles
-Gogoro
-Harley-Davidson
-Hero Electric
-LITO Motorcycles
-Niu Technologies
-Ola Electric Mobility
-Tacita SRL
-Vmoto Limited
-Wuyang-Honda Motorcycle (Guangzhou) Co., Ltd.
-Yadea Technology Group Co. Ltd
-Zero Motorcycles Inc.
-Zongshen Electric Motorcycle
-Zhejiang Luyuan Electric Vehicle Co. Ltd.
-Others
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Global Electric Scooter and Motorcycle Market Research Report Answers the Following Key Questions
- How big is the Global Electric Scooter and Motorcycle Market?
- What is the projected growth rate or CAGR of the Global Electric Scooter and Motorcycle Market during 2022-27?
- What are the key trends or growth opportunities for the key players in the Global Electric Scooter and Motorcycle Market?
- Which ‘segment’ seems promising for companies operating in the Global Electric Scooter and Motorcycle Market?
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