1.1 Introduction

Electric motorcycles are two or three-wheeled plug-in electric vehicles. This bike has a two or three-wheel layout, is fitted with a battery and electric motor, and is used for commuting, long-distance travel, and cruising. Electric motorcycles segment includes electric bikes, electric mopeds, electric bicycles, and electric scooters, which are two-wheeled vehicles powered by an electric motor.

The electric motorcycles and scooters market was valued at $30 billion in 2022 and it's predicted to expand at a 5% CARG rate from 2023 to 2032. the most important factors in this growth are the introduction of strict regulations to limit CO2 emissions and the desire by consumers to be more eco-friendly.

The Asia-Pacific territory is the most important market with 90% of the global demand, 93% of which comes from China. This country is the most favourable place for the elesctric mobility business to thrive thanks to low production costs and a highly developped charging infrastructure.

The UK is a net importer of electric bicycles, and the trade flow of this commodity of the last five years are a signal of its growth, exports grew by 400% and imports by 472%. However, the industry is still at an infant stage. In 2022, just 5.6% of motorcycle sold were electric. Therefore, the electric segment of the motorcycle market is valued at roughly $13.4 million. Nevertheless, if we look at the traditional motorbikes market, and we take into consideration the fact that the UK has made plans to ban all ICE motorcycles by 2035, there is certainly a huge growht potential.

1.2 The global market

The electric motorcycles and scooters market was valued at $** billion in **** and it's predicted to expand at a *% CARG rate from **** to **** [***]. The introduction of strict regulations to limit CO* emissions by many western countries will boost the demand in the next few years, while in Asia, and particularly in China, ...

1.3 The UK market

In ****, there were *.* million motorbikes travelling on UK's roads, an important increase over **** and the previus years.

Number of motorcycles in use UK, ****-****, Millions Motorcycle industry association

Despite these numbers, the electric motorcycle industry in the UK is at an infant stage. In ****, just *.*% of motorcycle sold were electric. The ...

1.4 Export-Import

The UK is a net importer of electric bicycles, the trade flow of this commodity of the last five years are a signal of its growth, exports grew by ***% and imports by ***%.

Export-Import of electric motorcycles (***) UK, ****-****, millions of US$ UNComtrade

Exports are minimal and mainly directed towards: Ireland, the ...

1.5 Covid impact

The pandemic had a bad impact on the whole automotive indutry, manufacturing processes were shut down and demand has been almost non existent for some months. After the crisis was over, we saw an invertion of this trend, with particularly haigh demand, however, shortly after, supply chain innefiecency and issues related ...

2.1 The demand

There is a study by Bikeure that interviews more than *** UK motorcycle users to find out the sentiment of UK resisdents towards electric motorcycles.

In this study we find that almost **% of the interviewed would like to own or already own an electric motorbike (***), the reasons for this interest are economical, ...

2.2 Demand drivers

The main drivers for the demand of electric bikes are:

Enviromental concerns Economical benefits Performance and innovation

Enviromental concerns are of course the main reason why people feel the need to get an electric motorbike, even if there is a strong sentiment that ICE bikes should never be banned (***), the majority ...

2.3 New trends for the demand

The demand for electric vehicles has been, until now, pushed by the benefits that these type of vehicles provide for city use and short, everyday journeys. However, with tecnological improvements opening up new possibilities and the fact that soon electric will be the only option, consumers are looking for vehicles that ...

3.1 The market

As previously reported, the market is at an infant stage and there no data on the actual number of companies operating in the sector or on their composition. However, we do have data on the companies that manufacture electrical and electronic equipment for motor vehicles and on the manufacture of electric ...

3.2 The value chain

The value chain of electric motorcycles, as for all electric vehicles, is fairly elaborated.

The production of batteries and motors is mainly located in China, to understand why, we have to look at the materials that are needed to make these products.

Batteries: the most common technology for battery is lithium-ion, ...

3.3 Distribution channels

The distribution channels of the motorcycle industry haven't changed in the last years. Classic dealerships are still the place where people go to find information about the bikes, to try them and eventually buy them. However, now we have technological means that were not around when dealerships were invented, so some ...