Electric Motorcycles & Scooters Market Revenue to Cross USD 40B by 2026: Global Market Insights, Inc.
Major electric motorcycles & scooters market players include Harley Davidson, Amper Vehicles, Shandong Incalcu Electric Vehicle Co. Ltd., Mahindra GenZe, Lightning Motorcycles, Energica Motor Company S.p.A, KTM, Govecs Group, Zero Motorcycles, Z Electric Vehicle.
SELBYVILLE, Del., June 18, 2020 (Newswire.com) - According to the latest report “Electric Motorcycles & Scooters Market by Product (Motorcycles, Scooters), Battery (SLA, Li-ion), Voltage (24V, 36V, 48V), Regional Outlook, Price Trends, Competitive Market Share & Forecast 2026”, by Global Market Insights, Inc., the market valuation of electric motorcycles & scooters will cross $40 billion by 2026. The market growth is owing to a growing number of emerging players in the industry. Emerging players, such as Segway, Pedego Electric Bikes, and Gogoro are establishing partnerships with scooter sharing companies to increase their market share.
Electric motorcycles are anticipated to witness a high demand over the coming years due to the development of enhanced battery and powertrain technologies. These new developments provide superior engine performance and high speeds to electric motorcycles, augmenting their market share. The increasing demand for efficient long-range, low-noise transport solutions is one of the major factors driving the electric motorcycle segment's growth. Additionally, subsidies and grants provided by governments on the purchase of electric motorcycles are driving its demand in the market.
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24V batteries are expected to witness higher adoption in electric scooters compared to electric motorcycles. These batteries provide short distance ranges that are ideal for day-to-day commute in populated urban cities. 24V batteries contain a smaller number of cells, thereby reducing their cost and weight. The proliferation of electric scooter sharing services for urban mobility will drive the electric motorcycles & scooters market demand for 24V batteries.
The increasing carbon emission concerns in the Asia-Pacific are creating a huge demand for environmentally friendly transportation solutions in countries including India and China. Moreover, the emergence of several electric motorcycle & scooter manufacturers, such as Emflux and Ultraviolette Automotive Pvt. Ltd., in India will drive the regional market growth during the forecast timeline.
Key players operating in the electric motorcycles & scooters market include Harley Davidson, Amper Vehicles, Shandong Incalcu Electric Vehicle Co. Ltd., Mahindra GenZe, Lightning Motorcycles, Energica Motor Company S.p.A, KTM, Govecs Group, Zero Motorcycles, Z Electric Vehicle. Manufacturers are focusing on strategic collaborations with technology providers and other industry players to enhance the performance of their motorcycle & scooter models.
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Some major findings in the electric motorcycles & scooters market report include:
- Rising concerns related to harmful effects of vehicle emissions will support the adoption of environment-friendly electric motorcycles & scooters. Electric two-wheelers significantly reduce harmful emissions of carbon dioxide (CO2), carbon monoxide (CO), and nitrogen oxide (NOx), thereby reducing the air pollution.
- Governments across the globe are offering significant subsidies, grants, and incentives on the purchase of new electric motorcycles & scooters to promote e-mobility, providing a positive outlook to market growth.
- Implementation of stringent vehicular emission norms by several countries including the U.S., Canada, Japan, and China is supporting the large-scale adoption of electric motorcycles & scooters for routine commutes.
Table of Contents (ToC) of the report:
Chapter 3. Electric Motorcycles & Scooters Market Insights
3.1. Industry segmentation
3.2. Impact of COVID-19 on industry landscape
3.2.1. Global outlook
3.2.2. Regional impact
22.214.171.124. North America
126.96.36.199. Asia Pacific
188.8.131.52. Latin America
3.2.3. Industry value chain
184.108.40.206. Research & development
3.2.4. Competitive landscape
220.127.116.11. Distribution network
18.104.22.168. Business growth
3.3. Industry ecosystem analysis
3.3.1. Component suppliers
3.3.2. Technology providers
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
3.6. Electric vehicle sales
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
3.8.2. Industry pitfalls & challenges
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
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About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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Source: Global Market Insights, Inc.