The global electric motorcycle and scooter sector continues to witness increasing demand as consumers become more familiar with electric passenger cars. The electric motorcycle and scooter market is witnessing a sharp rise in competition. Urbanization in Asia-Pacific, and particularly in China, has lead to widespread use of electric motorcycle and scooter. Pike Research predicts the electric scooter market will be larger than the electric motorcycle sector in 2017 because globally electric scooters are booming in Asia Pacific, which has a total count of close to 20 million electric scooters, or close to 100% of the market.
The US electric scooter and electric motorcycle markets are forecast to record strong growth over the next five-year period. The electric scooter market is expected to exceed 41,000, while the electric motorcycle market is predicted to reach almost 28,000 vehicles by 2017. Market growth will be driven by state incentives and regulations, fuel costs and improving consumer perception. Industry performance will also be enhanced by technological advances.
The Internal Combustion Engine (ICE) motorcycles market will fare well over coming years. Light motorcycles represent a leading market segment, popular for their high level of power and ability to outperform many motorbikes, mopeds, and scooters, reports Freedonia. Light motorcycles will maintain higher unit volume sales than any other ICE product type in the motorcycle sector.
Quoted from www.reportlinker.com
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