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Electric Scooter and Motorcycle Market by Vehicle Type (E-Scooter/Moped and E-Motorcycle), Battery Type (Sealed Lead Acid & Lithium-Ion), Distance Covered (Below 75 Miles, 75–100 Miles, Above 100 Miles), Voltage (36V, 48V, 60V & 72V), Technology (Plug-in & Battery) - Industry Analysis, Size, Share, Growth, Trends and Forecast 2022 to 2027.

Published: January, 2022
ID: 9784
Pages: 175

Market Overview:

The global electric scooter and motorcycle market is likely to succeed in 7,919 thousand units by 2027 from around 684 thousand units in 2021, rising at a stunning CAGR of about 36%.

Electric scooters and motorcycles are two-wheelers driven by electric power. The worldwide electric scooters and motorcycles market is developing at a considerable rate, due to supporting government initiatives and subsidies on eco-friendly vehicles, along with an increase in the necessity of the capable vehicle with zero carbon discharge. The global market has registered a high demand for scooters within the second half of this decade due to its lightweight and increase adoption for daily commute within the urban areas.

Increasing investments by governments across the world to promote charging infrastructure and incentives is likely to create immense opportunities for OEMs to expand their revenue stream and geographical presence.

Recent Developments

Honda Motorcycle and Scooter India (HMSI), the second biggest two-wheeler brand by volume in India, is ready to start out testing an electric scooter.

Okinawa, a number one electric two-wheeler manufacturer, has decided to prevent all manufacturing operations at its Haryana plant amidst the Coronavirus Pandemic lockdown within the country.

The Chinese company called Xiaomi launched a line of commuter oriented electric mopeds to be used around the cities and densely urban environments.

Electric motorcycles are becoming better all the time. Just check out the Energica Eva Ribelle, during which the corporate introduced its first 21.5kWh lithium polymer battery, and which it claims features a combined city and highway range of just about 143 miles. It doesn’t hurt that the bike is straightforward on the eyes, either—but think what all types of motorcycle manufacturers could do with long-range, flexible batteries.

Drivers and Restraints of Electric Scooter and Motorcycle:

Drivers:

The increase within the need for vehicles with zero carbon discharge and productive green energy, growing concern about environmental pollution and stringent policies related to vehicle emission are amplifying the expansion of the market. For instance, consistent with the planet Health Organization (WHO), globally, experience to ambient pollution results in 4.2 million deaths annually. Also, 91% of the world’s population exists during a place where air quality is entirely above the guidelines limit decided by the WHO. The surge in availability of smart charging stations, expanding food, and beverage deliveries, improvements in charging infrastructure, fall in the prices of li-ion batteries and EV charging stations motorized by solar panels also are assisting the expansion for the global electric scooters and motorcycles market.

Restraints:

The poor performance of the electric vehicle, the lack of charging infrastructure in several areas, and strict regulations involved in the installation of charging stations are the critical challenges for the expansion of global electric scooters and motorcycles market. In this regard, the Edison Electric Institute (EEI) and the Institute for Electric Innovation (IEI) have estimated that around 9.6 million charge ports are going to be required to help 18.7 million electric vehicles expected to be sold within the US alone by the end of 2030.

Market Segmentation:

Based on vehicle type: 

  • E-Scooter/Moped 
  • E-Motorcycle 

The e-motorcycle is estimated to be the fastest-growing segment in the world market. Earlier, manufacturers were that specialize in developing e-scooters/mopeds as they need to design more suitable to include the electrical system. Moreover, 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 like cruising, racing, off-roading, and commuting, which might increase their demand within the future.

Based on battery type: 

  • Sealed Lead Acid 
  • Lithium-Ion (Li-Ion)

The demand for Li-ion batteries is expanding across the globe, and the same is supposed to continue over the next few years.

Based on voltage type: 

  • 36V 
  • 48V 
  • 60V 
  • 72V 

On the idea of voltage, the market is segmented into 12V, 24V, 36V, and 48V. Among all types, 48V batteries registered for a protruding share within the global market due to the height power output of those batteries, and better compatibility. Additionally, 24V and 36V batteries are estimated to grow in the market, due to high power range and protracted research and development in advancing the performance and speed of those vehicles.

Based on the distance covered: 

  • Below 75 Miles 
  • 75–100 Miles 
  • Above 100 Miles 

Based on technology type: 

  • Plug-In 
  • Battery 

Electric Scooter and Motorcycle Market Region wise analysis:

Marked Segmentation based on the region:

  1. North America
    1. U.S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific
    1. China
    2. India
    3. Japan
  4. Latin America
    1. Brazil
    2. Mexico
    3. Argentina
  5. Middle East and Africa

a. Middle East

b. Africa

The European electric scooter and motorcycle market is predicted to witness the fastest growth in future. Europe comprises developed economies like France, Germany, Spain, and the UK. The area includes several leading players like Energica Motor Company, KTM, BMW, Piaggio, and so on. Developments in infrastructure and rapid industrialization in developed economies have opened new avenues, creating several opportunities for OEMs. The implementation of the latest technologies and establishment of the latest government regulations are driving this market within the region. Belgium is predicted to steer the EU market because of the subsidies offered to buyers on the purchase of the latest electric scooters and motorcycles. Europe also has a rise in demand for performance e-motorcycles, which manufacturers like Energica and KTM have identified. Thus, the ECU region would witness faster growth.

The Asia Pacific is predicted to be the most critical market. The market growth within the region is often attributed to the rising demand for greener transportation along with several initiatives by private organizations also as governments of the nations. China is an emerging economy, which is driving the expansion of advanced technologies to enhance electrification within the nation. China is predicted to spend approximately USD 2.4 billion by 2020 to improve the charging facility infrastructure within the country. The Indian government is taking initiatives like FAME-II, offering subsidies and tax exemptions to buyers to market electric two-wheelers within the area.

Key Players of Market:

  • Energica
  • Alta Motors
  • Jiangsu Xinri E-Vehicle Co., Ltd.
  • Hero Electric
  • Yadea Group Holdings Ltd.
  • Vmoto Limited
  • Yamaha
  • Saietta Group
  • Johammer
  • Lightning
  • BMW
  • Zero
  • KTM
  • Victory motorcycles

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 Electric Scooter and Motorcycle Market, By Vehicle Type           

                    6.1.1 E-Scooter/Moped     

                    6.1.2 E-Motorcycle 

                    6.1.3 Market Size Estimations & Forecasts (2019-2024)        

                    6.1.4 Y-o-Y Growth Rate Analysis         

                    6.1.5 Market Attractiveness Index         

          6.2 Electric Scooter and Motorcycle Market, By Battery Type           

                    6.2.1 Sealed Lead Acid      

                    6.2.2 Lithium-Ion   

                    6.2.3 Market Size Estimations & Forecasts (2019-2024)        

                    6.2.4 Y-o-Y Growth Rate Analysis         

                    6.2.5 Market Attractiveness Index         

          6.3 Electric Scooter and Motorcycle Market, By Distance Covered              

                    6.3.1 Below 75 Miles        

                    6.3.2 75–100 Miles 

                    6.3.3 Above 100 Miles      

                    6.3.4 Market Size Estimations & Forecasts (2019-2024)        

                    6.3.5 Y-o-Y Growth Rate Analysis         

                    6.3.6 Market Attractiveness Index         

          6.4 Electric Scooter and Motorcycle Market, By Voltage                   

                    6.4.1 36V     

                    6.4.2 48V     

                    6.4.3 60V     

                    6.4.4 72V     

                    6.4.5 Market Size Estimations & Forecasts (2019-2024)        

                    6.4.6 Y-o-Y Growth Rate Analysis         

                    6.4.7 Market Attractiveness Index         

          6.5 Electric Scooter and Motorcycle Market, By Technology             

                    6.5.1 Plug-in

                    6.5.2 Battery

                    6.5.3 Market Size Estimations & Forecasts (2019-2024)        

                    6.5.4 Y-o-Y Growth Rate Analysis         

                    6.5.5 Market Attractiveness Index         

7. Geographical Landscape                    

          7.1 Global Identity Governance and Administration Market, by Region                   

          7.2 North America - Market Analysis (2018 - 2024)             

                    7.2.1 By Country     

                              7.2.1.1 USA

                              7.2.1.2 Canada

                    7.2.2 By Vehicle Type        

                    7.2.3 By Battery Type        

                    7.2.4 By Distance Covered 

                    7.2.5 By Voltage     

                    7.2.6 By Technology          

          7.3 Europe             

                    7.3.1 By Country     

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                    7.3.2 By Vehicle Type        

                    7.3.3 By Battery Type        

                    7.3.4 By Distance Covered 

                    7.3.5 By Voltage     

                    7.3.6 By Technology          

          7.4 Asia Pacific                 

                    7.4.1 By Country     

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                    7.4.2 By Vehicle Type        

                    7.4.3 By Battery Type        

                    7.4.4 By Distance Covered 

                    7.4.5 By Voltage     

                    7.4.6 By Technology          

          7.5 Latin America             

                    7.5.1 By Country     

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                    7.5.2 By Vehicle Type        

                    7.5.3 By Battery Type        

                    7.5.4 By Distance Covered 

                    7.5.5 By Voltage     

                    7.5.6 By Technology          

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                    7.6.2 By Vehicle Type        

                    7.6.3 By Battery Type        

                    7.6.4 By Distance Covered 

                    7.6.5 By Voltage     

                    7.6.6 By Technology          

8. Key Player Analysis                           

          8.1 Energica           

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 Alta Motors                

          8.3 Jiangsu Xinri E-Vehicle Co., Ltd.                

          8.4 Hero Electric               

          8.5 Yadea Group Holdings Ltd.             

          8.6 Vmoto Limited            

          8.7 Yamaha            

          8.8 Saietta Group              

          8.9 KTM                 

          8.10 BMW               

9. Market Outlook & Investment Opportunities                     

Appendix                         

          List of Tables          

          List of Figures                  

  1. Global Electric Scooter and Motorcycle Market By Region, From 2022 - 2027 ( USD Billion )
  2. Global Electric Scooter and Motorcycle Market By Vehicle Type, From 2022 - 2027 ( USD Billion )
  3. Global E-Scooter/Moped Market By Region, From 2022 - 2027 ( USD Billion )
  4. Global E-Motorcycle Market By Region, From 2022 - 2027 ( USD Billion )
  5. Global Electric Scooter and Motorcycle Market By Battery Type, From 2022 - 2027 ( USD Billion )
  6. Global Sealed Lead Acid Market By Region, From 2022 - 2027 ( USD Billion )
  7. Global Lithium-Ion Market By Region, From 2022 - 2027 ( USD Billion )
  8. Global Electric Scooter and Motorcycle Market By Distance Covered, From 2022 - 2027 ( USD Billion )
  9. Global Below 75 Miles Market By Region, From 2022 - 2027 ( USD Billion )
  10. Global 75–100 Miles Market By Region, From 2022 - 2027 ( USD Billion )
  11. Global Above 100 Miles Market By Region, From 2022 - 2027 ( USD Billion )
  12. Global Electric Scooter and Motorcycle Market By Voltage, From 2022 - 2027 ( USD Billion )
  13. Global 36V Market By Region, From 2022 - 2027 ( USD Billion )
  14. Global 48V Market By Region, From 2022 - 2027 ( USD Billion )
  15. Global 60V Market By Region, From 2022 - 2027 ( USD Billion )
  16. Global 72V Market By Region, From 2022 - 2027 ( USD Billion )
  17. Global Electric Scooter and Motorcycle Market By Technology, From 2022 - 2027 ( USD Billion )
  18. Global Plug-in Market By Region, From 2022 - 2027 ( USD Billion )
  19. Global Battery Market By Region, From 2022 - 2027 ( USD Billion )

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