Electric Motorcycle & Scooters (EMS) Market Size & Share, By Product (Motorcycle, Scooters), Battery (SLA, Li-ion), Voltage (24V, 36V, 48V), Regional Forecast, Industry Players, Growth Statistics Report 2024-2032

Market Outlook:

Electric Motorcycle & Scooters (EMS) Market was over USD 35.35 Billion in 2023 and is anticipated to surpass USD 55.31 Billion by end of the year 2032, witnessing more than 5.1% CAGR between 2024 and 2032.

• Base Year Value (2023): USD 35.35 Billion
• CAGR (2024-2032): 5.1%
• Forecast Year Value (2032): USD 55.31 Billion
• Historical Data Period: 2019-2023
• Largest Region: Asia Pacific
• Forecast Period: 2024-2032

Market Dynamics:

Growth Drivers & Opportunity:

The increasing awareness regarding environmental sustainability and the rising demand for energy-efficient transportation options are major growth drivers for the electric motorcycle and scooters market. Additionally, the advancement in battery technology and the improving infrastructure for charging stations are further fueling the growth of this market.

Report Scope

Report Coverage	Details
Segments Covered	Product, Battery, Voltage
Regions Covered	• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company Profiled	AllCell Technologies LLC, Ather Energy, BMW Motorrad International, Gogoro,, GOVECS, Green Energy Motors Corp., Greenwit Technologies, Honda Motor Co.., Howrin, Jiangsu Xinri E-Vehicle, KTM AG, KYMCO, Mahindra GenZe., Niu International, Ola Electric Mobility Pvt., TailG, Torrot Muvi, Vespa, X-Treme, Yadea Technology Group Co.,,

Industry Restraints:

The high initial costs and limited range of electric motorcycles and scooters are perceived as major restraints for their widespread adoption. Moreover, the lack of government incentives and subsidies for electric vehicles compared to traditional gasoline-powered vehicles also hinder the growth of the market.

Regional Forecast:

North America: The electric motorcycle & scooters market in North America has been witnessing significant growth due to increasing environmental concerns and government initiatives to promote clean mobility. The U.S. and Canada are leading the market in the region, with a strong focus on reducing carbon emissions and promoting electric vehicles. The presence of key players and a well-established infrastructure for electric vehicle charging are driving the market in North America.

Asia Pacific: In Asia Pacific, countries like China, Japan, and South Korea are experiencing a rapid adoption of electric motorcycles and scooters. The region has a large population and urbanization, leading to a high demand for sustainable transportation solutions. Government subsidies, favorable policies, and increasing awareness about the benefits of electric vehicles are fueling the growth of the market in Asia Pacific.

Europe: The electric motorcycle & scooters market in Europe is also witnessing significant growth, with countries like the United Kingdom, Germany, and France leading the way. The region has strict emission regulations and a strong focus on reducing air pollution, making electric vehicles a popular choice among consumers. Infrastructure development for electric vehicle charging and government incentives are driving the market in Europe.

Segmentation Analysis:

In terms of segmentation, the global Electric Motorcycle & Scooters (EMS) market is analyzed on the basis of Product, Battery, Voltage.

Electric Motorcycle & Scooters Market by Product

The electric motorcycle and scooters market can be categorized based on product type into two primary segments: motorcycles and scooters. Electric motorcycles are gaining traction due to their enhanced performance, longer range, and the growing acceptance of high-speed electric vehicles. They appeal to enthusiasts seeking eco-friendly alternatives to traditional motorcycles while offering impressive acceleration and agility. On the other hand, electric scooters are predominantly favored for urban commuting, providing a convenient, cost-effective, and easy-to-use mode of transport for daily travel. The lightweight and compact design of electric scooters also makes them ideal for navigating congested city streets. Collectively, both segments are experiencing significant growth, driven by technological advancements and increasing environmental awareness.

Electric Motorcycle & Scooters Market by Battery

In terms of battery technology, the electric motorcycle and scooters market is primarily divided into lead-acid batteries (SLA) and lithium-ion batteries (Li-ion). Lead-acid batteries have been a traditional choice due to lower initial costs and availability. However, they generally offer shorter lifespan and performance, which limits their application in high-demand scenarios. Conversely, lithium-ion batteries are becoming the preferred option as they provide a better power-to-weight ratio, improved energy efficiency, and longer cycle life. The rapid advancement in lithium-ion technology, coupled with decreasing costs, is increasingly influencing the market dynamics. As consumers seek vehicles with better range, faster charging, and overall improved performance, the demand for electric motorcycles and scooters featuring lithium-ion batteries is expected to dominate the market.

Electric Motorcycle & Scooters Market by Voltage

Voltage classification in the electric motorcycle and scooters market includes 24V, 36V, and 48V options. The 24V segment primarily caters to lower-powered models, typically seen in smaller electric scooters aimed at casual riders and short-distance travel. These types of scooters are often less expensive and ideal for individuals looking for basic utility without high-performance demands. The 36V segment strikes a balance between performance and cost-effectiveness, offering moderate speed and range suitable for urban environments. Models under this category are gaining popularity due to their versatility. The 48V segment is associated with higher performance electric motorcycles and scooters that can reach higher speeds and support longer travel distances. This voltage category is increasingly favored by those seeking greater power, performance, and durability, thus capturing a significant market share as consumer preferences evolve towards higher-capacity electric vehicles.

Competitive Landscape:

The electric motorcycle and scooters market is highly competitive, with key players striving to gain market share by offering innovative products and expanding their distribution networks globally. Several companies are consistently investing in research and development to enhance their product offerings and stay ahead of competitors. Some of the top market players in the electric motorcycle and scooters market include:

1. Zero Motorcycles

2. Harley-Davidson

3. Evoke Electric Motorcycles

4. Alta Motors

5. Lightning Motorcycle

6. KTM AG

7. Piaggio Group

8. Energica Motor Company

9. Gogoro Inc.

10. NIU Technologies