North America Electric Scooters and Motorcycles Market by Component, Application Areas, Project Size, Development, Growth, and Demand Forecast, 2015–2024

P&S Intelligence North America Electric Scooters and Motorcycles Market The North American electric scooters and motorcycles market is likely to reach $675.7 million by 2024, with a CAGR of 28.4%, according to P&S Intelligence.North American electric scooters and motorcycles market Emergence of electric scooter sharing fleet, government policies and incentives, development in battery technology, and low maintenance cost are the key factors driving the growth of the market. Emergence of electric scooter sharing fleet is responsible for the growth of the North American electric scooters and motorcycles market. Many new sharing service providers have started to deploy electric scooters and kick scooters in their fleet. Further, the availability of smart charging stations and application of these vehicles in food and beverages delivery services are opening up new opportunity for the growth in the market.

P&S Intelligence North America Electric Scooters and Motorcycles Market High purchase cost of the vehicle is a major restraining factor in the market The main reason for causing hinderance in the growth of the North American electric scooters and motorcycles market is the excessive cost of the product. Electric motorcycles purchase price start at around $10,000 and increase steeply from there. Energica Motor Company S.p.A. offers its electric motorcycles ranging from $20,900 to $22,600. Also, electric motorcycle model LS-218, which has variants depending on battery capacity, costs around $38,890. High cost of battery, which accounts for around 50% of the vehicle cost, is the major factor that makes these vehicles expensive. The U.S. stands as larger market for electric scooters and motorcycles in North America The U.S. was larger market for these vehicles, in terms of volume, contributing close to 85% share to the North American electric scooters and motorcycles market in Factors driving the growth of the market in the U.S. are faster adoption of electric vehicles (EVs) in the country, support by the government in form of financial and non-financial incentives for the procurement of these vehicles, and high commuter base.

P&S Intelligence North America Electric Scooters and Motorcycles Market The research offers market size of the North America electric scooters and motorcycles market for the period 2015–2024. Market Segmentation by Type Motorcycle Scooter Kick Scooter Market Segmentation by Battery Capacity <5 kWh 5–10 kWh 10–15 kWh >15 kWh Market Segmentation by Battery Lead Acid Li-Ion Market Segmentation by Application Sharing Services Food & Grocery Personal Users

P&S Intelligence North America Electric Scooters and Motorcycles Market North America Electric Scooters and Motorcycles Market Competitive landscape The major players operating in the market are KTM North America Inc., Razor USA LLC, Segway Inc., TORROT ELECTRIC EUROPA S.A., Zero Motorcycles Inc., Mahindra GenZe, Energica Motor Company S.p.A., and Alta Motors. Request to Get the Sample electric-scooters-and-motorcycles-market/report-samplehttps:// electric-scooters-and-motorcycles-market/report-sample

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