Electric Scooter and Motorcycle Market Size, Share, Key Players, Revenue, Research Report and Forecast 2031

The global electric scooter and motorcycle market revenue was around US$ 35.9 billion in 2021 and is estimated to reach US$ 94.9 billion by 2031, growing at a compound annual growth rate (CAGR) of 10.2% during the forecast period from 2022 to 2031.

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Electric motorcycles and scooters are plug-in electric vehicles that have two or three wheels. The two-wheeler's power source is its rechargeable battery, which also feeds electricity to the motor. Modern bikes and scooters use lithium-ion battery pack which is utilized in the most expensive part of an electric two-wheeler.

Factors Influencing Market Growth

Growing government initiatives for electric mobility and consumer preference for using e-bikes as an eco-friendly commuting option. Such factors fuel the market growth.

Investments in the development of new types of electric two-wheeled vehicles and bicycles/scooters that have superior performance characteristics and new technologies for core parts and components. Thus these factors are anticipated to boost the market.

Improvements in infrastructure and the growing innovation of battery technology create a lucrative opportunities in the market.

Due to the high initial cost of scooters and e-bikes and the prohibition of their use in some places. Thus these factors restrain market growth.

Study of the COVID-19 Pandemic

The COVID-19 pandemic had a significant negative impact on the electric scooter and motorcycle market. Due to the government enacted a lockdown global supply chains have suffered significant damage. However, during the pandemic, many businesses have ceased operations and are waiting for better market circumstances. Nevertheless, several business sectors are utilizing this time to expand their operations.

As a result, it is predicted that the e-bike sector would have a substantial increase in sales after COVID-19 in 2021. However, the market would return to normal after 2021, and the demand for e-bikes would increase at a moderate rate. Considering the continuing of safer public and private transportation systems, such as buses, metros, buses, and cab/ride-sharing platforms.

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Regional Insights

Asia-Pacific is predicted to dominate the electric scooter and motorcycle market. The four largest economies in the region are India, China, South Korea, and Japan, and these economies are anticipated to have an impact on the market as a whole. These nations are seeing an increase in the number of new businesses as well as traditional, well-established enterprises in the market.

Leading Competitors
The leading competitors in the global electric scooter and motorcycle market are:
AIMA TECHNOLOGY GROUP CO. LTD
Alta Motors
Ampere Vehicles Pvt Ltd (Greaves Cotton)
Bell Custom Cycles
Blacksmith Electric
Electric Motion
Energica Motor Company S.p.A
Essence Motorcycles
Govecs Group
Harley Davidson
Hero Eco Vehicles Pvt Ltd
Hero Electric
Honda Motors
Husqvarna Motorcycles GmbH
Johammer e-mobility GmbH
KTM AG
Lightning Motorcycles
Others
Segmentation Analysis
The global electric scooter and motorcycle market segmentation focuses on Vehicle Type, Battery Type, Range, Power, Vehicle Class, Usage and Region.
Segmentation based on Vehicle Type
E-Scooter/Moped
E-Motorcycle
Segmentation based on Battery Type
Sealed Lead Acid
Lithium-ion
Others
Segmentation based on Range
Less Than 75 Miles
75 Miles to 100 Miles
More Than 100 Miles

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Segmentation based on Power
Less Than 3kW
3kW to 5kW
More Than 5kW
Segmentation based on Vehicle Class
Economy
Luxury
Segmentation based on Usage
Commercial
Private
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific

Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA

South America
Brazil
Argentina
Rest of South America

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Table of Content

Chapter 1: Global Electric Scooter and Motorcycle Industry Overview

Chapter 3: Market Dynamics

Chapter 4: Top Company Profiles

Chapter 5: Global Electric Scooter and Motorcycle market Competition, by Players

Chapter 6: Global Market Size by Regions

Chapter 7: Global Market Segment by Application

Chapter 8: Global Electric Scooter and Motorcycle Industry Segment by Type

Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers

Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders

Chapter 11: Key Marketing Strategy Analysis, by Market Vendors

Chapter 12: Market Effect Factors Analysis

Chapter 13: Global Electric Scooter and Motorcycle market Size Forecast (2023-2031).

Continue….

Reasons to Buy This Report

(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.

(B) The report offers comprehensive analysis of Electric Scooter and Motorcycle market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.

(C) The research includes segmentation of the Electric Scooter and Motorcycle market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.

(D) Analysis of the Electric Scooter and Motorcycle market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.

(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.

(F) The study helps evaluate Electric Scooter and Motorcycle business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.

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This release was published on openPR.