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May 28, 2023

Electric motorcycle market size to grow by USD 109.78 billion from 2022 to 2027; the increase in demand for e

NEW YORK, June 6, 2023 /PRNewswire/ -- The electric motorcycle market size is

NEW YORK, June 6, 2023 /PRNewswire/ -- The electric motorcycle market size is forecast to increase by USD 109.78 billion from 2022 to 2027, at a CAGR of 24.05%, according to the recent market study by Technavio. The growth of the market will be driven by the increase in demand for electric motorcycles, Declining prices of Li-ion battery, and Technological advances in high-performance electric motorcycles. Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download The Sample Report

Technavio has extensively analyzed 15 major vendors, including Askoll EVA S.p.A., Bayerische Motoren Werke AG, Dongguan Tailing Electric Vehicle Co. Ltd., Evoke Electric Motorcycles HK Ltd, Hangzhou Qiulong Technology Co. Ltd., Harley Davidson Inc., Horwinglobal, Ideanomics Inc., Lightning Motors Corp, One Electric, OX RIDERS ELECTRIC SL, Pierer Industrie AG, RattanIndia Enterprises Ltd., TORROT ELECTRIC EUROPA S.A., Vmoto Ltd., Volkswagen AG, Zapp Electric Vehicles Ltd., Zero Motorcycles Inc., VERGE Motorcycles OU, and Z Electric Vehicle Corp.

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Key Benefits for Industry Players & Stakeholders –

The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.

It also provides detailed analyses of the market's competitive landscape and vendors' product offerings.

The report also provides a qualitative and quantitative analysis of vendors 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.

Get a holistic overview of the electric motorcycle market by industry experts to evaluate and develop growth strategies. Download the Sample

The market is segmented by type (Sealed lead acid and Lithium-iron), technology (Removable and Non-removable), and geography (APAC, Europe, North America, Middle East and Africa, and South America).

The market share growth by the sealed lead acid segment will be significant for the overall market growth during the forecast period. This type of batteries are commonly used in electric motorcycles. Sealed lead-acid batteries are housed in a hard plastic case that prevents acid battery leakage and gives the motorcycle a high level of maneuverability without the risk of battery leakage. SLA provides a higher potential, allowing e-bikes to reach higher speeds with less current. The demand for lithium-ion batteries is growing rapidly and is expected to restrain the SLA growth during the forecast period.

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Electric Motorcycle Market - Market Dynamics

Key Drivers

The increase in demand for e-motorcycles is notably driving the e-motorcycles market growth. The increased demand for e-bikes is government incentives and subsidies. Many governments around the world offer incentives for individuals to purchase electric motorcycles to encourage clean energy adoption. In India, for example, the government introduced a program to encourage people to switch to electric vehicles through incentives and subsidies, making electric vehicles more affordable for the average citizen. The environmental benefits of e-bikes are also contributing significantly to the increased demand. In addition, e-bikes do not require oil or other petroleum-based lubricants, so they do not cause oil spills that pose a serious hazard to the environment. All these factors are driving the growth of the global electric bike market during the forecast period.

Significant Trends

The use of Internet of Things (IoT) and smart infrastructure in electric motorcycle charging stations for load management is the key trend shaping the e-motorcycle market. IoT allows real-time monitoring and collection of data from each charging station. Collected data can be analyzed to identify load patterns, peak and off-peak hours, and other trends. This information helps make optimal use of our charging station infrastructure and reduce overloads and power outages. Intelligent infrastructure with IoT sensors can be used to communicate when stations are full or low on capacity. It is designed to help e-bike owners plan when to charge their vehicles and avoid unnecessary trips to gas stations. Sensors can notify users of the availability of charging slots, saving them valuable time waiting in line. Many such factors are expected to drive the growth of the global electric motorcycle market during the forecast period.

Major Challenges

The high cost of electric motorcycles may impede the growth of the e-motorcycle market. One of the biggest challenges with these vehicles is their high cost, which limits their access for most people. Consumers are concerned about maintenance costs, as e-bikes require special skills and equipment. Electric motorcycle batteries consist of lithium-ion batteries, which are expensive to manufacture. Additionally, the complex electronics and software required to control the battery and motor system also add to the cost of manufacturing an e-bike. Such factors are expected to hamper the growth of the focus market during the forecast period.

What are the key data covered in this Electric Motorcycle Market report?

CAGR of the market during the forecast period

Detailed information on factors that will drive the growth of the Electric Motorcycle Market between 2023 and 2027

Precise estimation of the size of the Electric Motorcycle Market size and its contribution to the market in focus on the parent market

Accurate predictions about upcoming trends and changes in consumer behavior

Growth of the Electric Motorcycle Market industry across APAC, Europe, North America, Middle East and Africa, and South America

A thorough analysis of the market's competitive landscape and detailed information about vendors

Comprehensive analysis of factors that will challenge the growth of Electric Motorcycle Market vendors

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The motorcycle diagnostic scan tools market share is expected to increase to USD 311.98 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.5%. This report extensively covers motorcycle diagnostic scan tools market segmentation by type (PC-based and hand-held) and geography (APAC, Europe, North America, Middle East and Africa, and South America). One of the key factors driving growth in the motorcycle diagnostic scan tools market is the advantages associated with the use of motorcycle diagnostic scan tools.

· The high-performance electric motorcycle market share is expected to increase by 33,762 actual units from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 26.93%. Furthermore, this report extensively covers the market segmentation by type (street and off-road) and geography (Europe, North America, APAC, South America, and the Middle East and Africa). The declining prices of Li-ion batteries are one of the key factors driving the growth of the global market.

Electric Motorcycle Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 24.05%

Market growth 2023-2027

USD 109.78 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

23.5

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 34%

Key countries

US, China, India, Japan, and Germany

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Askoll EVA S.p.A., Bayerische Motoren Werke AG, Dongguan Tailing Electric Vehicle Co. Ltd., Evoke Electric Motorcycles HK Ltd, Hangzhou Qiulong Technology Co. Ltd., Harley Davidson Inc., Horwinglobal, Ideanomics Inc., Lightning Motors Corp, One Electric, OX RIDERS ELECTRIC SL, Pierer Industrie AG, RattanIndia Enterprises Ltd., TORROT ELECTRIC EUROPA S.A., Vmoto Ltd., Volkswagen AG, Zapp Electric Vehicles Ltd., Zero Motorcycles Inc., VERGE Motorcycles OU, and Z Electric Vehicle Corp.

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.

Table of content

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition

3.2 Market segment analysis

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

4 Historic Market Size

4.1 Global electric motorcycle market 2017 - 2021

4.2 Type Segment Analysis 2017 - 2021

4.3 Technology Segment Analysis 2017 - 2021

4.4 Geography Segment Analysis 2017 - 2021

4.5 Country Segment Analysis 2017 - 2021

5 Five Forces Analysis

5.1 Five forces summary

5.2 Bargaining power of buyers

5.3 Bargaining power of suppliers

5.4 Threat of new entrants

5.5 Threat of substitutes

5.6 Threat of rivalry

5.7 Market condition

6 Market Segmentation by Type

6.1 Market segments

6.2 Comparison by Type

6.3 Sealed lead acid - Market size and forecast 2022-2027

6.4 Lithium-iron - Market size and forecast 2022-2027

6.5 Market opportunity by Type

7 Market Segmentation by Technology

7.1 Market segments

7.2 Comparison by Technology

7.3 Removable - Market size and forecast 2022-2027

7.4 Non-removable - Market size and forecast 2022-2027

7.5 Market opportunity by Technology

8 Customer Landscape

8.1 Customer landscape overview

9 Geographic Landscape

9.1 Geographic segmentation

9.2 Geographic comparison

9.3 APAC - Market size and forecast 2022-2027

9.4 Europe - Market size and forecast 2022-2027

9.5 North America - Market size and forecast 2022-2027

9.6 Middle East and Africa - Market size and forecast 2022-2027

9.7 South America - Market size and forecast 2022-2027

9.8 US - Market size and forecast 2022-2027

9.9 China - Market size and forecast 2022-2027

9.10 Germany - Market size and forecast 2022-2027

9.11 India - Market size and forecast 2022-2027

9.12 Japan - Market size and forecast 2022-2027

9.13 Market opportunity by geography

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

11.3 Landscape disruption

11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered

12.2 Market positioning of vendors

12.3 Bayerische Motoren Werke AG

12.4 Dongguan Tailing Electric Vehicle Co. Ltd.

12.5 Hangzhou Qiulong Technology Co. Ltd.

12.6 Harley Davidson Inc.

12.7 Ideanomics Inc.

12.8 Lightning Motors Corp

12.9 One Electric

12.10 Pierer Industrie AG

12.11 RattanIndia Enterprises Ltd.

12.12 TORROT ELECTRIC EUROPA S.A.

12.13 VERGE Motorcycles OU

12.14 Vmoto Ltd.

12.15 Z Electric Vehicle Corp.

12.16 Zapp Electric Vehicles Ltd.

12.17 Zero Motorcycles Inc.

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

13.3 Currency conversion rates for US$

13.4 Research methodology

13.5 List of abbreviations

About UsTechnavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]: www.technavio.com

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