Electric Motorcycle and Scooter Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

The Electric Motorcycle and Scooter Market is expected to register a CAGR of 17.4% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.

The report is segmented by By Battery (Sealed Lead Acid, Lithium-Ion); Technology (Battery, Plug-in); Range (Below 75 miles, 75-100 miles, Above 100 miles). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.

Purpose of the Report

The report Electric Motorcycle and Scooter Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:

• Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
• Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
• Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.

Electric Motorcycle and Scooter Market Segmentation

Battery

• Sealed Lead Acid
• Lithium-Ion

Technology

• Battery
• Plug-in

Range

• Below 75 miles
• 75-100 miles
• Above 100 miles

Geography

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South and Central America

Geography

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South and Central America

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Electric Motorcycle and Scooter Market Growth Drivers

• Rising Environmental Consciousness: The fundamental driver for this market is growing environmental consciousness along with the requirement for clean transportation alternatives. Consumers seek ecologically friendly alternatives to conventional vehicles in order to have an increasingly cleaner means of transporting themselves around, thus increasing adoption of electric scooters.
  
• Urbanization and Traffic Congestion: Rapid urbanization coupled with the subsequent traffic jam experienced in cities has made people seek more effective means of mobility. The electric scooters have been observed to offer a reasonable mode of moving through congested cities and have become the most preferred mode for short distances.
  
• Rising Fuel Costs: The increasing cost of gasoline and other fuels is pushing consumers towards more economical alternatives like electric motorcycles and scooters. These vehicles offer lower operating costs, as electricity is generally cheaper than gasoline, which makes EVs an appealing choice for urban commuters.

Electric Motorcycle and Scooter Market Future Trends

• Governmental support and incentives: Most of the Governments are making policies and incentives which encourage the use of electric vehicles including two-wheeled scooters. This support can take in many ways; for instance, subsidies, tax-breaks and infrastructure for charging, with all these opportunities arriving for manufacturers and service providers in the electric scooter market.
  
• Technological Advancements: Advances in battery technology and the efficiency of the electric motor always lead to more opportunities for innovation in the electric scooter market. Long-life batteries, high-speed charging cycles, and an improved performance level will draw more customers and expand the market further.

Electric Motorcycle and Scooter Market Opportunities

• Rise of Shared Mobility Services: The trend towards shared mobility services, such as electric scooter rentals and ride-sharing platforms, is gaining momentum. This model allows users to access scooters without the need for ownership, making it a convenient option for urban commuters and tourists.
  
• Charging Infrastructure Expansion: With increasing demand for electric motorcycles and scooters, there will be a need for an increased number of charging stations. Public and private expansion of charging networks offer great opportunities to increase the convenience for EV owners, wider adoption, and address range and availability concerns.

Electric Motorcycle and Scooter Market Regional Insights

The regional trends and factors influencing the Electric Motorcycle and Scooter Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Electric Motorcycle and Scooter Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Electric Motorcycle and Scooter Market Report Scope

Electric Motorcycle and Scooter Market Players Density: Understanding Its Impact on Business Dynamics

The Electric Motorcycle and Scooter Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Electric Motorcycle and Scooter Market are:

1. Energica Motor Company S.p.A.
2. GenZe by Mahindra
3. GOVECS AG
4. Hero Electric.
5. Jiangsu Xinri E-Vehicle Co.,Ltd

Disclaimer: The companies listed above are not ranked in any particular order.

Key Selling Points

• Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Electric Motorcycle and Scooter Market, providing a holistic landscape.
• Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
• Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
• Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.

The research report on the Electric Motorcycle and Scooter Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.