Electric Motorcycle and Scooter Market 2023 Expected to Reach Significant Rate by 2030 (2023)

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Electric Motorcycle and Scooter Market 2023 Expected to Reach Significant Rate by 2030? ›

The global Electric Motorcycle and Scooter market size will reach USD 8250.9 million in 2030, growing at a CAGR of 4.8% over the analysis period. The United States Electric Motorcycle and Scooter market is expected at value of USD million in 2021 and grow at approximately Percent CAGR during review period.

You will discover why the top motorcycles OEMs works with us. After a decade of rapid growth, in 2021 the global electric 2-wheeler (scooter plus motorcycles) market hit the 10 million mark, a 81% increase over the pre-pandemic 2019, and representing a 17.5% total 2-Wheeler industry.

The global electric scooters (E-Scooters) market size was estimated at USD 33.72 billion in 2022 and it is expected to hit around USD 88.75 billion by 2032, anticipated to grow at a compound annual growth rate (CAGR) of 10.16% from 2023 to 2032.

The future of e-scooters

They have the potential to take journeys off the road, reduce congestion, assist with first and last mile journeys and could even be integrated seamlessly into the wider public transport network.

Yadea, the world's largest electric scooter maker, keeps the ball rolling in the first half of 2022 as export volumes surge 104%. Rising global demand for two-wheel EVs is driving Yadea's overseas expansion.

Motorcycles market unit sales are expected to reach 599.20k motorcyles in 2027. The volume weighted average price of Motorcycles market in 2023 is expected to amount to US$11.98k.

There are many obstacles and barriers to entry, including the high costs of production, a lack of understanding about getting a bike to market, design development and product issues, plus supply chain, sourcing, and manufacturing issues. That all makes it hard to produce a bike for a reasonable price.

Electric scooters and e-bikes are rising in popularity. As transportation options diversify, local policymakers are beginning to integrate micromobility means as integral fixtures in transportation networks and climate action plans, given their health and climate benefits.

Is an e scooter a good investment? ›

Will an electric scooter ever replace my car? Owning an electric scooter is clearly a strong investment as a means of transportation, but the benefits of ownership go beyond the great value that they provide. Your electric scooter will likely cost below ten percent of what you would pay for a new car.

While an electric scooter will cost you initially, the savings it provides most commuters is totally worth it. Whether it's a few miles/kilometers a day or completely replacing your car, adding a scooter to your life saves money and time, and more importantly, it can make your commute one of the best parts of your day.

On average, e-scooters in a ride-share fleet last for 9 to 18 months, while personal ones last for up to 3 years. The efficiency of a personal e-scooter reduces after the first 2 years, but with proper care and maintenance, you'll still be cruising your scooter for up to 3 years or even more.

The target market for e-scooters and portable e-bikes is commuters looking for a way to speed their last mile to home or work. Students on college campuses are another big market, Wakefield said.

Depending on the quality of your electric scooter and your usage, it can last for at least three years or more. For the first two years, efficiency may decrease, but it's in the third year of your electric scooter that you will feel the drop in efficiency. This may mean less range and speed, and more maintenance.

The Financial Benefits of a Scooter-Sharing Business

Overall, the scooter-share industry experiences an estimated 27% to 30% gross profit margin on scooter rides, according to reports from Joyride's current operators and those released by leading micromobility companies.

Motorcycle Stability Control (MSC), Anti-lock Braking System (ABS), and side view assist are trends shaping the motorcycle industry's future in 2023. They are being incorporated into motorcycles to prevent accidents and ensure a motorcyclist's safety.

No petrol bikes after 2035: Government proposes new cut off for combustion engined motorcycles. The Department for Transport (DFT) have marked the end of the first year of their Transport Decarbonisation Plan with fresh proposals to end the sale of petrol motorcycles and scooters by 2035.

What is the future of the powersports industry? ›

The report suggests that this industry is expected to experience an annual revenue increase (in USD Mn) During the Forecast Period. Powersports Aftermarket Market Size is projected to Reach Multimillion USD by 2029, In comparison to 2021, at unexpected CAGR during the forecast Period 2022-2029.

The global two wheeler market size was valued at USD 110.82 billion in 2021 and is projected to grow from USD 121.49 billion in 2022 to USD 217.94 billion by 2029, exhibiting a CAGR of 8.7% during the forecast period.

Report Overview. The global motorcycles market size was valued at USD 104.1 billion in 2021 and is estimated to rise at a compound annual growth rate (CAGR) of 7.4% from 2022 to 2028.

A Target Market, is composed of people who are most likely to be potential customers. For example, the target market for a low powered, commuter motorbike is likely to be: A worker, commuting a relatively short distance to and from his/her workplace.

As much as we love high-performance bikes, an electric motorcycle will probably spend most of its life in the city. And, this is why the Super Soco TC is on our list. The Super Soco TC not only looks retro in a stylish way, but it also makes for a great commuter electric bike.

Electric Motorcycles Deliver Instant Torque and Power

If you're all about performance, electric motorcycles have a clear advantage over gas motorcycles. At a lower RPM, ICE engines produce less torque. Therefore, they can only achieve peak power and maximum torque when their engine is spinning at a high RPM rate.

All new Honda e-motorcycles will use its solid-state batteries, which are currently under development and slated to hit production in 2024. The automaker claims the electric models are part of Honda's strategy to hit carbon neutrality in its motorcycle unit by 2040.

It's also worth considering that the scooter will be far more theft resistant. Electric bikes are at a much higher risk of theft because of high resale prices and because they must be left outside on most trips. This makes cost of ownership go up due to expensive bike locks and e-bike insurance.

Overall, micromobility like e-scooters is extremely popular in the 18 to 50 age group. Another factor noted for scooter riders surveyed in major urban markets was household income, with more than half reporting a household income of less than $75,000.

Each individual who chooses to ride an electric scooter eliminates one additional vehicle from a traffic jam, which speeds up traffic and fewer road accidents.

What is the crash rate of e-scooters? ›

The aftermath of a collision between an e-scooter and a passenger car. A new study in Los Angeles found that there are 115 injuries per 1 million e-scooter trips, far more than the national rate for bicycles and passenger cars.

To ensure the safety of your child, escooters are recommended for children aged 8 and above, with a maximum weight limit of between 60kg and 80kg depending on the model. The reason for this is that children of this age have better motor skills and awareness of their surroundings to ensure safe control of the scooter.

People come in all different shapes and sizes, and e-scooters are not going to be a suitable form of transport for everyone. E-scooter will have a weight limit, so if you are obese or overweight, then the scooter is most likely going to be prone to damage if you use it.

But in general, most electric scooters can go from 10-80 miles (depending on the battery, weight, and other built-in factors) in just one charge. Keep in mind that this depends on the type of electric scooter that you get.

Quick List: Best Electric Scooters 2023. Based on the feedback from 49,725 scooter fans and 4 years of hands-on testing, we can reveal that the best electric scooters are: Turboant X7 Max – Best Overall ($499.98) Turboant M10 – Best Commuter ($359.98) Mosquito – Best Portable ($999)

Li-ion batteries may be smaller than their traditional counterparts, but they hold considerably more energy for extended periods of time. Despite the market seeing a gradual decrease in the cost of lithium-ion batteries over the last ten years, rising costs of their raw materials continue to keep prices high.

S&P Global Mobility forecasts electric vehicle sales in the United States could reach 40 percent of total passenger car sales by 2030, and more optimistic projections foresee electric vehicle sales surpassing 50 percent by 2030.

As per Precedence Research, the global electric car market size was estimated at USD 124.33 billion in 2022 and it is expected to be worth around USD 358.77 billion by 2030 with a CAGR of 14.16% from 2022 to 2030.

Global Electric Vehicle Market is valued at USD 193.55 Billion in 2022 and is projected to reach a value of USD 693.70 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 17.30% over the forecast period.

Revenue in the Electric Vehicles market is projected to reach US$61.18bn in 2023. Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 22.79%, resulting in a projected market volume of US$139.10bn by 2027. Electric Vehicles market unit sales are expected to reach 2.13m vehicles in 2027.

What is better electric bike or scooter? ›

Although a scooter is more portable and easier to carry, it isn't going to get you there at the speed in which an electric bike will. Other important factors? Range and safety. No question here that an ebike is going to give you more range and less worry about having your battery die or getting stuck etc.

When you check the app for scooters that need to be harvested, you'll be able to see how much each scooter will earn you. Lime juicers report an average of about $8 per scooter, with $5 to $12 per scooter as a reasonable range. You can probably expect to make around $20 to $30 per hour.