News Contact Us

Electric Motorcycles & Scooters Market Growth Analysis, Outlook by 2020 – Trends, Opportunities and Forecast to 2026

Author : Ronak Bora | Published Date : 2020-09-16 

Top 3 trends influencing the global electric motorcycles and scooters market share over 2020-2026

The global electric motorcycles and scooters market is slated to observe immense growth due to the rising number of industry players in the sector and increasing consumer inclination towards battery-powered electric vehicles. Emerging companies like Gogoro, Pedego Electric Bikes, and Segway are making partnership deals with scooter-sharing firms to expand their presence and establish a strong foothold in the market.

In addition, the launch of new products with greater style and comfort is attracting a higher consumer attention towards the sector. Taking January 2020 for instance, a leading automotive giant in one of the world’s top two-wheelers market, Bajaj, launched its new electric scooter, Chetak, in India at a starting price of $1332.25. As with other India-focused vehicles, the scooter boasts of range of up to 60 miles on full charge. Considering the constantly rising fossil fuel prices in the region, the new scooter is expected to record major growth as consumers shift to electric means of transportation in the country.

Request sample copy of this report @ https://www.gminsights.com/request-sample/detail/218

According to a research report by Global Market Insights Inc., the global electric motorcycles and scooters market is likely to surpass a valuation of $40 billion by the end of 2026.

Following is a brief overview of major trends that are characterizing the global electric motorcycles and scooters market outlook:

Increasing adoption of 24V batteries in scooters

In terms of the voltage, 24V batteries are projected to observe a tremendous demand from the electric scooters sector over the coming years. These batteries offer shorter distance ranges that are optimum for day-to-day commutes travel across populated urban cities.

The product has a fewer number of cells, which reduces its weight and cost significantly, effectively increasing their adoption in daily commuter vehicle models. In addition, the ongoing expansion of electric scooter sharing services for commute in urban areas would propel the demand for 24V batteries over the coming years.

Request for customization @ https://www.gminsights.com/roc/218

Rising environmental concerns

With an aim to tackle the environmental concerns arising due to pollution, a number of global government organizations are actively promoting the use of electric vehicles, including motorcycles and scooters.

Several governments have rolled out favorable regulations and have started providing consumers substantial subsidies, incentives, and grants to promote the purchase of new electric scooters and motorcycles, which is likely to significantly help augment the overall market share.

Meanwhile, authorities across North America, Europe, and parts of the APAC are increasingly implementing stricter vehicular emission regulations and norms to control and effectively reduce their respective carbon footprints. These efforts are actively directing the consumers towards non fossil fuels based transportation, contributing heavily towards the adoption of electric motorcycles and scooters globally. 

Get In-depth table of contents @ https://www.gminsights.com/toc/detail/electric-motorcycles-and-scooters-market

Shifting industry conditions in Asia Pacific

The Asia Pacific electric motorcycles and scooters market is slated to foresee heavy growth over the coming years due to the growing environmental concerns in the region. Rapidly growing levels of carbon emissions is creating an immense need for eco-friendly transportation solutions across countries like China and India.

The APAC is also home to the world’s largest two-wheeler market with India, Vietnam, and China leading the charge. Considering its potential, several market players are actively looking to consolidate their presence in the regional market. In fact, emerging manufacturers like Ultraviolette Automotive and Emflux are foraying into India, which is likely to majorly impact the regional market outlook through the projected timeframe    .

Meanwhile, in other regional markets that do not have as flourishing of a two-wheeler industry as APAC, major industry players are implementing different strategies such as collaborations and acquisitions to bring in revenues from the market. Taking January 2020 for instance, renowned electric scooter company, Bird, reportedly announced the acquisition of its rival Circ for an undisclosed amount. The acquisition would allow Bird to stake a bigger claim of the Europe micromobility market.

The competitive landscape of the global electric motorcycles and scooters market is inclusive of players such as Z Electric Vehicle, Zero Motorcycles, Govecs Group, KTM, Energica Motor Company, Lightning Motorcycles, Mahindra GenZe, Shandong Incalcu Electric Vehicle, Amper Vehicles, and Harley Davidson among others. 

Report Content

Chapter 1.   Methodology and Scope

1.1.  Methodology

1.1.1. Initial data exploration

1.1.2. Statistical model and forecast

1.1.3. Industry insights and validation

1.1.4. Scope, definition and forecast parameters    Definitions    Assumptions, methodology and forecast parameters

1.2.  Data Sources

1.2.1. Secondary

1.2.2. Primary

Chapter 2.   Executive Summary

2.1.  Electric motorcycles & scooters industry 360° synopsis, 2016 – 2026

2.1.1. Business trends

2.1.2. Regional trends

2.1.3. Product trends

2.1.4. Battery trends

2.1.5. Voltage trends

Chapter 3.   Industry Insights

3.1.  Industry segmentation

3.2.  Impact of COVID-19 on electric motorcycles & scooters industry landscape

3.2.1. Global outlook

3.2.2. Regional impact    North America    Europe    Asia Pacific    Latin America    MEA

3.2.3. Industry value chain    Research & development    Manufacturing    marketing    Supply

3.2.4. Competitive landscape    Strategy    Distribution network    Business growth

3.3.  Industry ecosystem analysis

3.3.1. Component suppliers

3.3.2. Technology providers

3.3.3. Manufacturers

3.3.4. End use landscape

3.3.5. Distribution channel analysis

3.3.6. Vendor matrix

3.4.  Technology & innovation landscape

3.5.  Regulatory landscape

3.5.1. International standards

3.5.2. North America

3.5.3. Europe

3.5.4. Asia Pacific

3.5.5. Latin America

3.5.6. MEA

3.6.  Electric vehicle sales

3.6.1. U.S.

3.6.2. Germany

3.6.3. UK

3.6.4. France

3.6.5. China

3.6.6. India

3.7.  E-motor industry outlook

3.7.1. E-motor production statistics (2016 – 2019)

3.7.2. Motorcycle spare parts industry outlook

3.8.  Industry impact forces

3.8.1. Growth drivers    Increasing government subsidies and support to promote electric mobility across the globe    Strict emission regulations in North America    Presence of several electric vehicle manufacturers in Europe and North America    Rising pollution levels due to harmful vehicular emissions Asia Pacific    Increasing awareness related to alternative fuels in LATAM & MEA

3.8.2. Industry pitfalls & challenges    High initial cost of electric motorcycles & scooters    Lack of charging infrastructure

3.9.  Growth potential analysis

3.10.    Porter's analysis

3.10.1.  Supplier power

3.10.2.  Buyer power

3.10.3.  Threat of new entrants

3.10.4.  Threat of substitutes

3.10.5.  Internal rivalry

3.11.    PESTEL analysis



About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

Related News

Positron Emission Tomography Market To Witnessed An Appreciable Growth By 2026

Published Date: 2020-11-30         Author: Ronak Bora

Tentatively called ‘Global Positron Emission Tomography Market Research Report’, has compiled the report having undertaken extensive research and providing an in-depth evaluation of the global market. The report is basically inclusive of a detailed study of this market in combination wit... Read More

Medical Imaging Workstations Market Is Predicted to Witness A Massive Growth Up To 2026

Published Date: 2020-11-30         Author: Ronak Bora

An inherent blend of vital market definitions, the medical imaging workstations market report comprises details pertaining to the overall scope of the industry, pivotal insights, and parameters such as the industry ecosystem analysis, growth drivers responsible for fueling the commercialization matr... Read More

Surgical Devices Market Revenue & Regional Analysis Forecast to 2026

Published Date: 2020-11-30         Author: Ronak Bora

The research report on surgical devices market, in substance, presents an exclusive understanding of the vast expanse of the business space in question. The report comprises a gist of the industry by means of providing an executive summary, industry insights, industry ecosystem analysis, market segm... Read More

© 2020 Fractovia. All Rights Reserved