Press release
Rapid Urbanizationto Aid in Asia-Pacific (APAC) Electric Scooters and Motorcycles Market Growth
Witnessing a 7.6% CAGR in the forecast period (2018-2025), the Asia-Pacific (APAC) electric scooters and motorcycles market is predicted to reach the production capacity of 31.2 million units by 2025, growing significantly from 17.3 million units in 2017. The drivers of the market growth are increasing awareness about the environment and rapid urbanization. Both the scooters and motorcycles are two-wheeler vehicles, which are designed to carry two riders, including the driver. The electric ones can be charged from traditional wall outlets and often are equipped with a removable battery.Get the sample copy of the report: https://www.psmarketresearch.com/market-analysis/apac-electric-scooters-and-motorcycles-market/report-sample
Based on battery type, the APAC electric scooters and motorcycles market is divided into lithium-ion(Li-ion) and sealedlead-acid (SLA). Between the two, in 2017, the higher sales volume of more than 80.0% was recorded by SLA batteries. These are the oldest type of rechargeable batteries and have extremely low energy-to-volume and energy-to-weight ratios. These batteries have a high-surge current, which make them suitable for automobile starter motors. In the forecast period, due to their longer expected life and low weight, Li-on batteries are predicted to witness faster growth.
The rapid urbanization in the region is expected to drive the demand in the Asia-Pacific (APAC) electric scooters and motorcycles market. Emerging economies, such as India and China, are witnessing a rising demand for two-wheelers, as the transport system in major cities is inefficient in handling the passenger load. A United Nations report mentioned that during the 2014-2050 period, about 292 million and 404 million urban dwellers would be added in China and India, respectively. The travelers in urban cities require vehicles mostly for intra-city travel, for which electric scooters and motorcycles are most suited.
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Competitive Landscape
Some of the key players in the APAC electric scooters and motorcycles market are Yadea Group Holdings Ltd., AIMA Technology Group Co. Ltd., Zhejiang Luyuan Electric Vehicle Co. Ltd., Jiangsu Xinri E-Vehicle Co. Ltd., Dongguan Tailing Electric Vehicle Co. Ltd., and VMOTO Limited.
APAC Electric Scooters and Motorcycles Market Segmentation
By Product
Scooter
Motorcycle
By Battery Type
Sealed Lead Acid (SLA)
Lithium-ion (Li-ion)
By Voltage
36V
48V
60V
72V
By Technology
Plug-in
Battery
Contact:
P&S Intelligence
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Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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