A number of growth factors, such as the proliferation of electric two-wheelers in sharing services, rise in the traffic concerns in the region, focus on reducing greenhouse gas emissions, and implementation of stringent emission regulations, are expected to propel the European electric scooters and motorcycles market at a CAGR of 27.6% during the forecast period (2020–2025). According to P&S Intelligence, the market generated $284.2 million in 2019,which is projected to reach $758.5 million by 2025.
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The European electric scooters and motorcycles market growth is driven by the proliferation of electric scooters in sharing fleets in major European countries. This is due to the presence of several sharing service providers, with a large number of electric scooters in their fleets. For instance, France had around 2,560 electric scooters and Italy had about 1,225 scooters in their sharing fleets in 2019, which are expected to grow in the coming years. Thus, the increasing deployment of electric scooters for sharing services plays a pivotal role in the market growth.
According to P&S Intelligence, France recorded the highest sales of electric scooters and motorcycles in the recent past, due to the surging focus on reducing the emission of toxic gases. Whereas, Span will exhibit the fastest European electric scooters and motorcycles market advance in the foreseeable future. This will be due to the burgeoning demand for EVs, which is attracting electric two-wheeler manufacturers and mobility firms to set up manufacturing plants and enter into the scooter/motorcycle sharing business in the nation, respectively.
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Thus, the increasing shift toward energy-efficient vehicles and the growing prevalence of shared e-mobility services will accelerate the sales of these EVs in Europe.
OEMs Analysis
- Manufacturers Product Offerings and Their Specifications
- Market Share Analysis of Key Players
- Competitive Analysis of Key Players
- Strategic Developments in the market
- Company Profiling
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