Electric Motorcycle and Scooter Market Size, Trends and Insights By Technology (Battery Electric Vehicles (BEVs), Plug-in Hybrid Electric Vehicles (PHEVs)), By Battery Type (Lithium-ion (Li-ion), Lead-acid), By Voltage (Low Voltage (48V-72V), High Voltage (above 72V)), By Range (Short Range (Below 50 miles), Medium Range (50-100 miles), Long Range (Above 100 miles)), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Zero Motorcycles Inc.
- Energica Motor Company S.p.A.
- NIU Technologies
- Yadea Group
- Vmoto Limited
- Others
Reports Description
As per the current market research conducted by CMI Team, the global Electric Motorcycle and Scooter Market is expected to record a CAGR of 7.5% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 34.5 Billion. By 2033, the valuation is anticipated to reach USD 66.2 Billion.
Electric Two/Three-Wheeler Sales in 2021
| China | 49% |
| Europe | 5% |
| North America | 1% |
| India | 2% |
| Developing Asia | 2% |
| Latin America | 1% |
| Viet Nam | 8% |
| Rest of World | 32% |
Source: According to iea.org
The Electric Motorcycle and Scooter market comprises a dynamic sector within the broader electric mobility landscape. It involves the production and sale of two-wheeled electric vehicles, ranging from motorcycles to scooters.
Driven by a surge in environmental consciousness, advancements in battery technology, and supportive government policies, the EMS market caters to consumers seeking sustainable and cost-efficient transportation solutions.
Key players focus on innovations such as smart connectivity, battery-swapping technologies, and design enhancements. The market continues to grow as urbanization, traffic congestion, and a global shift towards cleaner transportation drive the adoption of electric motorcycles and scooters.
Electric Motorcycle and Scooter Market – Significant Growth Factors
The Electric Motorcycle and Scooter Market presents significant growth opportunities due to several factors:
- Environmental Consciousness: Growing awareness and concern for the environment drive the demand for electric motorcycles and scooters, as they offer a cleaner and greener alternative to traditional combustion-engine vehicles.
- Advancements in Battery Technology: Ongoing developments in battery technology, particularly lithium-ion batteries, contribute to increased energy density, longer ranges, and shorter charging times, enhancing the overall performance and appeal of electric two-wheelers.
- Government Incentives and Policies: Supportive government policies, subsidies, and incentives for electric vehicles encourage consumers to choose electric motorcycles and scooters, promoting a sustainable and eco-friendly mode of transportation.
- Urbanization and Traffic Congestion: The rise of urbanization and increasing traffic congestion in cities drive the demand for compact and agile electric scooters, providing an efficient and practical solution for navigating through crowded urban environments.
- Expansion of Charging Infrastructure: Opportunities lie in the development and expansion of charging infrastructure, addressing range anxiety concerns and making electric motorcycles and scooters more accessible and convenient for consumers.
- Technological Innovations and Connectivity: The integration of advanced technologies, such as smart features, navigation systems, and connectivity options, presents an opportunity to enhance the overall user experience, attracting tech-savvy consumers and differentiating products in the market.
Electric Motorcycle and Scooter Market – Mergers and Acquisitions
The Electric Motorcycle and Scooter Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the Electric Motorcycle and Scooter Market include:
- In 2023, Yadea Group introduced the Yadea Keeness VFD at the Consumer Electronics Show (CES) in Las Vegas. This electric model features a 10KW mid-mounted high-performance motor, reaching a maximum speed of 100km/h and accelerating from 0-50km/h in an impressive 4 seconds.
- In 2023, Yamaha’s investment in Swapping Battery Network aims to establish a robust battery-swapping infrastructure across Europe for its upcoming electric scooters. This strategic move is poised to enhance the charging ecosystem and contribute significantly to driving the electric scooter market in the region.
- In 2022, NIU International unveils the KQi3 Max kick scooter, featuring a top speed of 20 MPH and an impressive 40.4-mile range. This latest offering emphasizes superior performance, comfort, and stability, positioning it as a notable addition to the electric scooter market.
These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the Electric Motorcycle and Scooter Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.
COMPARATIVE ANALYSIS OF THE RELATED MARKET
| Electric Motorcycle and Scooter Market | India Electric Vehicle Market | India Automotive Market |
| CAGR 7.5% (Approx) | CAGR 25.1% (Approx) | CAGR 7.13% (Approx) |
| USD 66.2 Billion by 2033 | USD 150.2 Billion by 2032 | USD 247.4 Billion by 2032 |
Electric Motorcycle and Scooter Market – Significant Threats
The Electric Motorcycle and Scooter Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:
- Charging Infrastructure Limitations: Inadequate charging infrastructure poses a significant threat to the widespread adoption of electric motorcycles and scooters. Limited availability of charging stations may lead to range anxiety among consumers, hindering market growth.
- High Initial Purchase Costs: The relatively high upfront costs of electric motorcycles and scooters compared to traditional gasoline-powered counterparts can be a deterrent for cost-conscious consumers, posing a threat to broader market penetration.
- Competition from Traditional Vehicles: Traditional internal combustion engine vehicles, especially in regions with well-established gasoline infrastructure, remain a significant threat. Consumer reluctance to shift from conventional motorcycles and scooters may impede the growth of the electric segment.
- Technological Obsolescence: Rapid advancements in electric vehicle technology may lead to concerns about the potential obsolescence of early adopters’ vehicles. Consumers may hesitate to invest in electric motorcycles and scooters if they anticipate quick technological advancements rendering their purchases outdated.
- Battery Supply Chain Challenges: Dependency on lithium-ion batteries and potential supply chain disruptions, such as shortages of critical materials, can impact the production and availability of electric motorcycles and scooters, posing a threat to the market’s stability and growth.
Category-Wise Insights:
By Technology
- Battery Electric Vehicles (BEVs): BEVs are electric motorcycles and scooters powered solely by batteries, producing zero emissions. The trend in the EMS market for BEVs involves continuous advancements in battery technology, enhancing range, and reducing charging times to address consumer concerns about range anxiety and make electric two-wheelers more practical for daily use.
- Plug-in Hybrid Electric Vehicles (PHEVs): PHEVs combine an electric motor with an internal combustion engine. In the EMS market, PHEVs offer versatility, allowing users to switch between electric and gasoline power. The trend includes innovations in hybrid systems, optimizing fuel efficiency, and providing users with options for longer rides, contributing to market growth.
By Battery Type
- Lithium-ion (Li-ion): Lithium-ion batteries, known for high energy density, light weight, and longer life, dominate the EMS market. Trends include ongoing improvements in energy density, enhanced safety features, and cost reductions. Li-ion batteries contribute to extended ranges and quicker charging times, driving the adoption of electric motorcycles and scooters.
- Lead-acid: Lead-acid batteries, though less common in modern EMS, offer affordability. Trends involve a shift towards Li-ion due to weight and performance advantages. Lead-acid batteries remain relevant in specific applications, emphasizing cost-effectiveness over advanced features, appealing to budget-conscious segments of the electric two-wheeler market.
By Voltage
- Low Voltage (48V-72V): Low Voltage electric motorcycles and scooters typically operate within the 48V-72V range. Popular for urban commuting, they offer compact designs and lower power requirements. Trends include increased adoption for short-distance travel and entry-level models, catering to budget-conscious consumers and meeting urban mobility needs.
- High Voltage (Above 72V): High Voltage electric motorcycles and scooters operate above 72V, delivering higher power and performance. Trending in the market are premium models with extended ranges, targeting enthusiasts and commuters seeking top-tier options. Advancements focus on elevated speeds, long-range capabilities, and enhanced overall performance.
By Range
- Short Range (Below 50 miles): Short-range electric motorcycles and scooters, with a range below 50 miles, cater to urban commuters with brief daily travel needs. Trend-wise, manufacturers focus on lightweight and compact designs, targeting city dwellers seeking cost-effective and agile transportation solutions, emphasizing ease of use and maneuverability.
- Medium Range (50-100 miles): Medium-range electric motorcycles and scooters, with a range between 50-100 miles, appeal to users seeking a balance between urban commuting and longer-distance travel. The trend involves incorporating efficient battery technology, enhancing overall performance, and addressing the needs of diverse consumers with varying travel requirements.
- Long Range (Above 100 miles): Long-range electric motorcycles and scooters, exceeding 100 miles, target users demanding extended travel capabilities for daily commuting or recreational purposes. Trends in this segment include advancements in battery technology, higher voltage systems, and the integration of smart features to enhance user experience, emphasizing endurance and versatility.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 34.5 Billion |
| Projected Market Size in 2033 | USD 66.2 Billion |
| Market Size in 2023 | USD 32.1 Billion |
| CAGR Growth Rate | 7.5% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Technology, Battery Type, Voltage, Range and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Electric Motorcycle and Scooter Market – Regional Analysis
The Electric Motorcycle and Scooter (EMS) Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:
- North America: In North America, the Electric Motorcycle and Scooter market trends focus on increased government support and incentives, fostering a shift towards electric mobility. Growing environmental awareness and a desire for sustainable transportation drive innovation, with companies emphasizing smart features and robust charging infrastructure to cater to tech-savvy consumers.
- Europe: Europe’s EMS market trends are marked by a strong emphasis on environmental sustainability and urban mobility. With stringent emission regulations, manufacturers are investing in cutting-edge battery technology and lightweight designs. The European market witnesses a surge in electric scooter-sharing programs, promoting eco-friendly transportation options in crowded urban areas.
- Asia-Pacific: The Asia-Pacific region leads the global EMS market, driven by the adoption of electric two-wheelers in densely populated urban centers. In this dynamic market, trends include the development of affordable entry-level models to cater to a broad consumer base. Additionally, partnerships with ride-sharing platforms and advancements in battery technology contribute to the region’s significant market share.
- Latin America, Middle East, and Africa (LAMEA): In LAMEA, the EMS market is characterized by a gradual but steady adoption of electric motorcycles and scooters. Government initiatives and increasing awareness of environmental issues drive growth. Market trends involve manufacturers focusing on versatile and durable designs suitable for various terrains, addressing the unique transportation needs of diverse regions within LAMEA.
Competitive Landscape – Electric Motorcycle and Scooter Market
The Electric Motorcycle and Scooter Market is highly competitive, with a large number of manufacturers and retailers operating globally. Some of the key players in the market include:
- Zero Motorcycles Inc.
- Energica Motor Company S.p.A.
- NIU Technologies
- Yadea Group
- Vmoto Limited
- Ather Energy
- Gogoro Inc.
- Revolt Motors
- Ola Electric
- Super Soco (CUx)
- Evoke Motorcycles
- Lightning Motorcycle Corporation
- Horwin Europe
- Arcimoto Inc.
- Askoll EVA Srl
- Others
These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships.
New players entering the Electric Motorcycle and Scooter market with a focus on innovation include startups like Damon Motors, known for its advanced safety features, and SONDORS, emphasizing affordability and performance.
However, key established players dominate the market, such as Zero Motorcycles, NIU Technologies, and Ola Electric. These companies lead through innovations like cutting-edge battery technology, smart connectivity, and strategic partnerships.
Their market dominance is attributed to a combination of technological expertise, brand reputation, and a proactive approach in addressing evolving consumer demands, solidifying their positions in the rapidly growing EMS industry.
The Electric Motorcycle and Scooter Market is segmented as follows:
By Technology
- Battery Electric Vehicles (BEVs)
- Plug-in Hybrid Electric Vehicles (PHEVs)
By Battery Type
- Lithium-ion (Li-ion)
- Lead-acid
By Voltage
- Low Voltage (48V-72V)
- High Voltage (above 72V)
By Range
- Short Range (Below 50 miles)
- Medium Range (50-100 miles)
- Long Range (Above 100 miles)
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Electric Motorcycle and Scooter Market, (2024 – 2033) (USD Billion)
- 2.2 Global Electric Motorcycle and Scooter Market: snapshot
- Chapter 3. Global Electric Motorcycle and Scooter Market – Industry Analysis
- 3.1 Electric Motorcycle and Scooter Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Environmental Consciousness
- 3.2.2 Advancements in Battery Technology
- 3.2.3 Government Incentives and Policies
- 3.2.4 Urbanization and Traffic Congestion
- 3.2.5 Expansion of Charging Infrastructure
- 3.2.6 Technological Innovations and Connectivity.
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Technology
- 3.7.2 Market Attractiveness Analysis By Battery Type
- 3.7.3 Market Attractiveness Analysis By Voltage
- 3.7.4 Market Attractiveness Analysis By Range
- Chapter 4. Global Electric Motorcycle and Scooter Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Electric Motorcycle and Scooter Market: Company Market Share, 2024
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Electric Motorcycle and Scooter Market – Technology Analysis
- 5.1 Global Electric Motorcycle and Scooter Market Overview: By Technology
- 5.1.1 Global Electric Motorcycle and Scooter Market Share, By Technology, 2024 and – 2033
- 5.2 Battery Electric Vehicles (BEVs)
- 5.2.1 Global Electric Motorcycle and Scooter Market by Battery Electric Vehicles (BEVs), 2024 – 2033 (USD Billion)
- 5.3 Plug-in Hybrid Electric Vehicles (PHEVs)
- 5.3.1 Global Electric Motorcycle and Scooter Market by Plug-in Hybrid Electric Vehicles (PHEVs), 2024 – 2033 (USD Billion)
- 5.1 Global Electric Motorcycle and Scooter Market Overview: By Technology
- Chapter 6. Global Electric Motorcycle and Scooter Market – Battery Type Analysis
- 6.1 Global Electric Motorcycle and Scooter Market Overview: By Battery Type
- 6.1.1 Global Electric Motorcycle and Scooter Market Share, By Battery Type, 2024 and – 2033
- 6.2 Lithium-ion (Li-ion)
- 6.2.1 Global Electric Motorcycle and Scooter Market by Lithium-ion (Li-ion), 2024 – 2033 (USD Billion)
- 6.3 Lead-acid
- 6.3.1 Global Electric Motorcycle and Scooter Market by Lead-acid, 2024 – 2033 (USD Billion)
- 6.1 Global Electric Motorcycle and Scooter Market Overview: By Battery Type
- Chapter 7. Global Electric Motorcycle and Scooter Market – Voltage Analysis
- 7.1 Global Electric Motorcycle and Scooter Market Overview: By Voltage
- 7.1.1 Global Electric Motorcycle and Scooter Market Share, By Voltage, 2024 and – 2033
- 7.2 Low Voltage (48V-72V)
- 7.2.1 Global Electric Motorcycle and Scooter Market by Low Voltage (48V-72V), 2024 – 2033 (USD Billion)
- 7.3 High Voltage (above 72V)
- 7.3.1 Global Electric Motorcycle and Scooter Market by High Voltage (above 72V), 2024 – 2033 (USD Billion)
- 7.1 Global Electric Motorcycle and Scooter Market Overview: By Voltage
- Chapter 8. Global Electric Motorcycle and Scooter Market – Range Analysis
- 8.1 Global Electric Motorcycle and Scooter Market Overview: By Range
- 8.1.1 Global Electric Motorcycle and Scooter Market Share, By Range, 2024 and – 2033
- 8.2 Short Range (Below 50 miles)
- 8.2.1 Global Electric Motorcycle and Scooter Market by Short Range (Below 50 miles), 2024 – 2033 (USD Billion)
- 8.3 Medium Range (50-100 miles)
- 8.3.1 Global Electric Motorcycle and Scooter Market by Medium Range (50-100 miles), 2024 – 2033 (USD Billion)
- 8.4 Long Range (Above 100 miles)
- 8.4.1 Global Electric Motorcycle and Scooter Market by Long Range (Above 100 miles), 2024 – 2033 (USD Billion)
- 8.1 Global Electric Motorcycle and Scooter Market Overview: By Range
- Chapter 9. Electric Motorcycle and Scooters Market – Regional Analysis
- 9.1 Global Electric Motorcycle and Scooters Market Regional Overview
- 9.2 Global Electric Motorcycle and Scooters Market Share, by Region, 2024 & – 2033 (USD Billion)
- 9.3. North America
- 9.3.1 North America Electric Motorcycle and Scooters Market, 2024 – 2033 (USD Billion)
- 9.3.1.1 North America Electric Motorcycle and Scooters Market, by Country, 2024 – 2033 (USD Billion)
- 9.3.1 North America Electric Motorcycle and Scooters Market, 2024 – 2033 (USD Billion)
- 9.4 North America Electric Motorcycle and Scooters Market, by Technology, 2024 – 2033
- 9.4.1 North America Electric Motorcycle and Scooters Market, by Technology, 2024 – 2033 (USD Billion)
- 9.5 North America Electric Motorcycle and Scooters Market, by Battery Type, 2024 – 2033
- 9.5.1 North America Electric Motorcycle and Scooters Market, by Battery Type, 2024 – 2033 (USD Billion)
- 9.6 North America Electric Motorcycle and Scooters Market, by Voltage, 2024 – 2033
- 9.6.1 North America Electric Motorcycle and Scooters Market, by Voltage, 2024 – 2033 (USD Billion)
- 9.7 North America Electric Motorcycle and Scooters Market, by Range, 2024 – 2033
- 9.7.1 North America Electric Motorcycle and Scooters Market, by Range, 2024 – 2033 (USD Billion)
- 9.8. Europe
- 9.8.1 Europe Electric Motorcycle and Scooters Market, 2024 – 2033 (USD Billion)
- 9.8.1.1 Europe Electric Motorcycle and Scooters Market, by Country, 2024 – 2033 (USD Billion)
- 9.8.1 Europe Electric Motorcycle and Scooters Market, 2024 – 2033 (USD Billion)
- 9.9 Europe Electric Motorcycle and Scooters Market, by Technology, 2024 – 2033
- 9.9.1 Europe Electric Motorcycle and Scooters Market, by Technology, 2024 – 2033 (USD Billion)
- 9.10 Europe Electric Motorcycle and Scooters Market, by Battery Type, 2024 – 2033
- 9.10.1 Europe Electric Motorcycle and Scooters Market, by Battery Type, 2024 – 2033 (USD Billion)
- 9.11 Europe Electric Motorcycle and Scooters Market, by Voltage, 2024 – 2033
- 9.11.1 Europe Electric Motorcycle and Scooters Market, by Voltage, 2024 – 2033 (USD Billion)
- 9.12 Europe Electric Motorcycle and Scooters Market, by Range, 2024 – 2033
- 9.12.1 Europe Electric Motorcycle and Scooters Market, by Range, 2024 – 2033 (USD Billion)
- 9.13. Asia Pacific
- 9.13.1 Asia Pacific Electric Motorcycle and Scooters Market, 2024 – 2033 (USD Billion)
- 9.13.1.1 Asia Pacific Electric Motorcycle and Scooters Market, by Country, 2024 – 2033 (USD Billion)
- 9.13.1 Asia Pacific Electric Motorcycle and Scooters Market, 2024 – 2033 (USD Billion)
- 9.14 Asia Pacific Electric Motorcycle and Scooters Market, by Technology, 2024 – 2033
- 9.14.1 Asia Pacific Electric Motorcycle and Scooters Market, by Technology, 2024 – 2033 (USD Billion)
- 9.15 Asia Pacific Electric Motorcycle and Scooters Market, by Battery Type, 2024 – 2033
- 9.15.1 Asia Pacific Electric Motorcycle and Scooters Market, by Battery Type, 2024 – 2033 (USD Billion)
- 9.16 Asia Pacific Electric Motorcycle and Scooters Market, by Voltage, 2024 – 2033
- 9.16.1 Asia Pacific Electric Motorcycle and Scooters Market, by Voltage, 2024 – 2033 (USD Billion)
- 9.17 Asia Pacific Electric Motorcycle and Scooters Market, by Range, 2024 – 2033
- 9.17.1 Asia Pacific Electric Motorcycle and Scooters Market, by Range, 2024 – 2033 (USD Billion)
- 9.18. Latin America
- 9.18.1 Latin America Electric Motorcycle and Scooters Market, 2024 – 2033 (USD Billion)
- 9.18.1.1 Latin America Electric Motorcycle and Scooters Market, by Country, 2024 – 2033 (USD Billion)
- 9.18.1 Latin America Electric Motorcycle and Scooters Market, 2024 – 2033 (USD Billion)
- 9.19 Latin America Electric Motorcycle and Scooters Market, by Technology, 2024 – 2033
- 9.19.1 Latin America Electric Motorcycle and Scooters Market, by Technology, 2024 – 2033 (USD Billion)
- 9.20 Latin America Electric Motorcycle and Scooters Market, by Battery Type, 2024 – 2033
- 9.20.1 Latin America Electric Motorcycle and Scooters Market, by Battery Type, 2024 – 2033 (USD Billion)
- 9.21 Latin America Electric Motorcycle and Scooters Market, by Voltage, 2024 – 2033
- 9.21.1 Latin America Electric Motorcycle and Scooters Market, by Voltage, 2024 – 2033 (USD Billion)
- 9.22 Latin America Electric Motorcycle and Scooters Market, by Range, 2024 – 2033
- 9.22.1 Latin America Electric Motorcycle and Scooters Market, by Range, 2024 – 2033 (USD Billion)
- 9.23. The Middle-East and Africa
- 9.23.1 The Middle-East and Africa Electric Motorcycle and Scooters Market, 2024 – 2033 (USD Billion)
- 9.23.1.1 The Middle-East and Africa Electric Motorcycle and Scooters Market, by Country, 2024 – 2033 (USD Billion)
- 9.23.1 The Middle-East and Africa Electric Motorcycle and Scooters Market, 2024 – 2033 (USD Billion)
- 9.24 The Middle-East and Africa Electric Motorcycle and Scooters Market, by Technology, 2024 – 2033
- 9.24.1 The Middle-East and Africa Electric Motorcycle and Scooters Market, by Technology, 2024 – 2033 (USD Billion)
- 9.25 The Middle-East and Africa Electric Motorcycle and Scooters Market, by Battery Type, 2024 – 2033
- 9.25.1 The Middle-East and Africa Electric Motorcycle and Scooters Market, by Battery Type, 2024 – 2033 (USD Billion)
- 9.26 The Middle-East and Africa Electric Motorcycle and Scooters Market, by Voltage, 2024 – 2033
- 9.26.1 The Middle-East and Africa Electric Motorcycle and Scooters Market, by Voltage, 2024 – 2033 (USD Billion)
- 9.27 The Middle-East and Africa Electric Motorcycle and Scooters Market, by Range, 2024 – 2033
- 9.27.1 The Middle-East and Africa Electric Motorcycle and Scooters Market, by Range, 2024 – 2033 (USD Billion)
- Chapter 10. Company Profiles
- 10.1 Zero Motorcycles Inc.
- 10.1.1 Overview
- 10.1.2 Financials
- 10.1.3 Product Portfolio
- 10.1.4 Business Strategy
- 10.1.5 Recent Developments
- 10.2 Energica Motor Company S.p.A.
- 10.2.1 Overview
- 10.2.2 Financials
- 10.2.3 Product Portfolio
- 10.2.4 Business Strategy
- 10.2.5 Recent Developments
- 10.3 NIU Technologies
- 10.3.1 Overview
- 10.3.2 Financials
- 10.3.3 Product Portfolio
- 10.3.4 Business Strategy
- 10.3.5 Recent Developments
- 10.4 Yadea Group
- 10.4.1 Overview
- 10.4.2 Financials
- 10.4.3 Product Portfolio
- 10.4.4 Business Strategy
- 10.4.5 Recent Developments
- 10.5 Vmoto Limited
- 10.5.1 Overview
- 10.5.2 Financials
- 10.5.3 Product Portfolio
- 10.5.4 Business Strategy
- 10.5.5 Recent Developments
- 10.6 Ather Energy
- 10.6.1 Overview
- 10.6.2 Financials
- 10.6.3 Product Portfolio
- 10.6.4 Business Strategy
- 10.6.5 Recent Developments
- 10.7 Gogoro Inc.
- 10.7.1 Overview
- 10.7.2 Financials
- 10.7.3 Product Portfolio
- 10.7.4 Business Strategy
- 10.7.5 Recent Developments
- 10.8 Revolt Motors
- 10.8.1 Overview
- 10.8.2 Financials
- 10.8.3 Product Portfolio
- 10.8.4 Business Strategy
- 10.8.5 Recent Developments
- 10.9 Ola Electric
- 10.9.1 Overview
- 10.9.2 Financials
- 10.9.3 Product Portfolio
- 10.9.4 Business Strategy
- 10.9.5 Recent Developments
- 10.10 Super Soco (CUx)
- 10.10.1 Overview
- 10.10.2 Financials
- 10.10.3 Product Portfolio
- 10.10.4 Business Strategy
- 10.10.5 Recent Developments
- 10.11 Evoke Motorcycles
- 10.11.1 Overview
- 10.11.2 Financials
- 10.11.3 Product Portfolio
- 10.11.4 Business Strategy
- 10.11.5 Recent Developments
- 10.12 Lightning Motorcycle Corporation
- 10.12.1 Overview
- 10.12.2 Financials
- 10.12.3 Product Portfolio
- 10.12.4 Business Strategy
- 10.12.5 Recent Developments
- 10.13 Horwin Europe
- 10.13.1 Overview
- 10.13.2 Financials
- 10.13.3 Product Portfolio
- 10.13.4 Business Strategy
- 10.13.5 Recent Developments
- 10.14 Arcimoto Inc.
- 10.14.1 Overview
- 10.14.2 Financials
- 10.14.3 Product Portfolio
- 10.14.4 Business Strategy
- 10.14.5 Recent Developments
- 10.15 Askoll EVA Srl
- 10.15.1 Overview
- 10.15.2 Financials
- 10.15.3 Product Portfolio
- 10.15.4 Business Strategy
- 10.15.5 Recent Developments
- 10.16 Others.
- 10.16.1 Overview
- 10.16.2 Financials
- 10.16.3 Product Portfolio
- 10.16.4 Business Strategy
- 10.16.5 Recent Developments
- 10.1 Zero Motorcycles Inc.
List Of Figures
Figures No 1 to 27
List Of Tables
Tables No 1 to 102
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2032
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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FAQs
The key factors driving the Market are Environmental Consciousness, Advancements in Battery Technology, Government Incentives and Policies, Urbanization and Traffic Congestion, Expansion of Charging Infrastructure, Technological Innovations and Connectivity.
The “Battery Electric Vehicles (BEVs)” category dominated the market in 2023.
The key players in the market are Zero Motorcycles Inc., Energica Motor Company S.p.A., NIU Technologies, Yadea Group, Vmoto Limited, Ather Energy, Gogoro Inc., Revolt Motors, Ola Electric, Super Soco (CUx), Evoke Motorcycles, Lightning Motorcycle Corporation, Horwin Europe, Arcimoto Inc., Askoll EVA Srl, Others.
“Asia-Pacific” had the largest share in the Electric Motorcycle and Scooter (EMS) Market.
The global market is projected to grow at a CAGR of 7.5% during the forecast period, 2024-2033.
The Electric Motorcycle and Scooter (EMS) Market size was valued at USD 34.5 Billion in 2024.