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Electric Scooter And Motorcycle Market Key Players, SWOT Analysis, Dynamics, Drivers, Key Indicators and Forecast to 2027

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According to Nova One Advisor , the global Electric Scooter And Motorcycle market value was estimated at US$ 5.4  billion in 2020 and is projected to reach US$ 14.9  billion by 2027, registering a CAGR of 15.7% from 2020 to 2027. The report contains 150+ pages with detailed analysis.

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Growth Factors:

The market Major factors driving the growth of electric motorcycle & scooters market size are improving charging infrastructure, innovative battery technologies, increasing demand for efficient commuting options, and improving design & performance specifications, very less maintenance compared to Internal combustion engine scooter and motorcycle.

Increasing demand for high-performance and long-range electric motorcycles is expected to drive the electric motorcycle & scooter market size. The shift in consumer preferences towards electric motorcycles due to an increase in harmful carbon emissions is increasing the Electric motorcycle demand. Electric motorcycles help to significantly reduce CO2 emissions, carbon footprints, and noise pollution, thus gaining popularity over internal combustion engine (ICE) powered motorcycles.

Countries implementing regulations and policies in favor of electric two-wheelers are expected to fuel electric motorcycle & scooter market size growth. Many countries have recognized the need for electric power to reduce the increasing pollution from cars.

Technological advancements in the field of motors and battery management systems will fuel the growth of electric motorcycles and scooter market size. For example, the development of Interior Permanent Magnet (IPM) engines that provide optimized power and efficiency to enhance the performance of electric motorcycles and scooters. This will, in turn, fuel the electric motorcycles and scooters market growth. These engine’s compact size and reduced weight provide enhanced power and acceleration for electric scooter and motorcycle.

Features such as low operating and maintenance costs are expected to drive the electric motorcycle & scooter market size growth. Consumers in emerging countries are already affected by the increased cost of petrol. Electrical two-wheelers operating on electricity will definitely reduce the operating costs of these vehicles. Manufacturers are expected to develop electric scooters and motorcycles with a higher range than the current generation of electric two-wheelers.

However, the lack of charging infrastructure might hinder the market growth. A widespread and extensive charging infrastructure network is needed for users.

Electric Scooter And Motorcycle market Dynamics:
Driver:
One of the most important factors driving the electric scooter and motorcycle market is the increasing prices of petroleum products. Consumers from emerging countries are already affected by the increased cost of petrol. Electrical two-wheelers operating on electricity will definitely reduce the operating cost of these vehicles. These two-wheelers are more efficient than conventional ones. Manufacturers are expected to develop electric scooters and motorcycles that have a higher range than the current breed of electric two-wheelers. As there are lesser moving parts than conventional two-wheelers, maintenance will also not be a concern. The highest maintenance cost would be the cost of changing the battery, which, however, is not frequent.

Electric Scooter And Motorcycle market of Restraint: 
The biggest hurdle in the growth of the electric scooter and motorcycle market would be the lack of charging infrastructure. For any user, the most important concern before buying any electric two-wheeler would be the convenience of charging that vehicle anywhere and anytime. Unlike developed countries, most of the emerging countries lack the necessary charging facilities. Manufacturers have started providing charging facilities of their own; however, they are not enough to make the charging process hassle-free. A widespread and extensive charging infrastructure network is needed for users for the growth of the electric two-wheeler market and covers long distances without bothering about locating a charging station.

Electric Scooter And Motorcycle market  Opportunity: 
The electric scooter and motorcycle market is expected to grow with time and growing support from government bodies of different countries. Many countries have recognized the need to go electric to reduce the increasing pollution from automobiles, with the US and China already gearing up to electric vehicles. India has recently announced that it may stop producing ICE two-wheelers under the 150 cc segment by 2025. Similarly, many countries would be introducing such regulations and policies in favor of electric two-wheelers in the future. Manufacturers would also get due exemptions in terms of taxes and imports-exports, resulting in the growth of the electric scooter and motorcycle market.

Electric Scooter And Motorcycle market of Challenge: 
Although electric two-wheelers are more energy-efficient than conventional two-wheelers, they are still not up to the mark in terms of design and performance standards. One of the biggest challenges for this market is the lack of consumer attention because of unappealing design and average performance. For example, the Indian electric scooter and motorcycle market has limited options with average design and performance. Therefore, the verdict is clear-manufacturers need to work on the quality of design and performance of electric two-wheelers to shoot up their demand.

Regional analysis:

Asia Pacific is expected to be the largest market. Large sales production and sales volumes in China, growing demand for affordable electric scooters for short-distance commuting, and governments promoting electric two-wheelers are expected to drive the Asia Pacific market during the forecast period. China’s rapidly growing economy is driving the expansion of advanced technologies to improve electrification in the country. China has spent approximately USD 2.3 billion till 2020 to improve the charging facility infrastructure in the country. The Indian government is taking initiatives such as FAME-II, offering subsidies and tax exemptions to buyers to promote electric two-wheelers in the country.

Download This Full Research Report (Single User License US$ 3500)https://www.novaoneadvisor.com/report/checkout/5969

Recent report on the Electric Scooter And Motorcycle market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the Electric Scooter And Motorcycle market analyzes the scenario for the period of 2017 to 2027, wherein, 2021 is the base year and 2020 is historical data. This report enables readers to make important decisions with regard to their business, with the help of a wealth of Information enclosed in the study. The report also provides the compound annual growth rate (CAGR) of the global Electric Scooter And Motorcycle market for the forecast period of 2021–2027. This data can help readers interpret quantitative growth aspects of the global market during the forecast period. It presents a wealth of information on key market dynamics, including drivers, market trends, and challenges, as well as the structure of the global market across the globe.

The report analyzes the historical and present-day scenario of the global Electric Scooter And Motorcycle market to accurately gauge its growth potential. The study presents detailed information about important growth factors, restraints, and key trends that are creating the landscape for growth of the global market in order to identify opportunities for stakeholders.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments in the scope of the study. Moreover, the report sheds light on the changing competitive dynamics in the Electric Scooter And Motorcycle market. These indices serve as valuable tools for existing market players as well as for entities interested in participating in the market.

The report delves into the competition landscape of the global Electric Scooter And Motorcycle market. Key players operating in the market have been identified and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the Electric Scooter And Motorcycle market that are profiled in this report.

Y-o-Y growth comparison, volume and revenue comparison, and market share comparison of various market segments are provided in the report. The Electric Scooter And Motorcycle market is analyzed at both regional and country levels.

Some of the prominent players in the Electric Scooter and Motorcycle Market include:  Yadea Group Holdings Ltd., Jiangsu Xinri E-Vehicle Co., Ltd.,NIU International, Silence Urban Ecomobility, and Hero Electric.

Segments Covered in the Report

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2027 and covers subsequent region in its scope:

By  vehicle type:

  • E-Scooter/Moped
  • E-Motorcycle

By battery type:

  • Sealed lead acid
  • Lithium-ion

By distance covered:

  • Below 75 miles
  • 75-100 Miles
  • Above 100 Miles

By  technology:

  • Plug-in
  • Battery

By  voltage:

  • 36V
  • 48V
  • 60V
  • 72V

By vehicle class:

  • Economy
  • Luxury

Research Methodology

A unique research methodology has been utilized to conduct a comprehensive research on the growth of the global Electric Scooter And Motorcycle market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions. Secondary sources referred to by analysts during the production of the global market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.

These primary and secondary sources provided exclusive information during interviews, which serves as a validation from mattress topper industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global Electric Scooter And Motorcycle market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped to estimates the future prospects of the global market more reliable and accurate.

Key Questions are

  • What are the key factors influencing the Electric Scooter And Motorcycle market in each region?
  • How much value will the global market generate by the end of the forecast period?
  • What will be the CAGR of the global market between 2021 and 2027?
  • What would be the Y-o-Y growth trend of the global market between 2021 and 2027?
  • What is the future scope and current trends in technologies of the global market?
  • What is the revenue of the global market based on segments?
  • Which key strategies are used by top players of the global market?
  • Which are the leading companies in the global market?
  • What are the essential strategies by key stakeholders in the market to expand their geographic presence?
  • What are the major advancements witnessed in the global market?

Why should you invest in this report?

If you are aiming to enter the global Electric Scooter And Motorcycle market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Electric Scooter And Motorcycle are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

Purchase Full Research Report (Single User License US$ 3500)@https://www.novaoneadvisor.com/report/checkout/5969

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My name is Steve Robber, I’m the Owner of Market Stats News. Steve has served in many positions at various organizations for the past seven years. Currently he is an Author at Finance.Yahoo. Contact us for a free news publication, we look forward to speaking with you!

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