Product ID: UCMIG25D2015
Report ID:
UCMIG25D2015 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The Electric Motorcycles & Scooters market, valued at USD 30 billion in 2022, is positioned for steady growth with a projected compound annual growth rate (CAGR) of 5% from 2023 to 2032. This growth is prominently driven by a confluence of factors, including increasing environmental consciousness, rising fuel costs, and advancements in battery technology. Electric motorcycles and scooters have emerged as a compelling alternative to traditional internal combustion engine vehicles, offering lower operational costs, reduced emissions, and quieter operation. The expanding charging infrastructure and supportive government initiatives further bolster their adoption. As consumers seek more sustainable and cost-effective mobility solutions, the electric motorcycles and scooters market is expected to continue its upward trajectory, transforming urban transportation and influencing the broader automotive landscape over the forecast period.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Motorcycle Manufacturers by segment aggregation, the contribution of the Motorcycle Manufacturers in Automobiles & Components and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG25D2015