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CAGR 23.49% | North America Electric Scooters and Motorcycles Market Size Worth US$ 2,811.2 Million by 2032
North America Electric Scooters and Motorcycles Market
The latest report by IMARC Group, titled "North America Electric Scooters and Motorcycles Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032", offers a comprehensive analysis of the industry, which comprises insights on the North America electric scooters and motorcycles market share. The North America electric scooters and motorcycles market size reached US$ 420.9 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 2,811.2 Million by 2032, exhibiting a growth rate (CAGR) of 23.49% during 2024-2032.
Electric scooters and motorcycles are two-wheeled vehicles powered by electric motors instead of traditional internal combustion engines. These vehicles utilize rechargeable batteries, typically lithium-ion, to power the motor, offering a quieter, more environmentally friendly alternative to gasoline-powered bikes. Electric scooters, often designed for urban commuting, are smaller and lighter, featuring a step-through frame and a platform for the feet of the rider. They are ideal for short distances, providing convenience and ease of use in congested city environments. Electric motorcycles, on the other hand, resemble conventional motorcycles in design and are built for higher speeds and longer distances. They cater to a broader range of riders, from casual commuters to enthusiasts seeking high-performance machines. Both electric scooters and motorcycles offer significant advantages, including lower operating costs, reduced emissions, and minimal maintenance compared to their gasoline counterparts.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/north-america-electric-scooters-motorcycles-market/requestsample
North America Electric Scooters and Motorcycles Market Trends and Drivers:
The growth of electric scooters and motorcycles in North America is driven by several key factors. Increasing environmental awareness and the desire to reduce carbon emissions are significant motivators, as these electric vehicles offer a cleaner alternative to traditional gasoline-powered counterparts. Government incentives and subsidies for electric vehicle (EV) purchases across the North America, along with investments in charging infrastructure, are making electric scooters and motorcycles more accessible and appealing to consumers. Technological advancements in battery efficiency and motor performance have enhanced the range and reliability of these vehicles, addressing previous concerns about their practicality for daily use.
Additionally, rising fuel prices and the lower operating costs of electric vehicles are compelling economic factors. Urbanization and the need for efficient, compact transportation solutions in congested city areas also boost the demand for electric scooters and motorcycles, which are well-suited for short-distance travel and easy parking. Moreover, growing interest in innovative and smart mobility solutions, such as app-based rental services, is making electric scooters and motorcycles more popular.
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/north-america-electric-scooters-motorcycles-market
North America Electric Scooters and Motorcycles Market 2024-2032 Analysis and Segmentation:
Top key players covered in this report:
Cake 0 Emission AB
Energica Motor Company S.p.A. (Ideanomics Inc.)
KTM North America Inc. (KTM Sportmotorcycle GmbH)
Lightning Motors Corporation
Razor USA LLC
Segway Inc.
Zero Motorcycles Inc.
The report segmented the market on the basis of region, vehicle type, battery type, battery capacity, and usage.
Breakup by Vehicle Type:
E-scooter
E-motorcycle
Breakup by Battery Type:
Lithium-ion
Breakup by Battery Capacity:
15 kWh
Breakup by Usage:
Commercial
Private
Breakup by Region:
United States
Canada
Key highlights of the report:
Market Performance (2018-2023)
Market Outlook (2024- 2032)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Browse More Reports:-
North America Corrugated Boxes Market :- https://www.imarcgroup.com/north-america-corrugated-boxes-market
United States Biotechnology Market: https://www.imarcgroup.com/united-states-biotechnology-market
United States Athleisure Market: https://www.imarcgroup.com/united-states-athleisure-market
United States Ice Cream Market: https://www.imarcgroup.com/united-states-ice-cream-market
United States Connected Car Market: https://www.imarcgroup.com/united-states-connected-car-market
Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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