Title: Electric Motorcycles & Scooters Market 2020-2026 | Growth Forecast & Industry Share Report
1Electric Motorcycles Scooters Market Regional
Growth Drivers, Opportunities, Trends, and
Forecasts to 2026
- Rising concerns pertaining to harmful effect of
vehicle emissions along with the imposition of
strict regulations by environment agencies will
drive global electric motorcycle scooters
market. Consumers are getting increasingly aware
of the fact that the adoption of electric
two-wheelers can significantly reduce harmful
emissions of carbon dioxide, carbon monoxide,
nitrogen oxide and other harmful effluents, which
in turn can aid in reducing the air pollution. - Governments across the globe are offering grants,
incentives and subsidies on the purchase of new
electric vehicles in a bid to promote e-mobility.
In addition, several emerging players, such as
Pedego Electric Bikes, Gogoro, and Segway are
partnering with scooter sharing firms to cater to
the growing demand for ride-sharing.
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2- 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. Reports suggest that global
electric motorcycles scooters market size will
cross the USD 40 billion mark by 2026.
- The e-mobility trend is on rise. In the third
quarter of 2019, around 45 EV companies across
the world showed a total fund raising of USD 2.7
billion. However, the COVID-19 outbreak has led
to a slowdown in electric motorcycles scooters
industry growth in 2020. Shortage of raw
materials, labor and restrictions on movement
have led to a temporary shutdown of many
automobile manufacturing facilities, globally.
- The rising consumer inclination toward buying
essential items is hindering the sales of high
cost products like electric scooters
motorcycles. The EV businesses will gain traction
again, once the restrictions are lifted.
- Electric motorcycles are experiencing high demand
on account of the advancement in battery and
powertrain technologies. The technological
developments are offering superior engine
performance as well as high, controlled speeds to
electric motorcycles. Growing demand for
efficient, low noise and long range transport
solutions is one of the key factors fueling the
demand for electric motorcycles.
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4- The alarming levels of carbon emission in Asia
Pacific region is creating a huge demand for
environment friendly mode of transportation. This
has led to increased adoption of e-mobility
solutions in Asian countries including China and
India. In addition, the emergence of several
electric motorcycle scooter manufacturers
including Ultraviolette Automotive Pvt. Ltd., and
Emflux and in India will boost regional industry
growth over the analysis period.
- Major producers and developers of electric
motorcycles scooters include Amper Vehicles,
Harley Davidson, Shandong Incalcu Electric
Vehicle, Lightning Motorcycles, Mahindra GenZe,
Energica Motor Company S.p.A, Govecs Group, KTM,
Z Electric Vehicle and Zero Motorcycles, among
others.
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