The high-performance electric motorcycle market is expected to grow by 23,600 units with a CAGR of almost 28% during 2021-2025, according to a new research report by Technavio. The report also highlights the COVID-19 pandemic impact on the market along with detailed insights on the upcoming growth opportunities and challenges for the market players.
High-performance electric motorcycle market: Declining prices of Li-ion batteries.
High-performance electric motorcycles are increasingly being equipped with Li-ion batteries. Any fluctuations in the cost of Li-ion batteries have an impact on the overall cost of high-performance electric motorcycles. With an increase in the production scale and improvements in manufacturing efficiency, the cost of Li-ion batteries is declining. This decline in the cost of Li-ion batteries is leading to a reduction in the overall production cost of high-performance electric motorcycles, which will have a positive impact on their adoption. This will further drive the sales of high-performance electric motorcycles during the forecast period.
“Surging technological advances in high-performance electric motorcycles and growing government support for the adoption of electric vehicles will further boost market growth during the forecast period”, says a senior analyst at Technavio.
