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Report
Global Motorcycle Market Report and Forecast 2024-2032
Market Report I 2023-12-18 I 168 Pages I EMR Inc.
Global Motorcycle Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the global motorcycle market is projected to grow at a CAGR of 8.5% between 2024 and 2032. Aided by the soaring need for affordable and efficient modes of transportation, as well as the evolving landscape of urban mobility, the market is expected to grow significantly by 2032.
Motorcycles, encompassing a broad spectrum of two-wheelers from scooters to high-powered bikes, have long been cherished not only as symbols of freedom and expression but also as practical tools for navigation, particularly in densely populated urban areas. They offer unparalleled advantages in terms of fuel efficiency, manoeuvrability, and reduced carbon emissions, making them especially appealing in today's environmentally conscious era.
A surge in the global urban population, coupled with the escalating challenges of traffic congestion and the dire need for sustainable transportation, has fuelled the motorcycle market growth. As cities expand and roads become increasingly congested, the nimbleness of motorcycles offers a compelling solution, enabling quicker transit times and reduced fuel consumption.
Moreover, the motorcycle has etched its position in the global market due to its affordability. For many in emerging economies, motorcycles serve as the stepping stone to personal mobility, bridging the gap between public transportation and pricier four-wheelers. Their cost-effectiveness, both in terms of initial investment and maintenance, makes them especially appealing to a vast demographic of users.
As per the motorcycle market analysis, technological advancements further refine the appeal of motorcycles. Modern variants come equipped with cutting-edge safety features, electronic aids, advanced braking systems, and connectivity options, ensuring riders benefit from both enhanced performance and safety. Furthermore, the electric motorcycle segment, which boasts zero emissions, is experiencing tremendous growth, heralding a future where sustainable and eco-friendly two-wheelers could dominate urban landscapes.
The global affinity for leisure biking and motorcycle touring also impacts the motorcycle market outlook. High-powered motorcycles, representing luxury, thrill, and status, have seen consistent demand, especially in developed economies. Brands that evoke heritage, culture, and adventure, such as Harley-Davidson and Royal Enfield, continue to thrive, reflecting a segment of consumers who view motorcycles not just as mere vehicles but as extensions of their identity and passion.
Market Segmentation
The market can be divided based on type, propulsion type, and region.
Market Breakup by Type
- Standard
- Sports
- Cruiser
- Others
Market Breakup by Propulsion Type
- ICE
- Electric
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global motorcycle market. Some of the major players explored in the report by Expert Market Research are as follows:
- Yamaha Motor Co., Ltd.
- Honda Motor Co., Ltd
- Volkswagen Group (Ducati Motor)
- Kawasaki Heavy Industries Ltd
- Triumph Motorcycles Ltd
- BMW AG
- Harley-Davidson, Inc.
- Suzuki Motor Corporation
- Piaggio & C. SpA (Aprilia)
- KTM AG
- Bajaj Auto Ltd.
- TVS Motor Company Limited
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Motorcycle Market Analysis
8.1 Key Industry Highlights
8.2 Global Motorcycle Historical Market (2018-2023)
8.3 Global Motorcycle Market Forecast (2024-2032)
8.4 Global Motorcycle Market by Type
8.4.1 Standard
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Sports
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Cruiser
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Motorcycle Market by Propulsion Type
8.5.1 ICE
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Electric
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.6 Global Motorcycle Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2023)
8.6.4.3 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2023)
8.6.5.3 Forecast Trend (2024-2032)
9 North America Motorcycle Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe Motorcycle Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Motorcycle Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Motorcycle Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Motorcycle Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2023)
13.4.3 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis (HS Code- 8711)
15.1 Major Exporting Countries
15.1.1 By Value
15.1.2 By Volume
15.2 Major Importing Countries
15.2.1 By Value
15.2.2 By Volume
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Yamaha Motor Co., Ltd.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Honda Motor Co., Ltd
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Volkswagen Group (Ducati Motor)
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Kawasaki Heavy Industries Ltd
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Triumph Motorcycles Ltd
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 BMW AG
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Harley-Davidson, Inc.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Suzuki Motor Corporation
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Piaggio & C. SpA (Aprilia)
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 KTM AG
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Bajaj Auto Ltd.
16.2.11.1 Company Overview
16.2.11.2 Product Portfolio
16.2.11.3 Demographic Reach and Achievements
16.2.11.4 Certifications
16.2.12 TVS Motor Company Limited
16.2.12.1 Company Overview
16.2.12.2 Product Portfolio
16.2.12.3 Demographic Reach and Achievements
16.2.12.4 Certifications
16.2.13 Others
17 Industry Events and Developments
List of Figures and Tables
1. Global Motorcycle Market: Key Industry Highlights, 2018 and 2032
2. Global Motorcycle Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Motorcycle Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Motorcycle Historical Market: Breakup by Propulsion Type (USD Million), 2018-2023
5. Global Motorcycle Market Forecast: Breakup by Propulsion Type (USD Million), 2024-2032
6. Global Motorcycle Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Motorcycle Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Motorcycle Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Motorcycle Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Motorcycle Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Motorcycle Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Motorcycle Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Motorcycle Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Motorcycle Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Motorcycle Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Motorcycle Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Motorcycle Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Major Exporting Countries by Value
19. Major Importing Countries by Value
20. Major Exporting Countries by Volume
21. Major Importing Countries by Volume
22. Global Motorcycle Market Structure
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