Electric Scooter and Motorcycle Industry Forecast: Key Players and Growth Analysis 2022-2027

Electric Scooter and Motorcycle Market Projected to Expand at 32% CAGR Through 2027

The Global Electric Scooter and Motorcycle Market is projected to grow at a CAGR of around 32% during the forecast period, i.e., 2022-27. The growth of the market is driven primarily by the alarming carbon emission levels, especially from vehicles, and the growing awareness among people about the need to curb these levels by procuring environment-friendly mobility solutions, i.e., surging the sales of electric scooters motorcycles worldwide.

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Strategic Takeaways from the Report:

Market Sizing and Forecasting
Regulatory and Policy Influence
Competitive Trends and MA Activity
Innovation Drivers and Disruptive Technologies
Investment Hotspots and Emerging Niches
Geographical Dynamics and Trade Flows

Electric Scooter and Motorcycle Market Segment Overview Classification

This market is categorized to offer targeted insights across various operational and consumer-related verticals.

Segment List:

By Vehicle Type

Scooters
Motorcycles

Here, electric motorcycles are anticipated to acquire a prominent market share through 2027, principally due to a more prominent younger population than others entwined with the introduction of various new models by automakers, i.e., attracting a massive consumer base for electric motorcycles. Besides, the swift improvement in the economic conditions of people and an elevation in vehicle fleet are demonstrating massive traffic congestion worldwide and, in turn, leading to the growing sales of electric motorcycles globally.

By Battery Type

Sealed Lead Acid
Lithium-Ion

Between the two, Lithium-ion batteries are anticipated to significantly contribute to the global expansion of the Electric Scooter and Motorcycle Market during 2022-27. It attributes principally to the mounting awareness among electric scooters motorcycle owners about the benefits of these batteries, like faster charging, high energy storage capacity, and greater durability than others. It, in turn, is augmenting the demand for electric two-wheelers exhibiting these batteries and boosting the market growth.

By Distance Covered

Below 75 Miles
75-100 Miles
Above 100 Miles

By Technology

Plug-In
Battery

By Usage

Commercial
Private

By Voltage

36V
48V
60V
72V
Above 72V

By Region

North America
South America
Europe
Middle East Africa
Asia Pacific.

Of all regions globally, Asia-Pacific is anticipated to dominate the Electric Scooter and Motorcycle Market with the largest share during 2022-27. It owes principally to the numerous government efforts toward bringing environmental sustainability, i.e., demonstrating an active setup of electric vehicle charging infrastructure across different countries, especially China, India, Japan.

These divisions help clarify demand patterns and expected shifts.

Market Trends

Growing Encouragement for Micro-Mobility Using Electric Scooters Motorcycles - As the world is growing closer to adopting EVs, advancements in their overall charging infrastructure are offering greater accessibility convenience to users for recharging their vehicles, which, in turn, is accelerating the sales of electric scooters motorcycles globally. With these infrastructural developments, governments of different countries, in order to contribute greatly to environmental sustainability, are encouraging people to purchase these vehicles. For instance:

In April 2022, London hosted the world's first-ever series of Electric Scooter races with the principal aim to promote safe micro-mobility eco-friendly transportation for urban mobility. This event was backed by the International Federation of Automobiles (FIA), France, and other prominent motorsport racing communities.

Electric Scooter and Motorcycle Market Competitive Snapshot from 2022-2027

The report highlights established and emerging players in the global Electric Scooter and Motorcycle Market, evaluating their strengths, challenges, and potential for innovation.

Key Competitors Include:

Alta Motors
Aima Technology Group Co., Ltd.
Ampere by Greaves Electric Mobility
Ather Energy
Bajaj Auto Ltd.
BMW Motorrad International
Energica Motor Company
Essence Motorcycles
Gogoro
Harley-Davidson
Hero Electric
LITO Motorcycles
Niu Technologies
Ola Electric Mobility
Tacita SRL
Vmoto Limited
Wuyang-Honda Motorcycle (Guangzhou) Co., Ltd.
Yadea Technology Group Co. Ltd
Zero Motorcycles Inc.
Zongshen Electric Motorcycle
Zhejiang Luyuan Electric Vehicle Co. Ltd.
Others.

Their activities include partnerships, product launches, and geographic expansions.

Frequently Asked Questions (FAQs):

What industries are most impacted by this market?
How is technology reshaping operations and offerings?
Which competitors dominate the landscape?
What risks could disrupt market expansion?
How should businesses respond to demand fluctuations?

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