Market Insights and Analysis: Global Electric Scooter and Motorcycle Market Overview and Projections (2022-2027)
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.
Top leading companies in the Global Electric Scooter and Motorcycle Market includes:
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.
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.
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Report Segmentation:
The market is categorized into the following segments in the report:
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.
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Global Electric Scooter and Motorcycle Market Geographic Reach:
The Geographic Reach of the Global Electric Scooter and Motorcycle Market evaluates the spread and significance of Global Electric Scooter and Motorcycle market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
- North America: The US, Canada, Others
- South America: Brazil, Rest of South America
- Europe: Germany, The UK, France, Italy, Spain, Rest of Europe
- Asia-Pacific: China, Japan, India, South Korea, Rest of Asia Pacific
- Middle East & Africa: GCC, South Africa, Rest of Middle East and Africa.
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