Global Electric Scooter & Motorcycle Market (2021-2026) by Vehicle Type, Product Type, Battery Covered, Distance Covered, Technology, Voltage, Vehicle Class, Geography, Competitive Analysis and the Impact of COVID-19 with Ansoff Analysis

The Global Electric Scooter & Motorcycle Market is estimated to be USD 6.62 in 2021 and is expected to reach USD 12.8 Bn by 2026, growing at a CAGR of 14.2 %.

Market Dynamics

Key factors, such as the rising carbon emissions and the growing fuel prices have certainly benefitted the growth of the electric scooter and motorcycle market. Moreover, in order to induce the demand in the electric mobility segment, the respective Governments have promised subsidies and have laid certain initiatives that have boosted the demand for the electric two-wheeler segment further. Additionally, the increasing affordability of electric scooters has further accelerated the growth of the market.

However, the high initial costs of e-motorcycle or e-scooter along with the battery prices is likely to hinder the growth of the market. Moreover, the time taken to recharge the battery is also restraining the growth of the market.

Market Segmentation

The Global Electric Scooter & Motorcycle Market is segmented further based on vehicle type, product type, battery covered, distance covered, technology, voltage, vehicle class and Geography.

By Vehicle Type, the market is classified as E-Scooter/Moped and E-Motorcycle. Amongst the two, the E-Motorcycle segment is estimated to hold the highest market share.

By Product Type, the market is classified as Retro, Standing/Self-Balancing, and Folding. Amongst all, the Retro segment is estimated to hold the highest market share during the forecast period.

By Battery Covered, the market is classified as sealed lead-acid and Lithium-ion. Amongst all, the Lithium-ion battery segment is estimated to hold the highest market share.

By Distance Covered, the market is classified as below 75 miles, 75-100 Miles, and above 100 Miles. Amongst all, the below 75 miles segment is estimated to hold the highest market share.

By Technology, the market is classified as Plug-in and Battery. Amongst the two, the battery segment is estimated to hold the highest market share.

By Voltage, the market is classified as 36V, 48V, 60V, and 72V. Amongst the two, the 48V segment is estimated to hold the highest market share.

By Vehicle Class, the market is classified as Economy and Luxury. Amongst the two, the Economic segment is estimated to hold the highest market share.

By Geography, APAC is projected to lead the market.

Recent Developments
1. Polaris has signed a 10-year exclusive partnership with Zero Motorcycles for manufacturing electric sports vehicles that include ATVs and snowmobiles. This is likely to be introduced by 2025. Through this agreement, Polaris seeks to add new electric vehicles to their off-road and power sports vehicles. - 29th September 2020
2. Terra Motors Corporation has lined up the electric two-wheeler segment catered specially for the Indian market. It is likely to be slated by 2020. - 9th May 2018

Company Profiles

Some of the companies covered in this report are Mahindra GenZe, BMW Motorrad International, Vmoto Limited, Terra Motors Corporation, Gogoro Inc, KTM AG, SUNRA, and Jiangsu Xinri Electric Vehicle Co. Ltd.

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Electric Scooter & Motorcycle Market.
• The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes in-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
• The report also contains the competitive analysis using the Competitive Quadrant, the analyst's Proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market

This product will be delivered within 1 business day.