Motorcycle Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2033

Description

Persistence Market Research has recently released a comprehensive report on the worldwide motorcycle market. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure.

Key Insights:

Motorcycle Market Size (2024E): USD 135.2 Billion
Projected Market Value (2033F): USD 192.4 Billion
Global Market Growth Rate (CAGR 2024 to 2033): 4.0%

Motorcycle Market - Report Scope:

Motorcycles play a crucial role in personal transportation, recreation, and as a cost-effective means of commuting. The market caters to a wide range of users, from urban commuters to off-road enthusiasts, offering various types of motorcycles, including standard, cruiser, sport, touring, and off-road bikes. Market growth is driven by increasing urbanization, rising disposable incomes, and the growing popularity of motorcycles as a lifestyle and recreational choice.

Market Growth Drivers:

The global motorcycle market is propelled by several key factors, including the rising need for efficient and affordable transportation in densely populated urban areas. The growing trend of motorcycle tourism and adventure sports is also contributing to market expansion. Technological advancements, such as the development of electric motorcycles and improvements in fuel efficiency, offer enhanced performance and sustainability, fostering market growth. Moreover, the increasing adoption of motorcycles in emerging economies, where they serve as primary modes of transportation, further drives market demand.

Market Restraints:

Despite promising growth prospects, the motorcycle market faces challenges related to safety concerns, environmental regulations, and economic fluctuations. Stringent emissions standards and regulatory policies aimed at reducing carbon footprints impose compliance burdens on manufacturers, affecting production costs and market prices. Additionally, the high incidence of road accidents involving motorcycles and the associated safety risks may deter potential buyers. Economic downturns and fluctuations in raw material prices can also impact market stability and growth.

Market Opportunities:

The motorcycle market presents significant growth opportunities driven by technological innovations, demographic trends, and evolving consumer preferences. The increasing popularity of electric motorcycles, supported by advancements in battery technology and charging infrastructure, offers a sustainable alternative to traditional gasoline-powered bikes. The expansion of the middle-class population in developing regions and the rising interest in premium and luxury motorcycles create new market segments. Strategic partnerships, investment in research and development, and the introduction of smart, connected motorcycles with advanced safety features are essential to capitalize on emerging opportunities and sustain market leadership.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the motorcycle market globally?
Which motorcycle types and applications are driving adoption across different regions?
How are technological advancements reshaping the competitive landscape of the motorcycle market?
Who are the key players contributing to the motorcycle market, and what strategies are they employing to maintain market relevance?
What are the emerging trends and future prospects in the global motorcycle market?

Competitive Intelligence and Business Strategy:

Leading players in the global motorcycle market, including Honda Motor Co., Ltd., Yamaha Motor Co., Ltd., and Harley-Davidson, Inc., focus on innovation, product differentiation, and strategic partnerships to gain a competitive edge. These companies invest in R&D to develop advanced motorcycles, including electric bikes and smart motorcycles, catering to diverse consumer needs and preferences. Collaborations with technology providers, automotive part suppliers, and regulatory agencies facilitate market access and promote technology adoption. Moreover, emphasis on brand building, customer engagement, and safety enhancements fosters market growth and enhances user experience in the rapidly evolving motorcycle landscape.

Key Companies Profiled:

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

Key Segments Covered in Motorcycle Market

By Product

Motorcycle
Scooters

By Technology

IC Engine Motorcycles
All Electric Motorcycles

By Region

North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East & Africa

Product Code: PMRREP3586

1. Executive Summary

1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market
3.2. Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis
4.2. Product innovation & Diversification
4.3. Marketing and Brand management
4.4. Supply Chain Management

5. Global Market Demand Analysis 2019-2023 and Forecast, 2024-2033

5.1. Historical Market Volume (Units) Analysis, 2019-2023
5.2. Current and Future Market Volume (Units) Projections, 2024-2033
5.3. Y-o-Y Growth Trend Analysis

6. Global Market - Pricing Analysis

6.1. Regional Pricing Analysis By Product Type
6.2. Pricing Analysis by Regions

7. Global Market Demand (in Value or Size in US$ Bn) Analysis 2019-2023 and Forecast, 2024-2033

7.1. Historical Market Value (US$ Bn) Analysis, 2019-2023
7.2. Current and Future Market Value (US$ Bn) Projections, 2024-2033
- 7.2.1. Y-o-Y Growth Trend Analysis
- 7.2.2. Absolute $ Opportunity Analysis

8. Market Background

8.1. Macro-Economic Factors
- 8.1.1. Global Economic Outlook
- 8.1.2. Global Automotive Industry Overview
- 8.1.3. Global Industry Value Added
- 8.1.4. Other Macro-Economic Factors
8.2. Forecast Factors - Relevance & Impact
- 8.2.1. GDP growth Outlook
- 8.2.2. Adoption of Alternative Clean Technologies in the Automotive Sector
- 8.2.3. Sports/Racing Motorcycles with Air Cooled Engines
- 8.2.4. Increased Inclination towards Adoption of Electric & Hybrid Electric Vehicles
- 8.2.5. Rising Prominence of Scooters over Motorcycles
- 8.2.6. Automotive Industry Growth Forecast
- 8.2.7. Other Forecast Factors
8.3. Value Chain Analysis
- 8.3.1. List of Manufacturers
- 8.3.2. List of Distributors
- 8.3.3. List of Probable End Users
8.4. Market Dynamics
8.5. Impact of COVID - 19 Crisis

9. Global Market Analysis 2019-2023 and Forecast 2024-2033, By Product Type

9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Bn) and Volume Analysis By Product Type, 2019-2023
9.3. Current and Future Market Size (US$ Bn) and Volume Analysis and Forecast By Product Type, 2024-2033
- 9.3.1. Motorcycles
  - 9.3.1.1. Standard Motorcycles
  - 9.3.1.2. Cruiser
  - 9.3.1.3. Sports Motorcycles
  - 9.3.1.4. Mopeds
  - 9.3.1.5. Electric Motorcycles
  - 9.3.1.6. Others
- 9.3.2. Scooters
  - 9.3.2.1. Standard Scooters
  - 9.3.2.2. Maxi Scooters
  - 9.3.2.3. Enclosed Scooters
  - 9.3.2.4. Three-wheeled Scooters
  - 9.3.2.5. Electric Scooters
9.4. Market Attractiveness Analyses, By Product Type

10. Global Market Analysis 2019-2023 and Forecast 2024-2033, By Technology

10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Bn) and Volume Analysis By Technology, 2019-2023
10.3. Current and Future Market Size (US$ Bn) and Volume Analysis and Forecast By Technology, 2024-2033
- 10.3.1. IC Engine Motorcycles
  - 10.3.1.1. Up to 150cc Motorcycles
  - 10.3.1.2. 151-300cc Motorcycles
  - 10.3.1.3. 301-500cc Motorcycles
  - 10.3.1.4. Above 500cc Motorcycles
- 10.3.2. All Electric Motorcycles
10.4. Market Attractiveness Analysis By Technology

11. Global Market Analysis 2019-2023 and Forecast 2024-2033, by Region

11.1. Introduction
11.2. Historical Market Size (US$ Bn) and Volume Analysis By Region, 2019-2023
11.3. Current Market Size (US$ Bn) and Volume Analysis and Forecast By Region, 2024-2033
- 11.3.1. North America
- 11.3.2. Latin America
- 11.3.3. Europe
- 11.3.4. East Asia
- 11.3.5. South Asia & Pacific
- 11.3.6. Middle East & Africa
11.4. Market Attractiveness Analysis By Region

12. North America Market Analysis 2019-2023 and Forecast 2024-2033

12.1. Introduction
12.2. Pricing Analysis
12.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
12.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024-2033
- 12.4.1. By Product Type
- 12.4.2. By Technology
- 12.4.3. By Country
  - 12.4.3.1. U.S.
  - 12.4.3.2. Canada
12.5. Market Attractiveness Analysis
- 12.5.1. By Product Type
- 12.5.2. By Technology
- 12.5.3. By Country
12.6. Market Trends
12.7. Drivers and Restraints Impact Analysis

13. Latin America Market Analysis 2019-2023 and Forecast 2024-2033

13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
13.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024-2033
- 13.4.1. By Product Type
- 13.4.2. By Technology
- 13.4.3. By Country
  - 13.4.3.1. Brazil
  - 13.4.3.2. Mexico
  - 13.4.3.3. Rest of Latin America
13.5. Market Attractiveness Analysis
- 13.5.1. By Product Type
- 13.5.2. By Technology
- 13.5.3. By Country
13.6. Market Trends
13.7. Drivers and Restraints Impact Analysis

14. Europe Market Analysis 2019-2023 and Forecast 2024-2033

14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
14.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024-2033
- 14.4.1. By Product Type
- 14.4.2. By Technology
- 14.4.3. By Country
  - 14.4.3.1. Germany
  - 14.4.3.2. Italy
  - 14.4.3.3. France
  - 14.4.3.4. U.K.
  - 14.4.3.5. Spain
  - 14.4.3.6. BENELUX
  - 14.4.3.7. Russia
  - 14.4.3.8. Rest of Europe
14.5. Market Attractiveness Analysis
- 14.5.1. By Product Type
- 14.5.2. By Technology
- 14.5.3. By Country
14.6. Market Trends
14.7. Drivers and Restraints Impact Analysis

15. East Asia Market Analysis 2019-2023 and Forecast 2024-2033

15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
15.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024-2033
- 15.4.1. By Product Type
- 15.4.2. By Technology
- 15.4.3. By Country
  - 15.4.3.1. China
  - 15.4.3.2. Japan
  - 15.4.3.3. South Korea
15.5. Market Attractiveness Analysis
- 15.5.1. By Product Type
- 15.5.2. By Technology
- 15.5.3. By Country
15.6. Market Trends
15.7. Drivers and Restraints Impact Analysis

16. South Asia & Pacific Market Analysis 2019-2023 and Forecast 2024-2033

16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
16.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024-2033
- 16.4.1. By Product Type
- 16.4.2. By Technology
- 16.4.3. By Country
  - 16.4.3.1. India
  - 16.4.3.2. ASEAN
  - 16.4.3.3. ANZ
  - 16.4.3.4. Rest of South Asia & Pacific
16.5. Market Attractiveness Analysis
- 16.5.1. By Product Type
- 16.5.2. By Technology
- 16.5.3. By Country
16.6. Market Trends
16.7. Drivers and Restraints Impact Analysis

17. Middle East and Africa Market Analysis 2019-2023 and Forecast 2024-2033

17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
17.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024-2033
- 17.4.1. By Product Type
- 17.4.2. By Technology
- 17.4.3. By Country
  - 17.4.3.1. GCC Countries
  - 17.4.3.2. Turkey
  - 17.4.3.3. Northern Africa
  - 17.4.3.4. South Africa
  - 17.4.3.5. Rest of Middle East and Africa
17.5. Market Attractiveness Analysis
- 17.5.1. By Product Type
- 17.5.2. By Technology
- 17.5.3. By Country
17.6. Market Trends
17.7. Drivers and Restraints Impact Analysis

18. Country Wise Market Analysis

18.1. U.S. Market Analysis
- 18.1.1. By Product Type
- 18.1.2. By Technology
18.2. Canada Market Analysis
- 18.2.1. By Product Type
- 18.2.2. By Technology
18.3. Mexico Market Analysis
- 18.3.1. By Product Type
- 18.3.2. By Technology
18.4. Brazil Market Analysis
- 18.4.1. By Product Type
- 18.4.2. By Technology
18.5. Germany Market Analysis
- 18.5.1. By Product Type
- 18.5.2. By Technology
18.6. Italy Market Analysis
- 18.6.1. By Product Type
- 18.6.2. By Technology
18.7. France Market Analysis
- 18.7.1. By Product Type
- 18.7.2. By Technology
18.8. U.K. Market Analysis
- 18.8.1. By Product Type
- 18.8.2. By Technology
18.9. Spain Market Analysis
- 18.9.1. By Product Type
- 18.9.2. By Technology
18.10. Russia Market Analysis
- 18.10.1. By Product Type
- 18.10.2. By Technology
18.11. BENELUX Market Analysis
- 18.11.1. By Product Type
- 18.11.2. By Technology
18.12. China Market Analysis
- 18.12.1. By Product Type
- 18.12.2. By Technology
18.13. Japan Market Analysis
- 18.13.1. By Product Type
- 18.13.2. By Technology
18.14. S. Korea Market Analysis
- 18.14.1. By Product Type
- 18.14.2. By Technology
18.15. India Market Analysis
- 18.15.1. By Product Type
- 18.15.2. By Technology
18.16. ASEAN Market Analysis
- 18.16.1. By Product Type
- 18.16.2. By Technology
18.17. GCC Countries Market Analysis
- 18.17.1. By Product Type
- 18.17.2. By Technology
18.18. Turkey Market Analysis
- 18.18.1. By Product Type
- 18.18.2. By Technology
18.19. South Africa Market Analysis
- 18.19.1. By Product Type
- 18.19.2. By Technology

19. Market Structure Analysis

19.1. Market Analysis by Tier of Companies [Vapor Blasting Equipment]
19.2. Market Concentration
19.3. Market Share Analysis of Top Players
19.4. Apparent Production Capacity of Top Players
19.5. Market Presence Analysis
- 19.5.1. By Regional Presence
- 19.5.2. By Product Footprint

20. Competition Analysis

20.1. Competition Dashboard
20.2. Primary Survey Analysis
20.3. Competition Deep Dive
- 20.3.1. Bajaj Auto Ltd.
  - 20.3.1.1. Overview
  - 20.3.1.2. Product Portfolio
  - 20.3.1.3. Key Financials
  - 20.3.1.4. Sales Footprint
  - 20.3.1.5. Strategy Overview
- 20.3.2. Bayerische Motoren Werke (BMW) AG
  - 20.3.2.1. Overview
  - 20.3.2.2. Product Portfolio
  - 20.3.2.3. Key Financials
  - 20.3.2.4. Sales Footprint
  - 20.3.2.5. Strategy Overview
- 20.3.3. Ducati Motor Holding S.p.A
  - 20.3.3.1. Overview
  - 20.3.3.2. Product Portfolio
  - 20.3.3.3. Key Financials
  - 20.3.3.4. Sales Footprint
  - 20.3.3.5. Strategy Overview
- 20.3.4. Eicher Motors Limited
  - 20.3.4.1. Overview
  - 20.3.4.2. Product Portfolio
  - 20.3.4.3. Key Financials
  - 20.3.4.4. Sales Footprint
  - 20.3.4.5. Strategy Overview
- 20.3.5. Harley-Davidson, Inc.
  - 20.3.5.1. Overview
  - 20.3.5.2. Product Portfolio
  - 20.3.5.3. Key Financials
  - 20.3.5.4. Sales Footprint
  - 20.3.5.5. Strategy Overview
- 20.3.6. Hero MotoCorp Ltd.
  - 20.3.6.1. Overview
  - 20.3.6.2. Product Portfolio
  - 20.3.6.3. Key Financials
  - 20.3.6.4. Sales Footprint
  - 20.3.6.5. Strategy Overview
- 20.3.7. Honda Motor Co., Ltd.
  - 20.3.7.1. Overview
  - 20.3.7.2. Product Portfolio
  - 20.3.7.3. Key Financials
  - 20.3.7.4. Sales Footprint
  - 20.3.7.5. Strategy Overview
- 20.3.8. KTM AG
  - 20.3.8.1. Overview
  - 20.3.8.2. Product Portfolio
  - 20.3.8.3. Key Financials
  - 20.3.8.4. Sales Footprint
  - 20.3.8.5. Strategy Overview
- 20.3.9. Piaggio & C. SpA
  - 20.3.9.1. Overview
  - 20.3.9.2. Product Portfolio
  - 20.3.9.3. Key Financials
  - 20.3.9.4. Sales Footprint
  - 20.3.9.5. Strategy Overview
- 20.3.10. Suzuki Motor Corporation
  - 20.3.10.1. Overview
  - 20.3.10.2. Product Portfolio
  - 20.3.10.3. Key Financials
  - 20.3.10.4. Sales Footprint
  - 20.3.10.5. Strategy Overview
- 20.3.11. Triumph Motorcycles Ltd.
  - 20.3.11.1. Overview
  - 20.3.11.2. Product Portfolio
  - 20.3.11.3. Key Financials
  - 20.3.11.4. Sales Footprint
  - 20.3.11.5. Strategy Overview
- 20.3.12. TVS Motor Company Ltd.
  - 20.3.12.1. Overview
  - 20.3.12.2. Product Portfolio
  - 20.3.12.3. Key Financials
  - 20.3.12.4. Sales Footprint
  - 20.3.12.5. Strategy Overview
- 20.3.13. Vmoto Limited
  - 20.3.13.1. Overview
  - 20.3.13.2. Product Portfolio
  - 20.3.13.3. Key Financials
  - 20.3.13.4. Sales Footprint
  - 20.3.13.5. Strategy Overview
- 20.3.14. Yamaha Motors Co., Ltd.
  - 20.3.14.1. Overview
  - 20.3.14.2. Product Portfolio
  - 20.3.14.3. Key Financials
  - 20.3.14.4. Sales Footprint
  - 20.3.14.5. Strategy Overview
- 20.3.15. Zero Motorcycles, Inc.
  - 20.3.15.1. Overview
  - 20.3.15.2. Product Portfolio
  - 20.3.15.3. Key Financials
  - 20.3.15.4. Sales Footprint
  - 20.3.15.5. Strategy Overview
- 20.3.16. Others
  - 20.3.16.1. Overview
  - 20.3.16.2. Product Portfolio
  - 20.3.16.3. Key Financials
  - 20.3.16.4. Sales Footprint
  - 20.3.16.5. Strategy Overview