Favorable regulatory standards and incentive plans imposed by the regional authorities will also fuel the electric motorcycles & scooters market growth over the forecast period.
— The size of Electric Motorcycles & Scooters Market was anticipated as 15 billion in the year 2018 and is predicted to touch 22 billion till 2024, rising with a CAGR of 5% between the years 2018 to 2024 as per the research done by Global Market Insights, Inc.
Powered by depleting fossil fuel resources & rising increasing concerns on CO2 emissions, electric motorcycles & scooters market has witnessed quite an exponential growth graph lately. Renowned superbike manufacturers like Benelli, Honda, and many more have been involved in myriad research and development activities to launch innovative and effective e-motorcycles. Validating the aforementioned fact, in 2017, Honda launched its future electric and hybrid technology at the Tokyo Motor Show. The technology can apparently be used for the deployment of cleaner, emission-free scooters, as it is endowed with easy battery swapping, enabling users to change batteries any time and get back on the road.
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Honda’s initiative is remnant of incredible efforts undertaken by prominent electric motorcycles & scooters market giants to contribute toward a greener future. Taking into account the environmental benefits of using electric vehicles, many regional governments have also been implementing strict regulatory norms that would prompt a surge in the adoption of e-vehicles. In accordance, vehicle manufacturers have been found to consistently implement new technologies for attracting end-users.
Speaking along the same lines, the governments of several countries have been striving to reduce the ever-lasting, hazardous issue of air pollution. In order to reduce the sale of fuel-powered vehicles for an emission-free future, government bodies have been providing subsidies and incentives to electric motorcycles and scooters industry firms. This alone has proved to be a commendably attractive force for renowned car manufacturers to penetrate the expanding electric motorcycles & scooters market.
The leading two-wheeler manufacturer, Harley Davidson recently made it to the headlines for announcing its intention to launch its fully electric motorcycle, mainly designed for the reckless youth populace. Harley Davidson’s initiative may encourage numerous other companies to introduce fully electric motorcycles that would transform urban transportation. Aided by the increasing popularity of these vehicles by the day and their subsequent deployment, electric motorcycles & scooters market trends will witness a dynamic transformation in the years to come.
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As startups have now begun to penetrate electric motorcycles & scooters market, the vertical seems to be on the verge of witnessing a ferocious competition. For instance, in the U.S., many skateboard manufacturers have been investing in development of electric scooters. Popular skateboard manufacturing companies such as Bird, Spin, and LimeBike have deployed dockless electric scooters on West Coast and other bigger cities across U.S. In order to generate substantial remuneration, these scooter manufacturers are increasingly investing in research and development activities. With the launch of advanced versions of e-vehicles, U.S. electric motorcycles and scooters industry is slated to register a CAGR of more than 16.4% over 2018-2024.
The shifting trend toward green and emission-free resources will generate lucrative opportunities for potential new investors in electric motorcycles & scooters market. The launch of innovative and advanced vehicles will help new entrants suitably augment their product portfolios over the years ahead. Regional governments have also been standardizing a set of regulatory norms that are expected to help vehicle manufacturers attract more customers.
Browse key industry insights spread across 250 pages with 623 market data tables & 10 figures & charts from the report, “Electric Motorcycles & Scooters Market Size By Product (Motorcycles, Scooters), By Battery (SLA, Li-ion, NiMH), By Voltage (24V, 36V, 48V) Industry Analysis Report, Regional Outlook (U.S., Canada, Austria, Belgium, Czech Republic, France, Germany, Italy, Netherlands, Poland, Slovenia, Spain, UK, China, Japan India, South Korea, Indonesia, Taiwan, Vietnam, Thailand, Malaysia Brazil, Mexico, Argentina, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024)” in detail along with the table of contents:
Glimpse of Table of Content (ToC)
Chapter 3. Electric Motorcycles & Scooters Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Distribution channel analysis
3.4. Technology & innovation landscape
3.5. Pricing trends
3.5.1. North America
3.5.3. Asia Pacific
3.5.4. Latin America
3.6. Regulatory landscape
3.7. Electric vehicle sales
3.8. E-motor industry outlook
3.8.1. E-motor production statistics (2013 – 2017)
3.8.2. Motorcycle spare parts industry outlook
3.9. Industry impact forces
3.9.1. Growth drivers
18.104.22.168. North America
22.214.171.124. Asia Pacific
126.96.36.199. Latin America
3.9.2. Industry pitfalls & challenges
188.8.131.52. High costs associated with battery and vehicle
184.108.40.206. Lack of charging availability & poor performance
3.10. Growth potential analysis
3.11. Porter's analysis
3.12. Company market share analysis, 2017
3.12.1. Top players analysis
3.12.2. Strategy dashboard
3.13. PESTEL analysis
Chapter 4. Electric Motorcycles & Scooters Market, By Product
4.1. Global electric motorcycles & scooters market share by product, 2015 & 2024
4.2.1. Market estimates and forecast, 2013-2024
4.2.2. Market estimates and forecast, by region, 2013-2024
4.3.1. Market estimates and forecast, 2013-2024
4.3.2. Market estimates and forecast, by region, 2013-2024
About Global Market Insights
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