Dublin, Oct. 07, 2022 (GLOBE NEWSWIRE) -- The "Italy Electric Scooter and Motorcycle Market Outlook by Product, Power, Voltage, Cooling System, Maximum Speed, Battery Type, Battery Charging Mode, Charging Time, Battery Capacity, Range - Demand Forecast to 2035" report has been added to ResearchAndMarkets.com's offering.
In 2021, the Italy electric scooter and motorcycle market was valued at $26.7 million, and it will touch a value of $707.1 million by 2035, at a growth rate of about 30% through the period of 2021-2025 and, further, approximately 24% during the period 2026-2035.
Li-ion batteries dominate the Italy electric scooter and motorcycle market with over $26-million revenue, which will advance by about 31% in the span of 2021-2025. Maximum electric two-wheeler manufacturers prefer Li-ion batteries because of their low self-discharge rate, no memory effect, and high density of energy. Furthermore, these batteries last longer than sealed lead-acid batteries.
Electric scooters witness the highest demand in the Italy electric scooter and motorcycle market, and their sales value will grow at a rate of about 23% till 2025. More power is needed by motorcycles, which means a bigger battery and electric motor are required, thus pushing up their acquisition cost. Furthermore, electric scooters are one of the most-cost-effective options for traveling short distances, thereby pushing e-scooter sales in the country.
The growth in the Italy electric scooter and motorcycle market will be the most rapid in vehicles with a battery of 100 V or more, at a growth rate of around 38%, during the years 2026-2035. The improved mileage and performance of these vehicles will propel their sales in the near future. Moreover, with a lack of charging infrastructure in the country, customers are focusing on EV mileage.
Between the years 1990 and 2019, Italy abridged its emissions by approximately 19%. Its efforts to reduce emissions are inseparably associated with the European Union's policies and recommendations. The European Union recently created a new policy related to the European Climate Law, intended at reducing GHG emissions to a minimum of 55% by the year 2030 from the levels 40 years ago. This is a momentous surge over the preceding goal of a 40% decrease established under the Paris Agreement.
Italy has publicized a novel target for the year 2030 as per the ESR, of a 33% reduction in releases from 2005. These initiatives will help in expanding the growth possibility of the Italy electric scooter and motorcycle market in the years to come, by implementing stringent emission regulations on ICE variants and making people more conscious of climate change.
Market Dynamics
Trends
- Rapid surge in demand for fast electric charging stations
- Long-range electric scooters and motorcycles to gain traction
Driver
- Rising incentives for buying electric motorcycles
- Low operating and maintenance costs
- Increasing concerns over greenhouse gas emissions
- Impact analysis of drivers on market forecast
Restraints
- Long charging time
- High vehicle cost
- Impact analysis of restraints on market forecast
Company Profiles
- Tacita S.r.L.
- Energica Motor Company S.p.A.
- Scarponi Motorcycles
- GOVECS AG
- ME GROUP srl
- Askoll EVA S.p.A.
- Piaggio & C. S.p.A.
- Lifan Technology (Group) Co. Ltd.
- Niu Technologies
- Vmoto Limited
Key Topics Covered:
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Market Size Estimation
2.4 Market Breakdown and Data Triangulation
2.5 Assumptions for the Study
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Product
4.1.1.1 Scooter
4.1.1.2 Low-powered motorcycle
4.1.1.3 High-powered motorcycle
4.1.2 By Power
4.1.2.1 < 1.5 kW
4.1.2.2 1.5-5 kW
4.1.2.3 6-15 kW
4.1.2.4 >15 kW
4.1.3 By Voltage
4.1.3.1 48 V
4.1.3.2 60 V
4.1.3.3 72 V
4.1.3.4 100 V and above
4.1.4 By Cooling System
4.1.4.1 Natural convection
4.1.4.2 Forced air convection
4.1.4.3 Liquid
4.1.5 By Maximum Speed
4.1.5.1 < 40 km/h
4.1.5.2 40-80 km/h
4.1.5.3 >80 km/h
4.1.6 By Battery Type
4.1.6.1 Sealed lead acid
4.1.6.2 Li-ion
4.1.6.3 Others
4.1.7 By Charging Time
4.1.7.1 < 4 h
4.1.7.2 4-6 h
4.1.7.3 >6 h
4.1.8 By Range
4.1.8.1 < 50 km
4.1.8.2 50-100 km
4.1.8.3 101-150 km
4.1.8.4 >150 km
4.1.9 By Battery Capacity
4.1.9.1 < 2 kWh
4.1.9.2 2-2.5 kWh
4.1.9.3 > 2.5 kWh
4.1.10 By Battery Charging Mode
4.1.10.1 Removable
4.1.10.2 Non-removable
4.2 Value Chain Analysis
Chapter 5. Italy Market Size and Forecast
5.1 Overview
5.2 By Product
5.3 By Power
5.4 By Voltage
5.5 By Cooling System
5.6 By Maximum Speed
5.7 By Battery Type
5.8 By Battery Charging Mode
5.9 By Charging Time
5.10 By Battery Capacity
5.11 By Range
Chapter 6. User Profile
6.1 Italy
6.1.1 Electric Scooter and Motorcycle Customer Analysis
6.1.1.1 By age
6.1.1.2 By gender
6.1.1.3 By profession
6.1.1.4 By usage
6.1.1.5 By driving distance
6.1.2 Customer Behavior and Trends
Chapter 7. Competitive Landscape
7.1 Market Share Analysis of Key Players
7.2 Key Player Analysis
7.2.1 Product Portfolio
7.3 Strategic Developments
7.3.1 Product Launches
7.3.2 Partnerships, Mergers, and acquisitions
Chapter 8. Company Profile
8.1 Business Overview
8.2 Product and Service Offerings
For more information about this report visit https://www.researchandmarkets.com/r/3t6knu
Attachment
