Electric Scooter and Motorcycle Market Outlook

The global electric scooter and motorcycle market size reached approximately 1,697.67 thousand units in 2024 and is projected to grow at a robust compound annual growth rate (CAGR) of 35% from 2025 to 2034. This growth is expected to bring the market to a volume of around 25,285.23 thousand units by 2034. Increasing environmental concerns, government incentives, and technological advancements are driving the adoption of electric two-wheelers globally. The shift from traditional petrol-powered scooters and motorcycles to electric alternatives is fostering a surge in demand for eco-friendly, energy-efficient modes of transportation.

Electric Scooter and Motorcycle Market Trends

Several key trends are shaping the electric scooter and motorcycle market:

• Government Support and Regulations: Many governments worldwide are introducing policies and incentives to promote the use of electric vehicles (EVs), including electric scooters and motorcycles. These incentives often include subsidies, tax rebates, and exemptions from tolls or parking fees, encouraging consumers to switch to electric alternatives. Additionally, stricter emissions regulations are pushing the automotive industry towards more sustainable solutions.
• Technological Advancements in Battery Technology: The development of high-capacity and efficient lithium-ion (Li-ion) batteries is significantly enhancing the performance and range of electric scooters and motorcycles. As battery technology improves, the energy density, charging times, and overall lifespan of electric vehicles (EVs) are also increasing, making them more appealing to consumers.
• Rising Fuel Prices and Environmental Concerns: The growing awareness of environmental issues, combined with rising fuel prices, is driving consumers toward electric alternatives. Electric scooters and motorcycles offer a cost-effective, eco-friendly mode of transportation with lower operational and maintenance costs compared to traditional petrol-powered vehicles.
• Urbanization and Traffic Congestion: As urban areas expand and traffic congestion worsens, electric scooters and motorcycles offer an efficient, affordable, and convenient solution for city dwellers. They provide an easy way to navigate through crowded streets, reducing commuting times and offering an environmentally friendly alternative.
• Consumer Preferences for Sustainable Transportation: Millennials and Generation Z consumers, who are more environmentally conscious, are increasingly adopting electric scooters and motorcycles as their preferred mode of transportation. This demographic is also attracted to the low cost of ownership, ease of use, and innovative technology that electric vehicles offer.

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Electric Scooter and Motorcycle Market Growth

The global electric scooter and motorcycle market is poised for substantial growth due to several factors:

• Environmental and Economic Benefits: Electric scooters and motorcycles offer numerous benefits, including zero emissions, lower operating costs, and reduced dependence on fossil fuels. These advantages, combined with increasing government support and consumer demand for sustainable transportation, are propelling market growth.
• Rising Adoption of E-Mobility Solutions: As the world continues to transition toward greener mobility solutions, electric two-wheelers are emerging as a key part of the e-mobility revolution. The convenience of electric vehicles, especially for short commutes, and the growing availability of charging infrastructure are driving the adoption of electric scooters and motorcycles.
• Technological Improvements: Continuous improvements in battery technology, such as faster charging speeds, higher energy density, and longer battery life, are helping overcome some of the previous barriers to widespread electric scooter and motorcycle adoption. Innovations in smart features, such as GPS navigation, connected apps, and enhanced rider safety systems, are also enhancing the appeal of electric two-wheelers.
• Infrastructure Development: The expansion of charging infrastructure is essential for the growth of the electric scooter and motorcycle market. Governments, along with private sector players, are investing in the development of public charging stations, making it easier for consumers to charge their electric vehicles.

Electric Scooter and Motorcycle Market Segmentation

The global electric scooter and motorcycle market is segmented by product, battery type, technology, voltage, region, and key players. Understanding these segments provides valuable insights into the key drivers and opportunities in various markets and regions.

Breakup by Product

• Scooter: Electric scooters are becoming increasingly popular due to their compact design, ease of use, and suitability for short commutes, especially in urban areas. They are ideal for navigating through congested streets and are a cost-effective alternative to traditional vehicles.
• Motorcycle: Electric motorcycles are gaining traction due to their superior performance compared to scooters. They offer greater speed, longer range, and higher power, making them ideal for longer commutes and highway use. The rise in consumer demand for high-performance electric motorcycles is contributing to the market's expansion.

Breakup by Battery Type

• Sealed Lead Acid (SLA): SLA batteries are commonly used in low-cost electric scooters and motorcycles. They are affordable but have lower energy density and a shorter lifespan compared to other battery types.
• Li-ion (Lithium-ion): Li-ion batteries are the most popular choice for electric scooters and motorcycles due to their higher energy density, longer lifespan, and faster charging times. These batteries are more efficient and provide longer riding ranges, making them suitable for both scooters and motorcycles.
• Ni-MH (Nickel-Metal Hydride): Ni-MH batteries offer a middle ground between SLA and Li-ion in terms of energy density and cost. They are used in some mid-range electric two-wheelers but are gradually being replaced by Li-ion batteries due to their higher performance.

Breakup by Technology

• Plug-in: Plug-in electric scooters and motorcycles are charged through standard electrical outlets, making them convenient for users. These vehicles typically offer longer ranges and faster charging times, contributing to their growing popularity.
• Battery: Battery-powered electric scooters and motorcycles rely entirely on battery technology for power, offering an eco-friendly alternative to traditional fuel-powered vehicles. The growing adoption of lithium-ion batteries in these vehicles is driving the market.

Breakup by Voltage

• 36 V: 36 V electric scooters and motorcycles are typically lower-powered and are ideal for short-distance commuting. They are suitable for urban environments and are cost-effective for consumers looking for affordable electric two-wheelers.
• 48 V: 48 V electric scooters and motorcycles offer more power, longer range, and better performance compared to 36 V vehicles. They are gaining popularity in both the consumer and commercial sectors.
• 60 V: 60 V electric scooters and motorcycles provide high power and performance, making them suitable for long-distance travel and higher speeds. They are typically used for motorcycles that require superior power.
• Others: Other voltage configurations are also available, depending on the requirements of the vehicle and the region’s infrastructure. These vehicles are designed for specific market segments and performance needs.

Breakup by Region

• North America: North America, led by the United States and Canada, is one of the leading regions for electric scooter and motorcycle adoption. Government incentives, high disposable incomes, and increasing demand for sustainable transportation solutions are driving the market in this region.
• Europe: Europe is witnessing rapid growth in the electric scooter and motorcycle market, with several countries actively promoting the adoption of electric vehicles. Governments are offering various incentives, and the region has strong infrastructure support for electric vehicles, particularly in urban areas.
• Asia Pacific: Asia Pacific, including countries like China, Japan, India, and ASEAN, is the largest and fastest-growing market for electric scooters and motorcycles. China leads the global market, with significant investments in infrastructure, battery technology, and e-mobility solutions. India and ASEAN are also emerging as key markets due to increasing urbanisation, rising incomes, and a growing awareness of environmental issues.
• Latin America: Latin America, including Brazil, Argentina, and Mexico, is gradually adopting electric scooters and motorcycles. The increasing demand for affordable and eco-friendly transportation solutions is supporting the market growth in the region.
• Middle East and Africa: The Middle East and Africa are witnessing the early stages of electric scooter and motorcycle adoption. Governments are showing interest in electric mobility solutions, and increasing urbanisation is driving demand for affordable and sustainable transportation.

Electric Scooter and Motorcycle Market Key Players

• Yadea Technology Group Co., Ltd.: Yadea is a leading electric scooter manufacturer that offers a wide range of products, including high-performance electric scooters. The company is known for its innovation and commitment to producing sustainable transportation solutions.
• Bayerische Motoren Werke Aktiengesellschaft (BMW): BMW offers electric motorcycles under its brand, focusing on high-performance models. The company is expanding its electric vehicle portfolio to meet the growing demand for sustainable transportation.
• Terra Motors Corporation: Terra Motors manufactures electric scooters and motorcycles, focusing on offering eco-friendly, cost-effective transportation solutions for urban areas.
• Greaves Cotton Limited: Greaves Cotton produces electric two-wheelers under the brand Ampere, catering to the growing demand for affordable and sustainable transportation in India and other emerging markets.
• Energica Motor Company S.p.A.: Energica is an Italian electric motorcycle manufacturer known for producing high-performance electric motorcycles. The company is focusing on innovation and quality to capture a larger share of the global market.
• Zero Motorcycles, Inc.: Zero Motorcycles is a leader in the electric motorcycle industry, offering high-performance bikes for both recreational and commercial use. The company is focused on delivering innovative, long-range electric motorcycles.
• Others:

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