Electric Motorcycle Market Research Report - Global Forecast till 2030

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 2030

ID: MRFR/AM/6664-CR | | Region: Global | 180 Pages         

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Global Electric Motorcycle Market Overview:


Electric Motorcycle Market Size was valued at USD 7.00 billion in 2021. The electric motorcycle market industry is projected to grow from USD 7.83 billion in 2022 to USD 17.21 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 11.90% during the forecast period (2022 - 2030). Increasing interests in manufacturing infrastructure involving vehicle charging and a decline in the costs of battery manufacturing are the key market drivers enhancing market growth.


Global Electric Motorcycle Market Overview


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


Electric Motorcycle Market Trends



  • Increasing government initiatives toward electric mobility to boost the market growth


Due to growing awareness of the dangers associated with operating fossil fuel-powered vehicles, governments from many nations are decreasing their carbon footprints by promoting electric bikes, scooters, and bicycles. Additionally, governments are building bicycle-friendly roadways, which encourage people to use bicycles as their primary form of transportation. Many governments are paying close attention to electric bicycles, scooters, and motorcycles as dependable, effective types of light motor vehicles (LMVs) that contribute to lowering carbon emissions. For instance, the Indian government announced a plan in June 2019 to reduce the goods and service tax (GST) on electric vehicles from 12% to 5% to promote their adoption more quickly.


Fuel price increases over the past ten years have contributed to an increase in the use of electric bicycles for daily commuting. The Organization of the Petroleum Exporting (OPEC) countries, which have significant control over crude oil prices, are to blame for the rise in fuel prices. Furthermore, with future sources of crude oil becoming scarcer, prices are predicted to rise. Electric-powered bicycles enable riders to ride more comfortably on bumpy terrain and maintain higher speeds more effectively. As a result, it is anticipated that rising fuel prices will increase consumer preference for e-bikes and spur demand for an electric motorcycle.


The electric motorcycle is more affordable than a car, does not need a license, and can be used on the current road system. Governments from different nations are also concentrating on creating an infrastructure for an electric motorcycle. For instance, Pittsburgh unveiled a 10-year plan in June 2020 that calls for adding more than 120 miles of new trails, bicycle lanes, and other roadway upgrades to the city's bike infrastructure. Additionally, two solar parking lots in Tokyo were opened by Sanyo (Japan), where about 100 electric bikes could be recharged using solar energy. Therefore, it is projected that rising government initiatives for the construction of electric motorcycle infrastructure and the spread of smart cities around the world would present the electric motorcycle market with attractive growth prospects, enhancing the electric motorcycle market CAGR across the globe in recent years.


Companies are now concentrating on online sales platforms to improve their commercial presence due to the rise in dealerships. With the help of governments and automakers, the carbon emissions gap is dramatically closed by achieving zero emissions criteria. People are switching to electric motorcycle due to the exponentially rising cost of fuel around the world, which will accelerate the expansion of the Electric Motorcycle Market, another factor driving the growth of the electric motorcycle market revenue.


Electric Motorcycle 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 electric motorcycle 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 Electric Motorcycle 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 2022-2030. 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 electric motorcycle since they need a large capacity and a lengthy travel range.


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


Electric Motorcycle Market by Voltage, 2021 & 2030


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


Electric Motorcycle Regional Insights


By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific Electric Motorcycle market accounted for USD 3.05 billion in 2021 and is expected to exhibit a significant CAGR growth during the study period. Since the major companies in the region are extensively investing in electric vehicles by creating cutting-edge electric infrastructure to encourage the acceptance of such vehicles, it is anticipated that the market for an electric motorcycle in the Asia-Pacific region will experience considerable growth.


Further, the major countries studied in the market report are: The U.S., Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil. 


Figure 3: ELECTRIC MOTORCYCLE MARKET SHARE BY REGION 2021 (%)


ELECTRIC MOTORCYCLE MARKET SHARE BY REGION 2021


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


North America electric motorcycle market accounts for the second-largest market share. Strict pollution restrictions and an increase in EV manufacturers drive the region's rise. The enhanced infrastructure for the electric motorcycle in nations like Canada and the USA is anticipated to fuel industry expansion. Further, the US electric motorcycle market held the largest market share, and the Canada electric motorcycle market was the fastest-growing market in the North America region.


The Europe Electric Motorcycle Market is expected to grow at the fastest CAGR from 2022 to 2030. The EU is working together to reduce rising air pollution levels and is supporting the production and sale of electric motorcycle by offering incentives, subsidies, and other programs. Throughout the forecast period, the government's ongoing efforts to reduce gas emissions are anticipated to increase demand for the electric motorcycle in Europe. Moreover, Germany electric motorcycle market held the largest market share, and the UK electric motorcycle market was the fastest-growing market in the European region.


Electric Motorcycle Key Market Players & Competitive Insights


Major market players are spending a lot of money on R&D to increase their product lines, which will help the electric motorcycle market grow even more. Market participants are also taking various strategic initiatives to grow their global footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the electric motorcycle industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.


One of the primary business strategies manufacturers adopt in the global electric motorcycle industry to benefit clients and expand the market sector is manufacturing locally to reduce operating costs. In recent years, the electric motorcycle industry has provided some of the most significant benefits. The electric motorcycle market major player such as Blacksmith Electric (India), Electric Motion (France), Johammer e-mobility GmbH (Germany), Husqvarna Motorcycles GmbH (Austria), and others are working on expanding the market demand by investing in research and development activities.


American motorcycle manufacturer Harley-Davidson, Inc. (abbreviated H-D or simply Harley) is based in Milwaukee, Wisconsin. It was established in 1903, and along with its illustrious rival, Indian Motorcycles, it is one of just two significant American motorcycle producers to have survived the Great Depression. In August 2021, Livewire One, the first item from the all-electric Live Wire brand, was introduced by Harley-Davidson, Inc. These electric bikes are designed for urban use but have the power and range to go further.


Also, Husqvarna Motorcycles GmbH, an Austrian company with Swedish roots that manufactures and distributes motocross, enduro, supermoto, and street motorcycles, is known by the brand name Husqvarna. In May 2021, Husqvarna Motorcycles introduced the electric motorcycle E-Pilen Concept to meet the needs of urban riders.


Key Companies in the electric motorcycle market include



  • Blacksmith Electric (India)

  • Electric Motion (France)

  • Johammer e-mobility GmbH (Germany)

  • Husqvarna Motorcycles GmbH (Austria)

  • Essence Motorcycles (France)

  • Zero Motorcycles Inc. (US)

  • Razor USA LLC. (US)

  • Torkmotors (India)

  • Revolt Motors (India)

  • LITO MOTORCYCLES (France)

  • TACITA SRL (Italy)

  • Bell Custom Cycles (BCC) (US)

  • Harley-Davidson Inc. (US)

  • Alta Motors (US)

  • and Energica Motor Company S.p.A. (Italy)

  • Hero Eco

  • Mahindra GenZe

  • Honda Motors, among others


Electric Motorcycle Industry Developments


September 2021: SUPERSOCO: The China Motor Expo began at the Chongqing International Expo Center with the blockbuster launch of new sci-fi products. There were almost 1,000 different brands of automobiles and automotive accessories gathered. SUPERSOCO, one of the top manufacturers of electric light vehicles, brought 20 vehicles to the event.


May 2021: Gogoro, a technology pioneer driving the transition to sustainable urban mobility, will use its battery-swapping platform to install a new electric refueling system in China in conjunction with DCJ and Yadea, two of the country's top manufacturers of two-wheel vehicles.


2020: A new IoT e-scooter from BattRE Electric Mobility includes navigation help, ride data, remote diagnostics, anti-theft alarm, speedometer call warnings, and riding behavior recommendations.


Electric Motorcycle Market Segmentation:


Electric Motorcycle Vehicle Range Outlook



  • Below 75 Miles

  • 75-100 Miles

  • Above 100 Miles


Electric Motorcycle Battery Type Outlook



  • Li-ion

  • Lead Acid

  • Nickel Metal Hydride


Electric Motorcycle Voltage Outlook



  • Below 24 Volt

  • 24-48 volt

  • 48-60 volt

  • Above 60 volt


Electric Motorcycle Regional Outlook



  • North America

    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East

    • Africa

    • Latin America





Report Scope:

Report Attribute/Metric Details
Market Size 2021 USD 7.00 billion
Market Size 2022 USD 7.83 billion
Market Size 2030 USD 17.21 billion
Compound Annual Growth Rate (CAGR) 11.90% (2022-2030)
Base Year 2021
Market Forecast Period 2022-2030
Historical Data 2018 & 2020
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Vehicle Range, Battery Type, Voltage, and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled Blacksmith Electric (India), Electric Motion (France), Johammer e-mobility GmbH (Germany), Husqvarna Motorcycles GmbH (Austria), Essence Motorcycles (France), Zero Motorcycles Inc. (US), Razor USA LLC. (US), Torkmotors (India), Revolt Motors (India), LITO MOTORCYCLES (France), TACITA SRL (Italy), Bell Custom Cycles (BCC) (US), Harley-Davidson Inc. (US), Alta Motors (US), and Energica Motor Company S.p.A. (Italy), Hero Eco, Mahindra GenZe, and Honda Motors
Key Market Opportunities Developing commercial sectors globally
Key Market Dynamics Increasing interest in manufacturing infrastructure involving vehicle charging ·         The decline in the costs of battery manufacturing, preservation, and spread


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Frequently Asked Questions (FAQ) :

The Electric Motorcycle Market size was valued at USD 7.00 Billion in 2021.

The global market is projected to grow at a CAGR of 11.90% during the forecast period 2022-2030.

Asia-Pacific had the largest share in the global market.

The key players in the market of electric motorcycle are Blacksmith Electric (India), Electric Motion (France), Johammer e-mobility GmbH (Germany), Husqvarna Motorcycles GmbH (Austria), Essence Motorcycles (France), Zero Motorcycles Inc. (US), Razor USA LLC. (US), Torkmotors (India), Revolt Motors (India), LITO MOTORCYCLES (France), TACITA SRL (Italy), Bell Custom Cycles (BCC) (US), Harley-Davidson Inc. (US), Alta Motors (US), and Energica Motor Company S.p.A. (Italy), Hero Eco, Mahindra GenZe, and Honda Motors.

The lead-acid battery category dominated the market in 2021.

The above 60 volts had the largest share in the global market.