Global Electric Motorcycle Market 2022-2027

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    GLOBAL ELECTRIC MOTORCYCLE MARKET 

     

    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.

     

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    Electric Motorcycles are not a new concept, the patent and its research was already taking place independently by different inventors in the late 19th 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.

     

    GLOBAL ELECTRIC MOTORCYCLE MARKET DYNAMICS

     

    SI No Timeline Company Developments
    1 December 2021 Uber Uber has partnered with Opibus in order to deploy over 3,000 electric motorcycles in Africa by 2022.
    2 November 2021 Norton Motorcycles Norton Motorcycles has opened a new global headquarters in the West Midlands, UK.
    3 October 2021 Volcon Volcon, the Texas-based manufacturer of Grunt electric motorcycles, has announced their plans for global expansion.
    4 September 2021 Hero Electric Hero Electric is set to increase their production capacity at the Ludhiana plant in order to deliver over 5 lakhs units by March 2022. 
    5 August 2021 Hero Electric Hero Electric has partnered with Bykemania in order to deliver 5,000 electric two-wheelers over the next few years.
    6 June 2021 Arcimoto Arcimoto and Lightning Motorcycles have been partnered to build the fastest tilting 3-wheeled motorcycle. 
    7 May 2021 TVS Motor Company TVS Motor Company has expanded its presence in Iraq by inaugurating a new marquee showroom in Baghdad.

     

    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).

     

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    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.

     

    GLOBAL ELECTRIC MOTORCYCLE MARKET SEGMENTATION

     

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

     

    Electric Motorcycle Market By vehicle Type

    • Electric Scooter/Moped
    • Electric Motorcycle

     

    Electric Motorcycle Market By Technology

    • Plug-in
    • Battery

     

    Electric Motorcycle Market By Range

    • Below 120 km
    • Between 120 – 160 km
    • Above 160 km

     

    Electric Motorcycle Market By Battery

    • Lithium-ion (Li-ion)
    • Lead-acid
    • Nickel metal hydride (NiMH)

     

    Electric Motorcycle Market By Voltage

    • Below 24 Volt
    • 24 – 48 Volt
    • Above 60 Volt

     

    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.

     

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    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 MARKET SIZE AND FORECAST  

    The electric motorcycle market size of US $ XX Billion in the year of 2019 and forecasted the growth of XX% by the year 2019 and expected the growth rate of almost XX% in the year of 2021-2026. 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.

     

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    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.

     

    RECENT LAUNCHES IN THE GLOBAL ELECTRIC MOTORCYCLE MARKET

    SI No Timeline Company Recent Launches
    1 December 2021 Damon Motorcycles Damon motorcycles has decided to bring its electric bikes to Europe in 2022.
    2 November 2021 RGNT Motorcycles RGNT Motorcycles has launched the new RGNT No 1 Classic electric bike with the specifications of 11kW peak power and uses 7.7kWh battery.
    3 November 2021 Soriano Motori Soriano Motori has revealed the new Giaguaro electric superbike and it is expected to come in two versions – V1S and V1R. The power output is at 60kW and it ranges upto 112 miles on a single charge.
    4 Johammer Johammer has released the J1 Electric Motorcycle which has a Li-ion battery made by Johammer with a range of 150 km per charge. 
    5 September 2021 EMGo Technology A Ukrainian tech startup EMGo Technology has revealed the Rugged ScrAmper Electric Motorcycle.
    6 September 2021 Verge TS Verge TS Motorcycle has opened the pre order for the new Hubless Electric model, RMK E2. 
    7 September 2021 Expannia Miami-based EV startup Expannia has revealed the new electric motorcycle concept with a range of 93-mile and a top-speed of 75-mph.
    8 July 2021 Ultraviolett An India-based electric mobility startup company has launched the new F77 electric motorcycle and it is said to reach 0 to 60 miles per hour in just 7.7 seconds.
    9 July 2021 Revolt Revolt Intellicorp, an Indian startup for manufacturing electric motorcycles has launched the new model in the form of RV1 soon.
    10 July 2021 Solid EV Rides Solid EV Rides, a Netherlands based EV startup has revealed the production of CRS-01 Electric Motorcycle.
    11 July 2021 Energica Energica has launched the new electric motorcycle Ego with a 21.5 kWh battery and it reaches 0-100 in 2.6 seconds.
    12 June 2021 Dayi Motors Dayi Motors has revealed the new E-Odin Electric Motorcycle with a 72V 100Ah lithium battery which powers a 6000W brushless motor.
    13 May 2021 Voge Voge has revealed its ER-10 electric motorcycle concept which has a 60V and 6 kW motor and it achieves a top speed of 62-mph.
    14 February 2021 Earth Energy A Mumbai- based electric motorcycle startup has launched the three new Electric motorcycles in India viz Earth Energy Evolve R, Earth Energy Evolve Z and Earth Energy Glyde +. 

     

    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.

     

     

    COMPETITIVE LANDSCAPE

    SI No Timeline Company Updates
    1 Q3-2021 Harley-Davidson At the end of the third quarter the revenue of Harley-Davidson was $1.36 billion and in 2020 the revenue was $1.16 billion.
    2 H1-2021 Energica Motor Company At the end of the half year the revenue of Energica Motor Company was €6.1 million and in the previous year the revenue was €2.6 million.
    3 Q2-2021 TVS Motor Company Limited The second quarter ended in June had a revenue of Rs 3,934 crores and in 2020 the revenue was Rs 1,434 crores.
    4 January 2021 Tazzari EV Tazzari EV has completed the acquisition of Italian Volt Electric Motorcycles in order to expect more new electric motorcycles.

     

     

    KEY PLAYERS IN ELECTRIC MOTORCYCLE MARKET

                                                                                 

    S.No Name of Company Established, HQ Specialty
    1 Zero Motorcycles Inc. 2005, America Variant and high performance e-motorcycle
    2 Johammer e-mobility GmbH 2012, Austria Unique Design and advanced Technology e-motorcycle
    3 Hero Electric 1956, India Low price, Quality e-motorcycle
    4 Harley Davidson 1903, Wisconsin, USA High Class Luxury e-motorcycle
    5 Mahindra GenZe 2013, California, USA Low price, Quality e-motorcycle
    6 Yadea Technology Group  Co. Ltd. 2010, China Variant and Low cost e-motorcycle
    7 TVS 1978, Chennai Low price high Quality e-motorcycle
    8 Energica Motor Company S.p.A. 2014, Italy High performance electric motorcycle

     

    THIS ELECTRIC MOTORCYCLE MARKET REPORT 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.  Coronavirus impact on Electric Motorcycle Market earnings
    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2022-2027
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027
    19 Market Segmentation, Dynamics and Forecast by Application, 2022-2027
    20 Market Segmentation, Dynamics and Forecast by End use, 2022-2027
    21 Product installation rate by OEM, 2022
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2022
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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