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North America Electric Scooters and Motorcycles Market Overview 2024-2032
The latest report by IMARC Group, titled “North America Electric Scooters and Motorcycles Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032“, offers a comprehensive analysis of the industry, which comprises insights on the market share. The North America electric scooters and motorcycles market size reached US$ 420.9 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 2,811.2 Million by 2032, exhibiting a growth rate (CAGR) of 23.49% during 2024-2032.
Electric scooters and motorcycles are two-wheeled vehicles powered by electric motors rather than internal combustion engines. These vehicles are equipped with rechargeable batteries, typically lithium-ion, which supply the necessary power to the electric motor. Electric scooters, often designed for urban commuting, are lightweight, compact, and easy to maneuver, making them ideal for short-distance travel and congested city environments. They come in various styles, ranging from simple, foldable models to more robust designs with advanced features like digital displays, smartphone connectivity, and enhanced suspension systems. On the other hand, electric motorcycles are built for a broader range of uses, including long-distance travel, sports, and off-road adventures. They are engineered to deliver high performance, with features such as powerful motors, extended battery life, and regenerative braking systems that enhance efficiency. Electric motorcycles are available in various configurations, from lightweight commuter bikes to high-performance sports models capable of reaching impressive speeds.
North America Electric Scooters and Motorcycles Market Trends and Drivers:
The North American electric scooters and motorcycles market is experiencing significant growth due to several driving factors and emerging trends. The increasing emphasis on sustainable and eco-friendly transportation solutions, driven by concerns about air pollution and the environmental impact of fossil fuels, is a major driver. Government incentives, such as tax credits and subsidies, also play a crucial role in boosting market growth. Advancements in battery technology have led to more efficient, long-lasting, and cost-effective batteries, resulting in extended travel ranges and shorter charging times. The expanding network of EV charging stations in North America further encourages adoption. Additionally, urbanization and the trend of micro-mobility solutions contribute to the market growth, offering an efficient mode of transportation for urban dwellers. The rise of shared mobility services and continuous innovation in the design and features of electric scooters and motorcycles are also shaping the market, making these vehicles more appealing to a broader consumer base, thereby contributing positively to the market growth.
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North America Electric Scooters and Motorcycles Market 2024-2032 Analysis and Segmentation:
Top key players covered in this report:
- 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.
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 (2018-2023)
- Market Outlook (2024- 2032)
- 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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