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The high-performance electric motorcycle market size is estimated to grow at a CAGR of 9.65% between 2022 and 2027. The market size is forecast to increase by USD 11,334.34 million. The growth of the market depends on several factors declining prices of Li-ion batteries, technological advances in high-performance electric motorcycles, and growing government support for the adoption of electric vehicles
This high-performance electric motorcycle market report extensively covers market segmentation by battery type (lithium-ion and sealed lead acid), type (street and off-road), and geography (Europe, North America, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Our researchers analyzed the data with 2022 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.
Declining prices of Li-ion batteries are the key driver notably driving the growth of the global high-performance electric motorcycle market. Batteries contribute significantly to the total cost of an electric motorcycle. High-performance electric motorcycles are equipped with lithium-ion batteries. Hence, any fluctuations in the cost of Li-ion batteries have an impact on the overall cost of high-performance electric motorcycles. The cost of lithium-ion batteries has steadily declined since 2010. Therefore, the lower cost of lithium-ion batteries will lead to lower production costs for high-performance electric bikes, which will have a positive impact on the introduction of electric bikes across all regions during the forecast period. The increasing adoption of electric vehicles is the major factor contributing to the decline in the cost of Li-ion batteries, including electric scooters and electric cars, among others. With a rise in the production scale and improvements in manufacturing efficiency, the cost of Li-ion batteries is declining. Thus, these factors will drive the global high-performance electric motorcycle market during the forecast period.
The emerging trend of all-electric motorcycle racing is the key trend notably driving the growth of the global high-performance electric motorcycle market. Globally, the rising demand for vehicles is growing the need for sustainable mobility solutions, such as electric vehicles and fuel cell vehicles, among others. The introduction of electric mobility is one of the most important initiatives that support sustainable mobility solutions. Performance bikes are ideal for long-distance travel (touring) and racing. There are several motorcycle racing events conducted worldwide every year. Motorcycle Grand Prix (Moto GP), SuperBike Racing, Super Sport Racing, and Moto Cross are among the major motorcycle racing events. To support the adoption of electric motorcycles, Moto GP launched a motorcycle race called the MotoE series in May 2019. Unlike other racing events, MotoE is highly dependent on the rider's skills rather than on technology. Thus, it is expected that there will be a rising number of such racing events in the future, which will boost the demand for high-performance electric motorcycles during the forecast period.
Limited charging infrastructure is the key challenge for the growth of the global high-performance electric motorcycle market. The lack of widely dispersed electronic charging stations presents an important challenge in the market because such motorcycles are frequently made for long distances and thrill-seeking riders. Although, the lack of a charging infrastructure limits users' ability to travel farther or discover new areas. Without easy access to a charging station, riders may be hesitant to purchase a powerful e-bike due to fear of range. In addition, to overcome this issue and promote the development of the high-performance electric motorbike market, it is essential to expand the global charging infrastructure. Thus, the lack of adequate charging infrastructure is a challenge that can impede the adoption of high-performance electric motorcycles during the forecast period.
The market research 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 report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global High-Performance Electric Motorcycle Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Harley Davidson Inc.: The company offers high-performance electric motorcycles such as the 2023 H D motorcycle.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The lithium-ion segment is estimated to witness significant growth during the forecast period. In the global high-performance electric motorcycles market, lithium-ion batteries led the battery type segment in 2022. Its high energy density, long service life, and fast charging capabilities make it an ideal power source for electric motorcycles. Owing to the growing popularity of electric motorcycles and the demand for high-performance batteries to cover the range and power requirements, the market prospects for lithium-ion batteries in the focus markets are favorable.
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The lithium-ion segment was the largest segment and was valued at USD 8,961.86 million in 2017. The Harley-Davidson LiveWire, Zero SR/F, and Energica Ego are significant examples of electric bikes that use lithium-ion batteries. These motorcycles demonstrate that lithium-ion technology has the potential to revolutionize the electric motorcycle market with thrilling performance and longer riding ranges. Hence, such factors will drive the demand for lithium-ion batteries in the market during the forecast period.
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Europe is estimated to contribute 43% 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. Western European countries, such as Germany, France, and Italy are the major countries dominating the high-performance electric motorcycle market in Europe. Most of this demand is allocated to the high level of support from the government in these countries in the form of subsidies and incentives.
Moreover, European countries are mainly focusing on reducing motorcycle emissions, which currently constitute about 1% of the total emissions in the transportation sector. The governments of various European countries also support the establishment of adequate charging stations across the region. Among the European countries, Germany and France are expected to show rapid growth in terms of sales of high-performance electric motorcycles in the future. Market players that offer high-performance electric motorcycles in European countries are focusing on designing vehicles as per their customer's suggestions and demands. In addition to the presence of European vendors, the strong presence of vendors from other regions, such as Zero Motorcycles, also supports the growth of the regional market during the forecast period.
The COVID-19 outbreak adversely affected the economies of European countries in 2020. However, the pandemic was controlled in 2021, due to the large-scale vaccination drives being conducted by the governments in the region 2021. As a result, the automotive industry reopened its operations in 2021, along with the resumption of the manufacturing operations of high-performance electric motorcycles. Due to the raised market growth in 2021-22, the growth is expected to continue and boost the growth of the regional market during the forecast period.
The high-performance electric motorcycle market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
High-Performance Electric Motorcycle Market Scope |
|
Report Coverage |
Details |
Page number |
154 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.65% |
Market growth 2023-2027 |
USD 11,334.34 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
9.0 |
Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
Performing market contribution |
Europe at 43% |
Key countries |
US, China, Japan, Germany, and France |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
ARC Vehicle Ltd, Bell Custom Cycles, Curtiss Motorcycle Co. Inc., Emflux Motors, Evoke Electric Motorcycles HK Ltd, Harley Davidson Inc., Ideanomics Inc., Johammer e mobility GmbH, Lightning Motors Corp, PIERER Mobility AG, Sarolea Manx Ltd., Savic Motorcycles Pty Ltd., Songuo Motors Co. Ltd., SUNRA, TACITA SRL, VERGE Motorcycles OU, Yadea Group Holdings Ltd, Z Electric Vehicle Corp., Zero Motorcycles Inc., and Zhejiang Luyuan Electric Vehicle Co Ltd |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Battery Type
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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