The global electric scooter and motorcycle market is anticipated to reach 921 thousand units by 2021 and growing at a CAGR of 32.4% during the forecasting period, 2021-2028. Electrification of mobility deals with numerous benefits such as reduction of oil dependency and improvement of the environment. In the same way, there are a number of driving forces linked with EVs’ adoption, namely reduction in greenhouse gas emissions (GHG), demand for efficient energy usage, gasoline savings, and low operating cost. The resisting forces prompting the approval of EVs include inadequate range, high purchase price, and slow charging, among others
The global market for electric vehicles has been growing at a fast rate. The electric scooters, explicitly, was valued at 19.7 billion dollars in 2019, growing at a CAGR of 18.4% between 2019 and 2028.
Increasing government focus towards incentives and subsidies, technological advancement in battery manufacturing, and Low operational and maintenance costs, are some of the factors that have supported long-term expansion for the electric scooter and motorcycle market.
The Global Electric scooter and motorcycle market are segmented into Vehicle Type, Battery Type, Distance Covered, Voltage Type, Technology Type, Vehicle Class, and Geography.
Vehicle Type segment is segmented into E-Scooter/Moped, E-Motorcycle, and 3W
Battery Type segment is segmented into Sealed Lead Acid and Lithium-Ion
Distance Covered segment is segmented into below 75 Miles, 75–100 Miles, and above 100 Miles
Voltage Type segment is segmented into 36V, 48V, 60V, and 72V
Technology Type segment is sub-segmented into Plug-In and Battery
Vehicle Class segment is segmented into Economy Class and Luxurious/Premium Class
Geographically, the global electric scooter and motorcycle market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions
Asia-Pacific region has come up as the prominent region for the leading share in the overall global market during the forecast period 2021-2028.
Key players in the global Electric scooter and motorcycle market are Yadea Group Holdings Ltd., Jiangsu Xinri E-Vehicle Co., Ltd., NIU International, Silence Urban Ecomobility, and Hero Electric.
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Report Feature |
Descriptions |
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Market Revenue In 2021 |
921 Thousand Units |
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Growth Rate |
CAGR of 32.4% during the forecasting period, 2021-2028 |
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Historical Data |
2018-2019 |
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Forecast Years |
2021-2028 |
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Base Year |
2020 |
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Units Considered |
Volume in Thousand Units and CAGR from 2021 to 2028 |
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Report Segmentation |
Vehicle Type, Battery Type, Distance Covered, Voltage Type, Technology Type, Vehicle Class, and Geography |
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Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
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Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and the Middle East and Africa |
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Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
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Companies Profiled |
Yadea Group Holdings Ltd., Jiangsu Xinri E-Vehicle Co., Ltd., NIU International, Silence Urban Ecomobility, and Hero Electric. |
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Available Customization |
In addition to the market data for the Electric scooter and motorcycle market, Delvens offers client-centric reports and customized according to the company’s specific demand and requirement. |
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