According to the new market research report “High-Performance Electric Motorcycle- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global High-Performance Electric Motorcycle market size is projected to reach USD 0.91 billion by 2030, at a CAGR of 9.0% during the forecast period.
- Global High-Performance Electric Motorcycle MarketSize(US$ Million), 2019-2030
Source: QYResearch, "High-Performance Electric Motorcycle- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global High-Performance Electric Motorcycle Top10Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
Source: QYResearch, "High-Performance Electric Motorcycle- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
According to QYResearch Top Players Research Center, the global key manufacturers of High-Performance Electric Motorcycle include Surron, Zero Motorcycles, Succo, Energica, BMW Motorrad, Zongshen, LiveWire, Hero, Brutus, FELO, etc. In 2023, the global top 10 players had a share approximately 57.0% in terms of revenue.
- High-Performance Electric Motorcycle,Global Market Size, Split by Product Segment
Source: QYResearch, "High-Performance Electric Motorcycle- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
In terms of product type, currently 6hp≤ Output Power <12hp is the largest segment, hold a share of 34.2%.
- High-Performance Electric Motorcycle,Global Market Size, Split by ApplicationSegment
Source: QYResearch, "High-Performance Electric Motorcycle- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
In terms of product application, currently Street Market is the largest segment, hold a share of 70.4%.
Market Drivers:
Environmental Concerns and Regulations: As global awareness about climate change intensifies, governments are enforcing stricter emissions regulations. Electric motorcycles, which produce zero tailpipe emissions, are becoming increasingly attractive to both consumers and policymakers. This shift is driving manufacturers to innovate and expand their electric vehicle offerings, enhancing the overall market growth.
Technological Advancements and Cost Reduction: The rapid advancements in battery technology and electric drivetrain efficiency are making electric motorcycles more competitive with traditional gasoline-powered models. Additionally, economies of scale and increased production have led to a significant reduction in manufacturing costs, making high-performance electric motorcycles more accessible to a broader audience.
Restraint:
Infrastructure Challenges: The development of adequate charging infrastructure remains a significant barrier to the widespread adoption of electric motorcycles. Many potential buyers are concerned about the availability and convenience of charging stations, which hampers market growth. Without substantial investment in infrastructure, the market may struggle to reach its full potential.
High Initial Costs and Market Perception: Despite the long-term savings on fuel and maintenance, the high upfront cost of electric motorcycles can deter potential buyers. Additionally, there is still a perception that electric motorcycles cannot match the performance or range of traditional models. Overcoming these financial and perceptual barriers is crucial for the market to expand.
Opportunity:
Urbanization and Commuter Trends: The increasing trend of urbanization presents a significant opportunity for electric motorcycles. As cities become more congested, the demand for compact, efficient, and environmentally friendly transportation options grows. Electric motorcycles, with their ease of navigation and lower operational costs, are well-suited to meet the needs of urban commuters.
Innovation and Customization: The electric motorcycle market is ripe for innovation, particularly in areas such as battery life, charging speed, and smart features. Companies that can offer customizable and high-tech solutions will attract tech-savvy consumers looking for personalized riding experiences. This focus on innovation can lead to the development of niche markets and boost overall demand.
About The Authors
| Lu Jing - Lead Author |
| Email: lujing@qyresearch.com |
| Lu Jing is a technology & market senior analyst specializing in chemical, advanced material, and component. Lu has 9 years’ experience in chemical and focuses on catalyst and additive, metal and plastic materials, waste recycling, daily chemicals. She is engaged in the development of technology and market reports and is also involved in custom projects. |
About QYResearch
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