The global high-performance electric motorcycle market and it is poised to grow by 28,123 units during 2020-2024, progressing at a CAGR of over 35% during the forecast period says the report of Technavio.The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Bell Custom Cycles, Energica Motor Co. Spa, Evoke Electric Motorcycles, Harley-Davidson Inc., KWANG YANG MOTOR Co. Ltd., Lightning Motors Corp., Sarolea Manx Ltd., SONGUO MOTORS Co. Ltd., TACITA Srl, and Zero Motorcycles Inc, are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Technological advances in high-performance electric motorcycles have been instrumental in driving the growth of the market.