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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Electric Scooter and Motorcycle Market Growth
Electric scooters and motorcycles are widely used due to their eco-friendly nature, offering zero emissions, and reducing environmental impact. They also provide cost savings with lower fuel and maintenance expenses compared to traditional vehicles. Advances in battery technology have improved range and charging times, making them more practical for urban commuting and daily use, thus propelling the electric scooter and motorcycle demand growth.
According to the Australian Bureau of Statistics (ABS), in 2022 the registration of hybrid electric motorcycles has been estimated to be 125; battery electric motorcycles have increased to 4,991 from the previous year, stimulating the market growth.
Electric Scooter and Motorcycle Market Report Snapshots
Electric Scooter and Motorcycle Market Size
Electric Scooter and Motorcycle Market Growth
Electric Scooter and Motorcycle Market Trends
Electric Scooter and Motorcycle Market Share
Electric Scooter and Motorcycle Companies
Electric Scooter and Motorcycle Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The electric scooter and motorcycle market attained a volume of 1697.67 thousand units in 2023.
The market is projected to grow at a CAGR of 35% between 2024 and 2032.
The volume of the electric scooter and motorcycle market is expected to reach 25,285.23 thousand units in 2032.
The major drivers expected to aid market growth are the rising opportunities for OEMs, increased importance on switch from fossil-fuel based to electric vehicles, rapid urbanisation, rising demand from developing regions, and increasing disposable incomes.
The key trends guiding the growth of the market include the increased spending by various governments to improve charging infrastructure and buyers’ rewards.
The market is broken down into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
The major products of electric scooter and motorcycle in the market are scooter and motorcycle.
Based on the battery type, the market is divided into sealed lead acid (SLA), Li-ion, and Ni-MH.
The market is categorised according to the technology, which includes plug-in and battery.
The significant voltages of electric scooter and motorcycle are 36 V, 48 V, and 60 V, among others.
The market key players are Yadea Technology Group Co., Ltd., Bayerische Motoren Werke Aktiengesellschaft, Terra Motors Corporation, Greaves Cotton Limited, Energica Motor Company S.p.A., and Zero Motorcycles, Inc., among others.
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