Electric Scooter and Motorcycle Market by Product (Scooter, Motorcycle), by Battery Type (Sealed Lead Acid, Li-ion, Ni-MH), by Voltage (36V, 24V, 48V), by Technology (Plug-in, Battery), by Geography (US, Canada, Germany, Spain, UK, France, Italy, Netherland, Belgium, Austria, Sweden, Denmark, China, India, Japan, Indonesia, Thailand, South Korea, Brazil, Mexico, Chile, Colombia, Saudi Arabia, UAE, Qatar, South Africa) – Global Market Size, Share, Development, Growth and Demand Forecast, 2010-2025
NEW YORK, Nov. 01, 2018 (GLOBE NEWSWIRE) -- According to the market research report published by P&S Intelligence, electric scooter and motorcycle market is projected to reach $13,864.0 million by 2025. The market is predominantly driven by the stringent government policies pertaining to environmental degradation; and the incentives such as subsidies, tax refunds, and others offered by the governments under their various schemes to promote the adoption of electric vehicles across the respective nations.
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Based on the product, the electric scooter and motorcycle market is categorized into scooter and motorcycle. Of the two, the scooter category dominated the market during the historical years and is expected to continue doing so in the coming years. In 2017, the scooter category recorded higher sales by value, as it held over 90% of the market share. However, it is the motorcycle category that is expected to have faster growth between the two, attributable to the increasing demand for high-speed two-wheelers.
Browse report overview with 133 tables and 57 figures spread through 169 pages and detailed TOC on "Electric Scooter and Motorcycle Market by Product (Scooter, Motorcycle), by Battery Type (Sealed Lead Acid, Li-ion, Ni-MH), by Voltage (36V, 24V, 48V), by Technology (Plug-in, Battery), by Geography (US, Canada, Germany, Spain, UK, France, Italy, Netherland, Belgium, Austria, Sweden, Denmark, China, India, Japan, Indonesia, Thailand, South Korea, Brazil, Mexico, Chile, Colombia, Saudi Arabia, UAE, Qatar, South Africa) – Global Market Size, Share, Development, Growth and Demand Forecast, 2010-2025" at: https://www.psmarketresearch.com/market-analysis/electric-scooter-and-motorcycle-market
On the basis of the battery type, the electric scooter and motorcycle market has been categorized into sealed lead acid (SLA) and lithium-ion (Li-ion). The SLA category led the segment in 2017 in terms of sales by value, accounting for over 80% of market share. Much of this can be attributed to the low cost of SLA batteries as compared to the Li-ion. However, in the coming years, the market for Li-ion batteries is forecasted to grow at a faster rate as compared to the SLA batteries, owing to the technological advantages of these batteries over SLA batteries, and government norms and regulations favoring their use in the electric two-wheelers.
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The government support and favorable policies are primarily driving the growth of the electric scooter and motorcycle market. Aiming to increase the penetration of such vehicles and to support their adoption, the governments around the world are offering reduction in registration taxes, subsidies, and tax rebates on the purchase of these vehicles.
Some of the major players operating in the global electric scooter and motorcycle market are Alta Motors, Yadea Technology Group Co. Ltd., BMW AG, Zero Motorcycles Inc., Terra Motors Corporation, AIMA Technology Co. Ltd., and Hero Electric Vehicles Pvt. Ltd.
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India Electric Scooters and Motorcycles Market
As per the findings of research, electric scooters occupied the larger share of the market, however, the share of electric motorcycles is expected to grow in future. India would follow tough emission norms Bharat Stage (BS)-VI, from the current BS-IV, by 2020, skipping the BS-V. Such policies or initiatives to curb pollution levels in the country promises a positive regulatory environment for electric two-wheelers industry in coming years.
https://www.psmarketresearch.com/market-analysis/india-electric-scooter-and-motorcycle-market
China Electric Scooters and Motorcycles Market
The growing urbanization in China is expected to benefit the sales of electric two-wheelers in the country over the forecast period. In 2011, population living in the cities in China crossed 50% and by 2030 it is expected that urbanization rate in the country would reach 65%-70%. Due to the growing urbanization, the transport demand from the medium and small cities is increasing. The travel profile in these cities typically involves short and frequent drives, for which electric scooters and motorcycles are most suited. Moreover, with low density of population and ample spaces, the development of charging infrastructure would be relatively easier in small cities compared to the bigger ones.
https://www.psmarketresearch.com/market-analysis/china-electric-scooters-and-motorcycles-market
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