North America Electric Scooters and Motorcycles Market Analysis & Research Study 2015–2024
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, government policies and incentives, development in battery technology, and low maintenance cost are the key factors driving the growth of the market.
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<strong>North</strong> <strong>America</strong> <strong>Electric</strong> <strong>Scooters</strong> <strong>and</strong> <strong>Motorcycles</strong> <strong>Market</strong> by Component,<br />
Application Areas, Project Size, Development, Growth, <strong>and</strong> Dem<strong>and</strong> Forecast,<br />
<strong>2015–2024</strong><br />
www.psmarketresearch.com
<strong>North</strong> <strong>America</strong> <strong>Electric</strong> <strong>Scooters</strong> <strong>and</strong> <strong>Motorcycles</strong> <strong>Market</strong><br />
The <strong>North</strong> <strong>America</strong>n electric scooters <strong>and</strong> motorcycles market is likely to reach $675.7 million by 2024, with a<br />
CAGR of 28.4%, according to P&S Intelligence.<br />
Emergence of electric scooter sharing fleet, government policies <strong>and</strong> incentives, development in battery<br />
technology, <strong>and</strong> low maintenance cost are the key factors driving the growth of the market.<br />
Emergence of electric scooter sharing fleet is responsible for the growth of the <strong>North</strong> <strong>America</strong>n electric scooters<br />
<strong>and</strong> motorcycles market. Many new sharing service providers have started to deploy electric scooters <strong>and</strong> kick<br />
scooters in their fleet. Further, the availability of smart charging stations <strong>and</strong> application of these vehicles in<br />
food <strong>and</strong> beverages delivery services are opening up new opportunity for the growth in the market.<br />
P&S Intelligence
<strong>North</strong> <strong>America</strong> <strong>Electric</strong> <strong>Scooters</strong> <strong>and</strong> <strong>Motorcycles</strong> <strong>Market</strong><br />
High purchase cost of the vehicle is a major restraining factor in the market<br />
The main reason for causing hinderance in the growth of the <strong>North</strong> <strong>America</strong>n electric scooters <strong>and</strong> motorcycles<br />
market is the excessive cost of the product. <strong>Electric</strong> motorcycles purchase price start at around $10,000 <strong>and</strong><br />
increase steeply from there. Energica Motor Company S.p.A. offers its electric motorcycles ranging from $20,900<br />
to $22,600. Also, electric motorcycle model LS-218, which has variants depending on battery capacity, costs<br />
around $38,890. High cost of battery, which accounts for around 50% of the vehicle cost, is the major factor that<br />
makes these vehicles expensive.<br />
The U.S. st<strong>and</strong>s as larger market for electric scooters <strong>and</strong> motorcycles in <strong>North</strong> <strong>America</strong><br />
The U.S. was larger market for these vehicles, in terms of volume, contributing close to 85% share to the <strong>North</strong><br />
<strong>America</strong>n electric scooters <strong>and</strong> motorcycles market in 2018. Factors driving the growth of the market in the U.S.<br />
are faster adoption of electric vehicles (EVs) in the country, support by the government in form of financial <strong>and</strong><br />
non-financial incentives for the procurement of these vehicles, <strong>and</strong> high commuter base.<br />
P&S Intelligence
<strong>North</strong> <strong>America</strong> <strong>Electric</strong> <strong>Scooters</strong> <strong>and</strong> <strong>Motorcycles</strong> <strong>Market</strong><br />
The research offers market size of the <strong>North</strong> <strong>America</strong> electric scooters <strong>and</strong> motorcycles market for the period<br />
<strong>2015–2024</strong>.<br />
• <strong>Market</strong> Segmentation by Type<br />
• Motorcycle<br />
• Scooter<br />
• Kick Scooter<br />
• <strong>Market</strong> Segmentation by Battery Capacity<br />
• 15 kWh<br />
• <strong>Market</strong> Segmentation by Battery<br />
• Lead Acid<br />
• Li-Ion<br />
• <strong>Market</strong> Segmentation by Application<br />
• Sharing Services<br />
• Food & Grocery<br />
• Personal Users<br />
P&S Intelligence
<strong>North</strong> <strong>America</strong> <strong>Electric</strong> <strong>Scooters</strong> <strong>and</strong> <strong>Motorcycles</strong> <strong>Market</strong><br />
<strong>North</strong> <strong>America</strong> <strong>Electric</strong> <strong>Scooters</strong> <strong>and</strong> <strong>Motorcycles</strong> <strong>Market</strong> Competitive l<strong>and</strong>scape<br />
The major players operating in the market are KTM <strong>North</strong> <strong>America</strong> Inc., Razor USA LLC, Segway Inc., TORROT<br />
ELECTRIC EUROPA S.A., Zero <strong>Motorcycles</strong> Inc., Mahindra GenZe, Energica Motor Company S.p.A., <strong>and</strong> Alta Motors.<br />
Request to Get the Sample Report@ https://www.psmarketresearch.com/market-analysis/north-americaelectric-scooters-<strong>and</strong>-motorcycles-market/report-sample<br />
P&S Intelligence
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