Press release
Electric Motorcycles & Scooters Market 2024 Worldwide Industry | BMW of North America, Energica Motor Company, Harley-Davidson Motor, American Honda Motor, KTM, Suzuki Motor of America, Terra Motors, Yamaha Motor, Zero Motorcycle
Electric Motorcycles & Scooters Market 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.
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.
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Top Key Players:-
The key players of global Electric Motorcycles & Scooters Market are Qingdao AUCMA, Feishen, Electric Vehicle Manufacturing Co., Shanghai Lima, Sunra, AIMA Hi-tech, Zhejiang Ripu Electronic Science and Technology.
Regional Segmentations:-
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.
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Major Points of Table Of Content:-
Chapter 1. Methodology and Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Definition and forecast parameters
1.2. Data Sources
1.2.1. Secondary
1.2.2. Primary
Chapter 2. Executive Summary
2.1. Electric motorcycles & scooters industry 3600 synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Battery trends
2.1.4. Voltage trends
2.1.5. Regional trends
Chapter 3. Electric Motorcycles & Scooters Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Distribution channel analysis
3.4. Technology & innovation landscape
3.5. Pricing trends
3.5.1. North America
3.5.2. Europe
3.5.3. Asia Pacific
3.5.4. Latin America
3.5.5. MEA
3.6. Regulatory landscape
3.6.1. U.S.
3.6.2. Europe
3.6.3. China
3.7. Electric vehicle sales
3.7.1. U.S
3.7.2. Germany
3.7.3. UK
3.7.4. France
3.7.5. China
3.7.6. India
3.8. E-motor industry outlook
3.8.1. E-motor production statistics (2013 – 2017)
3.8.2. Motorcycle spare parts industry outlook
3.9. Industry impact forces
3.9.1. Growth drivers
3.9.1.1. North America
3.9.1.2. Europe
3.9.1.3. Asia Pacific
3.9.1.4. Latin America
3.9.1.5. MEA
3.9.2. Industry pitfalls & challenges
3.9.2.1. High costs associated with battery and vehicle
3.9.2.2. Lack of charging availability & poor performance
3.10. Growth potential analysis
3.11. Porter's analysis
3.12. Company market share analysis, 2017
3.12.1. Top players analysis
3.12.2. Strategy dashboard
3.13. PESTEL analysis
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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.
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