Global Motorcycle And Bicycle market size is expected to reach $106.85 billion by 2029 at 5.1%, rising health consciousness fuels growth in the motorcycle and bicycle market

Motorcycle, bike and parts manufacturers produce a variety of two-wheeled rides and parts, including on-highway, off-highway and dual motorcycles, alongside scooters, bicycles and parts. While these vehicles offer transportation, consumers primarily purchase bikes and motorcycles for enjoyment and exercise, making them discretionary purchases for most consumers. As disposable income fell during COVID-19, demand also plummeted. Even as the economy recovered following the pandemic, manufacturers struggled with ballooning input costs. Larger manufacturers were able to pass on costs aiding in recovering demand and profitability; smaller companies severely struggled, leading to consolidation. Overall, revenue contracted at an expected CAGR of 2.5% to $6.6 billion through the current period, including a 0.4% decline in 2024, where profit settled at 7.4%. Leading manufacturers maintain highly globalized supply chains, benefitting from inexpensive foreign suppliers and robust export markets, especially in developing economies. Even so, the trade-weighted index's appreciation has contributed to unfavorable export markets and climbing import penetration. Parts and generic bike producers have especially struggled to compete with low-cost manufacturers in China and Taiwan; leading producers, like Harley-Davidson, have leveraged brand reputations to shield against lower-cost products. Additionally, an aging consumer base has forced companies to look to new, younger buyers to supplement demand. As a result, many companies have added lower-cost scooters, mopeds and cruisers that offer greater utility for these demographics. Manufacturers will rebound as economic conditions improve through the outlook period. Improving consumer confidence, lower interest rates and elevated per capita disposable income will contribute to stability in consumer markets. Similarly, falling input prices and the trade-weighted index's depreciation will lead to lower purchasing costs and less pressure from imports, contributing to profit growth. Innovations will also increase motorcycle efficiency and safety, attracting new buyers. In particular, companies will continue to roll out electrification initiatives, attracting a range of eco-friendly consumers and bolstered market status. Revenue will expand at an expected CAGR of 0.8% to $6.8 billion through the outlook period, where profit will reach 6.2%.

Argentina Foreign Direct Investment: Wholesale, Retail Trade & Repair of Motor Vehicles & Motorcycles data was reported at -184.109 USD mn in Sep 2024. This records a decrease from the previous number of -124.675 USD mn for Jun 2024. Argentina Foreign Direct Investment: Wholesale, Retail Trade & Repair of Motor Vehicles & Motorcycles data is updated quarterly, averaging 438.774 USD mn from Mar 2017 (Median) to Sep 2024, with 31 observations. The data reached an all-time high of 1.091 USD bn in Sep 2022 and a record low of -507.484 USD mn in Dec 2022. Argentina Foreign Direct Investment: Wholesale, Retail Trade & Repair of Motor Vehicles & Motorcycles data remains active status in CEIC and is reported by Central Bank of Argentina. The data is categorized under Global Database’s Argentina – Table AR.O003: Foreign Direct Investment: by Industry: New Methodology.

In 2024, nearly *** million motorcycles and scooters were sold in Thailand. The number of sales of two-wheelers has slightly decreased, compared to the previous year, when approximately **** million motorcycles and scooters were sold in Thailand. Domestic automotive trading in Thailand  Thailand’s economy is driven by many key industries, but the automotive industry is certainly a major contributor. In Thailand, one-ton pickups seemed to be the most popular commercial vehicle, with over ******* units sold across the country in 2024. The passenger car market is also as vital for the Thai economy. Since 2016, the sales volume of passenger cars in Thailand has fluctuated. Automotive market share   Most vehicles that were built and assembled in Thailand, are developed, licensed, and branded by international manufacturers. Especially Japanese vehicle companies, such as Toyota, Honda, Isuzu, for instance. Toyota is by far the leading Japanese car brand for Thai people, with an impressive market share of one-third of the vehicle production. In 2023, while Toyota was the leading automobile brand among Thai consumers, Honda, on the other hand, accounted for almost ** percent of the motorcycle market share.

This statistic shows the revenue of the industry “wholesale trade, except of motor vehicles and motorcycles“ in Vietnam from 2012 to 2018, with a forecast to 2024. It is projected that the revenue of wholesale trade, except of motor vehicles and motorcycles in Vietnam will amount to approximately ***** billion U.S. Dollars by 2024.

Global Motorcycles, Scooters and Mopeds market size is expected to reach $495.39 billion by 2029 at 6.8%, segmented as by motorcycles, cruiser motorcycles, sport motorcycles, touring motorcycles, dirt bikes, chopper motorcycles

Nepal NSWI: by Industry: Wholesale & Retail Trade; Repair of Motor Vehicles & Motorcycles data was reported at 101.942 2023-2024=100 in Oct 2024. This records an increase from the previous number of 100.440 2023-2024=100 for Jul 2024. Nepal NSWI: by Industry: Wholesale & Retail Trade; Repair of Motor Vehicles & Motorcycles data is updated quarterly, averaging 100.440 2023-2024=100 from Oct 2023 (Median) to Oct 2024, with 3 observations. The data reached an all-time high of 101.942 2023-2024=100 in Oct 2024 and a record low of 98.960 2023-2024=100 in Oct 2023. Nepal NSWI: by Industry: Wholesale & Retail Trade; Repair of Motor Vehicles & Motorcycles data remains active status in CEIC and is reported by Nepal Rastra Bank. The data is categorized under Global Database’s Nepal – Table NP.G035: Salary & Wage Index: 2023-2024=100.

Credits: West Papua: Total: Industrial: Wholesale and retail trade;repair of motor vehicles and motorcycles data was reported at 3,192.125 IDR bn in Nov 2024. This records a decrease from the previous number of 3,204.487 IDR bn for Oct 2024. Credits: West Papua: Total: Industrial: Wholesale and retail trade;repair of motor vehicles and motorcycles data is updated monthly, averaging 2,716.718 IDR bn from May 2020 (Median) to Nov 2024, with 55 observations. The data reached an all-time high of 3,228.930 IDR bn in Sep 2024 and a record low of 2,229.040 IDR bn in Jan 2021. Credits: West Papua: Total: Industrial: Wholesale and retail trade;repair of motor vehicles and motorcycles data remains active status in CEIC and is reported by Bank Indonesia. The data is categorized under Indonesia Premium Database’s Banking Sector – Table ID.KBC008: Credits: by Industry: by Province.

Credits: Southeast Sulawesi: Total: Industrial: Wholesale and retail trade;repair of motor vehicles and motorcycles data was reported at 7,291.802 IDR bn in Dec 2024. This records a decrease from the previous number of 7,332.350 IDR bn for Nov 2024. Credits: Southeast Sulawesi: Total: Industrial: Wholesale and retail trade;repair of motor vehicles and motorcycles data is updated monthly, averaging 6,502.504 IDR bn from May 2020 (Median) to Dec 2024, with 56 observations. The data reached an all-time high of 7,332.350 IDR bn in Nov 2024 and a record low of 5,100.489 IDR bn in Jun 2020. Credits: Southeast Sulawesi: Total: Industrial: Wholesale and retail trade;repair of motor vehicles and motorcycles data remains active status in CEIC and is reported by Bank Indonesia. The data is categorized under Indonesia Premium Database’s Banking Sector – Table ID.KBC008: Credits: by Industry: by Province.

Credits: Lampung: Total: Industrial: Wholesale and retail trade;repair of motor vehicles and motorcycles data was reported at 13,149.933 IDR bn in Jan 2025. This records a decrease from the previous number of 13,210.895 IDR bn for Dec 2024. Credits: Lampung: Total: Industrial: Wholesale and retail trade;repair of motor vehicles and motorcycles data is updated monthly, averaging 12,873.805 IDR bn from May 2020 (Median) to Jan 2025, with 57 observations. The data reached an all-time high of 13,356.314 IDR bn in Mar 2024 and a record low of 10,020.061 IDR bn in Apr 2021. Credits: Lampung: Total: Industrial: Wholesale and retail trade;repair of motor vehicles and motorcycles data remains active status in CEIC and is reported by Bank Indonesia. The data is categorized under Indonesia Premium Database’s Banking Sector – Table ID.KBC008: Credits: by Industry: by Province.

Serbia (FDI) Foreign Direct Investment: Flow: Net: NACE 2: WR: Wholesale Trade, excl Motor Vehicles and Motorcycles data was reported at 17.561 EUR mn in Dec 2024. This records a decrease from the previous number of 31.567 EUR mn for Sep 2024. Serbia (FDI) Foreign Direct Investment: Flow: Net: NACE 2: WR: Wholesale Trade, excl Motor Vehicles and Motorcycles data is updated quarterly, averaging 27.576 EUR mn from Mar 2010 (Median) to Dec 2024, with 60 observations. The data reached an all-time high of 201.482 EUR mn in Dec 2023 and a record low of -97.182 EUR mn in Mar 2024. Serbia (FDI) Foreign Direct Investment: Flow: Net: NACE 2: WR: Wholesale Trade, excl Motor Vehicles and Motorcycles data remains active status in CEIC and is reported by National Bank of Serbia. The data is categorized under Global Database’s Serbia – Table RS.O002: BPM6: Foreign Direct Investment: by Industry.

Philippines GVA: WRT: Wholesale Trade excl Motor Vehicles & Motorcycles data was reported at 273,800.927 PHP mn in Dec 2024. This records an increase from the previous number of 194,932.739 PHP mn for Sep 2024. Philippines GVA: WRT: Wholesale Trade excl Motor Vehicles & Motorcycles data is updated quarterly, averaging 86,829.286 PHP mn from Mar 2000 (Median) to Dec 2024, with 100 observations. The data reached an all-time high of 273,800.927 PHP mn in Dec 2024 and a record low of 27,435.260 PHP mn in Mar 2000. Philippines GVA: WRT: Wholesale Trade excl Motor Vehicles & Motorcycles data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.A040: PSNA 5th Revision: Gross Value Added: by Industry: Current Price.

Global Motor Vehicles market size is expected to reach $4161.43 billion by 2029 at 7.7%, rising demand for electric vehicles fuels growth in the motor vehicles market

In 2024, the wholesale retail and trade and the repair of motor vehicles and motorcycles sector contributed the highest share of gross domestic product (GDP) in the Philippines at **** percent. This was followed by the manufacturing sector, accounting for **** percent.

Credits: DI Yogyakarta: Total: Industrial: Wholesale and retail trade;repair of motor vehicles and motorcycles data was reported at 10,063.876 IDR bn in Dec 2024. This records an increase from the previous number of 10,029.812 IDR bn for Nov 2024. Credits: DI Yogyakarta: Total: Industrial: Wholesale and retail trade;repair of motor vehicles and motorcycles data is updated monthly, averaging 9,989.226 IDR bn from May 2020 (Median) to Dec 2024, with 56 observations. The data reached an all-time high of 10,364.214 IDR bn in Dec 2023 and a record low of 8,074.387 IDR bn in May 2020. Credits: DI Yogyakarta: Total: Industrial: Wholesale and retail trade;repair of motor vehicles and motorcycles data remains active status in CEIC and is reported by Bank Indonesia. The data is categorized under Indonesia Premium Database’s Banking Sector – Table ID.KBC008: Credits: by Industry: by Province.

Credits: North Sumatera: Total: Industrial: Wholesale and retail trade;repair of motor vehicles and motorcycles data was reported at 36,260.375 IDR bn in Jan 2025. This records a decrease from the previous number of 36,471.803 IDR bn for Dec 2024. Credits: North Sumatera: Total: Industrial: Wholesale and retail trade;repair of motor vehicles and motorcycles data is updated monthly, averaging 32,657.130 IDR bn from May 2020 (Median) to Jan 2025, with 57 observations. The data reached an all-time high of 36,553.084 IDR bn in Nov 2024 and a record low of 26,919.487 IDR bn in Jan 2021. Credits: North Sumatera: Total: Industrial: Wholesale and retail trade;repair of motor vehicles and motorcycles data remains active status in CEIC and is reported by Bank Indonesia. The data is categorized under Indonesia Premium Database’s Banking Sector – Table ID.KBC008: Credits: by Industry: by Province.

Credits: Central Kalimantan: Total: Industrial: Wholesale and retail trade;repair of motor vehicles and motorcycles data was reported at 7,208.054 IDR bn in Jan 2025. This records a decrease from the previous number of 7,285.681 IDR bn for Dec 2024. Credits: Central Kalimantan: Total: Industrial: Wholesale and retail trade;repair of motor vehicles and motorcycles data is updated monthly, averaging 6,648.520 IDR bn from May 2020 (Median) to Jan 2025, with 57 observations. The data reached an all-time high of 7,395.000 IDR bn in Sep 2024 and a record low of 5,134.146 IDR bn in May 2020. Credits: Central Kalimantan: Total: Industrial: Wholesale and retail trade;repair of motor vehicles and motorcycles data remains active status in CEIC and is reported by Bank Indonesia. The data is categorized under Indonesia Premium Database’s Banking Sector – Table ID.KBC008: Credits: by Industry: by Province.

Credits: West Sulawesi: Total: Industrial: Wholesale and retail trade;repair of motor vehicles and motorcycles data was reported at 2,886.280 IDR bn in Jan 2025. This records a decrease from the previous number of 2,914.836 IDR bn for Dec 2024. Credits: West Sulawesi: Total: Industrial: Wholesale and retail trade;repair of motor vehicles and motorcycles data is updated monthly, averaging 2,838.355 IDR bn from May 2020 (Median) to Jan 2025, with 57 observations. The data reached an all-time high of 3,129.774 IDR bn in Jun 2022 and a record low of 2,335.550 IDR bn in Jul 2021. Credits: West Sulawesi: Total: Industrial: Wholesale and retail trade;repair of motor vehicles and motorcycles data remains active status in CEIC and is reported by Bank Indonesia. The data is categorized under Indonesia Premium Database’s Banking Sector – Table ID.KBC008: Credits: by Industry: by Province.

Kazakhstan GDP: Year to Date: GVA: GS: Services: Trade, Repair of Motor Vehicles and Motorcycles data was reported at 25,817,153.800 KZT mn in Dec 2024. This records an increase from the previous number of 13,770,226.000 KZT mn for Sep 2024. Kazakhstan GDP: Year to Date: GVA: GS: Services: Trade, Repair of Motor Vehicles and Motorcycles data is updated quarterly, averaging 1,089,892.600 KZT mn from Mar 1994 (Median) to Dec 2024, with 124 observations. The data reached an all-time high of 25,817,153.800 KZT mn in Dec 2024 and a record low of 4,086.000 KZT mn in Mar 1994. Kazakhstan GDP: Year to Date: GVA: GS: Services: Trade, Repair of Motor Vehicles and Motorcycles data remains active status in CEIC and is reported by Bureau of National Statistics of the Agency for Strategic Planning and Reforms of the Republic of Kazakhstan. The data is categorized under Global Database’s Kazakhstan – Table KZ.A009: GDP: by Industry: Current Price: ytd.

Nepal GDP: Wholesale & Retail Trade; Repair of Motor Vehicles & Motorcycles data was reported at 698,775.067 NPR mn in 2024. This records an increase from the previous number of 667,638.837 NPR mn for 2023. Nepal GDP: Wholesale & Retail Trade; Repair of Motor Vehicles & Motorcycles data is updated yearly, averaging 437,570.400 NPR mn from Jul 2011 (Median) to 2024, with 14 observations. The data reached an all-time high of 698,775.067 NPR mn in 2024 and a record low of 220,803.731 NPR mn in 2011. Nepal GDP: Wholesale & Retail Trade; Repair of Motor Vehicles & Motorcycles data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Global Database’s Nepal – Table NP.A003: SNA08: GDP: by Industry: Current Price.