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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.
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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:
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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.
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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.
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.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY VEHICLE TYPE
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
PART 15: EXPLORE TECHNAVIO
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