Global Electric Motorcycles & Scooters Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Product;
Electric Motorcycles and Electric Scooters.By Battery;
SLA and Li-ion.By Voltage;
24V, 36V, 48V, and Others.By Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).Introduction
Global Electric Motorcycles & Scooters Market (USD Million), 2021 - 2031
In the year 2024, the Global Electric Motorcycles & Scooters Market was valued at USD 6,827.76 million. The size of this market is expected to increase to USD 9,736.18 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.2%.
The rise of air pollution, expensive fuel, and dwindling oil reserves have fueled the demand for electric two-wheelers in recent years. These zero-emission vehicles offer an attractive alternative to traditional gasoline scooters and motorcycles.
However, the key to an electric two-wheeler's performance and affordability lies in its battery. Lead-acid batteries, previously the norm, are being replaced by more advanced lithium-ion technology. This shift, along with government incentives in regions like India, is propelling the electric two-wheeler market forward, particularly in Asia Pacific. Here, companies like Hero Electric and Okinawa are leading the charge with feature-rich electric scooters, while new regulations and technological advancements promise continued growth.
Global Electric Motorcycles & Scooters Market Recent Developments
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November 2022: Honda Motor Co. unveiled EM1 electric scooter. Honda Power Pack powers the scooter. The scooter can run up to 40 km. on a single full charge and will be launched in Europe in early 2023. This scooter marks foray of Honda into the European electric two-wheeler market.
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November 2022: Italian electric motorcycle manufacturer Energica Motor Company SpA. unveiled its 2023 lineup consisting of updated versions of Energica Experia, Energica Ego, and Energica EssEss9 at EICMA 2022.
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October 2022: Hero MotoCorp., the world's largest two-wheeler manufacturer, announced its entry into electric two-wheelers by unveiling its dedicated electric two-wheeler brand Vida and launching its first electric scooter Hero Vida 1. The scooter comes in two variants V1 Plus and V1 Pro. The company also launched Vida Services.
Segment Analysis
The electric motorcycle and scooter market is on a fast track, fueled by environmental concerns and rising fuel costs. Consumers are increasingly drawn to these zero-emission vehicles, and governments are adding to the momentum with subsidies and tax breaks that make them more affordable. Advancements in battery technology are another key driver, offering greater range and shorter charging times, reducing a major hurdle for potential buyers. This translates to cleaner air, less reliance on fossil fuels, and a more sustainable transportation future.
Despite this positive outlook, there are challenges. The initial cost of electric motorcycles and scooters can be higher than gasoline-powered options. Additionally, the availability of charging infrastructure varies greatly by region, potentially hindering wider adoption. However, exciting opportunities exist. Battery swapping technology holds promise, allowing for quick swaps of depleted batteries for fully charged ones. Furthermore, ongoing investments in charging infrastructure by governments and private companies will make electric two-wheelers even more convenient. Finally, the market is expected to boom in developing countries like India and China, driven by rising incomes, increasing urbanization, and government incentives.
Global Electric Motorcycles & Scooters Segment Analysis
In this report, the Global Electric Motorcycles & Scooters Market has been segmented by Product, Battery, Voltage and Geography.
The first layer of segmentation focuses on the product itself, dividing the market between electric motorcycles and electric scooters. Each caters to distinct needs and offers different performance characteristics.
Following this, battery technology is a crucial segmentation factor. Lithium-ion batteries are increasingly favored due to their superior range and efficiency compared to older lead-acid options. Voltage ratings also play a role, impacting factors like speed and power output.
Finally, the geographic segmentation delves into market performance across different regions. This highlights areas with strong growth potential, often influenced by factors like government regulations, infrastructure development, and consumer buying power.
Global Electric Motorcycles & Scooters Market, Segmentation by Product
The Global Electric Motorcycles & Scooters Market has been segmented by Product into Electric Motorcycles and Electric Scooters.
Electric motorcycles offer a familiar riding experience to traditional motorcycles, often with higher speeds and power outputs. They cater to riders who might prioritize performance and longer journeys.
Electric scooters, on the other hand, are known for their compact size, maneuverability, and ease of use. They're often favored for shorter commutes and navigating urban environments due to their agility and practicality. This segmentation helps manufacturers and analysts understand which product type resonates better with specific consumer demographics and usage scenarios.
Global Electric Motorcycles & Scooters Market, Segmentation by Battery
The Global Electric Motorcycles & Scooters Market has been segmented by Battery into SLA and Li-ion.
SLA batteries were historically the more common option. They are relatively inexpensive but offer shorter range and require more frequent replacements. As technology has advanced, Li-ion batteries have become increasingly popular. These boast significantly longer range, faster charging times, and a longer lifespan, making them a more attractive choice for both manufacturers and consumers. However, Li-ion batteries typically come at a higher initial cost point. This segmentation allows manufacturers to cater to different price points and performance expectations within the electric two-wheeler market.
Global Electric Motorcycles & Scooters Market, Segmentation by Voltage
The Global Electric Motorcycles & Scooters Market has been segmented by Voltage into 24V, 36V, 48V and Others.
Lower voltage options, like 24V and 36V, are typically found in electric scooters designed for short-distance commuting within urban areas. They offer a balance between affordability and practicality, ideal for everyday errands and navigating city streets.
Meanwhile, higher voltage segments like 48V and above cater to electric motorcycles and performance-oriented scooters. These options provide increased power and speed, making them suitable for longer journeys or riders seeking a more dynamic riding experience. This voltage segmentation allows manufacturers to cater to diverse consumer needs and riding preferences within the electric two-wheeler market.
Global Electric Motorcycles & Scooters Market, Segmentation by Geography
In this report, the Global Electric Motorcycles & Scooters Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Electric Motorcycles & Scooters Market Share (%), by Geographical Region, 2024
To gain a comprehensive picture of the global electric motorcycle and scooter market, the report delves into a geographical segmentation encompassing five distinct regions: North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. This segmentation highlights the unique market dynamics at play in each area.
Regions like Asia Pacific, driven by factors like rising disposable income, growing urban populations, and government incentives, are expected to witness significant growth in the electric two-wheeler market. In contrast, established markets like North America and Europe might see a more measured adoption due to existing infrastructure and established regulations. However, these regions are still expected to be key players with strong growth potential. This geographical segmentation allows for targeted strategies and insights into the specific opportunities and challenges within each market.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Electric Motorcycles & Scooters Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers :
- Environmental Concerns
- Government Incentives
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Advancements in Battery Technology - The electric motorcycle and scooter market is heavily influenced by advancements in battery technology. Previously, lead-acid batteries limited range and charging times, hindering wider adoption. However, the rise of lithium-ion (Li-ion) batteries has been a game-changer.
Li-ion batteries offer a significant leap in performance. They boast superior energy density, translating to longer range on a single charge. Additionally, Li-ion batteries typically recharge much faster than their lead-acid counterparts, reducing downtime and increasing convenience for riders. These advancements in battery technology are addressing key concerns for potential buyers, making electric motorcycles and scooters a more viable and attractive option for everyday transportation.
Restraints :
- High Initial Cost
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Limited Charging Infrastructure -The global electric motorcycles and scooters market is experiencing significant growth, fueled by various factors such as increasing environmental awareness, government incentives for electric vehicle adoption, and advancements in battery technology. However, the expansion of this market is somewhat constrained by the limited availability of charging infrastructure, particularly in certain regions. The inadequate charging infrastructure poses a challenge for widespread adoption of electric motorcycles and scooters, as consumers may be deterred by concerns about range anxiety and the inconvenience of finding charging stations. Addressing this infrastructure gap will be crucial for unlocking the full potential of the electric motorcycle and scooter market and facilitating their widespread adoption on a global scale.
Opportunities :
- Battery Swapping Technology
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Investment in Charging Infrastructure - The global electric motorcycles and scooters market is experiencing robust growth, fueled by increasing consumer demand for eco-friendly transportation solutions. Factors such as rising concerns about environmental pollution, coupled with government incentives promoting electric vehicle adoption, are driving this growth trajectory. Moreover, technological advancements in battery technology and the development of more efficient electric drivetrains are enhancing the appeal of electric motorcycles and scooters to a broader audience.
To support this burgeoning market, significant investments are being made in charging infrastructure worldwide. Governments, private companies, and even communities are recognizing the need for a robust charging network to alleviate range anxiety and encourage the widespread adoption of electric two-wheelers. This investment in charging infrastructure is crucial for the sustained growth of the electric motorcycle and scooter market, ensuring convenient and accessible charging options for users across various regions.
Competitive Landscape Analysis
Key players in Global Electric Motorcycles & Scooters Market include
- AIMA Technology Group Co., Ltd
- Ampere Vehicles Pvt Ltd
- BMW
- CAKE 0 Emission AB
- Energica Motor Company S.p.A
- Govecs Group
- Harley Davidson
- Hero Eco Vehicles Pvt Ltd
- KTM AG
- Lightning Motorcycles
- Mahindra GenZe
- Shandong Incalcu Electric Vehicle Co. Ltd
- SUNRA
- Tailing Electric Vehicle Co. Ltd
- Terra Motors Corporation
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product
- Market Snapshot, By Battery
- Market Snapshot, By Voltage
- Market Snapshot, By Region
- Global Electric Motorcycles & Scooters Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Environmental Concerns
- Government Incentives
- Advancements in Battery Technology
- Restraints
- High Initial Cost
- Limited Charging Infrastructure
- Opportunities
- Battery Swapping Technology
- Investment in Charging Infrastructure
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
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Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Electric Motorcycles & Scooters Market, By Product, 2021 - 2031 (USD Million)
- Electric Motorcycles
- Electric Scooters
- Global Electric Motorcycles & Scooters Market, By Battery, 2021 - 2031 (USD Million)
- SLA
- Li-ion
- Global Electric Motorcycles & Scooters Market, By Voltage, 2021 - 2031 (USD Million)
- 24V
- 36V
- 48V
- Others
- Global Electric Motorcycles & Scooters Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Electric Motorcycles & Scooters Market, By Product, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- AIMA Technology Group Co., Ltd
- Ampere Vehicles Pvt Ltd
- BMW
- CAKE 0 Emission AB
- Energica Motor Company S.p.A
- Govecs Group
- Harley Davidson
- Hero Eco Vehicles Pvt Ltd
- KTM AG
- Lightning Motorcycles
- Mahindra GenZe
- Shandong Incalcu Electric Vehicle Co. Ltd
- SUNRA
- Tailing Electric Vehicle Co. Ltd
- Terra Motors Corporation
- Company Profiles
- Analyst Views
- Future Outlook of the Market