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

  • Hill & Smith gears up for buyers’ market
    March 25, 2014
    More than five years of recession has left the European roads sector a “buyers’ market” and only those companies able to compete on price will be able to address it, Miles Boyd, commercial manager of Hill & Smith said at Intertraffic. “I think the challenge going forward is to address this buyers’ market,” said Boyd. “The state of the economy tightened the belt of most local authorities. At Hill & Smith we have been value-engineering our products to ensure that we can offer cost-effective products that we
    Read More
  • Transport in the round
    October 13, 2015
    The ITF’s Mary Crass tells Colin Sowman why future transport demands will require governments to overcome the silo effect of individual single-modal authorities. The only global multimodal transport policy organisation,” is how Mary Crass describes the International Transport Forum (ITF), which is housed at the Organisation for Economic Cooperation and Development (OECD). As head of policy and summit preparation at the ITF she says: “All other organisations are either regional or have a modal focus, we cove
    Read More
  • Asia Pacific expected to lead EV charging station market by 2022
    April 1, 2016
    According to Markets and Markets’ latest market research report, the electric vehicle (EV) charging station market is estimated to reach US$12.61 Billion by 2022, at a CAGR of 29.8 per cent between 2016 and 2022. Factors which are driving the electric vehicle charging stations market include government subsidies and incentives, increasing use of EVs, and the growing need to reduce carbon emissions. The US Environmental Protection Agency (EPA) categorises battery electric vehicles (BEVs) as zero-emissi
    Read More
  • Global ITS market expected to reach US$ 30.2 billion by 2019
    October 3, 2013
    According to a new market report published by Transparency Market Research, "Intelligent Transportation System (ITS) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," the global market for ITS is expected to reach a value of USD 30.2 billion by 2019, at a CAGR of 11.1 per cent from 2013 to 2019. The demand for ITS systems is rising globally due to increased congestion in metropolitan areas. Development and deployment of intelligent transportation system not only r
    Read More

Highlighted Content