Global Motorcycles Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Adventure, Cruiser, Sports, Standard, and Touring.

By Engine Capacity;

Under 500cc, 500cc - 1000cc, and Over 1000cc

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn162379345 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Motorcycles Market (USD Million), 2021 - 2031

In the year 2024, the Global Motorcycles Market was valued at USD 129,490.87 million. The size of this market is expected to increase to USD 214,831.71 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.5%.

The global motorcycles market is a vibrant and dynamic sector within the broader automotive industry, characterized by a diverse range of products catering to various consumer needs and preferences. Motorcycles, known for their agility, fuel efficiency, and affordability, serve as popular modes of transportation across the globe, particularly in densely populated urban areas where congestion and parking constraints are prevalent. This market encompasses a wide array of motorcycle types, including commuter bikes, sports bikes, cruisers, touring motorcycles, and off-road bikes, each designed to fulfill specific usage scenarios and lifestyle requirements.

One of the key drivers of the global motorcycles market is the increasing urbanization and the growing need for efficient mobility solutions in urban environments. Motorcycles offer a compact and maneuverable alternative to traditional four-wheeled vehicles, making them well-suited for navigating through congested city streets and minimizing commute times. Additionally, motorcycles often provide lower upfront costs and operational expenses compared to cars, making them attractive options for budget-conscious consumers, especially in emerging economies.

Technological advancements in motorcycle design and manufacturing are also reshaping the global motorcycles market, with innovations ranging from lightweight materials and advanced engine technologies to integrated connectivity features and safety systems. These advancements not only enhance the performance, safety, and comfort of motorcycles but also contribute to reducing emissions and improving fuel efficiency, aligning with global trends towards sustainability and environmental consciousness. Furthermore, the rise of electric motorcycles, driven by advancements in battery technology and environmental concerns, is opening up new opportunities and challenges within the market, as manufacturers strive to balance performance, range, and affordability in their electric offerings.

In conclusion, the global motorcycles market is a dynamic and evolving landscape shaped by a multitude of factors, including urbanization, technological innovation, regulatory developments, and shifting consumer preferences. As manufacturers continue to innovate and adapt to changing market dynamics, the motorcycles market is expected to witness sustained growth and diversification, offering consumers an ever-expanding range of options to suit their mobility needs and lifestyle preferences.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Engine Capacity
    3. Market Snapshot, By Region
  4. Global Motorcycles Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Urbanization and Increasing Congestion
        2. Affordability and Cost-Effectiveness
        3. Technological Advancements in Design and Manufacturing
      2. Restraints
        1. Safety Concerns and Regulatory Compliance
        2. Environmental Impact and Emissions Regulations
        3. Competition from Alternative Transportation Modes
      3. Oppourtunities
        1. Growth of Electric Motorcycle Segment
        2. Expansion into Emerging Markets
        3. Customization and Personalization Trends
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Motorcycles Market, By Type, 2021 - 2031 (USD Million)
      1. Adventure
      2. Cruiser
      3. Sports
      4. Standard
      5. Touring
    2. Global Motorcycles Market, By Engine Capacity, 2021 - 2031 (USD Million)
      1. Under 500cc
      2. 500cc - 1000cc
      3. Over 1000cc
    3. Global Motorcycles Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Honda Motor Co., Ltd
      2. Suzuki Motor Corporation
      3. Polaris Industries, Inc
      4. Yamaha Motor Co., Ltd
      5. Harley-Davidson, Inc
      6. Kawasaki Heavy Industries, Ltd
  7. Analyst Views
  8. Future Outlook of the Market