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Global Electric Motorcycle Market Size, Share, Growth & Trends Analysis Report By Product (Motorcycles, Scooters) By Battery (Sla, Li-ion) By Voltage (24v, 36v, 48v) And Regional Outlook, Growth Potential & Forecast, 2022 – 2030

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Attributes

Details

Market Size in 2022
30.04 Billion
Estimated Market Size in 2030
54.02 Billion
CAGR Growth Rate
4.90%
Base Year
2022
Forecast Years
2023-2030
By Product
• Motorcycles
• Scooters
By Battery
• SLA
• Li-ion
By Voltage
• 24V
• 36V
• 48V
Major Regions Covered
• North America
• Europe
• Asia Pacific
• Latin America
• The Middle East & Africa
Companies Covered
• Zero Motorcycles
• Kwang Wang Yang Motor
• Estée Lauder Companies Inc.
• Hero Electric Vehicles Pvt. Ltd
• Energica Motor Company S.p.A
• Terra Motors
• Corporation
• Harley Davidson, Inc.
• Damon Motors Inc.
Coverage
• Revenue forecast
• Company share
• Competitive landscape
• Growth factors
• Trends
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Description

The global electric motorcycle market is a rapidly growing industry, driven by the rising demand for sustainable and eco-friendly transportation options. An electric motorcycle is a two-wheeled vehicle powered by an electric motor, which is charged by a battery. These motorcycles emit fewer pollutants than conventional gas-powered motorcycles, making them an attractive alternative for environmentally conscious consumers.

Global Electric Motorcycle Market: Scope and Segment

The market for electric motorcycles is expanding globally, with a significant increase in sales in recent years. Factors such as government incentives, rising fuel prices, and increased awareness of the benefits of electric vehicles have driven the demand for electric motorcycles.

Moreover, the development of advanced battery technology and the increasing number of charging stations are also contributing to the growth of the electric motorcycle market.

In terms of segmentation, the market can be classified based on the type of motorcycle, power output, battery type, and geography. The type of motorcycle can be further divided into standard, cruiser, sports, and others. The power output can be categorized into less than 15 kW, 15 kW to 25 kW, and more than 25 kW. The battery type can be classified into lead-acid, lithium-ion, and others.

Global Electric Motorcycle Market: Covid-19 Impact

The COVID-19 pandemic has had a significant impact on the global electric motorcycle market. The pandemic has disrupted global supply chains, led to factory closures, and reduced consumer demand. However, due to the growing demand for sustainable transportation options, the electric motorcycle market has proven to be more resilient than the conventional gas-powered motorcycle market.

During the initial stages of the pandemic, the electric motorcycle market experienced a decline in sales due to economic uncertainty and the closure of dealerships. However, the market started to recover in the latter half of 2020 due to the increasing demand for personal mobility and the rise of e-commerce sales.

Moreover, the pandemic has also shifted consumer behavior towards sustainable and eco-friendly transportation options. The increasing awareness of the importance of reducing carbon emissions and improving air quality has led to an increase in demand for electric motorcycles.

In addition, several governments around the world have implemented stimulus packages and financial incentives to promote the adoption of electric vehicles, including electric motorcycles. These policies are expected to further drive the growth of the electric motorcycle market in the coming years.

Overall, while the COVID-19 pandemic has had a significant impact on the global economy, the electric motorcycle market has shown resilience and is expected to continue to grow in the coming years, driven by the rising demand for sustainable transportation options.

Global Electric Motorcycle Market: Growth Drivers

  • Environmental Concerns:

One of the primary drivers of the growth in the electric motorcycle market is the increasing awareness of environmental issues, including air pollution and climate change. Electric motorcycles produce significantly fewer emissions than gasoline-powered motorcycles, making them an attractive option for consumers who are looking for sustainable and eco-friendly transportation options.

  • Government Incentives And Regulations:

Many governments around the world are offering financial incentives and subsidies to consumers who purchase electric motorcycles, as well as implementing regulations that require automakers to meet stricter emissions standards. These policies are driving the growth of the electric motorcycle market, as consumers are incentivized to purchase electric motorcycles instead of traditional gas-powered vehicles.

  • Improving Technology:

Advances in battery technology are making electric motorcycles more practical and reliable than ever before. The development of longer-lasting and more efficient batteries has made electric motorcycles a more viable option for consumers, as they can now travel farther on a single charge and have more power.

  • Rising Fuel Costs:

The cost of gasoline has been rising steadily over the past several years, making electric motorcycles more attractive to consumers who are looking to save money on fuel costs. Electric motorcycles are significantly more efficient than gasoline-powered vehicles, which means that consumers can save a significant amount of money on fuel over the life of the vehicle.

Global Electric Motorcycle Market: Restraining Factors

  • High Cost:

Electric motorcycles are typically more expensive than gasoline-powered motorcycles due to the cost of the battery and other components. While the cost of electric motorcycles has been decreasing over the past few years, they are still more expensive than gasoline-powered motorcycles, which can be a deterrent for some consumers.

  • Limited Range:

The range of electric motorcycles is still limited compared to gasoline-powered motorcycles, which can be a major concern for consumers who need to travel long distances. While the range of electric motorcycles has been improving with the development of new battery technology, they still have a way to go before they can match the range of gasoline-powered vehicles.

  • Limited Charging Infrastructure:

The lack of charging infrastructure is a major barrier to the adoption of electric motorcycles. Unlike gasoline-powered vehicles, electric motorcycles require a network of charging stations to be available for consumers to use. While charging infrastructure is improving, it is still relatively limited in many areas, which can be a deterrent for some consumers.

  • Limited Model Options:

While the number of electric motorcycle models available on the market is growing, it is still relatively limited compared to the number of gasoline-powered models available. This can be a deterrent for consumers who are looking for a specific type of motorcycle or feature.

Global Electric Motorcycle Market: Opportunity Factors

  • Government Initiatives:

Governments around the world are introducing policies and initiatives aimed at reducing carbon emissions and promoting the adoption of electric vehicles. These initiatives include tax credits, rebates, and subsidies for consumers who purchase electric motorcycles. Governments are also investing in charging infrastructure to support the growth of the electric motorcycle market.

  • Increasing Demand For Personal Transportation:

The COVID-19 pandemic has led to an increased demand for personal transportation as consumers seek to avoid public transportation. This has created an opportunity for electric motorcycles as consumers look for alternative modes of transportation that are affordable, efficient, and environmentally friendly.

  • Technological Advancements:

The rapid pace of technological advancement is driving innovation in the electric motorcycle market. Advances in battery technology, motor efficiency, and charging infrastructure are improving the performance and range of electric motorcycles, making them a more viable option for consumers.

  • Growing Consumer Awareness:

Consumers are becoming more aware of the environmental impact of gasoline-powered vehicles and are increasingly interested in sustainable and eco-friendly transportation options. This is driving demand for electric motorcycles, as consumers look for vehicles that are more efficient and have lower emissions.

Global Electric Motorcycle Market: Challenges

  • High Initial Cost:

 The initial cost of electric motorcycles is higher than traditional gasoline-powered motorcycles, which could be a major deterrent for some consumers. This is due to the cost of the battery and other components. Although the cost of electric motorcycles is expected to decrease as the technology matures, it remains a significant challenge for the market.

  • Limited Driving Range:

 The driving range of electric motorcycles is still limited compared to traditional gasoline-powered motorcycles. While the range has been improving with the development of new battery technology, it is still not as far as traditional motorcycles. This could be a concern for consumers who need to travel long distances and do not have access to charging infrastructure.

  • Limited Charging Infrastructure:

 The lack of a well-developed charging infrastructure is a major challenge for the growth of the electric motorcycle market. Unlike traditional gasoline-powered motorcycles, electric motorcycles require a network of charging stations to be available for consumers to use. The limited availability of charging infrastructure could discourage some consumers from purchasing electric motorcycles.

  • Safety Concerns:

The safety of electric motorcycles is still a concern for some consumers. The lack of experience with electric motorcycles and the limited data on their safety performance could deter some consumers from purchasing them.

Global Electric Motorcycle Market: Segmentation

By Product, the market is segmented into Motorcycles, Scooters. In the context of the global electric motorcycle market, the “Motorcycles” segment refers to electric motorcycles, which are two-wheeled vehicles powered by an electric motor. These motorcycles are designed to provide an eco-friendly alternative to traditional gasoline-powered motorcycles.

Electric motorcycles offer several advantages over their gas-powered counterparts, including reduced emissions, lower operating costs, and quieter operation. Additionally, electric motorcycles require less maintenance because they have fewer moving parts and don’t require oil changes. They can also be charged using a standard electric outlet, making them more convenient for daily use.

By Battery, the market is segmented into SLA and LI-ION. In the context of the global electric motorcycle market, the “SLA” battery segment refers to Sealed Lead Acid batteries. SLA batteries are a type of rechargeable battery that has been used in a variety of applications for several decades, including electric motorcycles.

SLA batteries are relatively affordable, durable, and have a relatively low self-discharge rate, which means they can hold their charge for a longer period of time compared to some other battery types. However, they also have some disadvantages, such as being relatively heavy and having a shorter lifespan compared to some other battery types.

By Voltage, the market is segmented into 4v, 36v, and 48v. A 4v battery is a low-voltage battery typically used in electric motorcycles that require less power and have a shorter range. These motorcycles are typically designed for short commutes or urban transportation, where the lower power requirements of the 4v battery are sufficient. However, 4v batteries are not as common in the market, as most modern electric motorcycles use higher voltage batteries for increased performance and range.

Global Electric Motorcycle Market: Regional Insights

The North American electric motorcycle market is expected to grow significantly in the coming years, driven by the increasing demand for eco-friendly vehicles and government initiatives to promote the adoption of electric vehicles. The United States is expected to be the largest market for electric motorcycles in North America, with several established and new manufacturers introducing electric motorcycle models to meet the demand.

The European electric motorcycle market is expected to grow at a significant rate due to the region’s strict emissions regulations and government incentives for the purchase of electric vehicles. Countries such as Germany, France, and the Netherlands are expected to be major markets for electric motorcycles.

The Asia-Pacific region is expected to be the largest market for electric motorcycles, with China and India being the key contributors to the growth. China is the largest market for electric motorcycles in the world, and the demand is expected to continue to grow due to government support for the adoption of electric vehicles. In India, the demand for electric motorcycles is increasing due to rising fuel costs and government incentives for the purchase of electric vehicles.

The rest of the world, including Latin America, the Middle East, and Africa, is also expected to contribute to the growth of the electric motorcycle market. The demand for electric motorcycles in these regions is expected to increase due to rising fuel costs, increasing environmental awareness, and government initiatives to promote the adoption of electric vehicles.

Overall, the global electric motorcycle market is expected to grow significantly in the coming years, with several regions contributing to the growth. The increasing demand for eco-friendly vehicles, government incentives, and technological advancements are expected to drive the growth of the market.

Competitive Analysis

Zero Motorcycles, Kwang Wang Yang Motor, Estée Lauder Companies Inc., Hero Electric Vehicles Pvt. Ltd, Energica Motor Company S.p.A, Terra Motors, Corporation, Harley, Davidson, Inc., H, D, Damon Motors Inc.

Global Electric Motorcycle Market: Recent Developments

  • Zero Motorcycles: In 2021, Zero Motorcycles launched its 2022 model year lineup of electric motorcycles, featuring new battery technology, updated software, and other improvements to enhance performance, range, and safety.
  • Kwang Yang Motor: In 2020, Kwang Yang Motor, the parent company of the Taiwanese motorcycle manufacturer Kymco, launched the Ionex electric scooter system, which allows users to swap out depleted batteries for fully charged ones at battery-swapping stations.
  • Estée Lauder Companies Inc.: In 2021, Estée Lauder Companies Inc. announced that it would be partnering with motorcycle manufacturer Harley-Davidson to launch a limited-edition collection of skincare products inspired by the Harley-Davidson brand.
  • Hero Electric Vehicles Pvt. Ltd: In 2021, Hero Electric Vehicles Pvt. Ltd, one of India’s leading electric two-wheeler manufacturers, announced that it had received a major investment from Gulf Islamic Investments, a Dubai-based investment firm, to fund its expansion plans in India and overseas.

Table of Contents

CHAPTER 1… Executive Summary.

CHAPTER 2… Impact of Coronavirus on the Global electric motorcycle market.

2.1. COVID-19 Impacts on Global electric motorcycle market

2.1.1. Impact on Industry Upstream..

2.1.2.     Impact on Industry Downstream..

2.1.3.     Impact on Industry Channels.

2.1.4.     Impact on Industry Competition.

2.1.5.     Impact on Industry EmploySLAt

CHAPTER 3… Global electric motorcycle market – Product Analysis.

3.1.        Global electric motorcycle market – Product Overview..

3.2.        Global electric motorcycle market Share, by Product, 2021 & 2030 (USD Million)

3.3.        Motorcycles.

3.3.1.     Global electric motorcycle market- Motorcycles, 2023-2030(USD Million)

3.4.        Scooters.

3.4.1.     Global electric motorcycle market- Scooters, 2023-2030(USD Million)

CHAPTER 4… Global electric motorcycle market – Battery Analysis.

4.1. Global electric motorcycle market – BatteryOverview..

4.2. Global electric motorcycle market Share, by Gender, 2021 & 2030 (USD Million)

4.3.        SLA.

4.3.1.     Global electric motorcycle market- SLA, 2023-2030(USD Million)

4.4.        Li-ion.

4.4.1.     Global electric motorcycle market- Li-ion, 2023-2030(USD Million)

CHAPTER 5… Global electric motorcycle market – Voltage Analysis.

5.1.        Global electric motorcycle market – Voltage Overview..

5.2.        Global electric motorcycle market Share, by Voltage, 2021 & 2030 (USD Million)

5.3.        36V.

5.3.1.     Global electric motorcycle market- 36V, 2023-2030(USD Million)

5.4.        24V.

5.4.1.     Global electric motorcycle market-  24V, 2023-2030(USD Million)

CHAPTER 6… Global electric motorcycle market – Regional Analysis.

6.1.        Global electric motorcycle market Regional Overview..

6.2.        Global electric motorcycle market Share, by Region, 2018 – 2030 (Value)

6.3.        North America.

6.3.1.     North America Global electric motorcycle market size and forecast, 2018 – 2030

6.3.2.     North America Global electric motorcycle market, by Country, 2018 – 2030 (USD Million)

6.3.3.     North America Global electric motorcycle market, by Product, 2018 – 2030

6.3.3.1.         North America Global electric motorcycle market, by Product, 2023-2030(USD Million)

6.3.4.     North America Global electric motorcycle market, by Gender, 2018 – 2030

6.3.4.1.         North America Global electric motorcycle market, by Gender, 2023-2030(USD Million)

6.3.5.     U.S.

6.3.5.1.         U.S. Market size and forecast, 2023-2030(USD Million)

6.3.6.     Canada

6.3.6.1.         Canada Market Size and Forecast, 2023-2030(USD Million)

6.3.7.     Mexico

6.3.7.1.         Mexico Market Size and Forecast, 2023-2030(USD Million)

6.4.        Europe.

6.4.1.     Europe Global electric motorcycle market size and Forecast, 2018 – 2030

6.4.2.     Europe Global electric motorcycle market, by Country, 2018 – 2030 (USD Million)

6.4.3.     Europe Global electric motorcycle market, by Product, 2018 – 2030.

6.4.3.1.         Europe Global electric motorcycle market, by Product, 2023-2030(USD Million)

6.4.4.     Europe Global electric motorcycle market, by Gender, 2018 – 2030.

6.4.4.1.         Europe Global electric motorcycle market, by Gender, 2023-2030(USD Million)

6.4.5.     Germany

6.4.5.1.         Germany Market size and forecast, 2023-2030(USD Million)

6.4.6.     France

6.4.6.1.         France Market size and forecast, 2023-2030(USD Million)

6.4.7.     U.K.

6.4.7.1.         U.K. Market size and forecast, 2023-2030(USD Million)

6.4.8.     Italy

6.4.8.1.         Italy Market size and forecast, 2023-2030(USD Million)

6.4.9.     Russia

6.4.9.1.         Russia Market size and forecast, 2023-2030(USD Million)

6.4.10.  Nordic Countries.

6.4.10.1.      Nordic Countries Market size and forecast, 2023-2030(USD Million)

6.4.11.  Benelux

6.4.11.1.      Benelux Market size and forecast, 2023-2030(USD Million)

6.4.12.  Rest of Europe.

6.4.12.1.      Rest of Europe Market size and forecast, 2023-2030(USD Million)

6.5.        Asia Pacific.

6.5.1.     Asia Pacific Global electric motorcycle market size and forecast, 2018 – 2030

6.5.2.     Asia Pacific Global electric motorcycle market, by Country, 2018 – 2030 (USD Million)

6.5.3.     Asia Pacific Global electric motorcycle market, by Product, 2018 – 2030

6.5.3.1.         Asia Pacific Global electric motorcycle market, by Product, 2023-2030(USD Million)

6.5.4.     Asia Pacific Global electric motorcycle market, by Gender, 2018 – 2030

6.5.4.1.         Asia Pacific Global electric motorcycle market, by Gender, 2023-2030(USD Million)

6.5.5.     China

6.5.5.1.         China Market size and forecast, 2023-2030(USD Million)

6.5.6.     Japan

6.5.6.1.         Japan Market size and forecast, 2023-2030(USD Million)

6.5.7.     South Korea

6.5.7.1.         South Korea Market size and forecast, 2023-2030(USD Million)

6.5.8.     Southeast Asia.

6.5.8.1.         Southeast Asia Market size and forecast, 2023-2030(USD Million)

6.5.9.     India

6.5.9.1.         India Market size and forecast, 2023-2030(USD Million)

6.5.10.  Rest of Asia

6.5.10.1.      Rest of Asia Market size and forecast, 2023-2030(USD Million)

6.6.        South America.

6.6.1.     South America Global electric motorcycle market size and forecast, 2018 – 2030

6.6.2.     South America Global electric motorcycle market, by Country, 2018 – 2030 (USD Million)

6.6.3.     South America Global electric motorcycle market, by Product, 2018 – 2030

6.6.3.1.         South America Global electric motorcycle market, by Product, 2023-2030(USD Million)

6.6.4.     South America Global electric motorcycle market, by Gender, 2018 – 2030

6.6.4.1.         South America Global electric motorcycle market, by Gender, 2023-2030(USD Million)

6.6.5.     Brazil

6.6.5.1.         Brazil Market size and forecast, 2023-2030(USD Million)

6.6.6.     Argentina

6.6.6.1.         Argentina Market size and forecast, 2023-2030(USD Million)

6.6.7.     Rest of South America.

6.6.7.1.         Rest of South America Market size and forecast, 2023-2030(USD Million)

6.7.        The Middle-East and Africa.

6.7.1.     The Middle-East and Africa Global electric motorcycle market size and forecast, 2018 – 2030.

6.7.2.     The Middle-East and Africa Global electric motorcycle market, by Country, 2018 – 2030 (USD Million)

6.7.3.     The Middle-East and Africa Global electric motorcycle market, by Product, 2018 – 2030. 64

6.7.3.1.         The Middle-East and Africa Global electric motorcycle market, by Product, 2023-2030(USD Million)

6.7.4.     The Middle-East and Africa Global electric motorcycle market, by Gender, 2018 – 2030. 65

6.7.4.1.         The Middle East and Africa Global electric motorcycle market, by Gender, 2023-2030(USD Million)

6.7.5.     Turkey

6.7.5.1.         Turkey Market size and forecast, 2023-2030(USD Million)

6.7.6.     Israel

6.7.6.1.         Israel Market size and forecast, 2023-2030(USD Million)

6.7.7.     Saudi Arabia

6.7.7.1.         Saudi Arabia Market size and forecast, 2023-2030(USD Million)

6.7.8.     UAE

6.7.8.1.         UAE Market size and forecast, 2023-2030(USD Million)

6.7.9.     Rest of Middle-East Africa.

6.7.9.1.         Rest of Middle-East Africa Market size and forecast, 2023-2030(USD Million)

CHAPTER 7… Global electric motorcycle market – Competitive Landscape.

7.1.        Competitor Market Share – Revenue.

7.2.        Market Concentration Rate Analysis, Top 3 and Top 5 Players.

7.3.        Strategic Development .

7.3.1.     Acquisitions and Mergers.

7.3.2.     New Products.

7.3.3.     Research & Development  Activities.

CHAPTER 8… Company Profiles.

8.1.

8.1.1.     Company Overview..

8.1.2.     Zero Motorcycles Revenue and Gross Margin.

8.1.3.     Product portfolio.

8.1.4.     Recent initiatives.

8.2.        Kwang Wang Yang Motor

8.2.1.     Company Overview..

8.2.2.     Kwang Wang Yang Motor Revenue and Gross Margin.

8.2.3.     Product portfolio.

8.2.4.     Recent initiatives.

8.3.        Estee Lauder Companies Inc.

8.3.1.     Company Overview..

8.3.2.     Estee Lauder Companies Inc. Revenue and Gross Margin.

8.3.3.     Product portfolio.

8.3.4.     Recent initiatives.

8.4.        Hero Electric Vehicles Pvt. Ltd.

8.4.1.     Company Overview..

8.4.2.     Hero Electric Vehicles Pvt. Ltd Revenue and Gross Margin.

8.4.3.     Product portfolio.

8.4.4.     Recent initiatives.

8.5.        Energica Motor Company S.p.A.

8.5.1.     Company Overview..

8.5.2.     Energica Motor Company S.p.A Revenue and Gross Margin.

8.5.3.     Product portfolio.

8.5.4.     Recent initiatives.

8.6.        Terra Motors.

8.7.        Corporation.

8.8.        Harley.

8.9.        Davidson, Inc.

8.10.      H, D.

8.11.      Damon Motors Inc.

8.12. 90

CHAPTER 9… Cosmetics — Industry Analysis.

9.1.        Global electric motorcycle market – Key Trends.

9.1.1.     Market Drivers.

9.1.2.     Market Restraints.

9.1.3.     Market Opportunities.

9.2.        Value Chain Analysis.

9.3.        Technology Roadmap and Timeline.

9.4.        Global electric motorcycle market – Attractiveness Analysis.

9.4.1.     By Product

9.4.2.     By Gender

9.4.3.     By Voltage

9.4.4.     By Region

CHAPTER 10. Marketing Strategy Analysis, Distributors.

10.1.      Marketing Channel

10.2.      Direct Marketing.

10.3.      Indirect Marketing.

10.4.      Marketing Channel Development  Trend.

10.5.      Economic/Political EnvironSLAtal Change.

CHAPTER 11. Report Conclusion.

CHAPTER 12. Research Approach & Methodology.

12.1.      Research Methodology.

12.2.      Research Approach.

12.3.      Market Breakdown and Data Triangulation.

Company Profile

XYZ

Frequently Asked Questions (FAQ):

  • What are the key factors driving the growth of the global electric motorcycle market?

    The key factors driving the growth of the global electric motorcycle market include increasing environmental concerns, government incentives and subsidies, rising fuel costs, advancements in battery technology, and the growing demand for sustainable transportation solutions.
  • How does the performance of electric motorcycles compare to traditional gasoline-powered motorcycles?

    Electric motorcycles are known for their instant torque delivery, providing quick acceleration and smooth rides. While they may have a lower top speed compared to some high-performance gasoline motorcycles, electric motorcycles offer comparable or even superior performance in terms of acceleration and overall riding experience.
  • What are the major advantages of electric motorcycles in terms of environmental impact and sustainability?

    Electric motorcycles have several advantages in terms of environmental impact and sustainability. They produce zero tailpipe emissions, reducing air pollution and contributing to cleaner and healthier cities. Electric motorcycles also have lower carbon footprints compared to gasoline-powered motorcycles as they rely on electricity from renewable sources. Additionally, they generate less noise pollution, making them more environmentally friendly and contributing to quieter communities.
  • What are the major challenges or barriers to the widespread adoption of electric motorcycles?

    The availability and accessibility of charging infrastructure for electric motorcycles can be a challenge in certain regions. However, governments and private entities are investing in expanding charging networks to address this issue.

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