ELECTRIC MOTORCYCLE MARKET 

KEY FINDINGS

1. Li-ion battery type electric motorcycles are showing fastest growth in the sector, because of their low weight, and can store more energy as compared to other types of battery.
2. The BMW-TVS partnership in India is expected to boost the e-motorcycle growth in in the 2025-2026 period
3. With the association of BMW the average price of the motorcycle is expected to be on the higher side and thus the drastic growth in the market value is expected
4. In March 2020, Thailand announced a target to produce 53,000 electric motorcycles by 2025. 
5. The Ministry of Industry also planned  a three-year motorcycle trade-in scheme for buyers of motorcycles where the state will subsidize US$475 per motorcycle 
6. In Europe the top 3 regions with e-motorcycle sales are France, Netherlands and UK, France took the 1st position in 2021 after overtaking Netherlands with ~60%  growth in sales Y-o-Y
7. The entry of auto makers such as Damon and  Sondors in North Amreican Market will boost the market as these makers are planning to launch vehicles in the price range $5,000-$15,000.These vehicles are expected to launched by 2024-2025 period
8. THe >150km segment will be an market disruptor for next 5 years, Currently about 60-70 percent of the models in the market offer this range, well there is an room for improvement to increase the range with keeping the other errands in same config.
9. The global electric motorcycle market is one of the fragmented market dominated by players such as Zhejiang Luyuan, Dongguan Tailing, Huaihai New Energy, Revolt and Zero Motorcycles. 
10. Many Chinese Electric motorcycle manufacturers are trying to concentrate in the European & American markets, by launching the high valued products priced above $8,000-$10,000 

INTRODUCTION

Electric Motorcycles are two or three wheelers that use electrical energy for the propulsion of mass from one place to another. The electrical energy is converted into mechanical energy by means of Motors attached to the hub of wheels directly or indirectly.

Electric Motorcycles are not a new concept, the patent and its research was already taking place independently by different inventors in the late 19^th century. The advantage of using electric motorcycles is they are emission free (environment friendly).

Earlier, the range of these motorcycles was less, as the technological breakthrough took place in the market the overall efficiency, range, weight, power, quality, etc. has been improved. Giant players in the automobile industry and Startups have started to contribute towards the design and manufacturing of Electric Motorcycles.

ELECTRIC MOTORCYCLE MARKET DYNAMICS

Global Market towards the electric motorcycles segment is like See-Saw, government and private players are trying their hard to promote and advertise the advantage of using the electric Motorcycles.

This will help out in promoting a sustainable environment and reduce the carbon footprint of countries as well. Governments are promoting the startup that is focusing on development of Battery Technology (to increase the range and performance of vehicles).

Some important points that affect the market are range, performance, price, availability, comfort, environment, choice, power, lack of charging infrastructure, material used for the battery manufacturing, lack of awareness amongst people for electric motorcycles, tax, concession on eco-friendly vehicles, etc.

ELECTRIC MOTORCYCLE MARKET SEGMENTATION

Electric Vehicles are classified into different types like range, voltage, battery type, vehicle type, and technology.

Electric Motorcycle Market By Range

• Upto 150 km
• More than 150 km 

Electric Motorcycle Market By Battery Capacity

• Upto 4Kwh
• More than 4Kwh

Electric Motorcycle Market By Geography

• China
• India
• ASEAN
• Europe
• North America
• ROW

Electric Motorcycle Market By Price

• Upto $2,500
• More than $2,500

These types of segmentation are most important for classifying electric motorcycles.NiMH has high energy density, compatibility and safety.Li-ion batteries are small, more reliable, high voltage output, faster recharge, temperature tolerant. Comparing the above advantages, different types of battery are used for motorcycles. Li-ion batteries are used most often in electric motorcycles.

IMPACT OF COVID ON ELECTRIC MOTORCYCLE MARKET

In Electric Motorcycle Market, the company has faced the huge disturbance in the production and further development affected due to COVID, as workers and other necessary goods were either not available or not being able to transport to other places.

Automotive sector is one of the most affected sectors as the sales of vehicles was halted in lockdown and in post COVID either people are still not ready to move out or the global economy has been affected and unemployment indirectly led to the decrease in the sale of Motorcycles. The delay in launch of new product disruption in distribution of semi-finished and finished goods also hindered the market growth.

One the American giant 2-Wheeler has announced their introduction in the field of electric motorcycles after the lockdown shows us that now companies who used conventional engines are ready to try and jump in Electric motorcycles as well, as it may be the future of motorcycles.

To boost the investment the Government has started promoting green energy transportation to an extent. The Ministers have started using the electric vehicles and started providing subsidies as well for every new motorcycle (Vehicle) purchased by customers.The government and private companies have started to install charging stations in capital and urban areas in the starting phase.

ELECTRIC MOTORCYCLE MARKETSIZE AND FORECAST  

The electric motorcycle market size of US $ XX Billion in the year of 2023 and forecasted the growth of XX% by the year 2030 and expected the growth rate of almost XX% in the year of 2024-2030.

The sudden increase in the growth rate can be seen because of environmental concern by developing countries and increase in the price of crude oil all over the world.Basically the market is divided into 5 geographical areas, APAC, Europe, LATAM (Latin America), MEA (Middle East countries) and North America.

Li-ion battery type electric motorcycles are showing fastest growth in the sector, because of their low weight, and can store more energy as compared to other types of battery.Now since a high number of different players have started entering in this segment the overall price of electric motorcycles is also decreasing which led to the customer’s inclination and interest toward this market.

Startups and big players are mainly interested in providing the E-motorcycle with a range of 120km initially, which clearly shows that they are trying to attract the metro city and urban customers.The fastest growing market for e-motorcycles is Europe whereas the largest market for E-motorcycles is APAC (Asia-Pacific Countries). Changes in emission norms also acted as the stimuli for E-motorcycles.

One of the American giant Harley Davidson has decided to enter in this segment, they are already famous in world because of their high performance and Quality Motorcycles and they have introduced the LiveWire, an electric motorcycle with traditional style of cruising and break the myth of power in E-motorcycle in people’s mind by providing 105 HP in its body.Companies like Ola, Uber have also interest in this segment and have set up a plant for manufacturing of E-motorcycle and use them for companies profit and future transportation.

ELECTRIC MOTORCYCLEMARKETRECENT LAUNCHES

The Neo's scooter, the first bike in that plan, has been formally launched by Yamaha. It's one of the first all-electric cars from any of the major Japanese brands to reach the European market, but rather than aiming for new heights in terms of range or performance, the Neo's focus is on price.

While this means competing in a market already dominated by a slew of lesser-known Chinese brands, many of which offer even cheaper machines, Yamaha's brand name and accessible dealer network may be just what's needed to inject growth into a segment where sales are outpacing the number of bikes available.

The Neo's comes equipped with a single lithium-ion battery that can be removed and charged; the Neo's is aimed at city dwellers who are unlikely to have access to off-road parking and charging.Unless you have a stash of replacement batteries to swap into the bike as needed, the Neo's isn't going to be a bike for road trips or even all-day delivery riders.

ELECTRIC MOTORCYCLEMARKETCOMPETITIVE LANDSCAPE

ELECTRIC MOTORCYCLEMARKETNEW PRODUCT LAUNCH

With its debut model, the KTM Freeride E-XC, Austrian motorcycle maker KTM has joined the electric motorcycle market. A brushless permanent magnet electric motor powers the dirt bike KTM Freeride E-XC, which is built for off-road use.

It can accelerate riders quickly and strongly thanks to its peak power output of 18 kW and maximum torque of 42 Nm. In accordance with the terrain and riding style, the lithium-ion battery pack and electric motor together offer a riding range of up to 1.5 hours.Using a fast charger, the battery may be completely charged in around an hour and twenty minutes; using a conventional charger, it will take two hours and forty minutes.

A sturdy frame, a resilient suspension system, and a lightweight construction are just a few of the attributes that make the KTM Freeride E-XC ideal for off-road riding.In order to customize the power output and torque distribution to individual tastes and the terrain, it also offers a number of riding modes, including Cross, Enduro, and Economy.

KTM has proven its commitment to sustainable mobility and its readiness to adjust to shifting market trends with the introduction of the KTM Freeride E-XC. For people who are enthusiastic about both motorsports and environmental sustainability, the KTM Freeride E-XC offers riders an eco-friendly and thrilling off-road riding experience.

The electric bikes from Energica were built from the bottom up and feature cutting-edge technology, tremendous power, and outstanding torque. The Ego, the company's flagship model, is a high-performance electric motorbike intended to rival conventional gas-powered sports motorcycles.The Ego is one of the most potent electric bikes available, with an astonishing 145 horsepower and 159 lb-ft of torque. The bike's superior lithium-ion battery technology also gives it a range of up to 124 miles on a single charge.

The Eva model, which is intended for daily usage and commuting, was also introduced by Energica in addition to the Ego. The Eva can go 124 miles on a single charge and has a peak speed of 124 mph. The bike has an innovative regenerative braking system that lessens wear on the brake pads and helps to increase battery life.

For their functionality and aesthetics, Energica's electric bikes have won praise from the industry. With its motorcycles competing in the MotoE World Cup, the firm has also been active in racing. Due to its dedication to electric motorcycle technology and sustainability, Energica is a market leader and is well-positioned to continue expanding the realm of what is practical for electric motorcycles in the decades to come.

The LiveWire ONE electric motorcycle offers a new level of speed and sound, with a city range of over 140 miles* and a combined highway and city range of over 90 miles. The 15.4 kWh battery pack propels the bike from 0 to 100 km/h in 3.0 seconds.

The LiveWire ONE is outfitted with a full suite of modern rider safety aids including as traction control and ABS that use a 6-axis IMU to adapt to a wide range of skill levels and riding styles. The LiveWire ONE comes preloaded with two charging methods: Level 1 for overnight charging and DC Fast Charge for quick charging in as little as 30 minutes in a 20% to 80% charging scenario.Yadea, the world's premier electric two-wheeler company, made its CES debut in Las Vegas, Nevada, showcasing a slew of new items and technologies in its 2023 product launch.

The Keeness VFD model has a 10KW mid-mounted high-performance motor, a top speed of 100km/h, and an acceleration time of 4 seconds from 0 to 50km/h. The battery employs automotive-grade ternary lithium technology and is outfitted with a sophisticated energy recovery electronic control system, which improves power and increases battery life in high-speed electric motorcycles.

The Yadea E150 is a high-performance electric scooter with a top speed of 80km/h and a peak power of 5KW and a peak torque of 160Nm. The Yadea E150, which was on display during the expo, also has Yadea's breakthrough super-fast charging technology, which allows the motorcycle to be charged up to 80% full power in just 20 minutes.Yadea also unveiled a new line of ebikes with high-performance motors and a five-year warranty. The Trooper 01 model has a twin motor drive and rear hub motor technology with max power of 1000W and 750W, respectively, and the Camper model will have the same motor.

Energica Motor Company S.p.A announced the launch of the Energica Experia. Experia, a Green Tourer, delivers on the company's mission of comfort and endurance, as well as being the most nimble and manoeuvrable machine Energica has ever produced, allowing riders to indulge their wanderlust by providing the longest range of any electric motorbike on the market.

Battery Capacity: Max. 22.5 kWh / 19.6 kWh, Nominal charging time: 40 minutes using a Level 3/DC Fast charger, compatible with all charging levels.Maximum power: 75 kW (102 HP), Sustained power: 60 kW (80 HP), 115 Nm (85 pound. ft.) torque.Maximum speed is limited to 180 km/h (112 mph), There are seven riding modes: Eco, Urban, Rain, Sport, and three rider-customizable modes.High, Medium, Low, and Off Traction Control: Six degrees of intervention paired with the existing eABS and the Cornering Bosch 9.3 MP Motor: EMCE Permanent Magnet Assisted Synchronous Reluctance Motor (PMASynRM)

ROAM, a Swedish-Kenyan mobility startup, has released its first production-intent model of electric motorcycles in Africa, intended for both urban and rural terrain. The frame of the motorcycle incorporates a dual battery system that provides 180 km (112 mi) of all-electric range.ROAM's innovative electric motorcycle design allows the battery packs to be readily removed and charged at home, or swapped out at a designated station. Furthermore, with the battery packs still in place, the bike can be recharged at a public charger.

Maximum speed: 90 km/h (56 mph). Vehicle weight (with a single battery): 135 kg (298 lbs), Payload capacity: 220 kg (485 lbs), Charging time: 4 hours (3-pin 600W charger on 240V outlet), 4 driving modes: Eco, Standard, Power, and Sport USB charging port.SUPER73, an American lifestyle adventure brand that specialises in electric motorcycles, has recently announced the debut of their new Adventure Series line of bikes. Every model includes a set of tough SUPER73 GRZLY tyres, an ergonomic performance seat with a gripping vinyl finish for added comfort, a headlight and rear light, fenders, and battery relocation on S and R models for greater balance.

Furthermore, all SUPER73 Adventure Series bikes include an eight-speed cassette as standard. SUPER73 has outperformed anything else on the market by charging from 10% to 80% in just 15 minutes, providing riders over 70 miles of range.CAKE introduces the Bukk platform, which is a customisable version of the Limited Edition Bukk electric off-road vehicle. With its electric engine, strong aluminium frame, and custom CAKE components, it has an interesting power-to-weight ratio; it is the lightest at 89 kilos/195 lbs.The new "Jante" IPM (Internal Permanent Magnet) motor has a max capacity of 16 kW, and the fast switch 72V battery generates 456 Nm of torque enabling swift acceleration from 0-45 km/h in 2.15 seconds.

ELECTRIC MOTORCYCLEMARKETKEY PLAYERS

ELECTRIC MOTORCYCLE MARKETREPORT WILL ANSWER FOLLOWING QUESTIONS

1. Electric Motorcycle Market size and Forecast, by region, by application
2. Average B-2-B price for Electric Motorcycle Market, by region, per user
3. Technology trends and related opportunity for new Electric Motorcycle Market tech suppliers
4. Electric Motorcycle Market share of leading vendors, by region,
5. How does the adoption of electric motorcycles vary by region, and what are the factors influencing regional market dynamics?
6. What are the key components and technologies that make up an electric motorcycle, and how do they impact performance and range?
7. What are the different types of electric motorcycles available in the market, including e-scooters, e-bikes, and e-mopeds, and how do they cater to different consumer segments?
8. What are the main drivers and challenges affecting the growth of the global electric motorcycle market, including regulatory, environmental, and consumer trends?
9. How do advancements in battery technology impact the design and range of electric motorcycles, and how are manufacturers optimizing battery performance?
10. What role does charging infrastructure play in the adoption of electric motorcycles, and how are governments and companies addressing this challenge?
11. How are electric motorcycles contributing to the growth of the micromobility and last-mile transportation markets in urban areas?
12. What is the significance of motor power output (wattage) in determining the speed and performance of electric motorcycles, and how are manufacturers optimizing motor performance?
13. How do electric motorcycles fit into the broader ecosystem of electric vehicles (EVs), including shared mobility services and vehicle-to-grid (V2G) applications?
14. What is the competitive landscape of the global electric motorcycle market, and who are the major players and innovators in this space?
15. What are the pricing dynamics of electric motorcycles, and how do cost considerations impact market adoption and consumer choices?
16. How are governments and regulatory bodies promoting the use of electric motorcycles through incentives, subsidies, and emissions regulations?