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
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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**Global Electric Motorcycles Market Analysis**
The global electric motorcycles market has been experiencing significant growth in recent years due to the increasing demand for eco-friendly transportation options and the rising awareness about reducing carbon emissions. According to the data available, the market is expected to continue its upward trajectory, driven by factors such as government initiatives promoting electric vehicles, technological advancements in battery technology, and the growing adoption of electric motorcycles by consumers looking for cost-effective and efficient means of transportation.
**Segments**
The global electric motorcycles market can be segmented based on product type, battery type, voltage type, and region. In terms of product type, the market can be categorized into scooters, motorcycles, and others. The scooter segment is expected to witness substantial growth due to its ease of use and suitability for urban commuting. By battery type, the market can be divided into lead-acid, li-ion, and others, with the li-ion segment dominating the market due to its higher energy density and longer lifespan. Voltage type segmentation includes low voltage and high voltage electric motorcycles, with high voltage variants gaining popularity for their superior performance.
**Market Players**
- Harley-Davidson
- Zero Motorcycles
- Lightning Motorcycle
- Energica Motor Company S.p.A
- Alta Motors
- KTM AG
- BMW Motorrad
- Honda Motor Co., Ltd.
- Terra Motors
- Victory Motorcycles
These market players are at the forefront of driving innovation and competition within the global electric motorcycles market, with a focus on developing advanced technologies, expanding their product portfolios, and enhancing their distribution networks to cater to the growing demand for electric motorcycles worldwide.
The market is witnessing several trends that are shaping its growth trajectory, including the integration of IoT and AI technologies in electric motorcycles for enhanced connectivity and performance monitoring. Additionally, the increasing investments in R&D activities by key market players to improve battery efficiency and charging infrastructure are expected to further boost market growth. Moreover, the rising consumer preference for electric motorcycles over traditional gasoline-powered vehicles due to their lower operating costs and environmental benefits is driving market expansion.
Despite the positive outlook, the global electric motorcycles market faces challenges such as high initial costs compared to conventional motorcycles, limited range and charging infrastructure, and concerns regarding battery disposal and recycling. Overcoming these challenges will require concerted efforts from industry stakeholders, including government bodies, manufacturers, and technology providers, to address key barriers and promote the wider adoption of electric motorcycles.
In conclusion, the global electric motorcycles market is poised for substantial growth in the coming years, driven by technological advancements, supportive government policies, and shifting consumer preferences towards sustainable mobility solutions. Market players need to focus on innovation, sustainability, and customer-centric strategies to capitalize on the lucrative opportunities offered by the evolving electric motorcycles market landscape.
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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