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 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.

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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

$3,500
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