The global electric motorcycle market is anticipated to reach a market size of around US$ 41,000 Mn by 2027 and is anticipated to grow at a CAGR of around 4% in terms of revenue during the forecast period 2020 – 2027.
The growing concern about vehicle emissions and consumer awareness for air quality will stimulate growth in the market. In addition, rising public spending is projected to expand consumer penetration in the production of networks for charging EV. Progress in technology in the area of battery and motor systems will help market size growth in electric motorcycles. Increased demand growth will be fueled by the production of Interior Permanent Magnet (IPMs) that have integrated power and reliability for the performance of electric motorcycles. In the case of instantaneous throttle response, the ability of IPM engines to maximum torque leads to their rapid adoption of electric two-rollers. In addition, these motors provide improved strength and acceleration for electric bikes through their small size and reduced weight.
One of the major factors hindering the growth of the electric motorcycles market is the high initial cost of electric scooters. With high-capacity batteries, high performance in electric two-wheelers is achieved. The high prices of these two-wheeled electric batteries add up to the total cost. In order to reduce weight and raise the initial cost of buying, high-quality components used in the production of electric motors are not produced. However, persistent industry leaders' research and development efforts add greatly to the cost savings of batteries and other materials. In 2020 there will be a temporary slowdown on the hybrid motorcycle and scooter market. The global gradual economic decline can be traced to slow inflation and a decrease in consumer buying power worldwide. As COVID-19 is prevalent, customers are very likely to purchase important things, such as food and health goods. Leading to skill shortages and supply chain delays, there are substantial disturbances in automotive manufacturing.
Government Regulations are fueling the Electric Scooter and Motorcycle Market's Growth
The price of most electric two-wheelers is high as against traditional ones in the present scenario. Electric two-wheelers are more expensive than traditional ones, despite government subsidies. Governments are trying to encourage and boost the development of two-wheelers electricity. Many countries with common two-wheelers have created new incentives for e-scooters and motorbikes. For instance, the Indian government announced in 2019 that electricity should be available to all two-wheeler under 150 CCs generated in India after March 31, 2025. The government has also unveiled its strategy on FAME II (Fast Electric Vehicle Adoption and Manufacture). Taiwan also plans to provide incentives for the purchase of new hybrid motorcycles/scooters of up to US$ 900-1000 from 2020. However, from last year, this subsidy was reduced. Gogoro, a local start-up, sold a total of 22,500 units in December 2019 due to such plans in the past. It finished also in 2019 with 145,000 Taiwanese sales reported.
The Asia-Pacific demand over the projected period is predicted to lead. The key economies in the international market are China, India and Japan, which are projected to affect the general market. The countries in question are seeing the arrival into the market of a growing number of startups and well-known traditional producers. India is the newcomer among many new start-ups that mark their existence with the start of new models as one of the largest dual-wheelers markets. BattRE Electric Mobility, for instance, introduced an IoT scooter in 2020, which has features such as browser support, trip data, remote diagnostics, antiviral alert, call speedometer alarms and driving behaviour. In the coming years too, the European region is expected to expand dramatically.
Some of the prominent players in the electric motorcycle market include BMW, Harley Davidson, Amper Vehicles, Alta Motors, Energica Motor Company S.p.A, Govecs Group, Hero Eco, Honda Motors, KTM, Zero Motorcycles, Lightning Motorcycles, Mahindra GenZe, Shandong Incalcu Electric Vehicle Co. Ltd, CAKE 0 Emission AB, Z Electric Vehicle, Suzuki Motors Corporation, and others.
The global electric motorcycle market is segmented as below:
Market Segmentation
Electric Motorcycle Market By Vehicle Range
Below 75 Miles
75-100 Miles
Above 100 Miles
Electric Motorcycle Market By Battery Type
Li-ion
Lead Acid
Nickel Metal Hydride
Electric Motorcycle Market By Voltage
Below 24 Volt
24-48 Volt
48-60 Volt
Above 60 Volt
Electric Motorcycle Market By Geography
North America
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
CHAPTER 1. Industry Overview of Electric Motorcycle
1.1. Definition and Scope
1.1.1. Definition of Electric Motorcycle
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Electric Motorcycle Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Electric Motorcycle Market By Vehicle Range
1.2.3. Electric Motorcycle Market By Battery Type
1.2.4. Electric Motorcycle Market By Voltage
1.2.5. Electric Motorcycle Market by Regions
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Battery Type
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restrain 1
3.2.2. Restrain 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio And Market Maturity Analysis of Electric Motorcycle Market
3.5.1. Go To Market Strategy
3.6. Technological Roadmap for Electric Motorcycle Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Cost Structure Analysis
3.9. Regulatory Compliance
3.10. Competitive Landscape, 2019
3.10.1. Player Positioning Analysis
3.10.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Manufacturing Plant Analysis
4.1. Manufacturing Plant Location and Establish Date Global for Electric Motorcycle Major Manufacturers in 2019
4.2. R&D Status and By Battery Type Battery Type of Global Electric Motorcycle Major Manufacturers in 2019
CHAPTER 5. Electric Motorcycle Market By Vehicle Range
5.1. Introduction
5.2. Electric Motorcycle Revenue By Vehicle Range
5.2.1. Electric Motorcycle Revenue (US$ Mn) and Forecast, By Vehicle Range, 2016-2027
5.2.2. Below 75 Miles
5.2.2.1. Below 75 Miles Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.3. 75-100 Miles
5.2.3.1. 75-100 Miles Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.4. Above 100 Miles
5.2.4.1. Above 100 Miles Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 6. Electric Motorcycle Market Revenue By Battery Type
6.1. Introduction
6.2. Electric Motorcycle Revenue (US$ Mn) By Battery Type
6.2.1. Electric Motorcycle Revenue (US$ Mn) and Forecast By Battery Type, 2016 - 2027
6.2.2. Li-ion
6.2.2.1. Li-ion Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.3. Lead Acid
6.2.3.1. Lead Acid Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.4. Nickel Metal Hydride
6.2.4.1. Nickel Metal Hydride Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 7. Electric Motorcycle Market By Voltage
7.1. Introduction
7.2. Electric Motorcycle Revenue (US$ Mn) By Voltage
7.2.1. Electric Motorcycle Revenue (US$ Mn) and Forecast By Voltage, 2016 - 2027
7.2.2. Below 24 Volt
7.2.2.1. Below 24 Volt Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.2.3. 24-48 Volt
7.2.3.1. 24-48 Volt Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.2.4. 48-60 Volt
7.2.4.1. 48-60 Volt Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.2.5. Above 60 Volt
7.2.5.1. Above 60 Volt Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 8. North America Electric Motorcycle Market By Country
8.1. North America Electric Motorcycle Overview
8.2. U.S.
8.2.1. U.S. Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Vehicle Range, 2016-2027
8.2.2. U.S. Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Battery Type, 2016-2027
8.2.3. U.S. Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Voltage, 2016-2027
8.3. Canada
8.3.1. Canada Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Vehicle Range, 2016-2027
8.3.2. Canada Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Battery Type, 2016-2027
8.3.3. Canada Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Voltage, 2016-2027
8.4. North America PEST Analysis
CHAPTER 9. Europe Electric Motorcycle Market By Country
9.1. Europe Electric Motorcycle Market Overview
9.2. U.K.
9.2.1. U.K. Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Vehicle Range, 2016-2027
9.2.2. U.K. Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Battery Type, 2016-2027
9.2.3. U.K. Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Voltage, 2016-2027
9.3. Germany
9.3.1. Germany Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Vehicle Range, 2016-2027
9.3.2. Germany Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Battery Type, 2016-2027
9.3.3. Germany Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Voltage, 2016-2027
9.4. France
9.4.1. France Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Vehicle Range, 2016-2027
9.4.2. France Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Battery Type, 2016-2027
9.4.3. France Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Voltage, 2016-2027
9.5. Spain
9.5.1. Spain Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Vehicle Range, 2016-2027
9.5.2. Spain Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Battery Type, 2016-2027
9.5.3. Spain Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Voltage, 2016-2027
9.6. Rest of Europe
9.6.1. Rest of Europe Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Vehicle Range, 2016-2027
9.6.2. Rest of Europe Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Battery Type, 2016-2027
9.6.3. Rest of Europe Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Voltage, 2016-2027
9.7. Europe PEST Analysis
CHAPTER 10. Asia Pacific Electric Motorcycle Market By Country
10.1. Asia Pacific Electric Motorcycle Market Overview
10.2. China
10.2.1. China Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Vehicle Range, 2016 - 2027
10.2.2. China Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Battery Type, 2016 - 2027
10.2.3. China Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Voltage, 2016 - 2027
10.3. Japan
10.3.1. Japan Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Vehicle Range, 2016 - 2027
10.3.2. Japan Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Battery Type, 2016 - 2027
10.3.3. Japan Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Voltage, 2016 - 2027
10.4. India
10.4.1. India Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Vehicle Range, 2016 - 2027
10.4.2. India Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Battery Type, 2016 - 2027
10.4.3. India Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Voltage, 2016 - 2027
10.5. Australia
10.5.1. Australia Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Vehicle Range, 2016 - 2027
10.5.2. Australia Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Battery Type, 2016 - 2027
10.5.3. Australia Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Voltage, 2016 - 2027
10.6. South Korea
10.6.1. South Korea Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Vehicle Range, 2016 - 2027
10.6.2. South Korea Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Battery Type, 2016 - 2027
10.6.3. South Korea Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Voltage, 2016 - 2027
10.7. Rest of Asia-Pacific
10.7.1. Rest of Asia-Pacific Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Vehicle Range, 2016 - 2027
10.7.2. Rest of Asia-Pacific Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Battery Type, 2016 - 2027
10.7.3. Rest of Asia-Pacific Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Voltage, 2016 - 2027
10.8. Asia Pacific PEST Analysis
CHAPTER 11. Latin America Electric Motorcycle Market By Country
11.1. Latin America Electric Motorcycle Market Overview
11.2. Brazil
11.2.1. Brazil Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Vehicle Range, 2016 - 2027
11.2.2. Brazil Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Battery Type, 2016 - 2027
11.2.3. Brazil Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Voltage, 2016 - 2027
11.3. Mexico
11.3.1. Mexico Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Vehicle Range, 2016 - 2027
11.3.2. Mexico Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Battery Type, 2016 - 2027
11.3.3. Mexico Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Voltage, 2016 - 2027
11.4. Rest of Latin America
11.4.1. Rest of Latin America Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Vehicle Range, 2016 - 2027
11.4.2. Rest of Latin America Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Battery Type, 2016 – 2027
11.4.3. Rest of Latin America Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Voltage, 2016 - 2027
CHAPTER 12. Middle East & Africa Electric Motorcycle Market By Country
12.1. Middle East & Africa Electric Motorcycle Market Overview
12.2. Saudi Arabia
12.2.1. Saudi Arabia Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Vehicle Range, 2016 - 2027
12.2.2. Saudi Arabia Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Battery Type, 2016 - 2027
12.2.3. Saudi Arabia Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Voltage, 2016 - 2027
12.3. UAE
12.3.1. UAE Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Vehicle Range, 2016 - 2027
12.3.2. UAE Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Battery Type, 2016 - 2027
12.3.3. UAE Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Voltage, 2016 - 2027
12.4. Rest of Middle East & Africa
12.4.1. Rest of Middle East & Africa Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Vehicle Range, 2016 - 2027
12.4.2. Rest of Middle East & Africa Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Battery Type, 2016 - 2027
12.4.3. Rest of Middle East & Africa Electric Motorcycle Market Revenue (US$ Mn) and Forecast By Voltage, 2016 - 2027
CHAPTER 13. PLAYER ANALYSIS OF ELECTRIC MOTORCYCLE MARKET
13.1. Electric Motorcycle Market Company Share Analysis
13.2. Competition Matrix
13.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
13.2.2. New Battery Type Launches and Battery Type Enhancements
13.2.3. Mergers And Acquisition In Global Electric Motorcycle Market
13.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 14. COMPANY PROFILE
14.1. BMW
14.1.1. Company Snapshot
14.1.2. Business Overview
14.1.3. Financial Overview
14.1.3.1. Revenue (US$ Mn), 2019
14.1.3.2. BMW 2019 Electric Motorcycle Business Regional Distribution
14.1.4. Battery Type/ Service and Specification
14.1.5. Recent Developments & Business Strategy
14.1.6. Manufacturing Plant Footprint Analysis
14.2. Harley Davidson
14.3. Amper Vehicles
14.4. Alta Motors
14.5. Energica Motor Company S.p.A
14.6. Govecs Group
14.7. Hero Eco
14.8. Honda Motors
14.9. KTM
14.10. Zero Motorcycles
14.11. Lightning Motorcycles
14.12. Mahindra GenZe
14.13. Shandong Incalcu Electric Vehicle Co. Ltd
14.14. CAKE 0 Emission AB
14.15. Z Electric Vehicle
14.16. Suzuki Motors Corporation
14.17. Others
