NEW YORK, Nov. 14, 2023 - The electric motorcycle market is estimated to grow by USD 109.78 billion from 2022 to 2027, growing at a CAGR of 24.05%. The electric motorcycle market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer electric motorcycle market are 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, and Z Electric Vehicle Corp. The report provides a full list of key companies, their strategies, and the latest developments. Download a Sample before buying
Company Offering:
Bayerische Motoren Werke AG - The company offers electric motorcycles such as BMW Motorrad Definition CE 04.
Dongguan Tailing Electric Vehicle Co. - The company offers electric motorcycles such as FENGYING, TDOH23, and FGYY-5000.
Harley Davidson Inc. - The company offers electric motorcycles such as LiveWire ONE
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By Geography, the market is classified as APAC, Europe, North America, Middle East and Africa, and South America. APAC will have the largest share of the market
· APAC is estimated to account for 34% of the global market growth during the forecast period. The APAC region is rapidly becoming a significant contributor to the global electric motorcycle market, with countries like China, India, and Japan taking the lead in driving market growth. China, with its large population and government support for electric vehicles, commands the largest market share, with electric motorcycle sales in 2022 expected to surpass 1.28 million units.
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Impactful driver- Increase in demand for electric motorcycles
Key Trend - Use of Internet of Things (IoT) and smart infrastructure in electric motorcycle charging stations for load management
Major Challenges - The high cost of electric motorcycles
Market Segmentation
The market share growth by the sealed lead acid segment will be significant during the forecast period. Electric motorcycles commonly employ sealed lead-acid (SLA) batteries, which come enclosed in a durable plastic casing to prevent acid leakage, ensuring a high degree of maneuverability for motorcycles without the worry of battery leakage. In contrast to lithium-ion batteries, SLA batteries are a more cost-effective option, making them a budget-friendly choice for motorcycle manufacturers.
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Related Reports:
The high-performance electric motorcycle market size is estimated to grow at a CAGR of 9.65% between 2022 and 2027. The market size is forecast to increase by USD 11,334.34 million.
The two-wheeler electronic control unit (ECU) market size is estimated to grow at a CAGR of 5.05% between 2022 and 2027. The market size is forecast to increase by USD 19.23 billion.
Electric Motorcycle Market Scope
Report Coverage
Details
Historic period
2017-2021
Growth momentum & CAGR
Accelerate at a CAGR of 24.05%
YoY growth 2022-2023 (%)
23.5
Regional analysis
APAC, Europe, North America, Middle East and Africa, and South America
Key countries
US, China, India, Japan, and Germany
TOC:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Technology
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
About US
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