Global Electric Motorcycles and Scooters Market by Products, Vehicle Range, Battery Types, Voltage, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026

The global electric motorcycles and scooters market is projected to reach USD 24 billion, expanding at a CAGR of around 5%, during the forecast period 2020–2026. This growth is attributed to the increasing concerns of consumers related to environmental pollution, increasing price of fuel and favorable government initiatives for adoption of electric vehicles. These vehicles, use electricity as a transportation fuel. The electric motorcycles and scooters, are two-wheeled vehicle powered by a motor. They are designed for higher speeds and are equipped with better acceleration and high-speed handling characteristics. They are capable of slow urban commutes or highway speeds and beyond. They offer more wind protection than moped, and generally have some cargo storage available.

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Depletion of oil reserves and the government initiatives to increase the adoption of electric vehicles have led to the development of alternative solutions, increasing investments in vehicle charging infrastructure, increasing interest from large scale manufacturers and decline in battery costs, which are expected to boost the demand for electric motorcycles during the forecast period

Market Trends, Drivers, Restraints, and Opportunities:

Increasing price of fuel in urban areas are driving the growth of the electric motorcycle market.
Government and some private organizations in various countries are supporting the consumers to use electric motorcycle as their primary mode of transportation in order to reduce the pollution. This, in turn, is driving the growth for the market.
Lack of charging infrastructure network, high costs involved in initial investments, and performance constraints are key restraint of the market.
The lithium batteries on which e-bikes work have the habit of losing capacity over time. This could hamper the growth of the market.
The increasing consumer awareness, about the adverse effects of climate change, is expected to be a driving factor for the growth of these vehicles in the market.
The government has played a defining role in driving demand of these electric vehicles. Favorable government initiatives to reduce pollution are going to foster the growth of the market during the forecast period.

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Competitive Landscape:

The number of players operating in the global electric motorcycles and scooters market, are quite a few. Some of them are

Husqvarna Motorcycles GmbH
Electric Motion
LITO MOTORCYCLES
Razor USA LLC.
Essence Motorcycle
Zero Motorcycles Inc.
Harley-Davidson, Inc
Revolt Motors
Mahindra GenZe
Bell Custom Cycles
BMW AG
Alta Motors
TACITA SRL
Hero Electric Vehicles Pvt Ltd.

The market players are engaged in product development to amplify their market share and gain traction in global marketplace. The companies are engaging in strategic acquisitions such as product launches, R&D, agreements, and collaborations to gain market share and competitive advantage through combined synergies.

The Global Electric Motorcycles and Scooters Market has been segmented on the basis of

Products:

Motorcycles
Scooters

Vehicle Ranges:

Below 75 Miles
75–100 Miles
Above 100 Miles

Battery Types:

Li-ion
Lead Acid
Nickel Metal Hydride

Voltages:

Below 24 Volt
24–48 volt
48–60 volt
Above 60 volts

Regions:

Asia Pacific
Europe
North America
Middle East & Africa
Latin America

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Table of Contents

Executive Summary
Assumptions and Acronyms Used
Research Methodology
Electric Motorcycles and Scooters Market Overview
Global Electric Motorcycles and Scooters Market Analysis and Forecast by Type
Global Electric Motorcycles and Scooters Market Analysis and Forecast by Application
Global Electric Motorcycles and Scooters Market Analysis and Forecast by Sales Channel
Global Electric Motorcycles and Scooters Market Analysis and Forecast by Region
North Electric Motorcycles and Scooters Market Analysis and Forecast
Latin Electric Motorcycles and Scooters Market Analysis and Forecast
Europe Electric Motorcycles and Scooters Market Analysis and Forecast
Asia Pacific Electric Motorcycles and Scooters Market Analysis and Forecast
Middle East & Africa Electric Motorcycles and Scooters Market Analysis and Forecast
Competition Landscape

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