North America Electric Scooters and Motorcycles Market Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 23.49% (2024-2032)
Market Size in 2023: USD 420.9 Million
Market Forecast in 2032: USD 2,811.2 Million
According to the latest report by IMARC Group, the North America electric scooters and motorcycles market size reached USD 420.9 Million in 2023. Looking forward, IMARC Group expects the market to reach USD 2,811.2 Million by 2032, exhibiting a growth rate (CAGR) of 23.49% during 2024-2032. The market is witnessing rising environmental awareness and the increasing demand for efficient, eco-friendly urban transportation.
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North America Electric Scooters and Motorcycles Industry Trends and Drivers:
Growth of Electric Two-Wheeler Market in North America
- Governments are implementing stricter emission regulations and promoting sustainable transportation.
- Electric two-wheelers are emerging as a solution to reduce carbon emissions and traffic congestion.
- Consumers are increasingly seeking affordable, energy-efficient transportation alternatives.
- Electric scooters and motorcycles provide a cost-effective option compared to traditional fuel-powered models.
Advancements in Battery Technology
- Improvements in battery technology are enhancing vehicle range and reducing charging times.
- These advancements make electric two-wheelers more practical for daily commuting.
Shift Towards Sustainable Mobility
- Growing emphasis on reducing fossil fuel dependency and improving air quality.
- Electric scooters and motorcycles offer a cleaner, greener option for urban transportation.
- Regulatory incentives like tax benefits and subsidies are encouraging electric vehicle (EV) adoption.
- Rising gasoline prices and higher maintenance costs for combustion engine vehicles make electric options attractive.
Technological Innovation
- Manufacturers are integrating advanced features like connected technologies, mobile apps, and smart charging solutions.
- These innovations enhance convenience and meet the demand for tech-savvy, environmentally friendly vehicles.
- Lightweight designs and improved battery efficiency allow electric scooters and motorcycles to achieve longer ranges and better performance, suitable for both short commutes and long trips.
Expanding Electric Vehicle Infrastructure
- Public charging station installations are expanding the electric vehicle infrastructure.
- Improved charging networks increase consumer confidence in the practicality of electric two-wheelers.
Growing Popularity of Ride-Sharing and Rental Services
- Ride-sharing and rental services for electric scooters are gaining popularity, particularly in urban areas.
- These services are driving the adoption of electric two-wheelers.
North America Electric Scooters and Motorcycles Industry Segmentation:
The report has segmented the market into the following categories:
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
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: 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.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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