DUBLIN--(BUSINESS WIRE)--The "Global Electric Motorcycles & Scooters Market - Forecasts from 2019 to 2024" report has been added to ResearchAndMarkets.com's offering.
The global electric motorcycles & scooters market is evaluated at US$11.798 billion in 2018 and is anticipated to grow at a CAGR of 6.07% to reach US$16.807 billion in 2024.
The ability of these vehicles to offer considerable environmental benefits as opposed to gasoline-powered vehicles will be instrumental in the growth of this market.
Low maintenance requirement, initiatives by the government to spread awareness about the benefits of electric vehicles, superior quality and reliability will boost the growth of Electric Motorcycles & Scooter Market.
Sealed lead acid, Lithium-ion, Nickel-metal hydride are the three basic categories of batteries prevalent in the market. Lithium-ion equipped Electric motorcycles & Scooters Market is expected to grow at the highest rate during the forecast period on account of low weight and greater efficiency while charging and discharging.
However, factors like limited power output and range along with a lack of charging infrastructure are further expected to restrain the market growth during the forecast period.
Furthermore, China, being the largest exporter and manufacturer of E-vehicles, is expected to perform strikingly well on account of rapid urbanization, government support, industry shifts, and rising private demand.
Major industry players profiled as part of the report are Yamaha Motor Co., Ltd., Polaris Industries, Inc., KTM Sportmotorcycle GmbH, Harley-Davidson, and Revolt Motors among others.
- Lower maintenance and operating costs
- Government initiatives
- Lack of charging infrastructure facilities
- Limited power output and range
- In July 2019, Harley-Davidson announced the launch of its latest electric bike, LiveWire, the first-ever electric cruiser bike which is expected to go on sale throughout North America and Western Europe by the beginning of 2020.
- In July 2019, Revolt Motors announced the launch of India's first AI-powered electric bike, Revolt RV 400.
Key Topics Covered
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter's Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Industry Value Chain Analysis
4.7. Industry Regulations
4.8. Scenario Analysis
5. GLOBAL ELECTRIC MOTORCYCLES & SCOOTERS MARKET BY APPLICATION
5.1. Personal Use
5.2. Commercial Use
6. GLOBAL ELECTRIC MOTORCYCLES & SCOOTERS MARKET BY PRODUCT
7. GLOBAL ELECTRIC MOTORCYCLES & SCOOTERS MARKET BY BATTERY
7.1. Sealed-ion lead acid
7.3. Nickel metal hydride
8. GLOBAL ELECTRIC MOTORCYCLES & SCOOTERS MARKET BY GEOGRAPHY
8.1. North America
8.2. South America
8.3.3. United Kingdom
8.4. Middle East and Africa
8.4.1. Saudi Arabia
8.5. Asia Pacific
8.5.3. South Korea
9. COMPETITIVE INTELLIGENCE
9.1. Competitive Benchmarking and Analysis
9.2. Recent Investments and Deals
9.3. Strategies of Key Players
10. COMPANY PROFILES
10.1. Yamaha Motor Co. Ltd.
10.2. Polaris Industries Inc.
10.3. Jiangsu Xinri E-Vehicle Co. Ltd.
10.5. Terra Motors
10.6. Hero Electric
10.7. KTM Sportmotorcycle GmbH
10.8. Genze by Mahindra
10.10. Zero Motorcycles Inc.
10.11. Revolt Motors
For more information about this report visit https://www.researchandmarkets.com/r/k0dxpw