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Electric Motorcycles & Scooters Market - Industry Growth Analysis & Forecast By 2026

Author : Ronak Bora | Published Date : 2020-09-14 

The electric motorcycles & scooters market is projected to witness exponential growth in coming years due to their low operational and maintenance costs, increasing battery ranges and decreasing battery prices. An electric motorcycle or scooter is driven by an electrical engine, instead of a conventional ICE engine, unlike most traditional motorcycles. These vehicles are powered by a rechargeable battery as well as electric motors.

The design of electric motorcycle and scooter utilized two or either three-wheel layouts and are specially used for long distance travel, cruising, and commuting. Today, there are numerous specialist electric motorcycle companies as well as various conventional motorcycle manufacturers who have innovated a wide range of new electric scooters or bikes which are yet to be launched.

There are numerous benefits associated with electric motorcycles and scooters, which makes it an ideal choice against other alternatives. An electric motor has instant torque and power, meaning rapid speed in comparison to fuel powered bikes. These electric motorcycles are also more comfortable in a lot of ways; they do not vibrate like gas bikes, which means the bike will not shake while riding or while at a stop.

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Electric engines also eliminate a major point of contention when it comes to two wheelers in general; the instability that is created by the engine vibrations while driving at high speeds. Consequently, these motorcycles have become synonymous with comfortable ride quality in traffic or other urban situations.

Just like electric motorcycles, electric scooters too have benefits making it an ideal choice against others. These are considered to be eco-friendly since they tend to use only a small amount of electricity in comparison to its alternatives.

Electric scoters are also affordable and reliable, and they offer a better perception of control than their high-powered counterparts, making the rider feel safe as well as secure at the time of riding. This is increasing their popularity among first-time riders, creating a new revenue pocket for the industry.

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The electric motorcycles & scooters market is segmented in terms of product, battery type, voltage, and regional landscape.

Based on product, the electric motorcycles & scooters market is classified into scooters and motorcycles. Among these, the electric scooters are likely to witness immense growth in coming years. The projected growth is being attributed to their growing demand, which is being fueled by their high adoption in urban mobility solutions. These have now become a symbol of present-day urban transport.

With respect to battery type, the electric motorcycles & scooters market is divided into Li-ion and SLA. Among these, the Li-ion battery segment is anticipated to witness a CAGR of over 4% over the forecast timeframe due to their short charging cycles.

In terms of voltage, the electric motorcycles & scooters market is bifurcated into 48V, 36V, and 24V. Among these, 48V voltage segment is expected to grow at a CAGR of over 5% owing to these vehicles' high performance capabilities.

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From a regional frame of reference, Latin America electric motorcycles & scooters market will witness remunerative growth owing to increasing consumer awareness and the entry of several industry players in the region.

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

1.1.4.1.    Definitions

1.1.4.2.    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

3.2.2.1.    North America

3.2.2.2.    Europe

3.2.2.3.    Asia Pacific

3.2.2.4.    Latin America

3.2.2.5.    MEA

3.2.3. Industry value chain

3.2.3.1.    Research & development

3.2.3.2.    Manufacturing

3.2.3.3.    marketing

3.2.3.4.    Supply

3.2.4. Competitive landscape

3.2.4.1.    Strategy

3.2.4.2.    Distribution network

3.2.4.3.    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

3.8.1.1.    Increasing government subsidies and support to promote electric mobility across the globe

3.8.1.2.    Strict emission regulations in North America

3.8.1.3.    Presence of several electric vehicle manufacturers in Europe and North America

3.8.1.4.    Rising pollution levels due to harmful vehicular emissions Asia Pacific

3.8.1.5.    Increasing awareness related to alternative fuels in LATAM & MEA

3.8.2. Industry pitfalls & challenges

3.8.2.1.    High initial cost of electric motorcycles & scooters

3.8.2.2.    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

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