Electric Motorcycle Market to grow by USD 109.78 billion from 2022 to 2027- Technavio

NEW YORK, Nov. 14, 2023 /PRNewswire/ -- The electric motorcycle market is estimated to grow by USD 109.78 billion from 2022 to 2027, growing at a CAGR of 24.05%. The electric motorcycle market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer electric motorcycle market are Askoll EVA S.p.A., Bayerische Motoren Werke AG, Dongguan Tailing Electric Vehicle Co. Ltd., Evoke Electric Motorcycles HK Ltd, Hangzhou Qiulong Technology Co. Ltd., Harley Davidson Inc., Horwinglobal, Ideanomics Inc., Lightning Motors Corp, One Electric, OX RIDERS ELECTRIC SL, Pierer Industrie AG, RattanIndia Enterprises Ltd., TORROT ELECTRIC EUROPA S.A., Vmoto Ltd., Volkswagen AG, Zapp Electric Vehicles Ltd., Zero Motorcycles Inc., VERGE Motorcycles OU, and Z Electric Vehicle Corp. The report provides a full list of key companies, their strategies, and the latest developments. Download a Sample before buying

Company Offering:

• Bayerische Motoren Werke AG - The company offers electric motorcycles such as BMW Motorrad Definition CE 04.
• Dongguan Tailing Electric Vehicle Co. - The company offers electric motorcycles such as FENGYING, TDOH23, and FGYY-5000.
• Harley Davidson Inc. - The company offers electric motorcycles such as LiveWire ONE
• For details on companies and their offerings – Buy the report!

By Geography, the market is classified as APAC, Europe, North America, Middle East and Africa, and South America. APAC will have the largest share of the market

·         APAC is estimated to account for 34% of the global market growth during the forecast period. The APAC region is rapidly becoming a significant contributor to the global electric motorcycle market, with countries like China, India, and Japan taking the lead in driving market growth. China, with its large population and government support for electric vehicles, commands the largest market share, with electric motorcycle sales in 2022 expected to surpass 1.28 million units.

Download a sample report to get more insights on the market share of various regions and the contribution of the segments.

• Impactful driver- Increase in demand for electric motorcycles
• Key Trend - Use of Internet of Things (IoT) and smart infrastructure in electric motorcycle charging stations for load management
• Major Challenges - The high cost of electric motorcycles

 Market Segmentation

• The market share growth by the sealed lead acid segment will be significant during the forecast period. Electric motorcycles commonly employ sealed lead-acid (SLA) batteries, which come enclosed in a durable plastic casing to prevent acid leakage, ensuring a high degree of maneuverability for motorcycles without the worry of battery leakage. In contrast to lithium-ion batteries, SLA batteries are a more cost-effective option, making them a budget-friendly choice for motorcycle manufacturers. 

Technavio Research experts have provided more insights on the market share of segments - View a Sample Report

Related Reports:

The high-performance electric motorcycle market size is estimated to grow at a CAGR of 9.65% between 2022 and 2027. The market size is forecast to increase by USD 11,334.34 million. 

The two-wheeler electronic control unit (ECU) market size is estimated to grow at a CAGR of 5.05% between 2022 and 2027. The market size is forecast to increase by USD 19.23 billion. 

TOC:

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 Technology

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio

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