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The high-performance electric motorcycle market size is forecast to increase by USD 12.86 billion, at a CAGR of 9.97% between 2023 and 2028. The accelerated development of the market is driven by several key factors, including technological advances, increasing government support for the adoption of EVs, and the declining prices of Li-ion batteries. These elements contribute to a favorable environment for growth, as innovations enhance the efficiency and capabilities of electric vehicles, making them more attractive to consumers. Government incentives and policies further encourage the transition to electric vehicles, supporting infrastructure development and consumer adoption. Additionally, the continuous reduction in the cost of Li-ion batteries lowers the overall price of electric vehicles, making them more affordable and accessible. Together, these factors are driving the market forward at an unprecedented rate, ensuring a sustainable and rapid expansion in the coming years.
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The high-performance electric motorcycle market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments
The street segment is estimated to witness significant growth during the forecast period. The market in focus is dominated by the street segment because of the presence of several street-legal motorcycles across the different regions. Several key market players primarily focus on this segment. The major factors that support the growth of market through this segment are the rising awareness and support for the adoption of electric motorcycles and the declining costs of Li-ion batteries.
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The street segment was the largest segment and was valued at USD 12.40 billion in 2018. Various market players offer premium high-performance motorcycles and electric two-wheelers that have racer designs for on-road applications. Further, the availability of such product offerings is expected to drive the demand among customers, particularly among professional racers. Hence, the product offerings in the street-type segment are expected to have a positive impact on the market during the forecast period.
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Europe is estimated to contribute 43% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The market in Europe witnesses significant growth, particularly in Okinawa and other Western European countries like Germany, France, and Italy. Distance commuting is a key driver of demand, with governments offering tax breaks and subsidies as incentives.
For instance, the German government exempts electric vehicles from annual circulation tax for the first ten years, while France provides incentives based on exhaust emissions, ranging from USD2,000 to USD7,500. Chinese manufacturers like Yadea also contribute to the market's expansion. Technological advancements, such as machine learning and active safety systems, are enhancing the appeal of low-powered electric motorcycles and scooters. These systems offer driver assistance, improving safety and convenience. Public transport systems and passenger cars are also integrating electric powertrains to reduce tailpipe emissions and improve energy security. Lockdowns and supply chain disruptions have presented challenges to the market, but the potential for technological developments and trade analysis keeps investors interested.
In addition, news and developments in the electric motorcycle sector, including advancements in energy density, charging efficiency, battery longevity, and charging infrastructure, continue to shape the market. Electric motorcycles and scooters offer a viable alternative to gasoline-powered automobiles, with advantages such as lower fuel prices, reduced traffic congestion, and safety features like visual appeal, intelligent connectivity, and lightweight materials. Internal combustion engines face increasing competition from ridesharing services, micro-mobility solutions, and public transportation safety concerns. Investors and stakeholders should monitor the market trends, including regulatory policies, technological advancements, and consumer preferences, to capitalize on the opportunities and address potential challenges.
The electric two-wheelers market is experiencing robust growth due to escalating concerns regarding emission levels and the global shift towards zero-emission alternatives. Traditionally, petroleum-based fuel sources have been the go-to choice for two-wheeler propulsion. However, the trend is now leaning towards electric vehicles, which utilize batteries for power. While lead-acid batteries have been the standard, advanced technologies such as lithium-ion batteries are gaining traction due to their superior energy density and charging efficiency. Leading companies in this sector are spearheading innovation by offering battery-swapping services to alleviate range anxiety. Moreover, machine learning and advanced safety systems, including active safety and driver assistance, are being integrated into electric motorcycles to enhance performance and ensure energy security. These advancements not only make electric two-wheelers a more viable option but also contribute to reducing carbon footprints and promoting sustainable transportation.
Public transport systems and passenger cars are also transitioning to electric powertrains, further driving demand. Lockdowns and supply chain disruptions have impacted the market, but demand drivers such as fuel prices and tailpipe emissions continue to push the market forward. Electric scooters and cars are also gaining traction, offering a viable alternative to gasoline-powered automobiles. Battery longevity and charging infrastructure remain key challenges for the industry. Electric bikes represent a significant and growing segment within the broader transportation industry. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Technological advances in high-performance electric motorcycles is the key factor driving the market. The market is experiencing significant advancements, with manufacturers focusing on enhancing battery performance and expanding riding ranges. Upfront expenses, such as motor and battery costs, remain a challenge for consumers. However, the benefits of reduced maintenance and increased performance are driving demand. Charging infrastructure development is crucial for market growth. Performance and speed restrictions, in line with car safety standards, necessitate the installation of charging stations at strategic locations. License requirements and compatibility with charging infrastructure are essential considerations for consumers. Replacement parts and repair facilities are essential for maintaining high-performance electric motorcycles.
Moreover, trained mechanics with expertise in electric motorcycle technology are increasingly in demand. Brand loyalty plays a significant role in market dynamics, with leading manufacturers investing in research and development to differentiate their offerings. Advanced technologies, such as vehicle control units (VCUs) and electrical anti-lock braking systems (eABS), are becoming standard features in high-performance electric motorcycles. These technologies offer improved performance and safety, mitigating concerns related to speed restrictions and regulatory compliance. In summary, the market is evolving rapidly, with manufacturers focusing on enhancing battery performance, expanding charging infrastructure, and integrating advanced technologies to meet consumer demands and regulatory requirements. Such factors are expected to drive high-performance electric motorcycle market growth during the forecast period.
The emerging trend of all-electric motorcycle racing is the primary trend shaping the market. The market is experiencing significant growth due to the increasing demand for sustainable mobility solutions. Upfront expenses, such as the cost of purchasing an electric motorcycle, are a consideration for potential buyers. However, the long-term savings from reduced fuel costs and maintenance make electric motorcycles an attractive option. Charging infrastructure is a crucial factor in the adoption of electric motorcycles.
The availability and accessibility of charging stations are essential for convenient and hassle-free usage. Performance and speed restrictions are areas of concern for some, but advancements in battery technology and motor design are addressing these issues. Car safety standards, license requirements, and compatibility with existing infrastructure are other considerations. Replacement parts and repair facilities, along with the availability of trained mechanics, are essential for ensuring the longevity and reliability of electric motorcycles. Brand loyalty and the desire for high-performance motorcycles are driving the market forward, with major motorcycle racing events, such as MotoGP, leading the way with initiatives like the MotoE series. Such factors are expected to drive high-performance electric motorcycle market growth during the forecast period.
The limited availability of charging infrastructure is a major challenge that affects market expansion. High-performance electric motorcycles represent the vanguard of sustainable personal transportation, offering the promise of reduced pollution and decreased reliance on fossil fuels. Nevertheless, this market segment encounters significant challenges, primarily the substantial upfront expenses that hinder widespread adoption. The Harley Davidson LiveWire, for example, retails for USD 29,799, a considerable investment compared to its petrol-equivalent, the Harley Davidson Iron 883, priced at USD 9,699.
Beyond the purchase price, other factors impacting the market include the availability and accessibility of charging stations, performance and speed restrictions, adherence to car safety standards, licensing requirements, compatibility with existing infrastructure, availability of replacement parts, and access to repair facilities staffed with trained mechanics. Brand loyalty, a critical factor in the automotive industry, may also be influenced by the availability of a comprehensive support network and the perceived value of the electric motorcycle brand. Such factors are expected to limit high-performance electric motorcycle market growth during the forecast period.
The high-performance electric motorcycle market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the high-performance electric motorcycle market growth analysis report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The high-performance electric motorcycle market research and growth report also includes detailed analyses of the competitive landscape of the market and information about 25 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market is experiencing significant growth due to the increasing demand for eco-friendly and efficient transportation solutions. The market is driven by several factors including advancements in battery technology, government initiatives to reduce carbon emissions, and the rising popularity of electric vehicles (EVs). High-performance electric motorcycles offer superior acceleration, longer range, and reduced maintenance costs compared to traditional gasoline motorcycles. Additionally, the integration of smart technology and connectivity features in these motorcycles is further enhancing their appeal to consumers. The market is expected to continue its growth trajectory in the coming years, with key players focusing on innovation and product development to meet the evolving needs of consumers. The Electric Two-Wheeler Market represents a significant segment in the global transportation industry, characterized by growing demand for sustainable and cost-effective mobility solutions. The market is segmented by battery type, motor type, and region. Some of the major players in the market include manufacturers of EV components and battery suppliers.
The electric motorcycle market is experiencing substantial growth in the transportation sector, fueled by heightened environmental awareness and advancements in battery technology. The high-performance electric motorcycle segment is expanding rapidly as it provides a zero-emission option for riders, reducing greenhouse gas emissions and tailpipe emissions compared to petroleum-scooters and gasoline-powered automobiles. Battery swapping, particularly for electric two-wheelers, mitigates range anxiety, boosts battery life, and enhances charging efficiency. Advanced battery systems, such as lithium-ion, are replacing traditional lead-acid batteries to improve energy density and performance. Machine learning and driver assistance systems, including active safety features, are enhancing the riding experience and safety. The shift towards electric motorcycles is further driven by rising fuel prices, energy security concerns, and expanding charging infrastructure. Although production was briefly affected by lockdowns and supply chain disruptions, the electrification trend has continued in public transport systems and passenger cars.
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Market Scope |
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Report Coverage |
Details |
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Page number |
158 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 9.97% |
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Market Growth 2024-2028 |
USD 12.86 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
9.32 |
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Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
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Performing market contribution |
Europe at 43% |
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Key countries |
US, China, Japan, Germany, and France |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
ARC Vehicle Ltd, Bayerische Motoren Werke AG, Bell Custom Cycles, Curtiss Motorcycle Co. Inc., Ducati Motor Holding Spa, Emflux Motors, Evoke Electric Motorcycles HK Ltd, Harley Davidson Inc., Ideanomics Inc., Johammer e mobility GmbH, Kawasaki Heavy Industries Ltd., Lightning Motors Corp, PIERER Mobility AG, Sarolea Manx Ltd., Savic Motorcycles Pty Ltd., Songuo Motors Co. Ltd., SUNRA, TACITA SRL, Thor Industries Inc., Triumph Motorcycles, VERGE Motorcycles OU, Yadea Group Holdings Ltd, Z Electric Vehicle Corp., Zero Motorcycles Inc., and Zhejiang Luyuan Electric Vehicle Co. Ltd. |
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Market dynamics |
Parent market growth analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the market forecast period. |
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Customization purview |
If our high-performance electric motorcycle market forecast report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Battery Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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