Latest News: High-Performance Electric Motorcycle Market 2024-2028: Europe Driving Growth and Innovation

Technavio, a leading provider of market research reports, has released its latest study on High-Performance Electric Motorcycle Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges. The global market for high-performance electric motorcycles is experiencing significant growth due to the increasing demand for sustainable mobility solutions. Sustainability is a key business priority as governments and consumers seek to reduce carbon emissions and promote eco-friendly transportation. High-performance motorcycles, popular for long-distance touring and racing, are now transitioning to electric powertrains. This initiative underscores the industry's commitment to advancing electric mobility technology and reducing the carbon footprint of motor sports. Other racing events, such as SuperBike Racing, Super Sport Racing, and Moto Cross, are also exploring electric options, further propelling the market forward.

Key Highlights

Growth Projections

The global high-performance electric motorcycle market  size is estimated to grow by USD 12.86 bn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 9.97% during the forecast period. Technological advances in high-performance electric motorcycles is driving market growth, with a trend towards emerging trend of all-electric motorcycle racing  However, high cost of high-performance electric motorcycles poses a challenge. Key companies include ARC Vehicle Ltd, Bayerische Motoren Werke AG, Bell Custom Cycles, Curtiss Motorcycle Co. Inc., Ducati Motor Holding Spa, Emflux Motors, Evoke Electric Motorcycles HK Ltd, Harley Davidson Inc., Ideanomics Inc., Johammer e mobility GmbH, Kawasaki Heavy Industries Ltd., Lightning Motors Corp, PIERER Mobility AG, Sarolea Manx Ltd., Savic Motorcycles Pty Ltd., Songuo Motors Co. Ltd., SUNRA, TACITA SRL, Thor Industries Inc., Triumph Motorcycles, VERGE Motorcycles OU, Yadea Group Holdings Ltd, Z Electric Vehicle Corp., Zero Motorcycles Inc., and Zhejiang Luyuan Electric Vehicle Co. Ltd.

Know what is trending in the market - Access a free sample report! 

Major Findings

• The high-performance electric motorcycle market is witnessing significant technological advancements, revolutionizing the motorcycling industry. Innovations in battery technology, motor design, and power electronics are propelling the sector forward, delivering superior acceleration, longer ranges, and reduced emissions. These developments are attracting environmentally-conscious consumers and performance enthusiasts alike, setting the stage for a thrilling and sustainable future in motorcycling.


• The High-Performance Electric Motorcycle Market is experiencing significant growth due in part to increasing government support for the adoption of electric vehicles (EVs). Governments worldwide are implementing policies and incentives to encourage the transition to sustainable transportation solutions. This trend is particularly noticeable in the motorcycle sector, as manufacturers respond to consumer demand for high-performance, eco-friendly alternatives to traditional gasoline-powered motorcycles. As a result, the high-performance electric motorcycle market is poised for substantial expansion in the coming years.


• The high-performance electric motorcycle market is characterized by the premium pricing of these advanced two-wheelers. The high cost is primarily attributed to the sophisticated technology and components used in manufacturing these motorcycles, including high-capacity batteries, powerful electric motors, and advanced control systems. These features enable high-performance electric motorcycles to deliver impressive acceleration, top speed, and extended riding range, making them an attractive option for discerning riders. However, the high upfront cost may limit their widespread adoption among the mass market.


• The high-performance electric motorcycle market faces a significant challenge due to the limited availability of charging infrastructure. This issue hinders the widespread adoption of these vehicles, as consumers are reluctant to invest in electric motorcycles if they cannot reliably charge them. The lack of charging stations, particularly in rural areas and long-distance travel routes, presents a major obstacle for the growth of this market. To address this challenge, collaborative efforts between governments, private companies, and motorcycle manufacturers are essential to expand the charging infrastructure network and increase consumer confidence in electric motorcycles.

Market Research Overview

According to Technavio, the global high-performance electric motorcycle market is a segment of the broader global motorcycle market, which is itself a constituent of the larger automobile industry. The motorcycle market encompasses businesses involved in the manufacturing of various product lines, including motorcycles, scooters, trikes, and three-wheelers. The market size for motorcycles is determined by Technavio based on the consolidated revenue generated by motorcycle manufacturers. Key growth drivers for the global motorcycle market include the escalating demand for two-wheelers in Asia Pacific (APAC), with APAC accounting for over 60% of global motorcycle sales and countries such as India, China, Indonesia, and Thailand contributing over 75% of sales within the region.

The High-Performance Electric Motorcycle Market is experiencing significant growth, fueled by the Technological advances in high-performance electric motorcycles. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

For insights on company offerings- Request a sample report!

Regional Insights

The European high-performance electric motorcycle market is primarily driven by Western European nations, including Germany, France, and Italy. Governmental backing, in the form of subsidies and incentives, significantly contributes to the market's growth in these countries. For instance, the German government exempts electric vehicles from the annual road tax for the first ten years following registration. Similarly, the French government offers incentives based on motorcycle exhaust emissions, ranging from $2,000 to $7,500. These initiatives foster a favorable business environment for high-performance electric motorcycle manufacturers and suppliers in Europe.

Research Analysis Overview

The High-Performance Electric Motorcycle Market is experiencing significant growth due to various factors, including the need for energy security, increasing fuel prices, and the desire to reduce tailpipe emissions. Charging infrastructure and battery longevity are critical concerns for consumers, with charging efficiency and energy density being key areas of focus for manufacturers. The energy security and environmental benefits of electric motorcycles make them an attractive zero-emission alternative to gasoline-powered automobiles and scooters. Demand drivers for the market include the increasing popularity of electric cars and the expansion of public transport systems. Advanced technologies such as driver assistance, active safety systems, machine learning, and battery-swapping are also driving demand. However, challenges such as range anxiety, supply chain disruptions due to lockdowns, and the high cost of batteries, particularly those with high energy density, are limiting market growth. Leading players in the market include Hero Electric, which offers a range of electric two-wheelers using lead-acid batteries. The company aims to address range anxiety by introducing battery-swapping stations. As the market matures, it is expected to become a significant player in the transportation sector, reducing reliance on petroleum and contributing to lower emission levels.

About Technavio                                                                        

Technavio is a global market research company offering comprehensive reports and insights on various industries. Our research helps businesses make informed decisions by providing actionable data and trends. Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions. Technavio is one of the most influential market research and advisory firms in the world. We work with business and technology leaders to provide cutting-edge market research and insights to companies. 

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/