Electric motorcycle and scooter market is anticipated to create favorable landscape during the forecast period owing to rising government investments on development of charging infrastructure. A developed charging infrastructure encourages adoption of emission free two wheelers. Asia Pacific markets, particularly India and China, are predicted to experience robust growth considering improving electrification and rapid economic development in past few years.
MARKET SCOPE
The "Global Electric Motorcycle and Scooter Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the electric motorcycle and scooter market with detailed market segmentation by battery, technology, range and geography. The report provides key statistics on the market status of the leading electric motorcycle and scooter market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on battery, the global electric motorcycle and scooter market is segmented into sealed lead acid and lithium-ion.
- On the basis of technology, the market is segmented into battery and plug-in.
- Based on range, the market is bifurcated into below 75 miles, 75-100 miles and above 100 miles.
MARKET DYNAMICS
Drivers:
- Increasing government encouragement in forms of grants and subsidies.
- Rising urbanization and increasing per capita disposable income to boost market growth of electric motorcycle and scooter.
- Stringent emission norms to drive the demand for electric motorcycle and scooter.
Restraints:
- High costs involved in manufacturing electric scooters and motorcycles.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The electric motorcycle and scooter market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the electric motorcycle and scooter market in these regions.
IMPACT OF COVID-19 ON ELECTRIC MOTORCYCLE AND SCOOTER MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. This pandemic restricted movement of people from one place to another. This has impacted the sales of electric motorcycles and scooters to a great extent.
MARKET PLAYERS
The report covers key developments in the electric motorcycle and scooter market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from electric motorcycle and scooter market are anticipated to lucrative growth opportunities in the future with the rising demand for vinegar in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the electric motorcycle and scooter market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Energica Motor Company S.p.A.
- GenZe by Mahindra
- GOVECS AG
- Hero Electric.
- Jiangsu Xinri E-Vehicle Co.,Ltd
- Niu International
- Piaggio and C. SpA
- Vmoto Limited
- Yadea Technology Group Co., Ltd
- Zero Motorcycles Inc.