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What’s driving the electric motorcycles & scooters market growth? |American Honda Motor, KTM, Suzuki Motor of America, BMW of North America, Energica Motor Company, Harley-Davidson Motor, Terra Motors, Yamaha Motor, Zero Motorcycle

06-18-2019 01:32 PM CET | Logistics & Transport

Press release from: Global Market Insights Inc.

What’s driving the electric motorcycles & scooters market

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.

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.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/218

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

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.

Make an inquiry for buying this report @ https://www.gminsights.com/inquiry-before-buying/218

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.

Major Table of Content:-
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

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.

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

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com

About Global Market Insights

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.

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