Report forecast the global high-performance
electric motorcycle market to grow at a CAGR of 45.22% during the period
2016-2020.
A high-performance electric motorcycle is propelled
purely by electricity and is geared with advanced electric motorcycle
powertrain components and Li-ion batteries (with high-energy density). These
are sporty electric battery-powered motorcycles with top speeds in excess of 90
miles per hour and mile range beyond 80 miles. These motorcycles are equipped
with high-density batteries that generate a large amount of torque. These
high-performance electric motorcycles were launched into the superbike and
sports segment in competition with traditional ICE-propelled superbikes.
The global high-performance electric motorcycle
market is driven by several factors, which include advancements in battery
technology, lower operating and maintenance costs, subsidies and incentives
offered by the government, and rising customer confidence stemming from
encouraging developments in the electric car market. Governments in many
countries have extended benefits in the form of financial incentives to buyers
of battery electric motorcycles.
The report covers the present scenario and the
growth prospects of the global high-performance electric motorcycle market for
2016-2020. To calculate the market size, Technavio considers the revenue
generated from the unit sales of high-performance electric motorcycles across
all regions. The report does not include revenue generated from the aftermarket
service of the product.
The market is divided into the following
segments based on geography:
- APAC
- Latin America
- North America
- Western Europe
According to the report, one driver fostering growth
in this market is the lower total operating and maintenance costs.
High-performance electric motorcycles offer low operating costs compared to
conventional ICE motorcycles with the same level of performance. In the US, the
operating cost of high-performance electric motorcycle is less than one-fourth
of the operating cost of gasoline-powered motorcycles.
Further, the report states that one challenge
impeding growth in this market is the lack of supporting infrastructure and
standards. Purely electric motorcycles, which include high-performance electric
motorcycles, draw the energy for motion from the on-board Li-ion batteries. To
keep the electric motorcycle running, the batteries require to be recharged
frequently. The batteries installed in high-performance electric motorcycle
have high power rating, ranging from 12 kWh to 20 kWh, due to which the growing
number of electric motorcycles on road create a challenge for the market.
Global High-performance Electric Motorcycle
Market 2016-2020, has been prepared based on an in-depth market analysis
with inputs from industry experts. The report covers the market landscape and
its growth prospects over the coming years. The report also includes a
discussion of the key vendors operating in this market.
key players in the global high-performance electric
motorcycle market: Energica, Lightning Motorcycles, Victory Motorcycles, and
Zero Motorcycles.
Other Prominent Vendors in the market are: Sora
electric motorcycle, Saietta R, Brutus V9, TORK Motorcycles, ZecOO Electric
motorcycle, ElectroForce Motors, and Johammer.
Market driver
- Lower total operating and maintenance costs than ICE-powered machines
- For a full, detailed list, view our report
Market challenge
- High cost of manufacturing
- For a full, detailed list, view our report
Market trend
- Continuous improvement in battery technology
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 78 pages and 47 Exhibit “Global
High-performance Electric Motorcycle Market 2016 - 2020” report covers Executive
summary, Scope of the report, Market research methodology, Introduction, Market
landscape, Geographical segmentation, Market drivers, Impact of drivers, Market
challenges, Market trends, Key vendor analysis, Appendix.
For
more information Visit at: http://mrr.cm/J8j
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