Electric Scooter and Motorcycle Marketย is slated to increase at a CAGR of 10.2% to reach a valuation of US$ย 93.9 billion
Electric Scooter and Motorcycle Market
By vehicle class, the luxury segment dominated the global market in terms of growth rate.
WILMINGTON, NEW CASTLE, DELAWARE, UNITED STATES, June 17, 2024 /EINPresswire.com/ -- The ๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐๐จ๐จ๐ญ๐๐ซ ๐๐ง๐ ๐๐จ๐ญ๐จ๐ซ๐๐ฒ๐๐ฅ๐ ๐๐๐ซ๐ค๐๐ญ report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape, and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners, and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐๐จ๐ฐ: https://www.alliedmarketresearch.com/request-sample/A12724
The factors such as increase in government initiatives toward electric mobility, rise in fuel prices, and consumer inclination toward use of e-bikes as an eco-friendly & efficient solution for commute supplement the growth of the electric scooter and motorcycle market. However, high initial cost of e-bikes and scooter and ban on use of e-bikes in major cities of China are the factors expected to hamper the growth of the market. In addition, improvement in infrastructure and growth in advancement in battery technology create market opportunities for the key players operating in the market.
๐๐ก๐ ๐ค๐๐ฒ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ฉ๐ซ๐จ๐๐ข๐ฅ๐๐ ๐ข๐ง ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ข๐ง๐๐ฅ๐ฎ๐๐
Hero Eco Vehicles Pvt Ltd, Lightning Motorcycles, Hero Electric, Essence Motorcycles, Blacksmith Electric, Ampere Vehicles Pvt Ltd (Greaves Cotton), KTM AG, Honda Motors, Johammer e-mobility GmbH, Bell Custom Cycles, Alta Motors, Harley Davidson, Husqvarna Motorcycles GmbH, Govecs Group, Electric Motion, AIMA Technology Group Co. Ltd, Energica Motor Company S.p.A
The report offers a detailed segmentation of the global electric scooter and motorcycle market based on vehicle type, battery type, range, power, vehicle class, usage, and region.
๐๐๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐ฒ๐จ๐ฎโ๐ซ๐ ๐๐๐ช๐ฎ๐ข๐ซ๐๐ฆ๐๐ง๐ญ๐ฌ: https://www.alliedmarketresearch.com/request-for-customization/A12724
The concept of electric scooter and motorcycle is typically attributed to the transportation options that use a propulsion technology, which does not produce internal combustion engine exhaust or other carbon emissions when it operates. The concept of electric motorcycle or scooter is integrated with an electric motor and rechargeable batteries for forwarding propulsion. It is primarily designed to replace conventional ways of travel as they lead to environmental pollution. The electric motorcycle & scooters are the upcoming technology that has already gained traction in various countries, including the U.S., Netherland, China, India, and Japan.
Based on range, the less than 75 miles segment held the dominating market share in 2021, holding nearly three-fifths of the global market, and is expected to maintain its leadership status during the forecast period. The more than 100 miles segment, on the other hand, is expected to cite the fastest CAGR of 13.0% during the forecast period.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
Based on region, the market across the Asia-Pacific region held the largest market share in 2021, holding more than three-fifths of the global market, and is expected to maintain its leadership status during the forecast period. The LAMEA region, on the other hand, is expected to cite the fastest CAGR of 13.3% during the forecast period.
๐๐ฎ๐ฒ ๐๐จ๐ฐ ๐ญ๐ก๐ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.alliedmarketresearch.com/checkout-final/d44b12b5883965993da5c1e739b1663b
In addition, the electric scooter and motorcycle market size has witnessed significant growth in recent years, owing to increased demand for improved vehicle performance and the inclination of consumers toward environment-friendly vehicles. Furthermore, the companies operating in the market have adopted partnerships, investments, and product launches to increase their market share and expand their geographical presence. For instance, in May 2022, Hero Electric announced a partnership with Cholamandalam Investment and Finance Company Ltd. (Chola), which was the financial services arm of Murugappa Group, to offer easy and smart financing options for its electric two-wheelers.
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By vehicle type, the E-Motorcycle segment dominated the global electric scooter and motorcycle market in terms of growth rate.
By battery type, the others segment dominated the global market in terms of growth rate.
By range, the more than 100 miles segment dominated the global market in terms of growth rate.
By power, the more than 5kW segment dominated the global market in terms of growth rate.
By vehicle class, the luxury segment dominated the global market in terms of growth rate.
By usage, the commercial segment dominated the global electric scooter and motorcycle market in terms of growth rate.
๐๐ก๐๐๐ค ๐จ๐ฎ๐ญ ๐ฆ๐จ๐ซ๐ ๐ซ๐๐ฅ๐๐ญ๐๐ ๐ฌ๐ญ๐ฎ๐๐ข๐๐ฌ ๐ฉ๐ฎ๐๐ฅ๐ข๐ฌ๐ก๐๐ ๐๐ฒ ๐๐๐ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Electric Vehicle Market - https://www.alliedmarketresearch.com/electric-vehicle-market
Europe Electric Vehicle Chargers Market - https://www.alliedmarketresearch.com/europe-electric-vehicle-chargers-market
Utility Vehicle Market - https://www.alliedmarketresearch.com/utility-vehicle-market-A12422
Electric Vehicle Range Extender Market - https://www.alliedmarketresearch.com/electric-vehicle-range-extender-market-A06026
David Correa
Allied Market Research
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