The growing inclination toward road safety and increasing government initiatives in the form of stringent traffic rules are likely to aid in the expansion of the global electric motorcycles and scooters market. An electric motorcycle or scooter is a two-wheeled vehicle controlled by an electric engine, where electric force is put away as a battery-powered battery. This battery drives and powers at least one electric engine in the bike vehicle. Electric motorcycles and scooters are impressively calmer than customary controlled motorcycles and scooters; they are quiet to the point that person on foot is probably going to be uninformed of their quality in the city or street. As of now, a greater part of electric motorcycles and scooters are driven by a battery-powered lithium-particle battery and fixed lead corrosive battery.
As per segmentation by product, the electric scooter segment is projected to earn a 66% share in the overall market in the coming years. Besides this, the cost-efficient prices of electric scooters as compared to motorcycles are further projected to help this segment continue dominating the market in the coming years.
According to a report by Transparency Market Research, the global electric motorcycle and scooter market is expected to rise at a CAGR of 7.1% to reach a value of USD 14.29 billion by the end of 2027.
The research report by TMR provides thorough analysis of key facets impacting on the growth trajectory of the Electric motorcycle and scooter industry. Hence, this report covers study on different factors such as the growth drivers, expansion avenues, growth restraints, and challenges experienced by the market players.
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Electric motorcycle and scooter market Industry Trends and Value Chain Analysis:
The study on the market presents a critical assessment of the marketing environment including suppliers, marketing intermediaries, competitors, publics, and customers. The report offers a detailed evaluation into how these have evolved in response to the natural and technical environments.
Some of the key aspects covered by the analysts in the study are:
- What key consumer attitudes and behaviors will influence demand in the Electric motorcycle and scooter market?
- What are some of the key customer value propositions in the market?
- What factors are driving uptick in credit demand in various industries related to the Electric motorcycle and scooter market?
- Which are key internal considerations affecting pricing decision for the recently launched products?
- How revenues in the key product segments have been impacted by supply chain and value delivery network?
- In which segment will research spending beat expectations by the end of the forecast period?
Electric motorcycle and scooter market Competitive Strategies:
The report on the market presents a critical assessment of frameworks for branding decisions, market fit growth strategies, and strategies for leaders and pioneers. The study analyzes distribution channel strategies, product portfolio, strategic business units of top players, and goal attacking, and market expansion strategies.
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Some of the key questions scrutinized in the study are:
BMW Group, Electrotherm Ltd., Energica Motor Company, Harley Davidson, Hero Electric, Jiangsu Xinri E-vehicle Co. Ltd., KTM AG, Mahindra & Mahindra Ltd., NIU International, Piaggio Group, Vmoto Limited, Yadea Group Holding Ltd., Ampere Vehicles, Ather Energy, Avan Motors India, Avon Cycles, and Bajaj Auto Ltd.
Some of the key aspects analyzed in the study on the Electric motorcycle and scooter market are:
- What are some of the promotional techniques of key firms in the Electric motorcycle and scooter market?
- What product mix strategies leading players have adopted in recent years?
- How are key firms strategically entering new developed and fast-growing economies?
- Which key players have forged partnerships to grow their market shares during the forecast period?
- Which is the intensity of competition and how will fragmentation and consolidation work?
- How have monetary and financial policies shaped the entry barriers in the market?
Electric motorcycle and scooter market Regional Developments: Assessment of Growth Dynamics in Key Geographies
Some of the broad aspects that the study scrutinizes are
- What are some of the financial and economic environment in geographies that underpinned growth of emerging markets?
- Which regions are expected to lose their sheen due to economic and political impediments?
- How has diffusion of new technologies reinforced new revenue streams in key regions in the Electric motorcycle and scooter market?
- What are some of the major regions that will witness surge in investments in supply chain networks?
- How will cultural factors impact the demand dynamics of the major regional markets?
- What macroeconomic upheavals promoted decline in demand in certain regions?
- Which region is expected to attract attention of top players?
- What are some of the key international regulations pertaining to industry which will spur new business opportunities in key regions?
Mobility Scooter Market – Due to technological advancements in electric mobility scooters, there are several lucrative opportunities for market players. The growing presence of market contributors across the globe developing efficient and eco-friendly scooters for disabled and geriatric population is expected to drive the market in the upcoming years. These battery-powered mobility scooters are helpful for disabled people, as they provide strength and balance.
Candle Market – Companies in the global candle market are focusing on product innovations such as e-candles, scented candles, and floating candles to keep their businesses growing post the COVID-19 pandemic. The increasing demand for eco-friendly products is anticipated to have a high impact on the market growth, as the adoption rate of eco-friendly products is growing rapidly. Thus, the demand for organic candles made of natural wax is on the rise, due to preference for candles that do not result in carbon blackening.
Drive-By-Wire Market – The global drive-by-wire market is significantly driven by rising sales of passenger vehicles and commercial vehicles across the globe. The growing popularity and adoption of highly efficient electric vehicles is also fueling the growth of the global market.
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