Global Electric Motorcycle Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2032

What is the Global Electric Motorcycle Market Size and Growth Rate?

• The global electric motorcycle market size was valued at USD 1.30 billion in 2024 and is expected to reach USD 1.71 billion by 2032, at a CAGR of 3.50% during the forecast period
• The market growth is primarily driven by the surge in fuel prices, increased environmental awareness, and rising government incentives promoting electric mobility across developed and emerging economies
• In addition, the advancement in battery technologies, improved vehicle range, and infrastructure expansion for electric vehicle (EV) charging are significantly accelerating the adoption of electric motorcycles, reinforcing market growth globally

What are the Major Takeaways of Electric Motorcycle Market?

• Electric Motorcycles offer a sustainable, cost-effective alternative to internal combustion engine (ICE) bikes, with lower maintenance costs, zero tailpipe emissions, and quiet operation, making them an ideal solution for urban transportation
• The rising demand for clean mobility, coupled with government subsidies, tax rebates, and EV-friendly policies, is a key growth driver in both developed and developing nations
• In addition, younger demographics are increasingly preferring electric motorcycles due to their tech integration, stylish designs, and smart features such as GPS tracking, regenerative braking, and mobile app connectivity, further boosting market demand
• Asia-Pacific dominated the electric motorcycle market with the largest revenue share of 81.3% in 2024, driven by rising environmental concerns, increasing fuel prices, and strong government support for electric mobility across countries such as China, India, and Japan
• North America electric motorcycle market is projected to register the fastest CAGR of 27.2% from 2025 to 2032, driven by increased environmental awareness, rising gas prices, and a growing consumer shift toward sustainable and tech-enabled transportation
• The hub motor segment dominated the electric motorcycle market with the largest revenue share of 47.8% in 2024, owing to its compact design, low maintenance requirements, and high energy efficiency

Report Scope and Electric Motorcycle Market Segmentation 

What is the Key Trend in the Electric Motorcycle Market?

• A major trend reshaping the global electric motorcycle market is the continuous advancement in battery technology, charging infrastructure, and smart connectivity, leading to better performance, extended range, and enhanced user experience. Manufacturers are now focused on creating high-speed, long-range motorcycles that match or exceed the performance of traditional internal combustion engines
  • For instance, in May 2023, Lightning Motorcycles partnered with LG Chem to develop next-generation lithium-ion batteries, aimed at improving energy density and reducing charging time—pivotal for long-distance EV riders
• The integration of AI-based systems for real-time diagnostics, riding behavior analytics, and smart navigation is becoming more prominent. Companies such as Zero Motorcycles and Energica are deploying connected dashboards and OTA (over-the-air) updates to elevate ride customization and predictive maintenance
• In addition, electric motorcycles with regenerative braking, multiple ride modes, and smartphone app integration are becoming standard. These features allow users to optimize energy use, monitor battery health, and locate nearby charging stations
• As urban mobility solutions evolve, lightweight electric motorcycles and e-scramblers designed for city commuting are gaining popularity, especially in Europe and Asia, where governments support cleaner transport modes
• This focus on performance, range, and intelligent features is setting a new benchmark in consumer expectations, positioning electric motorcycles as practical and desirable alternatives to petrol-powered bikes

What are the Key Drivers of Electric Motorcycle Market?

• The growing concern over carbon emissions, combined with stringent emission regulations and fuel economy standards, is a primary factor accelerating the shift toward electric motorcycles worldwide
  • For instance, in November 2023, Honda Motor Co. announced plans to launch 30 electric motorcycle models globally by 2030, with a target of reaching 4 million unit sales annually, underscoring the rising OEM commitment to electric mobility
• Advancements in lithium-ion battery efficiency, declining battery costs, and government subsidies are making electric motorcycles increasingly affordable and accessible for urban and rural users asuch as
• Moreover, rising fuel prices and the need for low-maintenance vehicles are encouraging consumers, particularly in developing countries, to consider EV alternatives
• The growing demand for sustainable mobility, increasing availability of public charging stations, and the push for electrification in last-mile delivery fleets are also fueling the market’s growth trajectory
• Together, these factors are driving strong adoption across multiple end-user segments, ranging from daily commuters to performance-oriented riders

Which Factor is challenging the Growth of the Electric Motorcycle Market?

• One of the main challenges hindering the widespread adoption of electric motorcycles is the limited charging infrastructure, especially in rural or underdeveloped regions. Range anxiety remains a concern for consumers accustomed to petrol stations at every corner
  • For instance, despite advancements, many countries still lack the fast-charging networks needed to support large-scale adoption, affecting long-distance travel viability and fleet usage
• In addition, the high upfront cost of premium electric motorcycles, due to the use of advanced battery packs and motor systems, can be a barrier—particularly in price-sensitive markets such as India and Southeast Asia
• Concerns around battery lifespan, replacement cost, and environmental impact of battery disposal also pose sustainability-related hurdles
• Furthermore, some consumers are deterred by the limited model variety and availability compared to traditional motorcycles, especially in the sports and touring categories.
• Overcoming these challenges will require collaborative efforts among governments, manufacturers, and energy providers to improve infrastructure, lower cost through innovation, and increase consumer education on the benefits and usability of electric motorcycles

How is the Electric Motorcycle Market Segmented?

The market is segmented on the basis of drive type, battery type, and end-use.

• By Drive Type

On the basis of drive type, the electric motorcycle market is segmented into Belt Drive, Chain Drive, and Hub Motor. The Hub Motor segment dominated the electric motorcycle market with the largest revenue share of 47.8% in 2024, owing to its compact design, low maintenance requirements, and high energy efficiency. Hub motors, being directly integrated into the wheel hub, eliminate the need for additional transmission components, making them ideal for lightweight urban electric motorcycles and scooters. Their simplicity and cost-effectiveness contribute to their widespread use, particularly in Asia-Pacific markets where e-mobility is rapidly growing.

The Belt Drive segment is projected to witness the fastest growth rate from 2025 to 2032, fueled by rising demand for smoother rides, quieter performance, and low-maintenance alternatives to chain drives. Belt drives are increasingly adopted in mid-to-premium range electric motorcycles due to their durability, corrosion resistance, and longer service life, making them particularly attractive for commuter and recreational riders.

• By Battery Type

On the basis of battery type, the electric motorcycle market is segmented into Lithium-ion, Lead Acid, and Others. The Lithium-ion segment held the largest market revenue share of 71.4% in 2024, driven by its superior energy density, lighter weight, faster charging capabilities, and longer lifecycle. Lithium-ion batteries are favored across all performance categories—from entry-level scooters to high-end electric motorcycles—supporting fast acceleration, extended range, and reduced downtime. Technological advancements and decreasing costs further reinforce lithium-ion’s dominance in the market.

The Others category, which includes solid-state and nickel-metal hydride batteries, is anticipated to exhibit the fastest CAGR during the forecast period, driven by research into next-generation battery technologies that offer higher safety, sustainability, and performance.

• By End-Use

On the basis of end-use, the electric motorcycle market is segmented into Personal and Commercial. The Personal segment accounted for the largest market revenue share of 68.9% in 2024, supported by rising environmental awareness, increasing urban congestion, and the demand for affordable, low-maintenance mobility solutions. Personal e-motorcycles are gaining strong traction among city commuters, especially in emerging markets with supportive EV policies and rising fuel costs.

The Commercial segment is expected to witness the fastest CAGR from 2025 to 2032, driven by the adoption of electric motorcycles for last-mile delivery services, food delivery platforms, and ride-hailing fleets. Fleet operators are increasingly transitioning to electric options to cut operational costs and meet emission reduction targets, especially in urban zones with vehicle restrictions and sustainability mandates.

Which Region Holds the Largest Share of the Electric Motorcycle Market?

• Asia-Pacific dominated the electric motorcycle market with the largest revenue share of 81.3% in 2024, driven by rising environmental concerns, increasing fuel prices, and strong government support for electric mobility across countries such as China, India, and Japan
• The region benefits from a robust two-wheeler culture, high population density, and rapidly expanding urban centers that are ideal for electric motorcycles as a cost-effective and eco-friendly mobility solution
• Favorable policies such as subsidies, tax rebates, and EV mandates, along with expanding EV charging infrastructure and local manufacturing capabilities, have further propelled Asia-Pacific to the forefront of the global electric motorcycle market

China Electric Motorcycle Market Insight

The China electric motorcycle market accounted for the largest market revenue share within Asia-Pacific in 2024, supported by the government's strong push for electric mobility, robust production ecosystems, and surging demand for urban transportation alternatives. China’s large population of daily commuters and extensive domestic electric vehicle industry are key growth enablers. Government regulations limiting gasoline motorcycle usage in major cities are also accelerating electric motorcycle adoption across urban regions.

India Electric Motorcycle Market Insight

The India electric motorcycle market is expected to grow at a notable CAGR through 2032, fueled by increasing fuel costs, government-led FAME incentives, and a growing shift toward sustainable transport. Indian consumers are increasingly choosing electric motorcycles for last-mile connectivity, daily commuting, and food delivery services. Domestic start-ups and major OEMs are investing heavily in product innovation, battery swapping networks, and affordability, boosting widespread market adoption.

Japan Electric Motorcycle Market Insight

The Japan electric motorcycle market is experiencing steady growth, driven by technological innovation, rising eco-consciousness, and strong consumer preference for quiet, compact, and efficient mobility solutions. Urban infrastructure tailored for two-wheelers and the nation’s advanced battery technologies support growth. Moreover, the aging population’s demand for lightweight, easy-to-use electric motorcycles is further strengthening market expansion in both personal and delivery applications.

Which Region is the Fastest Growing Region in the Electric Motorcycle Market?

North America electric motorcycle market is projected to register the fastest CAGR of 27.2% from 2025 to 2032, driven by increased environmental awareness, rising gas prices, and a growing consumer shift toward sustainable and tech-enabled transportation. The rise of electric mobility startups, investments in charging infrastructure, and a shift in consumer behavior toward premium electric motorcycles are key growth drivers. In addition, the demand for recreational electric motorcycles and government policies such as EV tax credits and zero-emission targets are contributing significantly to regional expansion.

U.S. Electric Motorcycle Market Insight

The U.S. electric motorcycle market captured the largest revenue share within North America in 2024, supported by the country’s growing adoption of smart transportation, high disposable income, and interest in clean energy vehicles. Increasing availability of high-performance models from companies such as Harley-Davidson (LiveWire) and Zero Motorcycles, along with the expansion of EV charging stations, is bolstering market penetration across urban and suburban areas.

Canada Electric Motorcycle Market Insight

The Canada electric motorcycle market is expected to grow steadily, driven by the government’s zero-emission vehicle targets, tax incentives for electric vehicles, and heightened awareness of climate change. The country's favorable policies and expanding electric vehicle infrastructure are promoting adoption, especially among young urban commuters and environmentally conscious consumers.

Which are the Top Companies in Electric Motorcycle Market?

The electric motorcycle industry is primarily led by well-established companies, including:

• Honda Motor Co., Ltd. (Japan)
• Harley-Davidson, Inc. (U.S.)
• Zero Motorcycles, Inc. (U.S.)
• KTM AG (Austria)
• BMW Motorrad (Germany)
• Maeving (U.K.)
• Energica Motor Company S.p.A. (Italy)
• CAKE (Sweden)
• SUR-RON USA (U.S.)
• Electric Motion (France)
• Fonz Moto Pty Limited (Australia)
• Arc Vector (U.K.)
• Emflux Motors (India)
• Evoke Motorcycles (China)
• Fuell Fllow (U.S.)
• Kawasaki Heavy Industries, Ltd. (Japan)
• Savic Motorcycles (Australia)
• Suzuki Motor Corporation (Japan)
• Tacita Motorcycles (Italy)
• Tarform Luna (U.S.)

What are the Recent Developments in Global Electric Motorcycle Market?

• In November 2023, Honda Motor Company unveiled an ambitious roadmap to expand its electric motorcycle business by raising its global annual sales target to 4 million units by 2030, up from the previous goal of 3.5 million units. The strategy includes the introduction of 30 electric motorcycle models globally and a total investment of 500 billion yen—100 billion yen from 2021 to 2025 and an additional 400 billion yen from 2026 to 2030. This significant financial commitment underscores Honda's intention to lead the transition toward electric mobility in the two-wheeler segment
• In November 2023, Orxa Energies, an electric vehicle manufacturer, launched Mantis, a premium electric motorcycle with a kerb weight of 182 kg, available in Urban Black and Jungle Grey variants. It comes equipped with a 1.3 kW charger, offering performance and design aimed at the urban rider. This launch signals Orxa’s entry into the high-performance EV motorcycle segment
• In June 2023, Revolt Motors revealed plans to introduce a new electric motorcycle model featuring extended range and advanced technology enhancements, aiming to diversify its product line and cater to evolving consumer expectations. This move aligns with the brand's strategy to remain competitive in the growing EV two-wheeler market
• In May 2023, Lightning Motorcycles entered a strategic partnership with LG Chem to develop next-generation lithium-ion battery technology. The collaboration focuses on improving energy density and charging efficiency, enabling longer ride times and faster recharges. This partnership marks a crucial step toward boosting the performance of electric motorcycles globally
• In April 2023, Harley-Davidson expanded its electric two-wheeler presence in Europe with the launch of its first electric motorcycle, the LiveWire. The move reflects Harley-Davidson’s commitment to innovation and sustainability while broadening its appeal to a new generation of environmentally conscious riders

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