According to the research reports by MRFR, Electric Motorcycles Market Research Report: Information by Battery Type, Vehicle Range, Voltage, and Region – Forecast till 2030, the market is expected to cross the size of USD 58.37 Billion by the end of 2027. The reports further predict the market to thrive at a robust CAGR of approximately 12% during the assessment era.
Electric Motorcycles Market Overview:
Electric motorcycles refer to two-wheeled motorcycles generating their power from a motor by utilizing electricity in the form of transportation fuel. The developments such as reduced motor weight, better acceleration, compact size, high-speed handling efficiency, etc., have made these motorcycles manage higher speeds in all areas. The benefits of utilizing these electric motorcycles are that they tolerate strong winds against the course. They also have more excellent cargo storage available, which offers them an edge over electric mopeds, electric bikes, electric bicycles, and electric scooters.
Report Coverage
Metrics |
Details |
Market Size till 2027 |
2027: USD 58.37 Billion |
CAGR |
12% CAGR (2020-2027) |
Base Year |
2019 |
Forecast Period |
2022-2030 |
Key Market Drivers |
Increasing interests in manufacturing in infrastructure involving vehicle charging Decline in the costs of battery manufacturing, preservation, and spread. |
Request for free Sample Pages – https://www.marketresearchfuture.com/sample_request/8136
Governments of several nations across the globe are concentrating more on the adaption of green vehicles to restrict the spread of air pollution furthermore. The launch of EV charging infrastructure and the building of battery management systems has expanded the electric motorcycle market size by a more excellent value. Interior Permanent Magnet (IPM) motors boost electric motorcycle performance by enhancing power and efficiency.
Electric Motorcycles Market USP Covered
Market Drivers
The global market of electric motorcycles has recorded enormous growth in recent times, credited to the aspects such as increasing interest in manufacturing in infrastructure, a fall in the costs of battery manufacturing, high mechanical efficiency, and a rising number of government initiatives.
Market Restraints
On the other hand, the shortage of charging infrastructure may restrict the market’s growth.
COVID-19 Impact of Electric Motorcycles Market
The global health crisis in the form of the COVID-19 pandemic has had a massive impact on the majority of the industry sectors across the globe. The worldwide economy has been put off seeing the spread of a global pandemic in almost 225 countries. In order to curb the spread of the disease, several governments across the globe announced partial or complete lockdowns. Given the travel restrictions and social distancing norms imposed, the supply chain networks of the majority of the market areas faced significant disruption. Just like all the other market sectors, the global market for electric motorcycles also witnessed some unexpected challenges. The market faced a significant decline in demand at the begging of the pandemic. The sales of these motorcycles dropped exponentially, leading to significant losses in revenues in recent times. The industries must lower the operational costs and avoid risks to optimize the profits to get through the downfall as per the present market situation. With the workforce of the automotive sector at home, factories had to close, which led to affecting the automotive sector to a dangerous pitfall because of the spread of the pandemic. With the deterioration in the vehicle’s manufacturing, there is a setback in launching products and their distribution. Realizing the new lockdown rules, where industries have revived with limited staffing, the rebound of the automotive sector is anticipated. It might bow come to the failures of these motorcycles’ manufacturing sector, therefore boosting the production and sales of the electric motorcycles market.
Ask To Expert – https://www.marketresearchfuture.com/ask_for_schedule_call/8136
Electric Motorcycles Market Segment Analysis
Among all types, the e-motorcycle segment is anticipated to register the highest growth across the global market for electric motorcycles over the assessment timeframe. Previously, producers concentrated on building e-scooters/mopeds as they have an ideal design to integrate the electric propulsion system. On the other hand, e-scooters/mopeds have performance and range constraints; also, they cater to the local intent of short-distance commuting only. With e-motorcycles, the users may cater to various motives such as commuting, off-roading, racing, and cruising which would raise their demand in the future.
Among all the vehicle ranges, the 75-100 miles segment is anticipated to dominate the global market for electric motorcycles over the review timeframe.
Based on battery type, the li-ion segment is projected to lead the global market over the coming years.
Electric Motorcycles Market Regional Analysis
The global market for electric motorcycles is analyzed across five major regions: the Middle East & Africa, Latin America, Europe, Asia-Pacific, and North America.
According to the research reports by MRFR, the Asia-Pacific region is anticipated to dominate the global market for electric motorcycles over the review timeframe. The growth of the regional market is credited to the factors like increasing air pollution, the growing number of government initiatives, rising environmental crisis, increasing population, increase in traffic congestion, and decreasing prices of automotive vehicles.
The electric motorcycles market for North America and the European region is anticipated to record substantial growth over the assessment timeframe. The market’s growth is attributed to fast-charging stations and advancements in electric motorcycles.
Avail an Amazing Discount – https://www.marketresearchfuture.com/check-discount/8136
Competitive Analysis
The list of leading players across the global market for electric motorcycles includes companies such as:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and about what action to take based on these aspects.