openPR Logo
Press release

Electric Motorcycles & Scooters Market will exhibit 5% CAGR from 2018 to 2024

Electric Motorcycles & Scooters Market will exhibit 5% CAGR from

Electric Motorcycles & Scooters Market size is anticipated to exceed USD 22 billion over the forecast timeframe. Shifting trends towards usage of e-vehicles owing to environmental benefits will drive the electric motorcycles & scooters market size. Increasing consumer awareness towards e-mobility assisting in reducing carbon emissions over the conventional vehicles will improve the product penetration.

Low maintenance compared to vehicles equipped with internal combustion engines (IC) in conjunction with smooth operation of these two-wheelers has resulted in increased popularity. Electric motorcycles & scooters market players are focusing on improving the aesthetics and offering sturdy structure to the vehicle. These are vibration free owing to less moving parts in these vehicles resulting in reduced maintenance and servicing.

Proliferating population particularly in the emerging countries have resulted in traffic congestion and increased pollution. Usage of these vehicles in reduce the traffic congestion problem and assist in offering clean air. Stringent regulations across the globe towards reducing the air pollution will induce positive impact on the electric motorcycles & scooters market growth.

Request For Sample Of This Research Report @ https://www.gminsights.com/request-sample/detail/218

Governments are offering tax benefits to encourage the adoption of eco-friendly vehicles. In addition, low cost compared to conventional two-wheelers will further fuel the electric motorcycles & scooters business growth. Industry participants are focusing on reducing the battery cost used in these vehicles. The price trends of these vehicles vary according to the power output. Industry players are improving the distance covered by these vehicles in single charge.

Less driving range of these vehicles along with low power output may hamper the industry growth. In addition, less presence of charging stations is the major challenge faced for the product penetration. Government are offering infrastructure development to increase the number of charging stations and reducing the time required to charge the battery.

E-motorcycles are estimated to witness strong growth over 10% from 2018 to 2024 owing to new product offerings and reduced price of the product. Industry players are focusing on competing the e-motorcycles with gasoline powered vehicles with improved speed and superior power output. Electric scooters dominate the industry share owing to less priced compared to electric motorcycles.

SLA battery dominates the electric motorcycles & scooters industry share accounting over 85% share in 2017. Low cost, ease in compatibility, and robust structure are among the key factors for segment dominance. However, these are estimated to lose its market share with introduction of lithium-ion and NiMH batteries offering reduced charging time and superior efficiency of the product.

48V batteries accounted over 35% of the electric motorcycles & scooters market share in 2017. The higher volume share can be credited to superior compatibility of these products with the e-vehicles along with desirable power output of these batteries. Adoption of 60V & 70V batteries will witness surge over the forecast timeframe. Consistent development in these batteries with reduced weight and higher power range will fuel the segment growth.

Asia Pacific dominates the electric motorcycles & scooters market volume share owing to strong demand of the product from China, Indonesia, India & Japan. Proliferating population, less price of the product, low maintenance cost and no requirement of license are the key factors for volume dominance in the region.

North America electric motorcycles & scooters market will witness growth over 16% from 2018 to 2024. The growth can be attributed to new product offering in the region. In May 2015, the European Union initiated project European Green Vehicle related to e-vehicles focusing on improving the public private partnership, reducing economic challenges and reducing carbon emissions.

Some of the key participants include Alta Motors, Hero Eco, BMW, KTM, Terra Motors Corp., Zero Motorcycle and AIMA Hi-tech. Improving the battery and motor performance, enhancing the speed range and power output are the key focus area of the industry participants. Strong value chain development and increasing the product visibility will improve electric motorcycles & scooters sales.

Browse key industry insights spread across 250 pages with 623 market data tables & 10 figures & charts from the report, “Electric Motorcycles & Scooters Market Size By Product (Motorcycles, Scooters), By Battery (SLA, Li-ion, NiMH), By Voltage (24V, 36V, 48V) Industry Analysis Report, Regional Outlook (U.S., Canada, Austria, Belgium, Czech Republic, France, Germany, Italy, Netherlands, Poland, Slovenia, Spain, UK, China, Japan India, South Korea, Indonesia, Taiwan, Vietnam, Thailand, Malaysia Brazil, Mexico, Argentina, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024)” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/electric-motorcycles-and-scooters-market

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. Market estimates and forecast, 2013-2024

4.2.2. Market estimates and forecast, by region, 2013-2024

4.3. Scooter

4.3.1. Market estimates and forecast, 2013-2024

4.3.2. Market estimates and forecast, 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. Market estimates and forecast, 2013-2024

5.2.2. Market estimates and forecast, by region, 2013-2024

5.3. Li-ion

5.3.1. Market estimates and forecast, 2013-2024

5.3.2. Market estimates and forecast, by region, 2013-2024

5.4. Ni-MH

5.4.1. Market estimates and forecast, 2013-2024

5.4.2. Market estimates and forecast, by region, 2013-2024

Chapter 6. Electric Motorcycles & Scooters Market, By Voltage

6.1. Global electric motorcycles & scooters market share by voltage, 2015 & 2024

6.2. 24V

6.2.1. Market estimates and forecast, 2013-2024

6.2.2. Market estimates and forecast, by region, 2013-2024

6.3. 36V

6.3.1. Market estimates and forecast, 2013-2024

6.3.2. Market estimates and forecast, by region, 2013-2024

6.4. 48V

6.4.1. Market estimates and forecast, 2013-2024

6.4.2. Market estimates and forecast, by region, 2013-2024

6.5. Others (12V, 60V, 72V)

6.5.1. Market estimates and forecast, 2013-2024

6.5.2. Market estimates and forecast, 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.

4 North Main Street
Selbyville, Delaware 19975 USA

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Electric Motorcycles & Scooters Market will exhibit 5% CAGR from 2018 to 2024 here

News-ID: 1086566 • Views: 192

More Releases from Global Market Insights, Inc.

Global sodium metasilicate pentahydrate market size by 2025 | Top Companies are …
Global Market Insights, Inc., says that sodium metasilicate pentahydrate market may exceed USD 875 million by 2025. Sodium metasilicate pentahydrate market is expected to accrue momentous proceeds from the cement industry. The product is used as a connecting agent in the making of refractory cement & can enable properties such as chemical and heat resistance and hardness. It has also found application in the cosmetic, textile, ceramics, chemical production, and
Vinyl ester market Growth in Europe, Impact Covid19 and Top key players like Swa …
Vinyl ester market to be fueled by increasing deployment of wind energy facilities, Europe to emerge as a pivotal revenue pocket. In 2017, Europe marked a growth of 25% in the wind power plant capacity annual installation as compared to 2016. Whereas wind energy was the second-largest source of power generation power in the year 2016 in Europe. Nations worldwide are actively aligning their focus toward the deployment of wind
Biaxially Oriented Polypropylene (BOPP) Market Size, Share by key players like B …
Biaxially oriented polypropylene (BOPP) market size to reach USD 20 billion by 2024. Growing focus on superior packaging for the protection of delicate good, foods, medicines, and others will favor BOPP business growth in the coming years. Rapid proliferation of e-commerce platforms along with changing consumer spending trends will drive biaxially oriented polypropylene (BOPP) market outlook. In a world of constantly-changing lifestyles, consumers expect products to be shatter-proof, lightweight, aesthetically appealing,
Titanium Dioxide Market to see 7%+ CAGR over 2021-2026 | Key Players are Tronox …
Titanium Dioxide Market growth will be driven by rising expansion activities in the paints & coatings sector and proliferating application in paper & pulp industry. For years, titanium dioxide (TiO₂) has been used in the manufacturing of numerous consumer products across various industries. The product finds applications in paints, adhesives, coatings, paper, rubber, printing inks, textiles, coated fabrics, ceramics, roofing materials, floor coverings, and cosmetics. Surging in product demand across

All 5 Releases


More Releases for Motorcycle

Adventure Motorcycle Tours in India
The Adventure Motorcycle Tours in India: "India" one of the oldest civilisation in the world. India has a rich culture with diversity. India is one of the most popular destinations in the world for Tourism. India has everything, starting from Mighty Himalayas up north to mesmerising beaches in down south, Lush green forest, ancient ruins, rich Hindu Culture and last but not the least "Royal Enfield's". If anyone wants to explore
Basic Notions about Motorcycle Luggage
Before going for the motorcycle trip, you have to know how to choose very well what accessories we will add to the motorcycle to maintain the weight balance. But it is also important to know what to buy and whatnot. All in order If your goal is to go on a long trip with your motorcycle, the first thing to consider is how you are going to distribute the weight. As for
Motorcycle Crash Statistics in Indiana
The freedom and exhilaration of motorcycle riding down an open highway helps to explain why the pastime is so popular. Yet the excitement and high spirits are balanced by risk of injury, and sometimes worse. Atop a motorcycle, a rider is exposed in ways automobile drivers are not. A direct hit by another vehicle can render the possibility of being thrown from the bike, leading to greater harm. Furthermore, a
Motorcycle Accessories Market Key Growth Drivers 2026
Improved economic outlook across the globe resulted into substantial increase in purchasing power of consumers over the past few years. Consequently, several industry verticals reported an increase in overall demand for respective products, and automotive industry is no different. However, different trends in sales reported across sub-segments within the automotive sector, but motorcycle sales has always remained impressive, particularly in high potential markets. Request to Sample of Report @ https://www.persistencemarketresearch.com/samples/11398
Global Motorcycle Accessories Market
Motorcycle Accessories Market: Drivers and Restraints Perpetual growth in motor cycle sales coupled with new variants of motor cycle introduced by manufacturers catalyzed the growth of motorcycle accessories market, which grew at a CAGR of over 4% in past five years. Expansion of European and American motorcycle manufacturers in emerging markets also contributed to the demand for motorcycle accessories. Technology advancement led to wider adoption of accessories across target customer base. A
Motorcycle e-Call Market 2017
Market Research Analysts forecast global motorcycle ecall market to grow at a CAGR of 211.85% during the period 2017-2021. According to the report, one driver in market is growing electrification of mechanical components, increasing use of electronic components in motorcycles. The global demand for high-powered motorcycles is on the rise. The development of one component brings forth other components that increase the efficiency and riding experience of the rider. This demand