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The electric bikes and scooters market size is expected to see strong growth in the next few years. It will grow to $39.1 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%.
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Implementation of strict vehicular emission norms by several countries including Canada, China, Japan, U.S. and others is aiding large-scale adoption of electric scooters and motorcycles for routine commute.
The new Electric Transporters Market report offers a comprehensive study of the present scenario of the market coupled with major market dynamic. Also, it highlights the in-depth market analysis with the latest trends, drivers and its segments with respect to regional and country. Further, this report profiles top key players of the electric transporters and analyze their market share, strategic development and other development across the globe.
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Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/218 Various factors such as integrated mobility, inclination towards eco-friendly transportation and development of mega cities are anticipated to positively impact the industry demand. In addition, increasing environmental apprehension accompanied by availability of these electric vehicles at affordable prices is anticipated to fuel the industry growth over the several forth coming years. Advent of several awareness initiatives taken by governments to promote the adoption of electric vehicles is likely to boost the industry demand over the forecast period. Attributes such as low operational and maintenance costs offered by these electric vehicles is estimated to augment electric two wheelers market demand.
The North America electric scooters and motorcycles market attained a size of $154.8 million in 2018, and it is predicted to progress at a CAGR of 28.4% during the forecast period (2019–2024).
Electric Bike Market: Pedelec Segment by Product Type to Retain Its Dominance Throughout the Forecast Period: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027
Micro-mobility charging infrastructure market size is projected to expand at over 24% from 2024 to 2032, due to the increasing adoption of electric micro-mobility solutions, such as e-scooters and e-bikes. Governments worldwide are promoting sustainable transportation and implementing favorable policies, including subsidies and incentives, further fueling the demand for multiple charging infrastructure. For instance, in December 2023, Standab, a Swedish startup specializing in micromobility infrastructure, launched its initiative to deploy charging-enabled parking bays for bicycles and electric scooters.
Electric powered bikes have become common these days. People are shifting to this alternate from the traditional fuel-driven modes of transportation. While there are many reasons to do so, it is important to understand that electric bikes are here to stay. They are more affordable, good for the environment, and have an innovative approach. These battery-driven vehicles are turning heads on-road and becoming common but will they replace the standard vehicles in the future? It is difficult to say because, despite its pros, electric bikes in terms of mileage, longer battery life, and availability have a long journey ahead.
According to the latest research report by IMARC Group, The global foldable electric vehicle market size reached US$ 6.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.6 Billion by 2028, exhibiting a growth rate (CAGR) of 12.48% during 2023-2028. More Info:- https://www.imarcgroup.com/foldable-electric-vehicle-market
Global Electric Vehicles (On Road) Market is estimated to reach $168.3 Billion by 2024; growing at a CAGR of 8.4% from 2016 to 2024. An electric vehicle uses one or more electric motors or adhesive friction motors for impulsion.
The two-wheeler hub motor market consists of sales of two-wheeler hub motors by entities (organizations, sole traders, and partnerships) that are used to power rear-wheel drive vehicles. A hub motor is an electrical motor that is attached to the wheels and converts electric power to motive power to provide traction. It helps in reducing the weight of the vehicle, reduces fuel consumption, extends the life of a two-wheeler, and lowers maintenance costs.
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The analysts forecast global battery market for e-scooters to grow at a CAGR of 0.21% during the period 2016-2020. Complete Report Available at http://www.sandlerresearch.org/global-battery-market-for-e-scooters-2016-2020.html. The report covers the present scenario and the growth prospects of the global battery market for e-scooters for 2016-2020. To calculate the market size, the report considers the revenue generated by the demand for batteries for e-scooters for its application by end-users in each region and their corresponding key countries.
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Electric scooter lift and carrier market from the public transportation segment witnessed high demand in 2023 and is estimated to record considerable growth through 2032. Many cities globally are emphasizing sustainable and inclusive mobility solutions, surging the adoption of electric scooter lifts and carriers for individuals with reduced mobility to access public transport. The need to facilitate the seamless integration of electric scooters onto buses and other public transit vehicles, is also promoting universal mobility. Furthermore, rapid urbanization, government initiatives for accessible transportation, and the strong commitment to creating inclusive transit options will foster the segment growth.
The Global Electric Bike Market size is expected to reach $73.2 billion by 2026, rising at a market growth of 11.2% CAGR during the forecast period. The electric bike contains different components such as pedals, an in-built electric motor, & rechargeable batteries in order to increase propulsion.
Electric bikes remind me of what I hear was said about cars around 1910: ... 2nd battery pack so that they can have a freshly charged pack available to swap. ...
Electric kick scooter market to reach $4.52 billion By 2028, at 12.2% CAGR; LAMEA region to rise at 15.40% CAGR; Lithium-Ion Battery to grow at 12.6 CAGR.
Get a sample brochure @ http://tinyurl.com/j2o3gqd Lithium-ion (Li-ion) batteries are rechargeable batteries with high energy density and are mainly used in portable equipment. The market for these batteries is expected to witness a significant growth owing to their increasing use in smartphones, tablets/PCs, digital cameras, and power tools. Moreover, the demand for Li-ion batteries in the automobile industry is expected to increase with the increasing demand for electric vehicles. These batteries have gained popularity among the automobile manufacturers as they offer an alternative to nickel metal batteries used in electric vehicles, due to their small size and light weight.
The global electric kick scooter market was valued at $2.10 billion in 2020, and is projected to reach $4.52 billion by 2028, registering a CAGR of 12.2% from 2021 to 2028.
FMI offers a 10-year forecast for the electric bike market between 2017 and 2027. In terms of value, the market is expected to register a CAGR of 3.1% during the forecast period (2017–2027)
According to Goldstein Research, “Rising urbanization and decline in dependable public transport system has led to the rapid growth of non-conventional modes of public transport, initially provided by the shared vans and mini buses and more recently by motorcycles, which led to the rapid growth of Africa two wheelers market." Unlike cities in Asia, ownership of two-wheelers as a personalized vehicle is very small in sub-Saharan cities. However, over the past few years there has been significant growth in the usage and sales of motorcycles as a commercial public mode of transport.
The global two wheelers market valued USD 90.1 billion in 2016, including electrically powered two wheelers and also accounted for more than 135 million units sold in same year. Further, the market is anticipated to expand at a CAGR of 6.9% to reach USD 154.3 billion over the forecast period i.e. by 2024.
India Electric Two-Wheeler market is expected to grow with a CAGR over 40% during the forecast period 2018-2025, owing to strict emission norms and regulations, government incentives, and increasing environmental awareness. The emissions from conventional gasoline based vehicles cause environmental degradation. The government has started various measures for regulating carbon emissions, thereby indirectly driving the sales of electric scooters and motorcycles in the country. Moreover, the government also prolongs its support for these vehicles in the form of subsidies, thus, encouraging the adoption of these vehicles, as ‘good replacement’ of old conventional ones.
The Asia Pacific two wheelers market valued USD 76.4 billion in 2016, including electrically powered two wheelers and also accounted for more than 110 million units sold in 2016. Further, the market is anticipated to expand at a CAGR of 6.2% to reach USD 123.6 billion over the forecast period owing to absence of reliable public transportation system and high cost of passenger cars.
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Based on propulsion, the pedal assist micro-mobility market is set to foresee significant growth between 2023 and 2032. Pedal-assist bicycles offer efficient and sustainable transportation option for short-distance commuting and recreational activities due to their combination of manual pedaling and electric motor assistance. Additionally, the increasing focus on environmental conservation and physical well-being is amplifying the demand for pedal-assist bicycles, further fostering their integration into urban mobility solutions.
According to the latest research report by IMARC Group, The Asia Pacific e-bike market size reached US$ 13.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 20.2 Billion by 2028, exhibiting a growth rate (CAGR) of 6.7% during 2023-2028. More Info:- https://www.imarcgroup.com/asia-pacific-e-bike-market
E-bikes are more affordable than fuel-based vehicles, do not mandate a license, can be used on existing bicycling infrastructure. Read more about E-Bike Market.
Geographically, the demand for kick scooters is currently the highest in the Asia-Pacific (APAC) region, as per the observations of P&S Intelligence, a market research company based in India.
The global e-bike market is anticipated to grow at a CAGR of 9.92%, and is anticipated to reach $62255.03 million by 2030. Read more about the e-bike market.
Global e-bike market is anticipated to grow with an estimated CAGR of 9.95%, and is likely to attain worth $48461.01 million by 2028. Get Free Sample Report.
The global e-bike market is anticipated to grow at a CAGR of 9.92%, and is anticipated to reach $62255.03 million by 2030. Read more about the e-bike market.
The increasing pollution levels and carbon emissions caused because of the large-scale utilization of oil and gas powered vehicles are majorly responsible for the surging popularity of electric vehicles across the world. The deteriorating air quality levels in many countries coupled with global warming has made many environmentalists, activists, and governments take numerous measures for creating awareness about alternative eco-friendly sources of power such as electrical energy. Additionally, the governments of several countries are offering hefty financial incentives to their people on the purchase of electric vehicles, which is in turn, boosting the sales of these vehicles.
Some of the key factors propelling the micromobility telematics market expansion are the growing need for first- and last-mile transportation, substantial expenditures on micromobility, and rising demand for micromobility services. Due to all these factors, the market is projected to reach $13,010.4 million by 2030. The market is anticipated to grow quickly because of the quick integration of locking mechanisms, network services, smartphone connections, and fleet optimization into such services.
The Indian shared mobility market was valued at $630.7 million in 2018, which is projected to reach $3,466.7 million by 2024, witnessing a CAGR of 27.6% during the forecast period (2019–2024).
Looking forward, the asia pacific e-bike market value is projected to reach a strong growth during the forecast period (2022-2027). More info:- https://www.imarcgroup.com/asia-pacific-e-bike-market
E-bike Market by Class, Battery Type (Lithium-ion, Lithium-ion polymer, Lead Acid), Motor Type (Mid, Hub), Mode (Throttle, Pedal Assist), Usage, and Region (Asia Pacific, Europe, North America) - Global forecast to 2025
The global hub motor market is expected to show significant growth at a CAGR of 5.03% from USD 7.92 billion in 2018 to reach USD 11.17 billion by 2025.
[235 Pages] Hoverboard scooter market to reach $12.46 bn by 2030; Mid size type to portray at 5.7% CAGR; Personal mobility device to garner at 5.6% CAGR.
All component suppliers, manufacturers, assemblers, wholesalers, retailers, and ... manufacturer (490K bike units per annum) Townsend Cycles (a member of the Tandem ...