Europe Electric Motorcycles & Scooters Market Size to Grow Considerably Through 2026

September 14, 2021

According to the business intelligence report titled ‘Europe Electric Motorcycles & Scooters Market Forecast 2026 By Voltage, By Product, By Battery, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with Market Study Report, Europe electric motorcycles & scooters market is speculated to witness significant expansion between 2021-2026.

Increasing government support for adoption of electric vehicles in the form of grants & subsidies is majorly driving Europe electric motorcycles & scooters market growth. Moreover, rising consumer inclination towards EVs due to minimized costs and reduced carbon emissions along with growing purchasing power the population are enhancing the revenue inflow.

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Notably, the EU is aiming to decrease carbon emissions in the transportation sector by 60% by 2050, which in turn, has prompted leading manufacturers to launch new, high technology models, diversify their product offerings, and expand their geographical reach presence.

Furthermore, scooter sharing companies such as Uber Technologies Inc., and Lyft Inc. are undertaking mergers & acquisitions and collaboration deals with startups to enhance their services offerings. Citing an example, in April 2018, Uber Technologies Inc announced the acquisition of JUMP, a bike sharing startup for USD 200 million to its presence in the UE.

Based on voltage, Europe electric motorcycles & scooter industry size from 36V segment is slated to register substantial growth between 2021-2026. Increasing deployment of 36V-rated batteries in motorcycles and scooters is attributable to their light weight as they have lesser cells as compared to other options.

As per battery type, SLA market segment is anticipated to witness rapid augmentation between 2021-2026 due to availability of these batteries in multiple voltage configurations across numerous models, their characteristics like high reliability & safety in cases of overcharging, and affordable pricing.

Speaking of country-wise fragmentation, U.K, France, Germany, Italy, Poland, Spain, Netherlands, Belgium, Czech Republic, and Austria are the major economies contributing to the industry share.

Key players profiled in Europe electric motorcycles & scooter market report are AIMA Technology Group Co. Ltd., Amego Electric Vehicles Inc., Ampere Vehicles Pvt. Ltd., Volvo Construction Equipment, Vmoto Ltd., Govecs Group, Harley-Davidson Inc., Dongguan Tailing Electric Vehicle Co. Ltd., Suzuki Motor Corporation, Sunra (Jiangsu Xinri E-Vehicle Co. Ltd), Mahindra GenZe, Shandong Incalcu Electric Vehicle Co. Ltd, Zero Motorcycles Inc.,  Z Electric Vehicle Corporation, and Yamaha Motor Co. Ltd. among others.

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