22 March 2021
Visiongain has published a new report on Electric Scooter and Motorcycle Market Report to 2031: Forecasts by battery Type (Lithium-ion and Sealed Lead Acid), by Vehicle Type (e-Motorcycle and e-Scooter/Moped), by Technology Type (Battery and Plug-in), by Range (Below 75 miles, 75-100 miles, Above 100 miles), by Voltage type (36V, 48V, 60V, and 72V) and Regions PLUS Profiles of Leading Electric Scooter and Motorcycle type Manufacturing Companies and Regional and Leading National Market Analysis. PLUS COVID-19 Recovery Scenarios.
Global Electric Scooter and Motorcycle type market was valued at US$ xx billion in 2019 and is projected to reach at a market value of US$ xx billion by 2031. Growing demand of cleaner transportation, government regulations and initiative to increase EV penetration and develop charging stations will open the electric scooter and motorcycle market to expand.
COVID-19 Impact on Electric Scooter and Motorcycle type Market
As Covid-19 has caused a lot of damage in various industries, it has brought automotive industry to a halt too by causing vehicle production, supply disruptions, Research and Development and Product innovation. Restrictions due to pandemic caused market to see downfall but expect to balance and upsurge during first quarter of 2021. However, the electric vehicle market in many geographies remained resilient to Covid-19 downturns and witnessed reasonable growth.
There are various factors supporting the growth of the electric scooter and motorcycle market. Primarily, the push from the government by through electrification targets and offering attractive incentives to OEMs, component manufacturers and customers drive the market growth. Growing demand for last mile delivery services also drives the market growth.
Significant opportunities exist in the developing markets where there is higher demand and penetration of two-wheelers for personal mobility. Opportunities also exists in new and innovative business models such as last mile delivery, logistics, food delivery and shared mobility services. Shared mobility services are anticipated to witness high penetration of electric scooters and motorcycles over the forecast period.
The global Electric Scooter and Electric Motorcycle type market is dominated by big players such as Yadea, Hero Electric, Vmoto, Electrotherm, Piaggio Group, Energica Motor Company, Energica Motor Company, BMW Group, KTM AG and Jiangsu Xinri E-Vehicle Co., Ltd. These companies have secured their position in the market to offer wide range of electric scooters and motorcycles. The key strategies adopted by these companies is to sustain their market position are new technology, new product development, Contract agreement and Collaborations.
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