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Report Overview
The global motorcycle market size was valued at USD 148.97 Billion in 2024, with expectations of growth at a CAGR of 3.61% from 2025 to 2034, reaching nearly USD 212.38 Billion by 2034. Asia-Pacific dominated the motorcycle industry, benefiting from lower production costs, including cheaper labour, efficient supply chains, and access to raw materials. The motorcycle market in the U.S. is also expanding, with 553,325 two-wheeler vehicles registered in 2024. The U.S. ranks as the 14th largest motorcycle market globally, driven by increasing power sports activities post-pandemic, as many turned to outdoor recreational activities during lockdowns and social distancing.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Motorcycle Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 3.61% in the forecast period of 2025 and 2034.
The major drivers of the market include the thriving automotive industry, growing expansion of key market players, increasing awareness pertaining to the benefits offered by the vehicle, and increasing traffic congestion.
Key trends in the market include increasing research and development efforts by manufacturers to improve motorcycle designs, rising fuel prices, and the growing transportation and packaging industry.
Standard, sports, and cruiser, among others are the different segments based on type.
ICE and electric are the different categories in the motorcycle market based on propulsion type.
The motorcycles manufactured by companies like Yamaha Motor Co., Ltd., Honda Motor Co., Ltd, Volkswagen Group (Ducati Motor), and Kawasaki Heavy Industries Ltd, among others, are considered as popular motorcycle options.
A motorcycle, on an average, can last between 10 to 15 years in case the vehicle has not suffered any major breakdown or external damage.
A motorcycle can typically travel 120 to 200 miles on a completely filled tank. However, sport bikes can go for 120 to 250 miles. The actual mileage varies depending upon the motorcycle model and manufacturer.
The main drivers of the market include the booming automotive industry, the expanding presence of key market players, growing awareness of the benefits offered by the vehicle, and rising traffic congestion.
Asia Pacific is the dominant region in the global motorcycle market.
Key players in the global motorcycle market include 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, Bayerische Motoren Werke (BMW) AG, Hero MotoCorp Ltd., and Kawasaki Motors Corp, among others.
In 2024, the market attained a value of nearly USD 148.97 Billion.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach about USD 212.38 Billion by 2034.
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