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Electric Scooter and Motorcycle Market Poised for Growth with a 4.3% CAGR, Expected to Reach USD 8 Billion by 2030

Electric Scooter and Motorcycle Market

Electric Scooter and Motorcycle Market

๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐’๐œ๐จ๐จ๐ญ๐ž๐ซ ๐š๐ง๐ ๐Œ๐จ๐ญ๐จ๐ซ๐œ๐ฒ๐œ๐ฅ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ

Electric scooters and motorcycles represent a transformative shift toward sustainable urban transportation. Electric scooters are lightweight, compact, and ideal for short-distance travel in cities. Powered by rechargeable batteries, they offer quiet operation and zero emissions, making them a favorite among environmentally conscious commuters. On the other hand, electric motorcycles, which are larger and designed for higher speeds and longer ranges, cater to highway travel and those seeking a traditional motorcycling experience with the advantages of electric propulsion.

The Global Electric Scooter and Motorcycle Market, valued at USD 5.96 billion in 2023, is projected to grow at a compound annual growth rate (CAGR) of 4.3%, reaching USD 8 billion by 2030. This growth highlights the increasing importance of sustainable urban mobility solutions in combating pollution, reducing traffic congestion, and mitigating climate change.

๐‚๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐ญ๐จ ๐ฉ๐ž๐ž๐ค ๐ข๐ง๐ฌ๐ข๐๐ž? ๐†๐ซ๐š๐› ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ง๐จ๐ฐ: https://www.maximizemarketresearch.com/request-sample/24391/

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ

๐„๐ง๐ฏ๐ข๐ซ๐จ๐ง๐ฆ๐ž๐ง๐ญ๐š๐ฅ ๐€๐ฐ๐š๐ซ๐ž๐ง๐ž๐ฌ๐ฌ ๐š๐ง๐ ๐†๐จ๐ฏ๐ž๐ซ๐ง๐ฆ๐ž๐ง๐ญ ๐’๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ

The growing concerns over climate change and air pollution have fueled the demand for eco-friendly transportation options. Electric scooters and motorcycles, being zero-emission vehicles, serve as attractive alternatives to traditional gasoline-powered vehicles. Governments worldwide are bolstering this transition through subsidies, tax incentives, and investments in infrastructure, such as charging stations.

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: ๐€๐ฌ๐ข๐š ๐๐š๐œ๐ข๐Ÿ๐ข๐œ ๐‹๐ž๐š๐๐ข๐ง๐  ๐ญ๐ก๐ž ๐‚๐ก๐š๐ซ๐ ๐ž

The Asia Pacific region dominated the global market in 2023 and is expected to maintain its leadership throughout the forecast period. Factors such as rapid urbanization, rising pollution levels, and the need for sustainable transportation have driven the demand for electric scooters and motorcycles in this region.

๐“๐ก๐š๐ข๐ฅ๐š๐ง๐: ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐“๐ฐ๐จ-๐–๐ก๐ž๐ž๐ฅ๐ž๐ซ ๐“๐ซ๐ž๐ง๐๐ฌ

In Thailand, the electric scooter and motorcycle market is expanding due to rising fuel prices and a growing awareness of environmental issues. The government's supportive policies and investment in charging infrastructure are further propelling market growth.

๐€๐œ๐œ๐ž๐ฌ๐ฌ ๐˜๐จ๐ฎ๐ซ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ + ๐•๐ข๐ฌ๐ฎ๐š๐ฅ๐ฌ ๐๐จ๐ฐ: https://www.maximizemarketresearch.com/request-sample/24391/

๐‰๐š๐ฉ๐š๐ง: ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž ๐†๐ซ๐จ๐ฐ๐ญ๐ก

Japan's advanced technological landscape and commitment to reducing carbon emissions have led to increased adoption of electric scooters and motorcycles. The market is anticipated to grow steadily, supported by continuous innovations and a tech-savvy population.

๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š: ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐Œ๐จ๐›๐ข๐ฅ๐ข๐ญ๐ฒ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ

South Korea is experiencing significant growth in the electric scooter and motorcycle market, driven by government initiatives to promote electric vehicles and reduce air pollution. The integration of these technologies in smart cities is becoming increasingly prevalent.

๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž: ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐“๐ฐ๐จ-๐–๐ก๐ž๐ž๐ฅ๐ž๐ซ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ

Singapore's robust digital infrastructure and emphasis on sustainable urban mobility are fostering the adoption of electric scooters and motorcycles. The government's focus on reducing carbon emissions is expected to create new opportunities in this sector.

๐”๐ง๐ข๐ญ๐ž๐ ๐’๐ญ๐š๐ญ๐ž๐ฌ: ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง

The U.S. electric scooter and motorcycle market is characterized by continuous innovations and strategic partnerships aimed at enhancing user experience. For instance, in July 2022, The Rohatyn Group, a U.S.-based asset management firm, acquired KJK Capital, a Europe-based manufacturer of electric bikes, to expand its presence in the e-bike market.

๐ƒ๐ข๐ฏ๐ž ๐ข๐ง๐ญ๐จ ๐ญ๐ก๐ž ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฐ๐ข๐ญ๐ก ๐จ๐ฎ๐ซ ๐Ÿ๐ซ๐ž๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/request-sample/24391/

๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐’๐œ๐จ๐จ๐ญ๐ž๐ซ ๐š๐ง๐ ๐Œ๐จ๐ญ๐จ๐ซ๐œ๐ฒ๐œ๐ฅ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง

๐›๐ฒ ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž ๐“๐ฒ๐ฉ๐ž

Electric Scooters
Electric Motorcycles
Electric Mopeds
Electric Bicycles (E-Bikes)
Others

๐›๐ฒ ๐๐š๐ญ๐ญ๐ž๐ซ๐ฒ ๐“๐ฒ๐ฉ๐ž

Lithium-ion (Li-ion) batteries
Lead-acid batteries
Nickel-metal hydride (NiMH) batteries
Others

๐›๐ฒ ๐‘๐š๐ง๐ ๐ž

Less Than 75 Miles
75 Miles to 100 Miles
More Than 100 Miles

๐†๐ž๐ญ ๐Œ๐จ๐ซ๐ž ๐ˆ๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ : https://www.maximizemarketresearch.com/market-report/global-electric-scooter-and-motorcycle-market/24391/

๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐’๐œ๐จ๐จ๐ญ๐ž๐ซ ๐š๐ง๐ ๐Œ๐จ๐ญ๐จ๐ซ๐œ๐ฒ๐œ๐ฅ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ

Global
1. Niu Technologies (Beijing, China)
2. Gogoro (Taipei, Taiwan)
3. Segway-Ninebot (Beijing, China)
4. Xiaomi (Beijing, China)
5. Zero Motorcycles (Scotts Valley, California, USA)
North America
1. Harley-Davidson, Inc. (Milwaukee, Wisconsin, USA)
2. GenZe (Fremont, California, USA)
3. Vectrix Corporation (New Bedford, Massachusetts, USA)
Europe
1. Energica Motor Company (Modena, Italy)
2. Vespa (Pontedera, Italy)
Asia Pacific
1. Xiaomi (Beijing, China)
2. Hero Electric (New Delhi, India)
3. Evoke Motorcycles (Beijing, China)
4. Super Soco (Jiangsu, China)
5. Yadea Group Holdings Ltd. (Wuxi, China)
6. Revolt Motors (Gurugram, India)
7. Emflux Motors (Bengaluru, India)
8. Okinawa Autotech Pvt. Ltd (Gurugram, India)
9. Ampere Vehicles Pvt. Ltd. (Coimbatore, India)
10. Ather Energy (Bengaluru, India)
11. Mahindra Electric Mobility Ltd. (Bengaluru, India)
12. TVS Motor Company (Chennai, India)

๐‚๐ก๐ž๐œ๐ค ๐จ๐ฎ๐ญ ๐จ๐ฎ๐ซ ๐ญ๐ซ๐ž๐ง๐๐ข๐ง๐  ๐ฌ๐ญ๐ฎ๐๐ข๐ž๐ฌ ๐ญ๐จ ๐ฎ๐ง๐๐ž๐ซ๐ฌ๐ญ๐š๐ง๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฌ๐ก๐ข๐Ÿ๐ญ๐ฌ :

โ™ฆ Global Cryolite Market https://www.maximizemarketresearch.com/market-report/global-cryolite-market/26381/

โ™ฆ Route Optimization Software Market https://www.maximizemarketresearch.com/market-report/route-optimization-software-market/14311/

โ™ฆ Global Adhesion Barrier Device Market https://www.maximizemarketresearch.com/market-report/global-adhesion-barrier-device-market/10968/

โ™ฆ Programmable Logic Controller Market https://www.maximizemarketresearch.com/market-report/programmable-logic-controller-market/188518/

โ™ฆ Cashew Nutshell Liquid Market https://www.maximizemarketresearch.com/market-report/cashew-nutshell-liquid-market/147699/

โ™ฆ Global Graphite Lubricant Market https://www.maximizemarketresearch.com/market-report/global-graphite-lubricant-market/69647/

โ™ฆ Global Visitor Management System Market https://www.maximizemarketresearch.com/market-report/global-visitor-management-system-market/116611/

โ™ฆ Global Hardware Acceleration Market https://www.maximizemarketresearch.com/market-report/global-hardware-acceleration-market/63806/

โ™ฆ Underwater Communication System Market https://www.maximizemarketresearch.com/market-report/underwater-communication-system-market/182910/

โ™ฆ Green and Bio Polyols Market https://www.maximizemarketresearch.com/market-report/green-and-bio-polyols-market/147933/

๐Œ๐€๐—๐ˆ๐Œ๐ˆ๐™๐„ ๐Œ๐€๐‘๐Š๐„๐“ ๐‘๐„๐’๐„๐€๐‘๐‚๐‡ ๐๐•๐“. ๐‹๐“๐ƒ.

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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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