Global Electric Motorcycle Market by Vehicle Range (Below 75 Miles, 75-100 Miles and Above 100 Miles), Battery Types (Li-ion, Lead Acid and Nickel Metal Hydride), Voltage (Below 24 Volt, 24-48 volt, 48-60 volt and Above 60 volt), and Regions (Asia Pacific

The global electric motorcycle market is projected to expand at a substantial CAGR during the forecast period. This growth is attributed to the increasing concerns of consumers pertaining to environmental pollution, surging price of fuel and favorable government initiatives for adoption of electric motorcycle. Electric motorcycles use electricity as a transportation fuel. The electric motorcycle, unlike electric scooters, electric bikes, electric bicycles, and electric mopeds, is a two-wheeled vehicle powered by a motor. They are designed for higher speeds and are equipped with better acceleration and high-speed handling characteristics. They are capable of slow urban commutes or highway speeds and beyond. Electric motorcycles offer more wind protection than moped and scooters and generally have some cargo storage available. Depletion of oil reserves and the government initiatives to increase the adoption of electric vehicles have led to the development of alternative solutions, increasing investments in vehicle charging infrastructure, increasing interest from large scale manufacturers and decline in battery costs, which are expected to boost the demand for electric motorcycles during the forecast period

Market Trends, Drivers, Restraints, and Opportunities:

• Increasing price of fuel in urban areas are driving the growth of the electric motorcycle market.
• Government and some private organizations in various countries are supporting the consumers to use electric motorcycle as their primary mode of transportation in order to reduce the pollution. This, in turn, is driving the growth for the market.
• Lack of charging infrastructure network, high costs involved in initial investments, and performance constraints are key restraint of the market.
• The lithium batteries on which e-bikes work have the habit of losing capacity over time. This could hamper the growth of the market.
• The government has played a defining role in driving demand of global electric motorcycle market. Favorable government initiatives to reduce pollution are going to foster the growth of the market during the forecast period.

Scope of the Report

The report on the global electric motorcycle market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report. AttributesDetailsBase Year2019Historic Data2018–2019Forecast Period2020–2026Regional ScopeAsia Pacific, Europe, North America, the Middle East & Africa, and Latin AmericaReport CoverageCompany Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Global Electric Motorcycle Market Segment Insights:

Based on vehicle range, the global electric motorcycle market is divided into below 75 Miles, 75-100 Miles, and above 100 Miles. The average range of electric motorcycles depends on a variety of factors including battery size, average speed, terrain, rider weight, and more. In terms of battery type, the market is fragmented into li-ion, lead acid and nickel metal hydride. Lithium-ion (li-ion) batteries are the default battery for every electric bike available in the market. They are used in 90% of electric bikes in the market and produce more power output for their weight than the other types of batteries. Lead acid batteries are very cheap, offer less power output and are very heavy. Based on voltage, the global market has been segmented into below 24 Volt, 24-48-volt, 48-60 volt, and above 60 volts. 24-48 Volts is the ideal voltage power. The typical battery is 36V on most e-motorcycles with some at 24V and some at 48V. Once a battery drops below 12 volts, bike will struggle and are considered to be dead. On the basis of regions, the global electric motorcycle market is segmented into Asia Pacific, Europe, North America, the Middle East & Africa, and Latin America. The market of Asia Pacific is expected to be the largest market in the forecast period. This is attributed to the rising demand for greener transportation coupled with several initiatives by private organizations as well as governments of the countries. Rapidly growing economy in China is driving the expansion of advanced technologies to improve electrification in the country. China is expected to spend approximately USD 2.4 billion by 2020 to improve the charging facility infrastructure in the country. The Indian government is taking initiatives such as FAME-II and offering subsidies and tax exemptions to buyers to promote electric motorcycle buyers.

Competitive Landscape:

Major companies in the global electric motorcycle market are lacksmith Electric (India), Husqvarna Motorcycles GmbH (Austria), Electric Motion (France), LITO MOTORCYCLES (France), Razor USA LLC. (US), and Essence Motorcycles (France) Zero Motorcycles Inc. (US), Harley-Davidson, Inc. (US), Revolt Motors (India), Energica Motor Company S.p.A. (Italy), Bell Custom Cycles (BCC) (US), Johammer e-mobility GmbH (Germany), Alta Motors (US), TACITA SRL (Italy), and Torkmotors (India). The market players are engaged in product development to amplify their market share and gain traction in global marketplace. The companies are engaging in strategic acquisitions such as product launches, R&D, agreements, and collaborations to gain market share and competitive advantage through combined synergies.

The Global Electric Motorcycle Market has been segmented on the basis of

Vehicle Range

• Below 75 Miles
• 75-100 Miles
• Above 100 Miles

Battery Types

• Li-ion
• Lead Acid
• Nickel Metal Hydride

Voltages

• Below 24 Volt
• 24-48 volt
• 48-60 volt
• Above 60 volts

Regions

• Asia Pacific
• Europe
• North America
• Middle East & Africa
• Latin America