Motorcycle Market Size, Share, Trends, Value 2030

Motorcycle Market

Motorcycle Market Crop Type (ICE Motorcycle, Scoters, Motorbikes, Light Motorcycles, Sports Motorbikes, Mopeds, and Electronic Motorcycles, and Motor Cycles for Handicapped): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Category: Automotive Report Format : PDF Pages: 110 Report Code: ZMR-304 Published Date: Nov-2020 Status : Published
Market Size in 2019 Market Forecast in 2026 CAGR (in %) Base Year
USD 120.23 Billion USD 157.16 Billion 3.9% 2020

According to the report published by Zion Market Research, global demand for the motorcycle market was valued at approximately USD 120.23 Billion in 2019 and is expected to generate revenue of around USD 157.16 Billion by end of 2026, growing at a CAGR of around 3.9% between 2020 and 2026.

Global Motorcycle Market: Overview

A motorcycle is a two- or three-wheeled vehicle used in day-to-day life. Almost everybody either owns it or had tried it. The motorcycle is a need for grownups and most of the younger population, it is a style statement. Motorcycle manufacturing companies are putting their best efforts to cater to every need of motorcycle enthusiasts and general users. Every motorcycle is a symbol of the personality of the user and hence market tries to serve different types of demands of bike lovers.

Global Motorcycle Market: Growth Factors

As the number of young population in the world is higher and increasing and lifestyle is taking certain changes, the young generation, even middle age and old people prefer to have their vehicle rather than travel by public transport. It provides time flexibility and comfort to the user. This is the base of the global motorcycle market and its growth. Apart from that, many producers are inventing ways to build bikes that will run on eco-friendly supplies like solar energy, water, or electricity. These efforts are helping to attract environmentally conscious people to the market. Plus, flooding markets with stylish and attractive bikes are playing their role well to tempt the young population. The easy availability of vehicle loans is one of the factors which boost the growth of the global motorcycle market. However, Pollution is the biggest growth restraint for the market worldwide.

Motorcycle Market: Report Scope

Report Attributes Report Details
Report Name Motorcycle Market Research Report
Market Size in 2019 USD 120.23 Billion
Market Forecast in 2026 USD 157.16 Billion
Growth Rate CAGR of 3.9%
Number of Pages 210
Key Companies Covered Bajaj Auto Ltd., Dayun Group, Benelli QJ, Ducati Motor Holding S.p.A., Bayerische Motoren Werke (BMW) AG, Harley-Davidson, Inc., Eicher Motors Limited, Honda Motor Co., Ltd., Hero MotoCorp Ltd., Piaggio & C. SpA, KTM AG, Triumph Motorcycles Ltd., Suzuki Motor Corporation, Vmoto Limited, TVS Motor Company Ltd., Zero Motorcycles, Inc., and Yamaha Motors Co., Ltd
Segments Covered By Types and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2018
Historical Year 2016 to 2020
Forecast Year 2019 - 2026
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Global Motorcycle Market: Segmentation

The global motorcycle market is segmented based on its types and regions. On account of types, the market is classified into ICE motorcycles, scooters, motorbikes, light motorcycles, sports motorbikes, mopeds, electronic motorcycles, and motorcycles for the handicapped. Among these, light motorcycles are in high demand owing to their lower prices, ease of handling, and fuel efficiency.

Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Global Motorcycle Market: Competitive Players

Some of the major companies in the global motorcycle market include Bajaj Auto Ltd., Dayun Group, Benelli QJ, Ducati Motor Holding S.p.A., Bayerische Motoren Werke (BMW) AG, Harley-Davidson, Inc., Eicher Motors Limited, Honda Motor Co., Ltd., Hero MotoCorp Ltd., Piaggio & C. SpA, KTM AG, Triumph Motorcycles Ltd., Suzuki Motor Corporation, Vmoto Limited, TVS Motor Company Ltd., Zero Motorcycles, Inc., and Yamaha Motors Co., Ltd., among others. Companies around the world are manufacturing various types of motorcycles for the target customers and trying to attract more of the young generation by inventing easy-to-ride and faster bikes for cost-effectiveness.

Global Motorcycle Market: Regional Analysis

The U.S. and Europe are leading the motorcycle market due to more demand for medium and heavy motorcycles. These regions are generating more demand globally owing to higher disposable income and a favorable economy of the nations. Following these nations are Asian Pacific countries where using a motorcycle is an attractive addition to the lifestyle.

Global Motorcycle Market SizeRequest Free Sample

The per capita income of people in this region is increasing and hence creating a better future market for motorcycles. Inexpensive bikes dominate this region of the globe.

Motorcycle Market: Competitive Space

The global Motorcycle market profiles key players such as:

  • Bajaj Auto Ltd
  • Dayun Group
  • Benelli QJ
  • Ducati Motor Holding S.p.A
  • Bayerische Motoren Werke (BMW) AG
  • Harley-Davidson, Inc
  • Eicher Motors Limited
  • Honda Motor Co., Ltd
  • Hero MotoCorp Ltd
  • Piaggio & C. SpA
  • KTM AG
  • Triumph Motorcycles Ltd
  • Suzuki Motor Corporation
  • Vmoto Limited
  • TVS Motor Company Ltd
  • Zero Motorcycles Inc
  • Yamaha Motors Co. Ltd

The global Motorcycle market is segmented as follows:

By Types

  • ICE motorcycles
  • Scooters
  • Motorbikes
  • Light motorcycles
  • Sports motorbikes
  • Mopeds
  • Electronic motorcycles
  • Motorcycles for the handicapped

Motorcycle Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of the Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

As the number of young population in the world is higher and increasing and lifestyle is taking certain changes, the young generation, even middle age and old people prefer to have their vehicle rather than traveling by public transport. It provides time flexibility and comfort to the user. This is the base of the global motorcycle market and its growth. Apart from that, many producers are inventing ways to build bikes which will run on eco-friendly supplies like solar energy, water or electricity. These efforts are helping to attract environmentally conscious people to the market.

According to Zion Market Research, global demand for the motorcycle market is expected to generate revenue of around USD 157.16 Billion by end of 2026, growing at a CAGR of around 3.9% between 2020 and 2026.

The U.S. and Europe are leading the motorcycle market due to more demand for a medium and heavy motorcycle. These regions are generating more demand globally owing to higher disposable income and favorable economy of the nations.

Some main participants of the motorcycle market are Bajaj Auto Ltd., Dayun Group, Benelli QJ, Ducati Motor Holding S.p.A., Bayerische Motoren Werke (BMW) AG, Harley-Davidson, Inc., Eicher Motors Limited, Honda Motor Co., Ltd., Hero MotoCorp Ltd., Piaggio & C. SpA, KTM AG, Triumph Motorcycles Ltd., Suzuki Motor Corporation, Vmoto Limited, TVS Motor Company Ltd., Zero Motorcycles, Inc., and Yamaha Motors Co., Ltd., among others.

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