Electric Bike and Scooter Market Trending in Europe Region

The European electric scooters and motorcycles market is expected to reach $892.4 million by 2025, with a CAGR of 26.2% during the forecast period, according to P&S Intelligence.

The major driving factors for the growth of the market are deployment of electric scooters for sharing services, rising concerns over greenhouse gas emissions, government initiatives, and implementation of stringent emission regulations.

The rising concerns over greenhouse gas emissions coupled with introduction of several government initiatives is a major factor for the growth of the European electric scooters and motorcycles market. Accelerating rate of environmental degradation caused by greenhouse gas emissions has become a major concern for governments across the world. This has resulted in various government initiatives to reduce carbon emissions on a large scale.

For instance, the Italian government has recently enacted a legislation to provide subsidies on electric scooter purchases, and the scheme is valid through 2019. The government has allocated $11.34 million (EUR 10 million) to support the scheme. Thus, such initiatives by the government to increase the adoption of electric vehicles as an effort to reduce carbon emissions are driving the European electric scooters and motorcycles market.

Implementation of stringent emission regulations acting as a major driverIncreased demand for high-powered electric motorcycles is a key trend witnessed in the market

The demand for high-powered electric motorcycles is increasing in the European countries. Due to their higher power levels, electric motorcycles witnessed over 100% increase in their sales in 2018, from the preceding year. Many original equipment manufacturers (OEMs) of conventional gasoline-based vehicles have announced their plans of introducing high-powered electric motorcycles in the near future. Thus, the increasing demand for electric motorcycles with high-power engine is one of the key trends observed in the European electric scooters and motorcycles market.

France was the largest electric scooters and motorcycles market in 2018
France held the largest share in the European electric scooters and motorcycles market during the historical period, accounting for over 25% sales volume in 2018. However, Spain is expected to be the largest market for electric scooters and motorcycles in Europe during the forecast period. This is due to the fact that introduction of scooter sharing business is getting popular in major cities of the country and many new players have started their operation in Barcelona as the scooter culture is vibrant in the city.

Some of the major players operating in the European electric scooters and motorcycles market are GOVECS AG, Gogoro Inc., TORROT ELECTRIC EUROPA S.A., Kwang Yang Motor Co. Ltd., unu GmbH, BMW AG, Niu Technologies, Askoll EVA SpA, Zero Motorcycles Inc., Lightning Motors Corp., Alta Motors, Scutum Logistic S.L., emco electroroller GmbH, ETRIX AG, and Piaggio & C. SpA.

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Fuel Cell Vehicle Market is Set to Boom In Near Future

The global fuel cell vehicle market is expected to witness notable growth during 2019–2024 on account of the growing implementation of stringent emission norms with respect to vehicular pollution and the increasing government initiatives to encourage the adoption of fuel cell vehicles across the world. The growing concern over rising pollution levels is resulting in a shift from conventional fuel to green fuel technologies. Moreover, higher fuel efficiency and improved driving range associated with fuel cell technology are driving the market for these vehicles, globally.
On the basis of vehicle type, the fuel cell vehicle market can be classified into passenger and commercial vehicles. Between the two, the commercial vehicles category is expected to register faster growth during the forecast period. This is because fuel cell offers greater mileage than conventional fuel, which further encourages its adoption more in long-haul commercial vehicles. Thus, fuel cell enables commercial vehicles to run greater distance without the need for refueling. Moreover, hydrogen fuel is much lighter than conventional fuel, which further makes commercial trucks and buses lighter.

During the historical period, North America, led by the U.S., dominated the fuel cell vehicle market globally, wherein the country alone held over 50.0% share in the total vehicle sales in 2018. The U.S. government’s support for new energy vehicles, complemented by its plans of ending the sales of conventional vehicles, is expected to propel the demand for fuel cell vehicles in the region. Further, Japan held the second-largest market share, with over 34.0% in terms of volume, followed by European countries, who collectively held around 9.0% share.

Growth Drivers
The fuel cell vehicle market is primarily driven by the regulatory framework of countries across the world. This regulatory framework primarily includes country-level emission standards, local policies, and fuel-efficiency norms. For instance, the European Union is committed to reducing vehicular emissions by 80% by 2050, from the 1990 levels, by focusing on encouraging the adoption of green vehicles. Further, the U.S. Environmental Protection Act (EPA) focuses on implementing fuel cell electric vehicles (FCEVs) to reduce carbon dioxide emissions. Many other countries have also planned to ban the production and sale of gasoline and diesel vehicles in the long term. For instance, Norway, France, the U.K., India, and the Netherlands have plans to ban the production and sale of such vehicles over the 2025–2040 period. Thus, the growing concern over carbon dioxide emissions around the world is leading to the phase-out of conventional vehicles, which, in turn, is benefiting the fuel cell vehicle market.

Competitive Landscape
The global fuel cell vehicle market is consolidated, with three major vehicle manufacturers, namely Toyota Motor Corporation, Honda Motor Co. Ltd., and Hyundai Motor Company, dominating it. Further, it is expected that a total of 11 automobile manufacturers would offer these vehicles by 2021. A few other key players planning to enter the market include Daimler AG, Bayerische Motoren Werke AG (BMW), General Motors Company, Volvo AB, and AUDI AG.

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Automotive Refinish Coatings Market Overview, with Recent Technologies, Applications, Growth, Insights and Status 2024

The segments of the automotive refinish coatings market are vehicle age, product type, auto type, resin type, and technology. The auto type segment is subdivided into commercial vehicles, cars, two-wheelers, and others. in 2017, the cars category dominated the market in terms of revenue generation by holding a share of 70.1%. This can be attributed to the rise in accidental insurance claims. The second-largest category was commercial vehicles, owing to the increasing popularity of RVs in developed nations.

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Based on technology, the automotive refinish coatings market categories are UV-cured, water-borne, and solvent-borne coatings. The solvent-borne category accounted for close to 60.0% share in terms of volume in 2017, as these are more cost-effective than other technologies. Owing to the demand for eco-friendly technologies in order to comply with low volatile organic compound emission regulations, the water-borne category is expected to be the fastest growing during the forecast period. 

On the basis of product, the automotive refinish coatings market is segmented into clearcoats, basecoats, primers and fillers, and others. In terms of value, the clearcoats category has been dominating the market, with an estimated contribution of more than 35.0% in 2017. Primers and fillers are expected to register significant growth during the forecast period, with 4.8% CAGR.

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Globally, Asia-Pacific has been the largest automotive refinish coatings market, with an estimated contribution of more than 30.0% in 2017. This can be attributed to the increase in the number of collisions in developing countries due to increased congestion and population, growing GDP of the region, and increase in the demand of vehicles in countries such as China, India, and Vietnam, among others. Moreover, the increasing commercial fleet due to logistics demand, and the rise in disposable income driving the rental cab service market, are few other factors driving the demand for the automotive refinish coatings in Asia-Pacific.

Therefore, the market for automotive refinish coatings is slated to advance during the forecast period owing to the growing number of vehicles on the road and resulting accidents.

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Increasing Prevalence of Skin Diseases Escalating the U.S. Scar Treatment Market Progress

According to P&S intelligence, the U.S. scar treatment market was valued at $6.3 billion in terms of revenue in 2017 and it is estimated to register a CAGR of 10.4% during the forecast period (2018–2023). The market progress is backed by the increasing prevalence of skin problems, advancements in dermatological device technologies, growing number of road accidents, rise in the volume of surgeries, surging awareness about several scar treatments, and growing spending on personal care.

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Scar treatment simply refers to the treatment of marks appearing on the skin surface after it is damaged. It consists of products used and therapies conducted by cosmetologists, dermatologists, and other skin specialists for either completely removing the scars or making these less visible. Based on the type of treatment, the U.S. scar treatment market is classified into surface, topical, laser, injectable, and surgical categories. Among all, the topical category accounted for 61.2% revenue contribution to the market in 2017.

During the historical period 2013–2017, home-use  was the largest end-user category in the U.S. scar treatment market in 2017 with 36.8% revenue share; this segment also includes hospitals, dermatology clinics, and others.  This was because of higher disposable income, which led to more spending on personal care and increased use of creams, gels and oils for the reduction or removal of scars, owing to their effectiveness.

The growing prevalence of skin diseases is one of the most significant factors backing the growth of the scar treatment market. The prevalence of skin diseases has been growing, owing to excessive exposure to pollution and ultraviolet radiation, which lead to sunburns, hair loss, and reduced skin elasticity. There are several other skin problems, such as burns, acne, post- surgical marks, and stretch marks, that can lead to scar formation. Acne affects the majority of the world population; according to the American Academy of Dermatology (AAD), nearly 85.0% of people in the U.S. had faced acne issues at some point in their lives.

Hence, due to the increasing prevalence of skin issues, primarily because of changing environment, rising pollution, and growing surgeries, the U.S. scar treatment market is expected to grow in the near future. 

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What are the market space and limitations by the Surgical Glue key sellers?

The increasing healthcare expenditure, surging geriatric population, and escalating popularity of plastic surgeries are some of the factors driving the growth of the surgical glue market. In 2017, the market generated a revenue of $3,810.5 million, and it is predicted to attain a size of $6,936.5 million by 2023, progressing at a CAGR of 10.6% during 2018–2023 (forecast period). Surgical glue refers to a synthetic or biological material used after traumatic injuries and surgeries to prevent liquid or air leakage in wounds. 

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Based on type, the surgical glue market is classified into fibrin sealant, collagen-based compound, cyanoacrylate, hydrogel, and glutaraldehyde. Out of these, in 2017, the fibrin sealant classification held the largest revenue share of more than 45.0% in the market, and it is expected to continue leading it during the forecast period. This dominance is ascribed to the rising adoption of fibrin sealant and related products for a variety of applications and its natural origin; it is extracted from animal or human blood cells, thus is more compatible with humans. 

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On the basis of end user, the surgical glue market is broadly categorized into hospitals and clinics. Of these, in 2017, the hospital category dominated the market with a revenue contribution of more than 80.0%, and it is anticipated to maintain its lead during the forecast period. This is attributed to the intricate major surgeries, including pulmonary, vascular, and cardiac, which are mainly performed in hospitals, as these healthcare centers can best provide patients undergoing such procedures with the high level of care they require over several days. 

In addition, the worldwide population is exhibiting an increasing life expectancy and a fall in the birth rate, resulting in a surge in the geriatric population. Aged people, due to their low immunity levels, are more prone to infections during postsurgical procedures, therefore, there are high chances of repeated surgeries, which in turn, escalate the use of surgical glue. Yet another factor leading to the growth of the surgical glue market is the rise in the number of burn cases as burn wound treatment often involves the use of surgical glue.

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How are Increasing Sales of Electric Vehicles Driving Electric Motor Market?

In 2017, about 1 million electric cars were sold globally, with China emerging as the world’s largest electric car market, as approximately 580,000 electric cars were sold in the country in 2017. The requirement for electric vehicles is increasing due to the surging air pollution levels. In order to deal with this alarming situation, the governments of various countries are implementing strict rules and regulations and initiatives (subsidies).

For instance, the Chinese government allotted a subsidy of over $10,000 per vehicle in 2017, because of which the adoption of electric vehicles rose by 42% from 2016 in the country. An electric motor is a vital component of electric vehicles, and since the demand for electric vehicles is growing, the requirement for electric motors is also increasing.

In simple terms, an electric motor converts electric energy into mechanical energy, and can be powered by a direct current (DC) source or an alternate current (AC) source. The global electric motor market generated a revenue of $108.5 billion in 2017, and it is expected to reach $155.1 billion, witnessing a CAGR of 6.2%, in the near future.

Various applications of electric motors are transportation, household, motor vehicles, heating, ventilation, and air conditioning equipment, and industrial machinery. Among all the applications, the largest demand for electric motor was generated by motor vehicles due to the above-mentioned factor during 2013–2017.

Since the need for electric vehicles to deal with the rising pollution levels is only going to increase in the future, the application of motor vehicles will continue to create the highest demand for electric motors.

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Growing Trend of Electric Scooters and Motorcycles in Indian Market

The Indian electric scooters and motorcycles market is predicted to generate a revenue of $698.3 million by 2025, progressing at a 36.3% CAGR during the forecast period. The increasing concerns toward greenhouse gas emissions (GHG), leading to various government initiatives and the formulation of strict emission regulations, are some of the key factors responsible for the growth of the market. In addition, the entrance of new and existence of established manufacturers, as well as the introduction of various new variants of electric scooters, are projected to augment the market growth during the forecast period.

Based on battery type, the Indian Electric Bike market is bifurcated into lithium-ion (Li-ion) and sealed lead acid (SLA). Of these, the sealed lead acid battery bifurcation led the market of two-wheelers in India in terms of sales volume. This is attributed to the fact that SLA batteries are comparatively lower priced than Li-ion batteries. However, in recent years, Li-ion batteries costs have fallen rapidly, helping the segment grow at a significant pace.

Additionally, government support for Li-ion battery-based electric scooters under the Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicles (FAME II) scheme is also predicted to benefit the category during the forecast period. The Indian government is strengthening the electric vehicles market by offering subsidies on their purchase. These subsidies have also aided the Indian electric scooters and motorcycles market by making electric two-wheelers more affordable for customers.

Under the Fame II scheme, the government has introduced a subsidy of up to $369 on the purchase of electric two-wheelers, on the basis of battery size. This is making electric two-wheelers more reasonable for customers, which is further driving the growth of the Indian electric scooters and motorcycles market. In India, while the majority of the electric scooters and motorcycles are powered by SLA batteries, the share of Li-ion batteries is predicted to surge owing to their reducing prices and more benefits compared to lead acid ones.

Each SLA battery consists of 10–20 kg of lead, which is an extremely toxic substance. The sealed lead acid batteries have a lower density than the Li-ion batteries, making the latter efficient and lighter. In addition, Li-ion batteries have a longer life span (over 2,000 charge cycles) than SLA batteries (maximum 400 charges). Furthermore, during the forecast period, the decreasing price of Li-ion batteries is expected to help increase their consumption in the Indian electric scooters and motorcycles market. Hero Electric Vehicles Pvt. Ltd., Lohia Auto Industries, and Electrotherm (India) Ltd. are some of the key players operating in the market. 

INDIA ELECTRIC SCOOTERS AND MOTORCYCLES MARKET SEGMENTATION

Market Segmentation by Product

·                     Scooter

·                     Motorcycle

Market Segmentation by Battery Type

·                     Sealed Lead Acid

·                     Li-Ion

Market Segmentation by Voltage

·                     36 V

·                     48 V

·                     60 V

·                     72 V

Market Segmentation by Technology

·                     Removable

·                     Non-Removable

Market Segmentation by Maximum Speed

·                     <25 Km/h

·                     25–50 Km/h

·                     >50 Km/h

Market Segmentation by Power

·                     <1 kW

·                     >1 kW

Market Segmentation by Charging Time

·                     <4 h

·                     4–6 h

·                     >6 h

Market Segmentation by State

·                     Uttar Pradesh

·                     Maharashtra

·                     West Bengal

·                     Gujarat

·                     Tamil Nadu

·                     Delhi

·                     Rajasthan

·                     Karnataka

·                     Haryana

·                     Madhya Pradesh

·                     Others

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