Electric Scooter And Motorcycle Market Helps in providing scope and definitions, Key Findings, Growth Drivers, and Various Dynamics

The electric scooter and motorcycle market has experienced continuous growth since 2014. In 2019, about 152.0 thousand electric scooters and motorcycles were sold, a 20.6% rise on an annual basis from 2014. It is predicted that the yearly retail sales volume will reach 1,080.5 thousand units by end of 2025, with a CAGR of 57.9% during 2020-2025 (forecast period). Meanwhile, the retail sales value is expected to rise to over $1.0 billion by 2025, a CAGR of 63.9% during the 2020-2025 period.

Electric scooters and motorcycles are plug in electric vehicles that usually have to two or three wheels. They use need battery to run and the electricity is usually stored on board in rechargeable battery. They have the ability to cover distance from below 75 miles to more than 100 miles. These electric vehicles are equipped with lithium-ion batteries and are rechargeable in nature. They are cost effective because they don't run on fuel or petrol.

Factors such as an increase in fuel prices, adoption of emission-free vehicles, and favorable government policies like subsidies & tax rebates are factors that would drive growth for the adoption of electric scooters and the motorcycle market.

To attract and encourage people to buy electric two-wheelers, government bodies of different countries are introducing lucrative schemes and incentives that include formidable discounts, free electricity (initially), and free public charging stations.

Apart from this, governments are working with manufacturers to build charging and manufacturing facilities, exempting them from taxation. These factors are expected to drive the Electric Scooter and Motorcycle Market in the future.
The government across the globe has realized the potential of electric mobility that can offer multiple benefits in terms of prevention of environmental damage, reduction of global warming as well as reduced dependence on oil-producing countries which offers a tremendous reduction in import bills and helps in managing foreign exchange risks. These incentives offered by the governments will be critical in driving the market.

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Global Electric Scooter and Motorcycle Market: Major Players
BYVIN
Supaq
Razor
TAILG
Lima
Lime
Mi
Genze
Bird
Incalcu
Ninebot
Lvjia
Zhejiang Lebu Electric Vehicle Co.
Segway
AIMA
ShenZhen RND Electronics Co., Ltd.
Yadea
Sunra
Lvyuan
Spin

Global Electric Scooter and Motorcycle Market: By Types
Electric Scooter
Electric Motorcycle

Global Electric Scooter and Motorcycle Market: By Applications
Kids
Teens
Adults

Global Electric Scooter and Motorcycle Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Electric Scooter and Motorcycle market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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Key Questions Answered in the Report
•What was the global electric scooter and motorcycle market size in 2020?

•What is the growth rate of the market?

•What is the forecast outlook of the market for 2023-2028?

•What are the major industry drivers?

•What are the key industry trends of the global electric scooter and motorcycle market?

•What are the major regional markets of electric scooter and motorcycle, according to the EMR report?

•What are the major products of electric scooter and motorcycle in the industry?

•What are the significant battery types of electric scooter and motorcycle?

•What are the major technologies of electric scooter and motorcycle?

•What are the significant voltages of electric scooter and motorcycle?

•Who are the key industry players, according to the report?

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