Electric Motorcycle & Scooter Market Growth Potential & Forecast, 2032

Global Electric Motorcycle & Scooter Market will witness 5.2% CAGR between 2023 and 2032, propelled by extensive product launches and sustainability initiatives from key industry players. With a focus on reducing emissions and promoting eco-friendly transportation, leading companies introduce innovative electric models.

For instance, in September 2022, Honda revealed intentions for a carbon-neutral future, aiming to debut over ten electric motorcycles by 2025, featuring three mid-range models and a youth variant for North America. Historically cautious about electrification, Honda's primary focus has been on swappable battery packs for electric two-wheelers. These launches cater to an environmentally conscious consumer base, driving the market's growth. As sustainability goals drive technological advancements, the EMS market witnesses a surge in offerings, marking a transformative shift towards cleaner, more efficient urban mobility options globally.

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Motorcycles segment will undergo significant development from 2023 to 2032. As urban commuting and eco-consciousness intertwine, electric motorcycles gain traction as a sustainable alternative. With zero-emission capabilities and advancing technology, electric motorcycles offer performance without environmental impact. This growing demand signifies a shift in consumer preferences towards cleaner, efficient mobility solutions. As manufacturers innovate to meet this rising interest, the EMS market witnesses a notable transformation, shaping the future of urban transportation with electric motorcycles at its forefront.

Electric motorcycle & scooter (EMS) market size from the SLA cooperatives segment will register a noteworthy CAGR from 2023 to 2032. Although traditional, SLA batteries provide cost-efficient solutions for electric two-wheelers. Their reliability and affordability fuel market demand, especially in entry-level electric vehicles. However, the evolving landscape favors lithium-ion technology due to its higher energy density and performance. Despite this, SLA batteries retain relevance in certain segments, contributing to the EMS market's diversity by offering accessible options for electric mobility in specific applications and markets.

MEA electric motorcycle & scooter (EMS) industry will showcase a commendable CAGR from 2023 to 2032. As urbanization accelerates, coupled with environmental concerns, the shift towards eco-friendly transportation amplifies. Electric motorcycles and scooters offer viable solutions to urban mobility challenges, aligning with the region's sustainability goals.

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Government initiatives and rising consumer awareness of clean energy drive the demand for electric two-wheelers. This growing interest signifies a shift towards efficient, environmentally friendly transport options, fostering the EMS market's growth in the MEA region. For instance, in August 2022, the Ministry of Health and Population in Egypt declared the acquisition of 12 scooter ambulances to enhance patient care in narrow streets, enabling swift paramedic access for immediate first aid and subsequent transport. Emphasizing their eco-friendliness, the ministry highlighted the electric nature of these scooters, capable of covering 100 kilometers per charge.

Partial chapters of report table of contents (TOC):

Chapter 2   Executive Summary

2.1    Electric motorcycle & scooter industry 3600 synopsis, 2018-2032

2.2    Business trends

2.2.1    Total Addressable Market (TAM), 2023-2032

2.3    Product trends

2.4    Battery trends

2.5    Voltage trend

2.6    Regional trends

Chapter 3   Industry Insights

3.1    Introduction

3.2    Impact of COVID-19

3.3    Industry ecosystem analysis

3.3.1    Component suppliers

3.3.2    Technology providers

3.3.3    Manufacturers

3.3.4    End use landscape

3.3.5    Profit margin analysis

3.3.6    Distribution channel analysis

3.3.7    Vendor matrix

3.4    Technology & innovation landscape

3.5    Patent analysis

3.6    Key initiative and news

3.7    Regulatory landscape

3.8    Industry impact forces

3.8.1    Growth drivers

3.8.1.1   Increasing government support for the promotion of e-mobility across the globe

3.8.1.2   Stringent emission regulations in North America

3.8.1.3   Growing presence of EV manufacturers in Europe and Asia Pacific

3.8.1.4   Rising concerns about pollution levels in Asia Pacific

3.8.1.5   Growing awareness related to electric mobility in LATAM & MEA

3.8.2    Industry pitfalls & challenges

3.8.2.1   High initial investments in electric motorcycle & scooter

3.8.2.2   Limited charging infrastructure in developing economies

3.9    Growth potential analysis

3.10    Porter's analysis

3.11    PESTEL analysis

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