Published Date: 2021-06-07
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APAC Electric Scooters and Motorcycles Market size is predicted to cross USD 39 billion by 2026, according to a latest forecast report by Graphical Research.
The governments are offering large subsidies and taking several initiatives to promote zero-emission vehicles. For instance, in March 2019, the Indian government announced the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) II scheme to support the adoption and manufacturing of electric vehicles in India.
High penetration of electric motorcycles & scooters in China can be attributed to the increasing emphasis of government agencies on the utilization of electric vehicles to curb the growing pollution. Government support in terms of policies and incentives is providing new compact mobility solutions to the urban population. Initiatives, such as tax incentives, loan for manufacturers, and Foreign Direct Investments (FDIs), are proliferating the Asia Pacific electric scooters and motorcycles market over the forecast time frame.
Browse detailed statistical insights from the report, “Asia Pacific Electric Motorcycles & Scooters Market Forecast 2026 By Battery (SLA, Li-ion), By Product (Motorcycles, Scooters), By Voltage (24V, 36V, 48V), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
The market for electric scooters and motorcycles in Asia Pacific witnessed a degrowth due to the spread of the novel Coronavirus disease. The origin and spread of the virus in China impacted the availability of raw materials and components to the global automobile industry. Companies operating in Asia Pacific witnessed several challenges such as disruption in their distribution channels and supply chain due to lockdown restrictions.
Countries in Asia Pacific are gradually shifting their preferences toward electric-powered motorcycles over gas-powered vehicles due to increasing carbon emission concerns. Companies offering food and other delivery services are increasingly adopting high-performance electric scooters, enhancing the product penetration in Asia Pacific. Police departments and government organizations in China are adopting electric motorcycles for patrolling, crowd control, and investigating in public areas. These motorcycles offer high speed, enhanced braking, and lesser noise, allowing police & security to patrol easily.
The APAC electric scooters and motorcycles market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2015 to 2026 for the following segments:
Asia Pacific Market, By Product
Asia Pacific Market, By Battery
Asia Pacific Market, By Voltage
The above information has been provided for the following countries:
The great explorer of the truth, the master-builder of human happiness no one rejects dislikes avoids pleasure itself because it is pleasure but because know who do not those how to pursue pleasures rationally encounter consequences that are extremely painful desires to obtain.
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