European Electric Two-Wheeler Market to Grow with Massive CAGR of 27.6% Through 2025: P&S Intelligence

NEW YORK, Oct. 4, 2021 /PRNewswire/ -- Despite a target of reducing greenhouse gas (GHG) emissions by 20% by 2020 from the levels recorded in 1990, emissions in Europe during 2015–2019 were above 2014 levels. This has been mainly attributed by the European Union (EU) to the increase in emissions from the transport sector. A big problem for a long while, Europe has been working hard to reduce these emissions, for which, apart from the Euro emission standards, several favorable initiatives to boost the purchase of electric vehicles (EV) have been implemented.

P&S Intelligence cites both these reasons while projecting an increase in the European electric scooters and motorcycles market size to $758.5 million by 2025, at a 27.6% CAGR between 2020 and 2025. As most of the trips taken on vehicles in Europe are for short distances, replacing cars with two-wheelers, specifically electric ones, could help reduce emissions massively. In addition, Italy and Spain have always had a rich scooter culture, which could create big potential opportunities for electric two-wheeler manufacturers.

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This is also why e-scooters have witnessed higher sales than e-motorcycles in the continent till now. Moreover, scooters are cheaper and available in more models, which helps boost their sales. However, scooters have less-powerful batteries and motors, which restrain their adoption to some extent. This is why sales of electric motorcycles are expected to pick up rapidly in the region in the years to come. Plus, with many of the highways in Europe, such as Germany's Autobahn network, not having any practical speed limit, high-power electric motorcycles will appeal to the youth.

Browse detailed report on Europe Electric Scooters and Motorcycles Market Revenue, Industry Size and Growth Forecast to 2025

France held the largest share in the European electric scooters and motorcycles market in 2020 because of the strong government efforts to raise the usage of EVs for reducing the emission of GHGs. In the coming years, the highest CAGR is projected to be seen in Spain, where automakers are rapidly establishing manufacturing plants, drawn by the increasing public awareness on EVs and government efforts to drive their adoption. Moreover, the demand for electric two-wheelers in sharing services is growing in the country as people are taking efforts to make the urban traffic congestion problem less severe.

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Market Breakdown

Based on Product

• Scooter
• Low-Powered Motorcycle
• High-Powered Motorcycle

Based on Power

• <1.5 kW
• 1.5–5 kW
• 6–15 kW
• >15 kW

Based on Voltage

• 48 V
• 60 V
• 72 V
• 100 V and Above

Based on Cooling System

• Natural Convection
• Forced Air Convection
• Liquid

Based on Maximum Speed

• <40 km/h
• 40–80 km/h
• >80 km/h

Based on Battery Type

• Sealed Lead Acid
• Lithium-Ion (Li-Ion)

Based on Battery Charging Mode

• Removable
• Non-Removable

Based on Charging Time

• <4 h
• 4–6 h
• >6 h

Based on Battery Capacity

• < 1 kWh
• 1–2.5 kWh
• > 2.5 kWh

Based on Range

• <50 km
• 50–100 km
• 101–150 km
• >150 km

Geographical Analysis

• Austria
• Belgium
• France
• Germany
• Italy
• Netherlands
• Spain
• Switzerland
• U.K.
• Rest of Europe

Based on OEMs Analysis

• Manufacturers Product Offerings and Their Specifications
• Market Share Analysis of Key Players
• Competitive Analysis of Key Players
• Strategic Developments

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

Contact: 
Prajneesh Kumar
P&S Intelligence
Phone: +1-347-960-6455
Email: [email protected]
Web: https://www.psmarketresearch.com

SOURCE P&S Intelligence