MarketAnalysis
The electricmotorcycles market is predicted to grow at a 10.35% CAGR between 2018- 2025,states the recent Market Research Future (MRFR) analysis. An electricmotorcycle, simply put, is a motorcycle that runs on electricity and worksthrough a motor. This vehicle has been specially designed for higher speeds andhas high-speed handling characteristics & enhanced acceleration. Electricmotorcycles are ideal for highway speeds & beyond or slow urbancommutes.
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Various factorsare propelling the global e-motorcycles market share. According to the recentMRFR report, such factors include the entry of several top original equipmentmanufacturers, falling battery prices, low maintenance, and operational costs,depleting oil reserves worldwide, initiatives by the government to adopt greenvehicles, and growing investments in car charging infrastructure. Additionalfactors adding market growth include growing interest from large scalemanufacturers, incorporation of low noise levels, regenerative braking, highmechanical efficiency, and comparatively economical maintenance costs, growingadoption of eco-friendly cars.
On the contrary,high vehicle cost, lack of charging infrastructure, limited accessibility ofelectric motorcycles, limited battery capacity, performance constraints, andlack of awareness are factors that may limit the globalelectric motorcycles market growth over the forecast period.
MarketSegmentation
The MRFR reporthighlights an inclusive segmental analysis of the global electric motorcyclesmarket based on voltage, battery type, and vehicle range.
By vehiclerange, the global electric motorcycles market is segmented into above 100miles, 75-100 miles, and below 75 miles. Of these, the above 100 miles vehiclerange segment will lead the market over the forecast period. Growing demand forelectric motorcycles of high range in sports and leisure activities are addingto the growth of the segment.
By battery type,the global electric motorcycles market is segmented into nickel metal hydride,lead acid, and li-on. Of these, the li-on battery type segment will dominatethe market over the forecast period. Higher density and decreasing cost ofthese batteries are adding to the growth of the segment.
By voltage, theglobal electric motorcycles market is segmented into above 60 volts, 48-60volt, 24-48 volt, and below 24 volts.
RegionalAnalysis
Based on theregion, the global electric motorcycles market report covers the recent trendsand growth opportunities across the Asia Pacific (APAC), North America, Europe,& the Rest of the World (RoW). Of these, the APAC region will spearhead themarket over the forecast. Increasing population, increase in trafficcongestion, falling prices than conventional cars, rising environmentalconcerns, and a growing number of lately launched electric motorcycles are addingto the global electric motorcycles market growth in the region.
The globalelectric motorcycles market in North America is predicted to have healthygrowth over the forecast period. Increasing consumer disposable income, highspending capability, early adoption of smart mobility solutions that istechnologically advanced, and the emergence of new players are adding to theglobal electric motorcycles market growth in the region.
The globalelectric motorcycles market in Europe is predicted to have sound growth overthe forecast period. The increasing adoption of electric motorcycles, strongsupport by the government, higher commuter base, and growing availability ofsmart charging stations are adding to the global electric motorcycles marketgrowth in the region.
The globalelectric motorcycles market in the Rest of the World is predicted to havesteady growth over the forecast period.
Key Players
Key playersprofiled in the global electric motorcycles market report include EssenceMotorcycles (France), Razor USA LLC. (US), LITO MOTORCYCLES (France), ElectricMotion (France), Husqvarna Motorcycles GmbH (Austria), Blacksmith Electric(India), Torkmotors (India), TACITA SRL (Italy), Alta Motors (US), Johammere-mobility GmbH (Germany), Bell Custom Cycles (BCC) (US), Energica MotorCompany S.p.A.(Italy), Revolt Motors (India), and Zero Motorcycles Inc.(US).
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