Electric Motorcycles & Scooters Market Top Key Player Analysis - lta Motors, Hero Eco, BMW, KTM, Terra Motors Corp., Zero Motorcycle, AIMA Hi-tech & More
MarketStudyReport.com Adds New Electric Motorcycles & Scooters Market 2018- 2024 research report providing information and By Product, By Voltage, By Battery, Industry Analysis, Regional Outlook, Growth Potential, Trends, Competitive Market Share & Forecast spreading across 250 Pages with table and figures in it.
Global electric motorcycles & scooters market 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. Increasing consumer awareness towards e-mobility assisting in reducing carbon emissions over the conventional vehicles will improve the product penetration.
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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.
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.
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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.
Table of Content:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Electric Motorcycles & Scooters Industry Insights
Chapter 4. Electric Motorcycles & Scooters Market, By Product
Chapter 5. Electric Motorcycles & Scooters Market, By Battery
Chapter 6. Electric Motorcycles & Scooters Market, By Voltage
Chapter 7. Electric Motorcycles & Scooters Market, By Region
Chapter 8. Company Profiles
More Details on this Report At: https://bit.ly/2wQkHWm
Outer Scope of this report: In this new era of renewable energy utilization, with increasing acceptance for sustainable energy solutions, electric motorcycles and scooters market has been experiencing remarkable growth. For instance, in most of the highly populated cities, several ride-hailing service providers have been launching their electric motorcycles and scooters that could become beneficial for passengers to travel around the city without any traffic congestion. In addition to the surging acceptance of e-scooters and motorcycles, the vehicle manufacturers have changed their focus toward the enhancement of vehicle as well as passengers’ safety by investing in research and development activities. The launch of high performance e-vehicles will further propel the product demand over the years ahead.
Related Reports: -
North America Electric Motorcycles & Scooters Market by Manufacturers, Countries, Type and Application, Forecast to 2023
This report focuses on the Electric Motorcycles & Scooters in North America market, especially in United States, Canada and Mexico. This report categorizes the market based on manufacturers, countries, type and application.
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