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 in size was $ XX billion in 2019 and was forecast to grow by XX% by 2019 and expected to grow by almost XX% between 2021 and 2026. The surge in growth may be due to environmental concerns in developing countries and rising oil prices around the world.

Lithium-ion electric motorcycles are the fastest growing in the industry due to their lighter weight and can store more energy than other types of batteries. Now that many different players have started to enter this segment, the overall price of electric bikes is also falling, which has led to the tendency and interest of consumers in this market.

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Startups and big players are primarily interested in providing the electric motorcycle market with an initial range of 120 km, which clearly shows that they are trying to attract customers from metropolises and city dwellers. Europe is the fastest growing motorcycle market, while Asia and the Pacific (Asia Pacific) is the largest motorcycle market. The changes to the emission standards have also been an incentive for motorcycles.

One of the American giants Harley Davidson has decided to enter this segment, they are already known in the world for high performance and quality motorcycles and introduced LiveWire, an electric motorcycle with a traditional style of movement and debunking the myth of power. in the Emotor Cycle in people's minds, delivering 105 KM in their body. Companies such as Ola, Uber also show interest in this segment and have set up a motorcycle factory and use them in the future for profit and transportation.

GLOBAL ELECTRIC MOTORCYCLE MARKET DYNAMICS

• The global market for the electric motorcycle segment is similar to SeeSaw, with public and private players fighting to promote and advertise the benefits of using electric bikes. This will help create a sustainable environment and reduce countries' carbon footprint. Governments are promoting a start-up that focuses on advancing battery technology (to increase vehicle range and performance).

• Some of the important points that affect the market are range, performance, price, availability, comfort, environment, choice, capacity, no charging infrastructure, materials used to make batteries, people's lack of awareness of electric motorcycles, taxes, environmental friendliness. Vehicles etc.

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

• These types of segmentation are most important for classifying electric motorcycles.

• NiMH has high energy density, compatibility and safety.

• Li-ion batteries are small, more reliable, high voltage output, faster recharge, temperature tolerant.

• Comparing the above advantages, different types of battery are used for motorcycles. Li-ion batteries are used most often in electric motorcycles.

KEY PLAYERS IN ELECTRIC 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.

Read More Information: https://mobilityforesights.com/product/electric-motorcycle-market/

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