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Electric Scooter & Motorcycle Market worth $18.94 billion by 2030, growing at a CAGR of 20.78% - Exclusive Report by 360iResearch
Electric Scooter & Motorcycle Market | 360iResearch
The Global Electric Scooter & Motorcycle Market to grow from USD 5.05 billion in 2023 to USD 18.94 billion by 2030, at a CAGR of 20.78%.
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Electric scooters & motorcycles are any two-wheeled vehicles that operate exclusively on electrical energy stored in the vehicle's batteries. The rechargeable battery-based electric scooter & motorcycles are in high demand owing to their zero-emission or environmental pollution. Additionally, the advancements to increase battery capacities and low operating costs of these vehicles are fostering the adoption of electric scooters & motorcycles. Moreover, the high initial cost associated with electric two-wheelers and the limited availability of charging infrastructures hampers electric scooters' widespread adoption. However, financial aid from governments worldwide to adopt these eco-friendly vehicles is expected to raise the adoption of electric motorcycles & scooters. In addition, the trend of using electric motorcycles & scooters for short-distance traveling owing to their easy handling is emerging among consumers, increasing the scope for these electric vehicles in the future.
The adoption of electric scooters & motorcycles is growing in the Americas owing to new government initiatives to achieve net-zero emissions. For instance, in February 2023, the U.S. government announced plans to build a national network of 500,000 electric vehicle chargers along America's highways. Following the concern of rising carbon emissions, the European Union (EU) has announced to halve greenhouse gas (GHG) emissions by 2030 and reach net-zero emissions by 2050, which is expected to boost the adoption of electric scooters & motorcycles in the region. The market for electric scooters & motorcycles in APAC is expected to grow rapidly owing to the rising energy consumption, air pollution, and greenhouse gas emissions. Countries across South-East Asia, with support from the United Nations Environment Programme (UNEP), encourage people to trade for electric motorbikes. The countries in the APAC region are working on measures to spur the adoption of electric scooters & motorcycle manufacturing, consumer subsidies, and tax and insurance adjustments for electric vehicle owners.
Market Segmentation & Coverage:
This research report categorizes the Electric Scooter & Motorcycle Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Vehicle, market is studied across E-Motorcycle and E-Scooter/Moped. The E-Scooter/Moped is projected to witness significant market share during forecast period.
Based on Capacity, market is studied across 75-100 Miles, Above 100 Miles, and Below 75 Miles. The Above 100 Miles is projected to witness significant market share during forecast period.
Based on Technology, market is studied across Battery and Plug-In. The Battery is further studied across Lithium-Ion and Sealed Lead Acid. The Battery is projected to witness significant market share during forecast period.
Based on Voltage, market is studied across 36V, 48V, 52V, and 72V and Above. The 48V is projected to witness significant market share during forecast period.
Based on Usage, market is studied across Commercial Use and Private Use. The Private Use is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas is projected to witness significant market share during forecast period.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Electric Scooter & Motorcycle Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Electric Scooter & Motorcycle Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Electric Scooter & Motorcycle Market, highlighting leading vendors and their innovative profiles. These include AIMA Technology Group Co. Ltd., Askoll EVA S.p.A., Ather Energy Pvt. Ltd., Bayerische Motoren Werke AG, CAKE 0 Emission AB, Cezeta, Chetak Technology Limited by Baja Auto Ltd., Damon Motors Inc., Dongguan Tailing Electric Vehicle Co. Ltd., Energica Motor Company S.p.A., Gogoro Inc., Govecs Group, Greaves Electric Mobility Pvt. Ltd., Harley-Davidson, Inc., Hero Electric Vehicles Pvt. Ltd., Johammer e-mobility GmbH, Lightning Motors Corporation, Niu International Co. Ltd., Okinawa Autotech Internationall Pvt. Ltd., Piaggio Group, Revolt Intellicorp Private Limited, Terra Motors Corporation, TVS Motor Company, Ultraviolette Automotive Pvt Ltd., Urban Ecomobility, Vmoto Ltd., Yadea Technology Group Co., Ltd., Z Electric Vehicle Corporation, Zero Motorocycles, Inc., and Zhejiang Luyuan Electric Vehicle Co. Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Electric Scooter & Motorcycle Market, by Vehicle
7. Electric Scooter & Motorcycle Market, by Capacity
8. Electric Scooter & Motorcycle Market, by Technology
9. Electric Scooter & Motorcycle Market, by Voltage
10. Electric Scooter & Motorcycle Market, by Usage
11. Americas Electric Scooter & Motorcycle Market
12. Asia-Pacific Electric Scooter & Motorcycle Market
13. Europe, Middle East & Africa Electric Scooter & Motorcycle Market
14. Competitive Landscape
15. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Electric Scooter & Motorcycle Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Electric Scooter & Motorcycle Market?
3. What is the competitive strategic window for opportunities in the Electric Scooter & Motorcycle Market?
4. What are the technology trends and regulatory frameworks in the Electric Scooter & Motorcycle Market?
5. What is the market share of the leading vendors in the Electric Scooter & Motorcycle Market?
6. What modes and strategic moves are considered suitable for entering the Electric Scooter & Motorcycle Market?
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