Motorcycles

  • India EV Market Provides Opportunities and Challenges

    INDIA REPORT
    Aditya Kondejkar

    EDITOR’S NOTE: The 5th Annual TWF (Two Wheeler Forum) took place on Feb. 21 and 22, 2024, at the India International Convention & Expo Centre in Dwarka, New Delhi. Hosted in partnership with Trak N Tell, the event spotlighted aspects of the Indian two-wheeler and three-wheeler industry, spanning both electric and internal combustion engines.

    The landscape of electric vehicles (EVs) in India is undergoing a transformative shift, with the recent 2 wheeler, 3 wheeler, and EV show held in Delhi showcasing the industry’s dynamic evolution. Despite constituting less than 1% of total vehicle sales, the electric vehicle sector holds immense potential, and is projected to grow to over 5% in the years to come. Currently, the Indian roads host over 5 lakh electric 2 wheelers and a modest number of electric cars. However, the market’s growth trajectory remains subject to fluctuations, predominantly influenced by governmental incentives.

    Read More »

  • E-Battery Technology Increases Opportunities

    Michael Aistrup

    As battery technology increases, the opportunities for battery-powered equipment continue to grow, especially in the Lawn & Garden and recreational products segments. The factors of reduced weight, increased charging capacity and lower cost are making battery-powered equipment more attractive to consumers and commercial users in these segments.

    Lawn & Garden. The capacity of lithium-ion battery technology to meet the horsepower needs of the homeowner and the commercial landscaper has grown significantly in the last couple of years. Battery-powered lawn and garden equipment can now match the power of traditional gas-powered lawn and garden equipment. Some brands now have available 56V which is more than double what was the standard power available. Batteries now charge quicker, last longer, and can hold a charge indefinitely.

    Read More »

  • E-Motorcycle Product Report

    Motorcycle purists either love them or hate them, but electric motorcycles are fast becoming a popular reality.  From daily commuters to off-roading to track racing, we’ve seen all kinds of electric bikes hit the road over the past couple of years. There’s an increasing array of e-bikes catering to riders of all shapes, sizes, and kinds coming to market.

    Here is a small sample of some of the leading OEMs and their electric motorcycle products.

    Can-AM/BRP. The first Can‑Am motorcycles are expected to hit the road before the end of 2024. The Canadian Can-AM team is testing bikes in all possible usage conditions, and early feedback from test riders is that two new models deliver a powerful and smooth riding experience. The models include the Can-Am Origin dual-sport and Can-Am Pulse street bike, both slated to launch in mid-2024. Both models are still undergoing testing while construction is underway for a new plant in Querétaro, Mexico, which will produce the electric bikes.

    Read More »

  • Ridesharing Giant Gojek Converting Vehicles To EVs

    SOUTHEAST ASIA: INDONESIA REPORT

    Indonesian ridesharing giant Gojek plans to convert all its motorcycles to EVs by 2030. The adoption of EV motorcycles is now in full swing in Indonesia, the largest motorcycle market in Southeast Asia with annual sales of more than 5 million units.

    Gojek, the country’s leading ridesharing and delivery company, is said to have over 2 million registered riders, including both motorcycles and cars. The full conversion to EV bikes is expected to contribute significantly to the Indonesian government’s goal of 9 million EV bikes by 2030.

    Read More »

  • Global Electric Scooter Market Could Reach $56B in 2033

    GLOBAL REPORT
    Michael Aistrup
    Michael Aistrup

    The global electric scooter market is growing at a rate that will enable it to surpass $56 billion by the end of 2033, according to a forecast by. Power Systems Research. The forecast predicts a projected growth rate of 9.72% by 2033.

    This high growth rate is attributed to the rising demand for electric vehicles because of the increasing worldwide population.

    An Electric Vehicle (EV) is a vehicle that runs on electricity/battery power. Electric vehicles have low running costs due to fewer moving parts and are environmentally friendly as they use little or no fossil fuels. Some EVs use lead-acid or nickel-metal hydride batteries, but lithium-ion batteries are now used in battery-powered electric vehicles for their long life, excellent energy storage, and low self-discharge rate.

    Read More »

  • Honda Plans Personal Electric Motorcycles

    JAPAN REPORT

    Honda said it plans to produce a motor-driven electric motorcycle for individuals in Japan by the end of 2023. This will be the first time Honda produces a product for the public in Japan.

    Overall, Honda said it plans to launch more than 10 models of electric motorcycles worldwide by 2025. Their goal is to increase overall sales, including pedal-powered and electric bicycles, mainly in China and India. The company plans to increase its sales to 3.5 million units worldwide by 2030, more…

    Read More »

  • Global Motorcycle Market Grows at 5.48% Rate

    GLOBAL REPORT
    Michael Aistrup
    Michael Aistrup

    The global motorcycle market is growing at a healthy CAGR of 5.48%, according to Power Systems Research. Revenue for 2021 was approximately $107.1 Billion and projected to be $146.6 Billion by 2030.

    Growth during this period is primarily due to increasing demand from China, India, and ASEAN countries. In addition, growth in traditional markets such as Europe and North America is also anticipated.

    The growth of drivers for the Motorcycle industry come from the requirement for cost-effective private transportation among people around the world.

    Read More »

  • Korean Electric Motorcycle Maker Builds Factory in Vietnam

    FAR EAST: SOUTH KOREA REPORT

    Zio Holdings, a South Korean company engaged in the production and sale of electric motorcycles, says it has completed an electric motorcycle factory in Bac Ninh Province in northern Vietnam.

    The factory covers an area of 1,300 m2 and has an annual production capacity of 12,000 units. The factory will receive parts supplied from original brand factories in Vietnam and China and will assemble the parts at ZIO EV’s factory in Vietnam.

    The electric bikes to be manufactured at the new factory will be named “EDEN” and “MEVOYEZ,” and will use LFP batteries (lithium-ion iron phosphate batteries). The maximum speed is 55Km/h, and the driving range is over 150km. The selling price is expected to be 30 million VND (approximately 176,000 yen).

    Read More »

  • Powersports Market Expected To Exceed US$ 50 Billion

    Power Systems Research is forecasting global revenue for the Powersports industry to grow from $31.5 billion in 2020 to US$ 50.91 billion in 2030, a CAGR of 6% over the forecasted period.

    Global Powersports Market
    All-Terrain Vehicles, Side-by-Side, Powerboats, Snowmobiles and Heavyweight Motorcycles

    Drivers-of-Demand. There are many factors driving the global powersports market growth:

    • Increased all-terrain vehicle popularity.
      • These include the rising participation in recreational activities, like surfing, off-road driving, and snowmobiling.
      • According to the International Snowmobile Manufacturers Association around $36 Billion is spent directly and indirectly on snowmobiling in the US and Canada each year.
      • ATVs have lesser age restrictions, lower maintenance costs, are easier to maneuver due to low vehicle weight and are more affordable
      • Rise in use of powersports to boost adventure tourism traveling to new locations for gaining new experiences, with controlled risk components and personal challenges in wild & exotic environments.
      • People are raising the bar for racing by introducing new terrains and challenges.
      • The market in Europe is expected to showcase exponential growth backed by government policies that promote recreational and off-road leisure activities.
      • Global governmental initiatives to boost the tourism industry by assisting recreational clubs in enhancing their service offerings are creating a favorable environment for the market participating in the construction of dedicated infrastructure for recreational and amusement purposes.
    • Technological innovations have played a major role in developing vehicles.
      • New products have increased comfort, power, engineering, and safety.
      • Utility-terrain vehicles (UTVs) have improved durability and adaptability for off-road riding.
      • Growth in investments and rapid innovations in the automotive sector have resulted in improved performance of powersports vehicles. This has resulted in improved vehicle efficiency, reduced noise and higher power of vehicles. Companies are also focusing on developing electric products for quieter more powerful riding.
    • Growing consumer disposable incomes make it easier for customers to purchase leisure and recreational power equipment.
    • Data prepared by the U.S. Bureau of Economic Analysis (BEA) show that outdoor recreational activities accounted for US$ 374.3 billion in 2020, which is 1.8% of the overall U.S. GPD in 2020.

    Read More »

Current Reports

Download complimentary reports that show the type of information available from Power Systems Research.

PowerTALK News

Stay informed each month with insights from Power Systems Research analysts working around the world as they identify and comment on important news items in the company’s monthly newsletter.

Subscribe
View Archive