Electric Scooter and Motorcycle Market Size Demonstrates Immense Growth Potential with Staggering CAGR Value by 2027 – Industry Trends and Forecast Report by Premium Market Insights
According to Publisher, the Global Electric Scooter and Motorcycle Market is accounted for $7487.38 million in 2018 and is expected to reach $16532.32 million by 2027 growing at a CAGR of 9.2% during the forecast period. Some of the key factors influencing the market growth include rising consumer awareness towards climate change, implementation of regulations for pollution and environment control and increased emphasis on reduction in carbon emissions. However, lack of charging infrastructure is restraining the market growth.
Electric scooters/mopeds and motorcycles are two-wheelers that run on the electrical energy stored in the rechargeable battery unit. These battery units can either be charged through an external power source or can be swapped with a charged one. Electric two-wheelers are more efficient and eco-friendly than conventional ICE two-wheelers.
Get PDF sample copy:
Companies Covered in this Report are:
TVS Motor Company
Mahindra and Mahindra Ltd.
Honda Motor Co., Ltd.
Yadea Group Holding Ltd.
Terra Motors Corporation
Bajaj Auto Ltd.
Aima Technology Group Co., Ltd
Jiangsu Xinri E-Vehicle Co., Ltd.
Amongst vehicle type, the e-motorcycle segment is going to have a lucrative growth during the forecast period owing to the advancements in battery technology, the range and performance standards of electric two-wheelers. As e-motorcycles serve different purposes such as cruising, racing, off-roading, and commuting, their demand would rise in the future.
By Geography, Asia Pacific is likely to have a huge demand due to rising demand for greener transportation along with several initiatives by private organizations as well as governments of the countries. China’s rapidly growing economy is driving the expansion of advanced technologies to improve electrification in the country.
Some of the key players in global Electric Scooter and Motorcycle market are Piaggio Group, BMW Group, TVS Motor Company, Zero Motorcycles, Alta Motors, Mahindra and Mahindra Ltd., Honda Motor Co., Ltd., Vmoto Limited, Yadea Group Holding Ltd., KTM AG, Emflux Motors, Hero Electric, Terra Motors Corporation, Bajaj Auto Ltd., Aima Technology Group Co., Ltd, Electrotherm Ltd., NIU International and Jiangsu Xinri E-Vehicle Co., Ltd.
– Above 100 Miles
– 75-100 Miles
– Below 75 Miles
Battery Types Covered:
– Sealed Lead Acid
– Nickel-Metal Hydride (Ni-MH)
– Solid State Batteries
– Other Battery types
Voltage Types Covered:
– Other Voltage Types
Vehicle Types Covered:
– North America
o Rest of Europe
– Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
– South America
o Rest of South America
– Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
To Purchase This report details at:
What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
About Premium Market Insights:
Premium Market Insights is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers.
The market research industry has changed in last decade. As corporate focus has shifted to niche markets and emerging countries, a number of publishers have stepped in to fulfil these information needs. We have experienced and trained staff that helps you navigate different options and lets you choose best research solution at most effective cost.
Name: Sameer Joshi
Organization: Premium Market Insights
Email: [email protected]