Low-Powered Electric Motorcycle and Scooter Market Size - By Product, By Battery, By Speed, By Application, By Distribution Channel, Analysis, Share, Growth Forecast, 2025 - 2034
Report ID: GMI12283
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Published Date: November 2024
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Report Format: PDF
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Base Year: 2024
Companies covered: 20
Tables & Figures: 200
Countries covered: 21
Pages: 180
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Low-Powered Electric Motorcycle and Scooter Market
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Low-Powered Electric Motorcycle and Scooter Market Size
The global low-powered electric motorcycle and scooter market size was valued at USD 14.4 billion in 2024 and is projected to grow at a CAGR of 6.3% between 2025 and 2034. The market of low-power electric motorcycles and scooters is facilitated and boosted by government policies, regulations, and support. In many countries, the market is encouraged to use electric vehicles (EVs) as a source to cut down emissions and achieve sustainability objectives. Tax breaks, refunds, and other purchasing incentives impact the economy positively by lowering the initial cost for consumers.
Moreover, electric vehicle charging infrastructure construction is backed by some governments, which not only solves user range anxiety but also promotes convenience. In some countries, innovative subsidies reach manufacturers as well to foster new initiatives and cut down on production costs. These initiatives help both grow consumer adoption rates and entice new market entrants. For example, the Indian government provides subsidies for EVs registered in India under the FAME scheme. The current incentive for two-wheelers is set at INR 15,000 per kWh, covering 40% of the cost of the vehicle and batteries around 2 kWh.
The urban population growth and traffic congestion are the major reasons driving the growth of powered electric two-wheelers such as motorcycles and scooters. With more and more people migrating to cities, urban areas continue facing dire traffic congestion challenges. To ease traffic, migrate usage of quickly transportable and compact vehicles such as electric scooters and electric motorcycles, which are easy to drive in remote and congested areas alike. These vehicles are best suited for urban travel, where the distance is short, but the use of cars is not economical.
In addition, electric two-wheeler low noise, zero pollution, and emission levels add to their benefit for cities aimed at reducing pollution and enhancing air quality. This trend is expected as urban areas shift to electric alternatives due to increasing preference for mobility solutions that are more sustainable.
Low-Powered Electric Motorcycle and Scooter Market Trends
The world of low-powered electric motorbikes and scooters has been changing with great developments in battery technology. Newer innovations have resulted in batteries that are more powerful, charge faster, and have life cycles that endure much longer, enhancing the practicality of electric scooters and motorcycles for day-to-day use. The improvements in lithium-ion and even solid-state batteries have also made range and performance issues regarding driving distance and recharge frequency obsolete.
These advancements contribute to a reduction in the total cost of ownership since more robust batteries translate to easier maintenance and less frequent replacements. Moreover, developments in battery management systems add to improved safety and overall dependability, which increases the trust consumers place in the product. The continuous advancements in battery technology will bring increases in adoption and acceptance by the market.
For example, in October 2024, Honda launched two electric personal commuters, the CUV e: and ICON e: in Indonesia, which serve as milestone achievements in its effort to broaden its electric vehicle (EV) portfolio. These units are part of Honda’s ambitious goal of launching 30 electric models globally by the year 2030.
The CUV e: features two swappable Honda Mobile Power Pack e: batteries for urban commuting, which makes this model the equivalent of a 110cc scooter for city users. The ICON e: employs a fixed ternary lithium-ion battery and is classified as a Class 1 moped in Japan. It has a cruising range of more than 50 km on a single charge.
The low-powered electric motorcycles and scooters face major cost implications due to their high purchase price, which acts as a barrier for the market. While their long-term operating costs are definitely lower, the initial price remains high as a result of sophisticated battery technology and other electronic components. This is a problem for users who are price-sensitive, especially in poorer regions.
Moreover, the robust R&D expenses together with almost non-existent economies of scale cause even further increases in price, hence restricting the adoption rate of the low-powered electric motorcycle and scooter market. Efforts have been made to encourage the buyers via government subsidies and other incentives, but they still may not be able to cover the initial purchasing expenses, bearing in mind the most economical buyers. This price difference draws more challenges than it solves when it comes to capturing market share in comparison to the conventional gasoline scooters.
Low-Powered Electric Motorcycle and Scooter Market Analysis
Based on battery, the market is segmented into lithium-ion batteries, lead-acid batteries, and nickel-metal hydride (NiMH) batteries. In 2024, the lithium-ion batteries segment accounted for over 70% of the low-powered electric motorcycle and scooter market share and is expected to exceed USD 17 billion by 2034.
Based on the distribution channel, the low-powered electric motorcycle and scooter market is divided into online and offline. The offline segment held around 70% of the market share in 2024.
In 2024, the Asia Pacific low-powered electric motorcycle and scooter market accounted for over 55% revenue share and is expected to exceed USD 14 billion by 2034. China leads the market in the Asia Pacific region and is expected to exceed USD 8 billion by 2034.
Low-Powered Electric Motorcycle and Scooter Market Share
Honda Motor Co., Ltd., Yadea Group Holdings Ltd., and TVS Motor Company collectively held a substantial market share of over 11% in the low-powered electric motorcycle and scooter industry in 2024.
Low-Powered Electric Motorcycle and Scooter Market Companies
Major players operating in the low-powered electric motorcycle and scooter industry are:
The global firms in the low-powered electric motorcycle and scooter market have adopted strategies such as mergers and acquisitions (M&As), entering into collaborative agreements with manufacturers of batteries and charging cabinets, and investing large sums into R&D in order to stay competitive. Leading market players are incorporating advanced technologies, including but not limited to lithium-ion batteries, Internet-of-Things (IoT), and access to cloud computers, that enable real-time tracking, remote equipment diagnostics, and app-based controls. These new developments seek to increase their ease of use and cater to the general move towards intelligent and connected automobiles.
The existence of local and regional producers who pursue market and price-sensitive designs makes the market equally competitive. These players are meeting the demands of price-sensitive consumers from emerging economies by offering cheaper but sufficiently featured, well performing units. These manufacturers are also dealing with the difficult regional constraints of low charging infrastructure, regional terrain, and legislation which to give them an advantage in the market.
Low-Powered Electric Motorcycle and Scooter Industry News
The low-powered electric motorcycle and scooter market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue ($ Mn/Bn) and shipments (Units) and from 2021 to 2034, for the following segments:
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Market, By Product
Market, By Battery
Market, By Speed
Market, By Application
Market, By Distribution Channel
The above information is provided for the following regions and countries: