In 2018, the European electric scooters and motorcycles market reached a value of $167.2 million and is projected to advance at a 26.2% CAGR during the forecast period (2019-2025). The market is growing due to the increasing concerns over greenhouse gas emissions, deployment of electric scooters for sharing services, implementation of stringent regulations regarding vehicular emissions, and traffic woes in primary European cities. Among low-powered motorcycle, scooter, and high-powered motorcycle, scooters are projected to account for the major share of the market during the forecast period, in terms of value and volume.
On the basis of cooling system, the European electric scooters and motorcycles market is categorized into forced air convection, natural convection, and liquid. Out of these, the natural convection category dominated the market during the historical period (2016-2018), and is further predicted to hold the largest share of the market during the forecast period, both in terms of value and volume. The liquid category is expected to grow at the fastest pace during the forecast period.
When geography is taken into consideration, France accounted for the major share of the European electric scooters and motorcycles market during the historical period; however, Spain is predicted to dominate the market during the forecast period, in terms of value. This is because of the increasing popularity of scooter sharing business in the country. In addition to this, the Spanish government is taking several initiatives on national as well as local levels for encouraging the adoption of electric vehicles.
The European electric scooters and motorcycles market is also witnessing significant growth due to the surging concerns over greenhouse gas emissions which is compelling the government to take different initiatives. The rapid environment degradation because of greenhouse gas emissions is the primary concern for governments around the world, which is why they are taking various initiatives in order to deal with this issue. The governments of European countries have incentivized the purchase of electric scooters and motorcycles for promoting the adoption of vehicles that are environment-friendly.
Thus, the market is growing due to the increasing traffic in the major European countries, rising concerns regarding greenhouse gas emissions, and deployment of electric scooters for sharing services.