Electric Motorcycle and Scooter Market: Key Insight

  • Electric motorcycle or scooter market is anticipated to expand at the CAGR of 5.3% during the period of 2019 to 2027
  • Electric scooter is one of the major segment of the electric motorcycle or scooter market and is anticipated to hold around 66% market share of the electric motorcycle or scooter market
  • Sealed lead acid battery are preferred widely in majority of the low cost electric two wheeler vehicle owing to its low cost as compared to others
  • The battery segment accounts for a notable share of the market, due to its higher rate of adoption in electric two wheeler vehicles in conjunction with low cost solution 

Growth Drivers for Electric Motorcycle and Scooter Market:

Electric motorcycle or scooter is a two-wheeled vehicle powered by an electric motor, where electric power is stored in the form of a rechargeable battery. This battery drives and powers one or more electric motors in the two-wheeler vehicle. Electric motorcycle and scooters are considerably quieter than traditional powered motorcycles and scooters; they are so silent that pedestrian are likely to be unaware of their presence on the street or road. Presently, a majority of electric motorcycles and scooters are driven by a rechargeable lithium-ion battery and sealed lead acid battery.

  • Pure electric vehicles operate entirely on electricity and do not entail any other form of alternate fuel for functioning. Since the beginning of 2011, there has been a gradual increase in the adoption of electric vehicles, including electric motorcycles and scooters, by consumers around the world.
  • Increasing vehicular pollution, especially from gasoline powered two-wheeler motorcycles and scooters, has led to a surge in the adoption of electric powered two-wheelers vehicle.
  • Additionally, governments across the globe are offering favorable regulatory environment norms to stimulate the manufacturing of electric motorcycles and scooters.
  • Developed countries are leading the shift toward electric two-wheelers, as they increase the concentration of electric motorcycles and scooters in their total production of two-wheeler motor vehicles.
  • The electric two wheeler market is anticipated to expand at a noteworthy growth rate during the forecast period owing to the multiple benefits offered by these vehicles, such as high efficiency, low or no emission, noiseless operation, low fuel (charging) cost, and less maintenance.

Challenges for Electric Motorcycle and Scooter Market:

  • Limited availability of charging infrastructure supplemented with high charging time are likely to restrain the market in near future.
  • Moreover, electric motorcycles and scooters are considerably expensive as compared to traditional ones. This further hinders the demand for electric two-wheeler motor vehicles, which in turn is estimated to hamper the electric motorcycle and scooter market during the forecast period.

The global electric motorcycle and scooter market has been segmented based on product, battery type, technology, and region.

In terms of product, the global electric motorcycle and scooter market has been be bifurcated into motorcycle and scooter. The scooter segment accounted for a prominent share of the market, primarily due to the higher rate of adoption of electric scooters supplemented with low cost of the vehicle, as compared to that of an electric motorcycle.

electric motorcycle scooter market1

Based on battery type, the global electric motorcycle and scooter market has been split into sealed lead acid and lithium-ion. The sealed lead acid segment led the global electric motorcycle and scooter market. However, the lithium ion segment is a highly attractive segment of the electric motorcycle and scooter market due to its large running capacity, longer life-span, charging speed, and efficiency, as compared to other electric two-wheeler battery technologies.

electric motorcycle scooter market2

In terms of technology, the global electric motorcycle and scooter market has been classified into plug-in and battery. The battery segment accounted for a notable share of the market, due to its higher rate of adoption in electric two-wheeler motor vehicles. Furthermore, the battery technology is cost-effective, as compared to plug-in technology. This has led to higher penetration of battery segment in electric motorcycle and scooter.

Electric Motorcycle and Scooter Market: Regional Analysis

In terms of region, the Asia Pacific dominated the global electric motorcycle and scooter market, majorly due to the massive production and adoption of electric scooters and motorcycles in China, which single-handedly leads the global share of the electric motorcycle and scooter market.

Moreover, a surge in emissions coupled with government emission norms and subsidies offered has fueled the adoption of electric motorcycles and scooters in China, thereby boosting the market share held by Asia Pacific.

Other major countries with rising rate of adoption of the electric two-wheeler motor vehicles are India, Japan, and Taiwan.

Electric Motorcycle and Scooter Market: Competitive Landscape

The report also profiles the major players in the market in terms of attributes such as company overview, product overview, company financials, business strategies, and recent developments.

Key players operating in the electric motorcycle and scooter market include

  • AIMA
  • ALTA MOTORS
  • Aucma EV
  • BMW Motorrad
  • Bodo Vehicle Group
  • BYVIN
  • Electric Motor Sport, Inc.
  • Emmelle
  • Energica Motor Company S.p.A.
  • Evoke Electric Motorcycles
  • Fushida, Gamma Technologies
  • Govecs Group
  • Hero Eco
  • Honda Motors
  • KTM Sportmotorcycle GmbH
  • Lightning Motorcycle Corp.
  • Lima Electric Vehicle Co. Ltd.
  • Lito, Lvjia
  • Mahindra & Mahindra Ltd.
  • Piaggio & C. SpA
  • Polaris Industries, Inc.
  • Qianxi Group
  • Quantya
  • Shandong Incalu Electric Vehicle Co. Ltd.
  • Shanghai Palla Electric Vehicle Co.
  • Sinski Motorcycle
  • Slane
  • Sunra EV
  • Suzuki Motor Corporation
  • TAILG
  • Terra Motors Corporation
  • Tork Motors
  • Wuxi Yadea Export-Import Co.,Ltd.
  • Yamaha Motor Corporation
  • YObykes
  • Z Electric Vehicle
  • Zero Motorcycles, Inc.
  • Zhejian Luyuan Electric Vehicle Co. Ltd.
  • Zuboo.

Electric Motorcycle and Scooter Market - Overview

Electric motorcycle or scooter is a two-wheeled vehicle powered by an electric motor, where electric power is stored in the form of a rechargeable battery. This battery drives and powers one or more electric motors in the two-wheeler vehicle.

Electric motorcycle and scooters are considerably quieter than traditional powered motorcycles and scooters

Upsurge in vehicular pollution, especially from gasoline powered two-wheeler motorcycles and scooters, has led to an increase in the adoption of electric powered two-wheelers vehicle

High cost of the electric motorcycles and scooters are likely to hamper the growth of the market in the near future

This report analyzes and forecasts the market for electric motorcycle and scooter at the global and regional level. The market has been forecast based on value (US$ Mn) and volume (thousand units) from 2019 to 2027.

The study includes drivers and restraints of the global electric motorcycle and scooter market. It also covers the impact of these drivers and restraints on the demand for electric motorcycle and scooter during the forecast period. The report also highlights opportunities in the electric motorcycle and scooter market at the global and regional level.

The report comprises a detailed price trend analysis, government regulatory scenarios, value chain analysis, which provides a comprehensive view of the global electric motorcycle and scooter market. The Porter’s Five Forces model for the electric motorcycle and scooter market has also been included to help understand the competitive landscape in the market.

The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness. 

Electric Motorcycle and Scooter Market: Key Segments

  • Based on product, the global electric motorcycle and scooter market has been classified into scooter and motorcycle.
  • Increasing demand for alternative fuel vehicles and rising demand for efficient, long-range (mileage), and less noisy vehicles are key factors that are projected to boost the electric two wheeler motor powered vehicle market in the near future.
  • In terms of battery type, the global electric motorcycle and scooter market has been classified into sealed lead acid and lithium-ion. Increase in demand for large running capacity of the battery supplemented with longer life span and less maintenance have led to significant growth rate of the lithium-ion battery.
  • Based on technology, the global electric motorcycle and scooter market has been categorized into plug-in and battery segment.
  • The market size and forecast for each of these segments have been provided for the period from 2018 to 2027, along with their respective CAGRs for the forecast period from 2019 to 2027, considering 2018 as the base year. 

Electric Motorcycle and Scooter Market: Regional Outlook 

Geographically, the global electric motorcycle and scooter market has been segmented into five major regions: North America (the U.S. and Canada), Europe (the U.K., Germany, France, Spain, Italy, and Rest of Europe), Asia Pacific (China, India, Japan, ASEAN, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa (GCC Countries, South Africa, and Rest of Middle East & Africa).

The market size and forecast for each of these regions and the mentioned countries have been provided for the period from 2018 to 2027, along with their respective CAGRs for the forecast period from 2019 to 2027, considering 2018 as the base year. The research study also covers the competitive scenario in these regions.

Companies Mentioned in Report

The report also profiles the major players in the market in terms of attributes such as company overview, product overview, company financials, business strategies, and recent developments.

Key players operating in the electric motorcycle and scooter market include

  • AIMA
  • ALTA MOTORS
  • Aucma EV
  • BMW Motorrad
  • Bodo Vehicle Group
  • BYVIN
  • Electric Motor Sport, Inc.
  • Emmelle
  • Energica Motor Company S.p.A.
  • Evoke Electric Motorcycles
  • Fushida, Gamma Technologies
  • Govecs Group
  • Hero Eco
  • Honda Motors
  • KTM Sportmotorcycle GmbH
  • Lightning Motorcycle Corp.
  • Lima Electric Vehicle Co. Ltd.
  • Lito, Lvjia
  • Mahindra & Mahindra Ltd.
  • Piaggio & C. SpA
  • Polaris Industries, Inc.
  • Qianxi Group
  • Quantya
  • Shandong Incalu Electric Vehicle Co. Ltd.
  • Shanghai Palla Electric Vehicle Co.
  • Sinski Motorcycle
  • Slane
  • Sunra EV
  • Suzuki Motor Corporation
  • TAILG
  • Terra Motors Corporation
  • Tork Motors
  • Wuxi Yadea Export-Import Co.,Ltd.
  • Yamaha Motor Corporation
  • YObykes
  • Z Electric Vehicle
  • Zero Motorcycles, Inc.
  • Zhejian Luyuan Electric Vehicle Co. Ltd.
  • Zuboo.

The report provides the market size for 2018 and forecast for the next nine years. The global market size of electric motorcycle and scooter has been provided in terms of revenue and volume. Market numbers have been estimated based on key product, vehicle type, technology, and regional segments of the electric motorcycle and scooter market. Market size and forecast for each major Product and vehicle have been provided in terms of global and regional/country markets.

In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, revenue share for particular business segment, annual reports, press releases, and relevant documents for competitive analysis and market understanding.

Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.

Secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market, National government documents, statistical databases, and market reports, American Automobile Association, European Automobile Manufacturers Association, Automotive Research Association of India, Organization International des Constructeurs d'Automobile (OICA), Factiva, etc.

Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis.

Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, and outlook, etc. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.

The global electric motorcycle and scooter market has been segmented into: 

Product

  • Scooter
  • Motorcycle

Battery Type

  • Sealed Lead Acid
  • Lithium-ion

Technology

  • Plug-in
  • Battery

Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America