Global Electric Motorcycle Market

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 News

  • 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.
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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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Global Electric Motorcycle Market

Report ID: SQMIG25D2006

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