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Electric Motorcycles Market

ID: MRFR/AT/6664-CR
180 Pages
Sejal Akre
December 2022

Electric Motorcycle Market Research Report Information By Vehicle Range (Below 75 Miles, 75-100 Miles, and Above 100 Miles), By Battery Type (Li-ion, Lead Acid, and Nickel Metal Hydride), By Voltage (Below 24 Volt, 24-48 volt, 48-60 volt, and Above 60 volt), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2035

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Electric Motorcycles Market Summary

As per MRFR analysis, The Global Electric Motorcycle was estimated at 9.804 USD Billion in 2024. The electric motorcycle industry is projected to grow from 10.97 USD Billion in 2025 to 33.77 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 11.9 during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Global Electric Motorcycle is poised for substantial growth driven by sustainability and technological advancements.

  • North America remains the largest market for electric motorcycles, reflecting a strong consumer shift towards sustainable transportation.
  • The Asia-Pacific region is emerging as the fastest-growing market, fueled by increasing urbanization and demand for eco-friendly mobility solutions.
  • The Below 75 Miles segment continues to dominate the market, while the Above 100 Miles segment is rapidly gaining traction among consumers seeking longer-range options.
  • Sustainability initiatives and technological innovations are key drivers propelling the market forward, as consumers increasingly prioritize eco-conscious choices.

Market Size & Forecast

2024 Market Size 9.804 (USD Billion)
2035 Market Size 33.77 (USD Billion)
CAGR (2025 - 2035) 11.9%

Major Players

Zero Motorcycles (US), Harley-Davidson (US), Energica Motor Company (IT), BMW Motorrad (DE), Honda Motor Co (JP), Kawasaki Heavy Industries (JP), Yamaha Motor Co (JP), Gogoro Inc (TW), Super Soco (CN)

Electric Motorcycles Market Trends

The Global Electric Motorcycle is currently experiencing a transformative phase characterized by a growing emphasis on sustainability and technological advancements. As environmental concerns gain traction, consumers are increasingly drawn to electric motorcycles as a viable alternative to traditional gasoline-powered vehicles. This shift is not merely a trend but appears to be a fundamental change in consumer preferences, driven by the desire for reduced carbon footprints and lower operating costs. Furthermore, advancements in battery technology and charging infrastructure are likely to enhance the appeal of electric motorcycles, making them more accessible and convenient for a broader audience. In addition to environmental considerations, The Global Electric Motorcycle is witnessing a surge in innovation, with manufacturers exploring new designs and features that cater to diverse consumer needs. The integration of smart technologies, such as connectivity and advanced safety features, seems to be a focal point for many companies. This evolution indicates a potential for increased competition among manufacturers, as they strive to differentiate their offerings in a rapidly expanding market. Overall, The Global Electric Motorcycle is poised for significant growth, driven by a combination of consumer demand, technological progress, and a collective push towards sustainable transportation solutions.

Sustainability Focus

The emphasis on eco-friendly transportation options is reshaping consumer choices, with electric motorcycles emerging as a preferred alternative. This trend reflects a broader societal shift towards sustainability, as individuals seek to minimize their environmental impact.

Technological Advancements

Innovations in battery technology and charging solutions are enhancing the practicality of electric motorcycles. These advancements are likely to improve performance, reduce charging times, and expand the range of electric motorcycles, making them more appealing to consumers.

Smart Features Integration

The incorporation of smart technologies into electric motorcycles is becoming increasingly prevalent. Features such as connectivity, navigation systems, and advanced safety mechanisms are attracting tech-savvy consumers, thereby broadening the market's appeal.

Electric Motorcycles Market Drivers

Urbanization Trends

Urbanization is a significant driver influencing the Electric Motorcycle Market. As urban populations continue to grow, the demand for efficient and compact transportation solutions increases. Electric motorcycles offer a practical alternative to traditional vehicles, particularly in congested urban areas. In 2025, the market is likely to benefit from this trend, as more cities implement policies favoring electric vehicles to reduce traffic congestion and pollution. The convenience of electric motorcycles in navigating through crowded streets makes them an attractive option for urban commuters. This shift towards electric mobility is expected to bolster the market's growth in urban settings.

Government Regulations

Government regulations are a key factor impacting the Electric Motorcycle Market. Many countries are implementing stricter emissions standards and promoting electric vehicles to reduce air pollution. In 2025, the market is anticipated to expand as regulatory frameworks become more favorable towards electric motorcycles. Incentives such as grants and rebates for manufacturers and consumers are likely to stimulate market growth. Furthermore, the establishment of charging infrastructure is often supported by government initiatives, making electric motorcycles more accessible. These regulations not only encourage manufacturers to innovate but also enhance consumer confidence in electric mobility.

Technological Innovations

Technological advancements play a crucial role in shaping the Electric Motorcycle Market. Innovations in battery technology, such as lithium-ion and solid-state batteries, have improved energy density and charging times, making electric motorcycles more appealing to consumers. In 2025, the market is expected to witness a surge in demand due to these advancements, with battery costs decreasing significantly over the past few years. Additionally, the integration of smart technologies, such as connectivity features and advanced safety systems, enhances the overall riding experience. These innovations not only attract tech-savvy consumers but also contribute to the overall growth of the market.

Sustainability Initiatives

The increasing emphasis on sustainability is a pivotal driver for the Electric Motorcycle Market. Governments and organizations are actively promoting eco-friendly transportation solutions to combat climate change. This has led to various incentives, such as tax rebates and subsidies for electric vehicle purchases. In 2025, the market is projected to grow significantly, with an estimated increase in sales driven by these initiatives. The shift towards renewable energy sources further complements this trend, as electric motorcycles are often powered by cleaner energy. As consumers become more environmentally conscious, the demand for electric motorcycles is likely to rise, thereby enhancing the market's growth prospects.

Consumer Awareness and Acceptance

Consumer awareness and acceptance are vital drivers for the Electric Motorcycle Market. As information about the benefits of electric motorcycles becomes more widespread, potential buyers are increasingly considering them as viable alternatives to traditional motorcycles. In 2025, the market is expected to see a rise in sales as consumers become more informed about the cost savings associated with electric motorcycles, including lower maintenance and fuel costs. Additionally, the growing acceptance of electric vehicles in general contributes to this trend. As more individuals recognize the advantages of electric motorcycles, the market is likely to experience substantial growth.

Market Segment Insights

Electric Motorcycle Vehicle Range Insights

The Electric Motorcycle Market segmentation, based on vehicle range, includes below 75 miles, 75-100 miles, and above 100 miles. The above 100 miles segment held the majority share in 2021 of the Electric Motorcycle Market revenue. An Battery-powered bikes with more than 130 miles (210 km) has an extraordinarily long range. As a result, while electric vehicles perform admirably as daily commuters covering a fixed roundtrip route, passengers encounter disabling range anxiety when driving on open roads.

Electric Motorcycle Battery Type Insights

The E-motorcycles Market segmentation, based on battery type, includes li-ion, lead acid, and nickel metal hydride. The lead-acid segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period 2024-2030. Comparing lead-based batteries to other battery types, they are more economical. These batteries are also called maintenance-free because they are simple to maintain and recharge. Lead-based batteries are available in various forms, voltages, amperages, and dimensions. Since they typically do not allow for the addition or loss of liquid, these batteries are typically sealed, which positively impacts the market growth.

Electric Motorcycle Voltage Insights

The Electric Motorcycle Market data has been bifurcated by voltage into below 24 volts, 24-48 volts, 48-60 volts, and above 60 volts. The above 60 volts segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period 2022-2030. Electric motorcycle with a greater driving range and weight-bearing capability require batteries with voltages of more than 60V. This kind of battery is employed in vintage Zero-emission bikes since they need a large capacity and a lengthy travel range.

Figure 2: Electric Motorcycle Market by Voltage, 2021 & 2030 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Get more detailed insights about Electric Motorcycles Market

Regional Insights

North America : Leading Electric Motorcycle Market

North America is the largest market for electric motorcycles, holding approximately 40% of the global share. The growth is driven by increasing environmental awareness, government incentives, and advancements in battery technology. Regulatory support, such as tax credits and rebates, further catalyzes demand. The U.S. and Canada are the primary contributors, with a growing consumer base seeking sustainable transportation options. The competitive landscape features key players like Zero Motorcycles and Harley-Davidson, which are innovating to capture market share. The presence of established automotive manufacturers, such as Honda and BMW, also enhances competition. As infrastructure for electric vehicles expands, the market is expected to grow, with more consumers opting for electric motorcycles as a viable alternative to traditional vehicles.

Europe : Innovative Electric Mobility Hub

Europe is the second-largest market for electric motorcycles, accounting for around 30% of the global market share. The region benefits from stringent emissions regulations and a strong push towards sustainable transport solutions. Countries like Germany, France, and the Netherlands are leading the charge, supported by government initiatives aimed at reducing carbon footprints and promoting electric mobility. The competitive landscape is vibrant, with key players such as BMW Motorrad and Energica Motor Company leading innovation. The presence of numerous startups and established manufacturers fosters a dynamic market environment. As charging infrastructure improves and consumer awareness increases, the demand for electric motorcycles is expected to rise significantly, making Europe a pivotal player in the global market.

Asia-Pacific : Emerging Market Potential

Asia-Pacific is rapidly emerging as a significant player in the electric motorcycle market, holding approximately 25% of the global share. The region's growth is fueled by rising urbanization, increasing disposable incomes, and government initiatives promoting electric vehicles. Countries like China and Japan are at the forefront, with substantial investments in electric mobility and infrastructure development. China, in particular, is a leader in electric motorcycle production, with companies like Gogoro and Super Soco driving innovation. The competitive landscape is characterized by a mix of local manufacturers and international players. As consumer preferences shift towards eco-friendly transportation, the market is poised for substantial growth, supported by favorable policies and technological advancements.

Middle East and Africa : Untapped Market Opportunities

The Middle East and Africa represent an emerging frontier in the electric motorcycle market, holding about 5% of the global share. The region's growth is driven by increasing urbanization, a young population, and government initiatives aimed at promoting sustainable transport. Countries like South Africa and the UAE are beginning to adopt electric mobility solutions, supported by investments in charging infrastructure and favorable regulations. The competitive landscape is still developing, with a few local players and international brands exploring market entry. As awareness of electric motorcycles grows and infrastructure improves, the region is expected to see a gradual increase in adoption. The potential for growth is significant, making it an attractive market for future investments.

Electric Motorcycles Market Regional Image

Key Players and Competitive Insights

The Global Electric Motorcycle is currently characterized by a dynamic competitive landscape, driven by increasing consumer demand for sustainable transportation solutions and advancements in battery technology. Key players such as Zero Motorcycles (US), Harley-Davidson (US), and Energica Motor Company (IT) are strategically positioning themselves through innovation and regional expansion. Zero Motorcycles (US) focuses on high-performance electric motorcycles, emphasizing cutting-edge technology and sustainability. Harley-Davidson (US), traditionally known for its heavyweight motorcycles, is pivoting towards electric models, aiming to capture a younger demographic. Energica Motor Company (IT) is leveraging its expertise in high-performance electric motorcycles to carve out a niche in the premium segment, thereby shaping the competitive environment through differentiation.

The market structure appears moderately fragmented, with numerous players vying for market share. Key business tactics such as localizing manufacturing and optimizing supply chains are becoming increasingly prevalent. For instance, companies are establishing production facilities closer to key markets to reduce costs and enhance responsiveness. This strategy not only improves operational efficiency but also allows for better alignment with local consumer preferences, thereby influencing the competitive dynamics of the market.

In August 2025, Harley-Davidson (US) announced the launch of its new electric motorcycle model, the LiveWire 2, which is designed to appeal to urban riders seeking performance and style. This strategic move is significant as it represents Harley's commitment to electrification and its efforts to rejuvenate its brand image among younger consumers. The introduction of this model is likely to enhance Harley's competitive positioning in the electric motorcycle segment, potentially attracting a new customer base.

In September 2025, Zero Motorcycles (US) unveiled a partnership with a leading battery manufacturer to develop next-generation battery technology aimed at increasing range and reducing charging times. This collaboration underscores Zero's focus on innovation and its intent to maintain a competitive edge in performance. By enhancing battery capabilities, Zero Motorcycles may solidify its reputation as a leader in high-performance electric motorcycles, appealing to enthusiasts and eco-conscious consumers alike.

In July 2025, Energica Motor Company (IT) expanded its distribution network by entering into a strategic alliance with a prominent European automotive group. This partnership is poised to enhance Energica's market reach and brand visibility across Europe, a region that is increasingly prioritizing electric mobility. The expansion is indicative of Energica's strategy to leverage partnerships for growth, thereby positioning itself favorably in a competitive landscape that is rapidly evolving.

As of October 2025, current trends in The Global Electric Motorcycle indicate a strong emphasis on digitalization, sustainability, and the integration of artificial intelligence in product development and customer engagement. Strategic alliances are playing a crucial role in shaping the competitive landscape, enabling companies to pool resources and expertise. Looking ahead, competitive differentiation is likely to evolve from traditional price-based competition to a focus on innovation, technological advancements, and supply chain reliability. This shift suggests that companies that prioritize R&D and sustainable practices will be better positioned to thrive in an increasingly competitive market.

Key Companies in the Electric Motorcycles Market market include

Industry Developments

May 2025: Iconic Indian brand Royal Enfield to launch its first electric motorcycles: the Flying Flea C6 (due Q4 FY 2026) followed by the S6 model. This milestone marks Enfield’s formal entry into the EV space and underscores increasing adoption of electric two-wheelers in India’s mass-market and lifestyle segments.

July 2024: Announcing its gorgeous FS 450 for 2025, Husqvarna Mobility is thrilled. The incredibly talented short circuit racer, which has undergone numerous revisions for the new model year, is still the benchmark for pure supermoto performance. Along with updated frame and ergonomics, new WP XACT Closed Cartridge forks, radiator shrouds, and smaller footrests increase rideability and elevate the on-track experience to a whole new level. 

All serious competitors choose the FS 450 supermoto model. WP XACT Closed Cartridge front forks and a redesigned frame for 2025, when combined with competition-focused components, improve the agile machine's overall handling and balance, particularly when navigating corners.

May 2023: The industry leader in scooter and wheeled goods innovation, Razor USA, is pleased to present the Rambler 20, an adult-sized lithium-ion powered e-bike that allows riders to fully adjust the amount of pedal assist and electric power. Attractive, useful, and reasonably priced, this strong new car adds to Razor's wide range of adult-specific electric vehicles. A comfortable commute around town, across campus, or along the coast is provided by the Rambler 20, which has a retro-inspired mint and chocolate-colored frame, oversized balloon tires, and a padded bench seat.

Future Outlook

Electric Motorcycles Market Future Outlook

The Global Electric Motorcycle is projected to grow at 11.9% CAGR from 2024 to 2035, driven by technological advancements, increasing environmental awareness, and supportive government policies.

New opportunities lie in:

  • Expansion of battery swapping infrastructure in urban areas.
  • Development of subscription-based electric motorcycle services.
  • Partnerships with ride-sharing platforms for electric fleet integration.

By 2035, the market is expected to be robust, reflecting substantial growth and innovation.

Market Segmentation

Electric Motorcycles Market Voltage Outlook

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

Electric Motorcycles Market Battery Type Outlook

  • Li-ion
  • Lead Acid
  • Nickel Metal Hydride

Electric Motorcycles Market Vehicle Range Outlook

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

Report Scope

MARKET SIZE 2024 9.804(USD Billion)
MARKET SIZE 2025 10.97(USD Billion)
MARKET SIZE 2035 33.77(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR) 11.9% (2024 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Billion
Key Companies Profiled Market analysis in progress
Segments Covered Market segmentation analysis in progress
Key Market Opportunities Growing consumer preference for sustainable transportation fuels expansion in The Global Electric Motorcycle.
Key Market Dynamics Rising consumer demand for sustainable transportation drives innovation and competition in the electric motorcycle sector.
Countries Covered North America, Europe, APAC, South America, MEA

Market Highlights

Author
Sejal Akre
Senior Research Analyst

She has over 5 years of rich experience, in market research and consulting providing valuable market insights to client. Hands on expertise in management consulting, and extensive knowledge in domain including ICT, Automotive & Transportation and Aerospace & Defense. She is skilled in Go-to market strategy, industry analysis, market sizing, in depth company profiling, competitive intelligence & benchmarking and value chain amongst others.

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FAQs

What is the current valuation of The Global Electric Motorcycle?

The market valuation reached 9.804 USD Billion in 2024.

What is the projected market size for The Global Electric Motorcycle by 2035?

The market is expected to grow to 33.77 USD Billion by 2035.

What is the expected CAGR for The Global Electric Motorcycle during the forecast period?

The market is projected to experience a CAGR of 11.9% from 2025 to 2035.

Which companies are considered key players in The Global Electric Motorcycle?

Key players include Zero Motorcycles, Harley-Davidson, Energica Motor Company, BMW Motorrad, Honda Motor Co, Kawasaki Heavy Industries, Yamaha Motor Co, Gogoro Inc, and Super Soco.

How does the vehicle range segment perform in terms of market valuation?

The vehicle range segment shows valuations of 2.941 USD Billion for below 75 miles, 3.922 USD Billion for 75-100 miles, and 2.941 USD Billion for above 100 miles.

What are the market valuations for different battery types in The Global Electric Motorcycle?

The battery type segment indicates valuations of 5.0 USD Billion for Li-ion, 2.5 USD Billion for Lead Acid, and 2.304 USD Billion for Nickel Metal Hydride.

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