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Electric Motorcycle Market Share

Report ID: GMI8034
Published Date: Feb 2024
Report Format: PDF

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Electric Motorcycle Market Share

BMW and Zero Motorcycle hold a significant market share of over 15% in the electric motorcycle industry. Players in the electric motorcycle industry employ several key strategies to fortify their positions. Many focus on research and development, investing heavily in advancing battery technologies, enhancing performance, and extending range to address consumer concerns. Strategic partnerships and collaborations, as seen in alliances between traditional motorcycle manufacturers and electric startups, facilitate technology exchange and market expansion.

Leveraging government incentives and subsidies for electric vehicles is another common tactic, encouraging adoption through cost benefits. Additionally, creating a robust charging infrastructure and offering innovative financial models, such as battery leasing, helps alleviate range anxiety and makes electric motorcycles more accessible. Effective marketing campaigns emphasizing sustainability and environmental benefits also play a pivotal role in shaping consumer perceptions and driving market growth.

Electric Motorcycle Market Companies

Major companies operating in the electric motorcycle industry are:

Arc Vector
BMW
Emflux Motors
Energica Motor
Evoke Motorcycles
Fuell Fllow
Harley -Davidson
Honda
Kawasaki
Savic Motorcycles
Suzuki
Tacita Motorcycles
Tarform Luna
Verge
Zero Motorcycle

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of electric motorcycle reached USD 11.3 billion in 2023 and is set to witness 3.5% CAGR from 2024 to 2032, owing to the growing concerns about climate change and environmental degradation that have increased awareness the impact of traditional IC engine vehicles.

In 2023, the sport segment accounted for a market share of over 45% and will grow significantly through 2032, propelled by innovation and sustainability in the automotive industry.

Asia Pacific market was over 94% of the revenue share in 2023, owing to the stringent environmental policies and a growing awareness of sustainability, that have prompted a shift towards cleaner transportation solutions.

Arc Vector, BMW, Emflux Motors, Energica Motor, Evoke Motorcycles, Fuell Fllow, Harley -Davidson, Honda, Kawasaki, Savic Motorcycles, Suzuki, Tacita Motorcycles, Tarform Luna, Verge, and Zero Motorcycle.