Electric Motorcycle Market Size, Share, Growth, and Industry Analysis, By Type (3hp≤ Output Power <6hp, 6hp≤ Output Power <12hp, 12hp≤ Output Power <20hp, 20hp≤ Output Power <45hp, and, 45hp≤ Output Power), By Application (street market, and, off-road market), and Regional Insights and Forecast to 2033

• 

   Request a Free Sample To Get More Information on this Market

ELECTRIC MOTORCYCLE MARKET OVERVIEW

The global electric motorcycle market was valued at USD 0.58 billion in 2024 and is expected to grow to USD 0.64 billion in 2025, reaching USD 1.13 billion by 2033, with a projected CAGR of 9.8% during the forecast period 2025-2033.

Electric motorcycles are rechargeable battery operated two-wheelers with environmentally friendly advantages over their fuel operated counterparts. They emit no pollutants to the environment, meaning that fumes from vehicles will be minimized to check on pollution and carbon implant. As electric motorcycles are equipped with modern technology, they provide an instant torque rate those results in smooth acceleration & nail- biting quietness. They frequent include regenerative braking to make an improvement on the efficiency as they are in a position to recover energy. Ever before, initial costs might be relatively high but the costs of fuel and maintenance in the long run make them relatively cheap. Electric bikes have quite an expressive growth in terms of charging points and designs providing green mobility.

COVID-19 IMPACT

"Supply Chain Interruption and Product Manufacture Stoppage during COVID-19 Pandemic Decreased Market Growth"

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

Electrical-based two-wheelers too felt the impact of COVID-19 pandemic as they being a part of the global market of electric motorcycles. Some negative effects on growth include: supply chain interruption and product manufacture stoppage which for some time brought progress to a standstill. But then people started developing awareness for their environment and shifted from public to personal transport thus people moved towards fully electric two-wheelers. Attempting to moderate the impact and spread of the virus, governments around the globe upped green mobility incentives and market attention. The markets for e-commerce and delivery services also grew and in turn accelerated the use of electric motorcycles for last mile delivery. Though, there were problems such as decreased customer demand at the beginning, the pandemic proved the value of eco-friendly transportation, promoting further development of the electric motorcycle market.

LATEST TREND

"Slimmer Styling and Better Batteries to Drive Market Growth"

A number of trends characterize the electric motorcycle industry in 2024 as companies continuously introduce innovations and focus on environment friendly products. Slimmer styling and better batteries are making electric motorcycles more attractive, giving better mileages and a faster charge. Some bike manufacturers such as Zero Motorcycles are aiming at revolving around costs, such as strategies of bringing bikes that cost less than $ 10,000. Manufacturers are also diversifying, expanding into Sections of the LiveWire maxi-scooter and Honda‘s Fun EV concept which works perfectly as an off-road or a commuter scooter. This market is precisely being driven by such partnerships such as Hero Moto-Corp with Zero where the focus is to extend the availability of electric bikes across the middleweight category.

ELECTRIC MOTORCYCLE MARKET SEGMENTATION

By Type

Based on Type, the global market can be categorized into 3hp≤ Output Power <6hp 6hp≤ Output Power <12hp, 12hp≤ Output Power <20hp, 20hp≤ Output Power <45hp, and, 45hp≤ Output Power

• 3hp ≤ Output Power < 6hp: It targets commuters using Electric motorbikes with light load in short distance covered power house or time conscious nature.

• 6hp ≤ Output Power < 12hp: Suitable for 125-400cc bikes and scooters used actively in the urban area providing adequate performance.

• 12hp ≤ Output Power < 20hp: Exhibits moderate power which is ideal for both urban commotion and brief highway travel.

• 20hp ≤ Output Power < 45hp: High-performance models for the audience of passionate drivers who wish to have vehicles with intercity dynamics.

• 45hp ≤ Output Power: These high-end electric motorcycles in this price range offer incredible speed, longer range, and the latest technology for professional riders.

By Application

Based on application, the global market can be categorized intostreet market, and, off-road market

• Street Market: Concentrates on electric motorcycles primarily for city use with stylish looks, excellent output and built to meet daily city use requirements.

• Off-Road Market: Specifically, aims at rugged electric motorcycle that can possess better durability, traction and power to manage adventure paths and rough terrains.

MARKET DYNAMICS

Driving Factors

"Increased Environmental Concerns and the Implementation of Government Policies to Boost the Market"

This market is influenced by increased environmental concerns and the implementation of government policies that require electric energy utilization. Subsidies, tax benefits and incentives for electric vehicles have also contributed to adoption of green consumers through moving from the use of traditional internal combustion engines to an adoption of EVs. Increased fuel costs put pressure on increasing the demand for electric motorcycles as a means of daily transport. The technology progresses linked to battery power, improved ranges and charging facility only add on to the enhancement of the adoption ratios of the EVs and thereby address the modern rider’s requirements. All of these factors are driving the electric motorcycle market growth.

"Aging Population, and, Rising Levels of Income to Expand the Market"

Aging population, rising levels of income and concerns over air pollution and traffic congestion which have led to high demand for personal transport equipment are some of the factors that foster the growth of this market. Electric motorcycles provide these needs with; low emission, noise, and reduced cost of maintenance. The market is also expanding with the ever-growing e-commerce and delivery services industries which opt for electric two-wheelers for last-mile delivery. The growth in the lower cost electric models and the availability of improved performance features guarantees increased acceptance among a larger population of consumers.

Restraining Factor

"Higher Price of Electric Motorcycles Than Conventional Models Impede Market Growth"

One of the most significant barriers that slow down electric motorcycle market growth is a considerably higher price than conventional models, making it challenging for low-budget consumers. However, the absence of a coherent charging network in many areas is still a drawback, especially in the countryside. A major drawback of most electric cars is range anxiety, the fear of being left stranded mid trip due to a low battery. However, as the technology advances, customers are concerned with issues such as battery backup, and its performance after a short period of time. The above factors are bringing down the electric motorcycle market share.

Opportunity

"Improvement in Battery Technology, And, Availability of Charging Infrastructure to Create Opportunity in the Market"

The global market for electric motorcycles also remains untapped because of the growing use of environmentally friendly solutions in transportation. Given that governments from around the world continue to encourage and incentive the use of electric vehicles, there is increasing demand for environmentally sustainable goods. Improvement in battery technology, availability of charging infrastructure, and electric motor cycling’s cost take it to a new horizon of demand for manufacturers. A shift towards last-mile delivery services and a growing penchant for private transportation within metropolitan areas also help push the demand forwards making this a ripe market for further developments.

Challenge

"High Cost of Installation and Inadequate Charging Stations to Be a Potential Challenge for Consumers"

The electric motorcycle market also has many constrains; one of them being the high prices of the electric models compared to the traditional motorcycles, which acts as a repellent to the potential buyers. High cost of installation and inadequate charging stations including in remote areas also poses a major challenge. Secondly, electric motorcycles’ lower price range compared to gasoline-powered ones compound by the perception of battery degradation creates some uncertainty among customers. These challenges have to be solved by cutting costs, improving batteries and charging infrastructure to support market development.

• 

   Request a Free Sample To Get Analysis on Major Geographic Market

ELECTRIC MOTORCYCLE MARKET REGIONAL INSIGHTS

• North America

North America’s market is quickly growing due to the increased stringency of environmental laws and increasing EV demand in the U.S. and Canada. Higher charging infrastructure and promotion of EV are helping the market to grow.

• Europe

The demand in Europe is expected to grow at a high rate following government incentives, polices in the reduction of carbon emissions, together with investments in the EV market. Germany and United Kingdom in particular are experiencing high market growth.

• Asia-Pacific

Currently, China and India collectively dominate the electric motorcycle market for this continent that is given the largest market share globally. Some micro-factors include fast-growing trends of urbanization, relatively high pollution, and increasing number of EV manufacturers. Specifically, the Chinese authorities’ effort to fund infrastructure for electric vehicles has led to the popularization of the use of electric motorcycles.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

Key industry players are shaping the marketplace through strategic innovation and market expansion. These companies are introducing advanced techniques and processes to improve the quality and performance of their offerings. They are also expanding their product lines to include specialized variations, catering to diverse customer preferences. Additionally, they are leveraging digital platforms to increase market reach and enhance distribution efficiency. By investing in research and development, optimizing supply chain operations, and exploring new regional markets, these players are driving growth and setting trends within the market.

List of TopElectric MotorcycleCompanies

• Energica (Italy)
• Zero Motorcycles (U.S.)
• Brutus (Germany)
• Gogoro (Taiwan)
• BMW Motorrad (Germany)
• Hero (India)
• Terra Motor (Japan)
• Govecs (Germany)
• KLB Komaki (India)

KEY INDUSTRY DEVELOPMENT

February 2024: The turn of the year 2024 is a coming of significant changes to the electric motorcycle market through innovation and model release. Some of the many electric vehicle concepts that were introduced at EICMA 2024 include ‘Honda’s “EV Fun Concept” and Honda “EV Urban Concept.” The Honda EV Fun Concept is the first electric sports model from Honda to be rolled out by 2025 and Honda EV Urban Concept demonstrates the future of urban electric vehicles with sophisticated software and hardware control. Each model embodies Honda’s larger plan to electric motorcycles out its portfolio by the year 2030.

REPORT COVERAGE

SWOT analysis is presented in this work at a high level, and helpful recommendations regarding further evolvement of the market are considered. This paper takes an opportunity to review and discuss the market segments and possible applications that have the potential to influence the market growth in the future years. The work uses both, the data regarding the modern state of the market and the information on its evolution to identify the possible development trends.

The market with better portability is expected to gain high growth rates due to better consumer adoption trends, increasing application areas, and more innovative product developments. Yet, there might be some problems like, for instance, the shortage of raw materials or higher prices for them however, the growing popularity of specialized offerings and tendencies towards enhancing quality foster the growth of the market. All of them are progressing through technology and innovative strategies in developments as well as in supply chain and market.