How Big Is the Electric Motorcycle Market | Segment & Growth 2031

Q: How big is the electric motorcycle market size?

The electric motorcycle market is projected to reach approximately USD 23.5 billion by 2031.

Q: What is the CAGR of the electric motorcycle market during the forecast period?

The electric motorcycle market is expected to grow at a CAGR of 16.4% during the forecast period.

Q: What are the major drivers of electric motorcycle adoption?

Key drivers include rising fuel costs, urban congestion, sustainability goals, and government support for e-mobility.

Q: What are the main challenges for the electric motorcycle market?

Challenges are limited range, high initial costs, lack of charging infrastructure in rural areas, and battery disposal concerns.

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Code: MTA5798

Publication Date: Jul 2025

How big is the electric motorcycle market?

According to 6Wresearch internal database and industry insights, Global Electric Motorcycle Market was valued at approximately USD 8.2 billion in 2024 and is projected to reach USD 23.5 billion by 2031, growing at a CAGR of 16.4% during the forecast period.

This growth is driven by rising fuel prices, government incentives for electric mobility, and increasing environmental concerns. Technological advancements in battery systems, improvements in charging infrastructure, and consumer preference for low-maintenance transport options further support market expansion.

Key Growth Factors of the Electric Motorcycle Market

Increasing awareness of carbon emissions and environmentally friendly transportation
Governments all over the world provide incentives and subsidies.
Improvements in fast charging technology and battery performance
Growing demand for short-distance and urban transportation options
Combining intelligent and networked mobility features
Infrastructure expansion for charging in developing areas

Electric Motorcycle Market Trends

The electric motorcycle market is rapidly developing with a strong emphasis on lightweight design, smart connectivity, and range optimization. Subscription-based battery swapping, AI-based diagnostics, and smartphone integration are gaining ground. Premium and performance-based electric motorcycles are also seeing increased demand in urban markets.

Emerging Developments in the Electric Motorcycle Market

Manufacturers are investing in solid-state batteries, modular motor designs, and regenerative braking systems. Strategic collaborations between OEMs and battery suppliers, rising venture capital funding for startups, and developments in wireless charging are shaping the future of the market.