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Electric Motorcycle & Scooters (EMS) Market by Product (Motorcycle, Scooters), by Battery (SLA, Li-ion), by Voltage (24V, 36V, 48V, Others), by North America (U.S., Canada), by Europe (UK, Germany, France, Italy, Spain, Nordics, Rest of Europe), by Asia Pacific (China, India, Japan, Australia, South Korea, Southeast Asia, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Argentina, Rest of Latin America), by MEA (UAE, Saudi Arabia, South Africa, Rest of MEA) Forecast 2025-2033
The size of the Electric Motorcycle & Scooters (EMS) Market was valued at USD 35 Billion in 2023 and is projected to reach USD 49.25 Billion by 2032, with an expected CAGR of 5% during the forecast period. The Electric Motorcycle & Scooters (EMS) market emphasizes the advancement and expansion of electric two-wheeled vehicles, such as motorcycles and scooters, intended for individual transit. These vehicles present an eco-friendly option compared to conventional gasoline-powered models by delivering zero-emission travel, diminished operational expenses, and a lesser effect on the environment. The EMS market is propelled by elements like growing environmental consciousness, governmental support for electric transport, and progress in battery technology that enhances range, charging efficiency, and overall functionality. With increasing urbanization and rising traffic congestion issues, electric motorcycles and scooters provide an effective and economical option for short-distance travel, particularly in densely populated urban areas. The increasing need for sustainable transport, along with technological advancements and a broader charging network, is anticipated to drive substantial market expansion. Moreover, the rise of shared mobility services and the transition towards more sustainable transport options are also driving the growth of the EMS market. The market is set for significant expansion as electric two-wheelers increasingly gain popularity worldwide.
The EMS market remains moderately concentrated, with top players commanding significant market shares. Innovation remains at the forefront, with companies heavily investing in advanced battery technology, enhanced connectivity, and sleek designs. Government regulations continue to influence market dynamics, as various countries implement policies incentivizing electric vehicle adoption. The market faces competition from gasoline-powered vehicles and bicycles, primarily targeting customers in urban areas and those prioritising environmental consciousness. Consolidation continues to shape the industry, with notable merger and acquisition activity as companies aim to strengthen their positions and diversify their offerings.
Key market insights include:
Key Regions:
Dominating Segments:
This report provides a comprehensive analysis of the EMS market, including:
The market is projected to grow significantly in the coming years, driven by government initiatives, technological advancements, and rising consumer demand. Market size is expected to reach USD 70 Billion by 2028, with the Asia Pacific region accounting for the largest share.
Product:
Battery:
Voltage:
Aspects | Details |
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Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 5% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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