Electric Motorcycles and Scooters Market to be Worth $55 Billion by 2032: Global Market Insights Inc.

Global Market Insights Inc.

Global Market Insights Inc.

Major participants in the electric scooters and scooters market include AIMA Technology Group Co., Ltd, Ampere Vehicles Pvt Ltd, Energica Motor Company SpA, GOVECS AG, Harley Davidson, Hero Electric, Jiangsu Xinri E-vehicle Co., Ltd. . Ltd. Z Electric Vehicle and Zero Electric Motorcycles, among others.

SELBIEVILLE, Delaware, Jan. 19, 2023 (Globe Newswire) —

Market of electric motorcycles and scooters It is expected to record a valuation of $55 billion by 2032, according to A New research report by Global Market Insights Inc.

The emerging impacts of climate change and other pollution concerns will drive the demand for two-wheeled electric vehicles. Vehicle emissions are becoming a major concern worldwide given the increasing use of fossil fuel powered vehicles and the ever increasing growth in the world population. Government authorities such as the US Environmental Protection Agency (EPA) are taking steps to promote the use of clean mobility solutions to reduce greenhouse gases.

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In the Asia-Pacific region, government agencies provide subsidies to promote sales of zero-emission vehicles. For example, the Government of India has announced Faster Electric Vehicle (Hybrid &) Approval and Manufacturing in India (FAME) to support the adoption and manufacture of electric vehicles.

The electric motorcycle segment accounted for approximately 32% of the electric motorcycle and scooter market in 2022. The development of new and improved battery and powertrain technologies has supported the production of electric motorcycles with longer driving range and higher power output. Growing consumer demand for high-performance, high-speed e-bikes should complement this growth. The need for cheaper alternatives to urban transport will accelerate the purchase of these vehicles.

The lithium-ion battery segment accounted for more than 80% market share of motorcycles and electric scooters in 2022. Lithium-ion batteries provide high power and power output per unit of their mass. The reduced size and weight of these batteries compared to other rechargeable alternatives has led to their increased use in two-wheeled electric vehicles. The high consumer preference for removable/swappable batteries that are easy to install and lightweight should promote the integration of Li-ion batteries by e-mobility companies.

Electric motorcycles and scooters market revenue From the other voltage sector, which consists of 12V-60V and 72V batteries, poised to record more than US$8 billion by 2032. High-voltage batteries, which can provide high power output and long charging cycles, are ideal for heavy-duty electrical applications Motorcycles. These batteries have a power rating of 12V – 60V and 72V which can be used in heavy duty electric motorcycles that offer a longer range. On the other hand, the small electric scooters used for shorter daily commutes in big cities are mainly powered by 12-volt batteries. Rising fuel prices and the urgent need for cheaper urban mobility solutions will affect the use of 12V-60V and 72V batteries in two-wheeled electric vehicles.

The market size of electric motorcycles and scooters in North America exceeded nearly 400 million US dollars in 2022. Sales of two-wheeled electric scooters have surged due to growing traffic concerns in the region. These vehicles are increasingly replacing petrol-powered vehicles for daily commuting. The demand for connected electric bikes and scooters with smart driving solutions is also growing in the US and Canada. The widespread use of GPS and other intelligent navigation technologies provided by OEMs will greatly affect vehicle sales in these countries.

To gain a competitive edge in the rapidly expanding electric motorcycle and scooter market, companies including Harley, Zero Motorcycles and NIU Technologies are focusing on developing lightweight powertrain systems that reduce overall vehicle weight and improve performance. The launch of new cars with advanced features will also complement the growth of the industry.

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Partial table of contents (ToC) for the report:
Chapter 2 Executive Summary
2.1 Electric Motorcycles and Scooters Industry 360°, 2018-2032
2.2 Business Trends
2.2.1 Total Addressable Market (TAM), 2023-2032
2.3 Product Trends
2.4 Battery directions
2.5 voltage direction
2.6 Regional trends
Chapter 3 Motorcycles and Electric Scooters Market Market Insights
3.1 Introduction
3.2 Impact of COVID-19
3.3 Impact of the war between Russia and Ukraine
3.4 The impact of semiconductor shortages on the industry
3.5 Industry Ecosystem Analysis
3.6 Technology and innovation landscape
3.7 Patent Analysis
3.8 Main news and initiative
3.9 Regulatory landscape
3.10 Sales of electric vehicles
3.11 Prospects for the electronic car industry
3.12 Industry Impact Forces
3.12.1 Growth drivers Increase government support to promote e-mobility around the world Strict North American Emission Regulations The growing presence of EV manufacturers in Europe and North America Growing concerns about pollution levels in the Asia-Pacific region Increase awareness of electric mobility in Latin America and the Middle East and Africa region
3.12.2 Pitfalls and challenges facing the industry High initial investment in electric motorcycles and scooters Limited charging infrastructure in developing economies
3.13 Analysis of growth potential
3.14 Porter’s analysis
3.15 PESTEL analysis

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About Global Market Insights Inc.

Global Market Insights Inc. Headquartered in Delaware, United States, is a global market research and advisory services company, providing aggregated and customized research reports along with growth advisory services. Business intelligence reports and industry research provide our clients with insights and actionable market data tailored and presented to help make strategic decisions. These comprehensive reports are designed using a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

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