Electric Motorcycle Market Top Key Players - Zero Motorcycles Inc., Johammer e-mobility GmbH, Hero Electric, Harley Davidson, Mahindra GenZe, Yadea Technology Group Co. Ltd., TVS, Energica Motor Company S.p.A.
The electric motorcycle market size of US $ XX Billion in the year of 2019 and forecasted the growth of XX% by the year 2019 and expected the growth rate of almost XX% in the year of 2021-2026. The sudden increase in the growth rate can be seen because of environmental concern by developing countries and increase in the price of crude oil all over the world.An electric motorcycle is a two-wheeled or tricycle that uses electrical energy to propel mass from one place to another. Electrical energy is converted to mechanical energy using motors that are directly or indirectly connected to the wheel hub.
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GLOBAL ELECTRIC MOTORCYCLE MARKET DYNAMICS
• The global market for the electric bike sector, like SeeSaw, is working hard for government and individual players to promote and advertise the benefits of using electric bikes. This will help promote a sustainable environment and reduce the country's carbon dioxide emissions. The government is promoting startups focused on developing battery technology (to increase vehicle range and performance).
• Some important points affecting the market are range, performance, price, availability, comfort, environment, choice, power, lack of charging infrastructure, materials used to manufacture batteries, electric bike people Lack of awareness, taxes and discounts. Eco cars, etc.
IMPACT OF COVID ON ELECTRIC MOTORCYCLE MARKET
• In the case of electric motorcycles, the company has a huge hindrance to production and additional development due to COVID, and it is not possible to obtain workers or other necessary items, or to transport them to another location.
• The Automotive sector has been closed for vehicle sales and is one of the most affected sectors since Corona Bike. The delay in the launch of new products and the hindrance to the distribution of finished products also hindered the growth of the market.
GLOBAL ELECTRIC MOTORCYCLE MARKET SEGMENTATION
Electric Vehicles are classified in different types like range, voltage, battery type, vehicle type, technology.
By vehicle Type
• Electric Scooter/Moped
• Electric Motorcycle
By Technology
• Plug-in
• Battery
By Range
• Below 120 km
• Between 120 – 160 km
• Above 160 km
By Battery
• Lithium-ion (Li-ion)
• Lead-acid
• Nickel metal hydride (NiMH)
By Voltage
• Below 24 Volt
• 24 – 48 Volt
• Above 60 Volt
KEY PLAYERS INELECTRIC MOTORCYCLE MARKET
• Zero Motorcycles Inc.
• Johammer e-mobility GmbH
• Hero Electric
• Harley Davidson
• Mahindra GenZe
• Yadea Technology Group Co. Ltd.
• TVS
• Energica Motor Company S.p.A.
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