Multi-billion dollar market revealed for electric motorcycles

The new report by IDTechEx, Electric Motorcycles and Three Wheel Electric Vehicles 2015-2025 reveals a market value of over US$12 billion for electric motorcycles including e-scooters and maxi scooters in 2025 - a market nearly five times greater than that for e-bikes with pedals. The big stories this year are car-like MicroEVs, the first category to be aimed primarily at emerging nations, and electric motorcycles, including e-maxi scooters and three wheel motorcycles. Electric motor cycles and thre
August 15, 2014 Read time: 2 mins

The new report by 6582 IDTechEx, Electric Motorcycles and Three Wheel Electric Vehicles 2015-2025 reveals a market value of over US$12 billion for electric motorcycles including e-scooters and maxi scooters in 2025 - a market nearly five times greater than that for e-bikes with pedals.
 
The big stories this year are car-like MicroEVs, the first category to be aimed primarily at emerging nations, and electric motorcycles, including e-maxi scooters and three wheel motorcycles.
 
Electric motor cycles and three wheelers are smaller businesses in volume but are often capable of generating higher percentage profits. The same is true of those making components and systems. In the large sectors they find it hard to make a living in fast growing niches where small to medium sized businesses are able to prosper.
 
The report says Yamaha and BMW are entering this business in 2015. Harley Davidson is getting opinions on its prototype but it is small companies like leader Zero Motorcycles and Brammo that are landing most of the orders, demonstrating impressive innovation and going global with them. They are something of a one way bet because either a giant buys them in order to catch up or they do a Tesla and get big by organic growth. Then there are the Chinese innovating with impressive maxi-scooters and motorcycles ‘at one third of the price’. That grows the market rather than eliminates competition - look at what happened with conventional motorcycles.

For more information on companies in this article

Related Content

  • Trailer telematics a catalyst for fleet optimisation, Finds Frost & Sullivan
    July 2, 2012
    The trailer telematics market is fast developing into a major growth engine for the commercial vehicles telematics market in Europe. Immense opportunities await telematics vendors as a majority of the trailer population in Europe (as well as North America) remains underpenetrated. Within the trailer telematics market, trailer location and tracking is the most developed application. However, security concerns and the need for effective mobile asset monitoring and management are creating several new applicati
    Read More
  • Costing transit is complicated case
    August 19, 2015
    David Crawford welcomes fresh thinking from Canada. Public transit improvements can bring society “significantly more value” than conventional transport models normally indicate, argues Canadian researcher Todd Litman. “Traditional evaluation practices originally developed to assess roadway improvements, and focus primarily on vehicle travel speeds and operating costs. “They do not generally quantify or monetise basic mobility benefits, vehicle ownership and parking cost savings, or efficient land developme
    Read More
  • ANPR integrity is as important as capability
    February 1, 2012
    Increasing the capability of automatic number plate recognition should go hand-in-hand with efforts to ensure number plates' integrity, says the ESVA's Viv Nicholas. Before we apply increasingly sophisticated technology to Automatic Number Plate Recognition (ANPR), says the European Secure Vehicle Alliance's (ESVA's) executive director Viv Nicholas, there is a lot we can do to make the task of vehicle recognition simpler by addressing issues relating to the number plate itself.
    Read More
  • The Asia-Pacific poses a multitude of ITS challenges
    May 30, 2014
    The Asia-Pacific ITS Forum and Exhibition in Auckland, New Zealand, provided a focus for the region’s ITS Associations. Mary Bell reports. In late April, ITS New Zealand hosted the 13th Asia-Pacific ITS Forum and Exhibition in Auckland. Around 350 delegates from 24 nations gathered to share and advance ITS applications on both strategic and technical levels and to discuss the differing and various challenges faced in the region.
    Read More

Highlighted Content