Electric Scooter and Motorcycle Market

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
    2.2 Secondary Data
           2.2.1 Key Secondary Sources
           2.2.2 Key Data From Secondary Sources
    2.3 Primary Data
           2.3.1 Sampling Techniques & Data Collection Methods
           2.3.2 Primary Participants
           2.3.3 Key Data From Primary Sources
    2.4 Market Size Estimation
           2.4.1 Bottom-Up Approach
           2.4.2 Top-Down Approach
    2.5 Market Breakdown and Data Triangulation
    2.6 Assumptions

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 30)
    4.1 Attractive Opportunities in the Electric Scooter  and Motorcycle Market
    4.2 Asia Pacific to Lead the Market
    4.3 Poland is Expected to Grow at A Highest CAGR During the Forecast Period
    4.4 Electric Scooter and Motorcycle Market, By Vehicle Type and Country
    4.5 Electric Scooter and Motorcycle Market,  By Vehicle Type
    4.6 Electric Scooter and Motorcycle Market, By Distance Covered
    4.7 Electric Scooter and Motorcycle Market,  By Voltage Type

5 Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Low Operating and Maintenance Costs
                    5.2.1.2 Government Incentives and Subsidies
           5.2.2 Restraints
                    5.2.2.1 Lack of Charging Infrastructure
                    5.2.2.2 Lack of Power Output and Limited Range
           5.2.3 Opportunities
                    5.2.3.1 Government Bodies Backing Electric Two-Wheelers
                    5.2.3.2 Established Players Yet to Enter the Market
           5.2.4 Challenges
                    5.2.4.1 Design and Performance Standards
                    5.2.4.2 Initial Investments and High Cost of Electricity

6 Industry Trends (Page No. - 40)
    6.1 Introduction
    6.2 Technology Analysis
    6.3 Battery Swapping in Electric Scooters
    6.4 Iot in Electric Two-Wheelers
    6.5 Regenerative Braking

7 Electric Scooter and Motorcycle Market, By Battery Type (Page No. - 42)
    7.1 Introduction
    7.2 Research Methodology
    7.3 Sealed Lead Acid
           7.3.1 Low Cost of Lead Acid Battery is the Major Reason for Its Usage
    7.4 Lithium-Ion
           7.4.1 Asia Pacific Will Lead the Lithium-Ion Battery Segment  Due to Growing Usage of Lithium-Ion Batteries in Modern Electric Two-Wheelers
    7.5 Key Primary Insights

8 Electric Scooter and Motorcycle Market, By Battery Type (Page No. - 46)
    8.1 Introduction
    8.2 Research Methodology
    8.3 Below 75 Miles
           8.3.1 Asia Pacific is Dominated By Electric Scooters/ Mopeds With Below 75 Miles Range
    8.4 75–100 Miles
           8.4.1 Improved Battery Performance to Enhance the Range of Electric Two-Wheelers
    8.5 Above 100 Miles
           8.5.1 Innovation in Technologies Will Boost the Demand
    8.6 Key Primary Insights

9 Electric Scooter and Motorcycle Market, By Battery Type (Page No. - 51)
    9.1 Introduction
    9.2 Research Methodology
    9.3 E-Scooter/Moped
           9.3.1 Rising Demand for Energy-Efficient Modes of Commuting  to Boost the Market
    9.4 E-Motorcycle
           9.4.1 Increasing Demand for Performance Electric Two-Wheelers to Drive the Electric Motorcycle Segment
    9.5 Key Primary Insights

10 Electric Scooter and Motorcycle Market, By Voltage Type (Page No. - 55)
     10.1 Introduction
     10.2 Research Methodology
     10.3 36V
             10.3.1 Increasing Demand for Energy-Efficient Daily Commuting to Boost the Market
     10.4 48V
             10.4.1 More Practical Usage of 48V Battery Than 36V to Drive  the Segment in Future
     10.5 60V
             10.5.1 Manufacturers Have Recognized the Need for Optimum Performance and Enhanced Range
     10.6 72V
             10.6.1 Recent Developments in Batteries and Growing Demand  for Performance to Change the Scenario in Future
     10.7 Key Primary Insights

11 Electric Scooter and Motorcycle Market, By Technology Type (Page No. - 61)
     11.1 Introduction
     11.2 Research Methodology
     11.3 Plug-In
             11.3.1 Manufacturers Have Started Providing Fast Charging Stations for Plug-In Electric Two-Wheelers
     11.4 Battery
             11.4.1 Advancements in Battery to Boost the Segment in Future

12 Electric Scooter and Motorcycle Market, By Region (Page No. - 65)
     12.1 Introduction
     12.2 Asia Pacific
             12.2.1 China
                        12.2.1.1 China is the Largest Market for E-Scooters/Mopeds in the World
             12.2.2 Japan
                        12.2.2.1 Japan has Many Renowned Manufacturers Developing Advanced Electric Two-Wheelers
             12.2.3 India
                        12.2.3.1 India is Shifting the Focus From Ice Two-Wheelers to Electric Two-Wheelers to Reduce Pollution
             12.2.4 South Korea
                        12.2.4.1 South Korean Automotive Industry has Started Developing Electric Two-Wheelers
             12.2.5 Taiwan
                        12.2.5.1 Taiwan has One of the Best Charging Solution Network
     12.3 Europe
             12.3.1 France
                        12.3.1.1 French Government Offering Purchase Grants Will Boost the Demand
             12.3.2 Germany
                        12.3.2.1 Leading Players From the Country to Enter the Electric Two-Wheeler Segment
             12.3.3 Spain
                        12.3.3.1 Increasing Investments By Government in Building Charging Infrastructure to Boost the Market
             12.3.4 Austria
                        12.3.4.1 Austrian Manufacturers are Focusing on Developing Performance E-Motorcycles
             12.3.5 UK
                        12.3.5.1 Electric Two-Wheelers Have Started Penetrating the Four Wheeler Dominated UK Market
             12.3.6 Italy
                        12.3.6.1 Italian Manufacturers are Developing Performance E-Scooters and E-Motorcycles
             12.3.7 Belgium
                        12.3.7.1 Belgian Government is Providing Advanced Charging Facilities to Promote Electric Two-Wheelers
             12.3.8 Netherlands
                        12.3.8.1 Netherlands is Planning to Phase Out Conventional Ice Two-Wheelers in Future
             12.3.9 Poland
                        12.3.9.1 Poland Moving Toward Greener Commuting Will Boost Demand
             12.3.10 Denmark
                        12.3.10.1 Government Promoting Private Infrastructure is Going to Drive the Market
     12.4 North America
             12.4.1 US
                        12.4.1.1 US Government Initiatives to Control Increasing Pollution to Boost the Market
             12.4.2 Canada
                        12.4.2.1 Funding From Government to Develop Charging Infrastructure to Play an Important Role

13 Competitive Landscape (Page No. - 84)
     13.1 Overview
     13.2 Market Ranking Analysis
     13.3 Competitive Scenario
             13.3.1 New Product Developments
             13.3.2 Mergers & Acquisitions
             13.3.3 Partnerships/Supply Contracts/Collaborations/Joint Ventures/License Agreements
             13.3.4 Expansions
     13.4 Competitive Leadership Mapping (Major Established Players)
             13.4.1 Visionary Leaders
             13.4.2 Innovators
             13.4.3 Dynamic Differentiators
             13.4.4 Emerging Companies
     13.5 SME Competitive Leadership Mapping (Start-Up/SME/Emerging Companies)
             13.5.1 Progressive Company
             13.5.2 Resposive Companies
             13.5.3 Dynamic Companies
             13.5.4 Starting Blocks

14 Company Profiles (Page No. - 92)
(Business Overview, Products Offered, Recent Developments & SWOT Analysis)*
     14.1 Yadea Group Holding Ltd. 
     14.2 Hero Electric 
     14.3 Vmoto Limited 
     14.4 Electrotherm Ltd. 
     14.5 Jiangsu Xinri E—Vehicle Co., Ltd. 
     14.6 Energica Motor Company 
     14.7 Piaggio Group 
     14.8 NIU International 
     14.9 BMW Group 
     14.10 KTM AG 
     14.11 Mahindra and Mahindra Ltd. 
     14.12 Harley Davidson 
     14.13 Other Key Players 
             14.13.1 North America 
                         14.13.1.1 Zero Motorcycles 
                         14.13.1.2 Z Electric Vehicle 
             14.13.2 Europe 
                         14.13.2.1 Govecs Group 
                         14.13.2.2 Cezeta 
                         14.13.2.3 Johammer E-Mobilty GmbH 
             14.13.3 Asia 
                         14.13.3.1 Ather Energy 
                         14.13.3.2 Aima Technology Group Co., Ltd 
                         14.13.3.3 Okinawa Autotech Pvt. Ltd. 
                         14.13.3.4 Zhejiang Luyuan Electric Vehicle Co., Ltd. 
                         14.13.3.5 Honda Motor Co., Ltd. 
                         14.13.3.6 Ampere Vehicles 
                         14.13.3.7 Dongguan Tailing Electric Vehicle Co., Ltd. 
                         14.13.3.8 Terra Motors Corporation 
                         14.13.3.9 Shandong Incalcu Electric Vehicle Co., Ltd. 
                         14.13.3.10 Gogoro Inc. 
                         14.13.3.11 Avan Motors India 
                         14.13.3.12 Twenty Two Motors Private Limited 
                         14.13.3.13 Avon Cycles 
                         14.13.3.14 Emflux Motors 
                         14.13.3.15 TVS Motor Company 
                         14.13.3.16 Bajaj Auto Ltd. 
*Details on Business Overview, Products Offered, Recent Developments & SWOT Analysis Might Not Be Captured in Case Of Unlisted Companies

15 Appendix (Page No. - 124)
     15.1 Key Insights of Industry Experts
     15.2 Discussion Guide
     15.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.4 Available Customizations
     15.5 Related Reports
     15.6 Author Details

List of Tables (45 Tables)

Table 1 Currency Exchange Rates (Per 1 USD)
Table 2 Impact of Market Dynamics
Table 3 Market, By Battery Type, 2017–2027, (Thousand Units)
Table 4 Sealed Lead Acid: Market, By Region, 2017–2027 ( Thousand Units)
Table 5 Lithium-Ion: Market, By Region, 2017–2027 (Thousand Units)
Table 6 Market, By Distance Covered, 2017–2027 (Units)
Table 7 Below 75 Miles: Market, By Region, 2017–2027 (Units)
Table 8 75–100 Miles: Market, By Region, 2017–2027 (Units)
Table 9 Above 100 Miles: Market, By Region, 2019–2027 (Units)
Table 10 Market, By Vehicle Type, 2017–2027 (Thousand Units)
Table 11 E-Scooter/Moped: Market, By Region, 2017–2027 (Thousand Units)
Table 12 E-Motorcycle: Market, By Region, 2017–2027 (Thousand Units)
Table 13 Market, By Voltage Type, 2017–2027 (Thousand Units)
Table 14 36V: Market, By Region, 2017–2027 (Thousand Units)
Table 15 48V: Market, By Region, 2017–2027 (Thousand Units)
Table 16 60V: Market, By Region, 2017–2027 (Thousand Units)
Table 17 72V: Market, By Region, 2017–2027 (Thousand Units)
Table 18 Market, By Technology Type, 2017–2027 (Units)
Table 19 Plug-In: Market, By Region, 2017–2027 (Units)
Table 20 Battery: Market, By Region, 2017–2027 (Units)
Table 21 Market, By Region, 2017–2027 (Thousand Units)
Table 22 Asia Pacific: Market, By Country, 2017–2027 (Units)
Table 23 China: Market, By Vehicle Type, 2017–2027 (Units)
Table 24 Japan: Market, By Vehicle Type, 2017–2027 (Units)
Table 25 India: Market, By Vehicle Type, 2017–2027 (Units)
Table 26 South Korea: Market, By Vehicle Type, 2017–2027 (Units)
Table 27 Taiwan: Market, By Vehicle Type, 2017–2027 (Units)
Table 28 Europe: Market, By Country, 2017–2027 (Units)
Table 29 France: Market, By Vehicle Type, 2017–2027 (Units)
Table 30 Germany: Market, By Vehicle Type, 2017–2027 (Units)
Table 31 Spain: Market, By Vehicle Type, 2017–2027 (Units)
Table 32 Austria: Market, By Vehicle Type, 2017–2027 (Units)
Table 33 UK: Market, By Vehicle Type, 2017–2027 (Units)
Table 34 Italy: Market, By Vehicle Type, 2017–2027 (Units)
Table 35 Belgium: Market, By Vehicle Type, 2017–2027 (Units)
Table 36 The Netherlands: Market, By Vehicle Type, 2017–2027 (Units)
Table 37 Poland: Market, By Vehicle Type, 2017–2027 (Units)
Table 38 Denmark: Market, By Vehicle Type, 2017–2027 (Units)
Table 39 North America: Market, By Country, 2017–2027 (Units)
Table 40 US: Market, By Vehicle Type, 2017–2027 (Units)
Table 41 Canada: Market, 2017–2027 (Units)
Table 42 New Product Developments, 2017–2018
Table 43 Mergers & Acquisitions, 2016–2019
Table 44 Partnerships/Supply Contracts/Collaborations/Joint Ventures/ Agreements, 2016–2019
Table 45 Expansions, 2016–2019

List of Figures (48 Figures)

Figure 1 Market Segmentation
Figure 2 Market: Research Design
Figure 3 Research Methodology Model
Figure 4 Breakdown of Primary Interviews
Figure 5 Market Size Estimation: Bottom-Up Approach
Figure 6 Market Size Estimation: Top-Down Approach
Figure 7 Data Triangulation
Figure 8 Market: Market Dynamics
Figure 9 Market, By Region, 2019–2027 (Units)
Figure 10 Figure 1 Electric Scooter/Moped Segment Held the Largest Share in the Market in 2019
Figure 11 Increasing Demand for Greener Commuting and Traveling is Driving the Market, 2019–2027 (Thousand Units)30
Figure 12 Market, By Region, 2027
Figure 13 Market, By Country, 2027
Figure 14 E-Scooter/Moped Segment to Account for the Largest Share in Asia Pacific Market, 2019
Figure 15 E-Scooter/Moped Segment Expected to Dominate During the Forecast Period
Figure 16 Below 75 Miles Expected to Dominate During the Forecast Period
Figure 17 48V Segment Expected to Dominate During the Forecast Period
Figure 18 Market: Market Dynamics
Figure 19 Lithium-Ion Battery Segment is Expected to Grow at the Highest CAGR During the Forecast Period (2019–2027)
Figure 20 Above 100 Miles Segment is Expected to Grow at A Higher CAGR With Technological Advancements in Two-Wheelers
Figure 21 Electric Motorcycle Segment to Grow at A Higher CAGR During the Forecast Period (2019–2027)
Figure 22 72V Segment to Grow at A Higher CAGR Due to Increased Demand for Performance Electric Two-Wheelers (2019–2027)
Figure 23 Plug-In Segment to Grow at A Higher CAGR During the Forecast Period (2019–2027)
Figure 24 Key Primary Insights
Figure 25 Market, By Region, 2019 vs. 2027
Figure 26 Asia Pacific: Market Snapshot
Figure 27 Europe: Market, By Country, 2019 vs. 2027 (Units)
Figure 28 North America: Market Snapshot
Figure 29 Key Developments By Leading Players, 2016–2019
Figure 30 Market Ranking 2018
Figure 31 Market: Competitive Leadership Mapping, 2019
Figure 32 SME Electric Scooter and Motorcycle Market: Competitive Leadership Mapping, 2019
Figure 33 Yadea Group Holdings Ltd.: Company Snapshot
Figure 34 Yadea Group Holdings: SWOT Analysis
Figure 35 Hero Electric: SWOT Analysis
Figure 36 Vmoto: Company Snapshot
Figure 37 Vmoto: SWOT Analysis
Figure 38 Electrotherm: Company Snapshot
Figure 39 Electrotherm: SWOT Analysis
Figure 40 Jiangsu Xinri E-Vehicle: Company Snapshot
Figure 41 Jiangsu Xinri E-Vehicle: SWOT Analysis
Figure 42 Energica Motor Company: Company Snapshot
Figure 43 Piaggio Group: Company Snapshot
Figure 44 NIU International: Company Snapshot
Figure 45 BMW Group: Company Snapshot
Figure 46 KTM AG: Company Snapshot
Figure 47 Mahindra and Mahindra: Company Snapshot
Figure 48 Harley Davidson: Company Snapshot

The study involved 4 major activities in estimating the current market size of the electric scooter and motorcycle market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across value chains through primary research. The top-down and bottom-up approach was employed to estimate the complete market size. Thereafter, market breakdown and data triangulation processes were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources such as company annual reports/presentations, press releases, industry association publications [for example, publications of electric two-wheeler OEMs, Canadian Automobile Association (CAA), country-level automotive associations and trade organizations, and the US Department of Transportation (DOT)], electric two-wheelers magazine articles, directories, technical handbooks, World Economic Outlook, trade websites, and technical articles have been used to identify and collect information useful for an extensive commercial study of the global electric scooter and motorcycle market.

Primary Research

Extensive primary research has been conducted after acquiring an understanding of this market scenario through secondary research. Several primary interviews have been conducted with market experts from the demand- and supply-side OEMs (in terms of component supply, country-level government associations, and trade associations) and component manufacturers across 3 major regions, namely, Asia Pacific, Europe, and North America. Approximately 23% and 77% of primary interviews have been conducted from the demand- and supply-side, respectively. Primary data has been collected through questionnaires, emails, LinkedIn, and telephonic interviews. In the canvassing of primaries, we have strived to cover various departments within organizations, such as sales, operations, and administration, to provide a holistic viewpoint in our report.

After interacting with industry experts, we conducted brief sessions with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report. Following is the breakdown of primary respondents.

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The top-down approach was used to estimate and validate the total market size. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

• The key players in the industry and markets have been identified through extensive secondary research
• The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes
• All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources

Data Triangulation

After arriving at the overall market size-using the market size estimation processes as explained above-the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

• To segment and forecast the electric scooter and motorcycle market size in terms of volume (units)
• To define, describe, and forecast the electric scooter and motorcycle market based on vehicle type, battery type, distance covered, voltage, technology type, and region
• To segment and forecast the market size by vehicle type (e-scooter/moped and e-motorcycle)
• To segment and forecast the market by battery type [Sealed Lead Acid (SLA) and Lithium-Ion (Li-Ion)]
• To segment and forecast the market by voltage type (36V, 48V, 60V, and 72V)
• To segment and forecast the market by technology type (plug-in and battery)
• To segment and forecast the market by distance covered (below 75 miles, 75–100 miles, and above 100 miles)
• To forecast the market size with respect to key regions, namely, North America, Europe, and Asia Pacific
• To provide detailed information regarding the major factors influencing the market growth (drivers, challenges, restraints, and opportunities)
• To strategically analyze markets with respect to individual growth trends, future prospects, and contribution to the total market

Available Customizations

• Electric Scooter and Motorcycle Market, By Voltage type at country level
• Electric Scooter and Motorcycle Market, By Distance Covered at country level

Company Information

• Profiling of Additional Market Players (Up to 5)