High-performance Electric Motorcycle Market Size to Grow by 23.60 th units | Declining Prices of Li-ion Batteries to Drive Growth | Technavio
NEW YORK, June 29, 2022 /PRNewswire/ -- The declining prices of Li-ion batteries will be crucial in driving the growth of the high-performance electric motorcycle market, according to an analyst at Technavio. Fluctuations in the cost of Li-ion batteries can have an impact on the overall cost of high-performance electric motorcycles. The decline in the cost of Li-ion batteries is leading to a reduction in the production cost of high-performance electric motorcycles. A fall in the prices of battery-grade lithium carbonate and lithium hydroxide, among others, is also leading to a decline in the cost of Li-ion batteries. This is expected to reduce the overall production cost of high-performance electric motorcycles, which will drive the global high-performance electric motorcycle market during the forecast period.
The high-performance electric motorcycle market size is expected to grow by 23.60 th units from 2020 to 2025. Moreover, the growth momentum of the market will accelerate at a CAGR of 27.56% during the forecast period. The market is segmented by service (powertrain, complete vehicle, electrical/electronics, and others) and geography (Europe, North America, APAC, South America, and MEA).
High-performance Electric Motorcycle Market: Segmentation Analysis
Segmentation by Service:
Based on service, the street segment will lead the market growth during the forecast period.
On-road high-performance electric motorcycles that are street legal are considered under this segment.
The presence of several street-legal, high-performance electric motorcycles across the different regions will drive the growth of the street segment.
Segmentation by Geography:
Europe will account for 43% of the market's growth during the forecast period.
The declining prices of Li-ion batteries will drive the high-performance electric motorcycle market growth in Europe during the forecast period.
Germany, France, and Italy are the key countries for the high-performance electric motorcycle market in Europe.
Market growth in this region will be slower than the growth of the market in regions.
High-performance Electric Motorcycle Market: Major Vendors
The high-performance electric motorcycle market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market. The report offers detailed information on the competencies, capacities, and products offered by major vendors, including ARC Vehicle Ltd., Bell Custom Cycles, Curtiss Motorcycle Co., Evoke Electric Motorcycles (HK) Ltd., Harley-Davidson Inc., Lightning Motors Corp., Sarolea Manx Ltd., Songguo New Energy Automobile Co. Ltd., TACITA Srl, and Zero Motorcycles Inc. among others. The key offerings of some of the vendors are listed below:
ARC Vehicle Ltd. - The company offers world's most advanced fully electric motorcycle of its kind, partnered with a fully integrated Human Machine Interface (HMI).
Bell Custom Cycles - The company offers a full sport bike designed and packaged with a whopping 20kWh battery pack and motors capable of sub-200 hp.
Curtiss Motorcycle Co. - The company offers technically advanced bikes with features such as slimming effect, triple load path, power pak, centered power axis, etc.
Evoke Electric Motorcycles (HK) Ltd. - The company offers an Italian-styled naked sport bike with an upgraded power controller. It has precision braking and a clutchless design with incredible 400cc torque that allows this vehicle to move around with agility.
Harley-Davidson Inc. - The company offers a premium, full-featured eBicycle with electric assistance up to 28 mph, designed for more convenient and fun commute.
Europe, North America, APAC, South America, and MEA
Performing market contribution
Europe at 43%
Key consumer countries
US, Germany, France, Italy, China, and Japan
Competitive landscape
Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled
ARC Vehicle Ltd., Bell Custom Cycles, Curtiss Motorcycle Co., Evoke Electric Motorcycles (HK) Ltd., Harley-Davidson Inc., Lightning Motors Corp., Sarolea Manx Ltd., Songguo New Energy Automobile Co. Ltd., TACITA Srl, and Zero Motorcycles Inc.
Market dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of Contents
1 Executive Summary
2 Market Landscape
2.1 Market ecosystem
Exhibit 01: Parent market
Exhibit 02: Market characteristics
2.2 Value chain analysis
Exhibit 03: Value chain analysis: Motorcycle market
3 Market Sizing
3.1 Market definition
Exhibit 04: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 05: Market segments
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 - 2025
Exhibit 06: Global - Market size and forecast 2020 - 2025 (units)
Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
4 Five Forces Analysis
4.1 Five forces summary
Exhibit 08: Five forces analysis 2020 & 2025
4.2 Bargaining power of buyers
Exhibit 09: Bargaining power of buyers
4.3 Bargaining power of suppliers
Exhibit 10: Bargaining power of suppliers
4.4 Threat of new entrants
Exhibit 11: Threat of new entrants
4.5 Threat of substitutes
Exhibit 12: Threat of substitutes
4.6 Threat of rivalry
Exhibit 13: Threat of rivalry
4.7 Market condition
Exhibit 14: Market condition - Five forces 2020
5 Market Segmentation by Type
5.1 Market segments
Exhibit 15: Type - Market share 2020-2025 (%)
5.2 Comparison by Type
Exhibit 16: Comparison by Type
5.3 Street - Market size and forecast 2020-2025
Exhibit 17: Street - Market size and forecast 2020-2025 (units)
Exhibit 18: Street - Year-over-year growth 2020-2025 (%)
5.4 Off-road - Market size and forecast 2020-2025
Exhibit 19: Off-road - Market size and forecast 2020-2025 (units)
Exhibit 54: Evoke Electric Motorcycles (HK) Ltd. - Overview
Exhibit 55: Evoke Electric Motorcycles (HK) Ltd. - Product and service
Exhibit 56: Evoke Electric Motorcycles (HK) Ltd. - Key offerings
10.7 Harley-Davidson Inc.
Exhibit 57: Harley-Davidson Inc. - Overview
Exhibit 58: Harley-Davidson Inc. - Business segments
Exhibit 59: Harley-Davidson Inc. - Key offerings
Exhibit 60: Harley-Davidson Inc. - Segment focus
10.8 Lightning Motors Corp.
10.9 Sarolea Manx Ltd.
Exhibit 64: Sarolea Manx Ltd. - Overview
Exhibit 65: Sarolea Manx Ltd. - Product and service
Exhibit 66: Sarolea Manx Ltd. - Key offerings
10.10 Songguo New Energy Automobile Co. Ltd.
Exhibit 67: Songguo New Energy Automobile Co. Ltd. - Overview
Exhibit 68: Songguo New Energy Automobile Co. Ltd. - Product and service
Exhibit 69: Songguo New Energy Automobile Co. Ltd. - Key news
Exhibit 70: Songguo New Energy Automobile Co. Ltd. - Key offerings
10.11 TACITA Srl
Exhibit 71: TACITA Srl - Overview
Exhibit 72: TACITA Srl - Product and service
Exhibit 73: TACITA Srl - Key offerings
10.12 Zero Motorcycles Inc.
Exhibit 74: Zero Motorcycles Inc. - Overview
Exhibit 75: Zero Motorcycles Inc. - Product and service
Exhibit 76: Zero Motorcycles Inc. - Key offerings
11 Appendix
11.1 Scope of the report
11.2 Currency conversion rates for US$
Exhibit 77: Currency conversion rates for US$
11.3 Research methodology
Exhibit 78: Research Methodology
Exhibit 79: Validation techniques employed for market sizing
Exhibit 80: Information sources
11.4 List of abbreviations
Exhibit 81: List of abbreviation
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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