The global electric motorcycles market can attain a growth rate of 10.35% during the forecast period (2019–2025), believes Market Research Future (MRFR).
Market Overview:
The global electric motorcycles market is segmented based on vehicle range, battery type, voltage, and region. On the basis of vehicle range, the global market has been segmented into below 75 Miles, 75-100 Miles, and above 100 Miles. On the basis of battery type, the global market has been segmented into li-ion, lead acid, and nickel metal hydride. On the basis of voltage, the global market has been segmented into below 24 Volt, 24-48 volt, 48-60 volt, and above 60 volt.
On the basis of vehicle range, the above 100 Miles segment is expected to register the highest growth rate during the forecast period in the global electric motorcycles market. This growth is attributed to the increasing demand for high range electric motorcycles in leisure and sports activities.
On the basis of battery type, the li-ion segment is expected to register the fastest CAGR during the forecast period in the global electric motorcycles market. The decreasing prices of li-ion batteries and the higher density of li-ion batteries than LA batteries, make them lighter and more efficient. Such factors are expected to drive the demand for li-ion batteries during the forecast period.
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Prominent Players
The Prominent Players in the global electric motorcycles market are Blacksmith Electric (India), Husqvarna Motorcycles GmbH (Austria), Electric Motion (France), LITO MOTORCYCLES (France), Razor USA LLC. (US), and Essence Motorcycles (France) Zero Motorcycles Inc. (US), Harley-Davidson, Inc. (US), Revolt Motors (India), Energica Motor Company S.p.A. (Italy), Bell Custom Cycles (BCC) (US), Johammer e-mobility GmbH (Germany), Alta Motors (US), TACITA SRL (Italy), and Torkmotors (India).
Market Segmentation
The worldwide market for electric motorcycle has been segmented on the basis of vehicle range, battery type and voltage.
Depending on the vehicle range, the global market can be split into below 75 Miles, 75-100 Miles, and above 100 Miles.
With respect to the battery type, the global market has been considered for li-ion, lead acid, and nickel metal hydride.
Voltage-based segments in the global market are below 24 Volt, 24-48-volt, 48-60 volt, and above 60 volts.
Industry News
In 2019, Revolt Motors (India) launched the Revolt RV400 with the range of 156km per charge and can be plugged directly to a 15-ampere socket for a full charge in four hours. The motorcycle also comes up with a swappable battery that can be ordered via the company’s cell phone application and can be delivered to the desired location at a convenient time slot.
In 2019, TACITA SRL (Italy), based in Torino, Italy, announced to enter the U S market. The company joins other US-based members of the electric motorcycle industry, including dominant players such as Zero Motorcycles and Lightning Motorcycles.
In 2018, Zero Motorcycles Inc. (US) launched DSR Black Forest Edition designed exclusively for European consumers. The electric touring bike features Zero’s optional “Charge Tank” and a cruising range of up to 260 km.
In 2018, Harley-Davidson, Inc. (US) launched its first electric motorcycle, the LiveWire with high-voltage battery (or RESS; Rechargeable Energy Storage System) composed of lithium-ion cells surrounded by a finned, cast-aluminum housing. The high-voltage battery provides 225 km of city range or 142 km of combined stop-and-go and highway range.
Regional Outlook
MRFR gives a clear picture of the global electric motorcycles market by segmenting it regionally into North America, Europe, Asia Pacific (APAC), in addition to the Rest of the world.
The APAC electric motorcycles market is believed to have the most potential to achieve the highest CAGR during the forecast period. The region is showing remarkable progress owing to factors like rising concerns about carbon and greenhouse gas (GHG) emissions that have accelerated the need for fuel-efficient vehicles. Burgeoning population, increasing traffic congestion, declining prices of electric motorcycles, and mounting environmental concerns add to the market strength in the region.
Europe along with North America will demonstrate significant market growth in the following years, given the quick rate of adoption of electric motorcycles and the strong support given by the government in the form of financial and non-financial incentives. Also, high commuter base in these regions stimulates market growth. Rising availability of smart charging stations also offers a host of opportunities to both these regional markets in terms of growth. Solar-powered and automated charging stations are becoming popular, which also benefits the market. Electric motorcycles providers are striving to make a mark in the market by designing and developing these types of charging stations to expand the horizons of complete nature-based transportation.
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Market Overview Market Research Future (MRFR) discusses different factors that are expected to prompt the electric motorcycles market 2020 across the assessment period 2019–2025.
The rise in need to replace fuel driven traditional commute solutions with electricity-fuelled electric motorcycles to curb the rise in air pollution can impel the expansion of market in the years ahead.
The easy availability of battery pack and economic motors that are installed in electric motorcycle for storing and transformation of electricity improve customer convenience, which can bolster the expansion of the electric motorcycles in the years ahead.
Prominent PlayersHarley-Davidson, Inc. (US), Zero Motorcycles Inc. (US), Electric Motion (France), Energica Motor Company S.p.A.(Italy), Revolt Motors (India), TACITA SRL (Italy), Bell Custom Cycles (BCC) (US), Torkmotors (India), Alta Motors (US), Johammer e-mobility GmbH (Germany), Husqvarna Motorcycles GmbH (Austria), Blacksmith Electric (India), Razor USA LLC.
(US), LITO MOTORCYCLES (France), and Essence Motorcycles (France) are some reputed names in the electric motorcycles global market as listed by MRFR.
Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/8136Segment Study The segment assessment of the global electric motorcycles market is based on battery type, vehicle range, and voltage.
