To understand key trends
Download Free Sample
Based on product, the scooters segment accounted for 67% of the market share in 2023. Electric scooters are becoming more popular as a practical and eco-friendly means of transportation owing to advancements in battery technology, charging infrastructure, and government initiatives that promote electric mobility. There are several factors contributing to the overall popularity of electric scooters. These factors include their affordability, compact design & lightweight structure, and growing urbanization as increased population density in cities is fueling the demand for efficient & easy urban transportation, thereby favoring the scooters segment.
To understand key market trends
Download Free Sample
Based on battery, the Lithium-ion (Li-ion) battery segment held over 87% of the electric motorcycle & scooters market share in 2023. Li-ion batteries store substantially more energy per unit weight than alternatives such as lead-acid batteries, resulting in greater range and more compact vehicle designs. As EV adoption grows internationally, the need for Li-ion batteries will increase owing to their efficiency, quicker charging capabilities, and investments in electric mobility infrastructure, resulting in significant market growth. Compared to other battery types, Li-ion batteries also have a lower environmental effect throughout their lifespan, which is consistent with the increased emphasis on sustainability.
To understand regional trends  Download Free Sample
Asia Pacific electric motorcycle & scooters market recorded around 95% of the revenue share in 2023. With supportive government policies, technological advancements, rising environmental concerns, and growing consumer awareness, this region will continue to be a major driver of the global electric mobility revolution. Demand in the Asia Pacific region is being driven by a strong manufacturing ecosystem, technological breakthroughs, and an expanding middle class with high disposable income.
For instance, in November 2023, China’s electric vehicle sales hit the fourth consecutive record. The number of new registrations exceeded 870,000. The overall EV industry in China is at an all-time high, which will eventually propel the market growth opportunity for electric motorcycles and scooters.