Electric Scooter and Motorcycle Market Poised for Remarkable Growth

The global electric scooter and motorcycle market is experiencing unprecedented expansion, driven by increasing environmental awareness, technological advancements, and supportive government policies. In 2023, the market was valued at approximately USD 5.96 billion and is projected to reach USD 8 billion by 2030, reflecting a robust Compound Annual Growth Rate (CAGR) of 4.3% during the forecast period.

Market Dynamics

The surge in demand for electric two-wheelers is attributed to their efficiency, low operating costs, and reduced carbon footprint. Advancements in battery technology have significantly enhanced vehicle performance and affordability, making electric scooters and motorcycles increasingly viable for urban commuting. Government initiatives, including subsidies and infrastructure development programs, are further encouraging consumers to embrace electric mobility.

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Regional Insights into the Electric Scooter and Motorcycle Market:

The regional assessment phase of the Electric Scooter and Motorcycle market involved exhaustive primary research aimed at gathering, analyzing, and verifying vital regional and global data. This included examining market dynamics, predicting growth trajectories, identifying pivotal influencing factors, and ensuring statistical precision. A combination of top-down and bottom-up approaches, paired with multi-level validation strategies, was employed to scrutinize each market segment and sub-segment. This approach guarantees that the insights provided in the report are both dependable and actionable.

Electric Scooter and Motorcycle Market Segmentation Breakdown:

by Vehicle Type

Electric Scooters
Electric Motorcycles
Electric Mopeds
Electric Bicycles (E-Bikes)
Others

by Battery Type

Lithium-ion (Li-ion) batteries
Lead-acid batteries
Nickel-metal hydride (NiMH) batteries
Others

by Range

Less Than 75 Miles
75 Miles to 100 Miles
More Than 100 Miles

The market is divided into four segments based on the kind of vehicle: electric scooters, electric motorcycles, electric mopeds, electric bicycles (also known as e-bikes), and others. In 2023, electric scooters and motorcycles led the market, and this trend is anticipated to continue throughout the forecast period. Due to a number of variables, including price, environmental awareness, practicality, and widespread urban adoption, electric scooters have become the most popular vehicle type on the market.

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Table of Contents: Electric Scooter and Motorcycle Market

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Global Market Overview

Part 04: Market Size Analysis

Part 05: Segmentation by Product Type

Part 06: Competitive Landscape and Five Forces Analysis

Part 07: Consumer Behavior and Preferences

Part 08: Geographical Insights

Part 09: Strategic Decision Framework

Part 10: Key Drivers and Challenges

Part 11: Emerging Trends

Part 12: Vendor Overview

Part 13: Detailed Vendor Analysis

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Key Market Players and Strategies

The report includes a detailed analysis of the major market players, focusing on their strategies, product portfolios, and competitive positioning. It also highlights strategic alliances, mergers, acquisitions, and technological advancements shaping the competitive landscape.

Global
1. Niu Technologies (Beijing, China)
2. Gogoro (Taipei, Taiwan)
3. Segway-Ninebot (Beijing, China)
4. Xiaomi (Beijing, China)
5. Zero Motorcycles (Scotts Valley, California, USA)
North America
1. Harley-Davidson, Inc. (Milwaukee, Wisconsin, USA)
2. GenZe (Fremont, California, USA)
3. Vectrix Corporation (New Bedford, Massachusetts, USA)
Europe
1. Energica Motor Company (Modena, Italy)
2. Vespa (Pontedera, Italy)
Asia Pacific
1. Xiaomi (Beijing, China)
2. Hero Electric (New Delhi, India)
3. Evoke Motorcycles (Beijing, China)
4. Super Soco (Jiangsu, China)
5. Yadea Group Holdings Ltd. (Wuxi, China)
6. Revolt Motors (Gurugram, India)
7. Emflux Motors (Bengaluru, India)
8. Okinawa Autotech Pvt. Ltd (Gurugram, India)
9. Ampere Vehicles Pvt. Ltd. (Coimbatore, India)
10. Ather Energy (Bengaluru, India)
11. Mahindra Electric Mobility Ltd. (Bengaluru, India)
12. TVS Motor Company (Chennai, India)

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Key Market Insights and Trends

Critical Questions Addressed:

1. What is the Electric Scooter and Motorcycle market, and why is it significant?
2. What was the size of the Electric Scooter and Motorcycle market in 2023?
3. What is the forecasted growth rate for the Electric Scooter and Motorcycle market?
4. What key factors are driving market growth?
5. What are the major segments within the Electric Scooter and Motorcycle market?
6. Which strategies are companies adopting to strengthen their market position?
7. What innovative applications and emerging trends are anticipated in the market?
8. How can companies capitalize on recent industry trends to unlock new revenue streams?
9. Who are the prominent market leaders, and what does their portfolio include?
10. How is the market segmented geographically and by product type?

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