Electric motorcycles and scooters are also known as plug-in electric vehicles and have two or three wheels. The electricity used by these vehicles is stored in lead or lithium type of rechargeable battery. The electric motorcycles are more comfortable as compared to petrol or diesel- based motorcycles. Electric motorcycles generate less vibration and exhaustion noise.

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The significant factors contributing to the growth of the electric scooter and motorcycle market include the increasing number of investments by the government across the globe to support the development of charging infrastructure and the growing number of initiatives provided to the buyers. Moreover, the emerging trend of adapting e-mobility for short-distance travel will further bring numerous opportunities for the growth of the market. With the rising concern for air pollution caused by gasoline-based vehicles, the governments are emphasizing on providing various subsidies and tax benefits to support the use of eco-friendly vehicles. In addition to this, the low maintenance requirement due to the internal combustion engines in the electric vehicles. This factor is further supporting the growth of the segment in the market.

The rising population rate has resulted in an increase in the amount of traffic on the roads. This is encouraging the consumers, especially the working population, to travel by scooters and motorcycles, to avoid traffic jams. Furthermore, the growing necessity of competent vehicles with zero carbon discharge, followed by the increasing concerns related to the environment and the implementation of strict regulation regarding the vehicle emission is further surging the market’s demand. However, on the other edge, the poor performance of the electric vehicles and the shortage of charging infrastructure, is likely to hamper the growth of the market.

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Based on the vehicle type, the e-motorcycle segment is anticipated to grow at a higher CAGR over the forecast period. The accelerating demand for e-motorcycles for different purposes, including racing, cursing, off-roading, and commuting, is the key driver that is contributing to the growth of the segment. For the past few years, the consumers used e-scooters/mopeds for the limited purpose of short-distance traveling only. Now, with the increasing environmental concerns and the growing focus on adoption of e-vehicles are promoting the consumers to opt for e-motorcycles.

On the basis of the battery type, the sealed lead acid segment is predicted to dominate the electric scooter and motorcycle market over the next six years owing to the lower prices of these batteries as compared to the other conventional batteries. In contrast, the lithium-Ion segment is expected to witness faster CAGR attributed to the exceptional advantage offered by these batteries. These batteries offer higher density, are lighter, highly efficient, and have a greater life span. These factors are further promoting the consumers to opt for lithium-ion batteries over the forecast period.

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On the basis of the region, the European region is expected to lead the market over the next six years. The large presence of market players such as KTM, BMW, GOVECS, and Piaggio and continuous infrastructural developments and industrialization in the European countries is driving the market’s growth in this region. The implementation of advanced technologies and the establishment of government regulations is further surging the demand of the market. Furthermore, the accelerating demand for e-motorcycles due to the growing traffic congestion is strengthening the demand of the market. On the other edge, the Asia-pacific region is predicted to grow at a faster CAGR in the coming years due to the strong demand for greener transportation and the various initiatives launched by the global organization in Asian countries. China is one of the leading economies, which is expanding the advanced technologies to improve electrification in the country. Furthermore, the Indian government has taken numerous initiatives and programs such as FAME-II to encourage buyers to purchase two-wheelers.

Various notable players operating in the market include Vmoto Limited, Electrotherm Ltd., BMW Group, KTM AG, Jiangsu Xinri E—Vehicle Co., Ltd., Yadea Group Holding Ltd., Hero Electric, Energica Motor Company, Piaggio Group, NIU International, Mahindra and Mahindra Ltd., and Harley Davidson, among others.

 Key Developments: 

• • In 2020, KTM AG entered into a partnership to produce mopeds in India. This partnership is a part of the group’s strategy to bring in various new two-wheelers for the domestic and overseas markets.
  • In 2019, Vmoto Limited entered into an agreement with Ducati to produce a Ducati electric scooter. The Ducati-branded CUx electric scooters will come under the category of official products of Ducati.

The global Electric Scooter and Motorcycle market have been segmented on the basis of Vehicle Type, Battery Type, Technology Type, Distance Covered, Voltage Type and key regions. Based on Vehicle Type, the market is segmented into E-Scooter/Moped and E-Motorcycle. Based on Battery Type, the market is segmented into Sealed Lead Acid and Lithium-Ion. Based on Technology Type, the market is segmented into Plug-In and Battery. Based on Distance Covered, the market is segmented into Below 75 Miles, 75–100 Miles and Above 100 Miles.

Based on Voltage Type, the market is segmented into 36V, 48V, 60V and 72V.

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Key questions answered in this research report:

• • At what pace is global Electric Scooter and Motorcycle market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Electric Scooter and Motorcycle market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Electric Scooter and Motorcycle market?
  • Which Vehicle Type generated maximum revenues in 2019 and identify the most promising Vehicle Type during the forecast period?
  • What are the various Battery Types of global Electric Scooter and Motorcycle market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Vehicle Type, By Battery Type, By Technology Type, By Distance Covered, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Vmoto Limited, Electrotherm Ltd., BMW Group, KTM AG, Jiangsu Xinri E—Vehicle Co., Ltd., Yadea Group Holding Ltd., Hero Electric, Energica Motor Company, Piaggio Group, NIU International, Mahindra and Mahindra Ltd., and Harley Davidson, among others; a total of 12 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Electric Scooter and Motorcycle Market by Vehicle Type

• • E-Scooter/Moped
  • E-Motorcycle

Global Electric Scooter and Motorcycle Market by Battery Type

• • Sealed Lead Acid
  • Lithium-Ion

Global Electric Scooter and Motorcycle Market by Technology Type

• • Plug-In
  • Battery

Global Electric Scooter and Motorcycle Market by Distance Covered

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

Global Electric Scooter and Motorcycle Market by Voltage Type

• • 36V
  • 48V
  • 60V
  • 72V

Global Electric Scooter and Motorcycle Market by Region

• • North America Electric Scooter and Motorcycle Market (Option 1: As a part of the free 25% customization)
    • North America Electric Scooter and Motorcycle Market by Vehicle Type
    • North America Electric Scooter and Motorcycle Market by Battery Type
    • North America Electric Scooter and Motorcycle Market by Technology Type
    • North America Electric Scooter and Motorcycle Market by Distance Covered
    • North America Electric Scooter and Motorcycle Market by Voltage Type
    • US Electric Scooter and Motorcycle Market All-Up
    • Canada Electric Scooter and Motorcycle Market All-Up
  • Europe Electric Scooter and Motorcycle Market (Option 2: As a part of the free 25% customization)
    • Europe Electric Scooter and Motorcycle Market by Vehicle Type
    • Europe Electric Scooter and Motorcycle Market by Battery Type
    • Europe Electric Scooter and Motorcycle Market by Technology Type
    • Europe Electric Scooter and Motorcycle Market by Distance Covered
    • Europe Electric Scooter and Motorcycle Market by Voltage Type
    • UK Electric Scooter and Motorcycle Market All-Up
    • Germany All-Up Electric Scooter and Motorcycle Market All-Up
    • France Electric Scooter and Motorcycle Market All-Up
    • Spain Electric Scooter and Motorcycle Market All-Up
    • Rest of Europe Electric Scooter and Motorcycle Market All-Up
  • Asia-Pacific Electric Scooter and Motorcycle Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Electric Scooter and Motorcycle Market by Vehicle Type
    • Asia-Pacific Electric Scooter and Motorcycle Market by Battery Type
    • Asia-Pacific Electric Scooter and Motorcycle Market by Technology Type
    • Asia-Pacific Electric Scooter and Motorcycle Market by Distance Covered
    • Asia-Pacific Electric Scooter and Motorcycle Market by Voltage Type
    • China Electric Scooter and Motorcycle Market All-Up
    • India Electric Scooter and Motorcycle Market All-Up
    • Japan Electric Scooter and Motorcycle Market All-Up
    • Rest of APAC Electric Scooter and Motorcycle Market All-Up
  • RoW Electric Scooter and Motorcycle Market (Option 4: As a part of the free 25% customization)
    • RoW Electric Scooter and Motorcycle Market by Vehicle Type
    • RoW Electric Scooter and Motorcycle Market by Battery Type
    • RoW Electric Scooter and Motorcycle Market by Technology Type
    • RoW Electric Scooter and Motorcycle Market by Distance Covered
    • RoW Electric Scooter and Motorcycle Market by Voltage Type
    • Brazil Electric Scooter and Motorcycle Market All-Up
    • South Africa Electric Scooter and Motorcycle Market All-Up
    • Saudi Arabia Electric Scooter and Motorcycle Market All-Up
    • UAE Electric Scooter and Motorcycle Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Electric Scooter and Motorcycle Market All-Up

Major Players Operating the Electric Scooter and Motorcycle (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Vmoto Limited
  • Electrotherm Ltd.
  • BMW Group
  • KTM AG
  • Jiangsu Xinri E—Vehicle Co., Ltd.
  • Yadea Group Holding Ltd.
  • Hero Electric
  • Energica Motor Company
  • Piaggio Group
  • NIU International
  • Mahindra and Mahindra Ltd.
  • Harley Davidson