About Electric Motorcycle
Electric Motorcycle are vehicles work on electric energy equipped with rechargeable battery. They are two wheelers or three wheelers. There are different type of electric motorcycle such as standard, cruiser, touring, sports, among others. Theses motorcycle equipped with different batteries namely lead acid, lithium-ion, nickel metal hybrid, among others. Increasing demand for electric motorcycle because it give similar mileage with lesser price compare to petrol motorcycle give drive to the electric motorcycle market
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Electric motorcycle market is a fragmented market due to the presence of various players. The players are focusing on increasing their manufacturing capacity and are offering competitive prices to gain high market share and establish their position in the market. Further, companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Zero Motorcycles Inc. (United States), Energica Motor Company (Italy), Lightning Motorcycle (United States), Alta Motors., Ltd. (United States), KTM (Austria), BMW AG (Germany), Arcimoto (United States), Victory Motorcycles (United States), Tacita (Italy) and Cake (Sweden) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Mahindra Genzel (United States), Evoke Motorcycles (China), Kymco (Taiwan), Emflux Motors (India), Johammer (Austria) and Others.
AMA Research has segmented the market of Global Electric Motorcycle market by Type (Standard, Cruiser, Touring, Sports and Others), Application (Private and Commercial) and Region.
On the basis of geography, the market of Electric Motorcycle has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Plug-In will boost the Electric Motorcycle market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Voltage, the sub-segment i.e. 36V will boost the Electric Motorcycle market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Battery , the sub-segment i.e. Lead Acid will boost the Electric Motorcycle market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distance, the sub-segment i.e. Below 75 Miles will boost the Electric Motorcycle market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Vehicle Class, the sub-segment i.e. Economy will boost the Electric Motorcycle market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Increasing Demand for Electric Motorcycle as Eco-Friendly Vehicle
Market Growth Drivers:
Increasing Demand for Electric Motorcycle because it Give Similar Mileage with Lesser Price Compare to Petrol Motorcycle, Rising Demand for Electric Motorcycle because it Give Instant Torque and Power and Growing Demand Electric Motorcycle Required Less Maintenance
Lack of Charging Infrastructure for Electric Motorcycle and High in Cost
Lack of Awareness in Users for Electric Motorcycle
Increasing Technical Advancement in Electrical Motorcycle Ergonomics
Market Leaders and their expansionary development strategies
In January 2021, Arcimoto Inc. acquired Tilting Motor Works. Arcimoto is developer and manufacturer of ultra-efficient and affordable electric vehicle. This acquisition helped Arcimoto Inc. to expand and strengthened its position in electric motorcycle market
In March 2023, Zero Motorcycles partnered with Integrated Micro-Electronics Inc. (IMI). Under this partnership IMI assembled Zero Motorcycles electric motorcycle model and other motorcycle sub-assemblies in Laguna, Philippines. This partnership helped Zero Motorcycles to expand their presence in electric motorcycle market
Key Target AudienceElectric Motorcycle Manufacturers, Government Bodies, Regulatory Bodies, Potential Investors, Research and Development Institutes and End Users
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.