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Global Electric Motorcycle & Scooter Market will witness 5.2% CAGR between 2023 and 2032, propelled by extensive product launches and sustainability initiatives from key industry players. With a focus on reducing emissions and promoting eco-friendly transportation, leading companies introduce innovative electric models.
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Electric Motorcycle & Scooter Market Trends, Analysis & Forecast, 2032
Industry Insights • Global Electric Motorcycle & Scooter Market will witness 5.2% CAGR between 2023 and 2032, propelled by extensive product launches and sustainability initiatives from key industry players. With a focus on reducing emissions and promoting eco-friendly transportation, leading companies introduce innovative electric models. • For instance, in September 2022, Honda revealed intentions for a carbon-neutral future, aiming to debut over ten electric motorcycles by 2025, featuring three mid-range models and a youth variant for North America. Historically cautious about electrification, Honda's primary focus has been on swappable battery packs for electric two-wheelers. These launches cater to an environmentally conscious consumer base, driving the market's growth. As sustainability goals drive technological advancements, the EMS market witnesses a surge in offerings, marking a transformative shift towards cleaner, more efficient urban mobility options globally.
Motorcycles segment will undergo significant development from 2023 to 2032. As urban commuting and eco-consciousness intertwine, electric motorcycles gain traction as a sustainable alternative. With zero-emission capabilities and advancing technology, electric motorcycles offer performance without environmental impact. This growing demand signifies a shift in consumer preferences towards cleaner, efficient mobility solutions. As manufacturers innovate to meet this rising interest, the EMS market witnesses a notable transformation, shaping the future of urban transportation with electric motorcycles at its forefront. • Electric motorcycle & scooter (EMS) market size from the SLA cooperatives segment will register a noteworthy CAGR from 2023 to 2032. Although traditional, SLA batteries provide cost-efficient solutions for electric two-wheelers. Their reliability and affordability fuel market demand, especially in entry-level electric vehicles.
Regional Analysis • MEA electric motorcycle & scooter (EMS) industry will showcase a commendable CAGR from 2023 to 2032. As urbanization accelerates, coupled with environmental concerns, the shift towards eco-friendly transportation amplifies. Electric motorcycles and scooters offer viable solutions to urban mobility challenges, aligning with the region's sustainability goals. • Competitive Analysis • 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
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