Low-powered Electric Motorcycle & Scooter Market Analysis & Outlook During the Forecast Period, 2020-2024 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 8, 2020--
The “Low-powered Electric Motorcycle and Scooter Market by Vehicle Type and Geography - Forecast and Analysis 2020-2024” report has been added to ResearchAndMarkets.com’s offering.
Global Low-powered Electric Motorcycle and Scooter Market: About this market
The low-powered electric motorcycle and scooter market analysis considers sales from electric scooters and electric motorcycles. Our study also finds the sales of low-powered electric motorcycle and scooter in APAC, Europe, MEA, North America, and South America. In 2019, the electric scooters segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the launch of high-performance electric scooters will play a significant role in the electric scooters segment to maintain its market position. Also, our global low-powered electric motorcycle and scooter market report looks at factors such as declining cost of Li-ion batteries, continuous improvements in electric motorcycles and scooters, and government subsidies and incentives for electric vehicles. However, high upfront and maintenance complexities of electric two-wheelers, lack of adequate supporting infrastructure for electric vehicles, and demand for EV batteries with improved efficiency may hamper the growth of the low-powered electric motorcycle and scooter industry over the forecast period.
Global Low-powered Electric Motorcycle and Scooter Market: Overview
Declining cost of Li-ion batteries
The battery is one of the key contributors to the overall cost of an electric motorcycle or scooter. The cost of Li-ion batteries has been declining over the years owing to the increasing popularity of electric-powered passenger cars and buses. Manufacturers are increasingly preferring efficient and economic Li-ion batteries to enhance vehicle production efficiency. The adoption of low-cost or economic Li-ion batteries aids in the minimization of the overall production cost incurred in manufacturing low-powered electric motorcycles and scooters. Furthermore, with lowering prices of raw materials such as battery-grade lithium carbonate and lithium hydroxide, the prices of Li-ion batteries are further likely to reduce during the forecast period. Thus, the declining cost of Li-ion batteries will lead to the expansion of the global low-powered electric motorcycle and scooter market at a CAGR of over 6% during the forecast period.
Emergence of all-electric off-road motorcycles
Off-road motorcycles or adventure motorcycles have started witnessing significant popularity in recent years. As a result, various prominent motorcycle manufacturers are increasingly focusing on the off-road segment and increasing their offerings by expanding their product portfolios. In addition, rising environmental awareness and governmental push for minimizing CO2 emissions are also likely to impact the electric off-road two-wheeler market segment positively during the forecast period. This development is expected to have a positive impact on the overall market growth.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY VEHICLE TYPE
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/r0z2ce
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INDUSTRY KEYWORD: MOTORCYCLES AUTOMOTIVE ALTERNATIVE VEHICLES/FUELS
SOURCE: Research and Markets
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PUB: 01/08/2020 11:58 AM/DISC: 01/08/2020 11:58 AM