Press release
Electric Scooter and Motorcycle Market Growing at a CAGR of 17.20% from 2023-2030 | by Vehicle Type, Battery, Distance Covered, Voltage, Technology, Geography
Electric Scooter and Motorcycle Market, by Vehicle Type (E-Scooter/Moped, E-Motorcycle and 3W), Battery Type (Sealed Lead Acid, Lithium-Ion), by Distance Covered (Below 75 Miles, 75â€"100 Miles, Above 100 Miles), by Voltage Type (36V, 48V, 60V, 72V), Technology Type (Plug-In and Battery), By Vehicle Class (Economy Class, Luxurious/Premium Class), Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America). The global Electric scooters and motorcycles market by value was 24.75 billion USD in 2022. It is projected to reach 88.11 billion USD by 2030 with a CAGR of 17.20% in the forecast period of 2023-2030.Get a FREE Sample Copy of this Report with Graphs and Charts at: https://www.delvens.com/get-free-sample/electric-scooter-and-motorcycle-market-trends-forecast-till-2028
Key market players in the global Electric scooters and motorcycles market are Hero Electric (India) , Vmoto Limited (Australia), The Electrotherm, Group, Inc. (India), Jiangsu Xinri E-Vehicle Co., Ltd. (China), Energica, Motor Company (Italy), Piaggio & C. SpA (Italy), Niu International. (US), Mahindra & Mahindra Ltd (India), H-D, AIMA TECHNOLOGY CO., LTD (China), Avan Motors India (India), Cezeta (Prague), Dongguan Tailing Electric Vehicle Co., Ltd (China), GOVECS AG (Germany), Gogoro Inc. (Taiwan), Johammer e-mobility GmbH (Austria), Zhejiang Luyuan Electric Vehicle Co.,Ltd. (China), Zero Motorcycles, Inc. (US), Okinawa Autotech Pvt. Ltd (India), Shandong Incalcu Electric Vehicle Co., Ltd (China), and Emflux Motors (India).
Some of the recent developments in the market are:
In order to increase its production capacity to 4 million electric two-wheelers annually by 2026, Hero Electric Ltd. announced in November 2022 that it will invest INR 2600 crore (USD 312 million), including the establishment of a manufacturing plant in the Indian state of Rajasthan.
Okinawa Autotech debuted its brand-new R30 electric scooter in August 2020. With a 25 km/h speed limit, the scooter travels at low speeds.
Electric scooters and motorcycles are vehicles that run on electric motors instead of traditional internal combustion engines.
Here is a brief description of each:
Electric scooter: An electric scooter is a two-wheeled vehicle that is powered by an electric motor. They are designed for short trips and are popular in urban areas. Electric scooters are often used for commuting or running errands and are an environmentally friendly alternative to gas-powered scooters.
Electric motorcycle: An electric motorcycle is a two-wheeled vehicle that is powered by an electric motor. Electric motorcycles are designed for longer trips and higher speeds than electric scooters. They can be used for commuting, touring, or recreational riding. Like electric scooters, electric motorcycles are an environmentally friendly alternative to gas-powered motorcycles.
Both electric scooters and motorcycles have become increasingly popular in recent years as people look for more environmentally friendly transportation options. They offer several benefits over traditional gas-powered vehicles, including lower operating costs, reduced emissions, and quieter operation.
There are several drivers for the electric scooter and motorcycle market:
Environmental concerns: As people become more aware of the impact of climate change, they are looking for greener transportation options. Electric scooters and motorcycles offer a more environmentally friendly alternative to gas-powered vehicles.
Rising fuel prices: With fuel prices on the rise, electric scooters, and motorcycles offer a cost-effective alternative. They have lower operating costs than gas-powered vehicles and can help people save money on fuel.
Urbanization: With more people living in urban areas, electric scooters, and motorcycles are becoming popular transportation options. They are easier to maneuver in congested cities and can help people avoid traffic jams and long commutes.
Government incentives: Many governments are offering incentives for people to switch to electric vehicles, including electric scooters and motorcycles. These incentives can include tax credits, rebates, and other financial incentives.
Technological advancements: As technology improves, electric scooters and motorcycles are becoming more efficient, reliable, and affordable. Battery technology, in particular, is improving, which is increasing the range and performance of electric vehicles.
Make an Inquiry: https://www.delvens.com/Inquire-before-buying/electric-scooter-and-motorcycle-market-trends-forecast-till-2028
Major and Growing Geographies
Due to China's increasing production and uptake of electric scooters and motorcycles, the electric scooter industry analysis projects that Asia Pacific will dominate the global market for electric motorbikes and scooters in terms of volume. In nations like China, Japan, India, and Taiwan, the demand for electric motorbikes and scooters is anticipated to increase due to the implementation of strict rules to reduce carbon emissions and the availability of government subsidies to purchase electric vehicles.
Since Europe is predicted to be the second-largest market throughout the projected period, it offers a substantial opportunity for growth in the electric motorcycle and scooter industries. The development of electric scooters and motorcycles by European two-wheeler manufacturers in response to growing concerns about the carbon emissions produced by conventional ICE two-wheelers and the effectiveness of this mode of transportation has fueled the growth of the electric scooter and motorcycle market.
Market Segmentation
The electric scooter and motorcycle market can be segmented based on various factors.
Here are some common segments and their growth prospects:
Vehicle type: The market can be segmented by vehicle types, such as electric scooters and electric motorcycles. The electric scooter segment is expected to grow at a faster rate than the electric motorcycle segment due to its lower cost, smaller size, and ease of use.
Battery type: The market can be segmented by battery types, such as lead-acid, lithium-ion, and others. The lithium-ion battery segment is expected to grow at a faster rate than the lead-acid battery segment due to its higher energy density, longer lifespan, and faster charging times.
End-use application: The market can be segmented by end-use applications, such as personal use and commercial use. The commercial use segment is expected to grow at a faster rate due to the increasing use of electric scooters and motorcycles for last-mile deliveries, ride-sharing, and rental services.
Conclusion
The electric scooter and motorcycle market is growing rapidly due to several factors, including environmental concerns, rising fuel prices, and technological advancements. The market can be segmented based on vehicle type, battery type, end-use application, and region, with the Asia Pacific region expected to dominate due to the increasing demand for electric scooters and motorcycles in countries like China, India, and Vietnam. The market is expected to continue to grow in the coming years, driven by the increasing availability of charging infrastructure, improving battery technology, and government incentives for the adoption of electric vehicles. As people become more environmentally conscious and seek out more cost-effective transportation options, electric scooters and motorcycles are likely to become an increasingly popular choices.
Direct Purchase of Electric Scooter and Motorcycle Market Research Report at: https://www.delvens.com/checkout/electric-scooter-and-motorcycle-market-trends-forecast-till-2028
Contact Us:
UNIT NO. 2126, TOWER B,
21ST FLOOR ALPHATHUM
SECTOR 90 NOIDA 201305, IN
+44-20-8638-5055
SALES@DELVENS.COM
WEBSITE: https://delvens.com/
About Us:
Delvens is a strategic advisory and consulting company headquartered in New Delhi, India. The company holds expertise in providing syndicated research reports, customized research reports and consulting services. Delvens qualitative and quantitative data is highly utilized by each level from niche to major markets, serving more than 1K prominent companies by assuring to provide the information on country, regional and global business environment. We have a database for more than 45 industries in more than 115+ major countries globally.
Delvens database assists the clients by providing in-depth information in crucial business decisions. Delvens offers significant facts and figures across various industries namely Healthcare, IT & Telecom, Chemicals & Materials, Semiconductor & Electronics, Energy, Pharmaceutical, Consumer Goods & Services, Food & Beverages. Our company provides an exhaustive and comprehensive understanding of the business environment.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Electric Scooter and Motorcycle Market Growing at a CAGR of 17.20% from 2023-2030 | by Vehicle Type, Battery, Distance Covered, Voltage, Technology, Geography here
News-ID: 3006128 • Views: …
More Releases from Delvens

Flow Wrap Packaging Market with Growth, Trends and Top Key Competitors Analysis
Flow Wrap Packaging Market size was estimated at USD 22,364 million in 2024 and is projected to reach USD 37,833.8 million in 2031 at a CAGR of 7.8 % during the forecast period 2025-2031.
Flow wrap packaging is popular due to its ability to provide efficient, high-speed packaging while maintaining the integrity of the product inside. The material typically used for flow wrap packaging includes plastic films like polypropylene, polyethylene, and…

Oil and Gas Process Simulation Software Market Global Analysis by Component, Ope …
Oil and Gas Process Simulation Software Market: by Component (Software and Services), Operation Type (Off-Shore, On-Shore, Heavy Oil and Unconventional), Application (Upstream, Midstream, Oil and Gas Processing, Cryogenic Processes, Refining, Petrochemicals and Green Engineering), and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America). The Oil and Gas Process Simulation Software Market size was estimated at USD 1.14 billion in 2023 and is projected to reach USD…

Digital Banking Market Business Growth: Alkami, Apiture, Appway, Backbase, BNY M …
Digital Banking Market Size By Service (Transactional [Cash Deposits & Withdrawals, Fund Transfers, Auto-Debit/Auto-Credit Services, Loans], Non-Transactional [Information Security, Risk Management, Financial Planning, Stock Advisory]) and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America). The global Digital Banking Market size was estimated at USD 8341.2 Billion in 2023 and is projected to reach USD 11374.2 billion in 2030 at a CAGR of 4.1% during the forecast…

Business Process Outsourcing (BPO) Market Demands, Shares, Overview, Growth, Bus …
The market for business process outsourcing (BPO) is expanding as a result of factors such as businesses' increasing emphasis on enhancing productivity and organizational agility, cutting costs, and accelerating key capabilities to survive the rapidly changing business dynamics. Additionally, a lot of businesses are concentrating on lowering their operating expenses so they can access global resources to satisfy the rising market needs. These factors have promoted the use of market…
More Releases for Electric
Electrical Isolators Market 2023: Mitsubishi Electric, Orient Electric, Schneide …
The Electrical Isolators Market size (volume and value) and industry chain structure published by The Insight Partners through its high quality database which is a valuable source of guidance and direction for companies and individual interested in the industry.
An electrical isolator is a material in which electric current does not flow freely. The atoms of the insulator have tightly bound electrons which cannot readily move. Other materials, semiconductors and conductors…
Electric Motors for Electric Vehicle Market by Manufacturers: Hitachi Automotive …
Electric Motors for Electric Vehicle Market research report analyzes and studies the Electric Motors for Electric Vehicle Market's production, value, financial status, and capacity. It also provides information about market share and development plans during the projected period. Moreover, the Electric Motors for Electric Vehicle Market research report provides data about key manufacturers and focuses on the market competition landscape by analyzing the market by application, product type, and region.
Click…
Thermal Overload Relay Market 2021 Precise Outlook - ABB, Schneider Electric, Ea …
Global Thermal Overload Relay Market Size, Status and Forecast 2021
The Global Thermal Overload Relay Market report offers in-depth information and comprehensive analysis of the market. It provides a complete overview of the market with detailed insights on key aspects including the current market situation, potential size, volume, and dynamics of the market. This research report makes a thorough assessment of the COVID-19 pandemic and its impact on the current market…
Global Electric Motors for Electric Vehicles Market 2025 | MAHLE GmbH, Protean E …
Researchmoz added Most up-to-date research on "Global Electric Motors for Electric Vehicles Market Insights, Forecast to 2025" to its huge collection of research reports.
This report presents the worldwide Electric Motors for Electric Vehicles market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities…
Yokogawa Electric, General Electric Profiled in Smart Factory Solutions Market 2 …
Global Smart Factory Solutions Market which focuses on effective strategies of the business framework. It highlights the recent market trends stringent energy regulations and growing pressure to conform to energy efficiency. The research methods and tools used to analyze the studies are both primary and secondary research.
This market research report on analyzes the growth prospects for the key vendors operating in this market space including Siemens, ABB, Honeywell International, Yokogawa…
Global Quartz Heat Lamps Market 2017 : Indu Electric Gerber, Schneider Electric, …
The Market Research Store report offers majority of the latest and newest industry data that covers the overall market situation along with future prospects for Quartz Heat Lamps market around the globe. The research study includes significant data and also forecasts of the global market which makes the research report a helpful resource for marketing people, analysts, industry executives, consultants, sales and product managers, and other people who are in…