The global electric motorcycles AMP scooters market is anticipated to grow at a significant CAGR 7% during the forecast period (2022-2028). A major factor driving the adoption of electric motorcycles AMP scooters includes low operating and maintenance costs. Rising fuel prices are forcing consumers to switch to electric-powered motorcycles and scooters. The cost of maintenance of electric motorcycles and scooters is low as they have fewer moving parts compared to two wheelers of petrol or diesel. In addition, the electric motorcycle market holds a budget of more than 30.0% by 2020, with more than 1,400 units sold worldwide.
Changing consumer preferences from conventional motorcycles to electric motorcycles due to increased air pollution may increase the demand for the component. Electric motorcycles are lightweight, very efficient, and require minimal adjustment due to the slow-movingparts.The electric motorcycles contribute to a significant reduction in carbon footprint and noise pollution. Additionally, the most important factor driving the market for electric motorcycles and motorcycles is the rising prices of petroleum products. Consumers from developing countries have been hit hard by rising fuel prices. Manufacturers are expected to build motorcycles and electric motorcycles with a wider range than the current two-wheel-drive model.
Since there are smaller moving parts than two standard wheels, care will also not be a concern. The highest maintenance cost would be the cost of replacing the battery.The electric scooter market is expected to grow over time with growing support from international government agencies. Many countries have recognized the need to use electricity to reduce the increase in car pollution, as the US and China are now preparing electric vehicles. India recently announced that it may stop producing two ICE wheels under the 150-cc segment by 2025. Similarly, many countries will be introducing such laws and policies in favor of the two-wheeler in the forecasted period.
In October 2020, Zero Motorcycle launched its two electric motorcycles, the Zero SR / S and the Zero SR /F. The motorcycles are integrated with the Zero’s Cypher III app and carry 82 kW meters to reach speeds of up to 120mph. Such launches are further anticipated to drive the market growth.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Product
- By Battery
- By Voltage
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape-KTM, Mahindra GenZe, Lightning Motorcycles, Hero Electric, and Yadea Technology Co. Ltd., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
A full report of Global Electric Motorcycles AMP Scooters Market is available at: https://orionmarketreports.com/global-electric-motorcycles-amp-scooters-market/104654/
Global Electric Motorcycles AMP Scooters Market Report by Segment
By Product
- Motorcycles
- Scooters
By Battery
- SLA
- Li-ion
By Voltage
- 24V
- 36V
- 48V
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