Electric Scooter & Motorcycle Market by Vehicle (E-Motorcycle, E-Scooter/Moped), Capacity (75–100 Miles, Above 100 Miles, Below 75 Miles), Technology, Voltage, Usage - Global Forecast 2024-2030

Electric Scooter & Motorcycle Market by Vehicle (E-Motorcycle, E-Scooter/Moped), Capacity (75–100 Miles, Above 100 Miles, Below 75 Miles), Technology, Voltage, Usage - Global Forecast 2024-2030

The Electric Scooter & Motorcycle Market size was estimated at USD 5.05 billion in 2023 and expected to reach USD 6.04 billion in 2024, at a CAGR 20.78% to reach USD 18.94 billion by 2030.

Electric scooters & motorcycles are any two-wheeled vehicles that operate exclusively on electrical energy stored in the vehicle's batteries. The rechargeable battery-based electric scooter & motorcycles are in high demand owing to their zero-emission or environmental pollution. Additionally, the advancements to increase battery capacities and low operating costs of these vehicles are fostering the adoption of electric scooters & motorcycles. Moreover, the high initial cost associated with electric two-wheelers and the limited availability of charging infrastructures hampers electric scooters’ widespread adoption. However, financial aid from governments worldwide to adopt these eco-friendly vehicles is expected to raise the adoption of electric motorcycles & scooters. In addition, the trend of using electric motorcycles & scooters for short-distance traveling owing to their easy handling is emerging among consumers, increasing the scope for these electric vehicles in the future.

Regional Insights

The adoption of electric scooters & motorcycles is growing in the Americas owing to new government initiatives to achieve net-zero emissions. For instance, in February 2023, the U.S. government announced plans to build a national network of 500,000 electric vehicle chargers along America’s highways. Following the concern of rising carbon emissions, the European Union (EU) has announced to halve greenhouse gas (GHG) emissions by 2030 and reach net-zero emissions by 2050, which is expected to boost the adoption of electric scooters & motorcycles in the region. The market for electric scooters & motorcycles in APAC is expected to grow rapidly owing to the rising energy consumption, air pollution, and greenhouse gas emissions. Countries across South-East Asia, with support from the United Nations Environment Programme (UNEP), encourage people to trade for electric motorbikes. The countries in the APAC region are working on measures to spur the adoption of electric scooters & motorcycle manufacturing, consumer subsidies, and tax and insurance adjustments for electric vehicle owners.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Electric Scooter & Motorcycle Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Electric Scooter & Motorcycle Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Electric Scooter & Motorcycle Market, highlighting leading vendors and their innovative profiles. These include AIMA Technology Group Co. Ltd., Askoll EVA S.p.A., Ather Energy Pvt. Ltd., Bayerische Motoren Werke AG, CAKE 0 Emission AB, Cezeta, Chetak Technology Limited by Baja Auto Ltd., Damon Motors Inc., Dongguan Tailing Electric Vehicle Co. Ltd., Energica Motor Company S.p.A., Gogoro Inc., Govecs Group, Greaves Electric Mobility Pvt. Ltd., Harley-Davidson, Inc., Hero Electric Vehicles Pvt. Ltd., Johammer e-mobility GmbH, Lightning Motors Corporation, Niu International Co. Ltd., Okinawa Autotech Internationall Pvt. Ltd., Piaggio Group, Revolt Intellicorp Private Limited, Terra Motors Corporation, TVS Motor Company, Ultraviolette Automotive Pvt Ltd., Urban Ecomobility, Vmoto Ltd., Yadea Technology Group Co., Ltd., Z Electric Vehicle Corporation, Zero Motorocycles, Inc., and Zhejiang Luyuan Electric Vehicle Co. Ltd..

Market Segmentation & Coverage

This research report categorizes the Electric Scooter & Motorcycle Market to forecast the revenues and analyze trends in each of the following sub-markets:

Vehicle
E-Motorcycle

E-Scooter/Moped
Capacity
75–100 Miles

Above 100 Miles

Below 75 Miles
Technology
Battery
Lithium-Ion
Sealed Lead Acid

Plug-In
Voltage
36V

48V

52V

72V and Above
Usage
Commercial Use

Private Use
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas

Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam

Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Electric Scooter & Motorcycle Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Electric Scooter & Motorcycle Market?
3. What are the technology trends and regulatory frameworks in the Electric Scooter & Motorcycle Market?
4. What is the market share of the leading vendors in the Electric Scooter & Motorcycle Market?
5. Which modes and strategic moves are suitable for entering the Electric Scooter & Motorcycle Market?PDF E-mail From Publisher (2-5)Users License Show more