Quadricycle And Tricycle Global Market Report 2023 – By Vehicle Type (Quadricycle, Tricycle), By Power Source Type (Electric, Gasoline, Solar), By Application (Personal, Commercial) – Market Size, Trends, And Global Forecast 2023-2032

A passenger car is a road motor vehicle that is used to transport people and has a maximum seating capacity of nine people (including the driver). The main types in the passenger car market include hatchbacks, sedans, and utility vehicles. A hatchback is referred to as a car that is configured with a swing to provide access to a cargo area. The various fuel types include gasoline, diesel, and others. The various engine capacities are 1000 cc, 1000-1500 cc, 1500-2000 cc, and >2000 cc. The various propulsion types include IC engines and electric vehicles. The global passenger car market is segmented - 1) By Type: Hatchback, Sedan, Utility Vehicle 2) By Fuel Type: Gasoline, Diesel, Other Fuel Types 3) By Engine Capacity: <1000 cc, <1000-1500 cc, <1500-2000 cc, >2000 cc 4) By Propulsion Type: IC Engine, Electric Vehicle The global passenger car market size grew from $1506.73 billion in 2022 to $1657.79 billion in 2023 at a compound annual growth rate (CAGR) of 10.0%. 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 passenger car industry is expected to grow to $2372.13 billion in 2027 at a CAGR of 9.4%. Additive manufacturing is continuously evolving, and automobile manufacturers are now using 3D printing technology to reduce production time and costs. 3D printing creates a three-dimensional physical object using a digital design. It is being used to build prototypes of cars, concept models, design verification, and functional parts used in test vehicles and engines. Automobile manufacturers are also using 3D printing to build a variety of tools, jigs, and fixtures used in assembly and manufacturing processes. 3D printing helps in rapid prototyping, increases assembly-line efficiency, lowers turnaround time, improves flexibility in design, and reduces wastage of materials. Major companies in the passenger car market include Toyota Motor Corp, Volkswagen AG, Honda Motor Co Ltd., Ford Motor Co, Fiat Chrysler Automobiles NV, Hyundai Motor Co Ltd., EXOR Group, Nissan Motor Co Ltd., Daimler AG, and SAIC Motor Co ltd. Asia-Pacific was the largest region in the passenger car market in 2022. Western Europe was the second-largest region in the passenger car market. The regions covered in the passenger car market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the passenger car 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, Vietnam. The passenger car market consists of sales of pickup trucks, compact cars, and minivans. 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 passenger car market research report is one of a series of new reports from The Business Research Company that provides passenger car market statistics, including passenger car global market size, regional shares, competitors with a passenger car market share, detailed passenger car market segments, market trends and opportunities, and any further data you may need to thrive in the passenger car industry. This passenger car 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 automotive crankshaft transforms the force generated by combustion into circular motion in the engine required to propel a vehicle. The crankshaft is a heavy-duty component located at the engine's bottom and is typically constructed of steel or iron. It is connected to the pistons' bases through connecting rods that attach to crank pins at zig-zag offsets from the crankshaft's centerline. This arrangement allows the pistons' vertical movement to spin the crankshaft and generate rotational energy. The main types of automotive crankshafts are flat planes and cross-plane. The flat-plane crank tends to rev higher than its cross-plane counterpart because each crankpin journal (the bits the connecting rods attach to) is spaced at 180-degree intervals. The various materials include forged iron and steel, cast iron and steel, and others and include several types of vehicles such as heavy commercial vehicles, light commercial vehicles, luxury vehicles, passenger vehicles, sport utility vehicles, multi-utility vehicles, and others. The global automotive crankshaft market is segmented – 1) By Type: Flat Plane, Cross Plane 2) By Material: Forged Iron Or Steel, Cast Iron Or Steel, Other Materials 3) By Vehicle Type: Heavy Commercial Vehicles, Light Commercial Vehicles, Luxury Vehicles, Passenger Vehicles, Sport Utility Vehicles, Multi Utility Vehicles, Other Vehicle Types The global automotive crankshaft market size will grow from $4.47 billion in 2022 to $4.7 billion in 2023 at a compound annual growth rate (CAGR) of 5.0%. 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 size of automotive crankshaft market is expected to grow to $5.64 billion in 2027 at a CAGR of 4.7%. The adoption of new emission standards is significantly contributing to the growth of the automotive crankshaft market. The regulatory bodies of various countries are coming up with new emission guidelines to reduce pollution. The imposed mandatory emission control is directing automotive crankshaft manufacturers to manufacture more optimised crankshafts to fulfil production demand as it is a vital component of the internal combustion engine that is directly linked to emissions. For instance, according to the Hindu Business Line, a financial and business daily newspaper, the Indian government made it mandatory to follow BS-VI guidelines for vehicles from April 2020 to reduce pollution drastically. Hence, the adoption of new emission standards is expected to propel the growth of the automotive crankshaft market going forward. Major players in the automotive crankshaft market are Arrow Precision Ltd., Maschinenfabrik ALFING Kessler GMBH, Nippon Steel Integrated Crankshaft LLC, Tianrun Crankshaft Co. Ltd., ThyssenKrupp AG, Bharat Forge Limited, Crower Cams & Equipment Co Inc., Farndon Engineering, Bryant Racing, Ciguenales Sanz, Metalyst Forgings Limited, CIE Automotive, Kellogg Crankshaft, and Amtek Group. Technological innovation is a key trend gaining popularity in the automotive crankshaft market. Major companies operating in the automotive crankshaft sector are focused on developing new technological solutions and developing crankshafts with advanced technologies to reinforce their position. For instance, in March 2020, Honda, a Japan-based manufacturer of motorcycles, automobiles, and power equipment, designed a 3D printed crankshaft with 3D printing technology to reduce environmental impact through innovative manufacturing techniques and smart designs. The 3D printed crankshaft is more fuel-efficient and lighter with a 50% reduction in weight. In October 2021, MM Forgings Ltd., an India-based steel forgings company, acquired Cafoma Auto Parts for an amount of $4.4 million. MM Forgings aims to produce 60,000 machined crankshafts per month and hopes to become a full-service crankshaft supplier to a wide range of industries, including commercial vehicles, automotive, farm equipment, exports, industrial, and marine applications. Cafoma Auto Parts is an India-based company that manufactures engine components, including automotive crankshafts. Europe was the largest region in the automotive crankshaft market in 2022. The regions covered in the automotive crankshaft market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the automotive crankshaft market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The automotive crankshaft market consist of sales of cast, forged and billet crankshafts. 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 automotive crankshaft market research report is one of a series of new reports from The Business Research Company that provides automotive crankshaft market statistics, including automotive crankshaft industry global market size, regional shares, competitors with an automotive crankshaft market share, detailed automotive crankshaft market segments, market trends and opportunities, and any further data you may need to thrive in the automotive crankshaft industry. This automotive crankshaft 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.

Low-speed electric vehicles operate on an electric motor instead of an internal-combustion engine and generate power by burning a mix of fuel and gases. The low-speed electric vehicle consists of a motor vehicle with four wheels, a gross vehicle weight rating of 3,000 pounds or less, and can achieve a minimum speed of 20 miles per hour (mph) and a maximum speed of 25 mph. They are used for the transport of people and goods. The main types of low-speed electric vehicles are electric golf carts, electric personal utility vehicles, electric low-speed off-road vehicles, and electric low-speed heavy-duty vehicles. The electric golf cart refers to low-speed EVs that are being used in the form of golf carts to reduce fuel costs and increase efficiency. A golf cart refers to a small three-or four-wheeled battery-powered vehicle used to transport one or two golfers and their equipment around a golf course. The various types of voltages include 24v, 36v, 48v, 60v, 72v, and involve several batteries such as lithium-ion battery LSEV, lead-acid battery LSEV, and others. The various end-users are golf courses, hotels and resorts, tourist destinations, airports, and residential and commercial premises. The several applications include personal use, commercial use, and public utilities. The global low speed electric vehicle market is segmented - 1) By Vehicle Type: Electric Golf Cart, Electric Personal Utility Vehicle, Electric Low Speed Off-Road Vehicle, Electric Low Speed Heavy Duty Vehicle 2) By Battery: Lithium-Ion Battery LSEV, Lead-Acid Battery LSEV, Other Batteries 3) By Voltage: 24V, 36V, 48V, 60V, 72V 4) By Application: Personal Use, Commercial Use, Public Utilities 5) By End-User: Golf Courses, Hotels and Resorts, Tourist Destinations, Airports, Residential and Commercial Premises, Other End Users The global low speed electric vehicle market size will grow from $5.28 billion in 2022 to $6.04 billion in 2023 at a compound annual growth rate (CAGR) of 14.5%. 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 market size of global low speed electric vehicle is expected to grow to $9.93 billion in 2027 at a CAGR of 13.2%. Increasing fuel costs are expected to drive the growth of the low-speed electric vehicle market going forward. Fuels are substances that provide chemical or thermal energy when burned. This energy is required to carry out a variety of tasks and is either used in its natural state or converted to a usable form of energy with the help of machinery. Due to the increasing demand for vehicle fuel and supply chain concerns precipitated by Russia's invasion of Ukraine, the cost of fuel is increasing day by day, which creates an opportunity for electric vehicle manufacturers. For instance, according to the report published by BBC (British Broadcasting Company), a UK-based broadcasting network, in February 2022, the cost of petrol reached 148.02 pounds per liter ($1.869 a liter), while diesel hit a new record high of 151.57 pounds per liter ($1.914 a liter) in the UK, which is a significant increase compared to the September 2021 petrol price of 140 pounds ($1.76) and diesel price of 144 pounds ($1.81). Thus, the increasing fuel costs are driving the demand for the growth of the low-speed electric vehicle market. Major players in the low-speed electric vehicle market are AGT Electric Cars, Bintelli LLC, Bradshaw Electric Vehicles, Groupe Renault, HDK Electric Vehicles, Ingersoll Rand Inc., Ligier Group, Polaris Inc., Renault Group, Shandong Shifeng Group Company Limited, Speedway Electric, Textron Inc., Yamaha Motors Company Limited, Hitachi Automotive, Honda Motor Company Limited, and ICON Electric Vehicles. Product innovations have emerged as the key trend gaining popularity in the low-speed electric vehicle market. Major companies operating in the low-speed electric vehicle market are focused on developing technologically advanced products to strengthen their market position. For instance, in May 2022, Odysse, an India-based electric vehicle company, launched a new electric scooter with a waterproof battery and motor. With the help of research and development, it would improve the EV’s durability and significantly reduce maintenance and repairs for the customers. The newly launched scooter comes with two water-resistant IP 67 certified battery options, allowing for 150km of continuous travel on a single charge. In August 2021, Kaixin Auto Holdings, a China-based provider of used luxury cars and imported new cars, acquired Henan Yujie Times Automobile Company Limited for an undisclosed amount. This acquisition marks Kaixin’s official entry into China’s small-size EV market, which is forecasted to reach a 10 million vehicle scale over the next 5 years, according to Yujie. Henan Yujie Times Automobile Company Limited is a China-based manufacturer of electric vehicles and specializes in small-size multi-function electric vehicles. North America was the largest region in the low-speed electric vehicle market in 2022. The regions covered in the low-speed electric vehicle market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the low-speed electric vehicle market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The low-speed electric vehicle market consists of sales all-electric, plug-in hybrid electric and fuel cell electric vehicles. 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 low speed electric vehicle market research report is one of a series of new reports from The Business Research Company that provides low speed electric vehicle market statistics, including low speed electric vehicle industry global market size, regional shares, competitors with a low speed electric vehicle market share, detailed low speed electric vehicle market segments, market trends and opportunities, and any further data you may need to thrive in the low speed electric vehicle industry. This low-speed electric vehicle 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.

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 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 Mechanism The global electric bikes and scooters market size 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 market size of the electric bikes and scooters 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 bikes and scooters 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. 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. The lack of infrastructure for battery charging is a major restraint on the electric bikes and scooters 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 bikes and scooters 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 bikes and scooters 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. 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 analysis 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 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.

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 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 The global electric bikes market size will grow 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 size of electric bikes market 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-Pacificwas 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 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.

On-road motorcycles refer to on-road vehicles that are built with fiber and metallic frames with an engine and various mechanical and electronic components and are also known as street motorcycles. The on-road motorcycles are used to ride on paved roads and highways for everyday use. The main types of on-road motorcycles are sports bikes, cruiser motorcycles, touring motorcycles, and standard motorcycles. A sports bike refers to a motorcycle designed and optimized for speed, acceleration, and braking, and emphasizes top speed, acceleration, handling, braking, and grip. The various applications include personal and commercial. The various end-users include offline and online. The global on road motorcycles market is segmented - 1) By Type: Sports Bikes, Cruiser Motorcycles, Touring Motorcycles, Standard Motorcycles 2) By Application: Personal, Commercial 3) By End User: Offline, Online The global on-road motorcycles market size will grow from $56.12 billion in 2022 to $62.83 billion in 2023 at a compound annual growth rate (CAGR) of 12.0%. 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 market size of global on-road motorcycles is expected to grow to $98.79 billion in 2027 at a CAGR of 12.0%. The rising number of motorbike sports users is expected to propel the growth of the on-road motorcycles market going forward. Motorbike sport is a broad field that encompasses all sporting aspects of motorcycling. In motorbike racing and other motorbike sports, on-road bikes are used as they are much faster than off-road bikes and motorbike sports users use their on-road motorcycles for riding around the pits or staging areas of a motocross races and other motorbike sports. For instance, according to the Insurance Institute for Highway Safety (IIHS), a US-based non-profit organization, registration for the sports bike segment in the United States, raised from 4.17 lakh in 2019 to 4.31 lakh in 2022. Therefore, the rising number of motorbike sports users is driving the on-road motorcycles market. Major players in the on-road motorcycles market are Harley-Davidson Incorporation, Yamaha Motor Co Ltd., Ducati Motor Holding S.p.A, Honda Motor Co Ltd., Kawasaki Heavy Industries Ltd., BMW AG, Suzuki Motor Corporation, Hero MotoCorp Limited, Bajaj Auto Ltd., TVS Motor Company, Triumph Bikes, Aprilia, KTM Sportmotorcycle GmbH, Royal Enfield, and Moto Guzzi. Product innovation is a key trend gaining popularity in the on-road motorcycles market. Major companies operating in the on-road motorcycle market are developing new products to sustain their position in the on-road motorcycle market. For instance, in September 2022, MG, a British automotive marque, launched innovative MG4 electric car in the Europe. MG4 electric is the first in a range of MG vehicles that are built on sophisticated new MSP (Modular Scalable Platform) developed by SAIC. In April 2020, TVS Motor Company, an India-based motorcycle manufacturing company, acquired The Norton Motorcycle Company Limited for the deal amount of $19.15 million. Through this acquisition, TVS Motor Company aims to scale globally and strengthen its product portfolio to cater to the needs of its customers. The Norton Motorcycle Company Limited is a UK-based on-road motorcycle manufacturing brand, with a portfolio that includes the first road bikes based on race bikes, V4SS and V4RR. Asia-Pacific was the largest region in the on-road motorcycles market in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in on-road motorcycles market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the on-road motorcycles market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The on-road motorcycles market consists of sales of dual-sport bike, touring bike, supermotard/supermoto, scooter and bagger. 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 on-road motorcycles market research report is one of a series of new reports from The Business Research Company that provides on-road motorcycles market statistics, including on-road motorcycles industry global market size, regional shares, competitors with an on-road motorcycles market share, detailed on-road motorcycles market segments, market trends and opportunities, and any further data you may need to thrive in the on-road motorcycles industry. This on-road motorcycles 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.

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 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 The global shared mobility market size will grow 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 market size of the shared mobility 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 shared mobility market growth. 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. 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. 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 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.

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 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 The global two wheeler hub motor market size will grow 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 market size of global two wheeler hub motor 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. 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. 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. Asia-Pacific was the largest region in the two wheeler hub motor market in 2022. The regions covered in the global two wheeler hub motor market analysis 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 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.