Asia-Pacific Electric Scooters and Motorcycles Market 2020 - Report Says By P&S Intelligence - PowerPoint PPT Presentation

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Asia-Pacific Electric Scooters and Motorcycles Market 2020 - Report Says By P&S Intelligence

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APAC electric scooters and motorcycles market is projected to see its sales volume increase to 31.2 million units by 2025, at a 7.6% CAGR during 2018–2025. – PowerPoint PPT presentation

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Date added: 21 September 2020
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Provided by: RahulGautam

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Title: Asia-Pacific Electric Scooters and Motorcycles Market 2020 - Report Says By P&S Intelligence


1
Asia-Pacific (APAC) Electric Scooters and
Motorcycles Market Outlook and Forecast 2020 due
to COVID-19 Impact
With more than 2.3 billion city dwellers,
Asia-Pacific (APAC), for the first time in 2019,
became a region with the majority of its
population living in urban areas, as per the
United Nations Economic and Social Commission
for Asia and the Pacific (UNESCAP). As an
increasing number of people are migrating to
cities, the demand for urban transportation modes
is also rising. This had led to an enormous
surge in the sale of automobiles in the region in
the last 1015 years. Consequently, the level of
toxic gases in the air has also grown, due to the
combustion of gasoline and diesel in vehicles.
Therefore, numerous governments in the region are
offering their support, in the form of subsidies
and incentives, to those who purchase electric
vehicles (EVs) as well as those who manufacture
them. As a result, the APAC electric scooters and
motorcycles market is projected to see its sales
volume increase to 31.2 million units by 2025, at
a 7.6 CAGR during 20182025. As such
automobiles do not burn any fossil fuel, rather
are powered purely by an electric motor and
battery, they result in close to no operational
emissions. Request to Get the Sample Report_at_
https//www.psmarketresearch.com/market-analysis/a
pac- electric-scooters-and-motorcycles-market/rep
ort-sample
2
  • China is currently the largest electric scooters
    and motorcycles market in APAC, especially as a
    result of the 10,000 subsidy the government
    began offering in 2017 on every EV purchase. Due
    to its high level of urbanization and
    industrialization, China is one of the most
    polluted nations on earth, which is why the
    focus on reducing the emissions is particularly
    high here. In the coming years, a rapid rise in
    the uptake of electric motorcycles and scooters
    in the region would be witnessed in India,
    powered by the national governments 1,460
    million (INR 10,000 crore) investment for EV
    purchase as well as targets to install 2,700
    charging stations in major cities by 2023.
  • Therefore, with extensive government support, in
    the wake of the degrading air quality, the uptake
    of electric scooters and motorcycles will
    continue increasing in APAC.
  • This study covers
  • Historical and the present size of the
    Asia-Pacific (APAC) Electric Scooters and
    Motorcycles Market
  • Future potential of the market through its
    forecast for the period 2013-2025
  • Major factors driving the market and their impact
    during the short, medium, and long terms
  • Market restraints and their impact during the
    short, medium, and long terms
  • Recent trends and evolving opportunities for the
    market participants
  • Historical and the present size of the market
    segments and understand their comparative future
    potential
  • Potential of on-demand logistics services, so the
    market players make informed decisions on the
    sales of their offerings
  • Competitive scenario of various market segments
    across key countries in several regions for
    uncovering market opportunities for the
    stakeholders
  • Major players operating in the market and their
    service offerings
  • Recent strategic developments by the major
    players in the market
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