Global Motorcycle Market by Cover Page

Motorcycle Market by Types (Sports, Standard, Scooters, and Others), Engine Capacities (50-100CC, 101-125CC, 125-150CC, 151-300CC, and 301-500CC), Propulsion Types (ICE and Electric), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2022 – 2030

  • Report ID: AL-4094
  • Author: Growth Market Reports
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  • No. Of Pages: 174
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The global motorcycle market size was valued at USD 115.4 billion in 2021 and is expected to surpass USD 234.3 billion by 2030, expanding at a CAGR of 6.3% during the forecast period, 2022–2030. The growth of the market is attributed to the rising spending on bikes, increasing number of scooter users among the working women population, and rapid introduction of user-friendly standard bikes.
 

 

A motorcycle or a bike can be described as a two-wheeled motor vehicle, which has a maximum capacity of two riders. A range of motorbikes is available in the market that is designed for the use of various purposes such as short-distance community, sports racing, off-road ride, long-distance ride, and cruising. Depending on the types of usage, some bikes have more fuel capacity, higher mileage coverage, and larger engine capacities compared with other bikes. Standard bikes or scooters are the most commonly used bikes as they are widely appropriate for daily use and a better choice for short-distance transport. One key aspect of the rapid development of the motorbike market is due to increasing road congestion, high traffic, and rising number of narrow roads or lanes. The introduction of disk brakes and the invention of anti-lock braking systems (ABS) are some of the key upgrades that are likely to enhance the safety ride of bikers, which is likely to boost the overall motorbike demand.

The COVID-19 pandemic had a mixed impact on the global motorcycle market. A prolonged shutdown of manufacturing units of the automotive industry, lack of sufficient workforce, and chain supply disturbance, impacted by the emergency lockdown had completely hampered the production of new bikes. However, the sale of the old stock of motorbikes had increased tremendously during the pandemic as many commuters got afraid of using public transport vehicles including buses, cabs, and autorickshaws. The partial reopening of corporate offices has boosted the demand for motorcycles as the majority of employees prefer to use personal vehicles for transport. As per the global report released by Motorcycles Data in December 2020, the majority of motorcycle manufacturers in the US experienced a surge in demand and had a massive growth result for their products. According to a report in the New York Times in March 2020, the sales of bikes increased by 85% as compared to the previous financial year in the US.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing global population, rising disposable income, and growing urban population are key factors boosting the market.  
  • Wide popularity of bike-rider groups and the increasing number of rider associations such as bullet riders’ or Harley-Davidson riders’ associations across the globe present another key driver of the market.   
  • Growing number of the working women population and their high spending on personal transport vehicles are expected to fuel the market in the coming years.
  • Rising fuel prices and inconvenience to use during rain or extreme weather conditions such as summer heat and winter cold act as major challenges in the market expansion.  
  • Availability of cost-effective public transport means and safety concerns of riding bikes are other hurdles that can hinder the market growth.  
  • Massive R&D investment and rapid introduction of electric-based bikes or scooters are creating lucrative growth opportunities for the market.

Scope of the Report

The report on the global motorcycle market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
 

Attributes

Details

Report Title

Motorcycle Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2021

Historic Data

2019–2020

Forecast Period

2022–2030

Segmentation

Types (Sports, Standard, Scooters, and Others), Engine Capacities (50-100CC, 101-125 CC, 125-150CC, 151-300CC, and 301-500CC), and Propulsion Types (ICE and Electric)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Yamaha Motors Co.; Suzuki Motor Corporation; Honda Motor Co., Ltd.; Harley-Davidson, Inc.; Triumph; Eicher Motors Ltd.; Zero Motorcycles, Inc.; Bayerische Motoren Werke (BMW) AG; Hero MotoCorp Ltd.; TVS Motors Co. Ltd.; Bajaj Auto Ltd.; and Piaggio & C. SpA.

 

Market Segment Insights

Availability of affordable price bikes drives the standard segment

Based on types, the global motorcycle market is divided into sports, standard, scooters, and others. The standard segment held a large market share in 2021 and is expected to expand at a rapid pace during the forecast period owing to the wide availability of affordable price-range bikes, good mileage offers, and easy operation of the bike by all types of age groups including old-age people. On the other hand, the sports segment is anticipated to hold a large market share in the coming years owing to rising users of sports and luxury bikes that have strong and powerful engine capacity. Most sports bikes are light-weighted and offer high performance during the ride.  
 

 

The 301-500CC segment to register a substantial growth rate

In terms of engine capacities, the market is segmented into 50-100CC, 101-125 CC, 125-150CC, 151-300CC, and 301-500CC. The 301-500CC segment is projected to register a substantial growth rate during the targeted period owing to increasing demand for high-performance bikes, especially among a high-middle class income group. Bikes with high engine capacity are mostly suitable for long drives and are widely available as cruiser bikes.   

High penetration fuels the ICE segment

On the basis of propulsion types, the global motorcycle market is bifurcated into ICE and electric. The ICE segment held a dominant market share in 2021 and is projected to register a considerable CAGR during the forecast period due to high penetration of the vehicle type in the market and wide adoption of the bikes for both personal and commercial use. The segment growth is further attributed to rapid expansion of courier services for food & beverage products and delivery services. On the other hand, the electric segment is projected to exhibit a high CAGR during the forecast period owing to strict government regulations for reducing carbon emissions and tackling air pollution.

Asia Pacific dominates the market

In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is a fast-growing market and the market was worth USD 76.5 billion in 2021. The regional market is projected to register a robust growth rate during the forecast period owing to the presence of leading giants of bike manufacturers in major economies such as India, Japan, and China. The regional market growth is largely attributed to the abundant availability of raw materials, rising middle-class income populations, and presence of well-established and advanced manufacturing infrastructure in the region. According to a December 2020 report by the MotorCycles Data, the China motorcycle industry has an average bike sale of 1.6 million units per year. On the other hand, Europe is expected to constitute a key share of the market during the projected period owing to the rising R&D programs for technological innovation of bikes in the region. Germany accounted for a dominant share of the regional market in 2021 and the trend is likely to continue in the coming years. As per a report by MotorCycles Data in January 2021, the Germany motorcycle industry witnessed more than 300% growth in 2020 based on year-on-year revenue sales.  
 

Segments

Segments Covered in the Report

The global motorcycle market has been segmented on the basis of


Types
  • Sports
  • Standard
  • Scooters
  • Others

Engine Capacities
  • 50-100CC
  • 101-125CC
  • 125-150CC
  • 151-300CC
  • 301-500CC

Propulsion Types
  • ICE
  • Electric

Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players
  • Yamaha Motors Co.
  • Suzuki Motor Corporation
  • Honda Motor Co., Ltd.
  • Harley-Davidson, Inc.
  • Triumph
  • Eicher Motors Ltd.
  • Zero Motorcycles, Inc.
  • Bayerische Motoren Werke (BMW) AG
  • Hero MotoCorp Ltd.
  • TVS Motors Co. Ltd.
  • Bajaj Auto Ltd.
  • Piaggio & C. SpA

Competitive Landscape

Key players competing in the global motorcycle market are Yamaha Motors Co.; Suzuki Motor Corporation; Honda Motor Co., Ltd.; Harley-Davidson, Inc.; Triumph; Eicher Motors Ltd.; Zero Motorcycles, Inc.; Bayerische Motoren Werke (BMW) AG; Hero MotoCorp Ltd.; TVS Motors Co. Ltd.; Bajaj Auto Ltd.; and Piaggio & C. SpA. Some of these players actively engage in various business development strategies such as launching new bike models, advanced technology development, and innovative components.
For instance,

  • Suzuki Malaysia announced in February 2022 that they had finalized their plan to launch different models namely Belang 150, GSX-R150 sports bike, and GSX-150 by the next month.
  • In July 2020, BMW announced that it would soon integrate its latest technology, the Active Cruise Control (ACC) system into its new motorbikes to provide utmost comfort and safety to the riders. BMW Motorrad developed the ACC rider assistance system in cooperation with its partner, Bosch.
 
Global Motorcycle Market by Key Players
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Motorcycle Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Motorcycle Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Motorcycle Market - Supply Chain
  4.5. Global Motorcycle Market Forecast
     4.5.1. Motorcycle Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Motorcycle Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Motorcycle Market Absolute $ Opportunity
5. Global Motorcycle Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Motorcycle Market Size and Volume Forecast by Types
     5.3.1. Sports
     5.3.2. Standard
     5.3.3. Scooters
     5.3.4. Others
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Motorcycle Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Motorcycle Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Motorcycle Demand Share Forecast, 2019-2026
7. North America Motorcycle Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Motorcycle Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Motorcycle Market Size and Volume Forecast by Types
     7.4.1. Sports
     7.4.2. Standard
     7.4.3. Scooters
     7.4.4. Others
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Motorcycle Demand Share Forecast, 2019-2026
8. Latin America Motorcycle Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Motorcycle Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Motorcycle Market Size and Volume Forecast by Types
     8.4.1. Sports
     8.4.2. Standard
     8.4.3. Scooters
     8.4.4. Others
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Motorcycle Demand Share Forecast, 2019-2026
9. Europe Motorcycle Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Motorcycle Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Motorcycle Market Size and Volume Forecast by Types
     9.4.1. Sports
     9.4.2. Standard
     9.4.3. Scooters
     9.4.4. Others
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Motorcycle Demand Share Forecast, 2019-2026
10. Asia Pacific Motorcycle Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Motorcycle Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Motorcycle Market Size and Volume Forecast by Types
     10.4.1. Sports
     10.4.2. Standard
     10.4.3. Scooters
     10.4.4. Others
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Motorcycle Demand Share Forecast, 2019-2026
11. Middle East & Africa Motorcycle Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Motorcycle Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Motorcycle Market Size and Volume Forecast by Types
     11.4.1. Sports
     11.4.2. Standard
     11.4.3. Scooters
     11.4.4. Others
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Motorcycle Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Motorcycle Market: Market Share Analysis
  12.2. Motorcycle Distributors and Customers
  12.3. Motorcycle Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Yamaha Motors Co.
     12.4.2. Suzuki Motor Corporation
     12.4.3. Honda Motor Co., Ltd.
     12.4.4. Harley-Davidson, Inc.
     12.4.5. Triumph
     12.4.6. Eicher Motors Ltd.
     12.4.7. Zero Motorcycles, Inc.
     12.4.8. Bayerische Motoren Wer

Segments Covered in the Report

The global motorcycle market has been segmented on the basis of


Types
  • Sports
  • Standard
  • Scooters
  • Others

Engine Capacities
  • 50-100CC
  • 101-125CC
  • 125-150CC
  • 151-300CC
  • 301-500CC

Propulsion Types
  • ICE
  • Electric

Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players
  • Yamaha Motors Co.
  • Suzuki Motor Corporation
  • Honda Motor Co., Ltd.
  • Harley-Davidson, Inc.
  • Triumph
  • Eicher Motors Ltd.
  • Zero Motorcycles, Inc.
  • Bayerische Motoren Werke (BMW) AG
  • Hero MotoCorp Ltd.
  • TVS Motors Co. Ltd.
  • Bajaj Auto Ltd.
  • Piaggio & C. SpA

Key players competing in the global motorcycle market are Yamaha Motors Co.; Suzuki Motor Corporation; Honda Motor Co., Ltd.; Harley-Davidson, Inc.; Triumph; Eicher Motors Ltd.; Zero Motorcycles, Inc.; Bayerische Motoren Werke (BMW) AG; Hero MotoCorp Ltd.; TVS Motors Co. Ltd.; Bajaj Auto Ltd.; and Piaggio & C. SpA. Some of these players actively engage in various business development strategies such as launching new bike models, advanced technology development, and innovative components.
For instance,

  • Suzuki Malaysia announced in February 2022 that they had finalized their plan to launch different models namely Belang 150, GSX-R150 sports bike, and GSX-150 by the next month.
  • In July 2020, BMW announced that it would soon integrate its latest technology, the Active Cruise Control (ACC) system into its new motorbikes to provide utmost comfort and safety to the riders. BMW Motorrad developed the ACC rider assistance system in cooperation with its partner, Bosch.
 
Global Motorcycle Market by Key Players

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FAQ Section

Some frequently asked quetions about this report!

The market of Asia Pacific was worth USD 76.5 billion in 2021.

The global motorcycle market size was valued at USD 115.4 billion in 2021 and is expected to surpass USD 234.3 billion by 2030.

Some of the key drivers of the market include rising spending on bikes, increasing number of scooter users among the working women population, and rapid introduction of user-friendly standard bikes.

The market is projected to expand at a CAGR of 6.3% during the forecast period, 2022–2030.

Key players of the market are Yamaha Motors Co.; Suzuki Motor Corporation; Honda Motor Co., Ltd.; Harley-Davidson, Inc.; Triumph; Eicher Motors Ltd.; Zero Motorcycles, Inc.; Bayerische Motoren Werke (BMW) AG; Hero MotoCorp Ltd.; TVS Motors Co. Ltd.; Bajaj Auto Ltd.; and Piaggio & C. SpA.