Electric Motorcycle Market Analysis 2025-2029

The electric motorcycle market is forecast to grow by USD 317.1 billion at a CAGR of 36.1% from 2024 to 2029, driven by a surge in demand for sustainable transportation and a focus on reducing urban pollution. As cities face growing traffic congestion and air pollution, electric motorcycles offer an eco-friendly alternative to gasoline-powered vehicles. Key trends include the integration of the Internet of Things (IoT) and smart infrastructure in charging stations for better load management, fueling the demand for electric motorcycles, scooters, and bicycles

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Market Segmentation:

By Type:

• Sealed Lead Acid
• Lithium-ion

By Technology:

• Removable
• Non-removable

Regional Market

• APAC: China, India, and Japan lead the region, with China holding the largest market share.

  • China
  • India
  • Japan

• Europe: Germany, the UK, and France are key contributors to market growth.

  • Germany
  • UK
  • France

• North America: The U.S. and Canada are driving market expansion in the region.

  • Canada
  • US

• Middle East & Africa: Growth is emerging with increasing interest in electric vehicles.

• South America: Brazil is the primary market in this region.

  • Brazil

Market Dynamics:

Drivers:

The electric motorcycle market is experiencing significant growth due to increased concerns about carbon emissions and rising fossil fuel prices. As electric motorcycles produce zero emissions, startups are innovating to offer eco-friendly alternatives to traditional motorcycles. Charging station ecosystems are expanding, with advancements in battery management technologies, telematics, and cellular connectivity supporting the growing number of electric motorcycles. Governmental incentives in countries like India are further boosting market growth.

Trends:

The use of IoT and smart infrastructure in electric motorcycle charging stations is a major trend. This technology aids in load management, which is crucial as more motorcycles plug into charging stations. The popularity of lithium-ion batteries continues to rise due to their higher energy density and longer life cycle compared to lead-acid batteries. Governments are implementing policies to promote electric mobility, further driving the shift toward electric motorcycles.

Challenges:

The high cost of electric motorcycles remains a major barrier to adoption. Despite their advantages, such as zero emissions and lower operating costs, the upfront price remains a hurdle for many consumers. However, advancements in battery technology and government incentives are expected to make these motorcycles more affordable over time. The market is also dealing with the need for a well-established charging infrastructure to support the growing number of electric motorcycles.

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Key Players:

• Bayerische Motoren Werke AG
• Askoll EVA S.p.A.
• 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
• TAILG Technology Group
• TORROT ELECTRIC EUROPA S.A.
• VERGE Motorcycles OU
• Vmoto Ltd.
• Volkswagen AG
• Z Electric Vehicle Corp.
• Zapp Electric Vehicles Ltd.
• Zero Motorcycles Inc.

Recent Developments:

• December 2024: Harley-Davidson introduced a new electric motorcycle model under its LiveWire brand, featuring extended battery range and faster charging capabilities.
• November 2024: Zero Motorcycles launched an upgraded version of its SR/F electric motorcycle, enhancing performance with a more powerful motor and regenerative braking.
• October 2024: BMW Motorrad unveiled a new electric scooter designed for urban commuters.
• September 2024: Ather Energy entered the U.S. market with its Ather 450X electric scooter, marking the company’s global expansion.