Electric Motorcycles & Scooters Market to value $55 Billion by 2032: Global Market Insights Inc.
Major electric motorcycles and scooters market participants include AIMA Technology Group Co., Ltd, Ampere Vehicles Pvt Ltd, Energica Motor Company S.p.A, GOVECS AG, Harley Davidson, Hero Electric, Jiangsu Xinri E-vehicle Co., Ltd., Yadea Technology Group Co. Ltd., Z Electric Vehicle and Zero Electric Motorcycles, among others.
Selbyville, Delaware, Jan. 19, 2023 (GLOBE NEWSWIRE) —
Electric Motorcycles & Scooters Market is expected to record a valuation of USD 55 billion by 2032, according to a from other voltage segment, which constitutes of 12V-60V and 72V batteries, is poised to record more than USD 8 billion by 2032. High-voltage batteries, which can provide high power output and long charging cycles, are ideal for heavy-duty electric motorcycles. These batteries have a power rating of 12V-60V and 72V which can be used in heavy-duty electric motorcycles that offer longer range. On the other hand, small electric scooters used for conducting shorter daily commutes in metropolitan cities are mainly powered by 12-volt batteries. Rising fuel prices and a pressing need for cheaper urban mobility solutions will influence the use of 12V-60V and 72V batteries in electric two-wheelers.
North America electric motorcycles & scooters market size surpassed around USD 400 million in 2022. The sales of electric two-wheelers have elevated due to growing traffic concerns in the region. These vehicles are increasingly replacing gasoline-powered vehicles for performing daily commutes. Demand for connected electric bikes and scooters with smart ride solutions is also growing in the United States and Canada. The widespread use of GPS and other smart navigational technologies made available by OEMs will greatly influence vehicle sales across these countries.
To obtain a competitive edge in the rapidly expanding electric motorcycles & scooters market, companies including Harley, Zero Motorcycles, and NIU Technologies are concentrating on the development of lightweight powertrain systems that reduce the overall vehicle weight and improve its performance. New vehicle launches with advanced features will also complement industry growth.
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Partial Table of Contents (ToC) of the report:
Chapter 2 Executive Summary
2.1 Electric motorcycles & scooters industry 360° synopsis, 2018-2032
2.2 Business trends
2.2.1 Total Addressable Market (TAM), 2023-2032
2.3 Product trends
2.4 Battery trends
2.5 Voltage trend
2.6 Regional trends
Chapter 3 Electric Motorcycles & Scooters Market Insights
3.1 Introduction
3.2 Impact of COVID-19
3.3 Russia-Ukraine war impact
3.4 Semi-conductors shortage impact on industry
3.5 Industry ecosystem analysis
3.6 Technology & innovation landscape
3.7 Patent analysis
3.8 Key initiative and news
3.9 Regulatory landscape
3.10 Electric vehicle sales
3.11 E-motor industry outlook
3.12 Industry impact forces
3.12.1 Growth drivers
3.12.1.1 Increasing government support for the promotion of e-mobility across the globe
3.12.1.2 Stringent emission regulations in North America
3.12.1.3 Growing presence of EV manufacturers in Europe and North America
3.12.1.4 Rising concerns about pollution levels in Asia Pacific
3.12.1.5 Growing awareness related to electric mobility in LATAM & MEA
3.12.2 Industry pitfalls & challenges
3.12.2.1 High initial investments in electric motorcycles & scooters
3.12.2.2 Limited charging infrastructure in developing economies
3.13 Growth potential analysis
3.14 Porter’s analysis
3.15 PESTEL analysis
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