Electric Motorcycle Market Research Report - Global Forecast till 2027

Global 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

Market Overview:


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. The global Electric Motorcycles Market is expected to register a CAGR of 10.35% by the year 2025.


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.


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. 


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.


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.

Table of Contents

1. Executive Summary

2. Scope of the Report

2.1. Market Definition

2.2. Scope of the Study

2.2.1. Definition

2.2.2. Research Objective

2.2.3. Assumptions

2.2.4. Limitations

2.3. Research Process

2.3.1. Primary Research

2.3.2. Secondary Research

2.4. Market Size Estimation

2.5. Forecast Model

3. Market Landscape

3.1. Porter’s Five Forces Analysis

3.1.1. Threat of New Entrants

3.1.2. Bargaining Power of Buyers

3.1.3. Threat of Substitutes

3.1.4. Rivalry

3.1.5. Bargaining Power of Buyers

3.2. Value Chain/Supply Chain Analysis

4. Market Dynamics

4.1. Introduction

4.2. Market Drivers

4.3. Market Restraints

4.4. Market Opportunities

4.5. Technology Trends

5. Global Electric Motorcycles Market, by Vehicle Range

5.1. Introduction

5.2. Below 75 Miles

5.2.1. Market Estimates & Forecast, 2020-2027

5.2.2. Market Estimates & Forecast, by Region, 2020-2027

5.3. 75-100 Miles

5.3.1. Market Estimates & Forecast, 2020-2027

5.3.2. Market Estimates & Forecast, by Region, 2020-2027

5.4. Above 100 Miles

5.4.1. Market Estimates & Forecast, 2020-2027

5.4.2. Market Estimates & Forecast, by Region, 2020-2027

6. Global Electric Motorcycles Market, by Battery Type

6.1. Introduction

6.2. Li-ion

6.2.1. Market Estimates & Forecast, 2020-2027

6.2.2. Market Estimates & Forecast, by Region, 2020-2027

6.3. Lead Acid

6.3.1. Market Estimates & Forecast, 2020-2027

6.3.2. Market Estimates & Forecast, by Region, 2020-2027

6.4. Nickel Metal Hydride

6.4.1. Market Estimates & Forecast, 2020-2027

6.4.2. Market Estimates & Forecast, by Region, 2020-2027

7. Global Electric Motorcycles Market, by Voltage

7.1. Introduction

7.2. Below 24 Volt

7.2.1. Market Estimates & Forecast, 2020-2027

7.2.2. Market Estimates & Forecast, by Region, 2020-2027

7.3. 24-48 volt

7.3.1. Market Estimates & Forecast, 2020-2027

7.3.2. Market Estimates & Forecast, by Region, 2020-2027

7.4. 48-60 volt

7.4.1. Market Estimates & Forecast, 2020-2027

7.4.2. Market Estimates & Forecast, by Region, 2020-2027

7.5. Above 60 volt

7.5.1. Market Estimates & Forecast, 2020-2027

7.5.2. Market Estimates & Forecast, by Region, 2020-2027

8. Global Electric Motorcycles Market, by Region

8.1. Introduction

8.2. North America

8.2.1. Market Estimates & Forecast, by Country, 2020-2027

8.2.2. Market Estimates & Forecast, by Vehicle Range, 2020-2027

8.2.3. Market Estimates & Forecast, by Battery Type, 2020-2027

8.2.4. Market Estimates & Forecast, by Voltage, 2020-2027

8.2.5. US

8.2.5.1. Market Estimates & Forecast, by Vehicle Range, 2020-2027

8.2.5.2. Market Estimates & Forecast, by Battery Type, 2020-2027

8.2.5.3. Market Estimates & Forecast, by Voltage, 2020-2027

8.2.6. Canada

8.2.6.1. Market Estimates & Forecast, by Vehicle Range, 2020-2027

8.2.6.2. Market Estimates & Forecast, by Battery Type, 2020-2027

8.2.6.3. Market Estimates & Forecast, by Voltage, 2020-2027

8.3. Europe

8.3.1. Market Estimates & Forecast, by Country, 2020-2027

8.3.2. Market Estimates & Forecast, by Vehicle Range, 2020-2027

8.3.3. Market Estimates & Forecast, by Battery Type, 2020-2027

8.3.4. Market Estimates & Forecast, by Voltage, 2020-2027

8.3.5. UK

8.3.5.1. Market Estimates & Forecast, by Vehicle Range, 2020-2027

8.3.5.2. Market Estimates & Forecast, by Battery Type, 2020-2027

8.3.5.3. Market Estimates & Forecast, by Voltage, 2020-2027

8.3.6. Germany

8.3.6.1. Market Estimates & Forecast, by Vehicle Range, 2020-2027

8.3.6.2. Market Estimates & Forecast, by Battery Type, 2020-2027

8.3.6.3. Market Estimates & Forecast, by Voltage, 2020-2027

8.3.7. France

8.3.7.1. Market Estimates & Forecast, by Vehicle Range, 2020-2027

8.3.7.2. Market Estimates & Forecast, by Battery Type, 2020-2027

8.3.7.3. Market Estimates & Forecast, by Voltage, 2020-2027

8.3.8. Italy

8.3.8.1. Market Estimates & Forecast, by Vehicle Range, 2020-2027

8.3.8.2. Market Estimates & Forecast, by Battery Type, 2020-2027

8.3.8.3. Market Estimates & Forecast, by Voltage, 2020-2027

8.3.9. Rest of Europe

8.3.9.1. Market Estimates & Forecast, by Vehicle Range, 2020-2027

8.3.9.2. Market Estimates & Forecast, by Battery Type, 2020-2027

8.3.9.3. Market Estimates & Forecast, by Voltage, 2020-2027

8.4. Asia-Pacific

8.4.1. Market Estimates & Forecast, by Country, 2020-2027

8.4.2. Market Estimates & Forecast, by Vehicle Range, 2020-2027

8.4.3. Market Estimates & Forecast, by Battery Type, 2020-2027

8.4.4. Market Estimates & Forecast, by Voltage, 2020-2027

8.4.5. China

8.4.5.1. Market Estimates & Forecast, by Vehicle Range, 2020-2027

8.4.5.2. Market Estimates & Forecast, by Battery Type, 2020-2027

8.4.5.3. Market Estimates & Forecast, by Voltage, 2020-2027

8.4.6. Japan

8.4.6.1. Market Estimates & Forecast, by Vehicle Range, 2020-2027

8.4.6.2. Market Estimates & Forecast, by Battery Type, 2020-2027

8.4.6.3. Market Estimates & Forecast, by Voltage, 2020-2027

8.4.7. India

8.4.7.1. Market Estimates & Forecast, by Vehicle Range, 2020-2027

8.4.7.2. Market Estimates & Forecast, by Battery Type, 2020-2027

8.4.7.3. Market Estimates & Forecast, by Voltage, 2020-2027

8.4.8. South Korea

8.4.8.1. Market Estimates & Forecast, by Vehicle Range, 2020-2027

8.4.8.2. Market Estimates & Forecast, by Battery Type, 2020-2027

8.4.8.3. Market Estimates & Forecast, by Voltage, 2020-2027

8.4.9. Indonesia

8.4.9.1. Market Estimates & Forecast, by Vehicle Range, 2020-2027

8.4.9.2. Market Estimates & Forecast, by Battery Type, 2020-2027

8.4.9.3. Market Estimates & Forecast, by Voltage, 2020-2027

8.4.10. Thailand

8.4.10.1. Market Estimates & Forecast, by Vehicle Range, 2020-2027

8.4.10.2. Market Estimates & Forecast, by Battery Type, 2020-2027

8.4.10.3. Market Estimates & Forecast, by Voltage, 2020-2027

8.4.11. Malaysia

8.4.11.1. Market Estimates & Forecast, by Vehicle Range, 2020-2027

8.4.11.2. Market Estimates & Forecast, by Battery Type, 2020-2027

8.4.11.3. Market Estimates & Forecast, by Voltage, 2020-2027

8.4.12. Rest of Asia-Pacific

8.4.12.1. Market Estimates & Forecast, by Vehicle Range, 2020-2027

8.4.12.2. Market Estimates & Forecast, by Battery Type, 2020-2027

8.4.12.3. Market Estimates & Forecast, by Voltage, 2020-2027

8.5. Rest of the World

8.5.1. Market Estimates & Forecast, by Region, 2020-2027

8.5.2. Market Estimates & Forecast, by Vehicle Range, 2020-2027

8.5.3. Market Estimates & Forecast, by Battery Type, 2020-2027

8.5.4. Market Estimates & Forecast, by Voltage, 2020-2027

8.5.5. Middle East & Africa

8.5.5.1. Market Estimates & Forecast, by Vehicle Range, 2020-2027

8.5.5.2. Market Estimates & Forecast, by Battery Type, 2020-2027

8.5.5.3. Market Estimates & Forecast, by Voltage, 2020-2027

8.5.6. Latin America

8.5.6.1. Market Estimates & Forecast, by Vehicle Range, 2020-2027

8.5.6.2. Market Estimates & Forecast, by Battery Type, 2020-2027

8.5.6.3. Market Estimates & Forecast, by Voltage, 2020-2027

9. Competitive Landscape

10. Company Profile

10.1. Zero Motorcycles Inc. (US)

10.1.1. Company Overview

10.1.2. Products/Services Offered

10.1.3. Financial Overview

10.1.4. Key Developments

10.1.5. Key Strategies

10.1.6. Swot Analysis

10.2. Harley-Davidson, Inc. (US)

10.2.1. Company Overview

10.2.2. Products/Services Offered

10.2.3. Financial Overview

10.2.4. Key Developments

10.2.5. Key Strategies

10.2.6. Swot Analysis

10.3. Revolt Motors (India)

10.3.1. Company Overview

10.3.2. Products/Services Offered

10.3.3. Financial Overview

10.3.4. Key Developments

10.3.5. Key Strategies

10.3.6. Swot Analysis

10.4. Energica Motor Company S.p.A.(Italy)

10.4.1. Company Overview

10.4.2. Products/Services Offered

10.4.3. Financial Overview

10.4.4. Key Developments

10.4.5. Key Strategies

10.4.6. Swot Analysis

10.5. Bell Custom Cycles (BCC) (US)

10.5.1. Company Overview

10.5.2. Products/Services Offered

10.5.3. Financial Overview

10.5.4. Key Developments

10.5.5. Key Strategies

10.5.6. Swot Analysis

10.6. Johammer e-mobility GmbH (Germany)

10.6.1. Company Overview

10.6.2. Products/Services Offered

10.6.3. Financial Overview

10.6.4. Key Developments

10.6.5. Key Strategies

10.6.6. Swot Analysis

10.7. Alta Motors (US)

10.7.1. Company Overview

10.7.2. Products/Services Offered

10.7.3. Financial Overview

10.7.4. Key Developments

10.7.5. Key Strategies

10.7.6. Swot Analysis

10.8. TACITA SRL (Italy)

10.8.1. Company Overview

10.8.2. Products/Services Offered

10.8.3. Financial Overview

10.8.4. Key Developments

10.8.5. Key Strategies

10.8.6. Swot Analysis

10.9. Torkmotors (India)

10.9.1. Company Overview

10.9.2. Products/Services Offered

10.9.3. Financial Overview

10.9.4. Key Developments

10.9.5. Key Strategies

10.9.6. Swot Analysis

10.10. Blacksmith Electric (India)

10.10.1. Company Overview

10.10.2. Products/Services Offered

10.10.3. Financial Overview

10.10.4. Key Developments

10.10.5. Key Strategies

10.10.6. Swot Analysis

10.11. Husqvarna Motorcycles GmbH (Austria)

10.11.1. Company Overview

10.11.2. Products/Services Offered

10.11.3. Financial Overview

10.11.4. Key Developments

10.11.5. Key Strategies

10.11.6. Swot Analysis

10.12. Electric Motion (France)

10.12.1. Company Overview

10.12.2. Products/Services Offered

10.12.3. Financial Overview

10.12.4. Key Developments

10.12.5. Key Strategies

10.12.6. Swot Analysis

10.13. LITO MOTORCYCLES (France)

10.13.1. Company Overview

10.13.2. Products/Services Offered

10.13.3. Financial Overview

10.13.4. Key Developments

10.13.5. Key Strategies

10.13.6. Swot Analysis

10.14. Razor USA LLC. (US)

10.14.1. Company Overview

10.14.2. Products/Services Offered

10.14.3. Financial Overview

10.14.4. Key Developments

10.14.5. Key Strategies

10.14.6. Swot Analysis

10.15. Essence Motorcycles (France)

10.15.1. Company Overview

10.15.2. Products/Services Offered

10.15.3. Financial Overview

10.15.4. Key Developments

10.15.5. Key Strategies

10.15.6. Swot Analysis


List of Tables

Table 1 Global Electric Motorcycles Market, by Region, 2020-2027

Table 2 North America: Electric Motorcycles Market, by Country, 2020-2027

Table 3 Europe: Electric Motorcycles Market, by Country, 2020-2027

Table 4 Asia-Pacific: Electric Motorcycles Market, by Country, 2020-2027

Table 5 RoW: Electric Motorcycles Market, by Region, 2020-2027

Table 6 Global Electric Motorcycles Market, by Vehicle Range, by Region, 2020-2027

Table 7 North America: Electric Motorcycles Market, by Vehicle Range, by Country, 2020-2027

Table 8 Europe: Electric Motorcycles Market, by Vehicle Range, by Country, 2020-2027

Table 9 Asia-Pacific: Electric Motorcycles Market, by Vehicle Range, by Country, 2020-2027

Table 10 RoW: Electric Motorcycles Market, by Vehicle Range, by Region, 2020-2027

Table 11 Global Electric Motorcycles Market, by Battery Type, by Region, 2020-2027

Table 12 North America: Electric Motorcycles Market, by Battery Type, by Country, 2020-2027

Table 13 Europe: Electric Motorcycles Market, by Battery Type, by Country, 2020-2027

Table 14 Asia-Pacific: Electric Motorcycles Market, by Battery Type, by Country, 2020-2027

Table 15 RoW: Electric Motorcycles Market, by Battery Type, by Region, 2020-2027

Table 16 Global Electric Motorcycles Market, by Voltage, by Region, 2020-2027

Table 17 North America: Electric Motorcycles Market, by Voltage, by Country, 2020-2027

Table 18 Europe: Electric Motorcycles Market, by Voltage, by Country, 2020-2027

Table 19 Asia-Pacific: Electric Motorcycles Market, by Voltage, by Country, 2020-2027

Table 20 RoW: Electric Motorcycles Market, by Voltage, by Region, 2020-2027


List of Figures

Figure 1 Research Process of MRFR

Figure 2 Top-Down and Bottom-Up Approach

Figure 3 Market Dynamics

Figure 4 Impact Analysis: Market Drivers

Figure 5 Impact Analysis: Market Restraints

Figure 6 Porter's Five Forces Analysis

Figure 7 Value Chain Analysis

Figure 8 Global Electric Motorcycles Market Share, by Vehicle Range, 2020 (%)

Figure 9 Global Electric Motorcycles Market, by Vehicle Range, 2020-2027 (USD Million)

Figure 10 Global Electric Motorcycles Market Share, by Battery Type, 2020 (%)

Figure 11 Global Electric Motorcycles Market, by Battery Type, 2020-2027 (USD Million)

Figure 12 Global Electric Motorcycles Market Share, by Voltage, 2020 (%)

Figure 13 Global Electric Motorcycles Market, by Voltage, 2020-2027 (USD Million)

Figure 14 Global Electric Motorcycles Market Share (%), by Region, 2020

Figure 15 Global Electric Motorcycles Market, by Region, 2020-2027 (USD Million)

Figure 16 North America: Electric Motorcycles Market Share (%), 2020

Figure 17 North America: Electric Motorcycles Market, by Country, 2020-2027 (USD Million)

Figure 18 Europe: Electric Motorcycles Market Share (%), 2020

Figure 19 Europe: Electric Motorcycles Market, by Country, 2020-2027 (USD Million)

Figure 20 Asia-Pacific: Electric Motorcycles Market Share (%), 2020

Figure 21 Asia-Pacific: Electric Motorcycles Market, by Country, 2020-2027 (USD Million)

Figure 22 Rest of the World: Electric Motorcycles Market Share (%), 2020

Figure 23 Rest of the World: Electric Motorcycles Market, by Region, 2020-2027 (USD Million)