Industry Background:
Premium electric motorcycles usually come with two types of cost benefits including no maintenance over time and a more stable energy source price, due to these factors people can prefer to buy electric motorcycles and drive the global premium electric motorcycle market demand. For instance, recently, electric bikes have become a great option for many commuters and those who just want to have fun riding a battery-powered motorcycle. Government initiatives on zero-emission motorcycles can create opportunities for the industry verticals.This growth is primarily driven by Raising Awareness about Environment Coupled with Robust Demand for Electric Motorcycles and Various Countries and Governments over the Globe have Developed Frameworks and Implemented Laws to Promote the Ownership of Electric Motorcycles.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies in Study | Energica Motor Company (Italy), Zero Motorcycles (United States), Honda Motor Company (Japan), Lightning Motorcycle (United States), KTM (Austria), TACITA SRL (Italy), Evoke Motorcycles (China), Arc Vehicle (United Kingdom), Hadin Motorcycle Co., Limited. (United States) and Emflux Motors (India) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Globally, a noticeable market trend is evident Introduction and Popularity of Premium Electric Motorcycles
. Major Vendors, such as Energica Motor Company (Italy), Zero Motorcycles (United States), Honda Motor Company (Japan), Lightning Motorcycle (United States), KTM (Austria), TACITA SRL (Italy), Evoke Motorcycles (China), Arc Vehicle (United Kingdom), Hadin Motorcycle Co., Limited. (United States) and Emflux Motors (India) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 28 January 2022, TVS Motor Company announced the acquisition of a 75% stake in the Swiss E-Mobility Group (SEMG). This acquisition furthers TVS Motor's commitment to e-personal mobility products. The acquisition helps to strengthen TVS presence in the rapidly growing e-bikes segment as well as enhance the product range further and scale the company in the DACH region and beyond.
On 28th March 2022, Ideanomics acquired a 70% ownership stake in Energica. With this transaction, Ideanomics strategies to enhance Energica's go-to-market model, invest in new products and improve its distribution capabilities with a goal of doubling its United States dealer network by the end of 2022. The acquisition of more authorized Energica dealers and other retail points in the United States can help to drive consumer brand awareness and increase market share for the most advanced zero-emission motorcycles on the market.
Market Drivers
- Raising Awareness about Environment Coupled with Robust Demand for Electric Motorcycles
- Various Countries and Governments over the Globe have Developed Frameworks and Implemented Laws to Promote the Ownership of Electric Motorcycles
Market Trend
- Introduction and Popularity of Premium Electric Motorcycles
- Rapidly Accelerating Demand for Newer Mobility Solutions
Restraints
- Limited Charging Infrastructure can Deters Electric Vehicles Buyers in Developing Countries
- High Cost Associated with the Premium Electric Motorcycles than Standard Electric Motorcycles
Opportunities
High Demand for the Premium Electric Motorcycles due to the Relentlessly Evolving Technology Behind it and Number of Manufacturers Dabble in the Electric Motorcycles
Challenges
Premium, Modern Electric Motorcycles have an Unimpressive Top Speed
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Premium Electric Motorcycle Study Sheds Light on
The Premium Electric Motorcycle Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Premium Electric Motorcycle industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Premium Electric Motorcycle industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.
Frequently Asked Questions (FAQ):
1. What are the years considered in the Premium Electric Motorcycle Market?Historical year: 2017-2021; Base year: 2021; Forecast period: 2022 to 2027
2. Who are the key players profiled in the Premium Electric Motorcycle Market?Companies that are profiled in Global Premium Electric Motorcycle Market are Energica Motor Company (Italy), Zero Motorcycles (United States), Honda Motor Company (Japan), Lightning Motorcycle (United States), KTM (Austria), TACITA SRL (Italy), Evoke Motorcycles (China), Arc Vehicle (United Kingdom), Hadin Motorcycle Co., Limited. (United States) and Emflux Motors (India) etc.