Published: March 2021 | Report Code: AT11194 | Available Format: PDF | Pages: 108
The North American electric scooters and motorcycles market valued $164.7 million in 2020, and it is expected to reach $590.4 million by 2025, at a CAGR of 25.1% during the forecast period (2021–2025). The major factors responsible for the growth of the market include the emergence of electric scooter sharing fleets, government incentives and tax credits for their adoption, and low maintenance nature of electric scooters and motorcycles.
However, the current COVID-19 pandemic has negatively impacted the electric two-wheelers market in North America. In the wake of its outbreak, electric scooter and motorcycle production came to a grinding halt, and sales were severely impacted on account of the supply chain disruption. Moreover, the lockdown increased the unemployment rate across North America, compelling people to think twice before making any hefty purchase.
The electric kick scooter category dominated the North American electric scooters and motorcycles market in 2020, on the basis of type. Due to their low prices, low maintenance requirements, and user-friendly characteristics, the category is expected to continue holding the largest market share, in terms of volume, in the coming years. The market in this category is being majorly benefitted by the increasing usage of these vehicles in sharing services.
In the North American electric scooters and motorcycles market, the >15 kilowatt-hours (kWh) battery capacity category is expected to witness the fastest growth in the coming years. This can be attributed to the rising demand for high-speed and long-range electric motorcycles in the region.
The sharing service category, on the basis of application, is expected to continue to dominate the North American electric scooters and motorcycles market during the forecast period. Solving the last-mile commuting problem for people, sharing services eliminate the hassles of owning and maintaining vehicles, thereby offering easy and cost-effective commute for short distances.
Electric scooters and motorcycles with Li-ion batteries dominated the market during the historical period (2015–2020), and it is further expected to dominate the market during the forecast period. The falling cost of Li-ion batteries and their significant advantages, including a longer life and lower weight as compared to lead–acid batteries, are boosting the demand for these batteries.
The U.S. held the larger share, in terms of value, in the North American electric scooters and motorcycles market in 2020. This can be attributed to the rising adoption of electric vehicles in the country and support of the government, through incentives and rebates, to reduce the carbon emissions from fuel-based vehicles.
Developments in the battery technology are a key trend in the overall electric two-wheeler market. Significant efforts to reduce the price and increase the capacity of batteries, to meet the demand for a longer driving range, have been made in recent years. Moreover, manufacturers of electric scooters and motorcycles are consistently aiming on procuring batteries that have higher energy density and lower reliance on cobalt, which is an expensive raw material, to increase the operational efficiency of these batteries and lower their cost, respectively.
Consisting of fewer vibrating and moving parts, electric scooters and motorcycles require low maintenance. This reduces the need for periodic servicing, which costs the owners of traditional vehicles a significant amount. Since electric scooters and motorcycles are low-maintenance alternatives to the traditional ones, they have attracted the interest of people who don’t have the extra time for routine vehicle servicing and maintenance.
With the aim to reduce greenhouse gas (GHG) emissions, governments in the region have been offering significant support through the provision of incentives and tax rebates on the purchase of electric scooters and motorcycles for quite some time. With the rising air pollution levels in the region, the U.S. being the second-largest GHG emitter after China, government authorities are strongly focusing on the adoption of a green transportation system that does not contribute to a further aggravation of the existing pollution problem.
|Base Year (2020) Market Size||$164.7 Million|
|Forecast Period CAGR||25.1%|
|Report Coverage||Market Trends, Revenue Estimation and Forecast, Regulatory Landscape, Segmentation Analysis, Regional and Country Breakdown, Market Share Analysis, Companies’ Strategic Developments, Impact of COVID-19, Company Profiling|
|Market Size by Segments||Type, Battery Capacity, Battery, Application|
|Market Size of Geographies||U.S., Canada|
|Secondary Sources and References (Partial List)||American Motorcyclist Association (AMA), Electric Drive Transportation Association (EDTA), Electric Vehicles Initiative (EVI), Ministry of Transportation of Ontario (MTO), Motorcycle Industry Council (MIC), National Association of City Transportation Officials (NACTO), National Highway Traffic Safety Administration (NHTSA), Specialty-Use Vehicle Incentive (SUVI), World Electric Vehicle Association (WEVA)|
The North American electric scooters and motorcycles market is highly consolidated, where the top four players accounted for the majority of the share in 2020. In recent years, players in the North American electric scooters and motorcycles market have engaged in numerous strategic developments to remain competitive.
The North American electric scooters and motorcycles market report offers comprehensive market segmentation analysis along with market estimation for the period 2015-2025.
Based on Type
Based on Battery Capacity
Based on Battery
Based on Application
The North American electric scooters and motorcycles market is set to grow from $164.7 million in 2020 to $590.4 million by 2025.
The electric motorcycle category will witness the fastest growth in the type segment of the North American electric scooters and motorcycles industry.
Most North American electric scooters and motorcycles market end users prefer Li-ion batteries.
The North American electric scooters and motorcycles industry is consolidated because the major share is held by only four players.
North American electric scooters and motorcycles market players are launching new products for higher revenue.
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