This information comes from industry interviews and from two proprietary databases maintained by Power Systems Research: EnginLink™ , which provides information on engines, and OE Link™, a database of equipment manufacturers.
Market Overview. The global UTV/ATV market size was US$ 8.66 billion in 2021, with a compound annual growth rate (CAGR) of 6.13%. PSR forecasts the global market to grow to US$ 11.67 billion by 2026
The North American UTV/ATV market was valued at US$ 6.66 billion in 2021, and it is expected to reach US$ 8.50 billion in 2026, registering a CAGR of about 5.00% during the forecast period (2022 – 2026).
Applications. UTVs/ATVs were originally associated with sports and recreational activities. Application of these vehicles has diversified, and they are now being used in the agricultural sector and for patrolling, hunting, gardening, and other activities.
A recent application is the United States Army. The military has shown interest in acquiring UTVs/ATVs with features such as rapid transportation, the ability to carry nine fully armed soldiers, agility, and a minimum of 55 mph.
The global e-motorcycle market is changing almost daily as market share leaders develop new products and new companies continue to enter the market with competitive products. Here’s an update on several leading e-motorcycle OEMs.
Tork Motors has launched the Kratos electric motorcycle in the Indian market. The new Tork Kratos will be sold in two variants – Standard and R and will be available across India in a phased manner. In the first phase, this e-motorcycle will be available in Pune, Hyderabad, Bangalore, Chennai, Ahmedabad, and Delhi. The electric motor on the base model makes a peak power output of 7.5kW or 10.05bhp and a maximum torque of 28Nm. Tork has a manufacturing capacity to make about 500 units a month at its pilot plant and about 4,000 units a month at its new plant at Chakan near Pune.
The global e-motorcycle market has experienced high growth in the last couple of years, fueled in part by the declining price of Lithium-ion batteries. The battery is one of the most expensive components of an e-motorcycle, and changes in the price of Li-ion batteries affect the entire cost of an e-motorcycle. The cost of Li-ion batteries has been steadily declining, and this trend is likely to continue.
Power Systems Research has forecasted the global CAGR for electric motorcycles, at 11% for the years 2022 – 2027.
Drivers-of-Demand for this forecasted growth are:
Increased environmental concerns.
Higher fuel efficiency of e-motorcycles compared to conventional motorcycles.
Increased demand for sustainable transportation.
New incentive programs for e-motorcycles driven by government units.
Advancements in technology such as high-speed handling, smaller/compact size, quicker acceleration, and reduced motor weight.
Introduction of fast-charging stations.
COVID-19 virus played a vital role in increasing the demands for the e-motorcycle. Pandemic halted the manufacturing of vehicle components and OEM parts for conventional motorcycles and available e-motorcycles in the market became the first choice among the consumers.
Expanding dealer and distributor network promoting the e-vehicle and its advantages.
Consistent research and technological advancements in the automobile industry to provide advanced technologies to e-motorcycles
Two factors hampering the growth of the market are the comparatively higher initial cost for e-motorcycles and the lack of a developed charging infrastructure. PSR
Michael Aistrup is Senior Analystspecializing in Recreational Products at Power Systems Research
Vietnamese electric bike manufacturer Dat Bike says it has raised $5.3 million. This brings the total raised by Dat Bike, founded in 2019, to $10 million. The funds will be used to invest in technology, increase production, expand operations to major cities in northern, central, and southern Vietnam, and hire skilled workers.
Dat Bike is a tech startup that plans to promote environmentally friendly transportation, first in Vietnam and then soon in Southeast Asia. The company’s strength lies in the performance of its electric bikes compared to gasoline-powered bikes. The company achieves this through vertical integration, in which key components such as speed controllers and batteries are designed and manufactured in-house.
The company currently sells two products: the Weaver, launched in 2019, has an output of 5 kW, about three times that of most electric bikes in the same price range. It has a range of 100 kilometers, about twice as long as competing models.
Over the last decade we have worked to reduce fossil fuel consumption in Europe without cutting back the use of our cars, trucks, and motorbikes. It was thought that by mixing diesel and fuel with crop-based bio-fuel it would reduce fossil fuel usage.
However, over the last 30 years the emission of CO2 has increased, raising questions about the effectiveness of this measure. After extended analysis from the Environmental Action Germany (DUH), it has been concluded that this may not be a solution to the problem of reducing carbon emissions.
Consider that the production and consumption of immense areas of land across the globe dedicated to the cultivation of these fuels actually have a huge environmental cost. For example, to satisfy Germany’s appetite for these natural bio-fuels, 1.3 million hectares of land have been converted to its production. This equates to 9.2 million tons of CO2 saved each year. However, if we were to dedicate this land to natural restoration projects with a portion dedicated to solar energy production, we would be able to save 27.5 million tons of CO2 each year.
Piaggio, which sells electric scooters in Europe, is developing products specifically for India but it will take 18-24 months to enter the market. It will focus on scooters and not launch electric motorcycles.
The large automaker has 2024 in its sights as a realistic go-to-market timeline for the new scooter.
“We are interested in providing customers with a solution in the two-wheeler space that (makes sense) even beyond the effect of subsidies. It is a matter of fact that the players that have entered recently in this space are gaining volumes on the base of subsidies,” says Diego Graffi, MD & CEO Piaggio India
Yamaha plans to launch a series of electric motorcycles in Japan and overseas this spring. Electric motorcycles with an engine displacement equivalent to 125cc will be leased and sold on a trial basis in Europe, Japan and other countries. In response to the global trend of decarbonization, Yamaha has set a goal of reducing CO2 emissions to virtually zero by 2050. The 125cc equivalent electric motorcycle has been on the market in Taiwan, but this is the first time it has been offered in Europe and Japan.
The motorcycle has been developed based on the E01 concept vehicle, which was unveiled at the 2019 Tokyo Motor Show. The company avoided mentioning specifics about the range and other specifications but said that the E01 would be equipped with a high-powered fixed battery that can run at high speed while meeting the range requirements for daily use, and that it would support quick charging as well as normal charging.
Many of us hoped to be in the post-Covid phase by now, but it is evident that there is no quick way out. The pandemic has had a profound impact on the world economy, and it will continue to challenge established norms of life and business into the foreseeable future. As we start the new year, many challenges remain, new and old alike: re-surgency of COVID variants, restrictions on travel, supply chain challenges, shortages of materials/goods, inflation, and employment, as well as renewed geopolitical tensions across many parts of the globe.
Power Systems Research witnessed a strong economic recovery globally in 2021, despite regional differences. Output in most OECD countries has now either surpassed or is about to reach pre-pandemic levels, but lower-income economies, particularly those where vaccination rates are low, are at risk of being left behind. Furthermore, the rebound will continue to vary widely among different market segments.
Global inflation re-surfaced in 2021 and presents a real risk to economic recovery in all regions. The renewed inflationary pressure risks lasting longer than was expected a few months ago. The surge in retail and wholesale energy costs in late 2021 will undermine economic growth prospects for large parts of Europe and Northeast Asia well into 2022. Rising food and energy prices already have impact on low-income households in particular.
Today Joe Delmont presents the 2021 forecast for Combine production in North America. This forecast has been developed by Carol Turner, Senior Analyst of Global Operations at Power Systems Research. Carol provides annual production forecasts for important equipment applications.
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