Europe Electric Scooter and Motorcycle Market to Record 27% CAGR Through 2027

February 15, 2021


According to the research report titled ‘Europe Electric Scooter and Motorcycle Market Analysis, 2020’, available with Market Study Report LLC, Europe electric scooter and motorcycle market size to expand at CAGR of 27% during 2020-2027.
 

Europe electric scooter and motorcycle market growth is driven by implementation of strict emission regulations and stringent government norms on greenhouse emission. As per the report, sales of gasoline-based scooters and motorcycles have been substantially decreased by the introduction of the Euro 4 emission requirements for motorcycles as of January 2016 and for scooters/mopeds as of 2017.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/2822583/
 

The European region has been extremely proactive when it comes to embracing renewable energy sources. Under many global agreements, almost all countries in the region have set goals to minimize carbon emissions in near future.
 

The introduction of electric vehicles (EVs) remains at the forefront of their emissions reduction agenda. In addition to electric vehicles, electric scooters and motorcycles, sales are also growing owing to affordable costs, improved designs, etc. Besides, the inclination of car owners towards electric two-wheelers is also rising on account of traffic congestion.
 

A resident car owner on average spends about 27 hours in a traffic jam on an annual basis in Europe. Therefore, various governments have been running promotional awareness campaigns to encourage clients to buy electric two-wheelers in order to reduce such traffic-related delays augmenting Europe electric scooter and motorcycle industry share. The rising level of registration of electric motorcycles and mopeds is further contributing to the business expansion.
 

Based on product landscape, Europe electric scooter and motorcycle market is split into high-powered motorcycle, low-powered motorcycle, and scooter and motorcycle. The scooters segment held 50% of the overall market share in 2019. Favorable government initiatives like imposition of taxes on internal combustion engine (ICE) and implementation of Euro4 standard.
 

Meanwhile, high-powered motorcycle and low-powered motorcycle segment are expected to gain traction over the coming years.
 

As per power type, the industry is segmented into >15 kW, 6-15 kW, 1.5-5 kW, and <1.5 KW. Elaborating on battery type, the market is categorized into lithium-ion and lead-acid.  Moving on to voltage type, Europe electric scooter and motorcycle market is bifurcated into 72 V, 60 V, 100 V and above, and 48 V.
 

With respect to cooling system, the industry is classified into forced air convection, liquid, and natural convection. In terms of range, Europe electric scooter and motorcycle industry is divided into >150 km, 101-150 km, 50-100 km, and <50 km.
 

Based on battery capacity, the market is split into <2.5 kWh, 2-2.5 kWh, and <2 kWh. Speaking of battery changing mode, the industry is segmented into non-removable and removable. Considering charging time, the market is separated into ,6h, 4-6h, and <4h. Reflecting upon maximum speed, the industry is categorized into >80 km/h, 40-80 km/h, and <40 km/h.
 

Renowned companies impacting Europe electric scooter and motorcycle market dynamics are Kwang Yang Motor Co. Ltd., BMW AG, Zero Motorcycles Inc., Alta Motors, Piaggio & C. SpA, Lightning Motors Corp., Askoll EVA SpA, Niu Technologies, Unu GmbH, Torrot Electric Europa S.A., Gogoro Inc., and Govecs AG.a

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