Electric Scooter and Motorcycle Market - Trends Forecast Till 2028

Electric Scooter and Motorcycle Market, by Vehicle Type (E-Scooter/Moped, E-Motorcycle and 3W), Battery Type (Sealed Lead Acid, Lithium-Ion), by Distance Covered (Below 75 Miles, 75–100 Miles, Above 100 Miles), by Voltage Type (36V, 48V, 60V, 72V), Technology Type (Plug-In and Battery), By Vehicle Class (Economy Class, Luxurious/Premium Class), Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: January, 2021

Base Year Estimate: 2020

Report ID: D-AU-ESMM-71

Format:  

Number of Pages: 279

Domain: Automotive

Electric Scooter and Motorcycle Market – Trends Forecast Till 2028

The global electric scooter and motorcycle market is anticipated to reach 921 thousand units by 2021 and growing at a CAGR of 32.4% during the forecasting period, 2021-2028. Electrification of mobility deals with numerous benefits such as reduction of oil dependency and improvement of the environment. In the same way, there are a number of driving forces linked with EVs’ adoption, namely reduction in greenhouse gas emissions (GHG), demand for efficient energy usage, gasoline savings, and low operating cost. The resisting forces prompting the approval of EVs include inadequate range, high purchase price, and slow charging, among others

The global market for electric vehicles has been growing at a fast rate. The electric scooters, explicitly, was valued at 19.7 billion dollars in 2019, growing at a CAGR of 18.4% between 2019 and 2026

Increasing government focus towards incentives and subsidies, technological advancement in battery manufacturing, and Low operational and maintenance costs, are some of the factors that have supported long-term expansion for the electric scooter and motorcycle market. 

Electric Scooter and Motorcycle Market – Trends Forecast Till 2028

The Global Electric scooter and motorcycle market are segmented into Vehicle Type, Battery Type, Distance Covered, Voltage Type, Technology Type, Vehicle Class, and Geography.

Vehicle Type segment is segmented into E-Scooter/Moped, E-Motorcycle, and 3W

Battery Type segment is segmented into Sealed Lead Acid and Lithium-Ion  

Distance Covered segment is segmented into below 75 Miles, 75–100 Miles, and above 100 Miles

Voltage Type segment is segmented into36V, 48V, 60V, and 72V

Technology Type segment is sub-segmented into Plug-In and Battery

Vehicle Class segment is segmented into Economy Class and Luxurious/Premium Class

Geographically, the global electric scooter and motorcycle market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions

Asia-Pacific region has come up as the prominent region for the leading share in the overall global market during the forecast period 2021-2028.

Key players in the global Electric scooter and motorcycle market are Yadea Group Holdings Ltd., Jiangsu Xinri E-Vehicle Co., Ltd., NIU International, Silence Urban Ecomobility, and Hero Electric.

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Research Methodology

Secondary Research

This research method involved the usage of extensive secondary sources (such as directories and databases)—Hoovers, Avention, annual reports, investor presentation, conferences like Jefferies conference)—to identify and collect information useful for this study of the Electric scooter and motorcycle market. The purpose of secondary research is to identify and collection of extensive, technical, market-oriented, and commercial studies of the global Electric scooter and motorcycle market. Through secondary research, the market is classified and segmented as per industry trends, developments, regional markets, products, and technological developments. 

Primary Research

The primary sources mainly included several industry experts from the core and related industries and suppliers, manufacturers, distributors, alliances, and organizations related to all segments of this industry’s supply chain. In-depth interviews were conducted with various primary respondents—including key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts—to obtain and verify critical qualitative and quantitative information as well as to assess future prospects. The following figure depicts the market research methodology used in drafting this report on the Electric scooter and motorcycle market.

Primary Respondent breakdown is given below:

Electric Scooter and Motorcycle Market

Market Sizing

Top-down and bottom approaches were used to derive the market estimate and validate the total revenue of the Electric scooter and motorcycle market. This approach has also been used to derive the market for segmentation and sub-segmentation. 

Data Validation

Impact analysis has been conducted for deriving the market size. After collecting the in-depth quantitative and qualitative data, we contact primary respondents in order to gain a 98.8% of confidence level on our data.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants 

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors
  • Gain authentic and granular data access for the Electric scooter and motorcycle market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2021

921 Thousand Units

Growth Rate

CAGR of 32.4% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year 

2020

Units Considered

Volume in Thousand Units and CAGR from 2021 to 2028

Report Segmentation

Vehicle Type, Battery Type, Distance Covered, Voltage Type, Technology Type, Vehicle Class, and Geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and the Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Yadea Group Holdings Ltd., Jiangsu Xinri E-Vehicle Co., Ltd., NIU International, Silence Urban Ecomobility, and Hero Electric.

Available Customization 

In addition to the market data for the Electric scooter and motorcycle market, Delvens offers client-centric reports and customized according to the company’s specific demand and requirement.

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