Global Market Size, Forecast, and Trend Highlights Over 2025-2037
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. In the year 2025, the industry size of motorcycle is evaluated at USD 90.07 billion.
The growth of the market can primarily be attributed to the growing need for cost-effective private transportation amongst individuals worldwide, followed by the growing trends of two-wheeler adventure sports and racing, and for the increasing availability of a wide range of motorcycles with different engine sizes. Moreover, growing demand for energy-efficient transportation systems, increasing initiatives by the government of nations worldwide to support electric motorcycles by providing subsidies and tax rebates, and the escalating prices of petroleum products worldwide, are some of the additional factors expected to drive the market growth. Moreover, backed by the rising incidences of motorcycle fatalities, there is a growing focus amongst the motorcycle manufacturers to develop enhanced safety vehicles, which is anticipated to drive the market growth.
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
| Report Attribute | Details |
|---|---|
|
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 |
|
Motorcycle Segmentation
The global motorcycle market is segmented by type into motorbike, light motorcycle, electric bikes, sports motorbike, moped, ice motorcycle, scooter, and others. Amongst these, the sports motorbike segment is expected to hold the largest market share throughout the forecast period and further attain a market revenue share of 39.16% by the end of 2037. The market is also segmented on the basis of engine type into less than 200CC, 200-400CC, 400-600CC, 600-800CC, 800-1000CC, and above 1000CC. Amongst these segments, the above 1000CC segment is expected to hold the largest market share in the coming years and further reach a market revenue share of 34.79% by the end of 2037. The motorcycle market is also segmented on the basis of application into daily commute, racing, off road, and others. Amongst these segments, the racing segment is expected to garner the largest market revenue share of 31.81% by the end of 2037.
Vishnu Nair
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Motorcycle Industry - Regional Synopsis
Regionally, the global motorcycle market is segmented into four major regions, namely, North America, Europe, Asia Pacific, and Rest of the World. Amongst the market in these regions, 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 sales of non-electric motorcycles in the region in the year 2020 recorded to around 33000 Thousand units, whereas that of electric motorcycles was close to 1300 Thousand units. Moreover, it has also been found that the production of electric motorcycles below 200CC has witnessed a massive growth, which is also anticipated to drive the motorcycle market growth in the region in the coming years.
Companies Dominating the Motorcycle Landscape
- Bayerische Motoren Werke (BMW) AG
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Ducati Motor Holding S.p.A.
- Honda Motor Co., Ltd.
- Yamaha Motor Co., Ltd.
- others.
Recent Developments
- May 19, 2021: Yamaha Motor Co., Ltd. announced that it would launch a supersport motorcycle, titled YZF-R7 in the U.S. and Europe, with a domestic launch in Japan. The motorcycle, which is scheduled for release post the winter of 2021, would feature a 689cm3 engine, along with a lightweight backbone style frame which is tuned for rigidity balance.
- Report ID: 651
- Published Date: Dec 23, 2024
- Report Format: PDF, PPT
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Motorcycle Market Report Scope
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