Global Electric Motocross Bike Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Electric Motocross Bike Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

An off-road motorcycle, also known as an off-road two-wheeled motorcycle, is a type of motorcycle used on closed off-road circuits when motorsport or electric off-road motorcycle racing is held. Electric off-road motorcycles are powered entirely by electricity, featuring advanced electric motorcycle powertrain components and lithium-ion batteries (with high energy density). These sporty electric motorcycles, with a top speed of more than 90 mph and a range of more than 80 miles, typically feature high-density batteries that produce a lot of torque.

Market Overview:

The latest research study on the global Electric Motocross Bike market finds that the global Electric Motocross Bike market reached a value of USD 278.4 million in 2023. It’s expected that the market will achieve USD 821.14 million by 2029, exhibiting a CAGR of 19.75% during the forecast period.

Similar to off-road electric vehicles, the outbreak of the global new crown epidemic has brought a certain impact on the electric off-road motorcycle industry. Although in the early stage of the epidemic, due to the new crown epidemic, labor shortages and reduced operating efficiency of global ports have further caused congestion of shipping ships and reduced capacity. Tension and the increase in sea freight prices. With the strengthening of epidemic prevention and control capabilities in various countries, the efficiency of shipping will gradually recover. However, the uncertainty of the impact of events such as the new crown epidemic on the international shipping market may cause products to fail to arrive at the customer's location within the expected time, resulting in customers being unable to provide to consumers in the short term. products, thereby affecting the sales market of electric off-road motorcycles; or customers concentrated large quantities of orders in a short period of time in order to ensure supply, resulting in large fluctuations in customer order demand, and thus fluctuations in the electric off-road motorcycle market. And after the outbreak of the new crown epidemic, it spread rapidly around the world, and the number of infected people continued to increase. Due to the strong contagiousness of the new crown pneumonia, the public reduced large-scale gathering entertainment activities during the epidemic, and more people worked, lived, and entertained at home. The demand for transportation such as motorcycles and electric vehicles has increased. Most of the North American regions such as the United States and Canada are sparsely populated. While people reduce gathering outdoor leisure and entertainment activities, they increase outdoor leisure and entertainment activities in a small range (such as inside the family) such as residences and parks. At the same time, due to the limited measures taken by the United States and other countries or regions to deal with the new crown epidemic, for the sake of safe travel, people will choose more independent and green passenger transportation tools such as electric off-road motorcycles when traveling for short distances. As a result, people's travel methods have changed to a certain extent.

In response to climate change, the world has begun to promote green and low-carbon transformation, and the concept of carbon neutrality has emerged. At present, more than 120 countries and regions around the world have proposed carbon neutrality goals. Among them, most of the plans will be realized by 2050, such as the European Union, the United Kingdom, Canada, Japan, New Zealand, and South Africa. At the same time, with most countries attaching great importance and policy guidance to the development of green economy and new energy industries, especially after the dual carbon targets were proposed, electric drive travel has become the choice of more people. Especially in the off-road motorcycle market in the niche cultural circle, because diesel engines and gasoline engines are both internal combustion engines, which means that they both introduce fuel into the engine, let the fuel and air mix and compress, and adopt different ignition methods to ignite , which then drives the piston down to turn the crankshaft, which is connected to the vehicle's transmission and ultimately turns the wheels. During the combustion process, a large amount of carbon dioxide will be produced, which will have a certain impact on the environment. Therefore, major off-road motorcycle manufacturers are also following the requirements of countries around the world for energy saving and emission reduction, and promoting the electric drive of off-road motorcycles.

With the growth of national income level and the change of consumption concept, individual consumers of motorcycles for the purpose of entertainment and leisure are gradually increasing, making motorcycles no longer just means of production and means of transportation in the traditional sense, but endowed with a higher level of value , to further drive the rapid development of leisure and entertainment activities related to sports motorcycles, off-road events and other fields, and promote the cultivation and growth of the domestic sports motorcycle consumer market. At present, compared with developed regions such as Europe and the United States, my country's sports motorcycle market is still in the stage of development and cultivation. The market demand has not yet begun to be released on a large scale, and the development space is huge. Activities related to sports motorcycles are gradually rising, and the purchasing power of residents is constantly increasing. In the context of the current situation, the electric off-road motorcycle market is expected to usher in good development opportunities.

Region Overview:

Northern America had the highest growth rate of all regions.
In 2022, the share of the Electric Motocross Bike market in Northern America stood at 39.11%.

Company Overview:

Hangzhou Qiulong Technology Co., Ltd,KTM AG,Zero Motorcycles were the top 3 players in the Electric Motocross Bike market in 2023, taking up a market share of 59.65% together.

Segmentation Overview:

The Maximum speed＞120km/h segment by type showed a value growth of 0.19% in 2022.
Among different product types, Maximum speed≤80km/h segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the casual segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Electric Motocross Bike market covered in Chapter 3:

Hangzhou Qiulong Technology Co., Ltd
Cake Kalk
KTM AG
Stark Future
Kuberg
Razor
Zero Motorcycles
Electric Motion
mock wind

In Chapter 4 and Chapter 14.2, on the basis of types, the Electric Motocross Bike market from 2019 to 2030 is primarily split into:

Maximum speed≤60km/h
Maximum speed≤80km/h
Maximum speed≤120km/h
Maximum speed>120km/h

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Electric Motocross Bike market from 2019 to 2030 covers:

Casual
Sports

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)