Global Electric Motorcycles and Scooter Market to Reach Significant Growth by 2031, Driven by Increasing EV Adoption and Sustainable Transport Trends | DataM Intelligence

The Global Electric Motorcycles and Scooter Market is expected to grow at a CAGR of 3.7% during the forecast period 2024-2031.

While the overall electric scooter market is growing rapidly with a CAGR of 21.6%, the specific segment for electric motorcycles and scooters reflects a more moderate growth rate, driven by increasing adoption of electric two-wheelers as efficient and eco-friendly transportation. Key growth factors include rising environmental awareness, government incentives, improvements in battery technology, and expanding charging infrastructure. However, challenges such as consumer concerns over reliability and limited investment from traditional two-wheeler manufacturers moderate growth in this segment

United States and India: Key Industry Developments

✅ November 2025: In India, electric two-wheeler sales hit over 1.1 million units in the first 10 months, marking an 8% increase despite subsidy reductions. TVS Motors leads market share, while legacy brands like Bajaj and Hero regain positions. The government's EMPS 2024 plan allocated Rs 500 crore for electric two- and three-wheelers to support up to 333,387 vehicle sales over four months.

✅ June 2025: India saw a 30% year-over-year growth in electric two-wheeler retail sales, with TVS selling 24,560 units in May alone, followed by Bajaj and Ola Electric.

✅ August 2025: Global electric motorcycle and scooter market valued at USD 36.4 billion in 2024 is expected to grow at a CAGR of 12.1% between 2025 and 2034. The motorcycle segment holds 30% market share. Li-ion battery-powered scooters dominate with 85% share.

✅ April 2025: Rising fuel costs, urbanization, and environmental concerns are key drivers in the market, resulting in growing consumer preference for electric bikes and scooters as sustainable urban mobility solutions.

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Mergers and Acquisitions (2025):

✅ The global electric motorcycle and scooter market was valued at approximately USD 36.4 billion in 2024 and is projected to grow from USD 39.6 billion in 2025 to USD 110.6 billion by 2034, at a CAGR of 12.1%.

✅ Key players such as Hero MotoCorp, Bajaj Auto, TVS Motor, and Ather Energy are driving market growth through innovation, expanded product lines, and strategic partnerships. Hero MotoCorp holds a dominant position with 42% market share in India, one of the fastest-growing markets.

✅ Growth is fueled by rising urbanization, government incentives, infrastructure development, and a shift toward sustainable personal mobility solutions. Asia Pacific, led by China and India, commands the largest market share (~55%), while Europe and North America are seeing rapid EV adoption and regulatory support.

Growth Drivers:

-Growing environmental awareness and government incentives are encouraging consumers to switch to electric vehicles, especially in densely populated cities.

-Technological advancements in battery technology have improved vehicle range and performance, increasing the practicality and appeal of electric two-wheelers.

-The rise of shared mobility services and last-mile delivery applications is further propelling market growth.

vChina dominates the market with a CAGR of 6.8%, driven by aggressive EV adoption policies and extensive charging infrastructure, followed by India at 6.3%.

-Europe and North America also see strong growth, supported by stringent emission regulations, government incentives, and increasing urbanization prompting demand for sustainable transportation options.

Market Segmentation Analysis:

-By Battery Type

Lithium-ion (Li-ion) batteries dominate the market with around 69.2% share in 2025 due to their high energy density, longer lifecycle, and faster charge capabilities, enabling extended driving ranges and improved vehicle performance.

Sealed Lead Acid (SLA) batteries account for a significant portion, favored for low cost and robustness but expected to decline due to environmental and performance limitations.

Nickel-Metal Hydride (Ni-MH) batteries hold a smaller share, with niche applications due to superior charge retention compared to SLA but lower than Li-ion.

-By Technology

Removable Battery technology is growing rapidly as it offers convenience for charging and battery swapping, increasing user flexibility and vehicle uptime.

Plug-in Battery systems are the standard for most models, involving onboard batteries charged through external power sources.

-By Product

Scooters constitute a larger share globally, preferred for urban mobility and affordability in emerging markets.

Motorcycles represent a growing premium segment offering higher speeds and longer ranges, with increasing adoption for both personal and commercial use.

-By Voltage Type

The 24V to 50V segment leads with approximately 46.8% revenue share in 2025, balancing power output and efficiency, widely adopted in electric two-wheelers for urban commuting.

Below 24V and Above 50V segments cater to low-speed vehicles and high-performance electric motorcycles respectively, each holding smaller but strategic market shares.

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Regional Insights:

United States

-The U.S. electric motorcycles and scooter market was valued at approximately USD 36.4 billion in 2024.

-It is expected to grow at a CAGR of 12.1% from 2025 to 2034, reaching around USD 110.6 billion by 2034.

-Growth is driven by government incentives, increasing urbanization, congestion, rising environmental awareness, and consumer preferences for sustainable last-mile mobility solutions.

-The motorcycle segment accounts for about 30% of the market and is expected to grow at a CAGR over 13%.

-Lithium-ion batteries dominate with an 85% market share in 2024 and growth opportunities lie in battery technology advancements and electric fleet expansions.

Japan

-Japan is witnessing growth in electric two-wheelers driven by government initiatives supporting sustainable urban mobility and advances in battery technologies.

-Market adoption is encouraged by urban congestion and environmental regulation compliance needs.

-Japan is also focusing on smart city initiatives that integrate electric mobility solutions.

Europe

-Europe had a significant market share in electric motorcycles and scooters, with France noted for strong growth prospects between 2025 and 2034.

-Other key markets include the UK, Germany, and the Nordics, driven by environmental policies, infrastructure development, and consumer demand for efficient urban transport.

-Regulatory support, subsidies, and investments in charging infrastructure further fuel market expansion.

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Competitive Landscape:

According to DataM Intelligence, the Electric Motorcycles and Scooter Market is moderately fragmented, driven by technological innovation, urban mobility trends, and government incentives encouraging electric vehicle adoption worldwide.

Key Players:
Alta Motors | Terra Motors Corporation | AIMA Technology Co Ltd | Ampere Vehicles Pvt Ltd | BMW AG | Yadea Technology Group Co. Ltd | Mahindra GenZe | Energica Motor Company S.P.A

Key Highlights (Top 5 Key Players):

-BMW AG holds approximately 14-16% market share globally, leveraging its premium electric motorcycles lineup coupled with investments in battery technology and global dealer network expansion.

-Yadea Technology Group commands about 12-14% share, with strong focus on affordable electric scooters and extensive distribution primarily in Asia-Pacific and European urban markets.

-Terra Motors Corporation secures 10-12% share, concentrating efforts on electric two-wheelers for last-mile deliveries and eco-friendly urban mobility in emerging economies.

-Mahindra GenZe holds around 7-9% market share, supported by its urban electric scooter offerings and partnerships in smart city projects across India and the U.S.

-Energica Motor Company S.P.A accounts for close to 5% share, known for high-performance electric motorcycles targeting premium niche segments in Europe and North America.

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