Press release
Increasing Road Congestion Driving European Electric Scooters and Motorcycles Market | Top Market Players are GOVECS AG, Gogoro Inc., TORROT ELECTRIC EUROPA S.A., Kwang Yang Motor Co. Ltd., unu GmbH, BMW AG, Niu Technologies, Askoll EVA SpA, Zero Motorcyc
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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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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.
Some of the major players of the European electric scooters and motorcycles market are GOVECS AG, Gogoro Inc., TORROT ELECTRIC EUROPA S.A., Kwang Yang Motor Co. Ltd., unu GmbH, BMW AG, Niu Technologies, Askoll EVA SpA, Zero Motorcycles Inc., Lightning Motors Corp., Alta Motors, Scutum Logistic S.L., emco electroroller GmbH, ETRIX AG, and Piaggio & C. SpA.
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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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