Electric Motorcycle Market size to grow by USD 109.78 billion from 2022 to 2027|Increase in demand for E-motorcycles to drive market growth - Technavio

NEW YORK, July 3, 2023 /PRNewswire/ -- The electric motorcycle market size is set to grow by USD 109.78 billion from 2022 to 2027, progressing at a CAGR of 24.05% during the forecast period. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The increase in demand for e-motorcycles is the major factor notably driving the e-motorcycles market growth. The demand for electric motorcycles and other electric motorcycles has increased rapidly in recent years. This realization has led them to switch to eco-friendly alternative vehicles such as electric motorcycles. Unlike petrol cars, electric bikes don't need fuel, but in the long run, they can be expensive. However, it is powered by a rechargeable battery that can be recharged with power from a wall outlet. Therefore, the operating costs of electric bikes are extremely lower than those of petrol bikes. Another important aspect that increased demand for e-bikes is government incentives and subsidies. For instance, in India, the government introduced a policy to promote people to switch to electric vehicles through incentives and subsidies, making electric vehicles more affordable for the average citizen. Moreover, the environmental advantages of e-bikes are also contributing immensely to the improved demand. Furthermore, e-bikes do not need oil or other petroleum-based lubricants, so they do not cause oil spills that pose a severe risk to the environment. Therefore, such factors are driving the growth of the global electric bike market during the forecast period. Here is an Exclusive report talking about Market scenarios with a historical period (2017-2021) and a forecast period (2023-2027). Download Sample Report in minutes!

The electric motorcycle market covers the following areas:

• Electric Motorcycle Market Sizing
• Electric Motorcycle Market Forecast
• Electric Motorcycle Market Analysis

The report on the electric motorcycle market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis. 

Electric Motorcycle Market 2023-2027 - Market Dynamics

Significant Trend

The emerging trend shaping the e-motorcycle market is the use of the Internet of Things (IoT) and smart infrastructure in electric motorcycle charging stations for load management. For e-bikes, IoT and intelligent infrastructure play a critical role in modern charging stations. It allows real-time monitoring and collection of data from each charging station. The data collected can be analyzed to identify load patterns, peak and off-peak hours, and other trends. This information helps make optimal use of our charging station infrastructure and lower overloads and power outages. Further, sensors can inform users of the availability of charging slots, saving them valuable time. It will help establish remote control of charging stations and assure access to power only when needed. This permits dynamic load management and prevents infrastructure overload. The intelligent infrastructure permits charging speeds to be adjusted and lowered in times of high demand. This characteristic helps to protect your motorcycle battery from overheating damage. Furthermore, intelligent infrastructure with IoT can help confirm charging station security and create an integrated security system that can recognize people based on biometric details. Therefore, such factors are anticipated to fuel the growth of the global electric motorcycle market during the forecast period. 

Major Challenge

The high cost of electric motorcycles may hinder the growth of the e-motorcycle market. Electric motorcycles are being touted as the future of personal mobility as they have the potential to lower pollution and our over-dependence on fossil fuels. Moreover, one of the greatest challenges with these vehicles is their high cost, which restricts their access for many people.  For instance, the Harley Davidson LiveWire, manufactured by Harley-Davidson Inc. (Harley-Davidson), costs USD 29,799, while its gas-powered counterpart, the Harley Davidson Iron 883, costs USD 9,699. Further, some customers are concerned about maintenance costs, as e-bikes require special skills and equipment. Electric motorcycle batteries consist of lithium-ion batteries, which are expensive to manufacture. Also, the complex electronics and software required to control the battery and motor system also add to the cost of manufacturing an e-bike. Therefore, such factors are expected to hinder the growth of the focus market during the forecast period. 

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Electric Motorcycle Market 2023-2027: Market Segmentation

The electric motorcycle market analysis includes market segmentation by type (sealed lead acid and lithium-iron), technology (removable and non-removable), and geography (APAC, Europe, North America, Middle East and Africa, and South America). This study identifies the use of the Internet of Things (IoT) and smart infrastructure in electric motorcycle charging stations for load management, the rise in the number of new launches of electric motorcycles globally and the increase in government support towards electric motorcycles as one of the prime reasons driving the electric motorcycle market growth during the next few years.

• The market share growth by the sealed lead acid segment will be significant during the forecast period. Generally, sealed lead-acid (SLA) batteries are used in electric motorcycles. These batteries are housed in a hard plastic case that prevents acid battery leakage and gives the motorcycle a high level of maneuverability without the risk of battery leakage. SLA is a cheaper battery format, making it an affordable option for motorcycle manufacturers when compared to lithium-ion batteries. SLA also provides a higher potential, allowing e-bikes to reach higher speeds with less current. The demand for lithium-ion batteries is increasing and is expected to restrain the SLA growth during the forecast period.

This report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters- View Sample Report
 

Companies Mentioned

• Askoll EVA S.p.A.
• Bayerische Motoren Werke AG
• Dongguan Tailing Electric Vehicle Co. Ltd.
• Evoke Electric Motorcycles HK Ltd
• Hangzhou Qiulong Technology Co. Ltd.
• Harley Davidson Inc.
• Horwinglobal
• Ideanomics Inc.
• Lightning Motors Corp
• One Electric
• OX RIDERS ELECTRIC SL
• Pierer Industrie AG
• RattanIndia Enterprises Ltd.
• TORROT ELECTRIC EUROPA S.A.
• Vmoto Ltd.
• Volkswagen AG
• Zapp Electric Vehicles Ltd.
• Zero Motorcycles Inc.
• VERGE Motorcycles OU
• Z Electric Vehicle Corp.

Vendor offerings 

• Harley Davidson Inc. - The company offers electric motorcycles such as LiveWire ONE.
• Bayerische Motoren Werke AG - The company offers electric motorcycles such as BMW Motorrad Definition CE 04.
• Dongguan Tailing Electric Vehicle Co. Ltd. - The company offers electric motorcycles such as FENGYING, TDOH23, and FGYY-5000.

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The Global Micro Electric Vehicle (EV) Market is estimated to grow at a CAGR of 8.02% between 2022 and 2027. The size of the market is forecast to increase by 1,542.22 thousand units. This report extensively covers market segmentation by type (golf and micro cars and quadricycle), application (commercial, personal, and public utilities), and geography (North America, APAC, Europe, South America, and the Middle East and Africa). Technological advances in lithium-ion battery manufacturing and minimal maintenance costs leading to improved reliability are key factors driving the growth of the global micro electric vehicle (EV) market.

The high-performance electric motorcycle market share is expected to increase by 33762 actual units from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 26.93%. This report extensively covers the market segmentation by type (street and off-road) and geography (Europe, North America, APAC, South America, and the Middle East and Africa). The declining prices of Li-ion batteries are one of the key factors driving the growth of the global market.

Key Topics Covered:

1 Executive Summary

• 1.1 Market Overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Technology
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global electric motorcycle market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on global electric motorcycle market 2017 - 2021 ($ billion)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ billion)

• 4.3 Technology Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Technology Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments 
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type 
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Sealed lead acid - Market size and forecast 2022-2027
• Exhibit 34: Chart on Sealed lead acid - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Sealed lead acid - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Sealed lead acid - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Sealed lead acid - Year-over-year growth 2022-2027 (%)

• 6.4 Lithium-iron - Market size and forecast 2022-2027
• Exhibit 38: Chart on Lithium-iron - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Lithium-iron - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Lithium-iron - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Lithium-iron - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Type 
• Exhibit 42: Market opportunity by Type ($ billion)
• Exhibit 43: Data Table on Market opportunity by Type ($ billion)

7 Market Segmentation by Technology

• 7.1 Market segments 
• Exhibit 44: Chart on Technology - Market share 2022-2027 (%)
• Exhibit 45: Data Table on Technology - Market share 2022-2027 (%)

• 7.2 Comparison by Technology 
• Exhibit 46: Chart on Comparison by Technology
• Exhibit 47: Data Table on Comparison by Technology

• 7.3 Removable - Market size and forecast 2022-2027
• Exhibit 48: Chart on Removable - Market size and forecast 2022-2027 ($ billion)
• Exhibit 49: Data Table on Removable - Market size and forecast 2022-2027 ($ billion)
• Exhibit 50: Chart on Removable - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Removable - Year-over-year growth 2022-2027 (%)

• 7.4 Non-removable - Market size and forecast 2022-2027
• Exhibit 52: Chart on Non-removable - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Data Table on Non-removable - Market size and forecast 2022-2027 ($ billion)
• Exhibit 54: Chart on Non-removable - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Non-removable - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Technology 
• Exhibit 56: Market opportunity by Technology ($ billion)
• Exhibit 57: Data Table on Market opportunity by Technology ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 59: Chart on Market share by geography 2022-2027 (%)
• Exhibit 60: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 61: Chart on Geographic comparison
• Exhibit 62: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 63: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 64: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 65: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 67: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 68: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 69: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 North America - Market size and forecast 2022-2027
• Exhibit 71: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 72: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 73: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 75: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 76: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 77: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027
• Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 87: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 88: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 89: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 91: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 92: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 93: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 India - Market size and forecast 2022-2027
• Exhibit 95: Chart on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 96: Data Table on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 97: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.12 Japan - Market size and forecast 2022-2027
• Exhibit 99: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 100: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 101: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 103: Market opportunity by geography ($ billion)
• Exhibit 104: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 105: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 107: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 108: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 109: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 110: Matrix on vendor position and classification

• 12.3 Bayerische Motoren Werke AG 
• Exhibit 111: Bayerische Motoren Werke AG - Overview
• Exhibit 112: Bayerische Motoren Werke AG - Business segments
• Exhibit 113: Bayerische Motoren Werke AG - Key news
• Exhibit 114: Bayerische Motoren Werke AG - Key offerings
• Exhibit 115: Bayerische Motoren Werke AG - Segment focus

• 12.4 Dongguan Tailing Electric Vehicle Co. Ltd.
• Exhibit 116: Dongguan Tailing Electric Vehicle Co. Ltd. - Overview
• Exhibit 117: Dongguan Tailing Electric Vehicle Co. Ltd. - Product / Service
• Exhibit 118: Dongguan Tailing Electric Vehicle Co. Ltd. - Key offerings

• 12.5 Hangzhou Qiulong Technology Co. Ltd.
• Exhibit 119: Hangzhou Qiulong Technology Co. Ltd. - Overview
• Exhibit 120: Hangzhou Qiulong Technology Co. Ltd. - Product / Service
• Exhibit 121: Hangzhou Qiulong Technology Co. Ltd. - Key offerings

• 12.6 Harley Davidson Inc. 
• Exhibit 122: Harley Davidson Inc. - Overview
• Exhibit 123: Harley Davidson Inc. - Business segments
• Exhibit 124: Harley Davidson Inc. - Key news
• Exhibit 125: Harley Davidson Inc. - Key offerings
• Exhibit 126: Harley Davidson Inc. - Segment focus

• 12.7 Ideanomics Inc. 
• Exhibit 127: Ideanomics Inc. - Overview
• Exhibit 128: Ideanomics Inc. - Product / Service
• Exhibit 129: Ideanomics Inc. - Key offerings

• 12.8 Lightning Motors Corp 
• Exhibit 130: Lightning Motors Corp - Overview
• Exhibit 131: Lightning Motors Corp - Product / Service
• Exhibit 132: Lightning Motors Corp - Key offerings

• 12.9 One Electric 
• Exhibit 133: One Electric - Overview
• Exhibit 134: One Electric - Product / Service
• Exhibit 135: One Electric - Key offerings

• 12.10 Pierer Industrie AG 
• Exhibit 136: Pierer Industrie AG - Overview
• Exhibit 137: Pierer Industrie AG - Product / Service
• Exhibit 138: Pierer Industrie AG - Key offerings

• 12.11 RattanIndia Enterprises Ltd. 
• Exhibit 139: RattanIndia Enterprises Ltd. - Overview
• Exhibit 140: RattanIndia Enterprises Ltd. - Product / Service
• Exhibit 141: RattanIndia Enterprises Ltd. - Key offerings

• 12.12 TORROT ELECTRIC EUROPA S.A. 
• Exhibit 142: TORROT ELECTRIC EUROPA S.A. - Overview
• Exhibit 143: TORROT ELECTRIC EUROPA S.A. - Product / Service
• Exhibit 144: TORROT ELECTRIC EUROPA S.A. - Key offerings

• 12.13 VERGE Motorcycles OU 
• Exhibit 145: VERGE Motorcycles OU - Overview
• Exhibit 146: VERGE Motorcycles OU - Product / Service
• Exhibit 147: VERGE Motorcycles OU - Key offerings

• 12.14 Vmoto Ltd. 
• Exhibit 148: Vmoto Ltd. - Overview
• Exhibit 149: Vmoto Ltd. - Business segments
• Exhibit 150: Vmoto Ltd. - Key offerings
• Exhibit 151: Vmoto Ltd. - Segment focus

• 12.15 Z Electric Vehicle Corp. 
• Exhibit 152: Z Electric Vehicle Corp. - Overview
• Exhibit 153: Z Electric Vehicle Corp. - Product / Service
• Exhibit 154: Z Electric Vehicle Corp. - Key offerings

• 12.16 Zapp Electric Vehicles Ltd. 
• Exhibit 155: Zapp Electric Vehicles Ltd. - Overview
• Exhibit 156: Zapp Electric Vehicles Ltd. - Product / Service
• Exhibit 157: Zapp Electric Vehicles Ltd. - Key offerings

• 12.17 Zero Motorcycles Inc. 
• Exhibit 158: Zero Motorcycles Inc. - Overview
• Exhibit 159: Zero Motorcycles Inc. - Product / Service
• Exhibit 160: Zero Motorcycles Inc. - Key offerings

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 161: Inclusions checklist
• Exhibit 162: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 163: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 164: Research methodology
• Exhibit 165: Validation techniques employed for market sizing
• Exhibit 166: Information sources

• 13.5 List of abbreviations 
• Exhibit 167: List of abbreviations

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