The Electric Scooter and Motorcycle Market is projected to reach USD 18.96 billion by 2033, up from USD 5.01 billion in 2023, reflecting a compound annual growth rate (CAGR) of 5.14% over the period. Electric scooters and motorcycles are two-wheeled electric vehicles designed for personal transportation and commuting. Unlike traditional gas-powered vehicles, these electric models operate on rechargeable batteries and produce zero emissions. Electric scooters, featuring a step-through frame, smaller wheels, and a standing platform, are ideal for short urban trips. In contrast, electric motorcycles closely resemble conventional motorcycles but utilize electric drivetrains, providing quiet operation, smooth acceleration, and lower maintenance needs. Both types of vehicles support sustainable mobility by reducing greenhouse gas emissions and fossil fuel dependence, contributing to global efforts to mitigate climate change and enhance urban air quality.
The latest research report by Evolve Business Intelligence explores the various factors influencing the global market. It includes an analysis of the current market size, forecasts for key segments and regions, and the driving forces behind market growth. The report examines the potential impacts of key trends on business strategies and provides a SWOT analysis of critical sectors for each major competitor and customer group. This valuable data highlights the conglomerates likely to impact the industry, crucial for any company planning to invest strategically over the next five years. These insights complement our initial quantitative study, aiding in new investments and strategic planning to mitigate threats in existing sectors.
Segments covered
By Product (E-Scooter/Moped, E-Motorcycle)
By Battery Type (Sealed Lead Acid, Lithium-Ion)
By Voltage (36V, 48V, 60V, 72V)
By Technology Type (Plug-In, Battery)
Key players
Yadea Group Holding Ltd.
Hero Electric
Vmoto Limited
Electrotherm Ltd.
Jiangsu Xinri E-Vehicle Co., Ltd.
Energica Motor Company
Piaggio Group
Mahindra and Mahindra Ltd.
Harley Davidson
TORROT ELECTRIC EUROPA S.A.
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