Market Size

The global Electric Scooter and Motorcycles Market is poised for remarkable growth, with its market size valued at USD 16,183.07 million in 2024 and projected to surge to USD 122,320.66 million by 2033, growing at a CAGR of 25.20% during the forecast period (2025-2033). According to a recent report by Straits Research, the market is set to witness exponential growth, driven by increasing demand for eco-friendly transportation solutions, advancements in battery technology, and supportive government policies promoting electric vehicles.

Market Definition
The Electric Scooter and Motorcycles Market encompasses two-wheeled vehicles powered by electric motors and batteries, offering a sustainable alternative to traditional gasoline-powered vehicles. These vehicles are gaining popularity due to their low operational costs, zero emissions, and ease of use in urban environments. The market includes a wide range of products, from low-speed electric scooters to high-performance electric motorcycles.

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Latest Trends in the Electric Scooter and Motorcycles Market

1. Rising Adoption of Lithium-Ion Batteries: Lithium-ion batteries are becoming the preferred choice due to their higher energy density, longer lifespan, and faster charging capabilities.

2. Integration of Smart Technologies: Electric scooters and motorcycles are increasingly equipped with IoT-enabled features, such as GPS tracking, smartphone connectivity, and over-the-air updates.

3. Expansion of Charging Infrastructure: Governments and private players are investing heavily in developing robust charging networks to support the growing adoption of electric two-wheelers.

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Growth Factors

1. Government Incentives and Subsidies: Many governments worldwide are offering financial incentives, tax rebates, and subsidies to encourage the adoption of electric vehicles.

2. Rising Environmental Concerns: Growing awareness about the environmental impact of fossil fuels is driving consumers to switch to electric alternatives.

3. Technological Advancements: Innovations in battery technology, motor efficiency, and lightweight materials are enhancing the performance and affordability of electric scooters and motorcycles.

Market Segmentation

The Electric Scooter and Motorcycles Market is segmented based on product type, battery type, voltage, and region.

• By Product Type: Electric Scooters, Electric Motorcycles

• By Battery Type: Lead-Acid, Lithium-Ion, Nickel-Metal Hydride

• By Voltage: 24V, 36V, 48V, 60V, 72V

• By Region: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa

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Table of Contents

1. Introduction

2. Market Definition

3. Market Segmentation

4. Growth Factors

5. Latest Trends

6. Key Players

7. Regional Analysis

8. Conclusion

Key Players in the Electric Scooter and Motorcycles Market

The market is highly competitive, with several key players driving innovation and growth. Some of the prominent players include:

• Yadea Group Holdings Ltd.

• Niu Technologies

• Hero Electric

• Ather Energy

• Zero Motorcycles

• Energica Motor Company S.p.A.

• Terra Motors Corporation

• Gogoro Inc.

• BMW Motorrad

• Harley-Davidson, Inc.

Dominated Region: Asia-Pacific

Fastest Growing Region: Europe

Key Questions Answered by the Report

1. What is the current market size of the Electric Scooter and Motorcycles Market?
   The market was valued at USD 16,183.07 million in 2024.

2. What is the projected market size by 2033?
   The market is expected to reach USD 122,320.66 million by 2033.

3. What is the growth rate of the market during the forecast period?
   The market is projected to grow at a CAGR of 25.20% from 2025 to 2033.

4. Which region dominates the Electric Scooter and Motorcycles Market?
   Asia-Pacific is the dominant region in the market.

5. Which region is the fastest-growing in the Electric Scooter and Motorcycles Market?
   Europe is the fastest-growing region.