Press release
Electric Scooter and Motorcycle Market: Global Size, Share, Trends, Development, Growth Analysis and Demand Forecast To 2025
Global electric scooter and motorcycle market size was $12,961.8 million in 2016, and is expected to reach $22,192.0 million by 2025, growing at a CAGR of 6.9% during 2017-2025. Electric two-wheelers can maneuver through congested streets; can be charged from traditional wall outlets and often have a removable battery, allowing them to be charged indoors. The demand for electric vehicles is increasing due to rapid transformations taking place in the energy efficient and green automotive industry, and its positive impact on several alarming environmental, energy and traffic congestion issues observed in the recent past.Explore The Report Description At: https://www.psmarketresearch.com/market-analysis/electric-scooter-and-motorcycle-market
Geographically, Asia-Pacific accounted for more than 90% of the global electric scooter and motorcycle shipments in 2016. The highest growth in shipment is expected in Europe, during the forecast period; however, the market in North America is also expected to grow at nearly the same rate. China, India, Indonesia, Japan and S. Korea are the major electric two-wheeler markets in Asia-Pacific; other major markets in the region include Australia, and Vietnam.
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All of the five major players -Yadea Technology Group Co. Ltd., Zhejiang Luyuan Electric Vehicle Co. Ltd., Aima Technology Co. Ltd., Sunra Group, and Dongguan Tailing Electric Vehicle Co. Ltd., are based in China. The other players having good regional presence include Govecs Group, Amper Vehicles, Vmoto Limited, Hero Electric, Energica Motor Company S.p.A., BMW, and Mahindra GeneZe.
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