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Motorcycles Market Report Scope & Overview:

The Motorcycles Market Size was valued at USD 117.93 billion in 2022 and is expected to reach USD 218.29 billion by 2030 and grow at a CAGR of 8% over the forecast period 2023-2030.

The motorbike is a two-wheeled vehicle with no pedals that is propelled by an internal combustion engine (ICE). It consists of a desegregated iron chassis with many electronic and mechanical components, as well as an ICE and a fiber frame. Due to its affordability and suitability as a form of transportation, the motorcycle has grown in popularity as the middle-class section's disposable income has increased around the world. Motorcycles get better gas mileage than many cars, and manufacturers are focusing more on supplying the latest and most convenient technologies, which has resulted in an increase in the worldwide motorcycle market.

Motorcycles Market Revenue Analysis

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Due to strong demand, OEMs are concentrating on producing standard motorcycles, primarily in sports styles. The motorbike is the most recent technology that has been de-segregated into motorcycles in order to deliver smart and intelligent two-wheeler mobility. The demand for motorcycles is expected to be driven by various essential characteristics such as system upgrades, riding data, warnings and status, charged batteries, comfortable riding experience, and road safety features.

MARKET DYNAMICS: 

KEY DRIVERS: 

  • Due to an increase in demand for sleep management systems, warning systems, and alert systems to prevent motorcycle accidents

  • The addition of larger gasoline tanks and improved mileage

  • Low maintenance costs are going to enhance the global motorbike market's growth

RESTRAINTS: 

  • The related standards' absenteeism

  • The motorbike market is projected to be hampered by a lack of infrastructure in offering uniform platforms

OPPORTUNITIES:

  • Improved bike performance and a shift in consumer desire toward premium motorcycles

  • Governments have launched campaigns encouraging people to wear helmets & other protective gear

CHALLENGES: 

  • Consumption patterns are shifting away from motorcycles and toward gearless scooters

  • The biggest limitation is the rising risk of accidents. Head injuries are caused by a variety of traffic accidents

IMPACT OF COVID-19:

The advent of the covid 19 pandemic is expected to have a substantial impact on the global motorbike industry trend in 2020. The government's restrictions and lockdown in response to the covid 19 outbreak have paralyzed the motorbike retail industry around the world. The global epidemic has disrupted the motorbike supply chain. Furthermore, public transportation has encouraged people to purchase motorcycles in 2020-21. However, their market grew at a reasonable rate during this time due to rising demand for connected motorbike technology and future requirements from governments across Europe and other regions. The growing demand for electric motorcycles has boosted the global market for connected motorcycles.

Market, By Engine Capacity:

The global market is divided into Up to 150 CC, 151-300 CC, 301-500 CC, 501-800 CC, 801-1000 CC, 1001-1600 CC, and Above 1600 CC. The 1000CC is predicted to grow the fastest market. Today's high-performance tendencies as well as an increase in off-roading and various sports activities, contribute to the highest product type.

Market, By Motorcycle Type:

According to the motorcycle type, the global market is divided into Adventure, Cruiser, Standard, Sports, and Touring. Long rides on cruiser motorcycles give the rider relaxation and less strained muscles. This bike's handlebars are set at a typical distance to ensure a pleasant ride for the rider. The worldwide motorcycle industry is expected to increase as a result of the speed, lightweight, and strong engines.

Market, by Application:

Based on the application segment, the global market has been divided into Sports Motorcycle and General Motorcycle. During the forecasted period, the General Motorcycle market is likely to grow at the fastest rate. It is the most traditional motorbike style. Handles were put upside down due to a combination of new technology and old-style motorcycles. When compared to a sports motorbike, the general motorcycle is on the lower end of the power spectrum.

MARKET SEGMENTATION:

By Engine Capacity:

  • Up to 150 CC

  • 151-300 CC

  • 301-500 CC

  • 501-800 CC

  • 801-1000 CC

  • 1001-1600 CC

  • Above 1600 CC

By Motorcycle Type:

  • Adventure

  • Cruiser

  • Standard

  • Sports

  • Touring

By Application:

  • Sports Motorcycle

  • General Motorcycle

Motorcycles Market Segmentation Analysis

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REGIONAL ANALYSIS:

China is expected to lead the worldwide motorcycle market throughout the forecast period, based on regions. Because of the low cost of labor and the abundance of raw materials in China, it is the world's largest motorbike producer, followed by India. Because of the low cost of production and the availability of low-cost labor, the Asia-Pacific region has become a focal area for automotive manufacturing. As a result, the Asia Pacific area has advanced further than Europe and North America's developed business sectors.

India is the world's second-largest motorcycle market, because of features such as fuel efficiency, affordability, and the bikes' small displacements. Due to the construction of roads and the development of infrastructure, the demand for motorcycles has increased dramatically in rural areas of the country.

REGIONAL COVERAGE:

  • North America

    • The USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • The UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

KEY PLAYERS:

Honda Motor Co., Ltd. (Japan), Kawasaki Heavy Industries, Suzuki Motor Corporation (Japan), Eicher Motors Limited (India), Yamaha Motor Co., Ltd. (Japan), Harley-Davidson, Inc. (the US), PIERER Mobility AG (Austria), BMW AG (Germany), Ltd. (Japan), Triumph Motorcycles (UK), Polaris Industries, Inc. (US), Hero MotoCorp Ltd. (India), Bajaj Auto Ltd. (India), TVS Motor Company (India), Ducati Motor Holding S.p.A. (Italy)are some of the affluent competitors with significant market share in the Motorcycles Market.

Honda Motor Co.Ltd.(Japan)-Company Financial Analysis

Motorcycles Market Report Scope:

Report Attributes Details
Market Size in 2022 US$ 117.93 Billion
Market Size by 2030 US$ 218.29 Billion
CAGR CAGR of 8% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Engine Capacity (Up to 150 CC, 151-300 CC, 301-500 CC, 501-800 CC, 801-1000 CC, 1001-1600 CC, above 1600 CC)
• by Motorcycle Type (Adventure, Cruiser, Standard, Sports, Touring)
• by Application (Sports Motorcycle, General Motorcycle),
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Honda Motor Co., Ltd. (Japan), Kawasaki Heavy Industries, Suzuki Motor Corporation (Japan), Eicher Motors Limited (India), Yamaha Motor Co., Ltd. (Japan), Harley-Davidson, Inc. (the US), PIERER Mobility AG (Austria), BMW AG (Germany), Ltd. (Japan), Triumph Motorcycles (UK), Polaris Industries, Inc. (US), Hero MotoCorp Ltd. (India), Bajaj Auto Ltd. (India), TVS Motor Company (India), Ducati Motor Holding S.p.A. (Italy)
Key Drivers Due to an increase in demand for sleep management systems, warning systems, and alert systems to prevent motorcycle accidents.

The addition of larger gasoline tanks and improved mileage.
RESTRAINTS The related standards' absenteeism.

The motorbike market is projected to be hampered by a lack of infrastructure in offering uniform platforms.

 

Frequently Asked Questions

The Motorcycles Market Size was valued at USD 117.93 billion in 2022.

Major players in the market Honda Motor Co., Ltd. (Japan), Kawasaki Heavy Industries, Suzuki Motor Corporation (Japan), Eicher Motors Limited (India), Yamaha Motor Co., Ltd. (Japan), Harley-Davidson, Inc. (the US), PIERER Mobility AG (Austria), BMW AG (Germany), Ltd. (Japan), Triumph Motorcycles (UK), Polaris Industries, Inc. (US), Hero MotoCorp Ltd. (India), Bajaj Auto Ltd. (India), TVS Motor Company (India), Ducati Motor Holding S.p.A. (Italy), and others in the final report.

The motorcycles Market is segmented into three segments by Engine Capacity, by Motorcycle Type, and by Application.

  • Due to an increase in demand for sleep management systems, warning systems, and alert systems to prevent motorcycle accidents.
  • The addition of larger gasoline tanks and improved mileage.

Asia Pacific region is dominating the Motorcycles Market.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Global Motorcycles Market Segmentation, by Engine Capacity

8.1 Up to 150 CC

8.2 151-300 CC

8.3 301-500 CC

8.4 501-800 CC

8.5 801-1000 CC

8.6 1001-1600 CC

8.7 Above 1600 CC.

9. Global Motorcycles Market Segmentation, by Motorcycle Type

9.1 Adventure

9.2 Cruiser

9.3 Standard

9.4 Sports

9.5 Touring

10. Global Motorcycles Market Segmentation, by Application

10.1 Sports Motorcycle

10.2 General Motorcycle

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 the USA

11.2.2  Canada

11.2.3  Mexico

11.3 Europe

11.3.1  Germany

11.3.2  the UK

11.3.3  France

11.3.4  Italy

11.3.5  Spain

11.3.6  The Netherlands

11.3.7  Rest of Europe

11.4 Asia-Pacific

11.4.1  Japan

11.4.2  South Korea

11.4.3  China

11.4.4  India

11.4.5  Australia

11.4.6  Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1  Israel

11.5.2  UAE

11.5.3  South Africa

11.5.4  Rest

11.6 Latin America

11.6.1  Brazil

11.6.2  Argentina

11.6.3  Rest of Latin America

12. Company Profiles

12.1 Harley-Davidson, Inc. (US),

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Honda Motor Co., Ltd. (Japan)

12.3 Kawasaki Heavy Industries

12.4 Suzuki Motor Corporation (Japan)

12.5 Eicher Motors Limited (India)

12.6 Yamaha Motor Co., Ltd. (Japan)

12.7 Harley-Davidson, Inc. (US)

12.8 PIERER Mobility AG (Austria)

12.9 BMW AG (Germany), Ltd. (Japan)

12.10 Triumph Motorcycles (UK)

12.11 Polaris Industries, Inc. (US)

12.12 Hero MotoCorp Ltd. (India)

12.13 Bajaj Auto Ltd. (India)

12.14 TVS Motor Company (India)

12.15 Ducati Motor Holding S.p.A. (Italy)

13. Competitive Landscape

13.1 Competitive Benchmarking

13.2 Market Share analysis

13.3 Recent Developments

14. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

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Data Bank Validation

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