Electric Motorcycle and Scooter Market is Booming Worldwide | Yadea, AIMA, Lvyuan, Sunra

The latest study released on the Global Electric Motorcycle and Scooter Market evaluates market size, trend, and forecast to 2029. The Electric Motorcycle and Scooter market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors. The report is assembled to comprise qualitative and quantitative elements of Electric Motorcycle and Scooter industry including market share that admires each country concerned in the competitive marketplace.

In addition, it provides a comprehensive analysis of aspects involved in market development before and after the Covid-19 pandemic. Report also conducted a PESTEL analysis in the industry to study key influencers and barriers to entry.

According to industry estimates the Electric Motorcycle and Scooter market growth is projected to expand between 5.2% CAGR during the 2023 to 2029 assessment period.

Electric Scooter & Bikes in India - Price, Mileage, Speed & Features | TVS  iQube

Electric Motorcycle and Scooter

Key Players in This Report Include:

Yadea, AIMA, Lvyuan, Sunra, TAILG, Lima, BYVIN, Zongshen Electric Motorcycle, Wuyang Honda, HONG ER DA, Lvjia, Slane, Opai Electric, Supaq, Xiaodao Ebike, Sykee, Aucma EV, Accell Group, Terra Motor, Govecs, Gazelle, ZEV, Zero Motorcycles,

The report endeavors to offer a 360-degree analysis of the global Electric Motorcycle and Scooter Market on the back of an insightful study of the prevailing demand and supply trends, important fiscal statistics of major players sustaining in the market, and the influence of latest economic advancements on the market. Developments in each geographical region is charted using authentic historical data with a view to help gauge the future trajectory of the market across the globe. SWOT analysis is conducted to identify the strengths, weaknesses, opportunities, and threats that these companies forecast to witness during the forecast period.

The Global Electric Motorcycle and Scooter Market segments and Market Data Break Down are illuminated below:

Electric Motorcycle and Scooter Market Segments by Type:

Based on vehicle type, the market is bifurcated into E-Scooter/Mopeds and E-Motorcycle. The market segment with the fastest rate of growth is e-motorcycles. Earlier, manufacturers concentrated on creating E-scooters and E-mopeds because of their better-suited designs for an electric propulsion system.

Electric Motorcycle

Electric Scooter

Electric Motorcycle and Scooter Market Segments by Application:

E-Commerce

Retail Store

Driver: 

One of the most important factors driving the electric scooter and motorcycle market is the increasing prices of petroleum products. The increasing price of petroleum products is the primary factor driving the electric scooter and motorcycle market. Consumers from emerging countries are already affected by the increased cost of petrol. Electrical two wheelers operating on electricity would reduce the operating cost and increase their efficiency than conventional vehicles. Electronic systems are more efficient and durable than mechanical models because they break less often due to less friction and less wear. As a result, electric two wheeler vehicles last longer and reduce the environmental impact compared to fuel-powered vehicles. Manufacturers are expected to develop electric scooters and motorcycles with a higher range than the current breed of electric two wheelers. Manufacturers are expected to develop electric scooters and motorcycles with a higher range than the current breed of electric two wheelers.

Restraint:

One of the biggest hurdle in the growth of the electric scooter and motorcycle market would be the lack of charging infrastructure. Unlike developed countries, most of the emerging countries lack the necessary charging facilities. Manufacturers have started providing charging facilities of their own; however, they are not enough to make the charging process hassle-free. Manufacturers across the globe offer charging infrastructure solutions. For instance, ChargePoint (US) designs and builds all the technology for the charging network, including charging station hardware and power management software for a mobile application. ChargePoint also has charging stations for each type of electric vehicle, customizable according to demand. Similarly, iONEX Commercial (Taiwan) offers a range of charging solutions, including standard, fast, and battery switching A widespread and extensive charging infrastructure network is needed for users for the growth of the electric two-wheeler market and covers long distances without bothering about locating a charging station.

Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:

– Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)

– North America (United States, Mexico & Canada)

– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)

– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)

– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).

The Asia Pacific market is projected to hold the largest share by 2027

With the increased production of electric two-wheelers and expansion of the charging facilities network, the Asia Pacific region is estimated to be the largest electric scooter and motorcycle market, with a share of 86% in 2022 by volume. The market growth in the region can also be attributed to the rising demand for energy-efficient commuting along with several initiatives by private organizations as well as governments. The rapidly growing economy of China is driving the expansion of the electric two wheelers to reduce pollution caused by ICE vehicles in the country.

The Indian government is taking initiatives such as FAME-II, offering subsidies and tax exemptions to buyers to promote electric two-wheelers in the country. The government has also extended the FAME II scheme for 2 years, applicable till March 31, 2024, which was previously launched from 2019 to  March 31, 2022. Under this scheme, necessary charging infrastructure would also be set up for electric vehicles. Under this scheme, the government has also increased the subsidy incentives from Rs 10,000 per kWh to Rs 15,000 per kWh.

Objectives of the Report:

-To carefully analyze and forecast the size of the Electric Motorcycle and Scooter market by value and volume.

-To estimate the market shares of major segments of the Electric Motorcycle and Scooter

-To showcase the development of the Electric Motorcycle and Scooter market in different parts of the world.

-To analyze and study micro-markets in terms of their contributions to the Electric Motorcycle and Scooter market, their prospects, and individual growth trends.

-To offer precise and useful details about factors affecting the growth of the Electric Motorcycle and Scooter

-To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Electric Motorcycle and Scooter market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.

Having our reviews and subscribing to our report will help you solve the subsequent issues:

– Uncertainty about the market future: Our research and insights help our customers predict the upcoming revenue pockets and growth areas.

– Understanding market sentiments: It is very important to have a fair understanding of market sentiment for your strategy. Our insights will help you see every single eye on Electric Motorcycle and Scooter market sentiment. We maintain this analysis by working with key opinion leaders on the value chain of each industry we track.

– Understanding the most reliable investment center: Our research evaluates investment centers in the market, taking into account future demand, profits, and returns. Clients can focus on the most prestigious investment centers through Electric Motorcycle and Scooter market research.

– Evaluating potential business partners: Our research and insights help our clients in identifying compatible business partners.

Table of content:

Chapter 1: Electric Motorcycle and Scooter Market Overview

Chapter 2: Global Economic Impact on Industry

Chapter 3: Global Market Competition by key players

Chapter 4: Global Production, Revenue (Value) by region

Chapter 5: Global Supply (Production), Consumption, Export, Import by Regions

Chapter 6: Global Production, Revenue (Value), Price Trend by Type

Chapter 7: Global Market Analysis by Application

Chapter 8: Manufacturing Cost Analysis

Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 10: Marketing Strategy Analysis, Distributors/Traders

Chapter 11: Market Effect Factors Analysis

Chapter 12: Global Electric Motorcycle and Scooter Market Forecast

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We offer customization on report based on customer’s specific requirement:

  • country-level analysis for the 5 countries of your choice.
  • competitive analysis of 5 key market players.
  • 40 analyst hours to cover any other data point.

Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Asia, Europe.

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