Electric Motorcycles Market Size, Share, Trends, Demand, Growth and Opportunity Analysis
Electric Motorcycles Market Size, Share, Trends, Demand, Growth and Opportunity Analysis
Blog Article
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**
- **Vehicle Type**: The electric motorcycles market can be segmented based on vehicle type into e-scooters, e-bikes, and e-motorcycles. E-bikes are expected to dominate the market due to their affordability and ease of use, especially in urban areas for short commutes. E-motorcycles are gaining traction among enthusiasts looking for a more powerful and premium riding experience.
- **Battery Type**: Segmentation based on battery type includes Lithium-Ion, Lead Acid, and others. Lithium-Ion batteries are the most widely used in electric motorcycles due to their higher energy density, longer lifespan, and lightweight properties. They offer better performance and are more environmentally friendly compared to Lead Acid batteries.
- **Technology**: In terms of technology, the market can be segmented into connected motorcycles, autonomous motorcycles, and conventional electric motorcycles. Connected motorcycles are equipped with IoT technology for navigation, remote diagnostics, and real-time data monitoring. Autonomous motorcycles are in the developmental stage but hold great potential for enhancing rider safety and experience.
**Market Players**
- **Harley-Davidson, Inc.**: A well-known name in the motorcycle industry, Harley-Davidson has introduced electric motorcycles like the LiveWire, targeting premium segment customers. The company is focusing on innovation and sustainability to meet the growing demand for electric vehicles.
- **Zero Motorcycles, Inc.**: Zero Motorcycles is a key player in the electric motorcycle market, offering a range of models from off-road to street bikes. Their emphasis on performance, range, and design has helped them gain a strong foothold in the industry.
- **Energica Motor Company S.p.A.**: Specializing in high-performance electric motorcycles, Energica Motor Company caters to riders who seek both speed and sustainability. Their models feature cutting-edge technology and premium components, appealing to the performance-oriented market segment.
- **Cake**: A Swedish company known for its stylish and minimalist electric motorcycles, Cake targets urban commuters and off-road enthusiastsHarley-Davidson, Inc. has been a dominant force in the traditional motorcycle market for decades, and their foray into electric motorcycles with the LiveWire model showcases their commitment to innovation and sustainability. By targeting the premium segment of customers, Harley-Davidson is aiming to not only expand its customer base but also appeal to a new generation of riders who are environmentally conscious and tech-savvy. The LiveWire's performance, design, and brand reputation position it as a strong competitor in the electric motorcycle market, setting the stage for Harley-Davidson to further establish itself as a key player in the industry.
Zero Motorcycles, Inc. has carved out a significant market share in the electric motorcycle industry by focusing on performance, range, and design across their range of models. As a key player in the market, Zero Motorcycles has demonstrated a deep understanding of the needs and preferences of electric motorcycle enthusiasts, offering options for both off-road and street riding. This versatility, combined with their reputation for quality and reliability, has propelled Zero Motorcycles to the forefront of the industry, attracting riders who value both performance and sustainability in their motorcycles.
Energica Motor Company S.p.A. stands out in the electric motorcycle market by specializing in high-performance models that cater to riders seeking speed and sustainability. By combining cutting-edge technology with premium components, Energica Motor Company has positioned itself as a top choice for performance-oriented consumers who do not want to compromise on power or environmental impact. The company's focus on delivering a superior riding experience through innovative features and sleek designs has resonated with riders looking for a balance between performance and eco-friendliness, solidifying Energica's reputation as a leader in the high-performance electric motorcycle segment.
Cake, a Swedish electric motorcycle company, has differentiated itself in the market with its stylish and minimalist designs tailored for urban commuters and off-road enthusiasts. By focusing on simplicity, functionality, and sustainability, Cake has captured the attention of riders who prioritize a unique and eco-conscious riding**Global Electric Motorcycles Market Analysis**
- **Vehicle Range**: The segmentation based on vehicle range is crucial as it directly impacts the usability and target market for electric motorcycles. Electric motorcycles with a range below 75 miles are ideal for daily commutes and short-distance travel, appealing to urban riders looking for cost-effective and eco-friendly transportation options. The 75–100 miles range category caters to a broader range of users, including those with longer commutes or occasional recreational riders. Electric motorcycles with a range above 100 miles are suited for riders seeking extended travel capabilities without compromising on performance.
- **Battery Type**: The type of battery used in electric motorcycles plays a significant role in determining factors such as performance, lifespan, weight, and environmental impact. Lithium-Ion batteries continue to dominate the market due to their superior energy density, lightweight properties, and longer lifespan compared to Lead Acid and Nickel Metal Hydride batteries. The adoption of Lithium-Ion batteries has been driven by their ability to provide higher performance, faster charging times, and overall better efficiency, contributing to a more sustainable and appealing electric motorcycle market.
- **Voltage**: Segmentation based on voltage considerations reflects the power and performance capabilities of electric motorcycles. Electric motorcycles with voltage below 24 volts are typically entry-level models suited for urban commuting and casual riding. The 24–48 volts category offers a balance between performance and efficiency, appealing to a wider range of riders looking for versatility and moderate power. Electric motorcycles with voltage ranging from
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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