Motorcycle Sector: Growth Drivers and Challenges
Growth Drivers
- Growing Need for Cost-Effective Private Mode of Transportation
- Increasing Adoption of Electric Motorcycles
Challenges
- Rise in Concerns for Safety Related Issues with Motorcycles
Motorcycle Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
6.5% |
|
Base Year Market Size (2024) |
USD 85.35 billion |
|
Forecast Year Market Size (2037) |
USD 193.53 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of motorcycle is evaluated at USD 90.07 billion.
Motorcycle Market size was over USD 85.35 billion in 2024 and is poised to exceed USD 193.53 billion by 2037, growing at over 6.5% CAGR during the forecast period i.e., between 2025-2037.
Asia Pacific industry is poised to account for largest revenue share by 2037, attributed to increasing production of both electric and non-electric two-wheelers in the region
The major players in the market are Bayerische Motoren Werke (BMW) AG, Ducati Motor Holding S.p.A., Honda Motor Co., Ltd., Yamaha Motor Co., Ltd., and others.
