Global Electric Motorcycles Market – Industry Trends and Forecast to 2029
Global Electric Motorcycles Market, By Vehicle Range (Below 75 Miles, 75–100 Miles, Above 100 Miles), Battery Type (Li-ion, Lead Acid, Nickel Metal Hydride), Voltage (Below 24 Volt, 24–48 Volt, 48–60 Volt, Above 60 Volt), Application (Racing, Daily Commute, Off-road Use, Others) – Industry Trends and Forecast to 2029.
Data Bridge Market Research analyses that the electric motorcycles market value, which was USD 31.5 billion in 2021, is expected to reach the value of USD 57.44 billion by 2029, at a CAGR of 7.80% during the forecast period. "48–60 Volt" accounts for the largest voltage segment in the electric motorcycles market, owing to the growing penetration of electric two-wheelers, especially in developed economies. The electric motorcycles market report also covers pricing analysis, patent analysis, and technological advancements in depth.
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**Segments**
- Based on type, the electric motorcycles market can be segmented into sport, off-road, and cruiser motorcycles. Sport electric motorcycles are designed for high performance and speed, catering to enthusiasts looking for a thrilling ride experience. Off-road electric motorcycles are built for rugged terrains and adventure seekers who enjoy exploring challenging environments. Cruiser electric motorcycles offer a more laid-back riding experience, targeting riders who prioritize comfort and style.
- In terms of battery type, the market can be categorized into lead-acid, lithium-ion, and others. Lead-acid batteries are traditional and cost-effective but heavier and less efficient compared to lithium-ion batteries, which are lighter, more energy-dense, and have a longer lifespan. Other battery types may include nickel-metal hydride (NiMH) or solid-state batteries, each with its own set of advantages and limitations.
- Geographically, the electric motorcycles market can be divided into regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Each region may have varying levels of adoption, infrastructure support, regulatory environment, and consumer preferences that influence the demand for electric motorcycles.
**Market Players**
- Harley-Davidson: A well-known player in the motorcycle industry, Harley-Davidson has also ventured into electric motorcycles with models like the LiveWire. The company's brand recognition and loyal customer base give it an edge in attracting traditional riders to electric offerings.
- Zero Motorcycles: Zero Motorcycles is a leading manufacturer of electric motorcycles, offering a range of models for different riding preferences. Known for innovation and performance, Zero Motorcycles has been at the forefront of the electric motorcycle market.
- Energica: Specializing in high-performance electric sport motorcycles, Energica combines Italian craftsmanship with electric technology to deliver premium models like the Ego and Eva EsseEsse9. The company's focus on quality and performance appeals to enthusiasts seeking a thrilling electric ride.
- Lightning Motorcycle: Lightning Motorcycle is known for its record-setting electric superbThe electric motorcycles market is experiencing significant growth and transformation in recent years, driven by factors such as increasing sustainability concerns, technological advancements, and shifting consumer preferences towards eco-friendly alternatives. The market segmentation based on type offers insights into the diverse range of electric motorcycles catering to different rider preferences and needs. Sport electric motorcycles target performance-oriented enthusiasts seeking high-speed thrills, while off-road models cater to adventure seekers looking to conquer rugged terrains. Cruiser electric motorcycles focus on providing a laid-back and comfortable riding experience for those prioritizing style and convenience.
Battery type segmentation is crucial in understanding the technological landscape of electric motorcycles. Lead-acid batteries, though cost-effective, are gradually being replaced by more advanced lithium-ion batteries due to their superior energy density, lighter weight, and longer lifespan. Other battery types like nickel-metal hydride and solid-state batteries also play a role in specific niche applications, each offering distinct advantages and limitations in terms of performance and cost-effectiveness.
Geographically, the electric motorcycles market presents different opportunities and challenges across regions. North America and Europe, being early adopters of electric vehicles, have established infrastructure support and regulatory frameworks that favor electric two-wheelers. Asia Pacific, on the other hand, with its densely populated urban centers and rising environmental concerns, presents a significant growth potential for electric motorcycles. Latin America and Middle East & Africa are emerging markets where consumer awareness and infrastructure development are key factors influencing market growth.
Harley-Davidson, a renowned player in the motorcycle industry, has made strategic advancements in the electric motorcycle segment with models like the LiveWire. Leveraging its strong brand recognition and loyal customer base, Harley-Davidson aims to transition traditional riders to electric offerings while maintaining its reputation for quality and innovation. Zero Motorcycles, a leading manufacturer in the electric motorcycle space, has established itself as a key player known for its diverse range of models catering to various riding preferences. With a focus on innovation and performance, Zero Motorcycles continues to push the boundaries of electric motorcycle technology.
**Segments**
- Global Electric Motorcycles Market, By Vehicle Range (Below 75 Miles, 75–100 Miles, Above 100 Miles), Battery Type (Li-ion, Lead Acid, Nickel Metal Hydride), Voltage (Below 24 Volt, 24–48 Volt, 48–60 Volt, Above 60 Volt), Application (Racing, Daily Commute, Off-road Use, Others) – Industry Trends and Forecast to 2029
The global electric motorcycles market is witnessing dynamic growth trends driven by a confluence of factors including rising environmental awareness, technological advancements, and changing consumer preferences. The segmentation based on vehicle range offers a nuanced understanding of the market, with electric motorcycles catering to varying travel distances. This segmentation reflects the diverse needs of consumers, from short-range urban commuting to long-distance touring, influencing the design and specifications of electric motorcycles.
Battery type plays a pivotal role in shaping the competitive landscape of the electric motorcycles market. Lithium-ion batteries have emerged as the preferred choice for their higher energy density, lighter weight, and longer lifespan compared to traditional lead-acid batteries. Nickel metal hydride batteries also feature in the market, offering a balance between performance and cost-efficiency. The choice of battery type impacts not only the performance but also the overall cost and sustainability of electric motorcycles, making it a critical consideration for manufacturers and consumers alike
Electric Motorcycles Key Benefits over Global Competitors:
- The report provides a qualitative and quantitative analysis of the Electric Motorcycles Market trends, forecasts, and market size to determine new opportunities.
- Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
- Top impacting factors & major investment pockets are highlighted in the research.
- The major countries in each region are analyzed and their revenue contribution is mentioned.
- The market player positioning segment provides an understanding of the current position of the market players active in the Personal Care Ingredients
Table of Content:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Global Electric Motorcycles Market Landscape
Part 04: Global Electric Motorcycles Market Sizing
Part 05: Global Electric Motorcycles Market Segmentation By Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Critical Insights Related to the Electric Motorcycles Included in the Report:
- Exclusive graphics and Illustrative Porter’s Five Forces analysis of some of the leading companies in this market
- Value chain analysis of prominent players in the market
- Current trends influencing the dynamics of this market across various geographies
- Recent mergers, acquisitions, collaborations, and partnerships
- Revenue growth of this industry over the forecast period
- Marketing strategy study and growth trends
- Growth-driven factor analysis
- Emerging recess segments and region-wise market
- An empirical evaluation of the curve of this market
- Ancient, Present, and Probable scope of the market from both prospect value and volume
The investment made in the study would provide you access to information such as:
- Electric Motorcycles Market [Global – Broken-down into regions]
- Regional level split [North America, Europe, Asia Pacific, South America, Middle East & Africa]
- Country wise Market Size Split [of important countries with major market share]
- Market Share and Revenue/Sales by leading players
- Market Trends – Emerging Technologies/products/start-ups, PESTEL Analysis, SWOT Analysis, Porter’s Five Forces, etc.
- Market Size)
- Market Size by application/industry verticals
- Market Projections/Forecast
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