Press release
Electric Scooter and Motorcycle Market by Product, Battery Type, Voltage, Technology, Geography, Development, Growth and Demand Forecast, 2013-2025
The market is predominantly driven by tax concession on eco-friendly vehicles, growing concern for increasing carbon emissions, low maintenance cost of electric two-wheelers, and favorable regulatory environment. Globally, the increasing greenhouse gas (GHG) emissions have been a great concern for environmentalists and governments. This concern has led to an increase in the overall growth of electric two-wheeler sales and its adoption worldwide, thus acting as a prime driver for the growth of the market.
Browse report overview with 136 tables and 55 figures spread through 169 pages and detailed TOC on "Electric Scooter and Motorcycle Market by Product (Scooter, Motorcycle), by Battery Type (SLA, Li-Ion), by Voltage (36 V, 48 V, 60 V), by Technology (Plug-in, Battery), by Geography (U.S., Canada, Germany, Netherlands, Belgium, France, Italy, U.K., Spain, Austria, Sweden, Denmark, China, Japan, India, South Korea, Indonesia, Malaysia, Singapore, Philippines, Thailand, Brazil, Mexico, Chile, Columbia, Saudi Arabia, U.A.E., Qatar, South Africa) – Global Market Size, Share, Development, Growth, and Demand Forecast, 2013–2025" at:https://www.psmarketresearch.com/market-analysis/electric-scooter-and-motorcycle-market
Insights into market segments
On the basis of product, the electric scooter and motorcycle market has been categorized into scooter and motorcycle. In terms of value, electric scooter held larger market share, accounting for more than 95% share in 2017 and is poised to continue dominating the market in the coming years as well. The dominance is backed by high demand for electric scooters and mopeds in Asia-Pacific (APAC) region, specially from female drivers. However, the market for electric motorcycle is expected to grow faster during the forecast period.
Based on battery, the electric scooter and motorcycle market has been categorized into sealed lead acid (SLA) and lithium-ion (Li-ion). Electric scooters equipped with SLA batteries have dominated the market due to their lower price as compared to scooters with Li-ion batteries. However, over the past few years, the global price of Li-ion batteries has witnessed a significant decline. The Li-ion batteries have higher density than SLA batteries, allowing them to be lighter and more efficient for the same energy storage capacity.
Globally, APAC led the electric scooter and motorcycle market during the historical period and the region is expected to continue leading the market in the coming years as well. The growth of the market in APAC is due to rapid urbanization and increase in household incomes, which are attracting consumers to replace their fuel-driven two-wheelers with the electric variant. China, Japan, and India are the major electric two-wheeler markets in APAC. The government subsidies are the major factor for the consumers to buy electric two-wheelers in the developing economies of APAC region, such as China and India.
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Solar powered and automated charging stations create a huge opportunity for the growth of the electric scooter and motorcycle market. In a move toward 100% renewable powered society, aggressive actions are being taken up by governments across the world to eliminate the use of fossil fuels from transportation and logistics sector. With little efforts made toward the development and installation of solar powered stations as compared to their other new energy counterparts, the Envision Solar’s patented EV ARC leads the market, being the world’s only solar powered electric vehicle (EV) charging system.
Market Segmentation by Product
Scooter
Motorcycle
Market Segmentation by Battery Type
Sealed lead acid (SLA)
Lithium-ion (Li-ion)
Market Segmentation by Voltage
36 V
48 V
60 V
Others (Primarily includes 24 V and 72 V)
Market Segmentation by Technology
Plug-in
Battery
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The other players in the electric scooter and motorcycle market include GOVECS Group, Ampere Vehicles Pvt. Ltd., Vmoto Limited, Hero Electric Vehicles Pvt. Ltd., Energica Motor Company S.p.A., and BMW.
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