Electric Motorcycle Market Size, Share, Growth Analysis, By Motorcycle Type, By Motor Type, By Horsepower, By Battery Type, By Charging Power, By End Use, By Region - Industry Forecast 2025-2032


Report ID: SQMIG25D2006 | Region: Global | Published Date: December, 2024
Pages: 223 |Tables: 59 |Figures: 75

Electric Motorcycle Market Insights

Electric Motorcycle Market size was valued at USD 0 Billion in 2023 and is poised to grow from USD 0 Billion in 2024 to USD 0 Billion by 2032, growing at a CAGR of 19.1% during the forecast period (2025-2032).

The increasing concern over greenhouse gas emissions has led to a consensus on the need for environmentally friendly transportation solutions, driving the expansion of the electric motorcycle industry. Governments in regions such as Asia Pacific, North America, and Europe have implemented favorable tax and purchasing incentives, further fueling market growth. Additionally, the advancement of battery technology and the integration of electric motorcycles into delivery fleets and mobility services present additional opportunities for market adoption. Despite these positive factors, there are challenges that the electric motorcycle market must overcome. These include the underdeveloped charging infrastructure, range anxiety among potential customers, and the high cost of electric vehicles. However, the commercial sector, particularly in logistics and food delivery, is emerging as a promising avenue for the electric motorcycle industry. For example, in Latin America and Africa, food delivery platforms have partnered with electric mobility startups to incorporate electric motorcycles into their operations. This trend is exemplified by iFood, a Brazilian food delivery platform, which collaborated with Voltz Motor to develop the EVS Motor iFood electric motorcycle. The motorcycle offers significant cost savings and covers a distance of 100 to 180 kilometers with two battery packs. The Asia Pacific region is expected to experience the highest growth rate in the electric motorcycle market. This growth can be attributed to government initiatives promoting electric mobility, rising fuel costs, and the adoption of electric motorcycles by e-commerce and food delivery platforms. Furthermore, the increasing disposable income in densely populated countries such as Indonesia, India, China, and Vietnam is likely to further boost the demand for electric motorcycles in this region.

Key players in the electric motorcycle industry are actively introducing new models with enhanced features such as increased battery capacity, advanced displays, Bluetooth connectivity, and connected vehicle technology. These companies aim to encourage the adoption and sales of electric motorcycles, contributing to the overall market growth. To strengthen their market presence and expand their product portfolios, major industry players are adopting organic and inorganic growth strategies, including the launch of new products, mergers, acquisitions, and partnerships. For instance, Pure EV, an Indian electric two-wheeler OEM, recently unveiled its eco Dryft electric motorcycle, equipped with a 3.0 kWh battery, smart battery management system, Bluetooth connectivity, and a digital instrument cluster. The motorcycle offers a range of 130 km and a top speed of 75 mph, manufactured at the company's Hyderabad-based facility.

US Electric Motorcycle Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2025-2032

Global Market Size

USD 30.11 billion

Largest Segment

E-scooters

Fastest Growth

E-scooters

Growth Rate

19.0% CAGR

Global Electric Motorcycle Market ($ Bn)
Country Share for Asia Pacific Region (%)

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Electric Motorcycle Market Segmental Analysis

Global Electric Motorcycle Market is segmented by motorcycle type, motor type, horsepower, battery type, charging power, end use and region. Based on motorcycle, the market is segmented into street, sport and off-road. Based on motor type, the market is segmented into hub motor and mid-drive motor. Based on horsepower, the market is segmented into below 25 kw, 25 kw to 50 kw, 51 kw to 75 kw, 76 kw to 100 kw and above 100 kw. Based on battery type, the market is segmented into lithium-ion, lead acid and others. Based on charging power, the market is segmented into below 10 kw, 10 kw to 20 kw and above 20 kw. Based on end use, the market is segmented into personal and commercial. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.  

Electric Motorcycle Market Analysis by Type

By type, the market can be segmented into E-scooters, E-motorcycles. E-scooters have gained immense popularity in recent years, particularly in urban areas, due to their compact size, ease of use, and affordability. They are primarily designed for short-distance commuting and provide a convenient and eco-friendly alternative to traditional modes of transportation. E-scooters offer a convenient solution for navigating congested urban environments, where parking space is limited, and traffic congestion is a common issue. Their compact design allows riders to maneuver through traffic, making them a preferred choice for short commutes and last-mile transportation.

While e-motorcycles are experiencing rapid growth and are considered the fastest-growing segment. E-motorcycles offer higher power and performance compared to e-scooters, attracting motorcycle enthusiasts and riders looking for a thrilling experience. The advancement in battery technology has also led to improved range capabilities, addressing the concern of limited travel distance associated with early electric motorcycles.

Electric Motorcycle Market Analysis by Battery

By battery, the market can be segmented into Lithium-ion (Li-ion), and Lead-acid. Lithium-ion batteries have become the dominant choice for electric motorcycles due to their superior performance, higher energy density, longer lifespan, and lighter weight compared to lead-acid batteries. Lithium-ion batteries offer a higher energy density, allowing electric motorcycles to achieve longer ranges and provide more power compared to lead-acid batteries. This makes them suitable for various types of electric motorcycles, including those designed for urban commuting and high-performance applications.

While lead-acid batteries are experiencing rapid growth and are considered the fastest-growing segment. Lead-acid batteries are generally more affordable compared to lithium-ion batteries. This lower cost makes electric motorcycles equipped with lead-acid batteries more accessible to price-sensitive consumers and markets where affordability is a key consideration. Lead-acid batteries have been in use for a long time and are a well-established technology. Manufacturers and consumers in certain regions may have familiarity and confidence in lead-acid batteries, leading to their continued adoption.

Global Electric Motorcycle Market By Type

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Electric Motorcycle Market Regional Insights

Asia Pacific dominated the global electric motorcycle market. The Asia Pacific region has witnessed significant growth in the adoption of electric motorcycles due to several factors. One of the key drivers is the proactive government initiatives aimed at promoting electric mobility. Governments in countries like China, India, and Japan have implemented various incentives, subsidies, and tax benefits to encourage the use of electric vehicles, including motorcycles. These measures have created a favorable environment for the electric motorcycle market to thrive.

The fastest-growing region in the global electric motorcycle market is Latin America. The region is experiencing a rapid increase in the adoption of electric motorcycles, driven by various factors. Latin America has a growing awareness of environmental issues and a strong emphasis on sustainability. Governments in countries like Brazil, Mexico, and Colombia have introduced incentives and subsidies to promote electric mobility, including electric motorcycles. These measures have encouraged consumers and businesses to embrace electric motorcycles as a greener transportation alternative.

Global Electric Motorcycle Market By Region
  • Largest
  • Fastest

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Electric Motorcycle Market Dynamics

Electric Motorcycle Market Drivers

Increasing awareness and concern regarding environmental sustainability

  • One significant driver for the global electric motorcycle market is the increasing awareness and concern regarding environmental sustainability. With a growing consensus on the impact of greenhouse gas emissions and air pollution, there is a rising demand for cleaner and greener transportation options. Electric motorcycles offer a sustainable alternative to traditional gasoline-powered bikes, emitting zero or significantly reduced emissions. This environmental consciousness among consumers, coupled with supportive government policies and incentives, is driving the adoption and growth of electric motorcycles worldwide.

Electric Motorcycle Market Restraints

Underdeveloped charging infrastructure

  • One major restraint facing the global electric motorcycle market is the underdeveloped charging infrastructure. The availability of convenient and widespread charging stations is crucial for the widespread adoption of electric motorcycles. Limited charging infrastructure creates range anxiety among potential customers, as they may be concerned about running out of battery power during their journeys. Without a well-established network of charging stations, the practicality and convenience of electric motorcycles may be hindered, posing a challenge for market growth. Addressing this issue by expanding the charging infrastructure is essential to overcome this restraint.

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Electric Motorcycle Market Competitive Landscape

The global electric motorcycle market is characterized by intense rivalry among industry players. Companies are striving to gain a competitive edge by introducing innovative and technologically advanced electric motorcycle models. They focus on enhancing features such as battery capacity, connectivity options, and display systems to attract customers. Additionally, players are actively engaging in strategic partnerships, mergers, and acquisitions to expand their market presence and diversify their product portfolios. This competitive environment fosters continuous innovation and drives the overall growth and development of the electric motorcycle market.

Electric Motorcycle Market Top Player’s Company Profiles

  • Zero Motorcycles 
  • Harley-Davidson, Inc. 
  • Lightning Motorcycles 
  • Alta Motors 
  • LITO Motorcycles 
  • Essence Motorcycles 
  • TACITA SRL 
  • Yadea Group Holdings Ltd. 
  • Gogoro Inc. 
  • NIU Technologies 
  • BMW Motorrad 
  • KTM AG 
  • Honda Motor Co., Ltd. 
  • Yamaha Motor Co., Ltd. 
  • Suzuki Motor Corporation 
  • Kawasaki Heavy Industries, Ltd. 
  • Hero Electric 
  • Ather Energy 

Electric Motorcycle Market Recent Developments

  • In June 2023, Revolt Motors announced its plans to launch a new electric motorcycle model with a higher range and advanced features, further expanding its product lineup.
  • In May 2023, Lightning Motorcycles announced a strategic partnership with LG Chem to develop advanced lithium-ion battery technology for electric motorcycles, focusing on improving energy density and charging capabilities.
  • In April 2023, Harley-Davidson unveiled its first electric motorcycle, the LiveWire, in Europe, expanding its presence in the electric two-wheeler market.
  • In February 2023, Zero Motorcycles announced the launch of its new electric motorcycle models, the Zero SR/S GT and Zero SR/F GT, offering enhanced performance and extended range compared to previous models.
  • In January 2023, Indian electric two-wheeler startup Ather Energy raised $75 million in funding led by Tiger Global to fuel its expansion plans and strengthen its product portfolio, including electric motorcycles.

Electric Motorcycle Key Market Trends

  • One key market trend in the global electric motorcycle industry is the integration of advanced technology features. Manufacturers are incorporating features such as connected vehicle technology, Bluetooth connectivity, advanced displays, and smart battery management systems into their electric motorcycle models. These technological advancements enhance user experience, provide real-time data monitoring, and improve overall performance and efficiency. Additionally, the integration of these features aligns electric motorcycles with the growing demand for connected and smart mobility solutions, catering to the evolving preferences of consumers seeking a seamless and technologically advanced riding experience.

Electric Motorcycle Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our global electric motorcycle market analysis, the market is experiencing significant growth and is expected to continue expanding in the coming years. The increasing awareness of environmental concerns and the need for sustainable transportation solutions are driving the adoption of electric motorcycles. Governments around the world are implementing favorable policies and incentives to support this transition. However, challenges such as the underdeveloped charging infrastructure and range anxiety among consumers need to be addressed for further market growth. The Asia Pacific region is emerging as a dominant player, fueled by government initiatives, rising disposable income, and the uptake of electric motorcycles by e-commerce and food delivery platforms. The market is characterized by intense competition, with companies focusing on innovation and strategic partnerships to gain a competitive advantage.

Report Metric Details
Market size value in 2023 USD 0 Billion
Market size value in 2032 USD 0 Billion
Growth Rate 19.1%
Base year 2024
Forecast period 2025-2032
Forecast Unit (Value) USD Billion
Segments covered
  • Motorcycle Type
    • Street, Sport, Off-road
  • Motor Type
    • Hub Motor, Mid-Drive Motor
  • Horsepower
    • Below 25 kW, 25 kW to 50 kW, 51 kW to 75 kW, 76 kW to 100 kW, Above 100 kW
  • Battery Type
    • Lithium-ion, Lead Acid, Others
  • Charging Power
    • Below 10 kW, 10 kW to 20 kW, Above 20 kW
  • End Use
    • Personal, Commercial
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Zero Motorcycles 
  • Harley-Davidson, Inc. 
  • Lightning Motorcycles 
  • Alta Motors 
  • LITO Motorcycles 
  • Essence Motorcycles 
  • TACITA SRL 
  • Yadea Group Holdings Ltd. 
  • Gogoro Inc. 
  • NIU Technologies 
  • BMW Motorrad 
  • KTM AG 
  • Honda Motor Co., Ltd. 
  • Yamaha Motor Co., Ltd. 
  • Suzuki Motor Corporation 
  • Kawasaki Heavy Industries, Ltd. 
  • Hero Electric 
  • Ather Energy 
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Electric Motorcycle Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Electric Motorcycle Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Electric Motorcycle Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Electric Motorcycle Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Electric Motorcycle Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Electric Motorcycle Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

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FAQs

Electric Motorcycle Market size was valued at USD 0 Billion in 2023 and is poised to grow from USD 0 Billion in 2024 to USD 0 Billion by 2032, growing at a CAGR of 19.1% during the forecast period (2025-2032).

The global electric motorcycle market is characterized by intense rivalry among industry players. Companies are striving to gain a competitive edge by introducing innovative and technologically advanced electric motorcycle models. They focus on enhancing features such as battery capacity, connectivity options, and display systems to attract customers. Additionally, players are actively engaging in strategic partnerships, mergers, and acquisitions to expand their market presence and diversify their product portfolios. This competitive environment fosters continuous innovation and drives the overall growth and development of the electric motorcycle market. 'Zero Motorcycles ', 'Harley-Davidson, Inc. ', 'Lightning Motorcycles ', 'Alta Motors ', 'LITO Motorcycles ', 'Essence Motorcycles ', 'TACITA SRL ', 'Yadea Group Holdings Ltd. ', 'Gogoro Inc. ', 'NIU Technologies ', 'BMW Motorrad ', 'KTM AG ', 'Honda Motor Co., Ltd. ', 'Yamaha Motor Co., Ltd. ', 'Suzuki Motor Corporation ', 'Kawasaki Heavy Industries, Ltd. ', 'Hero Electric ', 'Ather Energy '

One significant driver for the global electric motorcycle market is the increasing awareness and concern regarding environmental sustainability. With a growing consensus on the impact of greenhouse gas emissions and air pollution, there is a rising demand for cleaner and greener transportation options. Electric motorcycles offer a sustainable alternative to traditional gasoline-powered bikes, emitting zero or significantly reduced emissions. This environmental consciousness among consumers, coupled with supportive government policies and incentives, is driving the adoption and growth of electric motorcycles worldwide.

One key market trend in the global electric motorcycle industry is the integration of advanced technology features. Manufacturers are incorporating features such as connected vehicle technology, Bluetooth connectivity, advanced displays, and smart battery management systems into their electric motorcycle models. These technological advancements enhance user experience, provide real-time data monitoring, and improve overall performance and efficiency. Additionally, the integration of these features aligns electric motorcycles with the growing demand for connected and smart mobility solutions, catering to the evolving preferences of consumers seeking a seamless and technologically advanced riding experience.

Asia Pacific dominated the global electric motorcycle market. The Asia Pacific region has witnessed significant growth in the adoption of electric motorcycles due to several factors. One of the key drivers is the proactive government initiatives aimed at promoting electric mobility. Governments in countries like China, India, and Japan have implemented various incentives, subsidies, and tax benefits to encourage the use of electric vehicles, including motorcycles. These measures have created a favorable environment for the electric motorcycle market to thrive.

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