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DUBLIN, Jan. 21, 2021 /PRNewswire/ -- The "Global Electric Scooter and Motorcycle Market by Vehicle Type (e-Scooter/Moped, e-Motorcycle), Battery (Sealed Lead Acid, Li-Ion), Distance Covered, Voltage (36V, 48V, 60V, 72V), Technology (Plug-in, Battery), Vehicle Class, and Region - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering. The global electric scooter and motorcycle market size is projected to reach 5,948 thousand units by 2027, from an estimated 861 thousand units in 2020, at a CAGR of 31.8%.Governments are supporting electric two-wheelers through subsidies & tax rebates and by building charging infrastructure with the help of OEMs, which is compelling two-wheeler OEMs to explore beyond the use of conventional internal combustion engines (ICE) in two-wheelers.Increased demand for efficient and eco-friendly vehicles will boost the electric scooter and motorcycle market. Consumers from developing countries are already feeling the heat of the increasing cost of petrol. Electrical two-wheelers will run on electricity, which is expected to reduce the operating cost of these vehicles. However, the lack of charging infrastructure creates a hurdle for the growth of the electric scooter and motorcycle market. To make the electric two-wheeler market grow, a large charging infrastructure network is needed so that users could cover long distances without bothering about searching for a charging station.However, COVID-19 pandemic is expected to have a slight impact on the electric scooter and motorcycle market. Both the production and sales of new rail vehicles have come to a halt across the globe as the whole ecosystem has been disrupted. OEMs had to wait until lockdowns were lifted to resume production, which affected their business.Post pandemic, the demand for two-wheelers might increase, as people will avoid public transport, preferring private vehicles to avoid crowds. In addition, component manufacturing is also suspended, and small Tier II and Tier III manufacturers could face liquidity issues. The automotive industry is capital-intensive and relies on frequent financing to continue operations. Thus, the production suspension during the outbreak and lower demand post the pandemic will have an unprecedented impact on electric scooter and motorcycle providers.The 48V segment is expected to be the largest voltage segment over the forecast periodThe 48V segment is larger due to its extensive usage in electric scooters/mopeds, as it provides a better range per charge compared to 36V in low-speed electric scooter applications. Players such as Hero Electric and Okinawa have experienced huge growth in the 48V segment. It is estimated that the 72V segment will grow at a higher rate than other segments due to its higher energy efficiency and increasing demand for high-performance electric scooters and electric motorcycles.Economy segment is expected to be the largest vehicle class segment during the forecast periodThe economy class segment is projected to be the larger segment in the electric scooter and motorcycle market during the forecast period due to the less initial price as compared with the luxury segment and growing demand for affordable commuting. These kinds of electric scooters and motorcycles sell mostly in developing countries as an affordable alternative to other commuting options such as public transport buses and trains. Several well-established two-wheeler manufacturers have entered the Economic segment. For instance, companies such as Hero Electric, Pure EV, Okinawa, Ampere, TVS cater to the economy segment in the Indian market. Similarly, the Chinese market is dominated by such two-wheelers manufactured by Yadea, Jiangsu Xinri, and Luyuan.Sealed Lead Acid segment is expected to be the largest battery segment over the forecast periodThe sealed lead acid battery is one of the earliest types of rechargeable battery, and it consists of lead peroxide and sponge lead that convert chemical energy into electrical energy. Low cost, delivery of high currents, and low internal impedance are some advantages of lead acid batteries. Asia Pacific is expected to lead the lead acid segment of the electric scooter and motorcycle market during the forecast period. Asia Pacific is dominated by affordable electric scooters/mopeds. Hence, lead acid batteries are being used by many Asian manufacturers to keep the pricing on the lower side. For instance, Hero Electric and Ampere Vehicles have been offering electric scooters with Li-ion as well as lead acid battery options in the Indian market. Key Topics Covered: 1 Introduction2 Research Methodology3 Executive Summary4 Premium Insights4.1 Attractive Opportunities in the Electric Scooter and Motorcycle Market4.2 Electric Scooter and Motorcycle Market Growth Rate, by Region4.3 Electric Scooter and Motorcycle Market, by Vehicle Type4.4 Electric Scooter and Motorcycle Market, by Battery Type4.5 Electric Scooter and Motorcycle Market, by Distance Covered4.6 Electric Scooter and Motorcycle Market, by Voltage4.7 Electric Scooter and Motorcycle Market, by Technology4.8 Electric Scooter and Motorcycle Market, by Vehicle Class5 Market Overview5.1 Introduction5.2 Market Dynamics5.2.1 Drivers5.2.1.1 Low Operating and Maintenance Costs5.2.1.2 Government Incentives and Subsidies5.2.1.3 Advancements in Battery Technologies5.2.2 Restraints5.2.2.1 Lack of Charging Infrastructure5.2.2.2 Lack of Power Output and Limited Range5.2.3 Opportunities5.2.3.1 Government Bodies Backing Electric Two-Wheelers5.2.3.2 Established Players Yet to Enter the Market5.2.3.3 Decreasing Prices of Batteries5.2.3.4 New Revenue Pockets in Asia-Pacific and Europe5.2.4 Challenges5.2.4.1 Design and Performance Standards5.2.4.2 Initial Investments and High Cost of Electricity5.2.4.3 Lack of Compatibility, Interchangeability, and Standardization5.3 Porter's Five Forces5.3.1 Threat of Substitutes5.3.2 Rivalry Among Existing Competitors5.3.3 Bargaining Power of Buyers5.3.4 Threat of New Entrants5.3.5 Bargaining Power of Suppliers5.4 Electric Scooter and Motorcycle Market Ecosystem5.5 Supply Chain Analysis5.5.1 Electric Charging Infrastructure Providers5.5.2 Tier I Suppliers5.5.3 OEMs5.5.4 End-users5.6 Tariff and Regulatory Overview5.6.1 India5.6.2 China5.6.3 France5.6.4 Germany5.6.5 Spain5.6.6 Austria5.6.7 US5.7 Patent Analysis5.8 Case Study Analysis5.9 Average Selling Price5.10 Technology Analysis5.11 COVID-19 Impact Analysis5.12 COVID-19 Health Assessment5.13 Electric Scooter and Motorcycle Market, Scenarios (2020-2027)6 Electric Scooter and Motorcycle Market, by Vehicle Type6.1 Introduction6.2 Operational Data6.2.1 Assumptions6.2.2 Research Methodology6.3 e-Scooter/Moped6.3.1 Rise in Demand for Energy-Efficient Modes of Commuting to Boost the Market6.4 e-Motorcycle6.4.1 Increase in Demand for Performance Electric Two-Wheelers to Drive the e-Motorcycle Segment6.5 Key Primary Insights7 Electric Scooter and Motorcycle Market, by Battery Type7.1 Introduction7.2 Operational Data7.2.1 Assumptions7.2.2 Research Methodology7.3 Sealed Lead Acid7.3.1 Low Cost of Lead Acid Battery is the Major Reason for Its Usage7.4 Lithium-Ion7.4.1 Asia-Pacific Will Lead the Lithium-Ion Battery Segment due to Their Growing Usage in Modern Electric Two-Wheelers7.5 Key Primary Insights8 Electric Scooter and Motorcycle Market, by Distance Covered8.1 Introduction8.2 Operational Data8.2.1 Assumptions8.2.2 Research Methodology8.3 Below 75 Miles8.3.1 Asia-Pacific is Dominated by Electric Scooters/Mopeds with Below 75 Miles Range8.4 75-100 Miles8.4.1 Improved Battery Performance to Enhance the Range of Electric Two-Wheelers8.5 Above 100 Miles8.5.1 Innovation in Technologies Will Boost the Demand8.6 Key Primary Insights9 Electric Scooter and Motorcycle Market, by Voltage Type9.1 Introduction9.2 Operational Data9.2.1 Assumptions9.2.2 Research Methodology9.3 36V9.3.1 Increase in Demand for Energy-Efficient Daily Commuting to Boost the Electric Scooter and Motorcycle Market9.4 48V9.4.1 More Practical Usage of 48V Battery Than 36V to Drive the Segment in Future9.5 60V9.5.1 Manufacturers Have Recognized the Need for Optimum Performance and Enhanced Range9.6 72V9.6.1 Recent Developments in Batteries and Growing Demand for Performance to Change the Scenario in Future9.7 Key Primary Insights10 Electric Scooter and Motorcycle Market, by Technology Type10.1 Introduction10.2 Operational Data10.2.1 Assumptions10.2.2 Research Methodology10.3 Plug-In10.3.1 Manufacturers Have Started Providing Fast Charging Stations for Plug-In Electric Two-Wheelers10.4 Battery10.4.1 Advancements in Battery to Boost the Segment in Future10.5 Key Primary Insights11 Electric Scooter and Motorcycle Market, by Vehicle Class11.1 Introduction11.2 Operational Data11.2.1 Assumptions11.2.2 Research Methodology11.3 Economy Class11.4 Luxurious/Premium Class11.5 Key Primary Insights12 Electric Scooter and Motorcycle Market, by Region12.1 Introduction12.2 Asia-Pacific12.3 Europe12.4 North America13 Competitive Landscape13.1 Overview13.2 Market Evaluation Framework13.3 Market Share Analysis for Electric Scooter and Motorcycle Market13.4 Ranking Analysis for Electric Scooter and Motorcycle Market13.5 Market Share of Top Indian Players in the Indian Electric Scooter and Motorcycle Market13.6 Battery Suppliers of Key Players in the Indian Electric Scooter and Motorcycle Market13.7 Competitive Scenario13.7.1 New Product Launches13.7.2 Mergers & Acquisitions13.7.3 Partnerships/Collaborations/ Joint Ventures/License Agreements13.7.4 Expansions13.8 Competitive Leadership Mapping (Major Established Players)13.8.1 Stars13.8.2 Emerging Leaders13.8.3 Pervasive Players13.8.4 Participants13.9 Strength of Product Portfolio13.1 Business Strategy Excellence13.11 SME Competitive Leadership Mapping (Start-Up/SME/Emerging Companies)13.11.1 Progressive Company13.11.2 Responsive Companies13.11.3 Dynamic Companies13.11.4 Starting Blocks13.12 Winners Vs. Tail-Enders14 Company Profiles14.1 Yadea Group Holding Ltd.14.2 Jiangsu Xinri e-Vehicle Co. Ltd.14.3 Niu International14.4 Silence Urban Ecomobility14.5 Hero Electric14.6 Vmoto Limited14.7 Energica Motor Company14.8 Zhejiang Luyuan Electric Vehicle Co. Ltd.14.9 Askoll14.1 GOVECS14.11 Gogoro14.12 Okinawa Autotech Pvt. Ltd.14.13 Other Key Players14.13.1 North America14.13.1.1 Zero Motorcycles14.13.1.2 Z Electric Vehicle14.13.1.3 Harley Davidson14.13.2 Europe14.13.2.1 Eezeta14.13.2.2 Johammer e-Mobility GmbH14.13.2.3 Piaggio Group14.13.2.4 KTM AG14.13.2.5 BMW Group14.13.3 Asia14.13.3.1 Ather Energy14.13.3.2 Aima Technology Group Co. Ltd.14.13.3.3 Honda Motor Co. Ltd.14.13.3.4 Ampere Vehicles14.13.3.5 Dongguan Tailing Electric Vehicle Co. Ltd.14.13.3.6 Terra Motors Corporation14.13.3.7 Shandong Incalcu Electric Vehicle Co. Ltd.14.13.3.8 Avan Motors India14.13.3.9 Avon Cycles14.13.3.10 Emflux Motors14.13.3.11 TVS Motor Company14.13.3.12 Bajaj Auto Ltd.14.13.3.13 Mahindra & Mahindra15 Analyst's Recommendations15.1 Japan, Korea, and India Emerging as Promising Alternatives to China for Supply of Components15.2 India and Other Emerging Markets Can be Key Focus Area for Manufacturers15.3 Conclusion16 Appendix16.1 Key Insights of Industry Experts16.2 Discussion Guide16.3 Knowledge Store: The Subscription Portal16.4 Available Customizations For more information about this report visit https://www.researchandmarkets.com/r/n1rc2 Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. 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Answer: Global Electric Scooter and Motorcycle Market (2020 to 2027) - Decreasing Prices of Batteries Presents Opportunities