Electric Motorcycle & Scooters (EMS) Market Size - By Product (Motorcycle, Scooters), By Battery (SLA, Li-ion), By Voltage (24V, 36V, 48V), Growth Prospects, Regional Outlook & Forecast, 2024 - 2032

Electric Motorcycle & Scooters (EMS) Market Size - By Product (Motorcycle, Scooters), By Battery (SLA, Li-ion), By Voltage (24V, 36V, 48V), Growth Prospects, Regional Outlook & Forecast, 2024 - 2032

Electric Motorcycle & Scooters (EMS) Market size is estimated to register over 5% CAGR from 2024 to 2032, driven by increasing environmental concerns and the global push towards sustainable transportation solutions. EMS, due to their zero-emission nature, assist in reducing air pollution and greenhouse gas emissions. Moreover, government initiatives and incentives are helping in promoting electric mobility, such as tax incentives, subsidies, and infrastructure development. For instance, in February 2024, Revolt Motors, an Indian e-mobility company, released its new RV400 BRZ motorcycle to broaden the accessibility of its products to a wider audience.

The development of high-performance lithium-ion batteries has led to improved energy storage capacity, longer driving ranges, and shorter charging times for electric motorcycles and scooters. As battery technologies continues to evolve, manufacturers are offering more efficient and affordable EMS models, enhancing their appeal to a wider consumer base. Furthermore, the rising fuel prices and the growing preference for cost-effective transportation options will drive the product adoption.

The EMS industry is classified into product, battery, voltage and region.

Based on product, the market value from the motorcycle segment is anticipated to witness substantial growth through 2032, as it is a popular mode of transportation in many regions, especially in urban areas where traffic congestion is a major concern. The transition to electric motorcycles is offering an attractive solution for commuters seeking efficient and eco- friendly transportation options. Moreover, electric motorcycles offer comparable performance to their traditional counterparts while providing lower operating costs and reduced maintenance requirements.

In terms of battery, the EMS market from the SLA segment will generate notable revenue during 2024-2032, due to compatibility with a wide range of EVs, including motorcycles and scooters. SLA batteries offer affordability, reliability, and a proven track record in the automotive industry. These batteries are also well-suited for urban commuting and short-distance travel, making them an ideal choice for electric motorcycles and scooters targeted at urban commuters. Relatively low cost compared to other battery types will also favor the segment growth.

North America electric motorcycle & scooters industry is slated to depict a significant growth rate through 2032, favored by stringent emissions regulations and an increasing focus on sustainability. The growing consumer awareness regarding the environmental impacts of traditional transportation fuels has led to the shift towards cleaner alternatives. Moreover, advancements in battery technologies coupled with government incentives and infrastructure development initiatives will further stimulate the regional market growth.