This research study involved the extensive use of secondary sources, such as company annual reports/presentations, industry association publications, automotive magazine articles, directories, technical handbooks, the World Economic Outlook, trade websites, technical articles, and databases, to identify and collect information on the Electric scooter and motorcycle market. In-depth interviews were conducted with various primary respondents, including key industry participants, subject-matter experts (SMEs), C-level executives of key market players (electric scooter and motorcycle manufacturers and suppliers), and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information and assess market prospects.
Secondary Research
In the secondary research process, various secondary sources were used to identify and collect information on the electric scooter and motorcycle market for this study. Secondary sources include annual reports, press releases, and investor presentations of companies; whitepapers, certified publications, and articles from recognized authors; directories; databases; and articles from recognized associations and government publishing sources.
Primary Research
Extensive primary research was conducted after understanding the electric scooter and motorcycle market scenario through secondary research. Several primary interviews were conducted with market experts from both demand-side vehicle manufacturers [(in terms of component supply) country-level government associations and trade associations] and supply-side OEMs and component manufacturers across three major regions, namely, North America, Europe, and Asia Pacific. Approximately 30% and 70% of primary interviews were conducted from the demand and supply sides, respectively. Primary data was collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, various departments within organizations, such as sales, operations, and administration, were covered to provide a holistic viewpoint in the report.
In the canvassing of primaries, various departments within organizations, such as sales, operations, and marketing, were covered to provide a holistic viewpoint in the report. After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from primaries. This, along with the opinions of in-house subject matter experts, led to the findings, as described in the remainder of this report.
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Market Size Estimation
A detailed market estimation approach was followed to estimate and validate the value and volume of the electric scooter and motorcycle market and other dependent submarkets, as mentioned below:
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The market size was derived by collecting sales of electric two-wheelers (electric scooters/mopeds and electric motorcycles) through associations and paid databases.
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Key players in the electric scooter and motorcycle market were identified through secondary research, and their global market share was determined through primary and secondary research.
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The research methodology included the study of annual and quarterly financial reports, regulatory filings of major market players, and interviews with industry experts to gain detailed market insights.
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All major penetration rates, percentage shares, splits, and breakdowns for the market were determined through secondary sources and verified through primary sources.
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All key macro indicators affecting the revenue growth of the market segments and subsegments were accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the validated and verified quantitative & qualitative data.
The gathered market data was consolidated and added with detailed inputs, analyzed, and presented in this report.
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Data Triangulation
All percentage shares, splits, and breakdowns were determined using secondary sources and verified by primary sources. All parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated, enhanced with detailed inputs and analysis from MarketsandMarkets, and presented in the report. The following figure is an illustrative representation of the overall market size estimation process employed for this study.
Market Definition
Electric scooters and motorcycle are plug-in two-wheeled vehicles that use electric motors to attain locomotion. The electricity is stored in a rechargeable battery, which drives the electric motors. These vehicles are zero-emission electric motor-driven vehicles. The operating speed and top speed of electric two-wheelers are based on battery technology.
Scooters and mopeds are easy-to-operate two-wheelers with a step-through frame and a platform for the user’s feet. They are affordable, lightweight, and easy to commute on. On the other hand, motorcycles are heavier, faster, and bigger than scooters and mopeds. Depending on the requirement, these two-wheelers have different body designs and frames from scooters and mopeds. The electric versions of scooters and motorcycles are powered by electricity stored in their batteries.
List of Key Stakeholders
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Associations, Forums, and Alliances of Electric Scooters and Motorcycles
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Automobile Manufacturers
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Automotive Component Manufacturers
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Automotive Investors
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Battery Distributors
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Battery Manufacturers
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Charging Infrastructure Providers
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Charging Service Providers
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Distributors and Retailers of Electric Two-wheelers
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Electric Two-wheeler Charging Station Service Providers
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Electric Two-wheeler Cable Manufacturers
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Government Agencies and Policymakers
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Manufacturers of Electric Two-wheelers
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Manufacturers of Electric Two-wheeler Charging Poles
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Manufacturers of Electric Two-wheeler Components
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Raw Material Providers
Report Objectives
AVAILABLE CUSTOMIZATIONS
With the given market data, MarketsandMarkets offers customizations in accordance with the company’s specific needs.
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To segment and forecast the electric scooter and motorcycle market size in terms of volume (thousand units) and value (USD million/billion)
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To define, describe, and forecast the market based on vehicle type, battery type, voltage type, vehicle class, technology type, distance covered, usage, motor type, motor power, and region.
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To segment and forecast the market by battery type [sealed lead-acid (SLA) and lithium-ion
(Li-ion)]
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To segment and forecast the market by vehicle type (e-scooters/mopeds and e-motorcycles)
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To segment and forecast the market by voltage type (36 V, 48 V, 60 V, 72 V, and above 72 V)
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To segment and forecast the market by technology type (plug-in and battery)
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To segment and forecast the market by distance covered (below 75 miles, 75–100 miles, and above 100 miles)
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To segment and forecast the market by vehicle class (economy and luxury)
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To segment and forecast the market by usage (private and commercial)
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To segment and forecast the market by motor type (hub motors, mid-drive motors, and others)
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To segment and forecast the market by motor power (less than 1.5 kW, 1.5–3 kW, and above 3 kW)
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To forecast the market size with respect to key regions, namely, North America, Europe, and Asia Pacific
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To provide detailed information regarding the major factors influencing the market growth (drivers, challenges, restraints, and opportunities)
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To analyze technological developments impacting the market
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To analyze opportunities for stakeholders and the competitive landscape for market leaders in the electric scooter and motorcycle market
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To strategically analyze markets with respect to individual growth trends, prospects, and contributions to the total market.
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To strategically profile key players and comprehensively analyze their market share and their core competencies.
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To study the following with respect to the market:
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Supply Chain Analysis
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Ecosystem Analysis
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Technology Analysis
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HS Code
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Case Study Analysis
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Patent Analysis
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Regulatory Landscape
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Conferences and Events
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Total Cost of Ownership
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Bill of Materials
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Average Selling Price Analysis
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Buying Criteria
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To track and analyze competitive developments such as product developments, deals, and others undertaken by the key industry participants
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Electric scooter and motorcycle market, by battery type at country level (for countries covered in the report)
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Profiling of additional market players (up to 5)
John
May, 2022
What are Electric Scooter and Motorcycle Market Newer business models like sustainable and profitable revenue streams in the future?.