Electric motorcycles & scooters

Referring to the study, Global Electric Motorcycles And Scooters Industry Research Report 2021 Segmented by Major Market Players, Types, Applications and Countries Forecast to 2027.

Based on types, electric motorcycles and Scooters market can be segregated as electric tricycles, electric wheelchairs, electric kick scooters, electric mobility scooters, electric go-kart, electric bicycles, self-balancing electric scooters, electric motorcycles and others. In addition, based on application, market can be segregated as retail stores and e-commerce.

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Growth in technological advancements in the field of motors & battery management systems, followed by increase in government incentives & subsidies, rise in concerns about pollution levels, increase in need to minimize the levels of collective carbon footprints, stringent emission regulations, growth in need for sustainable transportation, increase in awareness related to electric mobility, increase in affordability of electric two-wheelers and low operating & maintenance costs are some major factors, which are responsible for growth of the electric motorcycles and scooters market. Apart from this, lack of power output and limited range and lack of charging infrastructure may impact the market. Moreover, increase in consumer awareness towards alternate fuel is a leading opportunity for global market.

Based on regional analysis, the Asia-Pacific is a leading region in global electric motorcycles and scooters market owing to rise in demand for affordable electric scooters for short-distance commuting and large sales production & sales volumes of electric two-wheelers across the region. The North-America and Europe regions are estimated to witness higher growth rate due to rise in disposable income of working-class people and increase in government investments over the forecast period. It is projected that future of the global electric motorcycles and scooters market will be optimistic on account of rise in consumer awareness of air pollution along with high demand for low noise transport solutions during the forecast period.

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