The electric scooter and motorcycle market is projected to grow at a CAGR 29.78% rate from 2021 to 2026. Increasing investments by governments across the globe to develop charging infrastructure and incentives offered to buyers will create opportunities for OEMs to expand their revenue stream and geographical presence.
E-motorcycle segment is estimated to be the fastest growing market during the forecast period. Earlier, manufacturers were focusing on developing e-scooters/mopeds as they have a design more suitable to incorporate the electric propulsion system. However, e-scooters/mopeds have range and performance constraints; also, they serve the limited purpose of short distance commuting only. With e-motorcycles, users could serve different purposes such as cruising, racing, off-roading, and commuting, which would increase their demand in the future.
The European market is expected to witness the fastest growth, followed by North America and Asia Pacific. Europe comprises developed economies such as France, Germany, Spain, and the UK. The region is home to many leading players such as Energica Motor Company, KTM, BMW, GOVECS, and Piaggio. Infrastructural developments and industrialization in developed economies have opened new avenues, creating several opportunities for OEMs. The implementation of new technologies and establishment of new government regulations are driving this market in the region. Belgium is expected to lead the European market due to the subsidies offered to buyers on purchase of new electric two-wheelers. Europe also has increased demand for performance e-motorcycles, which manufacturers such as Energica and KTM have identified. Thus, the European region would witness faster growth.
Asia Pacific is expected to be the largest market. The market growth in the region can be attributed to the rising demand for greener transportation along with several initiatives by private organizations as well as governments of the countries. China’s rapidly growing economy is driving the expansion of advanced technologies to improve electrification in the country. China is expected to spend approximately USD 2.4 billion by 2020 to improve the charging facility infrastructure in the country. The Indian government is taking initiatives such as FAME-II, offering subsidies and tax exemptions to buyers to promote electric two-wheelers in the country.
Key Market Players include Yadea Group Holdings Ltd. (China), Hero Electric (India), Vmoto Limited (Australia), and Jiangsu Xinri E-Vehicle Co., Ltd. (China).
1. Introduction
1.1. Market Definition
1.2. Study Scope
1.3. Study Period
1.4. Market Stakeholders
2. Research Methodology
2.1. Secondary Research
2.2. Primary Research
2.3. Research Design
2.4. Data Validation
2.5. Limitations and Assumptions
3. Executive Summary
4. Market Dynamics
4.1. Drivers
4.1.1.Low Operating and Maintenance Costs
4.1.2.Government Incentives and Subsidies
4.2. Opportunities
4.2.1.Government Bodies Backing Electric Two-Wheelers
4.2.2.Established Players Yet to Enter the Market
4.3. Challenges
4.3.1.Design and Performance Standards
4.3.2.Initial Investments and High Cost of Electricity
4.3.3.Lack of Charging Infrastructure
4.3.4.Lack of Power Output and Limited Range
5. Electric Scooter and Motorcycle Market, By Battery Type
5.1. Sealed Lead Acid
5.2. Lithium-Ion
6. Electric Scooter and Motorcycle Market, By Range
6.1. Below 75 Miles
6.2. 75–100 Miles
6.3. Above 100 Miles
7. Electric Scooter and Motorcycle Market, By Vehicle Type
7.1. E-Scooter/Moped
7.2. E-Motorcycle
8. Electric Scooter and Motorcycle Market, By Voltage
8.1. 36V
8.2. 48V
8.3. 60V
8.4. 72V
9. Electric Scooter and Motorcycle Market, By Technology
9.1. Plug-In
9.2. Battery
10. Electric Scooter and Motorcycle Market, By Region
10.1. Asia Pacific
10.1.1. China
10.1.2. Japan
10.1.3. India
10.1.4. South Korea
10.1.5. Taiwan
10.2. Europe
10.2.1. France
10.2.2. Germany
10.2.3. Spain
10.2.4. Austria
10.2.5. UK
10.2.6. Italy
10.2.7. Belgium
10.2.8. Netherlands
10.2.9. Poland
10.2.10. Denmark
10.3. North America
10.3.1. US
10.3.2. Canada
11. Company Profiles
11.1. Yadea Group Holding Ltd.
11.2. Hero Electric
11.3. Vmoto Limited
11.4. Electrotherm Ltd.
11.5. Jiangsu Xinri E—Vehicle Co., Ltd.
11.6. Energica Motor Company
11.7. Piaggio Group
11.8. NIU International
11.9. BMW Group
11.10. KTM AG
11.11. Mahindra and Mahindra Ltd.
11.12. Harley Davidson
*Company introduction, financial information, recent developments, SWOT analysis
12. Conclusion and Recommendations
13. Appendix
13.1. About
13.2. Related Reports
13.3. Glossary
