Global Electric Motorcycle Market 2024-2028
The electric motorcycle market is forecasted to grow by USD 247.8 bn during 2023-2028, accelerating at a CAGR of 35.34% during the forecast period. The report on the electric motorcycle market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in demand for electric motorcycles, declining prices of li-ion battery, and technological advances in high-performance electric motorcycles.
Technavio's electric motorcycle market is segmented as below:
By Type
- Sealed lead acid
- Lithium-ion
By Technology
By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the use of internet of things (iot) and smart infrastructure in electric motorcycle charging stations for load management as one of the prime reasons driving the electric motorcycle market growth during the next few years. Also, rise in number of new launches of electric motorcycles globally and increase in government support towards electric motorcycles will lead to sizable demand in the market.
The report on the electric motorcycle market covers the following areas:
- Electric motorcycle market sizing
- Electric motorcycle market forecast
- Electric motorcycle market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electric motorcycle market vendors that include 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 Limited, TORROT ELECTRIC EUROPA S.A., VERGE Motorcycles OU, Vmoto Ltd., Volkswagen AG, Z Electric Vehicle Corp., Zapp Electric Vehicles Ltd., and Zero Motorcycles Inc.. Also, the electric motorcycle market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.