Low-Powered Electric Motorcycle and Scooter Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025 - 2034
Market Report I 2024-11-15 I 180 Pages I Global Market Insights
The Global Low-Powered Electric Motorcycle And Scooter Market reached USD 14.4 billion in 2024 and is anticipated to grow at a CAGR of 6.3% from 2025 to 2034. Growth in this market is largely fueled by government policies promoting the adoption of electric vehicles (EVs) as part of broader sustainability goals. Incentives such as tax credits, rebates, and purchase subsidies make these vehicles more affordable, increasing consumer interest. Investments in charging infrastructure further support this trend by addressing a range of concerns and enhancing user convenience.
Support for manufacturers through subsidies and grants also plays a vital role in fostering innovation and reducing production costs. This collaborative approach between governments and industry players is accelerating the adoption of eco-friendly transportation solutions, drawing new entrants into the market.
Urbanization and worsening traffic congestion are key factors propelling demand for low-powered electric motorcycles and scooters. These vehicles offer compact, efficient, and environmentally friendly alternatives to traditional modes of transport, allowing commuters to navigate crowded streets with ease while reducing travel time. Their agility and suitability for urban settings make them increasingly popular as cities grow more densely populated.
The market is segmented by battery type into nickel-metal hydride (NiMH) batteries, lead-acid, and lithium-ion. Lithium-ion batteries dominated the market in 2024, accounting for 70% share, and are projected to generate USD 17 billion by 2034. Their superior energy density and efficiency enable longer travel ranges, meeting the needs of urban commuters and enhancing the overall appeal of electric motorcycles and scooters.
In terms of distribution channels, offline sales accounted for a 70% share in 2024. The offline segment remains dominant due to consumer preference for in-person interactions, which allow for test drives and a thorough evaluation of features before purchase. Physical stores and authorized dealerships offer a tangible buying experience that builds consumer confidence and trust.
The Asia Pacific region accounted for a 55% share in 2024 and is expected to reach USD 14 billion by 2034. Strong manufacturing capabilities, supportive government policies, and growing demand for sustainable transportation drive this growth. The region benefits from initiatives aimed at reducing carbon emissions and fostering EV adoption, contributing to the rapid expansion of the market and positioning it as a global leader in electric vehicle innovation.
Report Content
Chapter 1 Methodology & Scope
1.1 Research design
1.1.1 Research approach
1.1.2 Data collection methods
1.2 Base estimates and calculations
1.2.1 Base year calculation
1.2.2 Key trends for market estimates
1.3 Forecast model
1.4 Primary research & validation
1.4.1 Primary sources
1.4.2 Data mining sources
1.5 Market definitions
Chapter 2 Executive Summary
2.1 Industry 360 synopsis, 2021 - 2034
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.2 Supplier landscape
3.2.1 Raw material suppliers
3.2.2 Component manufacturers
3.2.3 Vehicle manufacturers
3.2.4 Charging infrastructure providers
3.2.5 Distribution and retail networks
3.3 Profit margin analysis
3.4 Price analysis
3.5 Technology & innovation landscape
3.6 Key news & initiatives
3.7 Regulatory landscape
3.8 Impact forces
3.8.1 Growth drivers
3.8.1.1 Increasing awareness about environmental pollution and the need for sustainable transportation options
3.8.1.2 Government initiatives incentives, and subsidies to promote the adoption
3.8.1.3 Technological advancements in battery technology
3.8.1.4 Rising urbanization and growing traffic congestion
3.8.2 Industry pitfalls & challenges
3.8.2.1 High initial cost
3.8.2.2 Limited range and charging infrastructure
3.9 Growth potential analysis
3.10 Porter's analysis
3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2024
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Product, 2021 - 2034 ($Bn, Units)
5.1 Key trends
5.2 Electric motorcycles
5.3 Electric scooters
Chapter 6 Market Estimates & Forecast, By Battery, 2021 - 2034 ($Bn, Units)
6.1 Key trends
6.2 Lithium-ion Batteries
6.3 Lead-acid Batteries
6.4 Nickel-metal Hydride (NiMH) Batteries
Chapter 7 Market Estimates & Forecast, By Speed, 2021 - 2034 ($Bn, Units)
7.1 Key trends
7.2 Up to 25 km/h
7.3 25 to 50 km/h
7.4 50 to 70 km/h
Chapter 8 Market Estimates & Forecast, By Application, 2021 - 2034 ($Bn, Units)
8.1 Key trends
8.2 Personal commuting
8.3 Shared mobility services
8.4 Delivery services
Chapter 9 Market Estimates & Forecast, By Distribution Channel, 2021 - 2034 ($Bn, Units)
9.1 Key trends
9.2 Online
9.3 Offline
Chapter 10 Market Estimates & Forecast, By Region, 2021 - 2034 ($Bn, Units)
10.1 Key trends
10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.3 Europe
10.3.1 UK
10.3.2 Germany
10.3.3 France
10.3.4 Spain
10.3.5 Italy
10.3.6 Russia
10.3.7 Nordics
10.4 Asia Pacific
10.4.1 China
10.4.2 India
10.4.3 Japan
10.4.4 South Korea
10.4.5 ANZ
10.4.6 Southeast Asia
10.5 Latin America
10.5.1 Brazil
10.5.2 Mexico
10.5.3 Argentina
10.6 MEA
10.6.1 UAE
10.6.2 South Africa
10.6.3 Saudi Arabia
Chapter 11 Company Profiles
11.1 AIMA Technology
11.2 AllCell Technologies LLC
11.3 Ather Energy
11.4 Bajaj Auto Ltd.
11.5 Gogoro Inc.
11.6 Green Energy Motors
11.7 Hero Electric Vehicles
11.8 Honda Motor
11.9 Howrin
11.10 Jiangsu Xinri E-Vehicle
11.11 KTM AG
11.12 KYMCO
11.13 Mahindra GenZe.
11.14 NIU Technologies
11.15 Ola Electric Mobility
11.16 Terra Motors Corporation
11.17 TVS Motor Company
11.18 Vespa
11.19 X-Treme
11.20 Yadea Group Holdings Ltd.
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