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APAC Electric Motorcycles & Scooters Market to grow at 3.5% CAGR from 2020 to 20

Asia Pacific electric motorcycles and scooters market outlook is likely to feature considerable growth through 2026 with environmental concerns particularly regarding the increasing degree of air pollution spiraling. The high penetration of urbanization across Indian, Japanese, and Chinese cities is responsible for the alarming problem of air quality deterioration.

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APAC Electric Motorcycles & Scooters Market to grow at 3.5% CAGR from 2020 to 20

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  1. APAC Electric Motorcycles & Scooters Market to grow at 3.5% CAGR from 2020 to 2026: Graphical Research ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  2. Asia Pacific electric motorcycles and scooters market outlook is likely to feature considerable growth through 2026 with environmental concerns particularly regarding the increasing degree of air pollution spiraling. The high penetration of urbanization across Indian, Japanese, and Chinese cities is responsible for the alarming problem of air quality deterioration. Thanks to the augmenting awareness pertaining to the adoption of alternate fuels, APAC electric motorcycles & scooters industry size is anticipated to cross USD 39 billion by 2026. As Asian governments have been offering subsidies for promoting electric vehicle (EV) adoption, the region is surfacing as the fastest growing market for electric vehicles. For instance, during March 2019, the Government of India declared its plan to implement its FAME II scheme for accelerating EV manufacturing in the nation. Although during 2020 the electric motorcycles & scooters industry in Asia Pacific witnessed a sluggish growth, the recovery of multiple regions is likely to revive demand through the next few months. The disruption in supply-chain of raw materials and components evidently had a negative impact on the automobile sector. Notwithstanding the aftereffects of these challenges, the sector is regaining strength in the wake of COVID-19 vaccination drives across Asian countries. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  3. Get sample copy of this research report @ https://bit.ly/3t6wAEO China electric motorcycles & scooters market size is likely to grow considerably through the next five years, thanks to the multiplicity of vendors in the country. Numerous large and small manufacturers including Guewer, Evoke Motorcycles, Mac International, Sunra, and Bafang are planning to strengthen their product portfolios. With the International Energy Agency (IEA) planning to deploy more than 400 million electric two-wheelers on roads by 2030, China is estimated to represent over 70% of the regional sales. The Chinese consumers are exhibiting a growing inclination toward the electric-powered motorbikes, marking a shift from conventional gas-powered vehicles to more sustainable solutions. Asian food outlets, restaurants offering doorstep deliveries, and other catering services are making the most of high-performance scooters. As electric scooters are easy to maneuver, they can ensure faster food delivery. Even regional police departments have started using electric motorbikes and scooters for patrolling public areas efficiently. Harley Davidson, Hero Eco, Lightning Motorcycles, Honda Motors, Zero Motorcycles, KTM AG, Mahindra GenZe, and BMW AG are some leading electric scooter and motorcycle manufacturers in Asia Pacific. Request for customization @ https://bit.ly/3GAnoOt ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  4. The lightweight e-scooter industry share is likely to expand significantly through 2026, owing to their lower operating costs and easy maintenance. With several new e-scooters being integrated with GPS and Bluetooth functionalities, they are gaining considerable acclaim amongst Asian millennials particularly. Manufacturers are offering financial assistance in terms of loans and other benefits. For catering to a wider consumer base, companies are introducing electric motorcycles for kids in Asia, apart from new electric scooters for adults. • The EV revolution is picking momentum across India. Several industry players are launching new models to dive deeper into competition. For instance, Honda Benly e-scooter is speculated to debut in the Indian market as ARAI was spotted testing its capabilities recently in June 2021. Similarly, Bengaluru-based EV manufacturer Ather is also speculated to introduce its next offering soon. Likewise, in May 2021, Gurgaon-based startup, Okinawa Scooters, announced its plans to manufacture over 1 million scooters annually. • Segmentation of Asia Pacific Electric Motorcycles & Scooters Market: • Asia Pacific Market, By Product • Motorcycle • Scooters ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  5. Asia Pacific Market, By Battery • SLA • Li-ion • Asia Pacific Market, By Voltage • 26V • 36V • 48V • The above information has been provided for the following countries: • Asia Pacific • China • India • Japan • Australia • Indonesia • Malaysia ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  6. About Graphical Research: Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle. Contact Us: Parikhit B. Corporate sales, Graphical Research Email:sales@graphicalresearch.comWeb: https://www.graphicalresearch.com ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  7. Stay In Touch With Us For: Website: www.graphicalresearch.com Social Media: Assured Quality On-Time Delivery Payment Security Industry Experts ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

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