Electric motorcycles & scooters are also recognized as plug-in electric vehicles. These types of vehicle have two or three wheels. The electricity used by these electric vehicles is stored in rechargeable-lead or lithium-batteries. These types of vehicles are very comfortable and produce less vibration. Advancements such as compact size, high-speed driving efficiency, improved acceleration, and low engine weight have made it possible for electric motorcycles and scooters to handle higher speeds in all kinds of fields. Owing to increasing demand for sustainable transportation, the electric motorcycles and scooters market has grown significantly. In addition, it is also expected that the increase in energy costs and competition between the emerging energy-specific technologies will promote market growth. Moreover, growth in population and decline in the cost of electric motorcycles & scooters will drive the market for global electric motorcycles & scooters.
Referring to the study, Global Electric Motorcycles And Scooters Industry Research Report 2021 Segmented by Major Market Players, Types, Applications and Countries Forecast to 2027. Some of the key companies operating in the global electric motorcycles and scooters market include BMW Motorrad International, Greenwit Motorino, Zero Motorcycles, Alta Motors, AllCell Technologies, Green Energy Motors, BOXX Corp, Honda Motor, E.T Scooters and among others. Conventional players expand their presence in this new market, which was previously dominated by startups. These well-organized players are entering in the industry via introducing new-plants and converting the present motorcycles & scooters into the e-vehicles.
Based on types, electric motorcycles and scooters market can be segregated as electric tricycles, electric wheelchairs, electric kick scooters, electric mobility scooters, electric go-kart, electric bicycles, self-balancing electric scooters, electric motorcycles and others. In addition, based on application, market can be segregated as retail stores and e-commerce.
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Growth in technological advancements in the field of motors & battery management systems, followed by increase in government incentives & subsidies, rise in concerns about pollution levels, increase in need to minimize the levels of collective carbon footprints, stringent emission regulations, growth in need for sustainable transportation, increase in awareness related to electric mobility, increase in affordability of electric two-wheelers and low operating & maintenance costs are some major factors, which are responsible for growth of the electric motorcycles and scooters market. Apart from this, lack of power output and limited range and lack of charging infrastructure may impact the market. Moreover, increase in consumer awareness towards alternate fuel is a leading opportunity for global market.
Based on regional analysis, the Asia-Pacific is a leading region in global electric motorcycles and scooters market owing to rise in demand for affordable electric scooters for short-distance commuting and large sales production & sales volumes of electric two-wheelers across the region. The North-America and Europe regions are estimated to witness higher growth rate due to rise in disposable income of working-class people and increase in government investments over the forecast period. It is projected that future of the global electric motorcycles and scooters market will be optimistic on account of rise in consumer awareness of air pollution along with high demand for low noise transport solutions during the forecast period.
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