Global Electric Scooter and Motorcycle Market By Vehicle (Electric Scooter, and Electric Motorcycle), By Battery (Sealed lead acid (SLA), Lithium-ion (Li-ion)), By Technology (Removable Battery, Non-Removable Battery), By End-User (Kids, Adult), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Electric Scooter and Motorcycle Market Overview:

The Global Electric Scooter and Motorcycle Market is projected to be USD 21.09 Bn in 2021 to reach USD 69.84 Bn by 2032 at a CAGR of 11.5%.

Global Electric Scooter and Motorcycle Market is driven by increasing investments towards the electric vehicle segment, couple with the increased spending capacities of individuals in both developed and developing nations

Electric scooters and motorcycles are plug-in electric vehicles with 2 or 3 wheels. Electric scooters can primarily consist of 2 or 3 wheels, whereas electric motorcycles have 2 wheels. An electric motorcycle shares the same design as a conventional motorcycle, however, it has an electric motor and batteries instead. Additionally, electric scooters are designed to have a step-through frame with a smaller electric motor and battery capacity.

In these electric vehicles, the user can either use a plug-in charger to directly charge the vehicle, or remove the battery and have it charged separately. The removable battery option is specifically designed for individuals residing in communities/apartments where they don’t have the ability to charge their respective vehicles at a designated EV charging area.

Global Electric Scooter and Motorcycle Market Revenue (US$ Mn), 2021–2031

The rising cost of gasoline, along with the high maintenance costs of ICE motorcycles, are important factors that increase the overall operating costs of these vehicles. However, electric scooters and motorcycles do not have such high operating and maintenance costs, as they have fewer moving parts, and battery changes (usually not as frequent) in electric vehicles are a major cost that you must. assume the consumer.

These are primary factors that are expected to increase the expected profit margins for this particular industry. Increased consumer awareness of climate change, the degree of environmental damage, the harmful effects of pollution, etc., are also factors that are expected to further amplify the projected revenues for this global market in the coming years.

The lack of charging infrastructure in several developed and developing economies, along with the high costs of these vehicles, are some of the factors that are expected to hamper the sales trajectory of this market. The COVID-19 pandemic has slowed critical business activities in several countries. The main factor behind this slowdown is the countermeasures adopted by the respective countries to slow down the trajectories of this virus.

As major economies impose pre-emptive closures, a significant gap is being created between market supply and demand, making it more difficult for both manufacturers and distributors to effectively manage their respective operations. This is a major factor that is expected to influence future revenue growth prospects. However, as these locks are gradually lifted and economies begin to recover, this market is expected to reflect the same.

Global Electric Scooter and Motorcycle Market Attractiveness Analysis by Vehicle Type, 2015–2031

Global Electric Scooter and Motorcycle Market is segmented based on capacity, end-user and region. Based on Vehicle Type, the market is segmented into Electric Scooter, and Electric Motorcycle. The Electric Scooter segment accounts for the majority share and is expected to witness significant share in terms of revenue over the forecast period.

Based on Battery Type, the market is segmented into Sealed lead acid (SLA), Lithium-ion (Li-ion), Other Battery Types. The Lithium-ion (Li-ion) segment accounts for the majority share and is expected to witness significant share in terms of revenue over the forecast period. Based on Technology, the market is segmented into Removable Battery, and Non-Removable Battery. The Non-Removable Battery segment accounts for the majority share and is expected to witness significant share in terms of revenue over the forecast period.

Based on end-user, the market is segmented into Kids and Adult. The Adults segment accounts for a majority share in the Global Electric Scooter and Motorcycle Market. By region, the market is segmented into North America, Europe, APAC, South America and Middle East Africa. Based on the region, Asia-Pacific market is estimated to account for major revenue share and is projected to dominate the Global Electric Scooter and Motorcycle Market in the next coming years.

Market Segmentation

Based on Product Type:

• Electric Scooters
• Electric Motorcycles

Based on Battery Type:

• Sealed Lead Acid
• Lithium-Ion
• Other Battery Types

Based on Technology:

• Removable
• Non-Removable

Based on Application:

• Kids
• Adults

Based on Regions:

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

Based on Key Players:

• Xiaomi Corp
• Mahindra & Mahindra Ltd.
• Yadea Group Holdings Ltd.
• Ninebot Ltd. (Segway Inc.)
• Jiangsu Xinri E-Vehicle Co. Ltd
• Byvin Holding Group Co. Ltd.
• Bird Rides Inc.
• Razor Usa Llc
• Zhejiang Luyuan Electric Vehicle Co. Ltd
• Shenzhen RND Electronics Co. Ltd.
• LIMA Vehicle Group Co. Ltd.
• Jinhua Joyor Vehicle Co. Ltd
• Super Eco Automotive Co. LLP
• Shandong Incalcu Electric Vehicle Co. Ltd
• Lvjia Vehicle Science & Technology Ltd.
• Dongguan Tailing Electric Vehicle Co. Ltd
• Aima Technology Group Co. Ltd.
• Others

For the Electric Scooter and Motorcycle Market research study, the following years have been considered to estimate the market size: