Global on road motorcycles Market

Automotive Repair And Maintenance Market Definition

The automotive repair and maintenance market consists of sales of automotive repair and maintenance services by entities (organizations, sole traders and partnerships) that provide such services for passenger automobiles, commercial vehicles, motorcycles, and other vehicles. Automotive maintenance services include inspecting or testing the condition of vehicle subsystems and servicing parts and fluids, this regular maintenance is important to ensure the safety, reliability, drivability, comfort and longevity of different vehicles. Automotive repair services are aftermarket maintenance of vehicles to improve the life of the vehicle by replacing anything on the vehicle including consumable products such as tires, vehicle batteries, wear and tear parts, air filter, cabin filter, oil filter, wiper blades, and collision body.

Automotive repair and maintenance refer to the service of repair, alteration, restoration, towing, painting, and cleaning of automobiles. Regular vehicle service and maintenance give huge dividends in fuel efficiency, increase safety, and longevity, enhance performance and reliability, and save on expensive repairs. The main types of automotive repair and maintenance are automotive mechanical and electrical repair and maintenance, automotive body, paint, interior, glass repair, and others. The automotive mechanical and electrical repair and maintenance sector is made up of businesses that specialize in transmission repair, electrical system repair, engine repair and maintenance, and exhaust system replacement. The different vehicle types include passenger cars, light commercial vehicles, heavy commercial vehicles, bikes & scooters and involves several service providers such as automotive dealership, franchise general repairs, specialty shops, locally owned repair shops/body shops, and others. The automotive repair and maintenance market research report is one of a series of new reports from The Business Research Company that provides automotive repair and maintenance market statistics, including automotive repair and maintenance industry global market size, regional shares, competitors with automotive repair and maintenance market share, detailed automotive repair and maintenance market segments, market trends and opportunities, and any further data you may need to thrive in the automotive repair and maintenance industry. This automotive repair and maintenance market research report deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global automotive repair and maintenance market grew from $837.14 billion in 2022 to $912.88 billion in 2023 at a compound annual growth rate (CAGR) of 9.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive repair and maintenance market is expected to grow to $1247.01 billion in 2027 at a CAGR of 8.1%. Automotive repair and maintenance service providers are increasingly installing diagnostic devices in customer vehicles to improve their service offerings. On-board diagnostics tools are being used to track vehicle conditions and identify potential problems by running diagnoses. For instance, Koovers, a car maintenance services provider, fits an onboard diagnostics tool for its registered customers. Its call center picks up the error reported by the tool and connects with the customer for required repair work. This enables garages to check for required parts for the car even before the car is brought in for service thus reducing wait time. Automotive repair and maintenance services companies are increasingly using artificial intelligence-based automated vehicle inspection technology for vehicle inspection. Automated vehicle inspection systems capture pictures of the vehicle entering the cabin from multiple angles and upload them to the central computing system which then compares them with standards to identify deviations. The system generates a report with an overview of all the issues flagged in the car and the required actions needed to be taken. For instance, Scope technology, a US-based Tech Company, has developed an AI-automated vehicle inspection technology in collaboration with Microsoft’s Azure cloud computation. ProovStation, a French automobile maintenance service provider, implemented these systems in their service centers in France and North America. They use the technology to conduct a 360o scan of the vehicle, identify the damages such as scratches, dents, dirt, suspension, frame, brakes, and engine condition, and generate a report of the issues identified. The system generates a unique code and accounts for the vehicle with its chassis number for future service purposes. This entire visual inspection process is completed in less than 5 minutes and reduces costs by 50%. Major companies in the automotive repair and maintenance market include LKQ Corporation, LeasePlan Corporation N.V., ADNOC, Monro Muffler Brake, Asbury Automotive Group Inc., Nippon Express Co., Ltd., Lookers PLC, Halfords, ComfortDelGro Corporation and A2B Australia Ltd. Western Europe was the largest region in the automotive repair and maintenance market in 2022. Asia-Pacific was the second-largest region in the automotive repair and maintenance market. The regions covered in the automotive repair and maintenance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the automotive repair and maintenance market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The automotive repair and maintenance market consists of revenues earned by entities that provide services for passenger automobiles, commercial vehicles, and motorcycles and bicycles. This market includes establishments such as general automotive repair, automotive exhaust system repair, automotive transmission repair, other automotive mechanical and electrical repair and maintenance, automotive glass replacement, and car washes. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global automotive repair and maintenance market is segmented - 1) By Type: Automotive Mechanical and Electrical Repair and Maintenance, Automotive Body, Paint, Interior, and Glass Repair, Other Automotive Repair and Maintenance 2) By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Bike & Scooter 3) By Service Providers: Automotive Dealership, Franchise General Repair, Specialty Shop, Locally Owned Repair Shops/Body Shop, Other Service Providers Subsegments Covered: General Automotive Repair, Automotive Exhaust System Repair, Automotive Transmission Repair, Other Automotive Mechanical and Electrical Repair and Maintenance, Automotive Body, Paint, and Interior Repair and Maintenance, Automotive Glass Replacement, Automotive Oil Change and Lubrication, Car Washes, All Other Automotive Repair and Maintenance

Shared transport or shared mobility refers to a transportation system and resources that are shared among users, either concurrently or one after another. This includes public transit, micro-mobility, automobile-based modes, and commuter-based modes, or ridesharing. The shared mobility is used to share transportation services with other commuters. The main types of shared mobility services are ride-hailing, bike sharing, ride-sharing, car-sharing, and other services. The car market involves the use of cars as a mode of shared conveyance and offers benefits such as financial savings for individuals. Cars can be comfortable for conveyance and can transport four individuals. The various types of mobility vehicles are cars, two-wheelers, and other mobility vehicles. The various business models include P2P, B2B, and B2C. The shared mobility market research report is one of a series of new reports from The Business Research Company that provides shared mobility market statistics, including shared mobility industry global market size, regional shares, competitors with a shared mobility market share, detailed shared mobility market segments, market trends and opportunities, and any further data you may need to thrive in the shared mobility industry. This shared mobility market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global shared mobility market size grew from $271.91 billion in 2022 to $309.27 billion in 2023 at a compound annual growth rate (CAGR) of 13.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The shared mobility market size is expected to grow to $495.78 billion in 2027 at a CAGR of 12.5%. Government initiatives to promote shared mobility are expected to propel the growth of the shared mobility market going forward. Due to growing traffic congestion and pollution, lack of parking spaces, high fuel prices, and high cost of personal vehicle ownership, governments are taking initiatives to promote shared mobility services to reduce pollution and provide access to efficient transportation. For instance, in March 2019, the UK government launched Transport decarbonization plan, for taking steps to increase the typical number of vehicles on the road by 2030. By 2030, reducing car occupancy from the current 1.55 people per seat to 1.7 people per seat could prevent nearly 3 million tons (Mt) of carbon dioxide (CO2) emissions annually, which is roughly equal to the amount of CO2 currently emitted by all UK buses combined. Therefore, an increase in government initiatives is driving the growth of the shared mobility market. Mobility-as-a-Service has emerged as a key trend gaining popularity in the shared mobility market. Mobilitie as-a-Service is a type of digital platform that enables users to book and pay for integrated multiple mobility services through a single platform. Major companies operating in the shared mobility market are focused on providing mobility-as-a-service to lead the market. For instance, Carzonrent, an India-based car rental company, launched Plug Mobility, an electric Mobility-as-a-Service (MaaS) platform that offers sustainable mobility solutions for business travel, fleet employee transfers, airport taxi, crew transfer, government and PSU official travel. This platform focuses on leading the transition from mobility to electric vehicles and reducing pollution. In February 2022, Cogo, a Denmark-based shared mobility company, acquired eScoot for an undisclosed amount. Through this acquisition, the company aimed to strengthen its position and offer enhanced eco-friendly and shared mobility services for consumers and boost its expansion goals in France, the UK, and Germany. eScoot is a Denmark-based shared mobility aggregator. Major players in the shared mobility market are ANI Technologies Private Limited, Avis Budget Group Inc., Beijing Xiaoju Technology Co Ltd., Bolt, Share Now GmbH, Careem, Enterprise Holdings Inc., Grab Holdings Inc., Gett, Lyft Inc., Movmi, Mobiag, Mobiko GmbH, Zipcar, The Hertz Corporation, and Uber Technologies Inc., Asia-Pacific was the largest region in the shared mobility market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the shared mobility market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the shared mobility market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The shared mobility market consists of revenues earned by entities by providing mass transit, micro transit and ride splitting services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global shared mobility market is segmented - 1) By Service: Ride Hailing, Bike Sharing, Ride Sharing, Car Sharing, Other Services 2) By Mobility Vehicle: Cars, Two-wheelers, Others Mobility Vehicles 3) By Business Model: P2P, B2B, B2C

A two-wheeler hub motor is an electrical motor that is attached to the wheels and converts electric power to motive power to provide traction. It helps in reducing the weight of the vehicle, reduces fuel consumption, extends the life of a two-wheeler, and lowers maintenance costs. The two-wheeler hub motor is used to power rear-wheel drive vehicles. The main types of two-wheeler hub motor market vehicle types are electric bikes, electric scooters, and electric motorcycles. An electric bike refers to the two-wheeler hub motor used in electric bikes for providing pedaling assistance. In hub motors, the shaft becomes the axle and does not spin. The rotor spins and lets the whole motor spin and generate torque to rotate the front or rear wheel. The various types of installation are front and rear. The various motors include gearless and geared models that are distributed through several channels such as original equipment manufacturer (OEM), and aftermarket. The two-wheeler hub motor market research report is one of a series of new reports from The Business Research Company that provides two-wheeler hub motor market statistics, including two-wheeler hub motor industry global market size, regional shares, competitors with a two-wheeler hub motor market share, detailed two-wheeler hub motor market segments, market trends and opportunities, and any further data you may need to thrive in the two-wheeler hub motor industry. This two-wheeler hub motor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global two wheeler hub motor market size grew from $10.98 billion in 2022 to $12.41 billion in 2023 at a compound annual growth rate (CAGR) of 13.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The two wheeler hub motor market size is expected to grow to $19.97 billion in 2027 at a CAGR of 12.6%. The rise in demand for electric vehicles is significantly contributing to the growth of the two-wheeler hub motor market going forward. Electric vehicles refer to vehicles that work on electricity that is stored in batteries. Hub motors help electric two-wheelers achieve better drivability and efficiency and improve electric vehicle performance. For instance, according to a report by the Society of Manufacturers of Electric Vehicles (SMEV), an India-based electric vehicle association, in 2021, the sales of electric two-wheelers increased by 132% in India. In addition, unit sales of two-wheelers reached 100,736 units in 2020, which had increased to 233,971 units in 2021. Therefore, the rise in demand for electric vehicles is driving the growth of the two-wheeler hub motor market. Product innovation is the key trend gaining popularity in the two-wheeler hub motor market. Major companies operating in the two-wheeler hub motor sector are focused on developing technologically advanced products to sustain their position in the market. For instance, in September 2020, Saietta, a UK-based manufacturer of light-duty and heavy-duty electric drive systems, introduced an in-hub advanced axial flux traction (AFT) electric motor with axial flux technology. The AFT motor offers a lower overall weight and provides a more compact design. It can also produce more torque than other motors while generating less heat. In September 2021, Fazua, a Germany-based company that develops e-bike drive systems acquired Innotorq for an undisclosed amount. This acquisition will help Fazua position itself as the leading provider of lightweight e-bike systems. Innotorq is a Germany-based provider of sensor and drive systems. Major players in the two wheeler hub motor market are Robert Bosch GmbH, Electric Bike Ltd., Evans Electric, GoGoA1, Heinzmann GmbH & Co. KG, Ziehl-Abegg SE, Elaphe Propulsion Technologies Ltd., Siemens AG, Schaeffler Technologies AG & Co. KG, Saietta Europe B.V., Hyundai Mobis, Dana TM4, Kolektor, Printed Motor Works Limited, Kelly Controls, and YASA Limited. Asia-Pacific was the largest region in the two-wheeler hub motor market in 2022. The regions covered in the two wheeler hub motor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the two wheeler hub motor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The two-wheeler hub motor market consists of sales of geared and direct drive. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global two wheeler hub motor market is segmented - 1) By Vehicle Type: Electric Bike, Electric Scooter, Electric Motorcycle 2) By Motor: Gearless, Geared 3) By Installation: Front, Rear 4) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket

Sports composites are fibers that are used to improve the strength of sports equipment, decrease its weight, and reduce its cost. Composites reduce the weight of the helmet that protects motorcyclists. They are used to upgrade sports equipment and protect athletes from injury. The main types of fibers in sports composites are carbon, glass, and others. Carbon sports composites are widely used in the production of sports equipment such as sports sticks and rackets, owing to their advanced qualities such as being a lightweight, high strength-to-weight ratio, increased resistance, and stiffness. This is also called graphite fiber. The various resin types include epoxy, polyamide, polyurethane, and polypropylene, which are used in numerous applications such as golf sticks, rackets, bicycles, hockey sticks, skis and snowboards. The sports composites market research report is one of a series of new reports from The Business Research Company that provides sports composites market statistics, including global market size, regional shares, competitors with a sports composites market share, detailed sports composites market segments, market trends and opportunities, and any further data you may need to thrive in the sports composites industry. This sports composites market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global sports composites market size grew from $3.27 billion in 2022 to $3.52 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The sports composites market size is expected to grow to $4.51 billion in 2027 at a CAGR of 6.4%. The rising sports industry is expected to propel the growth of the sports composites market going forward. The sports industry refers to an industry in which people, activities, and organizations are involved in producing, facilitating, promoting, or organizing any activities that are focused on sports. Sports composites are used to make lightweight sports equipment. For instance, in 2021, according to GroupM ESP, an India-based media investment management company, in 2021, the Indian sports business invested $1.22 billion, representing a 62% increase over the previous year. In addition, media spending on cricket climbed by 8.1% in 2021 to $728.6 million, up from $673.8 million in 2019. Therefore, the rising sports industry is driving the growth of the sports composites market. Technological advancements have emerged as a key trend gaining popularity in the sports composite market. Major companies operating in the sports composites sector are focused on introducing new technological products to sustain their position. For instance, in 2020, Aldila, a US-based company that manufactures sports equipment, launched ALDILA ASCENT, an ultra-light golf shaft series. This model delivers an easy, high launch angle and also helps in controlling spin and face deflection for a higher ball flight with long descent roll out. It also has FlyDrive Technology, which is a full-length Visco-Elastic Isolation Layer (VEIL) that boosts the shaft's resistance to ovaling while improving overall strength and feel. In April 2022, Kordsa, a Turkey-based company providing reinforcement technologies for automobiles, airplanes, motorcycles, and agricultural and industrial tires, acquired the majority of the share of Microtex Composites for a deal amount of € 24.6 million euros ($25.2 million). With this acquisition, Kordsa aims to diversify its product offering and expand its client base, and its service offering in the automotive and motorsport industries. Microtex Composites is an Italy-based company that specializes in the production of a composite including carbon fiber for automotive, motorsport, marine, and transport. Major players in the sports composites market are Ficher Sports, Topkey Corporation, Toray Industries, Teijin Ltd., Hexion Inc., SGL Carbon SE, Fujikura Composites, Callway Golf, True Temper, Prokennex, Newell Brands, Sree Industrial Composite Products, EPP Composites, and Bucci Composites. North America was the largest region in the sports composites market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sports composites market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the sports composites market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The sports composites market consists of sales of polymer matrix composites (PMCs), metal matrix composites (MMCs), ceramic matrix composites (CMCs), and carbon matrix composites (CAMCs). Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global sports composites market is segmented - 1) By Fiber: Carbon, Glass, Other Fibers 2) By Rasin Type: Epoxy, Polyamide, Polyurethane, Polypropylene 3) By Application: Golf Sticks, Rackets, Bicycles, Hockey Sticks, Skis and Snowboards

Motorcycle is a motorized vehicle with two wheels that can transport one or two persons. Bicycle is an automobile having two tandem wheels, handlebars for steering, a saddle seat, and pedals for propulsion. The main types in the motorcycle and bicycle market are motorcycles and parts, bicycles and parts, motor scooters, other motorcycles, and bicycles. The motor scooter is referred to as a step-through frame and a platform for the rider's feet that emphasizes comfort and fuel economy. The various distribution channels include independent retailers and online sales. These are used in the OEM and aftermarket. The motorcycle and bicycle market research report is one of a series of new reports from The Business Research Company that provide motorcycle and bicycle market statistics such as global market size, regional shares, competitors with a motorcycle and bicycle market share, detailed motorcycle and bicycle market segments, market trends and opportunities, and any other data you may require to thrive in the motorcycle and bicycle market. This motorcycle and bicycle market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global motorcycle and bicycle market grew from $72.27 billion in 2022 to $77.69 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The motorcycle and bicycle market is expected to grow to $100.75 billion in 2027 at a CAGR of 6.7%. Advances in technology are expected to be a continued driver of market growth in the forecast period. The global motorcycle and bicycle manufacturing industries have experienced many technological advances in the last decade, and this trend is expected to intensify. According to Forbes, the ten new features to expect in vehicles included in 2020 are autonomous driving, driver override systems, biometric vehicle access, comprehensive vehicle tracking, active window displays, remote vehicle shutdown, active health monitoring, four-cylinder supercars, smart and personalized in-car marketing, and reconfigurable body panels. These innovations are expected to drive the motorcycle and bicycle markets during the forecast period. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the motorcycle and bicycle markets in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Transportation manufacturers depend heavily on the supply of parts and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of parts and components. Also, sales of new automobiles decreased significantly due to a decline in consumer demand as many countries imposed lockdowns. The outbreak continues to hurt businesses throughout 2020 and into 2021. However, it is expected that the motorcycle and bicycle markets will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. Bicycle manufacturers are increasingly investing in the manufacture of electric bicycles that operate using rechargeable batteries. These electric bicycles serve as an eco-friendly, low-cost mode of transportation and can also be used for recreational bicycle trips, shopping, and errands. Major players are also investing in new electric bicycles equipped with GPS and internet connectivity. For instance, in 2022, Ducati, a manufacturer of motorcycles, launched its first-ever folding electric bicycle, MG20 . Similarly, Indian-based electric mobility company launched new-generation electric bicycles, Heileo H100, a lightest electric hybrid bike in 2021 . The major companies in the motorcycle and bicycle market include Honda Motor Co Ltd., Hero MotoCorp Ltd., Harley-Davidson Inc., TVS Motor Company Limited, Suzuki Motor Corp, Bajaj Auto Ltd., Bayerische Motoren Werke AG, Kawasaki Heavy Industries, Accell Group N.V, and Toyota Tsusho. Asia-Pacific was the largest region in the motorcycle and bicycle market in 2022. Western Europe was the second-largest region in the motorcycle and bicycle market. The regions covered in the motorcycle and bicycle market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the motorcycle and bicycle market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The motor cycle and bicycle market consist of sales of scooters, tricycles and sports bikes. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global motorcycle and bicycle market is segmented - 1) By Type: Motorcycles And Parts, Bicycles And Parts, Motor Scooters, Other Motorcycle And Bicycle 2) By Propulsion Type: Internal Combustion Engine (ICE), Electric 3) By Distribution Channel: Independent Retailers, Online Sales

Electric bicycles, often known as e-bikes or eBikes, are motorised bicycles with built-in electric motors that help with propulsion. Electric scooters frequently resemble motorcycles and are plug-in electric vehicles with two or three wheels and an electric motor. The main types in the electric bike and scooter market are electric bikes and electric scooters. An electric bike is a bicycle equipped with an electric motor that is activated to assist with or replace pedaling. The battery types involved are lead-acid, lithium-ion (li-ion), nickel-metal hydride (NiMH), and others. The voltage capacities involved are 48–59 V, 60–72 V, 73–96 V, and above 96V. The drive mechanism types involved are hub motors, mid-drives, and other mechanisms. The electric bikes and scooters market research report is one of a series of new reports from The Business Research Company that provides electric bike and scooter market statistics, including global market size, regional shares, competitors with an electric bike and scooter market share, detailed electric bike and scooter market segments, market trends and opportunities, and any further data you may need to thrive in the electric bike and scooter industry. This electric bikes and scooters market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global electric bikes and scooters market grew from $23.38 billion in 2022 to $25.94 billion in 2023 at a compound annual growth rate (CAGR) of 10.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The electric bikes and scooters market is expected to grow from $32.91 billion in 2027 at a CAGR of 6.1%. Increasing awareness about pollution is a key driver of the electric bike and scooter market. This is because more people now understand the importance of reducing pollution, and this awareness has led them to look for more environmentally friendly modes of transportation that minimise and control pollution. For example, according to a survey published by Forbes, due to an increase in awareness about pollution, the sales of electric bikes (e-bikes) have exceeded those of non-electric bikes in the Netherlands. The growth in the adoption of electric bikes and scooters is expected to continue in the coming years as the carbon dioxide emitted by the burning of fossil fuels remains a major threat to the environment, causing global warming and climate change. The lack of infrastructure for battery charging is a major restraint on the electric bike and scooter market. This is mainly because a lack of sufficient bike or scooter charging stations leads to a scarcity of battery charging stations and discourages people from purchasing electric bikes or scooters. For instance, according to express drive data 2021, electric two-wheelers are popular in India. However, the sales of electric two-wheelers remain way lower than conventional petrol ones. We don’t have an appropriate EV ecosystem and the charging stations are in very small numbers. So, in a bid to encourage people to buy EVs and to develop the EV ecosystem in India, eBikeGo has announced that they will install one lakh smart IoT-enabled charging stations in seven Indian cities. Improving battery technology is an emerging trend in the electric bike and scooter market. One such technological improvement of batteries includes the growing use of graphene batteries in electric bikes and scooters. The graphene batteries use electrolytes based on a super-thin material called graphene, which enables faster charging time, higher capacity, and lighter weight of the vehicles. In this regard, Earthday, a startup based in Barcelona, Spain, is working towards further enhancing the efficiency of graphene batteries to charge electric bikes and scooters in around five minutes. The electric bike and scooter market is regulated by the U.S. Congress enacted Public Law sections 107-319 and 107-322. This law pertains to the amendments required for the consumer product safety act and defines stern regulations to be followed with retrospect to the speed of electric bikes. According to this law, the electric motor of the vehicle must be less than 750 watts, and the maximum speed of the bike driven by a person weighing 170 pounds should not exceed 20 mph. To comply with this law, the U.S. Consumer Product Safety Commission (CPSC) considers, approves, and certifies bikes that meet this definition for manufacture and sale at the federal level. Hence, regulations such as these regulate the electric bike and scooter market. In July 2022, the Rohatyn Group, a US-based asset management firm, acquired KJK Capital for an undisclosed amount. Through this acquisition, Rohatyn Group will expand in e-bikes. KJK Capital is a Europe-based manufacturer of electric bikes. Major players in the electric bikes and scooters market are Yadea, Jiangsu Xinri E-Vehicle Co. Ltd., Mahindra & Mahindra Ltd., BMW, Hero Electric, Yamaha, Sunra, Vmoto Limited, AIMA Technology Co. Ltd., Zhejiang Luyuan Electric Vehicle Co. Ltd., Terra Motors Group, and Prodeco Technologies L.L.C. Asia-Pacific was the largest region in the electric bikes and scooters market in 2022. This region is expected to remain the largest during the next five years. The regions covered in the global electric bikes and scooters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the electric bikes and scooters market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, USA. The electric bikes and scooters market consist of sales of e-moped and e-cycles. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organisations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the chain or as part of other products. The global electric bikes and scooters market is segmented - 1) By Product: Electric Bikes, Electric Scooters 2) By Battery: Lead-acid, Lithium-ion (Li-ion), Nickel-metal hydride (NiMh), Other Battries 3) By Voltage Capacity: 48-59V, 60-72V, 73-96V, Above 96V 4) By Drive Mechanism: Hub Motor, Mid Drive, Other Drive Mechanisms

Electronic bikes are battery-powered bikes that resemble gas-powered bikes but require electric power to operate. Electric bikes are equipped with an integrated electric motor driving system and a battery that produces power for causing or assisting propulsion. The main types of classes in electric bikes are class-I, class-II, and class-III. Class-I is a type of electric bike that has an electric motor and works only while pedaling. The different motor types include mid-motor, hub motor and have various battery types such as lead-acid, lithium-ion (Li-ion), nickel-metal hydride (NiMH), others. It is used in several applications including mountain or trekking, city or urban, cargo, and others. The electric bikes market research report is one of a series of new reports from The Business Research Company that provides electric bikes market statistics, including electric bikes industry global market size, regional shares, competitors with a electric bikes market share, detailed electric bikes market segments, market trends and opportunities, and any further data you may need to thrive in the electric bikes industry. This electric bikes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global electric bikes market size grew from $43.22 billion in 2022 to $49.54 billion in 2023 at a compound annual growth rate (CAGR) of 14.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The electric bikes market size is expected to grow to $85.62 billion in 2027 at a CAGR of 14.7%. The implementation of government regulations to encourage the use of electric bikes is expected to propel the growth of the electric bikes market in the coming years. Electric bikes have a longer range and are easier to use, allowing users to travel without sweating, pull bigger loads, run more errands, and take longer journeys. For instance, in 2021, the FAME India Scheme (Faster Adoption and Manufacturing of (Hybrid & Electric Vehicles) was implemented with a budget of $1.36 billion and it focuses on the electrification of public and shared transportation. Furthermore, in 2021, the California state budget committed $10 million to the Air Resources Board to implement the e-bike rebate program by July 2022. Therefore, the implementation of government regulations to encourage electric bikes drives the electric bikes market. Technological advancements are shaping the electric bikes market. Major companies operating in the electric bikes sector are focused on developing technological solutions for electric bikes to meet customer demand and strengthen their position. For instance, in September 2021, Bosch, a Germany-based technology company has unveiled its new Smart System, a comprehensive package that includes innovative digital advances, such as a new mobile app and wireless remote control, to improve the digitalization of bikes utilizing the company's drivetrain system. Riders may set riding modes, automatically record activity, and integrate fitness apps including Apple Health with the new mobile app. In January 2022, TVS Motor Company, an Indian motorcycle manufacturer, acquired Swiss E-mobility Group (SEMG). The acquisition is TVS motors’ step towards developing eco-friendly transport solutions for their customers to advance towards a sustainable future. SEMG is the largest Swiss e-bike manufacturer. Major players in the electric bikes market are Accell Group, Derby Cycle AG, Tianjin Fuji-ta Group, Giant Bicycles, Mahindra & Mahindra, Merida Industry Co. Ltd., Pedego Electric Bikes, Tianjin Golden Wheel Bicycle Group Co Ltd., Trek Bicycle Corporation, Pon Bicycle Holding B.V., VanMoof, FRITZMEIER Systems GmbH & Co. KG, Gocycle, Klever Mobility, and Panasonic. Asia-Pacific was the largest region in the electric bikes market in 2022. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the electric bikes report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the electric bikes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The electronic bikes market consists of sales of e-moped, e-cycles and e-scooters.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global electric bikes global market is segmented - 1) By Class: Class-I, Class-II, Class-III 2) By Motor Type: Mid Motor, Hub Motor 3) By Battery Type: Lead Acid, Lithium ion (Li-ion), Nickel-Metal Hydride (NiMH), Other Battery Types 4) By Application: Mountain Or Trekking, City Or Urban, Cargo, Other Applications