Global E-Scooter/Moped and E-Motorcycle Market, By Type (Sealed Lead Acid, Lithium-Ion), Distance Covered (Below 75 Miles, 75–100 Miles, Above 100 Miles), Vehicle Type (E-Scooter/Moped, E-Motorcycle), Voltage Type (36V, 48V, 60V, 72V), Technology Type (Plug- In, Battery) - Industry Trends and Forecast to 2029
Market Analysis and Size
Motorcycles have become one of the most preferred mode of transportation, especially among the middle-class population. Consumers are considering electronic bikes as an ideal substitute for smart cars, public transport and scooters. Around 200 million motorcycles are said to be in use around the world, or about 33 motorcycles per 1000 people. These bikes are highly beneficial in tackling traffic congestion as these bikes are smaller in size and attain higher speed.
Global E-Scooter/Moped and E-Motorcycle Market was valued at USD 53.59 billion in 2021 and is expected to reach USD 623.59 billion by 2029, registering a CAGR of 8.60% during the forecast period of 2022-2029. E-Motorcycle is expected to witness high growth in the vehicle type segment of the market owing to its suitable design to incorporate the electric propulsion system. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Market Definition
Electric scooters and motorcycles are plug in electric vehicles that usually have to two or three wheels. They use need battery to run and the electricity is usually stored on board in rechargeable battery. They have the ability to cover distance from below 75 miles to more than 100 miles. These electric vehicles are equipped with lithium-ion batteries and are rechargeable in nature. They are cost effective because they don’t run on fuel or petrol.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Forecast Period
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2022 - 2029
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Sealed Lead Acid, Lithium-Ion), Distance Covered (Below 75 Miles, 75–100 Miles, Above 100 Miles), Vehicle Type (E-Scooter/Moped, E-Motorcycle), Voltage Type (36V, 48V, 60V, 72V), Technology Type (Plug- In, Battery)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa
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Market Players Covered
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Hero Electric (India), Vmoto Limited (Australia), The Electrotherm Group, Inc. (India), Jiangsu Xinri E-Vehicle Co.,Ltd. (China), Energica Motor Company (Italy), Piaggio & C. SpA (Italy), Niu International. (US), Mahindra & Mahindra Ltd (India), H-D, AIMA TECHNOLOGY CO.,LTD (China), Avan Motors India (India), Cezeta (Prague), Dongguan Tailing Electric Vehicle Co., Ltd (China), GOVECS AG (Germany), Gogoro Inc. (Taiwan), Johammer e-mobility GmbH (Austria), Zhejiang Luyuan Electric Vehicle Co.,Ltd. (China), Zero Motorcycles, Inc. (US), Okinawa Autotech Pvt. Ltd (India), Shandong Incalcu Electric Vehicle Co.,Ltd (China), and Emflux Motors (India), among others
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Market Opportunities
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Scooter/Moped and E-Motorcycle Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Government Initiatives
The rise in the government initiatives to encourage the use of electric bikes acts as one of the major factor driving the growth of e-scooter/moped and e-motorcycle market. These bikes are being considered an eco-friendly and efficient solution for commute.
- Consumer Inclination towards Electric bikes
The rise in consumer inclination towards electric or e-bikes accelerate the market growth. These bikes are widely adopted as they are smaller in size, provide health benefits and offers higher speed with lesser effort. The surge in requirement of motorcycles for various purposes such as daily transport, and adventure, among others drives the market further.
- Tourism Sector
The expansion of tourism sector in the region further influence the market. The rise in number of tourists and congestion caused by the number further escalate the demand for e-scooter/moped and e-motorcycle.
Additionally, surge in investments, expansion of the automotive sector and increased disposable income positively affect the e-scooter/moped and e-motorcycle market.
Opportunities
Furthermore, the development of lightweight electrical energy storage systems extends profitable opportunities to the market players in 2022 to 2029. Also, trend towards connected e-bikes will further escalate the growth of e-bike market.
Restraints/Challenges faced by the Scooter/Moped and E-Motorcycle Market
On the other hand, high initial investments for installing EV fast charging infrastructure and lack of sufficient EV charging infrastructure are expected to obstruct market growth. Also, high cost of vehicles and insufficient standardization of EV charging infrastructure are projected to challenge the e-scooter/moped and e-motorcycle market in the forecast period of 2022-2029.
This e-scooter/moped and e-motorcycle market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the e-scooter/moped and e-motorcycle market contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
COVID-19 had a Major Impact on Scooter/Moped and E-Motorcycle Market
COVID-19 impacted the e-scooter/moped and e-motorcycle market as commuters were mostly avoiding public transportation. E-bikes and e-motorcycles are being deployed as a convenient, affordable and safe alternative to public transportation. Bikes were adopted as mode of day-to-day transportation due to the government restrictions on public transport, and social-distancing guidelines. The sales were slow in the initial pandemic stage, but the growth is expected to grow in the post-pandemic due to the easing on the restrictions.
Recent Developments
- In February 2019, Amego Electric Vehicles Inc. announced its partnership with Gazelle, a European cycle brand. Through this partnership Amego offered the e-bikes of Gazelle in North America. The new partnership has helped both companies in increasing their product portfolio.
Scooter/Moped and E-Motorcycle Market
The e-scooter/moped and e-motorcycle market is segmented on the basis of type, distance covered, vehicle type, voltage type and technology type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Sealed Lead Acid
- Lithium-Ion
Distance Covered
- Below 75 Miles
- 75–100 Miles
- Above 100 Miles
Vehicle Type
- E-Scooter/Moped
- E-Motorcycle
Voltage Type
- 36V
- 48V
- 60V
- 72V
Technology Type
- Plug- In
- Battery
Scooter/Moped and E-Motorcycle Market Regional Analysis/Insights
The -scooter/moped and e-motorcycle market is analyzed and market size insights and trends are provided by country, component, propulsion type, charging station type, class, power train, and vehicle type.
The countries covered in the -scooter/moped and e-motorcycle market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the -scooter/moped and e-motorcycle market because of the introduction of advanced technology along with rising number of research and development activities within the region.
Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 due to the prevalence of incentives in the form of subsidies from the government for the adoption of electric vehicle in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Scooter/Moped and E-Motorcycle Market Share Analysis
The -scooter/moped and e-motorcycle market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to -scooter/moped and e-motorcycle market.
Some of the major players operating in the -scooter/moped and e-motorcycle market are
- Hero Electric (India)
- Vmoto Limited (Australia)
- The Electrotherm Group, Inc. (India)
- Jiangsu Xinri E-Vehicle Co.,Ltd. (China)
- Energica Motor Company (Italy)
- Piaggio & C. SpA (Italy)
- Niu International. (US)
- Mahindra & Mahindra Ltd (India)
- H-D, AIMA TECHNOLOGY CO.,LTD (China)
- Avan Motors India (India)
- Cezeta (Prague)
- Dongguan Tailing Electric Vehicle Co., Ltd (China)
- GOVECS AG (Germany)
- Gogoro Inc. (Taiwan)
- Johammer e-mobility GmbH (Austria)
- Zhejiang Luyuan Electric Vehicle Co.,Ltd. (China)
- Zero Motorcycles, Inc. (US)
- Okinawa Autotech Pvt. Ltd (India)
- Shandong Incalcu Electric Vehicle Co.,Ltd (China)
- Emflux Motors (India)
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