Press release
Global Electric Motorcycles & Scooters Market By Battery (SLA, Li-ion, NiMH) with companies – (Zero Motorcycle, Yamaha Motor, Terra Motors, Suzuki Motor of America, KTM, Honda Motor Europe, Harley-Davidson Motor, BMW ) 2018-2024
Electric Motorcycles & Scooters Market
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48V battery dominates the electric motorcycles & scooters market, accounting for over 35% volume share in 2017. Superior power output along with ease in compatibility of these batteries with e-vehicles will drive the segment growth. Vehicles equipped with 60V & 70V will witness strong growth over the forecast timeframe owing to constant R&D in enhancing the speed of the vehicle.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. AIMA
2. Alta Motors
3. Amego Electric
4. Amper Vehicles
5. BMW
6. Energica Motor Company S.p.A
7. Govecs Group
8. Harley Davidson
9. Hero Eco
10. Honda Motors
11. KTM
12. Mahindra GenZe
13. Lightning Motorcycles
14. Shandong Incalcu Electric Vehicle Co. Ltd
15. Sunra
16. Suzuki Motors Corporation
17. Tailing Electric Vehicle Co. Ltd.
18. Terra Motors Corp
19. Victory Motorcycles
20. Vmoto Limited
21. Yamaha Motors
22. Z Electric Vehicle
23. Zero Motorcycle
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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.
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.
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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.
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