Electric Motorcycle Market Research Report - Global Forecast till 2027

Electric Motorcycles Market Research Report: Information by Vehicle Range (Below 75 Miles, 75-100 Miles and Above 100 Miles), Battery Type (Li-ion, Lead Acid and Nickel Metal Hydride), Voltage (Below 24 Volt, 24-48 volt, 48-60 volt and Above 60 volt) and Region (North America, Europe, Asia-Pacific and the Rest of the World) - Forecast till 2027

ID: MRFR/AM/6664-HCR | February 2021 | Region: Global | 180 pages

 Electric Motorcycle Market Overview :


Electric Motorcycles Market is projected to be worth USD 58.37 Billion by 2027, registering a CAGR of 10.35% during the forecast period (2021 - 2027), The market was valued at USD 31.85 billion in 2020.

Electric motorcycles are two-wheeled motorcycles that generate their power from a motor by using their electricity in form of transportation fuel. The advancements like better acceleration, high-speed handling efficiency, compact size, reduced motor weight, etc. have made electric motorcycles handle higher speeds in all sorts of areas. The advantages of using electric motorcycles are that they withstand powerful winds against the course. They have higher cargo storage available as well which gives them an edge over electric scooters, electric bicycles, electric bikes, and electric mopeds.


Governments of various countries around the world are focusing more on the adaption of green vehicles to contain the spread of air pollution furthermore. The introduction of EV charging infrastructure and the development of battery management systems has expanded the electric motorcycle market size by a greater value. Interior Permanent Magnet (IPM) motors have a major hand in enhancing the electric motorcycle performance by optimizing efficiency and power which can torque system for impromptu throttle response.


The global electric motorcycle market has spiked by 30% in recent years because of consumers shifting to eco-friendly electric motorcycles as per the concern of harmful carbon emissions by old vehicles using fuel. The global Electric Motorcycles Market is expected to generate a revenue of more than 30 billion US dollars by the forecast year. 


COVID-19 Analysis:


The global economy has been put on hold seeing the spread of a global pandemic in the name of COVID-19. Globally lockdowns were imposed to contain the spread of the virus, which led to the decline in the sales of many manufacturing firms. The industries must reduce the operational costs, mitigate the risk, to maximize the profits to survive the downfall as per the current scenario. With manpower of the automotive sector at home, factories shut down, the closing of manufacturing facilities, made the automotive sector was deeply affected in a negative pitfall due to the spread of the pandemic. With the decline in the production of the vehicle, there is a delay in launching products, and their distribution. Seeing to the new lockdown rules, where industries have reopened with limits staffing the rebound of the automotive sector is expected and might fore come to the losses of the manufacturing sector of electric motorcycles thus, improving the sales and production of the electric motorcycles market.


Competitive Landscape:


The global electric motorcycle market's competitive landscape makes a note of regional players, international players, geographic expansion, technological advancement, strategic alliances, mergers and acquisitions, consultancy firms, research and development departments, market share, market value, etc. The intended audience in the field of the electric motorcycle market is Electric motorbike manufacturers, EV battery manufacturers, EV charger manufacturers, Government bodies, and EV infrastructure providers (charging station manufacturers). The prominent players of the electric motorcycles market 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, Honda Motors, KTM, Lightning Motorcycles, Suzuki Motors Corporation, Shandong Incalcu Electric Vehicle Co. Ltd., BMW, Z Electric Vehicle, Amper Vehicles, and CAKE 0 Emission AB.


Industry Update


Revolt Motors has entered into a partnership with Domino’s, the popular pizza chain in India to deliver a fleet of electric motorcycles in a bid for the firm to push the prospects of sustainability.


Market Dynamics:


Drivers:


- Governments of various countries around the world are focusing more on the adaption of green vehicles to contain the spread of air pollution due to depleting oil reserves.


- Increasing interests in manufacturing in infrastructure involving vehicle charging.


- Decline in the costs of battery manufacturing, preservation, and spread.


- Introduction of EV charging infrastructure and the development of battery management systems has expanded the electric motorcycle market size by a greater value.


- High mechanical efficiency, economical maintenance costs, incorporation of regenerative and skilled braking systems, low noise levels, etc. have boosted the adoption of electric motorcycles.


- Interior Permanent Magnet (IPM) motors have a major hand in enhancing the electric motorcycle performance by optimizing efficiency and power which can torque system for impromptu throttle response.


Challenges:


- Limited battery capacity, need to charge the motorcycles and need to replace the obsolete batteries.


- Shortage of charging infrastructure at small scale and large scale.


- Performance constraints


- Lack of awareness amongst crowds especially in rural areas about electric motorcycles.


Technology Analysis:


Electric motorcycles are two-wheeled motorcycles that generate their power from a motor by using their electricity in form of transportation fuel. The advancements like better acceleration, high-speed handling efficiency, compact size, reduced motor weight, etc. have made electric motorcycles handle higher speeds in all sorts of areas.


The factors involving the growth of electric motorcycles are the Governments of various countries around the world interest in the adaption of green vehicles to contain the spread of air pollution due to depleting oil reserves, increasing interests of manufacturing in infrastructure involving vehicle charging, the decline in the costs of battery manufacturing, preservation, and spread, the introduction of EV charging infrastructure, High mechanical efficiency, economical maintenance costs, incorporation of regenerative and skilled braking systems, low noise levels, etc., interior Permanent Magnet (IPM) motors role in optimizing efficiency and power which can torque system for impromptu throttle response. A few of the factors that hamper the growth of the electric motorcycle market are limited battery capacity, need to charge the motorcycles, and need to replace the obsolete batteries, shortage of charging infrastructure at small scale and large scale, performance constraints, and lack of awareness amongst crowds especially rural areas about the electric motorcycles.


Study Objectives:


The electric motorcycles study objectives are:


- Analyze the market trends and share insights on the market drivers and challenges faced by the product.


- Understand the audience demand, key players, and prepare a competitive analysis about it.


- Focus on detailed segmentation of the global Electric Motorcycles Market


- Analyze and predict the market growth and relative CAGR.


Segment Overview:


By vehicle range:


The global electric motorcycle market is segmented by vehicle range as:


- 75 Miles


- 75-100 Miles


- Above 100 Miles.


By battery type:


The global electric motorcycle market is segmented by battery type as


- li-ion


- lead-acid


- nickel-metal hydride.


By voltage:


The global electric motorcycle market is segmented by voltage as


- below 24 Volt


- 24-48 volt


- 48-60 volt


- Above 60 volts.


Regional Analysis:


The global electric motorcycle market is segmented by region into North America (US, Canada), Asia-Pacific (China, India, Japan, South Korea, Taiwan, Indonesia, Thailand), Europe (UK, Germany, France, Italy, Spain, Poland, Netherlands, Belgium, Czech Republic, Austria), Latin America (Brazil, Mexico, Argentina), EMEA (Saudi Arabia, UAE, South Africa), and the Rest of the World (ROW). APAC region or Asia-Pacific is the world dominant in the electric motorcycles market owing to control the increasing air pollution due to carbon emission and oil depletion. Governments in the Asia-Pacific regions have been actively involved in creating fuel-efficient vehicles or green vehicles. Other factors involving the growth of the electric motorcycles market in the APAC region are rising environmental crisis, decreasing prices of automotive vehicles, increase in traffic congestion, increasing population, etc. North America and Europe are also expected to see substantial and exponential growth in upcoming years. The western world has also constructed fast-charging stations to make advancements in the electric motorcycle market. Slowly the electric motorcycles market is rising globally seeing the advantages of these automotive vehicles. 


Recent Developments:


- In May 2020, CAKE 0 Emission AB partnered with Polestar that enabled CAKE enterprise to manufacture and distribute the new models of its electric motorcycles using Polestar’s retail outlets in the European region, making the electric motorcycle grow in that region.


- In August 2019, Oliver Mader GmbH collaborated with Energica Motor Company S.p.A to develop new business ideas and expand their operations in local areas of Germany.


- In October 2018, two new models of electric motorcycles were launched by The Café and Scrambler which had optimal and enhanced performance scale of about 43-horsepower engine, range of 200 miles on road, Lithium-ION batteries of 7-kilowatt-hour voltage. This spurred the market growth of electric motorcycles globally.


Report Overview:


The global electric motorcycles market report covers:


- Extensive research on quantitative and qualitative aspects of the intended audience, prominent players, and industry experts.


- The report shares deep insights on market share, market value, and market performance.


- The report shadows the current market scenario, historical market size forecast, market value, and market volume.


- The report also makes a note of technological advancement, driving factors, and challenges faced by the electric motorcycle market.


- It shares comprehensive information on market strategies and market segments based on vehicle range, battery type, voltage range, and region.



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: USD 58.37 Billion
  CAGR   10.35% CAGR (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Technology, By Application, By Vehicle type, By Battery
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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, KTM, Lightning Motorcycles, Suzuki Motors Corporation, Shandong Incalcu Electric Vehicle Co. Ltd., BMW, Z Electric Vehicle, Amper Vehicles, and CAKE 0 Emission AB
  Key Market Opportunities

  • Government initiative
  • Developing commercial sectors globally
  •   Key Market Drivers

  • Increasing interests in manufacturing in infrastructure involving vehicle charging
  • Decline in the costs of battery manufacturing, preservation, and spread.


  • Frequently Asked Questions (FAQ) :


    The electric motorcycles market is poised to mark 10.35% CAGR.

    On the basis of battery type, the segments of the electric motorcycles market are lead acid, li-ion, and nickel metal hydride

    Rising implementation of strict environment protection laws is poised to drive the growth of the electric motorcycles market.

    The segments of the electric motorcycles market, by voltage, are below 24 Volt, 48-60 volt, 24-48 volt, and above 60 volt

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