Europe Electric Scooters and Motorcycles Market Size, Share, Development, Growth, and Demand Forecast to 2025

In 2018, the European electric scooters and motorcycles market reached a value of $167.2 million and is projected to advance at a 26.2% CAGR during the forecast period (2019-2025). The market is growing due to the increasing concerns over greenhouse gas emissions, deployment of electric scooters for sharing services, implementation of stringent regulations regarding vehicular emissions, and traffic woes in primary European cities. Among low-powered motorcycle, scooter, and high-powered motorcycle, scooters are projected to account for the major share of the market during the forecast period, in terms of value and volume.

On the basis of cooling system, the European electric scooters and motorcycles market is categorized into forced air convection, natural convection, and liquid. Out of these, the natural convection category dominated the market during the historical period (2016-2018), and is further predicted to hold the largest share of the market during the forecast period, both in terms of value and volume. The liquid category is expected to grow at the fastest pace during the forecast period.

When geography is taken into consideration, France accounted for the major share of the European electric scooters and motorcycles market during the historical period; however, Spain is predicted to dominate the market during the forecast period, in terms of value. This is because of the increasing popularity of scooter sharing business in the country. In addition to this, the Spanish government is taking several initiatives on national as well as local levels for encouraging the adoption of electric vehicles.

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One the primary factors leading to the growth of the European electric scooters and motorcycles market is the deployment of electric scooters for sharing services. The daily commute is made easier with the emergence of scooter and motorcycle sharing services, especially for people who do not own any vehicles. The users can easily travel to their destinations without bearing any secondary charges of owning a vehicle, such as parking, maintenance, and insurance claims. Customers simply need to pay for their services on the basis of distance and time, along with an initial registration cost.

Another major factor driving the growth of the European electric scooters and motorcycles market is the surging traffic in major European cities. The increasing population in European cities has resulted in rising number of daily commuters, leading to road congestion, especially during peak hours. As per the industry experts, drivers spent around 130 hours in traffic in 2018 in Madrid, Spain. As scooters and motorcycles take up less area on roads and require smaller parking area, their adoption is growing in order to deal with problem of road congestion in the European countries.

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The European electric scooters and motorcycles market is also witnessing significant growth due to the surging concerns over greenhouse gas emissions which is compelling the government to take different initiatives. The rapid environment degradation because of greenhouse gas emissions is the primary concern for governments around the world, which is why they are taking various initiatives in order to deal with this issue. The governments of European countries have incentivized the purchase of electric scooters and motorcycles for promoting the adoption of vehicles that are environment-friendly.

Thus, the market is growing due to the increasing traffic in the major European countries, rising concerns regarding greenhouse gas emissions, and deployment of electric scooters for sharing services.

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