Electric motorcycles market is estimated to witness 10.35% CAGR from 2019–2025.

The global electric motorcycles market can attain a growth rate of 10.35% during the forecast period (2019–2025), believes Market Research Future (MRFR).

Electric two-wheeler Market 2018 Global Industry Trends, Size, Share, Sales and Regional Analysis Report, include historic data, with forecast data to 2023. Electric two-wheeler Market research report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, and key player’s outlook. Electric two-wheeler Market is growing at 5% CAGR by 2023.

Market Segmentation

The worldwide market for electric motorcycle has been segmented on the basis of vehicle range, battery type and voltage.

Depending on the vehicle range, the global market can be split into below 75 Miles, 75-100 Miles, and above 100 Miles.

With respect to the battery type, the global market has been considered for li-ion, lead acid, and nickel metal hydride.

Voltage-based segments in the global market are below 24 Volt, 24-48-volt, 48-60 volt, and above 60 volts.

Regional Analysis

Asia Pacific region is expected to dominate the growth of the market over the forecast period. The presence of China, Japan and South Korea, is one of the major factors driving the electric two-wheeler market. China is the largest market for electric two wheeler. Since 2015, the sales have grown massively in China. However, it has created ample scope for the automakers to cover the region. Moreover, the automakers such as Tesla, Tata Motors, and Hyundai have decided to initiate the electric vehicle production in India as well. This has been quiet a profitable decision as the government has also taken various steps to make more investment in these countries.

In Asia-Pacific, China is the largest market for electric vehicles production and has contributed the maximum in production of total electric vehicle build globally in 2016. Overtaking the U.S., China is now the most attractive country for electric motorcycle and scooters. China has stretched its industry leadership by making profits across all scopes of the supply side of electric motorcycle and scooter, covering current and projected production of electric two wheelers and their components, such as electric motors and lithium-ion battery cells. Energy is playing a key role in the rapid development of China. The country’s industrialization and the growth in its gross domestic product (GDP), depends heavily on the availability of affordable and reliable energy. E-bicycles, motorcycles and scooters have become popular in many Chinese cities because they provide benefits given their private mobility, accessibility, time saving, low cost, and environmental friendliness.