DELRAY BEACH, Fla., Oct. 25, 2024 /PRNewswire/ — The global electric scooter motor market will grow from USD 416 million in 2024 to USD 1,201.2 million by 2030, according to the latest research findings. It is predicted to grow and register a CAGR of 19.3%. MarketsandMarkets Report. Electric two-wheelers are rapidly gaining popularity due to their affordability, convenience, and environmental friendliness, which directly increases the demand for electric scooter motors. Advances in motor technology have increased efficiency, power, and durability, making motors even more attractive to manufacturers and consumers. Government incentives and policies that encourage the adoption of electric vehicles through subsidies, tax breaks, and infrastructure improvements are stimulating demand for electric scooter motors.
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Electric scooter motor market scope:
Report scope
detail
Market revenue in 2024
$416 million
Estimates until 2030
$1,201.2 million
growth rate
Expected to grow at a CAGR of 19.3%
Available market size
2019-2030
Forecast period
2024-2030
prediction unit
Quantity (in thousands) and value (in millions of USD)
Report scope
Revenue forecast, competitive environment, growth factors, trends
Target segment
By vehicle type, drive type, motor type, motor power, positioning, component and region
Target area
Asia Pacific, Europe, North America
Report highlights
Updated player financial information/product portfolio
Drive the market by lowering operating costs and reducing maintenance requirements.
Electric bikes use electric motors and rechargeable batteries for power, which eliminates the need for gasoline and reduces pollution. With the development of battery technology and electric motor efficiency, electric bikes have excellent performance such as quick torque transmission, smooth acceleration, and quiet operation, providing riders with an enjoyable riding experience. Additionally, electric bikes have lower running costs and require less maintenance than petrol bikes, making them an attractive option for riders looking for a more cost-effective and environmentally friendly means of transportation. Due to the complexity of electric bike design, very few companies initially manufactured electric bikes. Many established companies such as Ola Electric, Niu International, Vmoto, Harley Davidson, and KTM have started producing electric bikes. Over time, electric bikes have evolved to offer greater range and speed. Many companies are eyeing this space and are starting to invest money to gain access to the industry. Ola Electric launched its first electric motorcycle, the Ola Roadster, in August 2024. Maximum power is 1152 kW and certified range is 200 to 579 km. At the EICMA 2023 Milan Motor Bike Show in November 2023, Yadea Technology Group Co., Ltd. will introduce the Yadea Kemper electric bike. The motorcycle has a top speed of 160 km/h (99.4 mph) and a centrally mounted motor rated at 23 kW continuous and 40 kW peak power.
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Market-leading robust performance and higher torque.
Chain drives are strong and durable, allowing them to efficiently transfer power from the motor to the wheels, especially when strong acceleration or heavy load carrying is required. This feature is especially appreciated on electric scooters and motorcycles used when you need to travel over steep hills or for long distance commuting. As more consumers look for electric scooters that can handle diverse terrain and provide a reliable ride, the demand for chain drive systems has naturally increased. OEM companies from countries such as China and India are investing heavily in the development and production of electric scooters that cater to the region’s vast and diverse consumer base. NIU (China) plans to launch the NIU RQi Sport as an urban performance bike from the second half of 2024. It has a mid-mounted motor with a power output of 5 kW and a chain drive. The large growing market, combined with the practical advantages of chain drive systems such as the ability to manage heavy loads and provide reliable performance over long distances, has driven the adoption of chain drive systems in electric scooter motors. Definitely leads the way in usage. market.
Europe is expected to become the second-largest growing market by size for electric scooter motors during the forecast period.
Europe is home to many electric two-wheeler motor manufacturing companies, including Robert Bosch GmbH (Germany), MAHLE GmbH (Germany), Vitesco Technologies (Germany), Saietta Electric Drive (UK), and SEG Automotive (Germany) . The automotive sector is one of the major contributors to the European economy. Growing concerns about the carbon emissions of traditional ICE two-wheelers and the efficiency of this mode of transportation are driving European two-wheeler manufacturers to develop electric scooters and motorcycles. This has increased the demand for electric scooter motors in the region. Various configurations of motors such as hub motors and mid-drive motors are expanding the electric scooter motor market by meeting different performance needs. Hub motors offer simplicity and cost efficiency, while mid-drive motors offer superior torque and handling, making them ideal for high-performance models. This diversity allows manufacturers to target a broader customer base, driving market growth. At the same time, advances in motor technology have led to more efficient and powerful motors, allowing for faster speeds and improved performance.
Key market players of electric scooter motor industry:
Some of the prominent players in the electric scooter motor market include Robert Bosch GmbH (Germany), MAHLE GmbH (Germany), Vitesco Technologies GmbH (Germany), and Saietta Electric Drive (UK).
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Electric Scooter Motor Market Size – Key benefits of purchasing the report:
This report helps leaders/new entrants in this market by providing information about the closest approximation of revenue figures for the overall Electric Scooter Motor market and its sub-segments.
This report helps stakeholders understand the competitive environment, better position their business and gain more insights to plan appropriate go-to-market strategies.
The report also helps stakeholders understand market trends and provides information on key market drivers, restraints, challenges, and opportunities.
This report provides insights into:
Key drivers (increasing sales of electric scooters and electric two-wheelers, advances in motor technology), constraints (unstable supply chain, limited range of electric scooters and electric two-wheelers), opportunities (higher demand for sports and luxury electric two-wheelers) Development of performance motors, advances in motor thermal management systems) and challenges (low efficiency of electric hub motors, rising consumer prices of electric motorcycles)
Product Development/Innovation: Detailed insights into upcoming technologies, research and development activities, and new product and service launches in the Electric Scooter Motors market
Market Development: Comprehensive information about the profitable market – This report analyzes the Electric Scooter Motor market in different regions.
Market Diversification: Thorough information about new products and services, untapped regions, recent developments, and investments in the Electric Scooter Motors market
Competitive assessment: Detailed assessment of market share, growth strategies, and service offerings of key players such as Robert Bosch GmbH (Germany), QS Motor Ltd (China), Lucas TVS Limited (India), and Ola Electric Mobility Pvt. Ltd. . Ltd. (India) and MAHLE GmbH (Germany), we have a proven track record in the electric scooter motor market.
Strategy: This report also helps stakeholders to understand the Electric Scooter Motor market trends and provides information about key market drivers, restraints, challenges, and opportunities.
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Electric Scooter and Electric Bike Market – Global Forecast to 2030
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AVAS Market – Global Forecast to 2030
Access the latest information on electric scooter motor companies and electric scooter motor industry growth.
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