Global Electric Motorcycle and Scooter Market to Grow to a Value of US$ 14.29 Bn by 2027, Growing at a Robust CAGR of 7.1% over 2019 to 2027: Transparency Market Research

Global Electric Motorcycle and Scooter Market to Grow to a Value of US$ 14.29 Bn by 2027, Growing at a Robust CAGR of 7.1% over 2019 to 2027: Transparency Market Research

PR Newswire

ALBANY, New York, March 18, 2020

ALBANY, New York, March 18, 2020 /PRNewswire/ -- The contemporary times reek of digital advancement, energy optimization, and recycling of power. There is a prominent distinction between what was considered sustainable a decade back and how researchers view sustainability and optimization in the current scenario. The dearth of natural resources across the globe has affected multiple industries, and has raised several eyebrows on the efficiency of the energy sector. Furthermore, researchers have continually provided fresh figures to evaluate global energy reserves, and these figures point to a dismal situation. While natural reserves are diminishing, people have become overdemanding and extravagant in their usage of resources. Increased spending capacity of the people has put them in a position to pay for various resources. However, this has had an adverse impact on the environment and the natural ecosystem that is getting deteriorated by the day.

Transparency Market Research

The total worth of the global electric motorcycle and scooter market is expected to exceed US$ 14.29 Bn by the end of 2027. Besides, it is estimated that the global electric motorcycle and scooter market would expand at a formidable CAGR of 7.10% over the period between 2019 and 2027.

Changing Propensities of the Automobile Industry

Understand the leading dynamics of growth and maturity operating in the Electric Motorcycle and Scooter Market (Product - Scooter, Motorcycle; Battery Type - Sealed Lead Acid, Lithium-ion; Technology - Plug-in, Battery) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 – 2027 at https://www.transparencymarketresearch.com/electric-motorcycle-scooter-market.html

Global Electric Motorcycle and Scooter Market: Growth Drivers

The growth of the global electric motorcycle and scooter market is a function of advancements in green energy technologies. The focus of energy scientists on using electric vehicles has had a positive impact on the growth dynamics of automobile manufacturers. These manufacturers have a large playfield of opportunity that they can optimize by developing electric bikes and motorcycles. Some of the leading drivers of demand within the global electric motorcycle and scooter market are:

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Adoption of Electric Vehicles to Remain Low in Developing Countries

Analyze electric motorcycle and scooter market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study.

Global Electric Motorcycle and Scooter Market: Competitive Landscape

The leading vendors in the global electric motorcycle and scooter market are looking at tapping into the needs and requirements of the masses. The growing inclination of the people towards sustainable standards of living has benefitted these vendors. Some of the leading manufacturers of electric scooters and motorcycles are Honda Motors, Lightning Motorcycle Corp., KTM Sport motorcycle GmbH, Lima Electric Vehicle Co. Ltd., Piaggio & C. SpA, and Mahindra & Mahindra Ltd.

View Detailed Table of Contents at https://www.transparencymarketresearch.com/report-toc/66890

The global electric motorcycle and scooter market is segmented by:

Product

Battery Type

Technology

Region

Explore Transparency Market Research's award-winning coverage of the Global Automotive & Transport Industry:

Motorcycle Advanced Driver Assistance System (ADAS) Market – Rise in demand for active safety systems in motorcycles owing to the rise in number of accidents and injuries is expected to be a key factor driving the motorcycle advanced driver assistance system market during the forecast period.

Motorcycle Accessories Market – The growth in global motorcycle market has registered the growth of associated industries like motorcycle accessories and its components. Motorcycle accessories, not only have higher aesthetic appeal but it also give assurance of safety, security and better performance.  

Motorcycle Airbag System Market – Rise in sales of motorcycles, globally, as an affordable form of commute and leisure travel is expected to boost demand of motorcycle airbag system. The motorcycle is a highly preferred mode of transport in Asia Pacific. Rise in popularity of motorcycles in Latin America and Middle East & Africa is anticipated to further drive the demand for safety systems such as motorcycle airbag system.

Connected Motorcycle Market – Connected motorcycle is a relatively new technology incorporated in motorcycles to provide smart and intelligent two-wheeler mobility. Connected motorcycles are equipped with IoT devices enabling seamless internet connectivity in motorcycles and data sharing. Connected motorcycles will allow the rider to monitor four major areas of the bike: ride data sharing, charging, bike status & alerts, and system upgrades & updates.

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About Transparency Market Research

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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