Global Electric Motorcycle Market Insights, Forecast to 2030

Electric Motorcycle Market 

The global Electric Motorcycle market is projected to grow from US$ 572 million in 2024 to US$ 1017 million by 2030, at a Compound Annual Growth Rate (CAGR) of 10.1% during the forecast period.

Trends Influencing the Growth of the Electric Motorcycle Market

Governments in several countries are focusing more on the adoption of green vehicles in an effort to further slow the increase of air pollution. The construction of EV charging infrastructure and the advancement of battery management technologies have had a significant impact on the growth of the market for electric bikes. Internal Permanent Magnet (IPM) motors maximize efficiency and power that can torque the system for quick throttle response, which is a key factor in boosting the performance of electric motorcycles.

The Electric Motorcycle Market is anticipated to be driven by an increase in expenditure in research & development that will pave the way for improvements. An increase in strategic market alliances has led to more funds being allocated for the development and deployment of advanced, automated machinery. Increased funding for research and development would also open the door to improvements in the use of electric motors.

These bicycles are also designed to be more environmentally friendly and reduce carbon emissions. The batteries in more recent models are recyclable and facilitate charging from green energy sources like your home's solar power system. This is thus anticipated to stimulate the Electric Motorcycle Market.

Although they initially cost more than their gas-powered equivalents, electric motorcycles wind up being less expensive in the long run. Naturally, there will be substantial financial savings as a result of not having to purchase fuel. Furthermore, some governments are making an effort to provide special incentive plans for their taxes and purchase price. Using a green energy source will result in much larger savings for you.

These bikes are typically lighter and easier to ride, so you feel fantastic rather than fatigued and perspiring when you get there. Furthermore, parking these sleek vehicles and handling the traffic is much easier than just sitting still. The design of electric motorbikes include regenerative braking, which enables the battery to be recharged as you enjoy a leisurely ride. These elements will encourage the market for electric motorcycles to expand.

Electric Motorcycle Market Share

The core manufacturers of Electric Motorcycle in the world include Surron, Zero Motorcycles and Succo. The top three companies have a market share of about 35%. Europe is the world's largest Electric Motorcycle market with a market share of about 39%, followed by North America and China with a market share of 30% and 15%, respectively. In terms of product type, 6hp≤ Output Power <12hp is the largest segment, with approximately 35% market share. In terms of application, Street Market is the largest downstream segment, accounting for about 70% of the market share.

By Type

• 3hp≤ Output Power <6hp
• 6hp≤ Output Power <12hp
• 12hp≤ Output Power <20hp
• 20hp≤ Output Power <45hp
• 45hp≤ Output Power

By Application

• Street Market
• Off-Road Market

By Region

• United States
• Europe
• China
• Japan
• Southeast Asia
• India
• Other Regions

By Company

Energica, Zero Motorcycles, Brutus, Gogoro, BMW Motorrad, Hero, Terra Motor, Govecs, KLB komaki, LiveWire, Surron, Succo, Evoke, Zongshen, CFMOTO, FELO, Tromox

Scope of Electric Motorcycle Market Report