Sales of Electric Motorcycles and Scooters Will Reach 6 Million Annually by 2023, Forecasts Navigant Research | Business Wire

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BOULDER, Colo.–()–The market for power two-wheel (PTW) vehicles, which includes electric

motorcycles (e-motorcycles) and electric scooters (e-scooters), has

grown slowly in recent years. Although sales volumes in the next couple

of years are likely to remain low, due to continued high costs for

components and low levels of demand, this market is poised for growth

after 2015, as consumer markets continue to expand, new competitors

enter the market, and suppliers increase capabilities.

to tweet: According to a new report from

“Consumers are seeking refuge from higher gasoline prices, electric

two-wheel vehicles are growing more mature, and cities are becoming

increasingly congested with traffic,” says John Gartner, research

director with Navigant Research. “All of these factors will contribute

to growing demand for power two-wheel vehicles — particularly

high-powered e-motorcycles.”

The market for e-motorcycles and e-scooters is led by China, where the

majority of these vehicles are sold. According to the report, however,

policies limiting urban traffic in China indicate reduced sales in that

country. E-motorcycle manufacturers in North America and Europe will

address the market challenges by improving product quality and expanding

their distribution channels. Navigant Research forecasts that sales of

e-motorcycles and e-scooters in these two regions will expand at a

[/embed] growth rate (CAGR) of more than 30 percent through 2023.

The report,

Motorcycles and Scooters”, examines the global markets for

high-powered and low-powered e-motorcycles, e-scooters, and the related

battery technologies. The report provides an analysis of the market

drivers and barriers and key technology issues related to e-PTWs, as

well as the impact of government influence. Global forecasts for e-PTWs

and the batteries used in the vehicles, segmented by region, technology,

and internal combustion engine (ICE) motor size equivalent, extend

through 2023. The report also examines the market for gasoline

motorcycles and scooters, battery market issues, the effect of electric

vehicle (EV) charging equipment, and the major industry players. An

Executive Summary of the report is available for free download on the

Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides

market research and benchmarking services for rapidly changing and often

highly regulated industries. In the energy sector, Navigant Research

focuses on in-depth analysis and reporting about global clean technology

markets. The team’s research methodology combines supply-side industry

analysis, end-user primary research and demand assessment, and deep

examination of technology trends to provide a comprehensive view of the

Smart Energy, Smart Utilities, Smart Transportation, and Smart Buildings

sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant is a specialized, global expert services firm dedicated to

assisting clients in creating and protecting value in the face of

critical business risks and opportunities. Through senior level

engagement with clients, Navigant professionals combine technical

expertise in Disputes and Investigations, Economics, Financial Advisory

and Management Consulting, with business pragmatism in the highly

regulated Construction, Energy, Financial Services and Healthcare

industries to support clients in addressing their most critical business

needs. More information about Navigant can be found at www.navigant.com.

* The information contained in this press release concerning the

report, “Electric Motorcycles and Scooters,” is a summary and

reflects Navigant Research’s current expectations based on market data

and trend analysis. Market predictions and expectations are inherently

uncertain and actual results may differ materially from those contained

in this press release or the report. Please refer to the full report for

a complete understanding of the assumptions underlying the report’s

conclusions and the methodologies used to create the report. Neither

Navigant Research nor Navigant undertakes any obligation to update any

of the information contained in this press release or the report.

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