The global electric motorcycle market is projected to grow from USD 11.89 billion in 2025 to USD 19.45 billion by 2034, reflecting a CAGR of 5.62% during the forecast period. This growth is fueled by increasing demand for high-performance superbikes among younger consumers, rising awareness about reducing vehicular emissions, and rapid technological developments in electric powertrains.
The surge in electric motorcycle startups in developing nations such as India, Vietnam, and Thailand, coupled with advancements in solid-state battery technology, is expected to unlock substantial opportunities for industry players.
Key Market Highlights
-
Asia Pacific holds the largest market share.
-
Europe is anticipated to record significant CAGR during 2025–2034.
-
Lithium-ion batteries dominate the battery type segment.
-
Lead-acid batteries to grow steadily due to cost-effectiveness.
-
Personal use remains the leading end-use segment.
-
Commercial use to expand notably with the growth of ride-hailing and fleet services.
Download a Sample of Our Market Intelligence: https://www.towardsautomotive.com/download-sample/1189
Market Size Snapshot (2024–2034)
| Metric | Details |
|---|---|
| Market Size 2024 | USD 11.26 Billion |
| Market Size 2034 | USD 19.45 Billion |
| CAGR (2025–2034) | 5.62% |
| Leading Region | Asia Pacific |
| Segmentation | By Belt Type, Battery Type, End-Use, Region |
Emerging Trends Shaping the Market in 2025
1. Fast-Charging Technologies
Manufacturers are integrating advanced charging solutions to reduce range anxiety and enhance convenience for riders.
2. Government Initiatives
Governments worldwide are introducing EV-friendly policies, subsidies, and awareness campaigns to boost adoption rates.
3. Proliferation of Startups
Countries like China, India, and Vietnam are witnessing a boom in electric motorcycle startups, adding innovation and competition to the market.
Battery Type Insights
Lithium-ion Batteries Lead
Lithium-ion batteries are preferred due to their high energy density, fast charging, long cycle life, and low maintenance needs.
Lead-acid Batteries Hold Niche Appeal
Lead-acid batteries remain popular in budget-friendly electric motorcycles for their affordability, mature technology, and ability to handle high current loads.
End-Use Insights
Personal Segment Dominates
The personal segment leads due to increasing adoption of low-power models among middle-class riders and the growing appeal of premium electric superbikes.
Commercial Segment Rising
Commercial adoption is driven by ride-hailing companies and fleet operators seeking cost-effective and eco-friendly solutions.
Invest in Our Premium Strategic Solution: https://www.towardsautomotive.com/price/1189
Regional Analysis
Asia Pacific: Market Leader
Asia Pacific dominates due to strong manufacturing hubs in India, China, Japan, and South Korea. Governments are investing heavily in EV infrastructure, and companies like Honda, Ola Electric, and Ultraviolette are driving innovation.
Notable Development:
In January 2025, Honda announced plans to open a new electric motorcycle plant in India by 2028 to expand production capacity.
Europe: Rapid Growth
Europe’s growth is supported by high demand for electric superbikes in countries like France, Germany, and the UK. Government investments in charging infrastructure are also accelerating market expansion.
Notable Development:
In June 2025, the UK government announced a €4 billion investment in nationwide EV charging infrastructure.
Company Profiles
Zero Motorcycles, Inc.
About: A leading US-based electric motorcycle manufacturer specializing in performance-oriented models.
Products: Zero S, Zero SR/F, Zero FXE, Zero DSR/X.
Market Cap: Estimated USD 1.2 billion.
CAKE
About: Swedish company focused on lightweight electric motorcycles for urban mobility and off-road use.
Products: Kalk OR, Ösa+, Makka.
Market Cap: Estimated USD 350 million.
SUR-RON USA
About: Electric motorcycle brand known for off-road and dual-sport models.
Products: Light Bee X, Storm Bee, Ultra Bee.
Market Cap: Estimated USD 180 million.
Harley-Davidson, Inc.
About: Iconic American motorcycle brand expanding into electric models through its LiveWire division.
Products: LiveWire ONE, S2 Del Mar.
Market Cap: Approximately USD 4.8 billion.
Honda Motor Co., Ltd.
About: Japanese multinational automaker and motorcycle manufacturer with growing EV two-wheeler portfolio.
Products: EM1 e:, Benly e:, upcoming electric superbikes.
Market Cap: Approximately USD 50 billion.
Maeving
About: UK-based electric motorcycle startup blending classic design with modern EV technology.
Products: Maeving RM1, RM1S.
Market Cap: Estimated USD 50 million.
Energica Motor Company S.p.A.
About: Italian manufacturer of high-performance electric motorcycles.
Products: Ego+, Eva Ribelle, EsseEsse9.
Market Cap: Estimated USD 120 million.
Electric Motion
About: French company specializing in electric trial bikes.
Products: EM Escape, EM Epure.
Market Cap: Estimated USD 40 million.
KTM Sport Motorcycle GmbH
About: Austrian motorcycle manufacturer expanding into electric off-road and street models.
Products: KTM Freeride E-XC, upcoming electric motocross range.
Market Cap: Parent company Pierer Mobility AG at approximately USD 2.5 billion.
Recent Industry Developments
-
May 2025: Oben Electric announced a new electric motorcycle lineup for the Indian market targeting 100cc equivalents.
-
February 2025: Ola launched the Roadster X in India with premium features and modern design.
-
February 2025: Revolt unveiled BlazeX with a 3.24 kWh battery offering a 150 km range.
FAQs
Q1. What is the growth rate of the electric motorcycle market?
The market is expected to grow at a CAGR of 5.62% between 2025 and 2034.
Q2. Which region dominates the electric motorcycle market?
Asia Pacific holds the largest share due to high production capacity and supportive government policies.
Q3. What are the main battery types used in electric motorcycles?
Lithium-ion and lead-acid batteries are the two primary battery types used.
Q4. Which segment leads the market in terms of end-use?
The personal segment currently leads, driven by consumer adoption of both budget and premium electric models.
Q5. What is driving growth in the commercial segment?
The expansion of ride-hailing services and fleet adoption for cost savings and sustainability is driving growth.
Source : https://www.towardsautomotive.com/insights/electric-motorcycle-market-sizing
Access our exclusive, data-rich dashboard dedicated to the respective market built specifically for decision-makers, strategists, and industry leaders. The dashboard features comprehensive statistical data, segment-wise market breakdowns, regional performance shares, detailed company profiles, annual updates, and much more. From market sizing to competitive intelligence, this powerful tool is one-stop solution to your gateway.
Access Now: https://www.towardsautomotive.com/contact-us
Become a Valued Research Partner with Us – Schedule a meeting: https://www.towardsautomotive.com/schedule-meeting
Request a Custom Case Study Built Around Your Goals: sales@towardsautomotive.com
About Us
Towards Automotive is a leading research and consulting firm specializing in the global automotive industry. We deliver actionable insights across key segments such as electric vehicles (EVs), autonomous driving, connected cars, automotive software, aftermarket services, and more. Our expert team supports both global enterprises and start-ups with tailored research on market trends, technology, and consumer behavior. With a focus on accuracy and innovation, we empower clients to make informed decisions and stay competitive in a rapidly evolving landscape.
Stay Connected with Towards Automotive:
- Find us on Social Platforms: LinkedIn | Twitter | Instagram
- Subscribe to Our Newsletter: Towards AutoTech
- Visit Towards Automotive for In-depth Market Insights: Towards Automotive
- APAC: +91 9356 9282 04 | Europe: +44 778 256 0738 | North America: +1 8044 4193 44
Get ahead of the trends – follow us for exclusive insights and industry updates: