The global electric motorcycle market is expected to witness a remarkable CAGR in the years to come. This could be credited to the fact that out of the population worldwide (which is expected to cross 8 billion by 2030), around 90% is dominated by emerging economies. These statistics are stated by “World Population Prospects: The 2017 Revision”. The emerging economies prefer two-wheelers as compared to four-wheelers due to traffic congestion and being pocket friendly. These are the factors principally driving the market in the near future.
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Asia Pacific is expected to take the electric motorcycle market by storm by 2024. This could be attributed to India exceeding China with respect to population same time around. As per NCAER (National Council of Applied Economic Research) low-income class does dominate more than 80% of Indian households. This factor will basically propel the demand for electric motorcycles (low-income class could best afford two-wheelers).
The other factor bolstering the market is strict regulations imposed by various governments with regards to environment. Electric motorcycles curb air pollution as emission of carbon monoxide and Sulphur dioxide is out of question.
The electric motorcycle market is segmented based on type of battery, technology, and geography. By type of battery, the segmentation goes like lithium-ion (Li-ion) and sealed lead acid (SLA). By type of technology, the market comprises battery operated and plug-in. By geography, the market says North America, LATAM, Europe, Asia Pacific, and MEA.
The players contributing to the electric motorcycle market include Yadea Technology Group Co. Ltd.; Zhejiang Luyuan Electric Vehicle Co. Ltd.; Jiangsu Xinri E-Vehicle Co.ltd.; AIMA Technology Co.ltd.; and Dongguan Tailing Electric Vehicle Co. Ltd. All of them have their headquarters in China. They account for more than one-third of the total revenue. The other players having good regional presence include Mahindra GenZe, BMW AG, Energica Motor Company S.p.A, Hero Electric Vehicles Pvt.Ltd., Vmoto Limited, Ampere Vehicles Pvt.Ltd.; and GOVECS AG.
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The global Electric Motorcycle market was valued at $XX million in 2018, and Radiant Insights analysts predict the global market size will reach $XX million by the end of 2028, growing at a CAGR of XX% between 2018 and 2028.
This report provides detailed historical analysis of global market for Electric Motorcycle from 2013-2018 and provides extensive market forecasts from 2019-2028 by region/country and subsectors. It covers the sales volume, price, revenue, gross margin, historical growth and future perspectives in the Electric Motorcycle market.
Leading players of Electric Motorcycle including:
• 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