Electric Motorcycle Market Size, Share & Trends Analysis Report By Drive Type (Belt Drive, Chain Drive, Hub Motor), By End-use (Personal, Commercial), By Battery Type (Lithium-ion, lead acid), By Region And Segment Forecasts, 2023 - 2030

Electric Motorcycle Market Growth & Trends

The global electric motorcycle market size is anticipated to be valued at USD 121.07 billion by 2030 and is expected growth by CAGR 19.0% over the forecast period, according to a new study by Grand View Research Inc. The electric motorcycle industry is expected to expand due to the growing consensus regarding the increasing concentration of greenhouse gases in the environment. The government introduced favorable tax and purchasing subsidies in economies such as Asia Pacific, North America, and Europe is also supporting the market growth. Furthermore, the development of battery technology, including electric motorcycles in delivery fleets and mobility as a service, is further acting as an opportunity for the uptake of electric motorcycles. However, due to the underdeveloped charging infrastructure, range anxiety among the end-users, and the high vehicle cost are among the challenges the market faces over the forecast period.

The commercial end-use segments of the electric motorcycle industry are creating new opportunity avenues for industries like logistics and food delivery. In regions such as Africa and Latin America, food delivery platforms are employing electric motorcycles for delivery in partnership with electric mobility startups. For instance, on May 2022, iFood, a Brazilian food delivery platform, announced the launch of its electric motorcycle, EVS Motor iFood. The food delivery platform partnered with Voltz Motor to develop the electric motorcycle. As per the food platform organization, the motorcycle is expected to save up to 70% of running costs and maintenance expenditures. EVS Motor iFood motorcycle ranges 85 kilometers per hour and can cover up to 100 to 180 kilometers with two battery packs. Additionally, to make the electric motorcycle affordable by partnering with bank BV for financing options.

The Asia Pacific region is anticipated to register the fastest growth in the market over the forecast period. The region’s market growth is attributed to factors such as growing government initiatives such as incentives and subsidies to promote the growth of electric mobility, rising fuel costs, and uptake of electric motorcycles by e-commerce and food delivery platforms. Moreover, the regional electric motorcycle industry growth is further expected to augment owing to the rise in disposable income in high population density regions such as Indonesia, India, China, and Vietnam. The major players in the electric motorcycle industry landscape are consistently launching new electric motorcycles which are equipped with batteries with increased storage capacity, advanced displays, Bluetooth connectivity, and connected vehicle technology features in a bid to promote the adoption and sales of the vehicles, thus contributing to the market growth.

Major incumbents in the electric motorcycle industry landscape are adopting organic and inorganic growth strategies such as launching new products, mergers, acquisitions, and partnerships to strengthen their market presence and expand their product portfolio. For instance, on December 2022, Pure EV – an Indian electric two-wheeler OEM announced the launch of its electric motorcycle ecoDryft. The motorcycle is equipped with a 3.0 kWh battery, a smart battery management system, Bluetooth connectivity, and a digital instrument cluster. The motorcycle is said to operate in three driving modes with a range of 130 km and a speed of 75 mph and is developed & manufactured in the OEM Hyderabad-based facility.

Electric Motorcycle Market: Report Highlights

  • Commercial end-use segment has the fastest growth 22.2% CAGR in 2022 and is expected to generate revenue of USD 9.22 billion. The use of electric motorcycles for logistics purposes is expected to drive the segment growth
  • The market is expected to gain traction owing to government incentives, improved acceleration, compact size, and reduced motor weight. The increasing presence of electric mobility startups and improvement in battery-based technology is expected to drive market growth
  • The Asia Pacific market will experience growth over the forecast period. The Asia Pacific market is expected to expand at a CAGR of 19.5 % from 2023 to 2030. The regional market growth is accredited to growing disposable income in the region and growing consensus towards rising emissions
  • Major manufacturers including Honda Motor Co., Ltd., Zero Motorcycles, Inc., and SUR-RON USA is projected to capture the majority of the market share over the forecast period. The primary strategy adopted by the major players in the market is the launching of new products along with enhancement in the vehicle range
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Chapter 1. Methodology and Scope
1.1. Methodology Segmentation & Scope
1.2. Information Procurement
1.2.1. Purchased database
1.2.2. GVR’s internal database
1.2.3. Secondary sources & third-party perspectives
1.2.4. Primary research
1.3. Information Analysis
1.3.1. Data analysis models
1.4. Market Formulation & Data Visualization
1.5. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Electric Motorcycle Market - Industry Snapshot, 2018 - 2030
Chapter 3. Electric Motorcycle Market Variables, Trends & Scope
3.1. Market Lineage, 2018 - 2030
3.2. Industry Value Chain Analysis
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
3.3.3. Market Opportunity Analysis
3.4. Business Environment Analysis Tools
3.4.1. Industry Analysis - Porter's Five Forces Analysis
3.4.2. PEST Analysis
Chapter 4. Electric Motorcycle Market Vehicle Drive Type
4.1. Electric Motorcycle Market Share by Drive Type, 2022 & 2030 (USD Million, Volume Thousand Units)
4.2. Belt Drive
4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million, Volume Thousand Units)
4.2.2. Market estimates and forecast by region, 2018 - 2030 (USD Million, Volume Thousand Units)
4.3. Chain Drive
4.3.1. Market estimates and forecast, 2018 - 2030 (USD Million, Volume Thousand Units)
4.3.2. Market estimates and forecast by region, 2018 - 2030 (USD Million, Volume Thousand Units)
4.4. Hub Motor
4.4.1. Market estimates and forecast, 2018 - 2030 (USD Million, Volume Thousand Units)
4.4.2. Market estimates and forecast by region, 2018 - 2030 (USD Million, Volume Thousand Units)
Chapter 5. Electric Motorcycle Market Battery Type Outlook
5.1. Electric Motorcycle Market Share by Battery Type, 2022 & 2030 (USD Million, Volume Thousand Units)
5.2. Lithium-ion Battery
5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million, Volume Thousand Units)
5.2.2. Market estimates and forecast by region, 2018 - 2030 (USD Million, Volume Thousand Units)
5.3. Lead-acid Battery
5.3.1. Market estimates and forecast, 2018 - 2030 (USD Million, Volume Thousand Units)
5.3.2. Market estimates and forecast by region, 2018 - 2030 (USD Million, Volume Thousand Units)
5.4. Others
5.4.1. Market estimates and forecast, 2018 - 2030 (USD Million, Volume Thousand Units)
5.4.2. Market estimates and forecast by region, 2018 - 2030 (USD Million, Volume Thousand Units)
Chapter 6. Electric Motorcycle Market End-Use Type Outlook
6.1. Electric Motorcycle Market Share by End-Use Type, 2022 & 2030 (USD Million, Volume Thousand Units)
6.2. Commercial
6.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million, Volume Thousand Units)
6.2.2. Market estimates and forecast by region, 2018 - 2030 (USD Million, Volume Thousand Units)
6.3. Personal
6.3.1. Market estimates and forecast, 2018 - 2030 (USD Million, Volume Thousand Units)
6.3.2. Market estimates and forecast by region, 2018 - 2030 (USD Million, Volume Thousand Units)
Chapter 7. Electric Motorcycle Market: Regional Outlook
7.1. Electric Motorcycle Market Share by Region, 2022 & 2030 (USD Million, Volume Thousand Units)
7.2. North America
7.2.1. Market estimates and forecast, 2018 - 2030 (USD Million, Volume Thousand Units)
7.2.2. Market estimates and forecast by drive type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.2.3. Market estimates and forecast by battery type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.2.4. Market estimates and forecast by end-use, 2018 - 2030 (USD Million, Volume Thousand Units)
7.2.5. U.S.
7.2.5.1. Market estimates and forecast, 2018 - 2030 (USD Million, Volume Thousand Units)
7.2.5.2. Market estimates and forecast by drive type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.2.5.3. Market estimates and forecast by battery type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.2.5.4. Market estimates and forecast by end-use, 2018 - 2030 (USD Million, Volume Thousand Units)
7.2.6. Canada
7.2.6.1. Market estimates and forecast, 2018 - 2030 (USD Million, Volume Thousand Units)
7.2.6.2. Market estimates and forecast by drive type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.2.6.3. Market estimates and forecast by battery type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.2.6.4. Market estimates and forecast by end-use, 2018 - 2030 (USD Million, Volume Thousand Units)
7.3. Europe
7.3.1. Market estimates and forecast, 2018 - 2030 (USD Million, Volume Thousand Units)
7.3.2. Market estimates and forecast by drive type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.3.3. Market estimates and forecast by battery type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.3.4. Market estimates and forecast by end-use, 2018 - 2030 (USD Million, Volume Thousand Units)
7.3.5. UK
7.3.5.1. Market estimates and forecast, 2018 - 2030 (USD Million, Volume Thousand Units)
7.3.5.2. Market estimates and forecast by drive type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.3.5.3. Market estimates and forecast by battery type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.3.5.4. Market estimates and forecast by end-use, 2018 - 2030 (USD Million, Volume Thousand Units)
7.3.6. Germany
7.3.6.1. Market estimates and forecast, 2018 - 2030 (USD Million, Volume Thousand Units)
7.3.6.2. Market estimates and forecast by drive type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.3.6.3. Market estimates and forecast by battery type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.3.6.4. Market estimates and forecast by end-use, 2018 - 2030 (USD Million, Volume Thousand Units)
7.3.7. France
7.3.7.1. Market estimates and forecast, 2018 - 2030 (USD Million, Volume Thousand Units)
7.3.7.2. Market estimates and forecast by drive type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.3.7.3. Market estimates and forecast by battery type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.3.7.4. Market estimates and forecast by end-use, 2018 - 2030 (USD Million, Volume Thousand Units)
7.3.8. Italy
7.3.8.1. Market estimates and forecast, 2018 - 2030 (USD Million, Volume Thousand Units)
7.3.8.2. Market estimates and forecast by drive type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.3.8.3. Market estimates and forecast by battery type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.3.8.4. Market estimates and forecast by end-use, 2018 - 2030 (USD Million, Volume Thousand Units)
7.3.9. Spain
7.3.9.1. Market estimates and forecast, 2018 - 2030 (USD Million, Volume Thousand Units)
7.3.9.2. Market estimates and forecast by drive type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.3.9.3. Market estimates and forecast by battery type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.3.9.4. Market estimates and forecast by end-use, 2018 - 2030 (USD Million, Volume Thousand Units)
7.3.10. Denmark
7.3.10.1. Market estimates and forecast, 2018 - 2030 (USD Million, Volume Thousand Units)
7.3.10.2. Market estimates and forecast by drive type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.3.10.3. Market estimates and forecast by battery type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.3.10.4. Market estimates and forecast by end-use, 2018 - 2030 (USD Million, Volume Thousand Units)
7.3.11. Netherland
7.3.11.1. Market estimates and forecast, 2018 - 2030 (USD Million, Volume Thousand Units)
7.3.11.2. Market estimates and forecast by drive type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.3.11.3. Market estimates and forecast by battery type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.3.11.4. Market estimates and forecast by end-use, 2018 - 2030 (USD Million, Volume Thousand Units)
7.3.12. Rest of Europe
7.3.12.1. Market estimates and forecast, 2018 - 2030 (USD Million, Volume Thousand Units)
7.3.12.2. Market estimates and forecast by drive type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.3.12.3. Market estimates and forecast by battery type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.3.12.4. Market estimates and forecast by end-use, 2018 - 2030 (USD Million, Volume Thousand Units)
7.4. Asia Pacific
7.4.1. Market estimates and forecast, 2018 - 2030 (USD Million, Volume Thousand Units)
7.4.2. Market estimates and forecast by drive type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.4.3. Market estimates and forecast by battery type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.4.4. Market estimates and forecast by end-use, 2018 - 2030 (USD Million, Volume Thousand Units)
7.4.5. China
7.4.5.1. Market estimates and forecast, 2018 - 2030 (USD Million, Volume Thousand Units)
7.4.5.2. Market estimates and forecast by drive type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.4.5.3. Market estimates and forecast by battery type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.4.5.4. Market estimates and forecast by end-use, 2018 - 2030 (USD Million, Volume Thousand Units)
7.4.6. India
7.4.6.1. Market estimates and forecast, 2018 - 2030 (USD Million, Volume Thousand Units)
7.4.6.2. Market estimates and forecast by drive type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.4.6.3. Market estimates and forecast by battery type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.4.6.4. Market estimates and forecast by end-use, 2018 - 2030 (USD Million, Volume Thousand Units)
7.4.7. Japan
7.4.7.1. Market estimates and forecast, 2018 - 2030 (USD Million, Volume Thousand Units)
7.4.7.2. Market estimates and forecast by drive type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.4.7.3. Market estimates and forecast by battery type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.4.7.4. Market estimates and forecast by end-use, 2018 - 2030 (USD Million, Volume Thousand Units))
7.4.8. Taiwan
7.4.8.1. Market estimates and forecast, 2018 - 2030 (USD Million, Volume Thousand Units)
7.4.8.2. Market estimates and forecast by drive type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.4.8.3. Market estimates and forecast by battery type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.4.8.4. Market estimates and forecast by end-use, 2018 - 2030 (USD Million, Volume Thousand Units)
7.4.9. South Korea
7.4.9.1. Market estimates and forecast, 2018 - 2030 (USD Million, Volume Thousand Units)
7.4.9.2. Market estimates and forecast by drive type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.4.9.3. Market estimates and forecast by battery type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.4.9.4. Market estimates and forecast by end-use, 2018 - 2030 (USD Million, Volume Thousand Units)
7.4.10. Vietnam
7.4.10.1. Market estimates and forecast, 2018 - 2030 (USD Million, Volume Thousand Units)
7.4.10.2. Market estimates and forecast by drive type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.4.10.3. Market estimates and forecast by battery type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.4.10.4. Market estimates and forecast by end-use, 2018 - 2030 (USD Million, Volume Thousand Units))
7.4.11. Indonesia
7.4.11.1. Market estimates and forecast, 2018 - 2030 (USD Million, Volume Thousand Units)
7.4.11.2. Market estimates and forecast by drive type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.4.11.3. Market estimates and forecast by battery type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.4.11.4. Market estimates and forecast by end-use, 2018 - 2030 (USD Million, Volume Thousand Units)
7.4.12. Rest of Asia Pacific
7.4.12.1. Market estimates and forecast, 2018 - 2030 (USD Million, Volume Thousand Units)
7.4.12.2. Market estimates and forecast by drive type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.4.12.3. Market estimates and forecast by battery type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.4.12.4. Market estimates and forecast by end-use, 2018 - 2030 (USD Million, Volume Thousand Units)
7.5. Latin America
7.5.1. Market estimates and forecast, 2018 - 2030 (USD Million, Volume Thousand Units)
7.5.2. Market estimates and forecast by drive type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.5.3. Market estimates and forecast by battery type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.5.4. Market estimates and forecast by end-use, 2018 - 2030 (USD Million, Volume Thousand Units)
7.5.5. Brazil
7.5.5.1. Market estimates and forecast, 2018 - 2030 (USD Million, Volume Thousand Units)
7.5.5.2. Market estimates and forecast by drive type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.5.5.3. Market estimates and forecast by battery type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.5.5.4. Market estimates and forecast by end-use, 2018 - 2030 (USD Million, Volume Thousand Units)
7.5.6. Mexico
7.5.6.1. Market estimates and forecast, 2018 - 2030 (USD Million, Volume Thousand Units)
7.5.6.2. Market estimates and forecast by drive type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.5.6.3. Market estimates and forecast by battery type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.5.6.4. Market estimates and forecast by end-use, 2018 - 2030 (USD Million, Volume Thousand Units)
7.5.7. Rest of Latin America
7.5.7.1. Market estimates and forecast, 2018 - 2030 (USD Million, Volume Thousand Units)
7.5.7.2. Market estimates and forecast by drive type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.5.7.3. Market estimates and forecast by battery type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.5.7.4. Market estimates and forecast by end-use, 2018 - 2030 (USD Million, Volume Thousand Units)
7.6. Middle East & Africa
7.6.1. Market estimates and forecast, 2018 - 2030 (USD Million, Volume Thousand Units)
7.6.2. Market estimates and forecast by drive type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.6.3. Market estimates and forecast by battery type, 2018 - 2030 (USD Million, Volume Thousand Units)
7.6.4. Market estimates and forecast by end-use, 2018 - 2030 (USD Million, Volume Thousand Units)
Chapter 8. Competitive Landscape
8.1. Honda Motor Co., Ltd.
8.2.Maeving
8.3. Energica Motor Company S.p.A.
8.4. Zero Motorcycles, Inc.
8.5. CAKE
8.6. SUR-RON USA
8.7. Harley-Davidson, Inc.
8.8. Electric Motion
8.9. KTM Sportmotorcycle GmbH
8.10. Fonz Moto Pty Limited 

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