The global electric motorcycles market is expected to witness 10.35% CAGR during the forecast period, 2019–2025.
Factors such as the incorporation of regenerative braking, low noise levels, relatively economical maintenance costs, and high mechanical efficiency are expected to increase the adoption of environment-friendly vehicles. This is expected to increase the demand for electric motorcycles demand all over the world through the forecast period. The continuously increasing demand for electric motorcycles in developing countries, such as India and Thailand are expected to offer promising growth opportunities for the global electric motorcycles market players.
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The Prominent Players in the global electric motorcycles market are
- Blacksmith Electric (India)
- Husqvarna Motorcycles GmbH (Austria)
- Electric Motion (France)
- LITO MOTORCYCLES (France)
- Razor USA LLC. (US)
- Essence Motorcycles (France)
- 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)
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.
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.
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.
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.
Geographically, the global electric motorcycles market has been segmented into four major regions, which are North America, Europe, Asia-Pacific, and the Rest of the world. The electric motorcycles market in Asia-Pacific is expected to grow at the highest CAGR in the global electric motorcycles market throughout the forecast period. This is attributed to the growing concerns regarding carbon and greenhouse gas (GHG) emissions leading to the increase in need for fuel-efficient vehicles. The increasing population, surge in traffic congestion, decreasing prices of electric motorcycles, and rising environmental concerns add to the Asia-Pacific market growth. Europe and North America are expected to register substantial market growth during the forecast period with the need for
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List Of Tables
Table 1 Global Electric Motorcycles Market, By Region, 2017–2025
Table 2 North America: Electric Motorcycles Market, By Country, 2017–2025
Table 3 Europe: Electric Motorcycles Market, By Country, 2017–2025
Table 4 Asia-Pacific: Electric Motorcycles Market, By Country, 2017–2025
Table 5 RoW: Electric Motorcycles Market, By Region, 2017–2025
Table 6 Global Electric Motorcycles Market, By Vehicle Range, By Region, 2017–2025
Table 7 North America: Electric Motorcycles Market, By Vehicle Range, By Country, 2017–2025
Table 8 Europe: Electric Motorcycles Market, By Vehicle Range, By Country, 2017–2025
Table 9 Asia-Pacific: Electric Motorcycles Market, By Vehicle Range, By Country, 2017–2025
Table 10 RoW: Electric Motorcycles Market, By Vehicle Range, By Region, 2017–2025
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, 2018 (%)
Figure 9 Global Electric Motorcycles Market, By Vehicle Range, 2018–2025 (USD Million)
Figure 10 Global Electric Motorcycles Market Share, By Battery Type, 2018 (%)
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