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Global Electric Scooter and Motorcycle Market Report 2018: Analysis & Forecast by Product, Battery Type, Voltage, Technology, & Geography – 2024

scooter 1.pngElectric scooters and motorcycles are electricity-powered two-wheelers. The global electric scooters and motorcycles market is growing at a significant rate, due to promising government initiatives and support on eco-friendly vehicle, and surge in the requirement of the competent vehicle with zero carbon emission. Electric scooters majorly contributed to the electric scooters and motorcycles market size. The market has witnessed a high demand for scooters in the last few years due to its light weight and rapid adoption for daily commute in the urban areas.

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The promising government initiatives and support for eco-friendly vehicle such as subsidies and tax benefits; the increasing concern for air pollution caused by gasoline based vehicle’s; traffic congestion issues, and launch of novel technologies are the primary growth drivers for the electric scooters and motorcycles market. Moreover, low maintenance compared to vehicles equipped with internal combustion engines has resulted in augmented acceptance.

Geographically, Asia-Pacific is the largest electric scooters and motorcycles market due to government support in the mode of permits, supports, and tax rebates. Rapid urbanization, mounting alarm about environmental pollution, traffic congestion, and mounting disposable income are also up surging growth of the Asia-Pacific electric scooters and motorcycles market.

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In addition, China accounted the largest share in the Asia-Pacific market, due to the large population base. Moreover, availability of strong charging infrastructure and rapid urbanization are the factors driving the growth of the China electric scooters and motorcycles market. Moreover, India is expected to grow at the fastest rate in the Asia-Pacific market.

Key players in the electric scooters and motorcycles market are catering the demand by collaborating with small players and investing in technologically advanced EVs across the globe. In July 2018, The GOVECS Group acquired the ELMOTO brand, to improve its product portfolio. Amego Electric Vehicles Inc., Energica Motor Company S.p.A, Govecs Group, Alta Motors, Mahindra GenZe, Bayerische Motoren Werke (BMW) AG, Hero Electric Vehicles Pvt. Ltd., and AIMA Technology Co. Ltd. are the key players offering electric scooters and motorcycles.

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