Global Electric Motorcycle Market Recorded Revenue Worth US$ 8.95 Billion in 2022, Growing at an Estimated CAGR of 23.2% from 2023-2031

An electric motorcycle is a two-wheeled vehicle powered by electricity stored in rechargeable batteries. Unlike traditional gas-powered motorcycles, it uses an electric motor for propulsion, producing zero emissions. Electric motorcycles offer a quieter and environmentally friendly riding experience while contributing to reduced air pollution and lower operating costs.

Lithium-Ion batteries currently dominate the global electric motorcycle market. Their prevalence is backed by superior energy density, longer lifespan, and quicker charging times compared to sealed lead acid batteries. According to the Electric Vehicle World Sales Database, lithium-ion batteries are widely adopted in electric motorcycles globally, enhancing overall performance and range, making them the preferred choice for manufacturers and consumers alike.

Global Electric Motorcycle Market Revenue & Forecast, (US$ Million), 2015 – 2031

COVID-19 Impact Analysis on Global Electric Motorcycle Market

The electric motorcycle market, before COVID-19, saw steady growth due to rising environmental consciousness and incentives. Post-COVID-19, accelerated demand emerged as consumers sought eco-friendly, efficient transportation, aided by government stimulus packages and a desire for sustainable commuting.

A major driver in the electric motorcycle market is the growing concern for environmental sustainability. The rise in greenhouse gas emissions and air pollution has prompted a shift towards cleaner transportation alternatives. According to the International Energy Agency, the transport sector is a significant contributor to CO2 emissions. Governments worldwide are incentivizing electric vehicles, with rebates and tax credits. For instance, the US Federal Tax Credit provides up to $7,500 for electric motorcycle buyers. Additionally, this study indicates that environmental considerations are motivating consumers to choose electric motorcycles, driving market growth.

One significant restraint in the electric motorcycle market is the limited availability of charging infrastructure. Range anxiety, or the fear of running out of charge, can deter potential buyers. The study observes that a lack of convenient charging options hampers electric vehicle adoption. Insufficient public charging stations, particularly in rural areas, presents a challenge. Additionally, the time required for a full charge compared to refueling a gasoline motorcycle can be a deterrent. Addressing these infrastructure limitations is essential to accelerate market growth.

Electric motorcycles with a range of less than 75 miles currently dominate the global electric motorcycle market. These models cater to urban commuters and short-distance riders, making them the most commonly purchased electric motorcycles. Consumer preferences for compact and affordable options, coupled with shorter daily commuting distances, contribute to the dominance of this range.

North America recorded highest market share in the global electric motorcycle market in 2022. This dominance is substantiated by the region’s robust manufacturing base, strong consumer demand, and government initiatives promoting electric mobility. Furthermore Asia Pacific region is anticipated to be the fastest growing region in the market. According to data from the International Energy Agency, Asia Pacific accounted for the highest number of electric motorcycles in use. Countries like China and India, with substantial electric motorcycle production and adoption, contribute significantly to this dominance.

Competitive Landscape: Global Electric Motorcycle Market:

• Arranz Group Ltd
• Dongguan Tailing Electric Vehicle Co., Ltd.
• ESSENCE Motocycles
• Harley-Davidson, Inc.
• JIANGSU SINSKI VEHICLE SCIENCE & TECHNOLOGY CO.,LTD
• Jiangsu Xinri E-Vehicle Co.,Ltd
• Luyuan e-vehicle
• Tacita
• Yadea Technology Group Co.,Ltd.
• ZONGSHENMOTOR
• Other Industry Participants

Report Summary of Global Electric Motorcycle Market

Global Electric Motorcycle Market:

By Battery Type

• Sealed Lead Acid
• Lithium-Ion

By Range

• Less Than 75 Miles
• 75 Miles to 100 Miles
• More Than 100 Miles

By Power

• Less Than 3kW
• 3kW to 5kW
• More Than 5kW

By Vehicle Class

• Economy
• Luxury

By Usage

• Commercial
• Private

By Region

• North America (U.S., Canada, Mexico, Rest of North America)
• Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe)
• Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific)
• Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
• Latin America (Brazil, Argentina, Rest of Latin America)

Report Coverage and Deliverables

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Table of Contents

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**Exclusive for Multi-User and Enterprise User.

Global Electric Motorcycle Market Segmentation

By Battery Type

By Range

By Power

By Vehicle Class

By Usage

By Region

**Note: The report covers cross-segmentation analysis by region further into countries

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