Global Electric Scooter and Motorcycle Market Set to Surge at a CAGR of 32% Over 2022-2027
The Global Electric Scooter and Motorcycle Market is projected to experience unprecedented growth, achieving a compound annual growth rate (CAGR) of approximately 32% from 2022 to 2027. This surge is driven by increasing awareness of environmental concerns, rapid technological advancements, and the growing demand for eco-friendly personal transportation solutions.
Scope of the Report
The report delivers an in-depth analysis of the Global Electric Scooter and Motorcycle Market, covering market size, dynamics, growth trends, and future forecasts from 2022 to 2027. It also delineates key market segments based on vehicle type, battery type, distance covered, technology, and usage. The geographical segmentation encompasses North America, South America, Europe, the Middle East & Africa, and Asia-Pacific, providing granular insights into diverse regional markets.
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Global Electric Scooter and Motorcycle Market Segmentation Breakdown:
The global electric scooter and motorcycle market can be segmented as follows:
By Vehicle Type:
- Electric Scooters
- Electric Motorcycles
- Between the two, Lithium-ion batteries are anticipated to significantly contribute to the global expansion of the Electric Scooter and Motorcycle Market during 2022-27. It attributes principally to the mounting awareness among electric scooters & motorcycle owners about the benefits of these batteries, like faster charging, high energy storage capacity, and greater durability than others. It, in turn, is augmenting the demand for electric two-wheelers exhibiting these batteries and boosting the market growth.
By Battery Type:
- Sealed Lead Acid
- Lithium-Ion
By Distance Covered:
- Below 75 Miles
- 75-100 Miles
- Above 100 Miles
By Technology:
- Plug-In
- Battery
By Usage:
- Commercial
- Private
By Voltage:
- 36V
- 48V
- 60V
- 72V
- Above 72V
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Global Electric Scooter and Motorcycle Market Regional Analysis
The market exhibits diverse growth patterns across various regions:
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
Of all regions globally, Asia-Pacific is anticipated to dominate the Electric Scooter and Motorcycle Market with the largest share during 2022-27. It owes principally to the numerous government efforts toward bringing environmental sustainability, i.e., demonstrating an active setup of electric vehicle charging infrastructure across different countries, especially China, India, & Japan.
Global Electric Scooter and Motorcycle Market Key Players
The global electric scooter and motorcycle market is characterized by high competition, with several key players leading the charge:
- Alta Motors
- Aima Technology Group Co., Ltd.
- Ampere by Greaves Electric Mobility
- Ather Energy
- Bajaj Auto Ltd.
- BMW Motorrad International
- Energica Motor Company
- Hero Electric
- Niu Technologies
- Ola Electric Mobility
- Others
Frequently Asked Questions
- What are the main growth drivers shaping the electric scooter and motorcycle market from 2022 to 2027?
- How will technological advances in battery types influence market dynamics?
- Which regions are likely to see the highest adoption rates for electric scooters and motorcycles?
- What are the key challenges faced by manufacturers in the electric scooter and motorcycle market?
- How does the competition landscape look among key players in this market?
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