The Electric Motorcycles Market size is expected to reach USD 17.20 Bn by 2030 and was valued at 7.5 Bn in 2022 and grow at a CAGR of 11.80% over the forecast period 2023-2030.
Due to their zero tailpipe emissions, electric motorcycles are environmentally beneficial and help to minimise air pollution and greenhouse gas emissions. Compared to regular motorcycles, electric motorcycles operate much more quietly, which might help lessen noise pollution in urban areas. Because electric motorcycles have fewer moving parts than gas motorcycles, they require less maintenance over time. Charging an electric motorcycle is typically less expensive than filling up a gas tank. Electric motors produce rapid torque, allowing for swift acceleration and responsive performance. Regenerative braking systems are used on many electric bikes. These systems collect and store energy as the motorcycle brakes, so increasing its range.
In terms of global motorcycle sales, electric motorbike sales were a relatively tiny portion. They represented fewer than 1% to 5% of all motorbike sales in various areas. There were considerable regional differences in the adoption of electric motorcycles. For instance, higher emissions restrictions and government incentives led to a greater interest in electric motorcycles in various European and Asian nations. In contrast, they had a lower market share in various other regions of the world. Sales of electric motorcycles have been steadily increasing, with some manufacturers adding new models and advancing battery technology. Increased environmental consciousness, rising gasoline costs, and technological advancements in electric vehicles were the main drivers of this expansion.
In comparison to internal combustion engines, electric motors produce less vibration, resulting in a smoother and more comfortable ride. Maintenance is less complicated for electric motorcycles because they don't need to have exhaust systems or go through oil changes. The inventive and adaptable designs made possible by electric motorcycle technology result in distinctive and futuristic bike types. A percentage of the propulsion energy consumed by electric motorcycles is turned into electricity during regenerative braking, making them generally more energy-efficient than their gas-powered counterparts. As the use of electric vehicles increases, so does the infrastructure for charging them, making it simpler to charge electric motorcycles everywhere.
The normal range of short-range electric motorcycles is 40 to 80 miles (64 to 128 km) on a single charge. These versions are frequently made for quick excursions and urban transportation. A range of 80 to 150 miles (128 to 240 km) is provided by mid-range electric motorcycles. They are appropriate for users who require greater freedom and wish to travel farther between charges. Electric motorcycles with a long range are able to cover more than 150 miles (240 km) on a single charge. These versions are made for riders who desire to take lengthy journeys without stopping often to recharge.
Driver
The rise in adoption and the rising sales of electric motorcycles.
Many people are looking for cleaner transportation options due to growing knowledge of the negative environmental effects of fossil fuels. Electric motorcycles have no tailpipe emissions, making them a desirable option for riders who care about the environment. Due to their silent operation, quick torque, and small size, electric motorcycles are ideal for urban commuting. Electric motorcycles are a desirable choice for urban travel as a result of the efforts being made by many communities to reduce noise and air pollution. Some electric motorcycles have outstanding top speeds and high levels of performance, including rapid acceleration. Instant power delivery from electric motors makes for an exhilarating riding experience.
Restrains
The economic constrains and the supply chain barriers.
Opportunity
The government initiatives for climate control.
Carbon pricing methods like carbon taxes or cap-and-trade programmes have been adopted by several nations. These programmes impose a cost on carbon emissions, giving people and companies a financial incentive to cut back on greenhouse gas emissions. Governments set goals for the usage of renewable energy sources like hydropower, solar electricity, and wind power. Incentives, subsidies, and tax breaks are frequently offered to encourage the creation and uptake of renewable energy technologies. Governments have the authority to create energy efficiency standards for structures, appliances, and vehicles. These regulations promote the use of energy-saving devices and lower overall energy use.
As more competitors enter the market in pursuit of new revenue streams during a recession, certain scooter-sharing businesses may experience greater competition. Pricing pressure and a difficult business environment may result from this. In reaction to economic difficulties, governments may change the rules governing electric scooters. To raise money or address safety issues, they might put more fees or limits on scooter operations. To conserve money, people may prioritise shorter journeys during a recession or choose shared mobility options over owning a car. This might be advantageous for manufacturers of electric scooters as people look for more cheap mobility options. The disposal income might be affected by 10 to 15 %.
Impact of Russia Ukraine War:
The confrontation between Russia and Ukraine may have an impact on oil and electricity prices. These price swings may affect consumer preferences for electric vs. traditional motorcycles and have a cascade effect on the cost of operating electric motorcycles. Tensions in geopolitics can have an impact on trade agreements and international relations. Exports and imports of electric motorcycles may be directly impacted by changes in trade laws and tariffs. Geopolitical conflicts can have an impact on consumer attitude and confidence. Customers may put off purchases if they feel there is increased risk or instability, which would influence the market for electric motorcycles. The investment has decrease by 15% compared to the previous years.
By Vehicle Range:
75 Miles
75-100 Miles
More Than 100 Miles
By Battery Type
Lead Acid
Lithium-Ion Acid
Nickel metal hydride
By Voltage Type
Below 24
24-48
48-60
Above 60
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North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The market for electric motorcycles in North America, particularly in the United States and Canada, was reasonably developed. There were many significant players, including Harley-Davidson and Zero Motorcycles. Due to their low operating costs and environmental friendliness, electric motorcycles have gained popularity among consumers in North America. The industry faced a number of difficulties, including high initial prices, a lack of adequate charging infrastructure, and range anxiety.
The market for electric motorcycles in Europe was expanding, with major interest shown in nations like Germany and France. The introduction of electric motorbikes was aided by robust government incentives and regulatory assistance, which included subsidies and tax advantages. As a green and effective method of transportation, electric motorcycles were becoming more and more popular in cities.
APAC will be the region with the highest CAGR growth rate, Electric motorbike production was particularly active in the Asia-Pacific area, especially in China and India. The biggest market for electric two-wheelers worldwide was China. Due to their affordability and efficacy in relieving traffic congestion, electric scooters and motorcycles are becoming more and more popular in places like India and Southeast Asian countries. Asia-Pacific was home to a number of significant electric motorcycle startups and manufacturers, taking advantage of the region's cheaper production costs.
The major key players are Harley Davidson, Lito Motorcycles, Essence Motorcycles, Tacita, Alta Motors, Yadea, Lima, Tailg, Wuyang Honda, Supaq, and others.
Harley Davidson: The investments for the battery all around the globe and also the M&A to have a vertical integration.
Yadea; Supporting the environment by spreading the awareness of use of electric motorcycles in the undeveloped regions.
| Report Attributes | Details |
| Market Size in 2022 | US$ 7.5 Billion |
| Market Size by 2030 | US$ 17.20 Billion |
| CAGR | CAGR of 11.80 % From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2019-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Vehicle Range (75 Miles, 75-100 Miles, More Than 100 Miles) • By Battery Type (Lead Acid, Lithium-Ion Acid, Nickel metal hydride) • By Voltage Type (Below 24, 24-48, 48-60, Above 60 |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Harley Davidson, Lito Motorcycles, Essence Motorcycles, Tacita, Alta Motors, Yadea, Lima, Tailg, Wuyang Honda, Supaq |
| Key Drivers | • The rise in adoption and the rising sales of electric motorcycles. |
| Market Opportunity | • The government initiatives for climate control. |
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Russia-Ukraine war
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Electric Motorcycles Market, By Vehicle Range
8.1 75 Miles
8.2 75-100 Miles
8.3 More Than 100 Miles
9. Electric Motorcycles Market, By Battery Type
9.1 Lead Acid
9.2 Lithium-Ion Acid
9.3 Nickel metal hydride
10. Electric Motorcycles Market, By Voltage Type
10.1 Below 24
10.2 24-48
10.3 48-60
10.4 Above 60
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Electric Motorcycles Market by Country
11.2.2North America Electric Motorcycles Market by Vehicle Range
11.2.3 North America Electric Motorcycles Market by Battery Type
11.2.4 North America Electric Motorcycles Market by Voltage Type
11.2.5 USA
11.2.5.1 USA Electric Motorcycles Market by Vehicle Range
11.2.5.2 USA Electric Motorcycles Market by Battery Type
11.2.5.3 USA Electric Motorcycles Market by Voltage Type
11.2.6 Canada
11.2.6.1 Canada Electric Motorcycles Market by Vehicle Range
11.2.6.2 Canada Electric Motorcycles Market by Battery Type
11.2.6.3 Canada Electric Motorcycles Market by Voltage Type
11.2.7 Mexico
11.2.7.1 Mexico Electric Motorcycles Market by Vehicle Range
11.2.7.2 Mexico Electric Motorcycles Market by Battery Type
11.2.7.3 Mexico Electric Motorcycles Market by Voltage Type
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Electric Motorcycles Market by country
11.3.1.2 Eastern Europe Electric Motorcycles Market by Vehicle Range
11.3.1.3 Eastern Europe Electric Motorcycles Market by Battery Type
11.3.1.4 Eastern Europe Electric Motorcycles Market by Voltage Type
11.3.1.5 Poland
11.3.1.5.1 Poland Electric Motorcycles Market by Vehicle Range
11.3.1.5.2 Poland Electric Motorcycles Market by Battery Type
11.3.1.5.3 Poland Electric Motorcycles Market by Voltage Type
11.3.1.6 Romania
11.3.1.6.1 Romania Electric Motorcycles Market by Vehicle Range
11.3.1.6.2 Romania Electric Motorcycles Market by Battery Type
11.3.1.6.4 Romania Electric Motorcycles Market by Voltage Type
11.3.1.7 Turkey
11.3.1.7.1 Turkey Electric Motorcycles Market by Vehicle Range
11.3.1.7.2 Turkey Electric Motorcycles Market by Battery Type
11.3.1.7.3 Turkey Electric Motorcycles Market by Voltage Type
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Electric Motorcycles Market by Vehicle Range
11.3.1.8.2 Rest of Eastern Europe Electric Motorcycles Market by Battery Type
11.3.1.8.3 Rest of Eastern Europe Electric Motorcycles Market by Voltage Type
11.3.2 Western Europe
11.3.2.1 Western Europe Electric Motorcycles Market by Country
11.3.2.2 Western Europe Electric Motorcycles Market by Vehicle Range
11.3.2.3 Western Europe Electric Motorcycles Market by Battery Type
11.3.2.4 Western Europe Electric Motorcycles Market by Voltage Type
11.3.2.5 Germany
11.3.2.5.1 Germany Electric Motorcycles Market by Vehicle Range
11.3.2.5.2 Germany Electric Motorcycles Market by Battery Type
11.3.2.5.3 Germany Electric Motorcycles Market by Voltage Type
11.3.2.6 France
11.3.2.6.1 France Electric Motorcycles Market by Vehicle Range
11.3.2.6.2 France Electric Motorcycles Market by Battery Type
11.3.2.6.3 France Electric Motorcycles Market by Voltage Type
11.3.2.7 UK
11.3.2.7.1 UK Electric Motorcycles Market by Vehicle Range
11.3.2.7.2 UK Electric Motorcycles Market by Battery Type
11.3.2.7.3 UK Electric Motorcycles Market by Voltage Type
11.3.2.8 Italy
11.3.2.8.1 Italy Electric Motorcycles Market by Vehicle Range
11.3.2.8.2 Italy Electric Motorcycles Market by Battery Type
11.3.2.8.3 Italy Electric Motorcycles Market by Voltage Type
11.3.2.9 Spain
11.3.2.9.1 Spain Electric Motorcycles Market by Vehicle Range
11.3.2.9.2 Spain Electric Motorcycles Market by Battery Type
11.3.2.9.3 Spain Electric Motorcycles Market by Voltage Type
11.3.2.10 Netherlands
11.3.2.10.1 Netherlands Electric Motorcycles Market by Vehicle Range
11.3.2.10.2 Netherlands Electric Motorcycles Market by Battery Type
11.3.2.10.3 Netherlands Electric Motorcycles Market by Test Type
11.3.2.11 Switzerland
11.3.2.11.1 Switzerland Electric Motorcycles Market by Vehicle Range
11.3.2.11.2 Switzerland Electric Motorcycles Market by Battery Type
11.3.2.11.3 Switzerland Electric Motorcycles Market by Voltage Type
11.3.2.1.12 Austria
11.3.2.12.1 Austria Electric Motorcycles Market by Vehicle Range
11.3.2.12.2 Austria Electric Motorcycles Market by Battery Type
11.3.2.12.3 Austria Electric Motorcycles Market by Voltage Type
11.3.2.13 Rest of Western Europe
11.3.2.13.1 Rest of Western Europe Electric Motorcycles Market by Vehicle Range
11.3.2.13.2 Rest of Western Europe Electric Motorcycles Market by Battery Type
11.3.2.13.3 Rest of Western Europe Electric Motorcycles Market by Voltage Type
11.4 Asia-Pacific
11.4.1 Asia-Pacific Electric Motorcycles Market by country
11.4.2 Asia-Pacific Electric Motorcycles Market by Vehicle Range
11.4.3 Asia-Pacific Electric Motorcycles Market by Battery Type
11.4.4 Asia-Pacific Electric Motorcycles Market by Voltage Type
11.4.5 China
11.4.5.1 China Electric Motorcycles Market by Vehicle Range
11.4.5.2 China Electric Motorcycles Market by Voltage Type
11.4.5.3 China Electric Motorcycles Market by Battery Type
11.4.6 India
11.4.6.1 India Electric Motorcycles Market by Vehicle Range
11.4.6.2 India Electric Motorcycles Market by Battery Type
11.4.6.3 India Electric Motorcycles Market by Voltage Type
11.4.7 Japan
11.4.7.1 Japan Electric Motorcycles Market by Vehicle Range
11.4.7.2 Japan Electric Motorcycles Market by Battery Type
11.4.7.3 Japan Electric Motorcycles Market by Voltage Type
11.4.8 South Korea
11.4.8.1 South Korea Electric Motorcycles Market by Vehicle Range
11.4.8.2 South Korea Electric Motorcycles Market by Battery Type
11.4.8.3 South Korea Electric Motorcycles Market by Voltage Type
11.4.9 Vietnam
11.4.9.1 Vietnam Electric Motorcycles Market by Vehicle Range
11.4.9.2 Vietnam Electric Motorcycles Market by Battery Type
11.4.9.3 Vietnam Electric Motorcycles Market by Voltage Type
11.4.10 Singapore
11.4.10.1 Singapore Electric Motorcycles Market by Vehicle Range
11.4.10.2 Singapore Electric Motorcycles Market by Battery Type
11.4.10.3 Singapore Electric Motorcycles Market by Voltage Type
11.4.11 Australia
11.4.11.1 Australia Electric Motorcycles Market by Vehicle Range
11.4.11.2 Australia Electric Motorcycles Market by Battery Type
11.4.11.3 Australia Electric Motorcycles Market by Voltage Type
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Electric Motorcycles Market by Vehicle Range
11.4.12.2 Rest of Asia-Pacific Electric Motorcycles Market by Battery Type
11.4.12.3 Rest of Asia-Pacific Electric Motorcycles Market by Test Type
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Electric Motorcycles Market by country
11.5.1.2 Middle East Electric Motorcycles Market by Vehicle Range
11.5.1.3 Middle East Electric Motorcycles Market by Battery Type
11.5.1.4 Middle East Electric Motorcycles Market by Voltage Type
11.5.1.5 UAE
11.5.1.5.1 UAE Electric Motorcycles Market by Vehicle Range
11.5.1.5.2 UAE Electric Motorcycles Market by Battery Type
11.5.1.5.3 UAE Electric Motorcycles Market by Voltage Type
11.5.1.6 Egypt
11.5.1.6.1 Egypt Electric Motorcycles Market by Vehicle Range
11.5.1.6.2 Egypt Electric Motorcycles Market by Battery Type
11.5.1.6.3 Egypt Electric Motorcycles Market by Voltage Type
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Electric Motorcycles Market by Vehicle Range
11.5.1.7.2 Saudi Arabia Electric Motorcycles Market by Battery Type
11.5.1.7.3 Saudi Arabia Electric Motorcycles Market by Voltage Type
11.5.1.8 Qatar
11.5.1.8.1 Qatar Electric Motorcycles Market by Vehicle Range
11.5.1.8.2 Qatar Electric Motorcycles Market by Battery Type
11.5.1.8.3 Qatar Electric Motorcycles Market by Voltage Type
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Electric Motorcycles Market by Vehicle Range
11.5.1.9.2 Rest of Middle East Electric Motorcycles Market by Battery Type
11.5.1.9.3 Rest of Middle East Electric Motorcycles Market by Voltage Type
11.5.2 Africa
11.5.2.1 Africa Transfusion Diagnostics Market by country
11.5.2.2 Africa Electric Motorcycles Market by Vehicle Range
11.5.2.3 Africa Electric Motorcycles Market by Battery Type
11.5.2.4 Africa Electric Motorcycles Market by Voltage Type
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Electric Motorcycles Market by Vehicle Range
11.5.2.5.2 Nigeria Electric Motorcycles Market by Battery Type
11.5.2.5.3 Nigeria Electric Motorcycles Market by Voltage Type
11.5.2.6 South Africa
11.5.2.6.1 South Africa Electric Motorcycles Market by Vehicle Range
11.5.2.6.2 South Africa Electric Motorcycles Market by Battery Type
11.5.2.6.3 South Africa Electric Motorcycles Market by Voltage Type
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Electric Motorcycles Market by Vehicle Range
11.5.2.7.2 Rest of Africa Electric Motorcycles Market by Battery Type
11.5.2.7.3 Rest of Africa Electric Motorcycles Market by Voltage Type
11.6 Latin America
11.6.1 Latin America Electric Motorcycles Market by country
11.6.2 Latin America Electric Motorcycles Market by Vehicle Range
11.6.3 Latin America Electric Motorcycles Market by Battery Type
11.6.4 Latin America Electric Motorcycles Market by Voltage Type
11.6.5 Brazil
11.6.5.1 Brazil Electric Motorcycles by Vehicle Range
11.6.5.2 Brazil Electric Motorcycles by Battery Type
11.6.5.3 Brazil Electric Motorcycles by Voltage Type
11.6.6 Argentina
11.6.6.1 Argentina Electric Motorcycles by Vehicle Range
11.6.6.2 Argentina Electric Motorcycles by Battery Type
11.6.6.3 Argentina Electric Motorcycles by Voltage Type
11.6.7 Colombia
11.6.7.1 Colombia Electric Motorcycles by Vehicle Range
11.6.7.2 Colombia Electric Motorcycles by Battery Type
11.6.7.3 Colombia Electric Motorcycles by Voltage Type
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Electric Motorcycles by Vehicle Range
11.6.8.2 Rest of Latin America Electric Motorcycles by Battery Type
11.6.8.3 Rest of Latin America Electric Motorcycles by Voltage Type
12. Company Profiles
12.1 Harley Davidson
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Lito Motorcycles
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Product/Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Essence Motorcycles
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Product/Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Tacita
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Product/Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Alta Motors
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Product/Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Yadea
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Product/Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Lima
12.7.1 Company Overview
12.7.2 Financials
12.7.3 Product/Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Tailg
12.8.1 Company Overview
12.8.2 Financials
12.8.3 Product/Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Wuyang Honda
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Product/Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Supaq
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Product/Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Bench marking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
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