The global electric mobility market size is expected to reach USD 325.64 billion by 2030, growing at a CAGR of 14.6% over the forecast period. Rise in substantial operating and maintenance cost savings is expected to significantly increase the demand for electric mobility thereby supporting the market growth. Furthermore, growing concerns about the rapidly rising carbon footprint and greenhouse gases from the transportation and automotive industries are encouraging state and country-level regulatory bodies to set up policies that promote the adoption of energy-efficient vehicles.
The rise in government investments along with stringent regulations, objectives, and policies for electric vehicle deployment, signaling OEMs and other industry stakeholders who actively participate in the industry and building confidence based on mobilizing investments and policy frameworks is fueling the growth of the electric mobility industry.
For instance, in December 2022, the Uttar Pradesh government in India targeted to invest 300 million in electric transportation. The state's UP Electric Vehicle Manufacturing and Mobility Policy 2022 aims to attract new investment and create 1 million new jobs in the sector. Meanwhile, the new strategy has attempted to address the three key issues: stimulating the manufacture of e-vehicles and their components, such as batteries, and creating a solid network of charging stations and battery swap locations.
Electric vehicles depend on electricity to replenish their batteries rather than using fossil fuels such as petrol or diesel. With the increasing number of EV battery charging stations emerging, it is now more convenient for consumers to charge their batteries at a local station rather than stand in line at a CNG station or a gas station. For instance, In May 2022, Energica Motor Company, a manufacturing company, launched a new e-bike named Energica Experia. The e-bike featured the company’s no-emission EV technology. These factors are expected to drive the electric mobility market growth over the forecast period
Some dominant players in the U.S. electric mobility industry are BMW Motorrad International; Gogoro, Inc.; Honda Motor Co. Ltd.; KTM AG; Mahindra Group; Ninebot Ltd.; Suzuki Motor Corporation; Terra Motors Corporation; Vmoto Limited ABN; Yamaha Motor Company Limited. These players focus on new product launches and partnerships & collaboration to enhance their offerings and geographic presence. For instance, In June 2022, iFood, an online food ordering and delivery platform based in Brazil, launched the EVS Work iFood electric motorcycle in collaboration with Voltz Motors, a startup manufacturer of e-scooters and e-motorcycles based in Brazil, for USD 2,099.9.
The rise in government investments along with stringent regulations, objectives, and policies for electric vehicle deployment, signaling OEMs and other industry stakeholders who actively participate in the industry and building confidence based on mobilizing investments and policy frameworks is fueling the growth of the electric mobility industry.
For instance, in December 2022, the Uttar Pradesh government in India targeted to invest 300 million in electric transportation. The state's UP Electric Vehicle Manufacturing and Mobility Policy 2022 aims to attract new investment and create 1 million new jobs in the sector. Meanwhile, the new strategy has attempted to address the three key issues: stimulating the manufacture of e-vehicles and their components, such as batteries, and creating a solid network of charging stations and battery swap locations.
Electric vehicles depend on electricity to replenish their batteries rather than using fossil fuels such as petrol or diesel. With the increasing number of EV battery charging stations emerging, it is now more convenient for consumers to charge their batteries at a local station rather than stand in line at a CNG station or a gas station. For instance, In May 2022, Energica Motor Company, a manufacturing company, launched a new e-bike named Energica Experia. The e-bike featured the company’s no-emission EV technology. These factors are expected to drive the electric mobility market growth over the forecast period
Some dominant players in the U.S. electric mobility industry are BMW Motorrad International; Gogoro, Inc.; Honda Motor Co. Ltd.; KTM AG; Mahindra Group; Ninebot Ltd.; Suzuki Motor Corporation; Terra Motors Corporation; Vmoto Limited ABN; Yamaha Motor Company Limited. These players focus on new product launches and partnerships & collaboration to enhance their offerings and geographic presence. For instance, In June 2022, iFood, an online food ordering and delivery platform based in Brazil, launched the EVS Work iFood electric motorcycle in collaboration with Voltz Motors, a startup manufacturer of e-scooters and e-motorcycles based in Brazil, for USD 2,099.9.
Electric Mobility Market Report Highlights
- Based on product, the electric bike segment is expected to dominate the global market owing to the factors such as the expansion of cycling infrastructure in developing countries such as India and the rise of financial incentives for e-bike sales
- Based on drive, the chain drive segment dominated the market with 46% of the revenue share in 2022. The growing amount of construction activities driven by rapid industrialization is driving the segment’s growth
- Based on battery, the Li-ion battery segment accounted for 82% of the revenue share in 2022 owing to the benefits such as a decrease in the amount of toxic oil waste generated, the need for engine maintenance, and the pollution caused by fuel combustion engines
- Based on end-use, the personal segment accounted for 76% of the revenue share in 2022. The segment’s growth can be attributed to the rising sales of electric two-wheelers as more customers choose electric transportation for both commuting and relaxation
- Prominent industry participants include BMW Motorrad International; Gogoro, Inc.; Honda Motor Co. Ltd.; KTM AG; Mahindra Group; Ninebot Ltd.; Suzuki Motor Corporation; Terra Motors Corporation; Vmoto Limited ABN; Yamaha Motor Company Limited.
Table of Contents
Chapter 1 Methodology and Scope1.1. Research Methodology
1.2. Research Scope and Assumptions
1.3. Information procurement
1.3.1. Purchased database
1.3.2. internal database
1.3.3. Secondary sources & third-party perspectives
1.3.4. Primary research
1.4. Information analysis
1.5. Market formulation & data visualization
1.6. Data validation & publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Outlook
Chapter 3. Electric Mobility Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Electric Mobility Market - Value Chain Analysis
3.3. Electric Mobility Market - Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Opportunity Analysis
3.3.3. Market Challenge Analysis
3.4. Market Analysis Tools
3.4.1. Electric Mobility Market - Porter’s Five Forces Analysis
3.4.2. Electric Mobility Market - PESTEL Analysis
Chapter 4. Electric Mobility Market Product Segment Analysis
4.1. Electric Bikes
4.1.1. Electric bikes market, 2018 - 2030 (USD Million)
4.2. Electric Scooters
4.2.1. Electric scooters market, 2018 - 2030 (USD Million)
4.3. Electric Motorized Scooters
4.3.1. Electric motorized scooters market, 2018 - 2030 (USD Million)
4.4. Electric Motorcycles
4.4.1. Electric motorcycles market, 2018 - 2030 (USD Million)
Chapter 5. Electric Mobility Market Drive Segment Analysis
5.1. Belt Drive
5.1.1. Belt Drive electric mobility market, 2018 - 2030 (USD Million)
5.2. Chain Drive
5.2.1. Chain Drive electric mobility market, 2018 - 2030 (USD Million)
5.3. Hub drive
5.3.1. Hub drive electric mobility market, 2018 - 2030 (USD Million)
Chapter 6. Electric Mobility Market Battery Segment Analysis
6.1. Lead Acid
6.1.1. Sealed lead acid electric mobility market, 2018 - 2030 (USD Million)
6.2. Lithium Ion
6.2.1. Lithium Ion electric mobility market, 2018 - 2030 (USD Million)
6.3. Other
6.3.1. Other electric mobility market, 2018 - 2030 (USD Million)
Chapter 7. Electric Mobility Market End-use Segment Analysis
7.1. Personal Use
7.1.1. Personal use electric mobility market, 2018 - 2030 (USD Million)
7.2. Commercial Use
7.2.1. Commercial use electric mobility market, 2018 - 2030 (USD Million)
Chapter 8. Electric Mobility Market Regional Analysis
8.1. North America
8.1.1. North America electric mobility market, by country, 2018 - 2030 (USD Million)
8.1.2. North America electric mobility market, by product, 2018 - 2030 (USD Million)
8.1.3. North America electric mobility market, by drive, 2018 - 2030 (USD Million)
8.1.4. North America electric mobility market, by battery, 2018 - 2030 (USD Million)
8.1.5. North America electric mobility market, by end-use, 2018 - 2030 (USD Million)
8.1.6. U.S.
8.1.6.1. Electric Mobility market by product, 2018 - 2030 (USD Million)
8.1.6.2. Electric Mobility market by drive, 2018 - 2030 (USD Million)
8.1.6.3. Electric Mobility market by battery, 2018 - 2030 (USD Million)
8.1.6.4. Electric Mobility market by end-use, 2018 - 2030 (USD Million)
8.1.7. Canada
8.1.7.1. Canada electric mobility market, by product, 2018 - 2030 (USD Million)
8.1.7.2. Canada electric mobility market, by drive, 2018 - 2030 (USD Million)
8.1.7.3. Canada electric mobility market, by battery, 2018 - 2030 (USD Million)
8.1.7.4. Canada electric mobility market, by end-use, 2018 - 2030 (USD Million)
8.2. Europe
8.2.1. Europe electric mobility market, by country, 2018 - 2030 (USD Million)
8.2.2. Europe electric mobility market, by product, 2018 - 2030 (USD Million)
8.2.3. Europe electric mobility market, by drive, 2018 - 2030 (USD Million)
8.2.4. Europe electric mobility market, by battery, 2018 - 2030 (USD Million)
8.2.5. Europe electric mobility market, by end-use, 2018 - 2030 (USD Million)
8.2.6. Germany
8.2.6.1. Germany electric mobility market, by product, 2018 - 2030 (USD Million)
8.2.6.2. Germany electric mobility market, by drive, 2018 - 2030 (USD Million)
8.2.6.3. Germany electric mobility market, by battery, 2018 - 2030 (USD Million)
8.2.6.4. Germany electric mobility market, by end-use, 2018 - 2030 (USD Million)
8.2.7. U.K.
8.2.7.1. U.K. electric mobility market, by product, 2018 - 2030 (USD Million)
8.2.7.2. U.K. electric mobility market, by drive, 2018 - 2030 (USD Million)
8.2.7.3. U.K. electric mobility market, by battery, 2018 - 2030 (USD Million)
8.2.7.4. U.K. electric mobility market, by end-use, 2018 - 2030 (USD Million)
8.2.8. France
8.2.8.1. France electric mobility market, by product, 2018 - 2030 (USD Million)
8.2.8.2. France electric mobility market, by drive, 2018 - 2030 (USD Million)
8.2.8.3. France electric mobility market, by battery, 2018 - 2030 (USD Million)
8.2.8.4. France electric mobility market, by end-use, 2018 - 2030 (USD Million)
8.3. Asia Pacific
8.3.1. Asia Pacific electric mobility market, by country, 2018 - 2030 (USD Million)
8.3.2. Asia Pacific electric mobility market, by product, 2018 - 2030 (USD Million)
8.3.3. Asia Pacific electric mobility market, by drive, 2018 - 2030 (USD Million)
8.3.4. Asia Pacific electric mobility market, by battery, 2018 - 2030 (USD Million)
8.3.5. Asia Pacific electric mobility market, by end-use, 2018 - 2030 (USD Million)
8.3.6. China
8.3.6.1. China electric mobility market, by product, 2018 - 2030 (USD Million)
8.3.6.2. China electric mobility market, by drive, 2018 - 2030 (USD Million)
8.3.6.3. China electric mobility market, by battery, 2018 - 2030 (USD Million)
8.3.6.4. China electric mobility market, by end-use, 2018 - 2030 (USD Million)
8.3.7. Japan
8.3.7.1. Japan electric mobility market, by product, 2018 - 2030 (USD Million)
8.3.7.2. Japan electric mobility market, by drive, 2018 - 2030 (USD Million)
8.3.7.3. Japan electric mobility market, by battery, 2018 - 2030 (USD Million)
8.3.7.4. Japan electric mobility market, by end-use, 2018 - 2030 (USD Million)
8.3.8. India
8.3.8.1. India electric mobility market, by product, 2018 - 2030 (USD Million)
8.3.8.2. India electric mobility market, by drive, 2018 - 2030 (USD Million)
8.3.8.3. India electric mobility market, by battery, 2018 - 2030 (USD Million)
8.3.8.4. India electric mobility market, by end-use, 2018 - 2030 (USD Million)
8.4. Latin America
8.4.1. Latin America electric mobility market, by country, 2018 - 2030 (USD Million)
8.4.2. Latin America electric mobility market, by product, 2018 - 2030 (USD Million)
8.4.3. Latin America electric mobility market, by drive, 2018 - 2030 (USD Million)
8.4.4. Latin America electric mobility market, by battery, 2018 - 2030 (USD Million)
8.4.5. Latin America electric mobility market, by end-use, 2018 - 2030 (USD Million)
8.4.6. Brazil
8.4.6.1. Brazil electric mobility market, by product, 2018 - 2030 (USD Million)
8.4.6.2. Brazil electric mobility market, by drive, 2018 - 2030 (USD Million)
8.4.6.3. Brazil electric mobility market, by battery, 2018 - 2030 (USD Million)
8.4.6.4. Brazil electric mobility market, by end-use, 2018 - 2030 (USD Million)
8.4.7. Mexico
8.4.7.1. Mexico electric mobility market, by product, 2018 - 2030 (USD Million)
8.4.7.2. Mexico electric mobility market, by drive, 2018 - 2030 (USD Million)
8.4.7.3. Mexico electric mobility market, by battery, 2018 - 2030 (USD Million)
8.4.7.4. Mexico electric mobility market, by end-use, 2018 - 2030 (USD Million)
8.5. MEA electric mobility market, by product, 2018 - 2030 (USD Million)
8.6. MEA electric mobility market, by drive, 2018 - 2030 (USD Million)
8.7. MEA electric mobility market, by battery, 2018 - 2030 (USD Million)
8.8. MEA electric mobility market, by end-use, 2018 - 2030 (USD Million)
Chapter 9. Competitive Landscape
9.1. Company Categorization
9.2. Company Market Positioning
9.3. Company Ranking Analysis, 2022
9.4. Strategy Mapping
9.5. Company Listing (Overview, Financials, Product Portfolio)
8.5.1 BMW Motorrad International
8.5.2 Gogoro, Inc.
8.5.3 Honda Motor Co. Ltd.
8.5.4 KTM AG
8.5.5 Mahindra Group
8.5.6 Ninebot Ltd.
8.5.7 Suzuki Motor Corporation
8.5.8 Terra Motors Corporation
8.5.9 Vmoto Limited
8.5.10 Yamaha Motor Company Limited
List of Tables
Table 1 List of Abbreviations
Table 2 Electric bikes market, 2018 - 2030 (USD Million)
Table 3 Electric scooters market, 2018 - 2030 (USD Million)
Table 4 Electric motorized scooters market, 2018 - 2030 (USD Million)
Table 5 Electric motorcycles market, 2018 - 2030 (USD Million)
Table 6 Belt drive electric mobility market, 2018 - 2030 (USD Million)
Table 7 Chain drive electric mobility market, 2018 - 2030 (USD Million)
Table 8 Hub drive electric mobility market, 2018 - 2030 (USD Million)
Table 9 Lead acid battery market, 2018 - 2030 (USD Million)
Table 10 Lithium Ion battery market, 2018 - 2030 (USD Million)
Table 11 Other battery market, 2018 - 2030 (USD Million)
Table 12 Personal use electric mobility market, 2018 - 2030 (USD Million)
Table 13 Commerical use electric mobility market, 2018 - 2030 (USD Million)
Table 14 North America electric mobility market, by country, 2018 - 2030 (USD Million)
Table 15 North America electric mobility market, by product, 2018 - 2030 (USD Million)
Table 16 North American electric mobility market, by drive, 2018 - 2030 (USD Million)
Table 17 North America electric mobility market, by country, 2018 - 2030 (USD Million)
Table 18 North America electric mobility market, by battery, 2018 - 2030 (USD Million)
Table 19 North America electric mobility, by end-use, 2018 - 2030 (USD Million)
Table 20 U.S. electric mobility market, by product, 2018 - 2030 (USD Million)
Table 21 U.S. electric mobility market, by drive, 2018 - 2030 (USD Million)
Table 22 U.S. electric mobility market, by battery, 2018 - 2030 (USD Million)
Table 23 U.S. electric mobility market, by end-use, 2018 - 2030 (USD Million)
Table 24 Canada electric mobility market, by product, 2018 - 2030 (USD Million)
Table 25 Canada electric mobility market, by drive, 2018 - 2030 (USD Million)
Table 26 Canada electric mobility market, by battery, 2018 - 2030 (USD Million)
Table 27 Canada electric mobility market, by end-use, 2018 - 2030 (USD Million)
Table 28 Europe electric mobility market, by country, 2018 - 2030 (USD Million)
Table 29 Europe electric mobility market, by product, 2018 - 2030 (USD Million)
Table 30 Europe electric mobility market, by drive, 2018 - 2030 (USD Million)
Table 31 Europe electric mobility market, by battery, 2018 - 2030 (USD Million)
Table 32 Europe electric mobility market, by end-use, 2018 - 2030 (USD Million)
Table 33 Germany electric mobility market, by product, 2018 - 2030 (USD Million)
Table 34 Germany electric mobility market, by drive, 2018 - 2030 (USD Million)
Table 35 Germany electric mobility market, by battery, 2018 - 2030 (USD Million)
Table 36 Germany electric mobility market, by end-use, 2018 - 2030 (USD Million)
Table 37 U.K. electric mobility market, by product, 2018 - 2030 (USD Million)
Table 38 U.K. electric mobility market, by drive, 2018 - 2030 (USD Million)
Table 39 U.K. electric mobility market, by battery, 2018 - 2030 (USD Million)
Table 40 U.K. electric mobility market, by end-use, 2018 - 2030 (USD Million)
Table 41 France electric mobility market, by product, 2018 - 2030 (USD Million)
Table 42 France electric mobility market, by drive, 2018 - 2030 (USD Million)
Table 43 France electric mobility market, by battery, 2018 - 2030 (USD Million)
Table 44 France electric mobility market, by end-use, 2018 - 2030 (USD Million)
Table 45 Asia Pacific electric mobility market, by country, 2018 - 2030 (USD Million)
Table 46 Asia Pacific electric mobility market, by product, 2018 - 2030 (USD Million)
Table 47 Asia Pacific electric mobility market, by drive, 2018 - 2030 (USD Million)
Table 48 Asia Pacific electric mobility market, by battery, 2018 - 2030 (USD Million)
Table 49 Asia Pacific electric mobility market, by end-use, 2018 - 2030 (USD Million)
Table 50 China electric mobility market, by product, 2018 - 2030 (USD Million)
Table 51 China electric mobility market, by drive, 2018 - 2030 (USD Million)
Table 52 China electric mobility market, by battery, 2018 - 2030 (USD Million)
Table 53 China electric mobility market, by end-use, 2018 - 2030 (USD Million)
Table 54 Japan electric mobility market, by product, 2018 - 2030 (USD Million)
Table 55 Japan electric mobility market, by drive, 2018 - 2030 (USD Million)
Table 56 Japan electric mobility market, by battery, 2018 - 2030 (USD Million)
Table 57 Japan electric mobility market, by end-use, 2018 - 2030 (USD Million)
Table 58 India electric mobility market, by product, 2018 - 2030 (USD Million)
Table 59 India electric mobility market, by drive, 2018 - 2030 (USD Million)
Table 60 India electric mobility market, by battery, 2018 - 2030 (USD Million)
Table 61 India electric mobility market, by end-use, 2018 - 2030 (USD Million)
Table 62 Latin America electric mobility market, by country, 2018 - 2030 (USD Million)
Table 63 Latin America electric mobility market, by product, 2018 - 2030 (USD Million)
Table 64 Latin America electric mobility market, by drive, 2018 - 2030 (USD Million)
Table 65 Latin America electric mobility market, by battery, 2018 - 2030 (USD Million)
Table 66 Latin America electric mobility market, by end-use, 2018 - 2030 (USD Million)
Table 67 Brazil electric mobility market, by product, 2018 - 2030 (USD Million)
Table 68 Brazil electric mobility market, by drive, 2018 - 2030 (USD Million)
Table 69 Brazil electric mobility market, by battery, 2018 - 2030 (USD Million)
Table 70 Brazil electric mobility market, by end-use, 2018 - 2030 (USD Million)
Table 71 Mexico electric mobility market, by product, 2018 - 2030 (USD Million)
Table 72 Mexico electric mobility market, by drive, 2018 - 2030 (USD Million)
Table 73 Mexico electric mobility market, by battery, 2018 - 2030 (USD Million)
Table 74 Mexico electric mobility market, by end-use, 2018 - 2030 (USD Million)
Table 75 MEA electric mobility market, by country, 2018 - 2030 (USD Million)
Table 76 MEA electric mobility market, by product, 2018 - 2030 (USD Million)
Table 77 MEA electric mobility market, by drive, 2018 - 2030 (USD Million)
Table 78 MEA electric mobility market, by battery, 2018 - 2030 (USD Million)
Table 79 MEA electric mobility market, by end-use, 2018 - 2030 (USD Million)
List of Figures
Fig. 1 Market research process
Fig. 2 Information procurement
Fig. 3 Electric mobility segmentation
Fig. 4 Electric Mobility market snapshot
Fig. 5 Electric Mobility market, 2018 - 2030 (USD Million)
Fig. 6 Electric mobility market, by product, 2018 - 2030 (USD Million)
Fig. 7 Electric mobility market, by drive, 2018 - 2030 (USD Million)
Fig. 8 Electric mobility market, by battery, 2018 - 2030 (USD Million)
Fig. 9 Electric mobility market, by end-use, 2018 - 2030 (USD Million)
Fig. 10 Electric mobility market, by region, 2018 - 2030 (USD Million)
Fig. 11 Electric mobility market: value chain analysis
Fig. 12 Electric mobility market: key company analysis, 2020
Fig. 13 Electric mobility market: PEST analysis
Fig. 14 Electric mobility market: Porter’s five forces analysis
Fig. 15 Electric mobility market: Product analysis
Fig. 16 Electric mobility market: Drive analysis
Fig. 17 Electric mobility market: Battery analysis
Fig. 18 Electric mobility market: End-use analysis
Fig. 19 Electric mobility market: Regional analysis
Fig. 20 North America electric mobility market- key takeaways
Fig. 21 Europe electric mobility market - key takeaways
Fig. 22 Asia Pacific electric mobility market - key takeaways
Fig. 23 Latin America electric mobility market - key takeaways
Fig. 24 MEA electric mobility market - key takeaways
Companies Mentioned
- BMW Motorrad International
- Gogoro, Inc.
- Honda Motor Co. Ltd.
- KTM AG
- Mahindra Group
- Ninebot Ltd.
- Suzuki Motor Corporation
- Terra Motors Corporation
- Vmoto Limited
- Yamaha Motor Company Limited
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 164 |
| Published | March 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 109.23 Billion |
| Forecasted Market Value ( USD | $ 325.64 Billion |
| Compound Annual Growth Rate | 14.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
