1h Free Analyst Time
Global Low-powered Electric Motorcycle and Scooter Market: About this marketSpeak directly to the analyst to clarify any post sales queries you may have.
The low-powered electric motorcycle and scooter market analysis considers sales from electric scooters and electric motorcycles. Our study also finds the sales of low-powered electric motorcycle and scooter in APAC, Europe, MEA, North America, and South America. In 2019, the electric scooters segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the launch of high-performance electric scooters will play a significant role in the electric scooters segment to maintain its market position. Also, our global low-powered electric motorcycle and scooter market report looks at factors such as declining cost of Li-ion batteries, continuous improvements in electric motorcycles and scooters, and government subsidies and incentives for electric vehicles. However, high upfront and maintenance complexities of electric two-wheelers, lack of adequate supporting infrastructure for electric vehicles, and demand for EV batteries with improved efficiency may hamper the growth of the low-powered electric motorcycle and scooter industry over the forecast period.
Global Low-powered Electric Motorcycle and Scooter Market: Overview
Declining cost of Li-ion batteries
The battery is one of the key contributors to the overall cost of an electric motorcycle or scooter. The cost of Li-ion batteries has been declining over the years owing to the increasing popularity of electric-powered passenger cars and buses. Manufacturers are increasingly preferring efficient and economic Li-ion batteries to enhance vehicle production efficiency. The adoption of low-cost or economic Li-ion batteries aids in the minimization of the overall production cost incurred in manufacturing low-powered electric motorcycles and scooters. Furthermore, with lowering prices of raw materials such as battery-grade lithium carbonate and lithium hydroxide, the prices of Li-ion batteries are further likely to reduce during the forecast period. Thus, the declining cost of Li-ion batteries will lead to the expansion of the global low-powered electric motorcycle and scooter market at a CAGR of over 6% during the forecast period.
Emergence of all-electric off-road motorcycles
Off-road motorcycles or adventure motorcycles have started witnessing significant popularity in recent years. As a result, various prominent motorcycle manufacturers are increasingly focusing on the off-road segment and increasing their offerings by expanding their product portfolios. In addition, rising environmental awareness and governmental push for minimizing CO2 emissions are also likely to impact the electric off-road two-wheeler market segment positively during the forecast period. This development is expected to have a positive impact on the overall market growth.
Competitive Landscape
With the presence of several major players, the global low-powered electric motorcycle and scooter market is fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading low-powered electric motorcycle and scooter manufacturers, that include Electrotherm Ltd., Greaves Cotton Ltd., Hero Electric Vehicles Pvt. Ltd., Mahindra & Mahindra Ltd., Niu Technologies, SONGUO MOTORS Co. Ltd., TACITA Srl, Z Electric Vehicle Corp., Zero Motorcycles Inc., and Zhejiang Luyuan Electric Vehicle Co. Ltd.
Also, the low-powered electric motorcycle and scooter market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Table of Contents
PART 01: EXECUTIVE SUMMARYPART 07: CUSTOMER LANDSCAPEPART 09: DECISION FRAMEWORK
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY VEHICLE TYPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
List of Exhibits
Executive Summary
The following companies as the key players in the global low-powered electric motorcycle and scooter market: Electrotherm Ltd., Greaves Cotton Ltd., Hero Electric Vehicles Pvt. Ltd., Mahindra & Mahindra Ltd., Niu Technologies, SONGUO MOTORS Co. Ltd., TACITA Srl, Z Electric Vehicle Corp., Zero Motorcycles Inc., and Zhejiang Luyuan Electric Vehicle Co. Ltd.Commenting on the report, an analyst from research team said: “The latest trend gaining momentum in the market is the emergence of all-electric off-road motorcycles.”
According to the report, one of the major drivers for this market is the declining cost of Li-ion batteries.
Further, the report states that one of the major factors hindering the growth of this market is the lack of adequate supporting infrastructure for electric vehicles.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Electrotherm Ltd.
- Greaves Cotton Ltd.
- Hero Electric Vehicles Pvt. Ltd.
- Mahindra & Mahindra Ltd.
- Niu Technologies
- SONGUO MOTORS Co. Ltd.
- TACITA Srl
- Z Electric Vehicle Corp.
- Zero Motorcycles Inc.
- Zhejiang Luyuan Electric Vehicle Co. Ltd.
