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Electric Scooter And Motorcycle Market Current Scenario with Future Aspect Analysis

Electric Scooter And Motorcycle Market Current Scenario with

InsightAce Analytic announces the release of a market assessment report on the "Global Electric Scooter and Motorcycle Market Size, Share & Trends Analysis Report By Vehicle (E-Scooters/Mopeds & E-Motorcycles), Battery (Lead Acid & Li-Ion), Distance (below 75 miles, 75-1000 miles, and above 100 miles), Voltage (36V, 48V, 60V, 72V, Above 72V), Technology Usage(Private, Commercial), Vehicle Class (economy and luxury)- Market Outlook And Industry Analysis 2031"

The Global Electric Scooter and Motorcycle Market is estimated to reach over USD 27.24 billion by 2031, exhibiting a CAGR of 23.58% during the forecast period.

Get A Free Report Brochure: https://www.insightaceanalytic.com/request-sample/1732

The market demand for electric scooters and motorcycles is increasing due to the increasing number of government initiatives favouring electric mobility, the rising fuel cost, and customers' preference for using e-bikes as an eco-friendly commuting option. The high initial cost of e-bikes and scooters and the prohibition of their use in major Chinese cities are expected to impede the growth of the electric scooter and motorcycle industries.

Additionally, the primary market participants are presented with market prospects due to battery technology and infrastructure advancements. Several nations are promoting clean energy sources by enacting strict emission standards, providing subsidies and tax breaks for the earlier adoption of electric two-wheelers and other low-emission vehicles to meet the stringent emission regulations, and taking other measures. For example, in June 2019, the Indian government implemented a strategy to accelerate the adoption of electric vehicles, including e-bikes and scooters, by reducing the goods and service tax (GST) from 12% to 5%. Investments in developing new varieties of electric two-wheeled vehicles, electric bicycles, and electric scooters with superior performance characteristics and new technologies for core parts and components are also expected to drive the market for electric scooters and motorcycles.

List of Prominent Players in the Electric Scooter and Motorcycle Market:
• Hero Eco Vehicles Pvt Ltd
• Honda Motors
• Husqvarna Motorcycles GmbH
• Jiangsu Xinri E Vehicle Co. Ltd.,
• Johammer e-mobility GmbH
• 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
• KTM AG
• Lightning Motorcycles
• NIU International,
• Okinawa Autotech Private Ltd.
• Yadea Technology Group Ltd.,

Market Dynamics:
Drivers-
Governments from numerous countries are taking significant steps to reduce their carbon footprints by promoting the use of electric bicycles, electric automobiles, and scooters, as a result of the growing awareness of the issues associated with the use of fossil fuel-powered vehicles. Additionally, governments are constructing bicycle-friendly roadways to promote the use of bicycles as the primary mode of transportation. Many governments are emphasizing the reliability and effectiveness of electric bicycles, scooters, and motorcycles as light motor vehicles (LMVs) that contribute to the reduction of carbon emissions. In order to promote the use of these eco-friendly vehicles, governments worldwide are also providing tax rebates and other incentives to encourage the purchase of electric mobility.

Order this Premium Report: https://www.insightaceanalytic.com/buy-report/1732

Challenges:
The exorbitant cost of e-bikes and scooters is one of the primary factors impeding the expansion of the electric scooter and motorcycle market. Electric motorbikes are more costly than conventional bikes, conventional scooters, or motorcycles as a result of the battery and technology fees. Consequently, buyers are of the opinion that traditional motorcycles or scooters provide superior performance for the same or less money. Additionally, the market's growth is restricted by the expensive cost of utilizing lithium-ion batteries or a motor's control mechanism. Therefore, the expansion of e-bike usage beyond China is restricted by their exorbitant prices. Nevertheless, the global e-bike market is rapidly expanding, which could mitigate the effects of this constraint.

Regional Trends:
The market is expected to be dominated by Asia-Pacific during the forecast period. China, India, South Korea, and Japan are the four greatest economies in the region, and it is expected that their influence on the market will be significant.
The number of new businesses and traditional, well-established enterprises entering the market is on the rise in these nations. In 2021, Taiwan implemented subsidies of up to USD 900-1000 for the acquisition of new electric motorcycles and scooters. In 2021, electric scooters comprised 94,000 of the 809,000 scooters sold in the country as a result of the implementation of such measures. In 2021, electric scooters comprised 11.9% of all scooter sales in Taiwan. In 2021, Gogoro Inc. sold more than 79,000 electric scooters in Taiwan. The government of Taiwan aims to have 70% of new scooters sold in Taiwan be electric by the end of 2035.

Recent Developments:
• In October 2022, KLB Komaki Pvt. Ltd., an electric scooter startup in India, has introduced Venice Eco Electric, its eighth high-speed scooter, in the country. The scooter is equipped with a Lithium Ferro Phosphate battery that is purported to reduce fire risks, as well as a TFT instrument cluster that provides navigational capabilities.

Get Specific Chapter/Information From The Report: https://www.insightaceanalytic.com/customisation/1732

Segmentation of Electric Scooter and Motorcycle Market-
By Battery Type-
• Sealed lead acid,
• Lithium-ion
By Vehicle Type-
• E-scooter
• E-Motorcycle
By Distance Covered-
• Below 75 miles,
• 75-1000 miles
• Above 100 miles
By Usage-
• Commercial
• Private
By Technology-
• Plug-in
• Battery
By Voltage-
• 36V,
• 48V,
• 60V,
• 72V,
• Above 72V
By Vehicle Class-
• Economy
• Luxury
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

Details insights on this market: https://www.insightaceanalytic.com/report/electric-scooter-and-motorcycle-market/1732

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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

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