Electric Motorcycle & Scooter (EMS) Market Size - By Product (Motorcycles, Scooters), Battery (SLA, Li-ion), Voltage (24V, 36V, 48V), Growth Prospects, Regional Outlook & Global Forecast, 2023 - 2032

Electric Motorcycle & Scooter Market Size

Electric Motorcycle & Scooter Market size was valued at USD 33.9 billion in 2022 and is estimated to register a CAGR of 5.2% between 2023 and 2032. Electric scooter manufacturers are investing heavily in research & development, expanding their production facilities, and forging strategic partnerships to fuel the market expansion of electric motorcycles and scooters. For instance, in May 2023, Simple Energy, an Indian Electric Vehicle (EV) startup, launched its maiden electric scooter, Simple ONE. The company plans to invest USD 100 million by the end of 2024 to expand its product portfolio, manufacturing capacity, and dealership network.
 

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Technological advancements in electric scooters are revolutionizing the transportation landscape and fueling the electric motorcycle & scooter market growth. These advancements are enhancing the performance, efficiency, and user-friendliness of electric scooters, making them a compelling choice for urban commuters and leisure riders alike. For instance, in November 2023, Honda launched Motocompacto, an affordable electric scooter with sleek & simple styling, innovative foldable design, a maximum speed of 24km/h, and a zero-emission range of up to 19 kms. It is powered by a 6.8 Ah battery that can be fully charged in 3.5 hours. The scooter also features a digital speedometer, a charge gauge, and a comfortable carry handle, making it convenient for urban uses.
 

High initial investments in electric motorcycles and scooters are restraining the industry. The cost of electric components, such as batteries and motors, is significantly higher than that of traditional components, which makes electric motorcycles and scooters more expensive than gasoline-powered vehicles. This can deter consumers with a limited budget from purchasing EVs. However, as technology continues to develop and the cost of components decreases, EVs are becoming more affordable.
 

COVID-19 Impact

The COVID-19 pandemic had significant negative impacts on the electric motorcycle and scooter market. The pandemic caused global supply chain disruptions, creating challenges in procuring the raw materials and components needed for EV manufacturing. This led to production delays and shortages of electric motorcycles and scooters. The pandemic caused a decline in consumer spending, as many people lost their jobs or had their incomes reduced. This made it more difficult for consumers to afford EVs, which are typically more expensive than gasoline-powered vehicles. As a result, the sale of electric motorcycles and scooters fell sharply during the pandemic.
 

Electric Motorcycle & Scooter Market Trends

The increasing demand for sustainable transportation is reshaping the electric motorcycles and scooters market. With the growing environmental consciousness, consumers are shifting toward eco-friendly commuting options. Electric motorcycles and scooters produce zero emissions, reducing carbon footprint and air pollution. Favorable government policies, incentives, and awareness campaigns further encourage the adoption of electric two-wheelers. Advancements in battery technology, enhanced driving range, and improved charging infrastructure enhance the appeal of these vehicles. As a result, the market is witnessing a surge in demand, driven by the global push for sustainable and clean transportation solutions.
 

Advancements in battery technology are revolutionizing the electric motorcycles and scooters market by addressing key limitations. New lithium-ion batteries offer higher energy density, longer range, and faster charging capabilities. These developments lead to enhanced performance, increased efficiency, and reduced charging times, making electric two-wheelers more practical for everyday use. Innovations in battery management systems improve safety and longevity. As a result, consumers are more inclined to switch from traditional gasoline-powered vehicles to electric motorcycles and scooters, proliferating market growth and promoting sustainable mobility solutions.
 

Electric Motorcycle & Scooter Market Analysis

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Based on the product, the scooters segment accounted for 65% of the market share in 2022, due to the rising environmental concerns and the push for sustainable transportation. With advanced battery technology, improved charging infrastructure, and favorable government policies promoting electric mobility, consumers are increasingly opting for electric scooters as a convenient and eco-friendly mode of transport. The growing urbanization and need for efficient last-mile connectivity further fuel product demand. As a result, the electric scooter segment is expected to experience substantial expansion in the foreseeable future.
 

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Based on the battery type, the Li-ion segment held over 83% of the electric motorcycle & scooter market share in 2022, owing to its superior energy density, longer lifespan, and lighter weight compared to other battery types. Ongoing research & development initiatives are focused on enhancing the performance and reducing production costs of Li-ion batteries, making them more affordable & accessible for consumers.
 

As EV adoption rises globally, the demand for Li-ion batteries will surge owing to their efficiency, faster charging capabilities, and increasing investments in electric mobility infrastructure, ensuring substantial segment growth. For instance, in April 2023, Log9 opened India’s first lithium-ion cell manufacturing facility. It has an initial capacity to produce 50 MWh of battery, which can power up to 25,000 electric two wheelers.

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Asia Pacific electric motorcycle & scooter market is slated to register significant growth during the forecast period. Increasing urbanization, rising environmental concerns, and supportive government policies promoting clean energy and sustainable transportation are augmenting EV adoption in China, India, Japan, and other Southeast-Asian countries. A robust manufacturing ecosystem, technological advancements, and a growing middle class with high disposable income are fueling demand.
 

For instance, in April 2021, Yamaha Motor Co., Ltd. announced the development of hyper-EV motorcycles. The prototype vehicle is developed to achieve a maximum power output of approximately 350 kW. The company also initiated the acceptance of orders for innovative hyper-EV offerings.
 

Electric Motorcycle & Scooter Market Share

The major companies operating in the electric motorcycle & scooter industry are:

• AIMA Technology Group Co., Ltd
• Ampere Vehicles Pvt Ltd
• Energica Motor Company S.p.A
• GOVECS AG
• Harley Davidson
• Hero Electric
• Jiangsu Xinri E-vehicle Co., Ltd.
• KTM Sportmotorcycle GmbH
• Lightning Motorcycles
• Mahindra GenZe
• Niu Technologies
• SUNRA
• Tailing Electric Vehicle Co. Ltd.
• Terra Motors Corporation
• Vmoto Limited
• Yadea Technology Group Co. Ltd.
• Z Electric Vehicle
• Zero Electric Motorcycles

Niu Technologies is the major companies operating in electric motorcycle and scooter market. Market players, such as Zero Motorcycles, Harley, and NIU Technologies, are focusing on the development of lightweight powertrain mechanisms to reduce the overall vehicle weight and enhance performance to gain a competitive edge in the rapidly expanding electric two-wheeler ecosystem.
 

Electric Motorcycle & Scooter Industry News

• In August 2023, TVS launched the TVS X high-performance electric scooter. Designed as sporty maxi-scooter, TVS X is equipped with several features that enhance its performance and safety including a telescopic fork suspension, a rear monoshock suspension, a 220mm front disc brake, and a 195mm rear disc brake. It also has a host of connectivity features, such as a Bluetooth-enabled instrument cluster, a USB charging port, and a smartphone app.
   

The electric motorcycle & scooter (EMS) market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Million) and shipment (Units) from 2018 to 2032, for the following segments:

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Market, By Product

• Motorcycles
• Scooters

Market, By Battery

• SLA
• Li-ion

Market, By Voltage

• 24V
• 36V
• 48V
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Poland
  • Netherlands
  • Belgium
  • Czech Republic
  • Austria
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Taiwan
  • Malaysia
  • Indonesia
  • Thailand
• Latin America
  • Brazil
  • Mexico
  • Argentina 
  • MEA
  • UAE
  • Saudi Arabia
  • South Africa