Electric Scooter and Motorcycle Market

Market Leader - Electric Scooter and Motorcycle Market

The electric scooter and motorcycle market is projected to reach 7,919 thousand units by 2027 from an estimated 684 thousand units in 2019, at a CAGR of 35.8%. The base year for the report is 2018, and the forecast period is from 2019 to 2027. The electric scooter and motorcycle market has witnessed rapid evolution with ongoing developments in electric two-wheelers, battery technology, and charging infrastructure. Technological advancements in charging solutions and an enhanced range of distance covered by electric two-wheelers are some of the major factors driving the growth of the electric scooter and motorcycle market. In addition, the growing concerns of various government bodies over a cleaner environment have increased the demand for zero-emission commuting, which is one of the driving factors for the electric scooter and motorcycle market. Developed nations such as the US, Germany, and China are actively promoting the use of electric two-wheelers to reduce carbon emissions, resulting in the growth of electric scooter and motorcycle market.

The electric scooter and motorcycle market is dominated by globally established players such as Yadea Group Holdings Ltd. (China), Hero Electric (India), Vmoto Limited (Australia), and Jiangsu Xinri E-Vehicle Co., Ltd.  (China). These companies developed new products, adopted expansion strategies, and undertook collaborations, partnerships, and mergers & acquisitions to gain traction in this high-growth electric scooter and motorcycle market.

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China is home to most of the global leaders in the electric two-wheeler market such as Yadea Group Holdings Ltd., Jiangsu Xinri E-Vehicle Co., Ltd. (Sunra), NIU, AIMA Technology Group Co., Ltd., Dongguan Tailing Electric Vehicle Co., Ltd. (TAILG), Zhejiang Luyuan Electric Vehicle Co., Ltd., and Shandong Incalcu Electric Vehicle Co., Ltd.

Yadea Group Holdings Ltd. is one of the leading players in this market. The company is continuously delivering new advanced electric two-wheelers with innovative charging solutions. In November 2017, Yadea presented its all-new electric two-wheeler C-Umi in Hanoi, Vietnam, at an international e-vehicle exhibition, which received a lot of customer and merchant attention and praise. Hero Electric is another leading player, followed by Vmoto Limited, Jiangsu Xinri E-Vehicle Co., Ltd., and Electrotherm Ltd. For instance, in 2018, Yadea expanded its portfolio by launching 26 new electric scooters and motorcycles. In May 2019, Vmoto Limited, the Australian performance electric motorcycle manufacturer, signed an agreement with the Italian two-wheeler manufacturer Ducati  Motor to launch two-wheeler electric vehicles CUX (special Ducati edition) in the coming years.

Another important player in the industry is Hero Electric. In February 2018, Hero Electric launched its new electric scooter/moped, the AXLHE-20, the most powerful electric scooter offered by the company in India. The electric scooter has a 4 kW motor powered by a Li-ion battery.

Related Reports:

Electric Scooter and Motorcycle Market by Vehicle Type (E-Scooter/Moped and E-Motorcycle), Battery Type (Sealed Lead Acid & Li-Ion), Distance Covered, Voltage (36V, 48V, 60V & 72V), Technology (Plug-in & Battery) Region - Global Forecast to 2027

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Report Code
AT 7219
RI Published ON
7/4/2019
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