The Electric Scooter and Motorcycle Market Share is projected to grow significantly, reaching a value of $12.4 billion by 2030. This growth is largely driven by the increasing shift toward sustainable urban mobility, as electric two-wheelers provide a cleaner alternative to traditional fuel-powered options. Factors like advancements in battery technology, extended range, and faster charging capabilities are enhancing the appeal of electric scooters and motorcycles, allowing them to capture a larger share of the overall two-wheeler market. Supportive government policies and incentives worldwide are further driving the expansion of the Electric Scooter and Motorcycle Market Share, as more consumers and businesses prioritize eco-friendly transportation solutions.
In terms of Electric Scooter and Motorcycle Market Share, Asia-Pacific dominates due to rapid urbanization, government support, and strong demand in countries like China and India. Europe and North America are also experiencing growth, thanks to eco-friendly policies and an increasing preference for zero-emission personal mobility. Key players are focusing on expanding their product portfolios with cost-effective, high-performance models to capture a larger share in this competitive landscape. As a result, electric two-wheelers are anticipated to capture a substantial market share globally, catering to the demand for convenient, low-maintenance transportation solutions.
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Improved battery technology and charging infrastructure are needed to drive the segment.
Compared to lower voltage options (like 36 V or 48 V), 72 V batteries generally offer more power. This translates to better acceleration with higher speeds. 72 V batteries are mostly preferred where high performance is required. Compared to other batteries, these batteries are expensive and are mostly used in high-performance electric scooters and motorcycles. Due to recent advancements in lithium-ion battery technology, manufacturers may now be able to resolve the high energy-to-weight ratio of high voltage batteries, like the 72 V. This helps further to improve the energy efficiency and range of electric two-wheelers. Hero Electric offers its electric scooter Photon, with a 72 V battery, for customers who do not want to compromise performance. Manufacturers are introducing new vehicle models to cater to the market’s demand for high-voltage electric scooters and motorcycles. For instance, in November 2023, Yadea Technology Group Co., Ltd. unveiled the Yadea Kemper electric motorcycle at the EICMA 2023 Milan Motorcycle Show. The motorcycle has a top speed of 160 km/h (99.4 mph) and a centrally-mounted motor rated for 23 kW of continuous power and 40 kW of peak power with a battery of 72 V.
“The commercial use of electric scooter is expected to show significant growth during the forecast period.”
Fleet owners delivering goods and services to their customers increasingly rely on electric scooters and motorcycles. Electric two-wheelers often come equipped with advanced telematics and fleet management systems. These technologies enable real-time tracking, route optimization, and efficient fleet management, improving delivery efficiency. Businesses can monitor vehicle performance, schedule maintenance, and analyze data to optimize operations. Using electric scooters/mopeds and motorcycles can significantly reduce delivery costs and improve profitability. Meal delivery companies across the globe use electric scooters. For instance, in December 2023, Uber Eats (US) partnered with Gogoro (Taiwan) for Green Delivery Program. The partnership is word USD 30 million. Uber Eats delivery partners will receive discounts on new Gogoro Smartscooters and battery swapping programs and be given incentives for deliveries on Gogoro Smartscooters. Through the program, Uber Eats expects EV deliveries in Taiwan to double from nearly 20% to 40% by the end of 2025. Also increasing fuel prices, the need to rationalize costs, favorable government policies, and rising awareness of emission-free vehicles would boost the adoption of electric scooters for commercial use in the forecasted period.
Asia Pacific is the largest market for electric scooter during the forecast period.
The electric scooter and motorcycle market has witnessed rapid year-on-year growth in the Asia Pacific region, which comprises some of the fastest-developing economies globally, such as China, Japan, and India. The market has witnessed rapid growth year-on-year in the Asia Pacific region. India is one of the largest markets for electric scooters. Apart from the manufacturers recognizing the growth potential of the market, the positives of electrification of two-wheelers, such as noise-free operation and low maintenance cost, have led to an increase in the development of electric two-wheelers over the years, catering not only to domestic demand but overseas demand as well. The market growth in the region can also be attributed to the rising demand for energy-efficient commuting along with several initiatives by private organizations as well as governments. For instance, Indonesia’s government aims to put 1 million electric two-wheelers on the road through 2024. Thailand’s government offers a subsidy of THB 10,000 (USD 275) for e-motorcycles manufactured in Thailand with batteries smaller than 3 kWh but with a range of over 75 kilometers per charge.
Key Players
The electric scooter and motorcycle market is dominated by established players such as Yadea Technology Group Co., Ltd. (China), Ola Electric (India), TVS Motor Company (India), Ather Energy (India), and Gogoro (Taiwan).
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