Electric Scooter and Motorcycle Market Overview, Challenges, Growth and Demand Forecast, 2013-2025

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Electric Scooter and Motorcycle Market by
Product, Battery Type, Voltage, Technology,
Geography, Development, Growth and Demand
Forecast, 2013-2025
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Electric scooter and motorcycle market is
projected to reach 13,864.0 million by 2025,
according to PS Intelligence.   The market is
predominantly driven by tax concession on
eco-friendly vehicles, growing concern for
increasing carbon emissions, low maintenance cost
of electric two-wheelers, and favorable
regulatory environment. Globally, the increasing
greenhouse gas (GHG) emissions have been a great
concern for environmentalists and governments.
This concern has led to an increase in the
overall growth of electric two-wheeler sales and
its adoption worldwide, thus acting as a prime
driver for the growth of the market.
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Insights into Market Segments   On the basis of
product, the electric scooter and motorcycle
market has been categorized into scooter and
motorcycle. In terms of value, electric scooter
held larger market share, accounting for more
than 95 share in 2017 and is poised to continue
dominating the market in the coming years as
well. The dominance is backed by high demand for
electric scooters and mopeds in Asia-Pacific
(APAC) region, specially from female drivers.
However, the market for electric motorcycle is
expected to grow faster during the forecast
period. Globally, APAC led the electric scooter
and motorcycle market during the historical
period and the region is expected to continue
leading the market in the coming years as well.
The growth of the market in APAC is due to rapid
urbanization and increase in household incomes,
which are attracting consumers to replace their
fuel-driven two-wheelers with the electric
variant. China, Japan, and India are the major
electric two-wheeler markets in APAC. The
government subsidies are the major factor for the
consumers to buy electric two-wheelers in the
developing economies of APAC region, such as
China and India.
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The key players in the electric scooter and
motorcycle market include GOVECS Group, Ampere
Vehicles Pvt. Ltd., Vmoto Limited, Hero Electric
Vehicles Pvt. Ltd., Energica Motor Company
S.p.A., and BMW. Request to Get the Sample
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