The global electric motorcycles market is segmented based on vehicle range, battery type, voltage, and region. On the basis of vehicle range, the global market has been segmented into below 75 Miles, 75-100 Miles, and above 100 Miles. On the basis of battery type, the global market has been segmented into li-ion, lead acid, and nickel metal hydride. On the basis of voltage, the global market has been segmented into below 24 Volt, 24-48 volt, 48-60 volt, and above 60 volt.
The global electric motorcycles market is estimated to witness 10.35% CAGR from 2019–2025.
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Electric Motorcycles Market Prominent Players
The Prominent Players in the global electric motorcycles market global electric motorcycles market are 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), Torkmotors (India), Blacksmith Electric (India), Husqvarna Motorcycles GmbH (Austria), Electric Motion (France), LITO MOTORCYCLES (France), Razor USA LLC. (US), and Essence Motorcycles (France).
Electric motorcycles are two-wheelers that are powered by electricity. A battery pack and a motor are installed in an electric motorcycle to store and transform electricity. The entry of several huge original equipment manufacturers, declining battery prices and low operational and maintenance costs are the factors expected to fuel the growth of the global electric motorcycles market global electric motorcycles market during the forecast period. However, the lack of charging infrastructure and high cost of vehicles along with limited availability of electric motorcycles are expected to hamper the growth of the electric motorcycle market during the forecast period.
On the basis of vehicle range, the above 100 Miles segment is expected to register the highest growth rate during the forecast period in the global electric motorcycles market. This growth is attributed to the increasing demand for high range electric motorcycles in leisure and sports activities.
On the basis of battery type, the li-ion segment is expected to register the fastest CAGR during the forecast period in the global electric motorcycles market. The decreasing prices of li-ion batteries and the higher density of li-ion batteries than LA batteries, make them lighter and more efficient. Such factors are expected to drive the demand for li-ion batteries during the forecast period.
On the basis of region, the global market for electric motorcycles is segmented into North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific is expected to dominate the global electric motorcycles market during the forecast period. This growth is attributed to the increasing population, surge in traffic congestion, decreasing prices than the conventional vehicles, and increasing number of recently launched electric motorcycles and the rising environmental concerns.
Electric Motorcycles Market Industry News
- In 2019, Revolt Motors (India) launched the Revolt RV400 with the range of 156km per charge and can be plugged directly to a 15-ampere socket for a full charge in four hours. The motorcycle also comes up with a swappable battery that can be ordered via the company’s cell phone application and can be delivered to the desired location at a convenient time slot.
- In 2019, TACITA SRL (Italy), based in Torino, Italy, announced to enter the U S market. The company joins other US-based members of the electric motorcycle industry, including dominant players such as Zero Motorcycles and Lightning Motorcycles.
- In 2018, Zero Motorcycles Inc. (US) launched DSR Black Forest Edition designed exclusively for European consumers. The electric touring bike features Zero’s optional “Charge Tank” and a cruising range of up to 260 km.
- In 2018, Harley-Davidson, Inc. (US) launched its first electric motorcycle, the LiveWire with high-voltage battery (or RESS; Rechargeable Energy Storage System) composed of lithium-ion cells surrounded by a finned, cast-aluminum housing. The high-voltage battery provides 225 km of city range or 142 km of combined stop-and-go and highway range.
This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging and high-growth segments. The market data comprises the necessary assessment of the competitive scenarios and strategies in the global electric motorcycles market, including high-growth regions and/or countries, and political and economic environments. The project report further provides both, historical market values and pricing and cost analysis.
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