Electric Motorcycles & Scooters Market Technological Advancement And Growth Analysis With Forecast To 2027
Global electric motorcycles & scooters market size will cross the USD 40 billion mark by 2026; Electric motorcycles are experiencing high demand on account of the advancement in battery and powertrain technologies. The technological developments are offering superior engine performance as well as high, controlled speeds to electric motorcycles. Growing demand for efficient, low noise and long range transport solutions is one of the key factors fueling the demand for electric motorcycles. In addition, grants and subsidies provided by governments on the purchase of electric motorcycles will further boost product sales in the coming years.
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Rising concerns pertaining to harmful effect of vehicle emissions along with the imposition of strict regulations by environment agencies will drive global electric motorcycle & scooters market. Consumers are getting increasingly aware of the fact that the adoption of electric two-wheelers can significantly reduce harmful emissions of carbon dioxide, carbon monoxide, nitrogen oxide and other harmful effluents, which in turn can aid in reducing the air pollution.
The e-mobility trend is on rise. In the third quarter of 2019, around 45 EV companies across the world showed a total fund raising of USD 2.7 billion. However, the COVID-19 outbreak has led to a slowdown in electric motorcycles & scooters market growth in 2020. Shortage of raw materials, labor and restrictions on movement have led to a temporary shutdown of many automobile manufacturing facilities, globally.
24V batteries are likely to witness higher adoption in electric scooters as they provide short distance ranges that are ideal for daily commute in densely-populated urban cities. These batteries contain a smaller number of cells, due to which they are light-weight and cost-effective. Rising trend of electric scooter sharing services in cities will drive the demand for 24V batteries.
The alarming levels of carbon emission in Asia Pacific region is creating a huge demand for environment friendly mode of transportation. This has led to increased adoption of e-mobility solutions in Asian countries including China and India. In addition, the emergence of several electric motorcycle & scooter manufacturers including Ultraviolette Automotive Pvt. Ltd., and Emflux and in India will boost regional industry growth over the analysis period.
Major producers and developers of electric motorcycles & scooters market include Amper Vehicles, Harley Davidson, Shandong Incalcu Electric Vehicle, Lightning Motorcycles, Mahindra GenZe, Energica Motor Company S.p.A, Govecs Group, KTM, Z Electric Vehicle and Zero Motorcycles, among others.
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Partial Chapter of the Table of Content
Chapter 4 Competitive Landscape,
4.1 Introduction
4.2 Company market share analysis, 2020
4.3 Competitive analysis of key market players
4.3.1 Energica Motor Company S p A
4.3.2 Hero Electric
4.3.3 Niu Technologies
4.3.4 SUNRA
4.3.5 Vmoto Limited
4.3.6 Yadea Technology Group Co Ltd
4.3.7 Zero Electric Motorcycles
Chapter 5 Electric Motorcycles & Scooters Market, By Product
5.1 Key trends by products
5.2 Electric Motorcycles
5.2.1 market estimates and forecast, 2017 – 2027
5.3 Electric Scooters
5.3.1 market estimates and forecast, 2017 – 2027
Chapter 6 Electric Motorcycles & Scooters Market, By Battery
6.1 Key trends by battery
6.2 SLA
6.2.1 market estimates and forecast, 2017 – 2027
6.3 Li-ion
6.3.1 market estimates and forecast, 2017 – 2027
Chapter 7 Electric Motorcycles & Scooters Market, By Voltage
7.1 Key trends by voltage
7.2 24V
7.2.1 market estimates and forecast, 2017 – 2027
7.3 36V
7.3.1 market estimates and forecast, 2017 – 2027
7.4 48V
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