Electric Motorcycle Parts Market Scope
Electric motorcycles have a battery instead of a gasoline tank, and an electric motor instead of an internal combustion engine. Electric motorcycles are a combination of a battery, and an electric motor. The rising demand for electric vehicles is expected to increase the demand for the electric vehicle parts market. There are various types of parts required for electric vehicles such as battery charger, driving device, drive motor, Braking device, and many more. In electric motorcycles, the maintenance is high due to less shelf life of batteries hence vice versa the electric motorcycle parts market is expected to boost in the future.
Attributes | Details |
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Study Period | 2019-2029 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Zero Motorcycles (United States), Zapp Electric Vehicles Limited (England), Kenda Tires (Taiwan), Michelin (France), Pirelli (Italy), Dunlop (United States), SHINKO ELECTRIC INDUSTRIES CO., LTD. (Japan), Metzeler (Germany) and Energica Motor Company (Italy) |
CAGR | % |
The global electric Motorcycle parts market is witnessing a rise in competitiveness among the players. In terms of market share, the major players are currently dominating. However, some companies are increasing their market presence by securing new contracts and tapping new markets. The manufacturers are trying to achieve a competitive advantage by lowering manufacturing costs and adopting cost-effective techniques. Research Analyst at AMA estimates that france Vendors will contribute to the maximum growth of Global Electric Motorcycle Parts market throughout the predicted period.
Zero Motorcycles (United States), Zapp Electric Vehicles Limited (England), Kenda Tires (Taiwan), Michelin (France), Pirelli (Italy), Dunlop (United States), SHINKO ELECTRIC INDUSTRIES CO., LTD. (Japan), Metzeler (Germany) and Energica Motor Company (Italy) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Lightning Motorcycles (United States) and Lito Sora (Canada).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Electric Motorcycle Parts market by Type , by Application (Commercial and Personal) and Region with country level break-up.
On the basis of geography, the market of Electric Motorcycle Parts has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In November 2023,Bengaluru-based EV startup, Orxa Energies launched its first product, the Mantis electric motorcycle recently, priced at Rs 3.6 lakh ex-showroom. Targeted at the entry-level performance motorcycle segment, the Mantis features an angular design language and claimed performance to match ICE motorcycles.
Influencing Trend:
Use of Recycled Parts to Prevent the Use of Raw Materials and Advancements in the Manufacturing Processes
Market Growth Drivers:
Increasing the adoption of electric vehicles and The high maintenance of electric motorcycles
Challenges:
The lack of charging infrastructure discourages most consumers from buying e-bikes
Restraints:
Increasing incidents of faulty products
Opportunities:
Increasing Number of Automobile Manufacturers, The battery has a rather short lifespan and Growing Demand for electric motorcycles Parts
Key Target Audience
Manufacturers, Raw Material Suppliers, Automobile Enterprises, Research Institutes, Suppliers and Distributors and Government Associations