The global electric motorcycles and scooters market is anticipated to grow at a CAGR of around 5.0% during the forecast period 2021 to 2028 and to reach around US$ 44.1 Bn by 2028.
Report coverage
| Market |
Electric Motorcycles and Scooters Market |
| Analysis Period |
2017 - 2028 |
| Base Year |
2020 |
| Forecast Data |
2021 - 2028 |
| Segments Covered |
By Product, By Battery, By Voltage and By Region |
| Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled |
Lightning Motorcycles, Ampere Vehicles, Harley Davidson, Mahindra GenZe, Z Electric Vehicle, Zero Motorcycles, Hero Electric, Yadea Technology Co. Ltd., KTM, and Tailing Electric Vehicle Co. Ltd. |
Report Coverage
|
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
| Customization Scope |
10 hrs of free customization and expert consultation |
Market Dynamics
Rapid technological advancements in automotive sector, skyrocketing fuel prices is resulting in industry inclination towards alternative power source for the vehicle. This is major factor expected to drive the growth of global electric motorcycles and scooters market. The government of developed countries is adopting eco-friendly approach towards saving the environment from are and noise pollution. Favorable business policies by the government and availability of advanced infrastructure in the country are factors expected to increase the adoption of scooters among consumers further impacting the growth of target market.
Rising environment concern government of developed and developing countries along with auto manufacturer are focused on implementing cost-effective and eco-friendly solutions to lower the pollution problem. Swift inclination towards adoption of electric technology to power vehicles is gaining traction. Development of electric scooters for short and medium travel distance with advanced features such as GPS, USB charging, etc. is adding value to the target market. Major players are investing high for the development of new products with focus to attract new customers this is expected to augment the growth of global electric motorcycles & scooters market.
• In 2021, Honda, a global automotive manufacturing company announced that in the coming years the company is expected to launch four new models of electric motorcycles. CB125R with an electric powertrain and Honda Grom motorcycle sporting an electric conversion are the two patients reveled by the company.
• In 2021, Harley-Davidson, a motorcycle manufacturing company launched “LiveWire electric motorcycle.” The product launch is expected to help company enhance the business and increase the customer base.
• In 2021, Ola, a multinational ride-sharing company, launched its first ever electric scooter “Ola Electric”. The scooter is a leading innovation including the motor, the battery, the vehicle computer, and several other advanced features through innovative software. The product launch is expected to help company enhance the customer base and increase the revenue share.
Factors such as high cost of vehicles and lack of developed charging infrastructure in developing countries are factors expected to hamper the growth of global electric motorcycles & scooters market. In addition, high initial investment and concern related to distance and maintenance is expected to challenge the growth of target market. However, rising awareness activities by the government, introduction of new advanced low-cost vehicle models, and increasing investment by major players are factors expected to create new opportunities for players operating in the electric motorcycles & scooters market over the forecast period. In addition, increasing partnership activities by players is expected to support the revenue transaction of the target market.
Segment Analysis by Region
The market in Asia Pacific is expected to witness faster growth in the target market due to increasing government spending on establishment of developed electric infrastructure. The government of developing countries is spending high on electrical infrastructure in order to facilitate the adoption of electric vehicles. In addition, introduction of new vehicle policies and availability of various schemes is attracting consumers for buying electric motorcycles these factors are expected to augment the growth of electric motorcycles & scooters market. Enterprises approach towards enhancing the business in emerging economies and presence of major scooter manufacturer operating in the country such as India, China, and Japan the region is expected to witness noticeable growth.
Competitive Landscape
The global electric motorcycles and scooters market is highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.
Electric Motorcycles and Scooters Market Segment Analysis, 2020
The global electric motorcycles & scooters market is segmented into product, battery and voltage. The product segment is divided into motorcycles and scooters. Among product the scooters segment is expected to account for noticeable revenue share in the global electric motorcycles & scooters market. The voltage segment is divided into 24V, 36V, 48V, and others. Among voltage the 48V segment is expected to account for significant revenue share in target market. Players operating in the global electric motorcycles & scooters market are Lightning Motorcycles, Ampere Vehicles, Harley Davidson, Mahindra GenZe, Z Electric Vehicle, Zero Motorcycles, Hero Electric, Yadea Technology Co. Ltd., KTM, and Tailing Electric Vehicle Co. Ltd.
Market Segmentation
Market By Product
Motorcycles
Scooters
Market By Battery
SLA
Li-ion
Market By Voltage
24V
36V
48V
Others
Market By Geography
North America
• U.S.
• Canada
Europe
• U.K.
• Germany
• France
• Spain
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific
Latin America
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa
• GCC
• South Africa
• Rest of Middle East & Africa
CHAPTER 1. Industry Overview of Electric Motorcycles and Scooters
1.1. Definition and Scope
1.1.1. Definition of Electric Motorcycles and Scooters
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Electric Motorcycles and Scooters Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Electric Motorcycles and Scooters Market By Product
1.2.3. Electric Motorcycles and Scooters Market By Battery
1.2.4. Electric Motorcycles and Scooters Market By Voltage
1.2.5. Electric Motorcycles and Scooters Market by Regions
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restrain 1
3.2.2. Restrain 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Electric Motorcycles and Scooters Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Electric Motorcycles and Scooters Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Cost Structure Analysis
3.8.1. Price Trend of Key Raw Materials
3.8.2. Raw Material Suppliers
3.8.3. Proportion of Manufacturing Cost Structure
3.8.3.1. Raw Material
3.8.3.2. Labor Cost
3.8.3.3. Manufacturing Expense
3.9. Regulatory Compliance
3.10. Competitive Landscape, 2020
3.10.1. Player Positioning Analysis
3.10.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Manufacturing Plant Analysis
4.1. Manufacturing Plant Location and Establish Date of Major Manufacturers in 2020
4.2. R&D Status and Application Source of Electric Motorcycles and Scooters Major Manufacturers in 2020
CHAPTER 5. Electric Motorcycles and Scooters Market By Product
5.1. Introduction
5.2. Electric Motorcycles and Scooters Revenue By Product
5.2.1. Electric Motorcycles and Scooters Revenue (US$ Mn) and Forecast, By Product, 2017-2028
5.2.2. Motorcycles
5.2.2.1. Motorcycles Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
5.2.3. Scooters
5.2.3.1. Scooters Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
CHAPTER 6. Electric Motorcycles and Scooters Market Revenue By Battery
6.1. Introduction
6.2. Electric Motorcycles and Scooters Revenue (US$ Mn) By Battery
6.2.1. Electric Motorcycles and Scooters Revenue (US$ Mn) and Forecast By Battery, 2017 - 2028
6.2.2. SLA
6.2.2.1. SLA Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
6.2.3. Li-ion
6.2.3.1. Li-ion Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
CHAPTER 7. Electric Motorcycles and Scooters Market By Voltage
7.1. Introduction
7.2. Electric Motorcycles and Scooters Revenue (US$ Mn) By Voltage
7.2.1. Electric Motorcycles and Scooters Revenue (US$ Mn) and Forecast By Voltage, 2017 - 2028
7.2.2. 24V
7.2.2.1. 24V Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
7.2.3. 36V
7.2.3.1. 36V Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
7.2.4. 48V
7.2.4.1. 48V Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
7.2.5. Others
7.2.5.1. Others Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
CHAPTER 8. North America Electric Motorcycles and Scooters Market By Country
8.1. North America Electric Motorcycles and Scooters Overview
8.2. U.S.
8.2.1. U.S. Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Product, 2017-2028
8.2.2. U.S. Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Battery, 2017-2028
8.2.3. U.S. Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Voltage, 2017-2028
8.3. Canada
8.3.1. Canada Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Product, 2017-2028
8.3.2. Canada Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Battery, 2017-2028
8.3.3. Canada Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Voltage, 2017-2028
8.4. North America PEST Analysis
CHAPTER 9. Europe Electric Motorcycles and Scooters Market By Country
9.1. Europe Electric Motorcycles and Scooters Market Overview
9.2. U.K.
9.2.1. U.K. Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Product, 2017-2028
9.2.2. U.K. Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Battery, 2017-2028
9.2.3. U.K. Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Voltage, 2017-2028
9.3. Germany
9.3.1. Germany Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Product, 2017-2028
9.3.2. Germany Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Battery, 2017-2028
9.3.3. Germany Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Voltage, 2017-2028
9.4. France
9.4.1. France Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Product, 2017-2028
9.4.2. France Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Battery, 2017-2028
9.4.3. France Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Voltage, 2017-2028
9.5. Spain
9.5.1. Spain Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Product, 2017-2028
9.5.2. Spain Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Battery, 2017-2028
9.5.3. Spain Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Voltage, 2017-2028
9.6. Rest of Europe
9.6.1. Rest of Europe Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Product, 2017-2028
9.6.2. Rest of Europe Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Battery, 2017-2028
9.6.3. Rest of Europe Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Voltage, 2017-2028
9.7. Europe PEST Analysis
CHAPTER 10. Asia Pacific Electric Motorcycles and Scooters Market By Country
10.1. Asia Pacific Electric Motorcycles and Scooters Market Overview
10.2. China
10.2.1. China Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Product, 2017 - 2028
10.2.2. China Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Battery, 2017 - 2028
10.2.3. China Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Voltage, 2017 - 2028
10.3. Japan
10.3.1. Japan Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Product, 2017 - 2028
10.3.2. Japan Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Battery, 2017 - 2028
10.3.3. Japan Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Voltage, 2017 - 2028
10.4. India
10.4.1. India Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Product, 2017 - 2028
10.4.2. India Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Battery, 2017 - 2028
10.4.3. India Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Voltage, 2017 - 2028
10.5. Australia
10.5.1. Australia Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Product, 2017 - 2028
10.5.2. Australia Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Battery, 2017 - 2028
10.5.3. Australia Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Voltage, 2017 - 2028
10.6. South Korea
10.6.1. South Korea Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Product, 2017 - 2028
10.6.2. South Korea Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Battery, 2017 - 2028
10.6.3. South Korea Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Voltage, 2017 - 2028
10.7. Rest of Asia-Pacific
10.7.1. Rest of Asia-Pacific Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Product, 2017 - 2028
10.7.2. Rest of Asia-Pacific Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Battery, 2017 - 2028
10.7.3. Rest of Asia-Pacific Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Voltage, 2017 - 2028
10.8. Asia Pacific PEST Analysis
CHAPTER 11. Latin America Electric Motorcycles and Scooters Market By Country
11.1. Latin America Electric Motorcycles and Scooters Market Overview
11.2. Brazil
11.2.1. Brazil Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Product, 2017 - 2028
11.2.2. Brazil Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Battery, 2017 - 2028
11.2.3. Brazil Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Voltage, 2017 - 2028
11.3. Mexico
11.3.1. Mexico Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Product, 2017 - 2028
11.3.2. Mexico Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Battery, 2017 - 2028
11.3.3. Mexico Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Voltage, 2017 - 2028
11.4. Rest of Latin America
11.4.1. Rest of Latin America Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Product, 2017 - 2028
11.4.2. Rest of Latin America Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Battery, 2017 - 2028
CHAPTER 12. Middle East & Africa Electric Motorcycles and Scooters Market By Country
12.1. Middle East & Africa Electric Motorcycles and Scooters Market Overview
12.2. Saudi Arabia
12.2.1. Saudi Arabia Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Product, 2017 - 2028
12.2.2. Saudi Arabia Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Battery, 2017 - 2028
12.2.3. Saudi Arabia Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Voltage, 2017 - 2028
12.3. UAE
12.3.1. UAE Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Product, 2017 - 2028
12.3.2. UAE Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Battery, 2017 - 2028
12.3.3. UAE Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Voltage, 2017 - 2028
12.4. Rest of Middle East & Africa
12.4.1. Rest of Middle East & Africa Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Product, 2017 - 2028
12.4.2. Rest of Middle East & Africa Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Battery, 2017 - 2028
12.4.3. Rest of Middle East & Africa Electric Motorcycles and Scooters Market Revenue (US$ Mn) and Forecast By Voltage, 2017 - 2028
CHAPTER 13. Player Analysis Of Electric Motorcycles And Scooters
13.1. Electric Motorcycles and Scooters Market Company Share Analysis
13.2. Competition Matrix
13.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
13.2.2. New Product Launches and Product Enhancements
13.2.3. Mergers And Acquisition In Global Electric Motorcycles and Scooters Market
CHAPTER 14. Company Profile
14.1. Lightning Motorcycles
14.1.1. Company Snapshot
14.1.2. Business Overview
14.1.3. Financial Overview
14.1.3.1. Revenue (US$ Mn), 2020
14.1.3.2. Lightning Motorcycles 2020 Electric Motorcycles and Scooters Business Regional Distribution
14.1.4. Product/ Service and Specification
14.2. Ampere Vehicles
14.3. Harley Davidson
14.4. Mahindra GenZe
14.5. Z Electric Vehicle
14.6. Zero Motorcycles
14.7. Hero Electric
14.8. Yadea Technology Co. Ltd.
14.9. KTM
14.10. Tailing Electric Vehicle Co. Ltd.
14.11. Others
