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Electric Motorcycles Market Share

ID: MRFR//6664-CR | 180 Pages | Author: Sejal Akre| December 2022

Introduction: Navigating the Electric Motorcycle Revolution

The electric motorcycle market is experiencing unprecedented competitive momentum, driven by rapid technology adoption, evolving regulatory frameworks, and shifting consumer expectations for sustainable mobility solutions. Key players, including original equipment manufacturers (OEMs), IT integrators, and infrastructure providers, are vying for market leadership by leveraging innovative technologies such as AI-based analytics, IoT connectivity, and advanced automation. OEMs are focusing on enhancing vehicle performance and user experience, while IT integrators are developing integrated platforms that streamline operations and improve customer engagement. Additionally, emerging disruptors, including startups specializing in green infrastructure and biometrics, are redefining market dynamics by introducing novel solutions that cater to eco-conscious consumers. As regional markets, particularly in Asia-Pacific and Europe, present significant growth opportunities, strategic deployment trends for 2024โ€“2025 will likely center on expanding charging infrastructure and enhancing battery technology, positioning stakeholders to capitalize on the evolving landscape of electric mobility.

Competitive Positioning

Full-Suite Integrators

These vendors offer comprehensive electric motorcycle solutions, integrating design, technology, and manufacturing.

VendorCompetitive EdgeSolution FocusRegional Focus
Zero Motorcycles Inc. Leading performance and range High-performance electric motorcycles North America, Europe
Harley-Davidson Inc. Iconic brand with electric innovation Electric cruiser motorcycles Global
Energica Motor Company S.p.A. High-performance electric sport bikes Electric sport motorcycles Europe, North America

Specialized Technology Vendors

These companies focus on niche electric motorcycle technologies, enhancing performance and user experience.

VendorCompetitive EdgeSolution FocusRegional Focus
Alta Motors Advanced electric off-road capabilities Electric off-road motorcycles North America
TACITA SRL Racing pedigree and technology Electric racing motorcycles Europe
Johammer e-mobility GmbH Unique design and urban focus Urban electric motorcycles Europe

Emerging Market Players

These vendors are gaining traction in the electric motorcycle market, often focusing on local markets and innovative designs.

VendorCompetitive EdgeSolution FocusRegional Focus
Revolt Motors Affordable electric motorcycles for India Urban electric motorcycles India
Torkmotors Local manufacturing and customization Electric commuter motorcycles India
Hero Eco Strong local brand presence Electric scooters and motorcycles India

Infrastructure & Equipment Providers

These vendors support the electric motorcycle ecosystem with charging solutions and related infrastructure.

VendorCompetitive EdgeSolution FocusRegional Focus
Razor USA LLC. Diverse electric mobility products Electric scooters and motorcycles North America
Bell Custom Cycles (BCC) Customization and aftermarket solutions Custom electric motorcycles North America
Husqvarna Motorcycles GmbH Heritage brand with modern electric models Electric off-road motorcycles Europe

Emerging Players & Regional Champions

  • Zero Motorcycles (USA): Specializes in high-performance electric motorcycles with a focus on off-road and street models, recently expanded their dealer network and launched the DSR/X model, challenging established brands like Harley-Davidson with their innovative technology and performance.
  • Energica Motor Company (Italy): Offers premium electric motorcycles with advanced technology and high-speed capabilities, recently secured a partnership with a major European racing league, positioning themselves as a competitor to traditional motorcycle manufacturers.
  • Super Soco (China): Focuses on affordable electric scooters and motorcycles, targeting urban commuters, recently expanded into European markets, providing a cost-effective alternative to established players like Honda and Yamaha.
  • Lightning Motorcycles (USA): Known for their high-speed electric motorcycles, recently announced a partnership with a major tech company for battery technology development, challenging traditional performance motorcycle brands.
  • KTM (Austria): While traditionally known for gas-powered bikes, they are entering the electric motorcycle market with their E-ride series, leveraging their strong brand presence to compete with established electric brands.

Regional Trends: In 2022, the electric motorcycle market saw significant growth in North America and Europe, driven by increasing environmental awareness and government incentives. Asia-Pacific, particularly China, continued to dominate in terms of volume due to the high demand for affordable electric two-wheelers. Technological specialization is shifting towards battery efficiency and smart connectivity features, with many emerging players focusing on performance and urban mobility solutions.

Collaborations & M&A Movements

  • Harley-Davidson and Bosch entered into a partnership to develop advanced electric motorcycle technologies aimed at enhancing performance and safety features, thereby strengthening Harley's position in the growing electric segment.
  • Kawasaki and Toyota announced a strategic collaboration to co-develop electric powertrains for motorcycles, which is expected to leverage Toyota's expertise in battery technology and improve Kawasaki's competitive edge in the electric motorcycle market.
  • Zero Motorcycles acquired the electric motorcycle division of Alta Motors in 2022, allowing Zero to expand its product offerings and market share in the high-performance electric motorcycle segment.

Competitive Summary Table

CapabilityLeading PlayersRemarks
Battery Technology Zero Motorcycles, Energica, Harley-Davidson Zero Motorcycles leads in battery efficiency with their Z-Force battery technology, offering up to 200 miles on a single charge. Energica utilizes high-performance lithium-ion batteries that support fast charging, reducing downtime significantly. Harley-Davidson's LiveWire features a unique battery management system that optimizes performance and longevity.
Smart Connectivity BMW Motorrad, Kawasaki, Ducati BMW Motorrad integrates advanced connectivity features through their ConnectedRide app, allowing riders to access navigation and vehicle diagnostics. Kawasaki's Rideology app enhances user experience by providing real-time data and ride analytics. Ducati's Multistrada V4 includes a sophisticated infotainment system that connects seamlessly with smartphones.
Sustainability Initiatives Lightning Motorcycles, Gogoro, Yamaha Lightning Motorcycles emphasizes sustainability by using recyclable materials in their bike designs. Gogoro promotes a battery-swapping model that reduces waste and encourages urban mobility. Yamaha has committed to carbon neutrality by 2050, focusing on electric models and sustainable manufacturing practices.
Performance and Range Alta Motors, Energica, Zero Motorcycles Alta Motors is known for its high-performance electric dirt bikes, achieving impressive torque and acceleration. Energica's models are designed for both performance and long-range travel, with the Ego model offering a range of 400 km. Zero Motorcycles provides a variety of models catering to different performance needs, with the SR/F model being particularly noted for its speed and agility.
User Experience and Design Harley-Davidson, BMW Motorrad, Ducati Harley-Davidson's LiveWire is praised for its iconic design and user-friendly interface, appealing to traditional motorcycle enthusiasts. BMW Motorrad focuses on ergonomic design and rider comfort, enhancing the overall experience. Ducati's attention to detail in design and performance creates a premium experience for riders, making their models highly sought after.

Conclusion: Navigating the Electric Motorcycle Landscape

The electric motorcycle market in 2022 is characterized by intense competitive dynamics and significant fragmentation, with both legacy manufacturers and emerging players vying for market share. Regional trends indicate a growing preference for sustainable transportation solutions, prompting established brands to innovate while new entrants leverage cutting-edge technologies. Vendors are strategically positioning themselves by enhancing capabilities in AI, automation, and sustainability, which are becoming critical determinants of market leadership. As the landscape evolves, flexibility in production and supply chain management will also play a pivotal role in meeting diverse consumer demands and navigating regulatory challenges. Decision-makers must focus on these strategic implications to effectively capitalize on the opportunities within this rapidly changing market.

Covered Aspects:
Report Attribute/Metric Details
Base Year For Estimation 2021
Historical Data 2018 & 2020
Forecast Period 2022-2030
Growth Rate 11.90% (2022-2030)
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