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Electric Scooter and Motorcycle market size is estimated to be worth US$ 7885 million in 2022 and is forecast to a readjusted size of US$ 12170 million by 2028 with a CAGR of 7.5% - Valuates Reports

09-26-2022 08:14 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Valuates Reports

Electric Scooter and Motorcycle market size is estimated to be

Electric Scooter and Motorcycle market size is estimated to be worth US$ 7885 million in 2022 and is forecast to a readjusted size of US$ 12170 million by 2028 with a CAGR of 7.5% during the review period. Key drivers of the electric scooter and motorcycle market include the rising shift towards sustainable modes of transportation for curbing greenhouse gas emissions.

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The growing government support and superior design, and performance with cheaper maintenance costs in comparison to internal combustion engine vehicles will fuel the growth of the electric scooter and motorcycle market. The technological innovations in battery and motor components will surge the market ahead during the forecast period. However, the lack of proper charging infrastructure will restrict the growth of the market in the coming years.

What is the Electric Scooter and Motorcycle Market?

Electric two-wheelers, as indicates itself, is electricity-powered two-wheelers. A battery pack and a motor are installed to store and transform the electricity. User control is usually attached to the handlebar to brake and adjust the speed. Under this abstract definition, a variety of types and styles are available to consumers in the market and still developing.

Electric Scooter and Motorcycle can be classified as a combination of electric bicycle, electric scooter, electric motorcycle, and so on. The power-assisted electric scooter with pedals is also called electric bicycle in China. Hence, in this report, the statistics mainly focus on the following several kinds including E-motorcycles, E-bicycles, and E-scooters etc.

Electric Scooter and Motorcycle Market by Type
➣Electric Motorcycle
➣Electric Scooter
Electric Scooter type occupies the largest market share and segments reach 98.36%

Electric Scooter and Motorcycle Market by Application
➣E-Commerce
➣Retail Store

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