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Electric Motorcycles & Scooters Market Report: Trends, Forecast and Competitive Analysis 2017-2024
Electric Motorcycles and Scooters Market will observe a steady growth with over 10% CAGR and is expected to surpass USD 50 billion by 2024 shipments will exceed 60 million units. Increasing concern over environmental issues such as climate change, global warming and rising pollution will support the growth. Furthermore, favorable regulatory conditions for environmental conservation, pollution and emission control will boost the demand for electric motorcycles and scooters market share in the forecast timeframe. Stringent regulatory standards pertaining to greenhouse gas emissions, carbon reduction, crude oil use will support the industry growth.
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The electric scooters and motorcycles market can be segmented on the basis of product, battery and region. Manufacturers are aiming for customers with different performance power requirements. The segment is projected to witness significant growth in the forecast time period. The electric motorcycles market is expected to hold dominance in terms of sales as compared to scooters.
On the basis of battery used, the industry can be segmented into lithium ion, NiMH and SLA. The Li-ion electric scooters and motorcycles market share is projected to grow at the highest CAGR in the coming years. These batteries are lighter in terms of weight and are 100% efficient in both charging and discharging.
The APAC region led by China holds the dominant electric motorcycles and scooters market share. This is attributed to rising pollution levels and changing customer needs in the region. North America has received substantial regulatory push for product adoption along with R&D investments and infrastructure development. For instance, in 2014, eight U.S. states adopted an action plan to deploy over 3.3 million zero emission vehicles by 2025 such regulatory initiatives will boost the industry growth as well as sales of EVs in the region.
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The key players competing in the electric motorcycles and scooters market include AIMA Hi-tech, Shanghai Lima Electric Vehicle Manufacturing Co., Feishen, Qingdao AUCMA, Sunra, Zhejian Ripu Electronic Science and Technology, etc. Growing awareness and popularity of the products has also led to development of hybrid technologies for instance, Harley Davidson, LiveWire and Yamaha have launched e-bikes.
The major competitive strategies adopted by players involve new product development accompanied by heavy focus on research and development in order to improve vehicle performance and battery life.
Chapter 4. Electric Motorcycles & Scooters Market, By Product
4.1. Global electric motorcycles & scooters market share by product, 2015 & 2024
4.2. Motorcycle
4.2.1. Electric motorcycle market, by region, 2013-2024
4.3. Scooter
4.3.1. Electric scooter market, by region, 2013-2024
Chapter 5. Electric Motorcycles & Scooters Market, By Battery
5.1. Global electric motorcycles & scooters market share by battery, 2015 & 2024
5.2. SLA
5.2.1. SLA battery market, by region, 2013-2024
5.3. Li-ion
5.3.1. Li-ion battery market, by region, 2013-2024
5.4. Ni-MH
5.4.1. Ni-MH battery market, by region, 2013-2024
Browse Full TOC @ https://www.gminsights.com/toc/detail/electric-motorcycles-and-scooters-market
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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