Abstract
Summary
The global electric scooter and motorcycle market, by value, is estimated to be 4.9 USD Billion in 2023 and is projected to reach 14.7 USD Billion by 2028, at a CAGR of 24.8% from 2023 to 2028. Electric scooter and electric motorcycle market growth would be supported by favourable government policies for electric two-wheelers through subsidies and tax refunds and development towards charging infrastructure in collaboration with OEMs in the near future.
The rising price of gasoline has already an impact on consumers in developing nations. The operational costs of these vehicles will be decreased by electrical two-wheelers. These two-wheelers are more productive than standard models. Electronic systems are more durable than mechanical ones because they malfunction less frequently due to less wear and, logically, friction As a result, compared to vehicles powered by fuel, electric two-wheelers survive longer and as a result have a lower environmental impact during use. Manufacturers are anticipated to create electric motorbikes and scooters with a greater range than the present generation of electric two-wheelers.
“The 60V segment is expected to be the largest voltage segment in the Asia Pacific.”
Over the forecast period, Asia Pacific is anticipated to have the largest and quickest market for the 60V segment. The majority of the electric scooters and motorbikes produced by major manufacturers in the Asia Pacific and around the world use these range of batteries. Key Asian manufacturers such as NIU International (China), Yadea Technology Group Co.,Ltd. (China), Jiangsu Xinri (China), Hero Electric (India), and Okinawa Autotech Internationall Private Limited (India) offer 60V batteries in their latest models. Models such as YADEA A3 mini, YADEA C1S, NIU NQi GTS, NQi Sport, UQi GT, VMOTO VS2, etc., are some of the models equipped with the 60V battery. For instance, In November 2022, Vegh Automobiles have announced the launch of their new electric scooter VEGH S60, their first model in High-Speed Electric Scooters in India powred by 60V. There will be a high demand for batteries in this category of vehicles due to the variety of models available and the requirement for a cost-effective solution.
“Economy segment is expected to be the largest vehicle class segment in Asia Pacfiic during the forecast period.”
The adoption of electric scooters in Asia Pacific is estimated to be larger than in other regions, and North America is projected to grow at a faster rate. Demand from end users in countries such as France and Spain would also increase the adoption of electric scooters in the economy class segment in Europe. On the other hand, China and India represent the most important markets for economy class electric scooters due to the high inclination of the consumers toward low-cost commutes. In Asia Pacific, electric scooters are primarily considered a flexible mode of transport for the daily commute and short-distance traveling. According to industry experts, most electric two-wheelers sold in India and China fall in the range of USD 400 to USD 1400 due to consumer spending patterns and current driving needs. Yadea G5, Hero Nyx LX, Hero Flash LX, Revolt RV 400, Ampere Zeal Li, Vmoto TC, and TS are a few of the models in this category. Thus, the rise in the adoption of economy class vehicles would drive the market for the economy segment.
“Lithium-ion battery is estimated to be the largest battery segment in the forecast period.”
Throughout the forecast period, the lithium-ion segment is anticipated to experience the fastest growth in the market for electric scooters and motorcycles. Manufacturers are working to create electric scooters and motorcycles with cutting-edge lithium-ion batteries For Instance, In February 2023, LML intends to introduce the LML STAR electric scooter in India. The lithium-ion battery inside the electric scooter has a capacity of about 4 kWh. It is a swappable battery. It takes about 4-5 hours to fully charge the battery, which has a range of up to 120 kmph on a single charge. . The limited longevity and useable capacity of lead-acid batteries are predicted to shift attention to lithium-ion batteries and drive the market for electric scooters and motorcycles during the forecast period. In addition to this, lithium-ion batteries are thought to be more environmentally friendly, making them the better option. There is high adoption of lithium ion battery due to decrease in battery prices over last few years.
In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.
• By Company Type: Tier I - 37%, Tier II - 48%, and OEMs - 15%
• By Designation: C Level Executives - 26%, Directors - 42%, and Others - 32%
• By Region: North America - 37%, Europe - 33%, and Asia Pacific - 30%
The electric scooter and motorcycle market comprises major companies such Yadea Technology Group Co.,Ltd. (China), Jiangsu Xinri E-Vehicle Co., Ltd (China), NIU International (China), Hero Electric (India), and Okinawa Autotech Internationall Private Limited (India).
Research Coverage:
The market study covers the electric scooter and motorcycle market size and future growth potential across different segments such as by vehicle type, battery type, distance covered, voltage, technology, vehicle class, by usage and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report:
• The report will help market leaders/new entrants in this market with information on the closest approximations of revenue numbers for the overall electric scooter and motorcycle market and its subsegments.
• This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.
• The report also helps stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of key drivers (Low operating and maintenance costs, Government incentives and subsidies, Advancements in battery technologies, Implementation of Battery Swapping Technology, Rapid Urbanization Fueling Need for Convenient Modes of Transportation), restraints (Lack of charging infrastructure, Lack of power output and limited range, Rising battery heating issues and battery charging time), opportunities (Government bodies backing electric two-wheelers, Decreasing prices of batteries, New revenue pockets in Asia Pacific and Europe, Use of IoT and Smart Infrastructure in Electric Two Wheelers Charging Station for Load Management), and challenges (Initial investments and high cost of electricity, Lack of compatibility, interchangeability, and standardization, Technology Difficulties in Battery)
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the electric scooter and motorcycle market
• Market Development: Comprehensive information about lucrative markets – the report analyses the electric scooter and motorcycle market across varied regions
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the electric scooter and motorcycle market
• Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Yadea Technology Group Co.,Ltd. (China), Jiangsu Xinri E-Vehicle Co., Ltd (China), NIU International (China), Hero Electric (India), and Okinawa Autotech Internationall Private Limited (India), among others in the electric scooter and motorcycle market.
• Strategies: The report also helps stakeholders understand the pulse of the automotive airbags & seatbelts market and provides them information on key market drivers, restraints, challenges, and opportunities.
Table of Contents
1 INTRODUCTION 46
1.1 STUDY OBJECTIVES 46
1.2 MARKET DEFINITION 47
1.2.1 INCLUSIONS AND EXCLUSIONS 49
1.3 MARKET SCOPE 50
1.3.1 YEARS CONSIDERED 51
1.4 CURRENCY CONSIDERED 51
1.5 UNITS CONSIDERED 52
1.6 STAKEHOLDERS 52
1.7 SUMMARY OF CHANGES 52
2 RESEARCH METHODOLOGY 53
2.1 RESEARCH DATA 53
2.1.1 SECONDARY DATA 54
- 2.1.1.1 Key secondary sources 54
- 2.1.1.2 Key data from secondary sources 55
2.1.2 PRIMARY DATA 56
- 2.1.2.1 Key data from primary sources 57
- 2.1.2.2 List of participating companies for primary research 57
- 2.1.2.3 Key industry insights 58
- 2.1.2.4 Major objectives of primary research 59
2.1.3 LIST OF PRIMARY PARTICIPANTS 59
2.2 MARKET ESTIMATION METHODOLOGY 60
2.3 MARKET SIZE ESTIMATION 61
2.3.1 RECESSION IMPACT ANALYSIS 61
2.3.2 BOTTOM-UP APPROACH 61
2.3.3 TOP-DOWN APPROACH 62
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 64
2.5 FACTOR ANALYSIS 65
2.5.1 MARKET GROWTH PROJECTIONS FROM DEMAND-SIDE DRIVERS AND OPPORTUNITIES 66
2.6 RESEARCH ASSUMPTIONS 66
2.7 RESEARCH LIMITATIONS 67
3 EXECUTIVE SUMMARY 68
4 PREMIUM INSIGHTS 72
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ELECTRIC SCOOTER AND MOTORCYCLE MARKET 72
4.2 ELECTRIC SCOOTER AND MOTORCYCLE MARKET, BY REGION 72
4.3 ELECTRIC SCOOTER AND MOTORCYCLE MARKET, BY VEHICLE TYPE 73
4.4 ELECTRIC SCOOTER AND MOTORCYCLE MARKET, BY BATTERY TYPE 73
4.5 ELECTRIC SCOOTER AND MOTORCYCLE MARKET, BY DISTANCE COVERED 74
4.6 ELECTRIC SCOOTER AND MOTORCYCLE MARKET, BY VOLTAGE 74
4.7 ELECTRIC SCOOTER AND MOTORCYCLE MARKET, BY TECHNOLOGY TYPE 75
4.8 ELECTRIC SCOOTER AND MOTORCYCLE MARKET, BY VEHICLE CLASS 75
4.9 ELECTRIC SCOOTER AND MOTORCYCLE MARKET, BY USAGE 76
5 MARKET OVERVIEW 77
5.1 INTRODUCTION 77
5.2 MARKET DYNAMICS 79
5.2.1 DRIVERS 80
- 5.2.1.1 Low operating and maintenance costs 80
- 5.2.1.2 Government incentives and subsidies 81
- 5.2.1.3 Advancements in battery technology 84
- 5.2.1.4 Implementation of battery swapping technology 85
- 5.2.1.5 Rapid urbanization fueling need for convenient modes of transportation 86
5.2.2 RESTRAINTS 87
- 5.2.2.1 Lack of charging infrastructure 87
- 5.2.2.2 Lack of power output and limited range 88
- 5.2.2.3 Battery heating issues and long charging time 90
5.2.3 OPPORTUNITIES 91
- 5.2.3.1 Government bodies backing electric two-wheelers 91
- 5.2.3.2 Decreasing prices of batteries 92
- 5.2.3.3 New revenue pockets in Asia Pacific and Europe 93
- 5.2.3.4 Use of IoT and smart infrastructure in electric two-wheeler charging stations for load management 94
5.2.4 CHALLENGES 95
- 5.2.4.1 Initial investments and high cost of electricity 95
- 5.2.4.2 Lack of compatibility, interchangeability, and standardization 96
- 5.2.4.3 Technological barriers related to battery development 97
5.3 PORTER’S FIVE FORCES 98
5.3.1 THREAT OF SUBSTITUTES 99
5.3.2 INTENSITY OF COMPETITIVE RIVALRY 99
5.3.3 BARGAINING POWER OF BUYERS 99
5.3.4 THREAT OF NEW ENTRANTS 100
5.3.5 BARGAINING POWER OF SUPPLIERS 100
5.4 MNM INSIGHTS ON OEM PLANNING AND DEVELOPMENTS 101
5.5 PRICING ANALYSIS 102
5.5.1 AVERAGE SELLING PRICE TRENDS, BY VEHICLE TYPE 102
5.5.2 ELECTRIC SCOOTERS: AVERAGE SELLING PRICE, BY KEY PLAYERS 102
5.5.3 ELECTRIC MOTORCYCLES: AVERAGE SELLING PRICE, BY KEY PLAYERS 103
5.6 ECOSYSTEM ANALYSIS 105
5.7 MACROECONOMIC INDICATORS 107
5.7.1 GDP TRENDS AND FORECAST FOR MAJOR ECONOMIES 107
5.8 VALUE CHAIN ANALYSIS 110
5.9 CASE STUDY ANALYSIS 111
5.9.1 ATHER ENERGY CASE STUDY 111
5.9.2 HERO ELECTRIC CASE STUDY 111
5.9.3 GENZE CASE STUDY 111
5.9.4 CASE STUDY ON OFFICIAL POSTAL SERVICE OF TAIWAN 112
5.10 PATENT ANALYSIS 112
5.11 TECHNOLOGY ANALYSIS 119
5.11.1 BATTERY SWAPPING IN ELECTRIC SCOOTERS 119
5.11.2 IOT IN ELECTRIC TWO-WHEELERS 120
5.11.3 REGENERATIVE BRAKING 121
5.11.4 SHARED MOBILITY 121
5.11.5 SOLID-STATE BATTERIES 121
5.11.6 SMART CHARGING SYSTEMS 121
5.11.7 BATTERY-RELATED SERVICES 122
5.12 REGULATORY OVERVIEW 123
5.12.1 COUNTRY-WISE TARIFF AND REGULATORY OVERVIEW 125
- 5.12.1.1 India 125
- 5.12.1.2 Indonesia 126
- 5.12.1.3 China 126
- 5.12.1.4 France 126
- 5.12.1.5 Germany 126
- 5.12.1.6 Spain 127
- 5.12.1.7 Austria 127
- 5.12.1.8 US 127
5.12.2 LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 127
5.13 KEY CONFERENCES AND EVENTS IN 2022-2023 130
5.14 KEY STAKEHOLDERS AND BUYING CRITERIA 130
5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS 130
5.14.2 BUYING CRITERIA 131
- 5.14.2.1 Food delivery 131
- 5.14.2.2 Postal services 131
- 5.14.2.3 Municipal services 132
5.15 TRENDS AND DISRUPTIONS 133
5.16 RECESSION IMPACT ANALYSIS 134
5.17 SCENARIO ANALYSIS 135
5.17.1 MOST LIKELY SCENARIO 135
5.17.2 OPTIMISTIC SCENARIO 135
5.17.3 PESSIMISTIC SCENARIO 136
6 ELECTRIC SCOOTER AND MOTORCYCLE MARKET, BY BATTERY TYPE 137
6.1 INTRODUCTION 138
6.2 SEALED LEAD-ACID 141
6.2.1 LOW COST OF LEAD-ACID BATTERIES TO DRIVE MARKET 141
6.3 LITHIUM-ION 143
6.3.1 ASIA PACIFIC TO LEAD LITHIUM-ION BATTERY SEGMENT DUE TO GROWING USAGE OF MODERN ELECTRIC TWO-WHEELERS 143
6.4 NICKEL METAL HYDRIDE BATTERY 146
6.5 SODIUM-ION BATTERY 146
6.6 KEY PRIMARY INSIGHTS 147
7 ELECTRIC SCOOTER AND MOTORCYCLE MARKET, BY DISTANCE COVERED 148
7.1 INTRODUCTION 149
7.2 BELOW 75 MILES 152
7.2.1 ASIA PACIFIC TO HOLD MAJOR MARKET SHARE IN BELOW 75 MILES SEGMENT 152
7.3 75-100 MILES 154
7.3.1 IMPROVING BATTERY TECHNOLOGIES TO DRIVE DEMAND FOR 75-100 MILES RANGE ELECTRIC TWO-WHEELERS 154
7.4 ABOVE 100 MILES 156
7.4.1 DEVELOPMENTS IN BATTERY TECHNOLOGY TO BOOST DEMAND FOR HIGH-RANGE ELECTRIC SCOOTERS AND MOTORCYCLES 156
7.5 KEY PRIMARY INSIGHTS 158
8 ELECTRIC SCOOTER AND MOTORCYCLE MARKET, BY VOLTAGE TYPE 159
8.1 INTRODUCTION 160
8.2 36 V 163
8.2.1 RISING DEMAND FOR DAILY SHORT-DISTANCE TRAVEL TO DRIVE SEGMENT 163
8.3 48 V 164
8.3.1 RISING DEMAND FOR 48 V-POWERED ELECTRIC SCOOTERS AND MOTORCYCLES FOR SHORT MOBILITY PURPOSES 164
8.4 60 V 166
8.4.1 GROWING NEED FOR HIGH-PERFORMANCE ELECTRIC TWO-WHEELERS TO DRIVE SEGMENT 166
8.5 72 V 167
8.5.1 ADVANCEMENTS IN BATTERY TECHNOLOGY AND GROWING DEMAND FOR HIGH-PERFORMANCE TWO-WHEELERS TO DRIVE MARKET 167
8.6 ABOVE 72 V 169
8.6.1 ADVANCEMENTS IN BATTERY TECHNOLOGY FOR HIGH-PERFORMANCE MOTORCYCLES TO DRIVE SEGMENT 169
8.7 KEY PRIMARY INSIGHTS 171
9 ELECTRIC SCOOTER AND MOTORCYCLE MARKET, BY TECHNOLOGY TYPE 172
9.1 INTRODUCTION 173
9.2 PLUG-IN 175
9.2.1 INCREASING PUBLIC FAST-CHARGING STATIONS FOR ELECTRIC TWO-WHEELERS TO DRIVE SEGMENT 175
9.3 BATTERY 177
9.3.1 INITIAL COST-BENEFIT ON PURCHASE OF BATTERY SWAPPING SCOOTERS AND MOTORCYCLES TO DRIVE MARKET 177
9.4 KEY PRIMARY INSIGHTS 180
10 ELECTRIC SCOOTER AND MOTORCYCLE MARKET, BY VEHICLE CLASS 181
10.1 INTRODUCTION 182
10.2 ECONOMY 184
10.2.1 INCREASED SALES OF ELECTRIC SCOOTERS IN ASIA PACIFIC TO DRIVE SEGMENT 184
10.3 LUXURY 186
10.3.1 RISING ADOPTION OF LUXURY-CLASS ELECTRIC TWO-WHEELERS TO DRIVE SEGMENT 186
10.4 KEY PRIMARY INSIGHTS 187
11 ELECTRIC SCOOTER AND MOTORCYCLE MARKET, BY VEHICLE TYPE 188
11.1 INTRODUCTION 189
11.2 E-SCOOTERS/MOPEDS 194
11.2.1 GROWING GOVERNMENT INITIATIVES TO ENHANCE E-MOBILITY 194
11.3 E-MOTORCYCLES 196
11.3.1 RISING DEMAND FOR HIGH-PERFORMANCE ELECTRIC MOTORCYCLES TO DRIVE MARKET 196
11.4 KEY PRIMARY INSIGHTS 198
12 ELECTRIC SCOOTER AND MOTORCYCLE MARKET, BY USAGE 199
12.1 INTRODUCTION 200
12.2 PRIVATE 202
12.2.1 VARIED RANGE OF PRODUCTS CLUBBED WITH GOVERNMENT INCENTIVES AND REDUCING PRICES TO DRIVE SEGMENT 202
12.3 COMMERCIAL USE 204
12.3.1 HIGH INITIAL COST OF OWNERSHIP AND LOW OPERATIONAL AND MAINTENANCE COSTS TO DRIVE SEGMENT 204
12.4 KEY PRIMARY INSIGHTS 206
13 ELECTRIC SCOOTER AND MOTORCYCLE MARKET, BY REGION 207
13.1 INTRODUCTION 208
13.2 ASIA PACIFIC 210
13.2.1 ASIA PACIFIC: RECESSION IMPACT 210
13.2.2 CHINA 214
- 13.2.2.1 China to be largest market for e-scooters/mopeds globally 214
13.2.3 JAPAN 216
- 13.2.3.1 Renowned manufacturers to develop advanced electric two-wheelers in Japan 216
13.2.4 INDIA 218
- 13.2.4.1 Shift of focus from ICE two-wheelers to electric two-wheelers to reduce pollution 218
13.2.5 SOUTH KOREA 221
- 13.2.5.1 South Korean automotive industry to develop electric two-wheelers 221
13.2.6 TAIWAN 222
- 13.2.6.1 Expanding charging solution networks in Taiwan to boost market 222
13.2.7 THAILAND 225
- 13.2.7.1 Need to curb emissions to create more opportunities for electric two-wheelers 225
13.2.8 INDONESIA 227
- 13.2.8.1 Government initiatives and strong local demand to boost market 227
13.2.9 MALAYSIA 230
- 13.2.9.1 Increasing technological development and emergence of electric mobility-as-a-service to drive market 230
13.2.10 PHILIPPINES 232
- 13.2.10.1 Increasing industrialization to drive market 232
13.2.11 VIETNAM 233
- 13.2.11.1 Focus on reducing GHG emissions to drive market 233
13.3 EUROPE 235
13.3.1 EUROPE: RECESSION IMPACT 236
13.3.2 FRANCE 239
- 13.3.2.1 Purchase grants by French government to boost demand 239
13.3.3 GERMANY 241
- 13.3.3.1 Leading players from Germany to enter electric two-wheeler segment 241
13.3.4 SPAIN 244
- 13.3.4.1 Increasing government investments in charging infrastructure to fuel market 244
13.3.5 AUSTRIA 246
- 13.3.5.1 Development of performance e-motorcycles to drive market 246
13.3.6 UK 247
- 13.3.6.1 Investments in ultra-low emission vehicles to drive market 247
13.3.7 ITALY 249
- 13.3.7.1 Superior performance of e-scooters and e-motorcycles to drive market 249
13.3.8 BELGIUM 250
- 13.3.8.1 Development of advanced charging infrastructure by Belgian government to promote electric two-wheelers 250
13.3.9 NETHERLANDS 252
- 13.3.9.1 Plan to phase out conventional ICE two-wheelers to drive market 252
13.3.10 POLAND 254
- 13.3.10.1 Green commuting to raise market demand 254
13.3.11 DENMARK 256
- 13.3.11.1 Government promotion of private infrastructure to positively affect market 256
13.4 NORTH AMERICA 259
13.4.1 NORTH AMERICA: RECESSION IMPACT 259
13.4.2 US 262
- 13.4.2.1 Government initiatives to control increasing pollution to push market demand 262
13.4.3 CANADA 264
- 13.4.3.1 Government funding for charging infrastructure to be key to market growth 264
14 COMPETITIVE LANDSCAPE 267
14.1 OVERVIEW 267
14.2 MARKET SHARE ANALYSIS FOR ELECTRIC SCOOTER AND MOTORCYCLE MARKET 268
14.2.1 YADEA TECHNOLOGY GROUP CO., LTD. 269
14.2.2 JIANGSU XINRI E-VEHICLE CO., LTD. 269
14.2.3 NIU INTERNATIONAL 269
14.2.4 HERO ELECTRIC 270
14.2.5 OKINAWA AUTOTECH INTERNATIONALL PRIVATE LIMITED 270
14.3 KEY PLAYER STRATEGIES 2019-2023 270
14.4 REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS, 2021 272
14.5 COMPETITIVE SCENARIO 273
14.5.1 NEW PRODUCT LAUNCHES 273
14.5.2 DEALS 276
14.5.3 OTHERS 280
14.6 COMPANY EVALUATION QUADRANT 282
14.6.1 STARS 282
14.6.2 EMERGING LEADERS 282
14.6.3 PERVASIVE PLAYERS 283
14.6.4 PARTICIPANTS 283
14.7 START-UP/SME EVALUATION QUADRANT 287
14.7.1 PROGRESSIVE COMPANIES 287
14.7.2 RESPONSIVE COMPANIES 287
14.7.3 DYNAMIC COMPANIES 287
14.7.4 STARTING BLOCKS 287
15 COMPANY PROFILES 291
15.1 KEY PLAYERS 291
15.1.1 YADEA TECHNOLOGY GROUP CO., LTD. 291
15.1.2 NIU INTERNATIONAL 299
15.1.3 SILENCE URBAN ECOMOBILITY 306
15.1.4 HERO ELECTRIC 310
15.1.5 JIANGSU XINRI E-VEHICLE CO., LTD. 316
15.1.6 VMOTO LIMITED 321
15.1.7 ENERGICA MOTOR COMPANY S.P.A. 327
15.1.8 ASKOLL EVA S.P.A. 332
15.1.9 GOGORO 336
15.1.10 OKINAWA AUTOTECH INTERNATIONALL PVT. LTD. 340
15.1.11 ZHEJIANG LUYUAN ELECTRIC VEHICLE CO., LTD. 343
15.1.12 ZERO MOTORCYCLES, INC. 347
15.1.13 GOVECS 350
15.2 OTHER PLAYERS 353
15.2.1 ULTRAVIOLETTE AUTOMOTIVE 353
15.2.2 REVOLT INTELLICORP PRIVATE LIMITED (REVOLT MOTORS) 353
15.2.3 ATHER ENERGY 354
15.2.4 OLA ELECTRIC MOBILITY PVT. LTD. 354
15.2.5 Z ELECTRIC VEHICLE 355
15.2.6 CAKE 355
15.2.7 LIGHTNING MOTORCYCLES 356
15.2.8 JOHAMMER 356
15.2.9 PIAGGIO GROUP 357
15.2.10 KTM AG 358
15.2.11 HARLEY DAVIDSON 359
15.2.12 BMW GROUP 360
15.2.13 AIMA TECHNOLOGY GROUP CO., LTD. 360
15.2.14 HONDA MOTOR CO., LTD. 361
15.2.15 GREAVES ELECTRIC MOBILITY PRIVATE LIMITED (AMPERE VEHICLES) 362
15.2.16 DONGGUAN TAILING ELECTRIC VEHICLE CO., LTD. 364
15.2.17 ČEZETA 364
15.2.18 TERRA MOTORS CORPORATION 365
15.2.19 SHANDONG INCALCU ELECTRIC VEHICLE CO., LTD. 365
15.2.20 NEXZU MOBILITY LTD. (AVAN MOTORS INDIA) 366
15.2.21 EMFLUX MOTORS 366
15.2.22 TVS MOTOR COMPANY 367
15.2.23 BAJAJ AUTO LTD. 367
15.2.24 MAHINDRA & MAHINDRA LTD. 368
15.2.25 DAMON MOTORS INC. 368
15.2.26 VIAR MOTOR INDONESIA 369
15.2.27 SELIS 369
15.2.28 GESITS 370
15.2.29 UNITED MOTOR 371
15.2.30 ELVINDO 371
15.2.31 RAKATA MOTORCYCLE 372
15.2.32 KWANG YANG MOTOR CO., LTD. 372
15.2.33 SMOOT ELEKTRIK 373
15.2.34 PT VOLTA INDONESIA SEMESTA (VOLTA) 374
15.2.35 ALVA 375
15.2.36 NUSA MOTORS 376
15.2.37 OYIKA 377
15.2.38 MIGO EBIKE 378
15.2.39 BF GOODRICH 379
15.2.40 ROBERT BOSCH GMBH 379
15.2.41 NIDEC CORPORATION 380
15.2.42 CONTINENTAL AG 381
15.2.43 VALEO 382
15.2.44 SEG AUTOMOTIVE 383
16 RECOMMENDATIONS BY MARKETSANDMARKETS 384
16.1 RISING DEMAND FOR ELECTRIC SCOOTERS AND MOTORCYCLES IN ASIA PACIFIC 384
16.2 TECHNOLOGICAL ADVANCEMENTS TO HELP DEVELOP MARKET FOR BATTERY SWAPPING 384
16.3 CONCLUSION 385
17 APPENDIX 386
17.1 KEY INSIGHTS FROM INDUSTRY EXPERTS 386
17.2 DISCUSSION GUIDE 386
17.3 KNOWLEDGESTORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL 389
17.4 CUSTOMIZATION OPTIONS 391
17.5 RELATED REPORTS 391
17.6 AUTHOR DETAILS 392