Industry Background:
Premium electric motorcycles usually come with two types of cost benefits including no maintenance over time and a more stable energy source price, due to these factors people can prefer to buy electric motorcycles and drive the global premium electric motorcycle market demand. For instance, recently, electric bikes have become a great option for many commuters and those who just want to have fun riding a battery-powered motorcycle. Government initiatives on zero-emission motorcycles can create opportunities for the industry verticals.This growth is primarily driven by Raising Awareness about Environment Coupled with Robust Demand for Electric Motorcycles
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Motorcycle Manufacturers sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Energica Motor Company (Italy), Zero Motorcycles (United States), Honda Motor Company (Japan), Lightning Motorcycle (United States), KTM (Austria), TACITA SRL (Italy), Evoke Motorcycles (China), Arc Vehicle (United Kingdom), Hadin Motorcycle Co., Limited. (United States) and Emflux Motors (India), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 28 January 2022, TVS Motor Company announced the acquisition of a 75% stake in the Swiss E-Mobility Group (SEMG). This acquisition furthers TVS Motor's commitment to e-personal mobility products. The acquisition helps to strengthen TVS presence in the rapidly growing e-bikes segment as well as enhance the product range further and scale the company in the DACH region and beyond.
On 28th March 2022, Ideanomics acquired a 70% ownership stake in Energica. With this transaction, Ideanomics strategies to enhance Energica's go-to-market model, invest in new products and improve its distribution capabilities with a goal of doubling its United States dealer network by the end of 2022. The acquisition of more authorized Energica dealers and other retail points in the United States can help to drive consumer brand awareness and increase market share for the most advanced zero-emission motorcycles on the market.Global Premium Electric Motorcycle is a fragmented market due to the presence of various players. The players are focusing on investing more in launching innovative motorcycles in the market. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them enhance product range as well as to sustain in the market and maintain their competitive edge.
Influencing Trend:
Introduction and Popularity of Premium Electric Motorcycles and Rapidly Accelerating Demand for Newer Mobility Solutions
Market Growth Drivers:
Raising Awareness about Environment Coupled with Robust Demand for Electric Motorcycles and Various Countries and Governments over the Globe have Developed Frameworks and Implemented Laws to Promote the Ownership of Electric Motorcycles
Challenges:
Premium, Modern Electric Motorcycles have an Unimpressive Top Speed
Restraints:
Limited Charging Infrastructure can Deters Electric Vehicles Buyers in Developing Countries and High Cost Associated with the Premium Electric Motorcycles than Standard Electric Motorcycles
Opportunities:
High Demand for the Premium Electric Motorcycles due to the Relentlessly Evolving Technology Behind it and Number of Manufacturers Dabble in the Electric Motorcycles
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Premium Electric Motorcycle Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Premium Electric Motorcycle Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Premium Electric Motorcycle players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Premium Electric Motorcycle Study Sheds Light on
The Premium Electric Motorcycle Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Premium Electric Motorcycle industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Premium Electric Motorcycle industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.