Due to the rising sales of electric scooters and motorcycles in the country, the Indian electric scooter and motorcycle market is predicted to attain a revenue of $1,043.4 million in 2025.
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.
In its latest report, P&S Intelligence forecasts the North American electric scooters and motorcycles market value to grow from $164.7 million in 2020 to $590.4 million by 2025, at a 25.1% CAGR between 2021 and 2025, As a result of such robust support of the government. In 2017, the Californian government began offering a 10% tax credit on the purchase of electric motorcycles costing up to $2,500.
The e-mobility trend is on rise. In the third quarter of 2019, around 45 EV companies across the world showed a total fund raising of USD 2.7 billion. However, the COVID-19 outbreak has led to a slowdown in electric motorcycles & scooters industry growth in 2020. Shortage of raw materials, labor and restrictions on movement have led to a temporary shutdown of many automobile manufacturing facilities, globally.
The Indian electric scooters and motorcycles market generated a revenue of $80.0 million in 2018, and it is expected to register CAGR of 36.3% during the forecast period.
Implementation of strict vehicular emission norms by several countries including Canada, China, Japan, U.S. and others is aiding large-scale adoption of electric scooters and motorcycles for routine commute.
More Information @ https://bit.ly/2omj5MZ Increasing consumer awareness towards climate change in conjunction with implementation of regulations for pollution control & environment conservation will fuel the electric motorcycles & scooters market share from 2018 to 2024.
This report provided by GrandResearchStore is about, The Global Electric Motorcycle and Scooter Industry 2016 Market Research Report is a professional and in-depth study on the current state of the Electric Motorcycle and Scooter industry.
Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/218 Various factors such as integrated mobility, inclination towards eco-friendly transportation and development of mega cities are anticipated to positively impact the industry demand. In addition, increasing environmental apprehension accompanied by availability of these electric vehicles at affordable prices is anticipated to fuel the industry growth over the several forth coming years. Advent of several awareness initiatives taken by governments to promote the adoption of electric vehicles is likely to boost the industry demand over the forecast period. Attributes such as low operational and maintenance costs offered by these electric vehicles is estimated to augment electric two wheelers market demand.
Get more information @ http://bit.ly/2omj5MZ The U.S. electric motorcycles & scooters market has witnessed regulatory support for product adoption, including R&D investments and competitive programs for encouraging vendors to invest in infrastructure.
APAC electric scooters and motorcycles market is projected to see its sales volume increase to 31.2 million units by 2025, at a 7.6% CAGR during 2018–2025.
On the back of grave environmental concerns, governments around the world are propagating mass adoption of electric vehicles (EVs) such as scooters, cars, and other automobiles. A crucial part of the electrical automotive space, Electric Scooters and Motorcycle garners increasing consumer interest. Favorable factors such as cost-efficiency, reduced pollution, and ease of travelling attribute for growing consumer inclination.
The North America electric scooters and motorcycles market attained a size of $154.8 million in 2018, and it is predicted to progress at a CAGR of 28.4% during the forecast period (2019–2024).
A new report available with decisiondatabases.com on Electric Motorcycle Market which provides an in-depth analysis during the forecast period. This report focuses on top manufactures with capacity, production, price, revenue and Market share. View Full Report @ https://bit.ly/2XFDi2J
A new report available with decisiondatabases.com on Electric MotorcycleMarket which provides an in-depth analysis during the forecast period. This report focuses on top manufactures with capacity, production, price, revenue and Market share.
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Electric Scooter Market is expected to be more than US$ 30 Billion by 2025. Driven by major growth drivers of the e-scooter market is pro-government support & Climate change. Follow the Link : https://www.renub.com/global-electric-scooter-market-nd.php
Driven by favorable growth opportunities, Future Market Insights (FMI) has forecast the market to register a robust 9% CAGR during 2021-2031. While competition will continue soaring, leading market players, including Jiangsu Xinri E-Vehicle Co. Ltd., Sanyang Motor Co. Ltd., Vmoto Limited, Terra Motors Corp., GOVECS GmbH are expected to account for 55% of sales in 2021.
North America motorcycle market size is projected to expand at significant CAGR from 2024 to 2032. The growth can be attributed to the rising appeal for recreational riding, the surge in demand for adventure motorcycles, and the growing popularity of electric motorcycles. Moreover, the strong appeal of motorcycling culture, favorable weather conditions for riding, and the introduction of innovative motorcycle models will further contribute to the regional industry expansion.
The market is predominantly driven by tax concession on eco-friendly vehicles, growing concern for increasing carbon emissions, low maintenance cost of electric two-wheelers, and favorable regulatory environment. Globally, the increasing greenhouse gas (GHG) emissions have been a great concern for environmentalists and governments. This concern has led to an increase in the overall growth of electric two-wheeler sales and its adoption worldwide, thus acting as a prime driver for the growth of the market.
Due to the rising sales of electric scooters and motorcycles in the country, the Indian electric scooter and motorcycle market is predicted to attain a revenue of $1,043.4 million in 2025.
The Plug-in Hybrid Electric Vehicles (PHEVs) segment is prompted to grow significantly through 2032, owing to their flexibility and extended driving range. PHEVs require specialized tires that can handle the diverse demands of electric and conventional propulsion. The increasing popularity of hybrid vehicles and advancements in battery technologies are pushing the industry growth. EV tire manufacturers are developing innovative tire solutions that optimize performance, tread life, and energy efficiency for PHEVs, ensuring a smooth and eco-friendly driving experience.
The E-Scooter market continues its upward trajectory, driven by urbanization and eco-conscious commuting trends. With technological advancements, lithium-ion batteries offer extended ranges and faster charging times,
According to the latest research report by IMARC Group, The global electric two-wheeler market size reached US$ 39.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 109.5 Billion by 2032, exhibiting a growth rate (CAGR) of 11.5% during 2024-2032. More Info:- https://www.imarcgroup.com/electric-two-wheeler-market
The Vietnam electric two-wheeler market is predicted to grow at 5.8% CAGR during the forecast period in terms of its revenue size. The market in Vietnam is powered largely by favorable government policies and increased awareness of the use of electric vehicles. In Vietnam, numerous products, including e-scooters and e-bikes, contribute significantly to the scale of the electric two-wheeler industry.
The Asian electric two-wheeler market is predicted to grow at 7.0% CAGR during the forecast period with its fleet size reaching 59.3 million units by 2024. The Asian market is driven largely by technical developments in battery technology, government funding and electric car programs, raising awareness of the reduction of vehicle emissions. Different products including e-scooters and e-bikes are majorly contributing to the electric two-wheeler market size in Asia.
The Thailand electric two-wheeler market is predicted to grow at 17.4% CAGR during the forecast period in terms of value. The Thailand market is still at a nascent level, guided by the fact that non-governmental organisations are encouraging and fuelling the adoption of electric cars. Now, however, the country's government has kick-started its actions to embrace hybrid cars, particularly light electric vehicles. In Thailand, numerous products, including e-scooters and e-bikes, add significantly to the size of the electric two-wheeler market.
The Philippines electric two-wheeler market is predicted to grow at 6.1% CAGR during the forecast period in terms of revenue size. Due to the activities of non-governmental and government organisations, the Philippines market is mainly powered by the rapidly rising market. In the Philippines, different products, including e-scooters and e-bikes, add significantly to the scale of the electric two-wheeler market.
The Indonesian electric two-wheeler market is predicted to grow at 14.2% CAGR during the forecast period with its fleet size reaching 41,000 units by 2024. The Indonesian market for light electric vehicles is largely motivated by the country's high level of automotive emissions and increased desire to reduce the level of CO2 by the implementation of a cleaner mode of transport. In Indonesia, numerous products, including e-scooters and e-bikes, contribute significantly to the scale of the Indonesia electric two-wheeler market.
The India Electric Two-Wheeler Market is expected to expand at a CAGR of over 40% from 2018 to 2025, end of the forecast period. New entrants and various unorganized players are expected to disrupt the market
The Indian electric two-wheeler market is predicted to grow at 44.0% CAGR during the forecast period with its fleet size reaching 633.9 thousand units by 2024. The Indian market is driven largely by the vast population and the regulations of supportive government. With rising per capita revenue, increasing awareness of the reduction of automotive emissions and the growth of smart cities, the industry has experienced substantial demand for these goods in recent years.
The Worldwide Mobility Scooter market research report covers the present scenario and the growth prospects of the Worldwide Mobility Scooter Market for the period 2015 2021. See Full Report: http://goo.gl/YIaQyE
According to the latest research report by IMARC Group, The global electric two-wheeler lithium-ion battery management system market size reached US$ 704.5 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 3,201.2 Million by 2032, exhibiting a growth rate (CAGR) of 18.25% during 2024-2032. More Info:- https://www.imarcgroup.com/electric-two-wheeler-lithium-ion-battery-management-system-market
According to the latest research report by IMARC Group, The global electric two-wheeler market size reached US$ 35.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 72.5 Billion by 2028, exhibiting a growth rate (CAGR) of 13.18% during 2023-2028. More Info:- https://www.imarcgroup.com/electric-two-wheeler-market
The two-wheeler hub motor market consists of sales of two-wheeler hub motors by entities (organizations, sole traders, and partnerships) that are used to power rear-wheel drive vehicles. A hub motor is an electrical motor that is attached to the wheels and converts electric power to motive power to provide traction. It helps in reducing the weight of the vehicle, reduces fuel consumption, extends the life of a two-wheeler, and lowers maintenance costs.
Markntel Advisors has conducted a comprehensive study on the Global Electric Two Wheeler Market is projected to grow at a CAGR of around 25.57% during the forecast period, i.e., 2023-28.
The report discusses how the market for electric two-wheelers is changing in India. Various factors such as government schemes, rising demand for eco-friendly vehicles, concerns over pollution and rising fuel prices is bolstering the market. Read on to know where the market will be in the year 2021.
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According to the latest research report by IMARC Group, The global electric two-wheeler lithium-ion battery management system market size reached US$ 582.5 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,774.41 Million by 2028, exhibiting a growth rate (CAGR) of 18.70% during 2023-2028. More Info:- https://www.imarcgroup.com/electric-two-wheeler-lithium-ion-battery-management-system-market
The global electric vehicles market size reached 18.1 Million Units in 2022. Looking forward, IMARC Group expects the market to reach 148.4 Million Units by 2028, exhibiting a growth rate (CAGR) of 41.2% during 2023-2028. More info: https://www.imarcgroup.com/electric-vehicles-market
Looking forward, the electric two-wheeler market value is projected to reach a strong growth during the forecast period (2022-2027). More info:- https://www.imarcgroup.com/electric-two-wheeler-market
The Global Electric Bike Market size is expected to reach $73.2 billion by 2026, rising at a market growth of 11.2% CAGR during the forecast period. The electric bike contains different components such as pedals, an in-built electric motor, & rechargeable batteries in order to increase propulsion.
Motorcycle And Bicycle Global Market Report 2022 by The Business Research Company is the most comprehensive report available on the market, being wide-ranging both in terms of chronology and geography. It covers the historic period – 2016-2021
Based on vehicle type, the market has been categorised into the motorcycle and scooter/moped segment. In 2019, the motorcycle segment dominated the market and is estimated to dominate the market over the next five years as well. In 2019, exports of motorcycle had shown a remarkable growth and a favourable increasing trend in the two-wheeler value market.
FMI offers a 10-year forecast for the electric bike market between 2017 and 2027. In terms of value, the market is expected to register a CAGR of 3.1% during the forecast period (2017–2027)
India Electric Two-Wheeler market is expected to grow with a CAGR over 40% during the forecast period 2018-2025, owing to strict emission norms and regulations, government incentives, and increasing environmental awareness. The emissions from conventional gasoline based vehicles cause environmental degradation. The government has started various measures for regulating carbon emissions, thereby indirectly driving the sales of electric scooters and motorcycles in the country. Moreover, the government also prolongs its support for these vehicles in the form of subsidies, thus, encouraging the adoption of these vehicles, as ‘good replacement’ of old conventional ones.
The global two wheelers market valued USD 90.1 billion in 2016, including electrically powered two wheelers and also accounted for more than 135 million units sold in same year. Further, the market is anticipated to expand at a CAGR of 6.9% to reach USD 154.3 billion over the forecast period i.e. by 2024.
The Asia Pacific two wheelers market valued USD 76.4 billion in 2016, including electrically powered two wheelers and also accounted for more than 110 million units sold in 2016. Further, the market is anticipated to expand at a CAGR of 6.2% to reach USD 123.6 billion over the forecast period owing to absence of reliable public transportation system and high cost of passenger cars.
Electric Bike Market: Pedelec Segment by Product Type to Retain Its Dominance Throughout the Forecast Period: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027