Low-powered Electric Motorcycle and Scooter Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2020-2024

The global low-powered electric motorcycle and scooter market has the potential to grow by 2,710.07 thousand units during 2020-2024, and the market’s growth momentum will accelerate throughout the forecast period because of the steady increase in year-over-year growth.

This report provides a detailed analysis of the market by vehicle type (electric scooters and electric motorcycles) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors including Electrotherm Ltd., Greaves Cotton Ltd., Hero Electric Vehicles Pvt. Ltd., Mahindra & Mahindra Ltd., Niu Technologies, SONGUO MOTORS Co. Ltd., TACITA Srl, Z Electric Vehicle Corp., Zero Motorcycles Inc., and Zhejiang Luyuan Electric Vehicle Co. Ltd.

Market Overview

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Market Competitive Analysis

The electric motorcycle and scooter market is currently fragmented, and the degree of fragmentation will increase during the forecast period. Vendors are focusing on technological advances, and new product launches to increase revenue generation. Electrotherm Ltd., Greaves Cotton Ltd., Hero Electric Vehicles Pvt. Ltd., and Mahindra & Mahindra Ltd. are some of the major market participants. Although the declining cost of Li-ion batteries will offer immense growth opportunities, lack of adequate supporting infrastructure for electric vehicles will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market positions, this electric motorcycle and scooter market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this electric motorcycle and scooter market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading electric motorcycle and scooter companies, including:

• Electrotherm Ltd.
• Greaves Cotton Ltd.
• Hero Electric Vehicles Pvt. Ltd.
• Mahindra & Mahindra Ltd.
• Niu Technologies
• SONGUO MOTORS Co. Ltd.
• TACITA Srl
• Z Electric Vehicle Corp.
• Zero Motorcycles, Inc.
• Zhejiang Luyuan Electric Vehicle Co. Ltd.

Low-powered Electric Motorcycle and Scooter Market: Segmentation by Region

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APAC will offer several growth opportunities to market vendors during the forecast period. The increasing environmental concerns and focus on reducing fuel consumption are increasing the adoption of electric motorcycles and scooters in the region. Governments such as in China are also providing subsidies on electric vehicles to promote their adoption.

Over 89% of the market’s growth will originate from APAC during the forecast period. The region is witnessing an increasing number of new product launches with advanced features. This will subsequently drive sales of electric motorcycles and scooters for specific applications, fueling electric motorcycle and scooter market growth. China and Japan are the key markets for electric motorcycle and scooter in APAC. Market growth in this region will be slower than the growth of the market in Europe, North America, and South America.

Low-powered Electric Motorcycle and Scooter Market: Segmentation by Vehicle Type

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The presence of high-performance electric scooters is negligible in the global electric scooter market. Since 2015, the market has been witnessing a high number of electric scooter launches and many electric scooters that are scheduled to be launched during the forecast period. This will increase the demand for electric scooters in the market.

However, market growth by the electric scooters segment will be slower than the growth of the market by the electric motorcycles segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the electric motorcycle and scooter market size.

Low-powered Electric Motorcycle and Scooter Market: Key Drivers and Trends

The cost of Li-ion batteries has been declining over the years due to their increasing use in electric-powered passenger cars and buses. The increasing production sale and improvements in manufacturing efficiency have also impacted the cost of Li-ion batteries. Li-ion batteries have found significant applications in global low-powered electric motorcycle and scooter market. The declining cost of Li-ion batteries is reducing the production cost of low-powered electric motorcycles and scooters, which will aid in increasing their sales. These factors will thereby positively influence the electric motorcycle and scooter market growth over the forecast period.

• The emergence of all-electric off-road motorcycles is one of the key electric motorcycle and scooter market trends.
• Prominent vendors are focusing on the off-road segment and increasing their product portfolios owing to the increasing popularity of off-road motorcycles in recent years.
• The electric two-wheeler market, including the off-road segment, is recording growth owing to the rising environmental concerns and government initiatives to reduce CO₂ emissions.
• Several motorcycle manufacturers have started offering all-electric off-road motorcycles due to the rapid advances in electric vehicle technologies.
• During 2020-2024, the market will grow at a CAGR of over 6%.

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Low-powered Electric Motorcycle and Scooter Market: Key Highlights of the Report for the Forecast Period 2020-2024

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will accelerate the growth of the electric motorcycle and scooter market during the next five years
• Precise estimation of the global electric motorcycle and scooter market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the electric motorcycle and scooter industry across APAC, Europe, MEA, North America, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of electric motorcycle and scooter vendors

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