Press release
What’s driving the electric motorcycles & scooters market trends? |American Honda Motor, KTM, Suzuki Motor of America, BMW of North America, Energica Motor Company, Harley-Davidson Motor, Terra Motors, Yamaha Motor, Zero Motorcycle
Automotive Glazing Market
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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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.
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.
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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.
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 includes in electric motorcycles & scooters market are 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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