APAC Electric Scooters and Motorcycles Market

The growth of the market is majorly driven by the rising urbanization in the growing economies of the APAC region such as India and China, the increasing demand for the means of transport in small cities in the APAC region, and the growing environmental concern and awareness.

Request for Sample Copy of this Research Report At: https://www.psmarketresearch.com/market-analysis/apac-electric-scooters-and-motorcycles-market/report-sample

On the basis of battery type, the APAC electric scooters and motorcycles market is segmented into sealed lead acid (SLA) and lithium-ion (Li-ion) batteries. Among these, the volume sales of the SLA category accounted for a larger share, accounting for 85% contribution in 2017. However, the Li-ion category is expected to grow at a faster rate when compared to the SLA category during the forecast period, owing to their light weight and longer expected life.

On the basis of technology, the APAC electric scooters and motorcycles market is segmented into plug-in and battery types. Among these, the plug-in category recorded higher sales by volume, accounting for more than 90% share in the market in 2017. The category is expected to continue its dominance in terms of size against the battery category during the forecast period as well, owing to ease of convenience and the lack of battery swapping infrastructure in the region.

Governments of various countries in the region have been trying to raise awareness among the masses to adopt eco-friendly means of transport (electric, and hybrid-electric) through their awareness programs and initiatives..

Some of the key players in the APAC electric scooters and motorcycles market are Yadea Group Holdings Ltd., AIMA Technology Group Co. Ltd., Zhejiang Luyuan Electric Vehicle Co. Ltd., Jiangsu Xinri E-Vehicle Co. Ltd., Dongguan Tailing Electric Vehicle Co. Ltd., and VMOTO Limited.

The growth of the market is majorly driven by stringent government norms and regulations on emissions, increasing government support for electric vehicles, and declining battery prices.

On the basis of vehicle type, the electric bus market is segmented into battery electric bus (BEB), plug-in hybrid electric bus (PHEB), and hybrid electric bus (HEB). The BEB category recorded the highest sales by volume in in 2017, with a market share of more than 75%. Furthermore, the category is expected to continue being the largest vehicle type in the market, owing to the declining battery prices and the minimum levels of carbon emissions it offers.

Download Sample Copy of this Research At: https://www.psmarketresearch.com/market-analysis/electric-bus-market/report-sample

The air pollution caused due to the vehicles running on conventional fuels has become a major global concern, due to which, the policy makers around the globe are looking for an alternative to curb this problem. Although, in the last decade, the compressed natural gas (CNG) based bus has been used an a viable alternative to the ones that run on conventional fuel, electric bus is gaining popularity due to its zero carbon emission feature. Therefore, the electric bus market is expected to grow significantly during the forecast period.

A major portion of crude oil imports by the countries around the world is used in their public transport vehicles. These countries are looking to cut down their crude oil import bills by adopting electric vehicles. In spite of the high initial cost, electric buses offer low operating cost as compared to their conventional counterparts. Public transport authorities in developing economies are focusing more on long term environmental and cost benefits. Moreover, electric buses are less noisy and require less maintenance as compared to their conventional counterparts, thus contributing to the growth of the electric bus market around the world.

Some of the key players in the global electric bus market include AB Volvo, Zhengzhou Yutong Group Co. Ltd., Shenzhen Wuzhoulong Motors Co. Ltd., Daimler AG, BYD Company Limited, King Long United Automotive Industry Co. Ltd., Alexander Dennis Limited, New Flyer Industries Inc., EBUSCO, Solaris Bus & Coach S.A., and Proterra Inc.