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North America Electric Scooters and Motorcycles Market Research Report: By Type, Battery Capacity, Battery, Application - Industry Analysis and Growth Forecast to 2025

  • ID: 4770552
  • Report
  • March 2021
  • Region: North America
  • Prescient & Strategic Intelligence Private Limited

FEATURED COMPANIES

  • Bell Custom Cycles
  • Harley-Davidson Inc.
  • KTM North America Inc.
  • Razor USA LLC
  • Segway Inc.
  • Zero Motorcycles Inc.
In its latest report, the publisher forecasts the North American electric scooters and motorcycles market value to grow from $164.7 million in 2020 to $590.4 million by 2025, at a 25.1% CAGR between 2021 and 2025, As a result of such robust support of the government. In 2017, the Californian government began offering a 10% tax credit on the purchase of electric motorcycles costing up to $2,500.

Additionally, a rebate of up to $900 is provided for buying electric motorcycles in the state, under the Clean Vehicle Rebate Project (CVRP). Similarly, the U.S. Postal Service has received $6 billion from the federal government for procuring electric delivery vehicles. Furthermore, the Canadian government's initiatives that are benefitting the North American electric scooters and motorcycles market include the $1,524 (CAD-$2,000) rebate being offered under the British Columbia Specialty-Use Vehicle Incentive (SUVI) Program on the purchase of low-speed electric motorcycles.

During the COVID-19 pandemic, the North American electric scooters and motorcycles market is witnessing slow growth. Due to the lockdowns implemented around the world, including in this continent, the production and supply of electric two-wheelers and their components stopped. Additionally, a lot of people are under extreme financial stress, which is why they are not purchasing automobiles and other non-essential goods.

In the years to come, the higher value CAGR in the North American electric scooters and motorcycles market, of 26.0%, under the battery segment, is predicted to be seen by the lithium-ion (Li-ion) bifurcation. Compared to lead-acid batteries, Li-ion batteries are almost a third in weight and more efficient, as they can carry more charge per unit volume. Coupled with the higher power and longer driving range, the eco-friendliness of Li-ion batteries makes them more popular.

Sharing services is the largest category in the North American electric scooters and motorcycles market, under the application segment. Shared mobility offers people convenient first- and last-mile commute, without them having to own the vehicle themselves. With the swelling urban population in the region, the demand for cost-effective short-distance transportation is surging, which is leading to the growth of the shared electric mobility niche here.

In the near future, the U.S. will generate the higher revenue for the companies in the North American electric scooters and motorcycles market on account of the strong government support for electric vehicles, to reduce the emission of greenhouse gases (GHGs). Additionally, the rising prices of diesel and gasoline are impelling individuals to purchase or share electric two-wheelers, at least for short-distance commute.

Major players in the North American electric scooters and motorcycles market are Zero Motorcycles Inc., KTM North America Inc., Energica Motor Company S.p.A., Razor USA LLC, TORROT ELECTRIC EUROPA S.p.A., Segway Inc., Lightning Motorcycle Corp., Harley-Davidson Inc., and Bell Custom Cycles.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Bell Custom Cycles
  • Harley-Davidson Inc.
  • KTM North America Inc.
  • Razor USA LLC
  • Segway Inc.
  • Zero Motorcycles Inc.
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Type
1.3.2 Market Segmentation by Battery Capacity
1.3.3 Market Segmentation by Battery
1.3.4 Market Segmentation by Application
1.3.5 Market Segmentation by Country
1.3.6 Analysis Period
1.3.7 Market Data Reporting Unit
1.3.7.1 Value
1.3.7.2 Volume
1.4 Key Stakeholders

Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.2.1.1 By country
2.2.1.2 By industry participant
2.3 Market Size Estimation
2.4 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 Type
4.1.1.1 Motorcycle
4.1.1.2 Scooter
4.1.1.3 Kick scooter
4.1.2 By Battery Capacity
4.1.2.1 < 5 kWh
4.1.2.2 5-10 kWh
4.1.2.3 10-15 kWh
4.1.2.4 >15 kWh
4.1.3 By Battery
4.1.3.1 Lead acid
4.1.3.2 Li-ion
4.1.4 By Application
4.1.4.1 Sharing services
4.1.4.2 Food and grocery
4.1.4.3 Personal users
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.1.1 Development in battery technology
4.3.1.2 Increasing investment and acquisition in the electric two-wheeler industry
4.3.1.3 Growing preference toward environment-friendly micromobility alternatives
4.3.2 Drivers
4.3.2.1 Government incentives and federal tax credits
4.3.2.2 Emergence of electric scooter sharing fleet
4.3.2.3 Low maintenance
4.3.2.4 Impact analysis of drivers on market forecast
4.3.3 Restraints
4.3.3.1 Lack of clarity on operational guidelines for electric kick scooters
4.3.3.2 Rising number of accidents
4.3.3.3 High purchase cost
4.3.3.4 Impact analysis of restraints on market forecast
4.3.4 Opportunities
4.3.4.1 Availability of smart charging stations
4.3.4.2 Food and beverages delivery
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Buyers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Intensity of Rivalry
4.4.5 Threat of Substitutes
4.5 Regulatory Landscape
4.5.1 Federal Tax Credit
4.5.2 State Incentives
4.6 Impact of COVID-19 on the Market

Chapter 5. North America Market Size and Forecast
5.1 By Type
5.2 By Battery Capacity
5.3 By Battery
5.4 By Application
5.5 By Country

Chapter 6. U.S. Market Size and Forecast
6.1 By Type
6.2 By Battery Capacity
6.3 By Battery
6.4 By Application

Chapter 7. Canada Market Size and Forecast
7.1 By Type
7.2 By Battery Capacity
7.3 By Battery
7.4 By Application

Chapter 8. Competitive Landscape
8.1 Market Share Analysis of Key Players
8.2 Competitive Benchmarking of Key Players
8.3 Product Benchmarking of Key Players
8.4 North America Strategic Developments of Key Players
8.4.1 Mergers and Acquisitions
8.4.2 Product Launches
8.4.3 Client Wins
8.4.4 Other Developments

Chapter 9. Company Profiles
9.1 KTM North America Inc.
9.1.1 Business Overview
9.1.2 Product and Service Offerings
9.2 Harley-Davidson Inc.
9.2.1 Business Overview
9.2.2 Product and Service Offerings
9.3 Razor USA LLC
9.3.1 Business Overview
9.3.2 Product and Service Offerings
9.4 Segway Inc.
9.4.1 Business Overview
9.4.2 Product and Service Offerings
9.5 TORROT ELECTRIC EUROPA S.A.
9.5.1 Business Overview
9.5.2 Product and Service Offerings
9.6 Zero Motorcycles Inc.
9.6.1 Business Overview
9.6.2 Product and Service Offerings
9.7 Energica Motor Company S.p.A.
9.7.1 Business Overview
9.7.2 Product and Service Offerings
9.8 Lightning Motorcycle Corp.
9.8.1 Business Overview
9.8.2 Product and Service Offerings
9.9 Bell Custom Cycles
9.9.1 Business Overview
9.9.2 Product and Service Offerings

Chapter 10. Appendix
10.1 Abbreviations
10.2 Sources and References
10.3 Related Report

List of Tables
Table 1 Analysis Period of The Study
Table 2 Drivers For The Market: Impact Analysis
Table 3 Restraints For The Market: Impact Analysis
Table 4 State-Wise Incentive Support For Electric Motorcycle
Table 5 North America Electric Scooters And Motorcycles Market, By Type, Units (2015-2020)
Table 6 North America Electric Scooters And Motorcycles Market, By Type, Units (2021-2025)
Table 7 North America Electric Scooters And Motorcycles Market, By Type, $M (2015-2020)
Table 8 North America Electric Scooters And Motorcycles Market, By Type, $M (2021-2025)
Table 9 North America Electric Scooters And Motorcycles Market, By Battery Capacity, Units (2015-2020)
Table 10 North America Electric Scooters And Motorcycles Market, By Battery Capacity, Units (2021-2025)
Table 11 North America Electric Scooters And Motorcycles Market, By Battery Capacity, $M (2015-2020)
Table 12 North America Electric Scooters And Motorcycles Market, By Battery Capacity, $M (2021-2025)
Table 13 North America Electric Scooters And Motorcycles Market, By Battery, Units (2015-2020)
Table 14 North America Electric Scooters And Motorcycles Market, By Battery, Units (2021-2025)
Table 15 North America Electric Scooters And Motorcycles Market, By Battery, $M (2015-2020)
Table 16 North America Electric Scooters And Motorcycles Market, By Battery, $M (2021-2025)
Table 17 North America Electric Scooters And Motorcycles Market, By Application, Units (2015-2020)
Table 18 North America Electric Scooters And Motorcycles Market, By Application, Units (2021-2025)
Table 19 North America Electric Scooters And Motorcycles Market, By Application, $M (2015-2020)
Table 20 North America Electric Scooters And Motorcycles Market, By Application, $M (2021-2025)
Table 21 North America Electric Scooters And Motorcycles Market, By Country, Units (2015-2020)
Table 22 North America Electric Scooters And Motorcycles Market, By Country, Units (2021-2025)
Table 23 North America Electric Scooters And Motorcycles Market, By Country, $M (2015-2020)
Table 24 North America Electric Scooters And Motorcycles Market, By Country, $M (2021-2025)
Table 25 U.S. Electric Scooters And Motorcycles Market, By Type, Units (2015-2020)
Table 26 U.S. Electric Scooters And Motorcycles Market, By Type, Units (2021-2025)
Table 27 U.S. Electric Scooters And Motorcycles Market, By Type, $M (2015-2020)
Table 28 U.S. Electric Scooters And Motorcycles Market, By Type, $M (2021-2025)
Table 29 U.S. Electric Scooters And Motorcycles Market, By Battery Capacity, Units (2015-2020)
Table 30 U.S. Electric Scooters And Motorcycles Market, By Battery Capacity, Units (2021-2025)
Table 31 U.S. Electric Scooters And Motorcycles Market, By Battery Capacity, $M (2015-2020)
Table 32 U.S. Electric Scooters And Motorcycles Market, By Battery Capacity, $M (2021-2025)
Table 33 U.S. Electric Scooters And Motorcycles Market, By Battery, Units (2015-2020)
Table 34 U.S. Electric Scooters And Motorcycles Market, By Battery, Units (2021-2025)
Table 35 U.S. Electric Scooters And Motorcycles Market, By Battery, $M (2015-2020)
Table 36 U.S. Electric Scooters And Motorcycles Market, By Battery, $M (2021-2025)
Table 37 U.S. Electric Scooters And Motorcycles Market, By Application, Units (2015-2020)
Table 38 U.S. Electric Scooters And Motorcycles Market, By Application, Units (2021-2025)
Table 39 U.S. Electric Scooters And Motorcycles Market, By Application, $M (2015-2020)
Table 40 U.S. Electric Scooters And Motorcycles Market, By Application, $M (2021-2025)
Table 41 Canada Electric Scooters And Motorcycles Market, By Type, Units (2015-2020)
Table 42 Canada Electric Scooters And Motorcycles Market, By Type, Units (2021-2025)
Table 43 Canada Electric Scooters And Motorcycles Market, By Type, $M (2015-2020)
Table 44 Canada Electric Scooters And Motorcycles Market, By Type, $M (2021-2025)
Table 45 Canada Electric Scooters And Motorcycles Market, By Battery Capacity, Units (2015-2020)
Table 46 Canada Electric Scooters And Motorcycles Market, By Battery Capacity, Units (2021-2025)
Table 47 Canada Electric Scooters And Motorcycles Market, By Battery Capacity, $M (2015-2020)
Table 48 Canada Electric Scooters And Motorcycles Market, By Battery Capacity, $M (2021-2025)
Table 49 Canada Electric Scooters And Motorcycles Market, By Battery, Units (2015-2020)
Table 50 Canada Electric Scooters And Motorcycles Market, By Battery, Units (2021-2025)
Table 51 Canada Electric Scooters And Motorcycles Market, By Battery, $M (2015-2020)
Table 52 Canada Electric Scooters And Motorcycles Market, By Battery, $M (2021-2025)
Table 53 Canada Electric Scooters And Motorcycles Market, By Application, Units (2015-2020)
Table 54 Canada Electric Scooters And Motorcycles Market, By Application, Units (2021-2025)
Table 55 Canada Electric Scooters And Motorcycles Market, By Application, $M (2015-2020)
Table 56 Canada Electric Scooters And Motorcycles Market, By Application, $M (2021-2025)
Table 57 Competitive Benchmarking of Key Players
Table 58 Product Benchmarking of Key Players
Table 59 Ktm North America Inc. - At A Glance
Table 60 Harley-Davidson Inc. - At A Glance
Table 61 Harley-Davidson Inc. - Key Financial Summary
Table 62 Razor Usa Llc - At A Glance
Table 63 Segway Inc. - At A Glance
Table 64 Torrot Electric Europa S.A. - At A Glance
Table 65 Zero Motorcycles Inc. - At A Glance
Table 66 Energica Motor Company S.P.A. - At A Glance
Table 67 Lightning Motorcycle Corp. - At A Glance
Table 68 Bell Custom Cycles - At A Glance

List of Figures
Fig 1 Research Scope
Fig 2 Research Methodology
Fig 3 Countrywise Split of Primary And Secondary Research
Fig 4 Breakdown of Primary Research By Counrty
Fig 5 Breakdown of Primary Research By Industry Participant
Fig 6 Data Triangulation Approach
Fig 7 North America Electric Scooters And Motorcycles Market Summary
Fig 8 Value Chain Analysis of North America Electric Scooters And Motorcycles Market
Fig 9 Porter's Five Forces Analysis
Fig 10 Bargaining Power of Buyers
Fig 11 Bargaining Power of Suppliers
Fig 12 Threat of New Entrants
Fig 13 Intensity of Rivalry
Fig 14 Threat of Substitutes
Fig 15 Snapshot of North America Electric Scooters And Motorcycles Market
Fig 16 North America Electric Scooters And Motorcycles Market, By Type, Units (2015-2025)
Fig 17 North America Electric Scooters And Motorcycles Market, By Battery Capacity, Units (2015-2025)
Fig 18 North America Electric Scooters And Motorcycles Market, By Battery, Units (2015-2025)
Fig 19 North America Electric Scooters And Motorcycles Market, By Application, Units (2015-2025)
Fig 20 North America Electric Scooters And Motorcycles Market, By Country, Units (2015-2025)
Fig 21 U.S. Electric Scooters And Motorcycles Market Snapshot
Fig 22 U.S. Electric Scooters And Motorcycles Market, By Type, Units (2015-2025)
Fig 23 U.S. Electric Scooters And Motorcycles Market, By Battery Capacity, Units (2015-2025)
Fig 24 U.S. Electric Scooters And Motorcycles Market, By Battery, Units (2015-2025)
Fig 25 U.S. Electric Scooters And Motorcycles Market, By Application, Units (2015-2025)
Fig 26 Canada Electric Scooters And Motorcycles Market Snapshot
Fig 27 Canada Electric Scooters And Motorcycles Market, By Type, Units (2015-2025)
Fig 28 Canada Electric Scooters And Motorcycles Market, By Battery Capacity, Units (2015-2025)
Fig 29 Canada Electric Scooters And Motorcycles Market, By Battery, Units (2015-2025)
Fig 30 Canada Electric Scooters And Motorcycles Market, By Application, Units (2015-2025)
Fig 31 North America Electric Motorcycles Market Share of Key Players (2020)
Fig 32 Harley-Davidson Inc. - Revenue Split By Segment And Geography (2020)
Note: Product cover images may vary from those shown
  • KTM North America Inc.
  • Harley-Davidson Inc.
  • Razor USA LLC
  • Segway Inc.
  • TORROT ELECTRIC EUROPA S.A.
  • Zero Motorcycles Inc.
  • Energica Motor Company S.p.A.
  • Lightning Motorcycle Corp.
  • Bell Custom Cycles
Note: Product cover images may vary from those shown

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