What is Electric Motorcycles & Scooters Market?
The electric motorcycles and scooters are powered by rechargeable batteries instead of fuel. Most of the electric motorcycles and scooters use lithium-ion batteries. The lithium-ion batteries used in electric vehicles have a higher energy density, longer life span and higher power density than most other batteries. In electric motorcycles, approximately 90% of the energy from the battery is converted to mechanical energy. These vehicles are charge from conventional power outlets or dedicated charging stations and it typically takes hours to charge. In the larger cities in the United Kingdom and Europe, owners of the vehicle can plug in their vehicles at work and leave them for a charge.
Highlights from Electric Motorcycles & Scooters Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Alta Motors (United States), Energica Motor Company S.p.A. (Italy), Hero Electric Vehicles Pvt. Ltd. (India), Honda Motor Company (Japan), Yadea Technology Group Co. Ltd. (China), BMW AG (Germany), Zero Motorcycles Inc. (United States), GOVECS Group (Germany), Mahindra GenZe (India) and Vmoto Limited (Australia) |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Research Analyst at AMA predicts that Global Vendors will contribute to the maximum growth of Global Electric Motorcycles & Scooters market throughout the forecasted period.
Alta Motors (United States), Energica Motor Company S.p.A. (Italy), Hero Electric Vehicles Pvt. Ltd. (India), Honda Motor Company (Japan), Yadea Technology Group Co. Ltd. (China), BMW AG (Germany), Zero Motorcycles Inc. (United States), GOVECS Group (Germany), Mahindra GenZe (India) and Vmoto Limited (Australia) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Emflux Motors (India), AIMA Technology Co. Ltd. (China) and Ampere Vehicles Pvt. Ltd. (India). Electric Motorcycles & Scooters Market Segmentation:
Scope | Sub-Segments |
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Type | Scooter and Motorcycle |
Power Source | Charging,Battery Swapping,Hybrid,Fuel Cell |
Battery | Lithium Ion,Lithium,Lithium Phosphate,Lithium Ion Phosphate,Lead Acid,Nickel Metal Hydride |
Voltage | 36 V,48 V,60 V,Others |
On the basis of geography, the market of Electric Motorcycles & Scooters has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Demand for Eco-friendly Vehicles and Increased Promotional Activities by the Manufacturers
Market Growth Drivers:
Increasing Awareness about Environmental Concerns among People, Government Incentives for Adoption of Electric Vehicles and Increased Disposable Income of the People in Developing Countries
Challenges:
Lack of Infrastructure for Battery Charging and Need To Increase Battery Life and Performance
Restraints:
Low Performance Compared To Petrol or Gas-Powered Vehicles and Charging a Battery Takes Longer Time
Opportunities:
Growing Demand for Electric Motorcycles and Scooters from Developing Countries like India and Increasing Adoption of Electric Vehicles
Key Target Audience
Electric Motorcycles and Scooters Manufacturers, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
Recently, Yadea Group Holdings, the largest electric two-wheeled vehicle producer in China, announced the global launch of new electric two-wheeled vehicle Yadea Z3S with smarter high-end technologies. The model is expected to serve as a trendsetter in the Chinese electric bike market in terms of high-end intelligent features and components.