Rising concerns pertaining to harmful effect of vehicle emissions along with the imposition of strict regulations by environment agencies will drive global electric motorcycle & scooters market. Consumers are getting increasingly aware of the fact that the adoption of electric two-wheelers can significantly reduce harmful emissions of carbon dioxide, carbon monoxide, nitrogen oxide and other harmful effluents, which in turn can aid in reducing the air pollution.
Governments across the globe are offering grants, incentives and subsidies on the purchase of new electric vehicles in a bid to promote e-mobility. In addition, several emerging players, such as Pedego Electric Bikes, Gogoro, and Segway are partnering with scooter sharing firms to cater to the growing demand for ride-sharing.
Request for a Sample copy of this Report @
Implementation of strict vehicular emission norms by several countries including Canada, China, Japan, U.S. and others is aiding large-scale adoption of electric scooters and motorcycles for routine commute. Reports suggest that global electric motorcycles & scooters market size will cross the USD 40 billion mark by 2026.
The e-mobility trend is on rise. In the third quarter of 2019, around 45 EV companies across the world showed a total fund raising of USD 2.7 billion. However, the COVID-19 outbreak has led to a slowdown in electric motorcycles & scooters industry growth in 2020. Shortage of raw materials, labor and restrictions on movement have led to a temporary shutdown of many automobile manufacturing facilities, globally.
The rising consumer inclination toward buying essential items is hindering the sales of high cost products like electric scooters & motorcycles. The EV businesses will gain traction again, once the restrictions are lifted.
Electric motorcycles are experiencing high demand on account of the advancement in battery and powertrain technologies. The technological developments are offering superior engine performance as well as high, controlled speeds to electric motorcycles. Growing demand for efficient, low noise and long range transport solutions is one of the key factors fueling the demand for electric motorcycles. In addition, grants and subsidies provided by governments on the purchase of electric motorcycles will further boost product sales in the coming years.
24V batteries are likely to witness higher adoption in electric scooters as they provide short distance ranges that are ideal for daily commute in densely-populated urban cities. These batteries contain a smaller number of cells, due to which they are light-weight and cost-effective. Rising trend of electric scooter sharing services in cities will drive the demand for 24V batteries.
Browse report summary @
The alarming levels of carbon emission in Asia Pacific region is creating a huge demand for environment friendly mode of transportation. This has led to increased adoption of e-mobility solutions in Asian countries including China and India. In addition, the emergence of several electric motorcycle & scooter manufacturers including Ultraviolette Automotive Pvt. Ltd., and Emflux and in India will boost regional industry growth over the analysis period.
Major producers and developers of electric motorcycles & scooters include Amper Vehicles, Harley Davidson, Shandong Incalcu Electric Vehicle, Lightning Motorcycles, Mahindra GenZe, Energica Motor Company S.p.A, Govecs Group, KTM, Z Electric Vehicle and Zero Motorcycles, among others.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688