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The electric motorcycle market size is forecast to increase by USD 317.1 billion, at a CAGR of 36.1% between 2024 and 2029.
Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, driven by advancements in technology and shifting consumer preferences. Home charging units and power electronics play a crucial role in the seamless integration of electric motorcycles into daily life. The supply chain, from raw materials to finished products, undergoes constant adjustments to meet the demands of this dynamic market. Public charging networks and charging infrastructure are expanding, providing more options for riders to recharge on the go. Retail channels, including both brick-and-mortar stores and online platforms, adapt to meet the unique needs of electric motorcycle buyers. Electric bikes, with their varying motor powers and energy efficiencies, cater to diverse consumer segments.
Battery packs, with their advancements in cell chemistry and energy density, enable longer ranges and faster charging times. Motor components, such as motor controllers and cooling systems, ensure optimal performance and safety. Fleet management and ride-sharing services leverage electric motorcycles for their environmental impact and cost-effectiveness. Performance metrics, including top speed, range anxiety, and fuel efficiency equivalents, continue to be key considerations for consumers. Government incentives, tax credits, and safety standards further influence the market's direction. Motorcycle manufacturers and technology companies collaborate to develop smart features, such as GPS navigation, regenerative braking, and app integration, enhancing the user experience. Battery technology, thermal management, and battery swapping are ongoing areas of research and development, addressing concerns related to charging infrastructure and range anxiety.
Aftermarket parts, wireless charging, and lithium-ion batteries offer opportunities for customization and innovation. The market's continuous evolution reflects its potential to transform the transportation landscape, offering a more sustainable, efficient, and connected alternative to traditional motorcycles.
The electric motorcycle industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
The sealed lead acid segment is estimated to witness significant growth during the forecast period.
Electric motorcycles are experiencing significant advancements, with security systems and user-friendly interfaces becoming standard features. Smart motorcycles integrate GPS navigation, fast charging, and app integration for enhanced user experience. The electric motor, motor controller, and power electronics are key components, with motor power ranging from motorcycles to electric scooters. Maintenance services and warranty programs ensure reliability, while performance metrics such as top speed, motor power, and fuel efficiency (equivalent) attract consumers. Government incentives and tax credits promote the adoption of electric motorcycles, addressing concerns over carbon footprint. Lithium-ion batteries, known for their energy efficiency and long-lasting performance, are increasingly preferred.
However, challenges such as range anxiety and the need for charging infrastructure persist. Manufacturers focus on safety standards, thermal management, and battery swapping to mitigate concerns. Fleet management and ride-sharing services are emerging trends, with motorcycle components and aftermarket parts catering to the growing market. The supply chain and distribution networks are evolving to meet demand, with home charging units and public charging networks expanding. Regenerative braking and cooling systems contribute to the overall efficiency of electric motorcycles, while battery technology continues to advance. Despite the rising popularity of lithium-ion batteries, sealed lead acid (SLA) batteries remain in use due to their affordability and high electric potential.
However, the demand for lithium-ion batteries is increasing rapidly, potentially impacting the market dynamics of SLA batteries.
The Sealed lead acid segment was valued at USD 16.50 billion in 2019 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 33% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market in the Asia Pacific region is experiencing significant growth, driven by increasing demand for two-wheeler transportation and government initiatives to promote electric vehicles (EVs) and reduce air pollution. China, India, and Japan are leading the charge in this market, with China holding the largest market share due to its massive population and robust government support for EVs. In 2022, over 1.28 million electric motorcycle units were sold in China. India is also making strides towards electrification, aiming for 100% electric vehicle sales by 2030. Smart features, user interface, and security systems are becoming increasingly important in the market.
Motor power, top speed, and fuel efficiency (equivalent) are key performance metrics. Fast charging, home charging units, and public charging networks are essential infrastructure elements. Motor controllers, power electronics, and battery technology play crucial roles in motorcycle components. Electric scooters and mopeds are also gaining popularity in the market. Battery swapping, app integration, and wireless charging are emerging trends. Regenerative braking and energy efficiency are essential considerations for reducing the carbon footprint. Government incentives, such as tax credits and subsidies, are driving adoption. Safety standards, theft prevention, and cooling systems are essential for user experience and motorcycle performance.
Warranty programs and thermal management systems help mitigate potential risks. Fleet management and ride-sharing services are transforming the industry. Lithium-ion batteries are the dominant cell chemistry in the market, with ac induction motors gaining traction. Range anxiety remains a concern, but distribution networks and aftermarket parts are addressing this issue. Supply chain challenges and the need for charging infrastructure continue to be key concerns. Overall, the market in the Asia Pacific region is evolving rapidly, driven by increasing demand, government initiatives, and technological advancements.
Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The market is experiencing rapid growth, driven by advancements in battery technology and increasing environmental consciousness. Electric motorcycles offer several advantages, including zero-emission operation, quiet operation, and reduced maintenance costs. Manufacturers are investing heavily in research and development, producing innovative models with longer ranges, faster charging times, and improved performance. Consumers are responding positively, with demand for electric motorcycles increasing in urban areas and among environmentally-conscious riders. Features such as regenerative braking, smart charging, and connectivity are also gaining popularity. The market is expected to continue growing, with analysts predicting significant expansion in the coming years. Electric motorcycles are poised to disrupt the traditional motorcycle industry, offering a sustainable and technologically advanced alternative for riders.
The electric motorcycle market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the electric motorcycle market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, electric motorcycle market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Askoll EVA S.p.A. - This company specializes in the distribution of advanced electric motorcycles, including the BMW Motorrad Definition CE 04 model. Our product offerings prioritize innovation and sustainability, enhancing our clients' mobility experience. By focusing on cutting-edge technology and design, we aim to elevate the market and cater to the growing demand for eco-friendly transportation solutions. Our commitment to excellence and customer satisfaction sets us apart in the industry.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Electric Motorcycle Market insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
188 |
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Base year |
2024 |
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Historic period |
2019-2023 |
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Forecast period |
2025-2029 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 36.1% |
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Market growth 2025-2029 |
USD 317.1 billion |
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Market structure |
Fragmented |
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YoY growth 2024-2025(%) |
26.7 |
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Key countries |
US, China, Germany, India, France, UAE, Japan, UK, Canada, and Brazil |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Type
9 Market Segmentation by Technology
10 Market Segmentation by Drive Type
11 Market Segmentation by End-User
12 Customer Landscape
13 Geographic Landscape
14 Drivers, Challenges, and Opportunity/Restraints
15 Competitive Landscape
16 Competitive Analysis
17 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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