North America Electric Scooters and Motorcycles Market Overview 2023-2028
The North America electric scooters and motorcycles market size reached US$ 334 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,390 Million by 2028, exhibiting a growth rate (CAGR) of 26.1% during 2023-2028.
Electric scooters and motorcycles are two-wheeled vehicles powered by electric motors and batteries and are designed to provide a clean and energy-efficient means of transportation. They are lightweight, compact, and often designed for short-distance travel within city limits. They are popular for their ease of use and storage, making them a favored choice for urban commuters. They also come in various styles, from sporty to cruiser, catering to a broader audience, including enthusiasts and long-distance riders. They are integrated with various safety aspects, which include the design of the vehicle, helmet laws, and rider education. They must meet safety standards and regulations to protect riders and other road users. They contribute to reducing greenhouse gas emissions and air pollution, playing a pivotal role in combatting climate change and improving air quality. They have lower operating costs than gasoline-powered vehicles. They also require less maintenance compared to traditional motorcycles.
North America Electric Scooters and Motorcycles Market Trends and Drivers:
At present, the increasing adoption of sustainable and eco-friendly transportation solutions as a cleaner alternative to traditional internal combustion engine vehicles represents one of the crucial factors impelling the growth of the market in North America. Besides this, the rising adoption of regulatory measures and incentives aimed at reducing emissions and promoting electric mobility is contributing to the market growth in the region. In addition, the growing technological advancements and innovation in battery technology leading to increased energy density and extended range capabilities for two-wheelers are offering a favorable market outlook. Moreover, cities in the region are grappling with overburdened transportation infrastructure, leading to a rise in the popularity of micro-mobility solutions. Electric scooters, in particular, offer an efficient and convenient means of navigating through crowded urban areas, reducing travel times and alleviating traffic congestion. Additionally, the increasing demand for connected vehicles with smart features is encouraging manufacturers to develop electric scooters and motorcycles that cater to these preferences. The convergence of electric mobility with the internet of things (IoT) is enabling the integration of features like global positioning systems (GPS) navigation, remote diagnostics, and smartphone connectivity, enhancing the appeal of electric scooters and motorcycles.
North America Electric Scooters and Motorcycles Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are:
Cake 0 Emission AB, Energica Motor Company S.p.A. (Ideanomics Inc.), KTM North America Inc. (KTM Sportmotorcycle GmbH), Lightning Motors Corporation, Razor USA LLC, Segway Inc., Zero Motorcycles Inc., etc.
The report segmented the market on the basis of region, vehicle type, battery type, battery capacity, and usage.
Breakup by Vehicle Type:
- E-scooter
- E-motorcycle
Breakup by Battery Type:
- Lithium-ion
Breakup by Battery Capacity:
- <5 kWh
- 5-10 kWh
- 10-15 kWh
- >15 kWh
Breakup by Usage:
- Commercial
- Private
Breakup by Region:
- United States
- Canada
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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