According to a recent study titled ‘Premium Electric Motorcycle Market Size By Product, By Battery Capacity, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 - 2026’, available with Market Study Report, global premium electric motorcycle market is expected to record an appreciable growth rate during 2019-2026, subsequently accumulating USD 7 billion by the end of the forecast period.
 

Rising concerns regarding increasing carbon levels, subsidies by various federal authorities, development of an efficient charging infrastructure, along with technological innovations in electric engines & batteries are fueling global premium electric motorcycle market growth. However, higher cost of these  motorcycles in comparison to IC engine counterparts may restrain the industry expansion, cites the study.
 

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For the uninitiated, premium electric motorcycle offers maximum torque, improved speed, better aesthetics, and longer traveling range as compared to IC engine-based motorcycles, which is likely to bolster the demand for these vehicles in the coming years.
 

Based on the product terrain, global premium electric motorcycle from the sport segment is expected to record a sizeable growth in the coming years, driven by the product’s capability of delivering maximum efficiency at higher speeds up to 200 km/h. Further, increasing initiatives to host electric bike racing events is likely to boost the segmental share in the upcoming years.
 

In terms of battery capacity, 10-15 kWh segment is touted to gain significant traction due to rising demand for electric bikes designed for operating in urban areas. These bikes have lower battery capacities and travel range, making it ideal for urban driving scenario. Moreover, manufacturers are integrating easily swappable battery features into these low-capacity motorcycles which would eliminate the need to repetitively recharge drained out batteries, thereby improving the sales prospects.
 

Considering the regional outlook, North America premium electric motorcycle industry will grow significantly owing to factors such as increasing federal initiatives towards reducing carbon emissions and GHGs, growing focus of regulators to deploy more charging stations, and rising disposable income of the populace.
 

Companies that hold majority of worldwide premium electric motorcycle market are Zero Motorcycles Inc., Ultraviolette Automotive Pvt Ltd., Tacita S.r.l., Savic Motorcycles, Revolt Motors, Lightning Motorcycles, KTM Sportmotorcycle GmbH, IVelectrics, Harley Davidson, Inc., Hadin Motorcycles, Co., Ltd., Evoke Electric Motorcycles (HK) Ltd., Energica Motor Company S.p.A., Emflux Motors, Brutus Electric Motorcycle, and Arc Vehicle Ltd.