Global Electric Motorcycle Sales Market Report 2022

Electric Motorcycle Market 

Due to the COVID-19 pandemic, the global Electric Motorcycle market size is estimated to be worth USD 7302 Million in 2021 and is forecast to a readjusted size of USD 7302 Million by 2028 with a CAGR of 6.5% during the review period.

Due to reasons including cheaper prices, easier daily commutes, less noise, less maintenance needs, and compact designs that make them easy to navigate inside cities, the Electric Motorcycle Market is expected to grow.

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 Asia Pacific is predicted to be the most lucrative region. The market in this region is fueled by elements including rising anxiety over the depletion of oil supplies and excessive carbon emission discharge.

Based on type, Electric Scooter is predicted to be the most lucrative segment. 

Top Companies in the Electric Motorcycle Market

Global Electric Motorcycle key players include Yadea, AIMA, Lvyuan, Sunra, TAILG, etc. Global top five manufacturers hold a share of about 25%.

By Type

• Electric Motorcycle
• Electric Scooter

By Application

• Sealed Lead Acid 
• Lithium Ion

By Region

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

By Company

• Yadea
• AIMA
• Lvyuan
• Sunra
• TAILG
• Lima
• BYVIN
• Zongshen Electric Motorcycle
• Wuyang Honda
• HONG ER DA
• Lvjia
• Slane
• Opai Electric
• Supaq
• Xiaodao Ebike
• Sykee
• Aucma EV
• Terra Motor
• Govecs
• ZEV
• Zero Motorcycles

Scope of Electric Motorcycle Market Report