Electric Scooter and Motorcycle Market

Electric Scooter and Motorcycle Industry - Forthcoming Trends to Fuel the Global Growth

The global electric scooter and motorcycle market, by value, is estimated to be USD 4.9 billion in 2023 and is projected to reach USD 14.7 billion by 2028, at a CAGR of 24.8% from 2023 to 2028. In the near future, demand for e-scooters and e-motorcycles is expected to increase due to favourable government policies and OEM investment.

The electric scooter and motorcycle market industry is undergoing rapid evolution, driven by emerging trends and global forecasts.

Emerging trends in the global Electric Scooter and Motorcycle Market are:

  • Urbanization and Last-Mile Connectivity
  • Government Incentives and Regulations
  • Battery Technology Advancements
  • Smart Features Integration
  • Sharing and Rental Services Expansion
  • Focus on Lightweight Designs
  • Product Offerings Diversification

These trends underscore the dynamic growth and evolution of the Electric Scooter and Motorcycle Market, driven by changing consumer needs and technological advancements.

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Urbanization and Last-Mile Connectivity:

  • The rise of urban areas is driving the need for electric scooters and motorcycles as convenient transportation options for short-distance commutes and last-mile connectivity.

Government Incentives and Regulations:

  • Government incentives and regulations supporting electric vehicles are fueling market growth and encouraging manufacturers to innovate and expand their electric vehicle offerings.

Battery Technology Advancements:

  • Ongoing advancements in lithium-ion battery technology are improving the range, performance, and charging times of electric scooters and motorcycles, enhancing their appeal to a wider audience.

Smart Features Integration:

  • Electric scooters and motorcycles are integrating smart features like connectivity, GPS navigation, and mobile app integration to enhance user experience and safety.

Sharing and Rental Services Expansion:

  • The proliferation of sharing and rental services for electric scooters and motorcycles in urban areas is providing convenient and environmentally friendly transportation options for commuters.

Focus on Lightweight Designs:

  • Manufacturers are prioritizing lightweight and portable designs for electric scooters and motorcycles, making them easier to maneuver and store in urban environments.

Product Offerings Diversification:

  • The market is witnessing a diversification of product offerings, with manufacturers introducing a variety of electric scooters and motorcycles to cater to different consumer preferences and price points.

Related Reports:

Electric Scooter and Motorcycle Market by Vehicle (E-Scooters/Mopeds & E-Motorcycles), Battery (Lead Acid & Li-Ion), Distance, Voltage (36V, 48V, 60V, 72V, Above 72V), Technology Usage(Private, Commercial), Vehicle Class & Region - Global Forecast to 2028

Electric Scooter and Motorcycle Market Size,  Share & Growth Report
Report Code
AT 7219
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