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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Electric Scooter and Motorcycle Market Share
Battery technology predominates as the primary power source in the electric scooter and motorcycle market.
These vehicles rely on rechargeable batteries, typically lithium-ion, to store electrical energy used to power electric motors. Battery-powered models offer several advantages over their plug-in counterparts. They provide an adequate range for urban commuting and short trips, and charging them is convenient, whether at home or using public charging stations, thus aiding the growth of the electric scooter and motorcycle industry.
Moreover, electric scooters and motorcycles are environmentally friendly, producing zero emissions during operation, which helps reduce air pollution in urban areas. They also boast lower maintenance costs due to fewer moving parts compared to traditional gasoline-powered vehicles. Another benefit is their quiet operation, making them suitable for use in noise-sensitive environments.
Meanwhile plug-in electric scooters and motorcycles typically use a power cord that plugs into a standard electrical outlet or a specialized charging station. This direct connection allows for faster charging times compared to battery-powered models, as there is no need to wait for onboard batteries to charge. It also eliminates the need to carry heavy batteries and potentially increases its range or performance.
These vehicles are often preferred in situations where continuous operation is required, such as delivery services or fleets, where quick turnaround times for charging are essential. They may also be used in applications where infrastructure supports frequent and convenient access to charging stations.
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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