Electric Motorcycles & Scooters Market Market Overview
Electric Motorcycles & Scooters Market was valued at USD 23.5 Billion in 2022 and is projected to reach USD 56.5 Billion by 2030, growing at a CAGR of 12.3% from 2024 to 2030.
Market Size and Opportunity Analysis for Global Electric Motorcycles & Scooters Market
The global electric motorcycles and scooters market is experiencing significant growth, driven by increasing environmental concerns and the rising demand for sustainable transportation solutions. In 2023, the market was valued at approximately USD 25 billion and is projected to reach around USD 60 billion by 2030, growing at a compound annual growth rate (CAGR) of 12% during the forecast period. This growth is fueled by advancements in battery technology, the expansion of charging infrastructure, and favorable government policies promoting electric vehicles (EVs). As urban areas become more congested, the demand for electric two-wheelers is expected to rise, offering a practical and eco-friendly alternative to traditional vehicles.
Opportunities in the market are broad, with significant potential for expansion in both developed and emerging economies. The increasing focus on reducing carbon emissions and the introduction of stringent regulations on vehicle emissions are likely to drive further adoption of electric motorcycles and scooters. Additionally, advancements in smart technology and connectivity are enhancing the appeal of electric two-wheelers, creating new avenues for innovation and market growth. Companies investing in research and development to improve performance, range, and affordability are well-positioned to capitalize on these emerging opportunities and meet the growing consumer demand.
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Who are the largest Global manufacturers in the Electric Motorcycles & Scooters Market?
By Type
- Electric Motorcycles
- Electric Scooters
By Battery Type
- Lithium-ion Batteries
- Lead-acid Batteries
- Nickel Metal Hydride Batteries
By Range
- Short-range (up to 50 miles)
- Medium-range (51 to 100 miles)
- Long-range (over 100 miles)
By End-user
- Individual Users
- Commercial Users
- Shared Mobility Services
By Power Rating
- Below 3 kW
- 3 kW to 10 kW
- Above 10 kW
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Segmentation of Electric Motorcycles & Scooters Market-
Which regions are leading the Global Electric Motorcycles & Scooters Market?
- Global (United States, Global and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil, Argentina, Columbia, etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Detailed TOC of Global Electric Motorcycles & Scooters Market Research Report, 2024-2031
1. Introduction of the Global Electric Motorcycles & Scooters Market
- Overview of the Market
- Scope of Report
- Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Research
- Data Mining
- Validation
- Primary Interviews
- List of Data Sources
4. Global Electric Motorcycles & Scooters Market Outlook
- Overview
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Porters Five Force Model
- Value Chain Analysis
5. Global Electric Motorcycles & Scooters Market, By Type
6. Global Electric Motorcycles & Scooters Market, By Application
7. Global Electric Motorcycles & Scooters Market, By Geography
- Global
- Europe
- Asia Pacific
- Rest of the World
8. Global Electric Motorcycles & Scooters Market Competitive Landscape
- Overview
- Company Market Ranking
- Key Development Strategies
9. Company Profiles
10. Appendix
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