Latest News- High-Performance Electric Motorcycle Market: Street is expected to lead the Type segment during 2025-2029

The High-Performance Electric Motorcycle Market is being driven by Technological advances in high-performance electric motorcycles

The High-Performance Electric Motorcycle Market is expected to grow at a CAGR of 11.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 16424.1 million. 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, with electric vehicles, including motorcycles, gaining popularity as an eco-friendly alternative to traditional fuel-powered vehicles. High-performance motorcycles, popular for long-distance touring and racing, are now transitioning to electric powertrains. Notable motorcycle racing events, such as Moto GP, SuperBike Racing, Super Sport Racing, and Moto Cross, are embracing this shift by introducing electric series, like MotoE, to promote the adoption of electric motorcycles in the competitive racing scene. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Street
  • Off-road
• Battery Type
  • Lithium-ion
  • Sealed lead acid
• Channel
  • OEMs
  • Aftermarket
• Geography
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • North America
    • Canada
    • US
  • APAC
    • China
    • India
    • Japan
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Technological advances in high-performance electric motorcycles
• Growing government support for adoption of EVs
• Declining prices of Li-ion batteries

However, the market also witnesses some limitations, which are as follows:

• High cost of high-performance electric motorcycles
• Limited availability of charging infrastructure
• Demand for EV batteries with long-range, fast-charging, and long-lifespan capabilities

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Market Scope in High-Performance Electric Motorcycle Market Research Report

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Research Analysis Overview

The High-Performance Electric Motorcycle Market is experiencing significant growth, driven by advancements in electric motor efficiency and the integration of technology. Key trends include battery recycling, autonomous motorcycles, connected motorcycles, motorcycle telematics, financing, leasing, sharing, fleet management, data analytics, user experience, software, apps, connectivity, navigation, security, maintenance, repair, parts, components, supply chain, production cost, marketing, advertising, brand loyalty, community, culture, and history. Design trends are shaping the future of motorcycles with a focus on sustainability, performance, and user convenience.

Market Research Overview

The high-performance electric motorcycle market is a segment of the larger global motorcycle manufacturers market, which encompasses businesses producing motorcycles, scooters, trikes, and three-wheelers. According to Technavio, the market size is determined by the consolidated revenue generated by these manufacturers. Factors driving the expansion of the global motorcycle manufacturers market include the rising demand for two-wheelers in the Asia-Pacific region (APAC), which accounts for over 60% of global sales, with India, China, Indonesia, and Thailand accounting for over 75% of APAC sales. The increasing preference for electric motorcycles, with their extended battery ranges and advanced charging infrastructure, is also contributing to the market's growth. The electric motor's superior performance and top speed further bolster the market's potential.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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