Electric Motorcycles & Scooters Market Rising at 10% CAGR to 2024: Analysis of Key Players, Trends, Drivers, & Challenges
Transportation News and Press release service

Home > Transportation News
  • Aerospace News
  • Air Services News
  • Airlines News
  • Auto Dealership
  • Auto Manufacturers
  • Auto Parts News
  • Railroad News
  • Shipping News

    Watch Transportation News Video


  • Electric Motorcycles & Scooters Market Rising at 10% CAGR to 2024: Analysis of Key Players, Trends, Drivers, & Challenges

     



    (Transportation-News.com, February 18, 2018 ) Considerable environmental benefits associated with these vehicles over gasoline-powered alternatives will be instrumental in driving the electric motorcycles & scooters market size. Increasing awareness of adopting e-mobility for shorter distances will reduce the COx and NOx emissions in the environment, supporting the e-vehicles industry. Lower maintenance requirements as well as superior quality and reliability initiatives have increased product popularity among consumers. These vehicles are vibration-free due to fewer moving parts as compared to traditional products, thus eliminating periodic servicing requirements.

    Electric Motorcycles & Scooters Market size is set to surpass USD 55 billion by 2024, according to a new research report, Global consumption is forecast to be over 60 million units by 2024.

    Request a sample copy of Electric Motorcycles & Scooters Market Research Report @ https://www.marketstudyreport.com/request-a-sample/289534/?utm_source=emw-SK

    Regulatory bodies across several countries have encouraged the adoption of eco-friendly vehicles by providing tax concessions. The technological focus lies on reducing battery costs by using solar energy, thus providing more efficient electric two-wheelers. Electric motorcycle & scooter market price trend varies due to high battery and motor costs, which has a direct impact on the price point. The batteries can be recharged from any external source of electricity and frequent charging is required as these vehicles have shorter driving range. The lack of the charging infrastructure will hinder electric motorcycles & scooters market growth.

    Sealed lead acid batteries were used initially due to their benefits such as robustness, tolerant to abuse, and low costs. Properties such as bulkiness and the likelihood of overheating due to charging are some of the disadvantages of lead acid batteries, which make them discharge quickly even without handling heavy loads.

    Electric motorcycles & scooters market includes both commercial and personal use cases. Logistics companies can use these products for their small delivery requirements. Food and beverage delivery sector is an attractive segment for this industry. The rental business also presents growth potential in the coming years.

    Electric scooters market size will be driven by convenience and easy mobility. They usually do not have insurance or driver's permit/license requirements as they have lower speed and power specifications. The urban population prefers these vehicles for quick, short mobility, and commonly favors them over bicycles.

    Enquire about this report @ https://www.marketstudyreport.com/enquiry-before-buying/289534/?utm_source=emw-SK

    China electric motorcycles & scooters market will remain the leading industry, with over 80% of the global shipments in 2015. Europe electric motorcycles & scooters market constituted over 15% of the global revenue in 2015, major companies include BMW, Energica Motor Company, and KTM. The European government is planning to increase EV sales to improve the air quality of the region. Twenty-seven EU countries have started imposing taxes on carbon dioxide emissions related to vehicles and 15 nations are providing tax incentives for e-vehicles.

    In May 2015, the EU started a project under the European Green Vehicle initiative co-founded by the European Commission related to electric two wheelers. EGVI is a public-private partnership delivering green vehicles matching social, environmental, and economic challenges.

    The ecosystem includes a large number of players, with presence across regional and global markets. Major electric motorcycles & scooters market players are focusing on developing efficient batteries and motors to ensure high performance.

    Polaris acquired Brammo's electric motorcycle business to enter the industry. It has acted as a leading investor for the recapitalization of Brammo, which will further focus towards development, design, and integration of electric vehicle powertrain.

    Related Reports: -
    Global Electric Motorcycles & Scooters Market Research Report 2018
    In this report, the global Electric Motorcycles & Scooters market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 ...
    @https://www.marketstudyreport.com/reports/global-electric-motorcycles-scooters-market-research-report-2018/?utm_source=RR-SK

    About Us:
    Centralize market research purchases across your entire organization in one place. Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.

    Contact Us:
    Market Study Report
    The Green Suite #4594,
    Dover, DE 191341
    United States
    Phone: 1-201-355-0868
    US Toll Free: 1-866-764-2134
    Email: sales@marketstudyreport.com
    Website: https://www.marketstudyreport.com
    News: https://www.marketstudyreport.com/category/news-releases/
    Connect with us: Google+ | LinkedIn | Twitter


    Market Study Report

    Arun Hegde

    1-201-355-0868

    sales@marketstudyreport.com

    Source: EmailWire.Com

    Source: EmailWire.com

    Transportation Resources

    For unlimited press release distribution for $99 per month, call (281) 645-4086 or start posting your press releases online at EmailWire.com.
    Copyright 2007 GroupWeb Media LLC
    GroupWeb Media Network

    Aviation-NewsWire | ArtNewsWire | Auction NewsWire | CRM NewsWire | ePhotoNewsWire | Energy Industry | EstateNewsWire | Entertainment-NewsWire.com | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | i-Homeland Security.Com | iMac-NewsWire.Com | i-Press-Release-Service | i-SoftwareNews.com | iT-NewsWire.Com
    | i-TravelNewsWire.Com | MoneyNewsWire.Net | Movie-Stars-News.Com | MSNewsWire.Net | PharmaNewsWire.Com | Publishing-NewsWire.Com | RSSNewsWire.Net | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com | VoIPNewsWire.Net | XSportsWorld.Net
    EuropeNewswire.net - Newswire and Press Release service of GroupWeb Media LLC