Press release
Electric Bikes and Scooters Global Market Size, Revenue, Growth, Industry Insights, Regional Analysis and Forecast Till 2033 | Gogoro Inc., KTM AG, Aventon Bikes, Brammo Inc., Rad Power Bikes
Electric Bikes and Scooters Global Market
The Business Research Company offers in-depth market insights through Electric Bikes and Scooters Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The electric bikes and scooters market size has grown strongly in recent years. It will grow from $28.08 billion in 2023 to $30.27 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to rising fuel costs, government initiatives, early market entrants, urbanization and congestion, consumer behavior changes.
The electric bikes and scooters market size is expected to see strong growth in the next few years. It will grow to $39.1 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to environmental concerns, economic trends, global market expansion, competitive market landscape, infrastructure development, consumer adoption rates. Major trends in the forecast period include urban mobility solutions, regulatory support and incentives, rising environmental awareness, last-mile connectivity, consumer preferences and customization.
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Market Segmentation:
The electric bikes and scooters market covered in this report is segmented -
1) By Product: Electric Bikes, Electric Scooters
2) By Battery: Lead-acid, Lithium-ion (Li-ion), Nickel-metal hydride (NiMh), Other Batteries
3) By Voltage Capacity: 48-59V, 60-72V, 73-96V, Above 96V
4) By Drive Mechanism: Hub Motor, Mid Drive, Other Drive Mechanisms
Major Driver - Environmental Awareness With Electric Bikes And Scooters Market
Increasing awareness about pollution is a key driver of the electric bikes and scooters market. This is because more people now understand the importance of reducing pollution, and this awareness has led them to look for more environmentally friendly modes of transportation that minimize and control pollution. For example, according to a survey published by Forbes, due to an increase in awareness about pollution, the sales of electric bikes (e-bikes) have exceeded those of non-electric bikes in the Netherlands. The growth in the adoption of electric bikes and scooters is expected to continue in the coming years as the carbon dioxide emitted by the burning of fossil fuels remains a major threat to the environment, causing global warming and climate change.
Competitive Landscape:
Major companies operating in the electric bikes and scooters market report are Bayerische Motoren Werke AG, Honda Motor Co. Ltd., Suzuki Motor Corporation, Mahindra & Mahindra Limited, Polaris Industries Inc., Govecs AG, Yadea Group Holdings Ltd., Giant Manufacturing Co. Ltd., AIMA Technology Co. Ltd., Alta Motors, Trek Bicycle Corporation, Dongguan Tailing Electric Vehicle Co. Ltd., Jiangsu Xinri E-Vehicle Co. Ltd., Energica Motor Company S.p.A., Gogoro Inc., KTM AG, Yamaha Motor Co. Ltd., Vmoto Limited, Zero Motorcycles Inc., Tianjin Golden Wheel Group Co. Ltd., Hero Electric Vehicles Pvt. Ltd., Terra Motors Corporation, Aventon Bikes, Z Electric Vehicle Corporation, Fuji-Ta Bicycle Co. Ltd., Prodeco Technologies LLC, Bionx International Corporation, Zhejiang Luyuan Electric Vehicle Co. Ltd., Amego Electric Vehicles Inc., Shandong Incalcu Electric Vehicle Co. Ltd., Cowboy Electric Bikes, Lyft Inc., Keego Mobility Co. Ltd., Rad Power Bikes, Volt Motorcycles Ltd., Karbon Kinetics Limited, Raleigh Bicycle Company, Piaggio & C. SpA, Ather Energy Private Limited, Brammo Inc., Evoke Electric MotorcyclesLtd., Lightning Motorcycle Corp., Derby Cycle Holding GmbH, Riese & Müller GmbH, Stromer Electric Bikes
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Top Trend - Advancements In Battery Technology For Electric Bikes And Scooters Market
Improving battery technology is an emerging trend in the electric bikes and scooters market. One such technological improvement of batteries includes the growing use of graphene batteries in electric bikes and scooters. The graphene batteries use electrolytes based on a super-thin material called graphene, which enables faster charging time, higher capacity, and lighter weight of the vehicles. In this regard, Earthday, a startup based in Barcelona, Spain, is working towards further enhancing the efficiency of graphene batteries to charge electric bikes and scooters in around five minutes.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Electric Bikes and Scooters Market Characteristics
3. Electric Bikes and Scooters Market Trends And Strategies
4. Electric Bikes and Scooters Market - Macro Economic Scenario
5. Electric Bikes and Scooters Market Size And Growth
…..
27. Electric Bikes and Scooters Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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