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Motorcycles Market

Motorcycles Market Size, Share and 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), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/AUTO/1222 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Motorcycles Market Size was valued at USD 109.2 billion in 2021 and is expected to reach USD 187.14 billion by 2028 and grow at a CAGR of 8% over the forecast period 2022-2028.

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 Graph

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 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.

KEY MARKET 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.

MARKET ESTIMATION: 

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 Segment Chart

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

Motorcycles Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 109.2 Billion
Market Size by 2028 US$ 187.14 Billion
CAGR CAGR of 8% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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 (FAQ) :


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 the Ukraine-Russia War

 

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 a good and accurate research report and selecting the best methodology to complete 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 a stage wherein we can provide our clients best and most accurate investment to output ratio.

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Secondary Research

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