6/12/2023 0 Comments Electric scooter motorWhen segmented on the basis of product, the electric scooter and motorcycle market is expected to be dominated by the scooter category during the forecast period. Scooter Is the Most Dominant Product Category Moreover, the prevailing effects of recession as a result of intermittent lockdowns are resulting in the reduced production and sale of automobiles across various countries. The automotive sector, as a whole, has been negatively impacted by the disease outbreak and the several preventive measures taken to curb it, such as lockdowns and reduction in working staff. However, the COVID-19 pandemic has negatively impacted the electric scooter and motorcycle industry across the world. Besides, the growing e-retailing of electric vehicles is a major factor contributing toward the market growth. Government policies in support of environment-friendly vehicles, primarily in the emerging economies of Asia-Pacific (APAC), are playing a pivotal role in the growth of the market. The global electric scooter and motorcycle market was valued at $5,913.9 million in 2019 and is expected to grow at a CAGR of 14.4% during the forecast period (2020–2025). Electric Scooter and Motorcycle Market Overview
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