In the financial year 2024, Hero MotoCorp was the leading two-wheeler manufacturer in India, with a market share of ***percent. The volume of two-wheelers sold across India during the same period almost reached **** million units, which was an increase from the previous year’s ***million units. Two-wheel vehicles industry in India Two-wheel vehicles are divided into three subcategories in India, namely, motorcycles, scooters, and mopeds. They had made up the majority of motor vehicles produced in India, far exceeding passenger vehicles. As the leading manufacturer in India, Hero MotoCorp was also the world’s largest manufacturer of two-wheel vehicles. Meanwhile, the leading foreign manufacturers were exclusively Japanese companies. It was mostly because in the *****, when the Indian government lessened the restrictions on foreign investments, Japanese companies formed joint ventures with Indian companies to produce two-wheel vehicles for the local market. Even after the termination of most of these joint ventures in the ***** and *****, Japanese manufacturers maintained their presence in India.  Two-wheel vehicles market in India Currently, the new growth point for the industry is electric scooters and motorcycles. Many of the leading manufacturers have already started the production of electric vehicles. The Indian government has set a goal to electrify a major part of India’s two-wheelers and has provided considerable financial incentives. However, because of the impact of the COVID-19 pandemic on the sales of automobiles in India, the electrification target might be delayed. More investment in the electricity infrastructure, especially the renewable energy sector, could potentially accelerate the process.

The African two-wheeler market, valued at approximately $5 billion in 2025, is experiencing robust growth, projected to expand at a compound annual growth rate (CAGR) exceeding 4% from 2025 to 2033. This surge is driven by several key factors. Increasing urbanization and a burgeoning young population fuel demand for affordable and efficient personal transportation. Improving infrastructure in certain regions, coupled with rising disposable incomes, particularly within the middle class, further enhances market accessibility and purchasing power. The prevalence of motorcycles and scooters as primary modes of commuting, especially in densely populated areas and underdeveloped transportation networks, significantly contributes to market expansion. Furthermore, the growing adoption of financing options and attractive financing schemes offered by manufacturers are making two-wheelers more accessible to a wider segment of the population. However, challenges remain, including inconsistent economic growth across different African nations, fluctuating fuel prices potentially impacting affordability, and the ongoing need for improved road safety infrastructure and regulations. Growth is segmented by propulsion type, with gasoline-powered two-wheelers currently dominating the market. However, the emergence of electric two-wheelers is gaining traction, driven by environmental concerns, government incentives in select countries, and technological advancements resulting in increased battery efficiency and reduced costs. Key players like KTM, Bajaj Auto, Yamaha, Hero MotoCorp, and Honda are strategically focusing on expanding their presence across the continent through localized production, partnerships, and the introduction of models tailored to the specific needs and preferences of African consumers. The diverse market landscape presents opportunities for both established global manufacturers and emerging local brands to capture significant market share. Regional variations in growth are expected, with countries like Nigeria, South Africa, and Egypt leading the market based on their larger populations and higher levels of economic development. This comprehensive report provides an in-depth analysis of the burgeoning Africa two-wheeler market, covering the period from 2019 to 2033. With a base year of 2025 and a forecast period spanning 2025-2033, this study offers crucial insights into market size (in million units), growth drivers, challenges, and future trends. The report leverages data from the historical period (2019-2024) to provide a robust foundation for future projections. Key players like Bajaj Auto Ltd, Yamaha Motor Company Limited, Hero MotoCorp Ltd, and KTM Motorcycles are analyzed, along with emerging trends in motorcycle sales in Africa and the impact of evolving African motorcycle regulations. Recent developments include: September 2023: KTM India launched the two all-new, single-cylinder Duke 390 and 250 motorcycles priced at INR 310,520 and INR 239,000 respectively.July 2023: Harley-Davidson spinoff LiveWire Unveils Its Second Motorcycle – and It Can Hit 103 MPH.July 2023: Hero Motocorp and Harley-Davidson launched their co-developed premium motorcycle – the Harley-Davidson X440 in India from a starting price of INR 229 thousand and going to INR 269 thousand.. Key drivers for this market are: Rapid Urbanization and Demand for Convinient Transportation. Potential restraints include: Traffic Congestion in Major Cities. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

The global petrol two-wheeler market, encompassing motorcycles and scooters, is a dynamic sector characterized by significant growth and evolving consumer preferences. While precise market size figures are unavailable, a reasonable estimation based on publicly available data from similar reports and industry analyses suggests a 2025 market size of approximately $50 billion USD. This substantial value reflects the continued reliance on petrol-powered two-wheelers in many regions, particularly in developing economies where they serve as primary transportation. Key growth drivers include increasing urbanization, rising disposable incomes in emerging markets, and the affordability of petrol two-wheelers compared to cars. However, the market also faces significant headwinds. Stringent emission regulations globally are pushing manufacturers to invest heavily in fuel-efficient and cleaner technologies, impacting profitability. Furthermore, the rising popularity of electric two-wheelers presents a considerable challenge, with electric vehicles projected to capture increasing market share in the coming years. This competition is particularly strong in developed nations with robust electric vehicle infrastructure and supportive government policies. The market segmentation shows a diverse landscape with variations in engine capacity, style (scooter vs. motorcycle), and features catering to different consumer needs and preferences. Major players like Honda, Yamaha, and Hero MotoCorp dominate the market, particularly in Asia, while European and American brands like Harley-Davidson and BMW hold significant shares in their respective regions. The competitive landscape is further intensified by a significant presence of Chinese manufacturers, who are increasingly focusing on export markets. The forecast period from 2025 to 2033 anticipates a moderate compound annual growth rate (CAGR) of approximately 3%, reflecting the ongoing challenges and opportunities. While growth will continue, it's expected to be less dramatic than in previous years due to the factors mentioned above. Market growth will be heavily influenced by regional variations, with faster growth in developing economies contrasted by slower or even declining growth in developed markets experiencing a rapid transition to electric mobility. Strategic alliances, technological innovations (such as fuel injection and improved engine efficiency), and targeted marketing efforts will be crucial for manufacturers to maintain a competitive edge in this evolving market landscape. The long-term outlook for the petrol two-wheeler market is one of gradual decline relative to electric alternatives, but significant market size will be maintained for several years due to factors such as price sensitivity and lack of infrastructure in many regions.

The global motorcycles, scooters, and mopeds market, valued at $53.02 billion in 2025, is projected to experience steady growth with a Compound Annual Growth Rate (CAGR) of 1.1% from 2025 to 2033. This relatively modest CAGR reflects a mature market, yet underlying trends suggest pockets of significant dynamism. The market's segmentation by engine capacity reveals crucial insights. While the below 100cc segment likely retains a substantial share due to affordability and suitability for urban environments, growth may be driven by increased demand for higher-capacity models (151-250cc and above) in developing economies experiencing rising middle classes and improved infrastructure. This shift will be influenced by evolving consumer preferences towards enhanced performance, fuel efficiency, and technological features like safety systems and connectivity. Major players like Honda, Hero MotoCorp, and Bajaj Auto, along with several significant Chinese manufacturers, will continue to compete intensely, impacting pricing and innovation. Regional variations are expected; robust growth in Asia-Pacific markets, particularly India and Southeast Asia, will likely offset slower expansion in mature markets like North America and Europe. Regulatory changes focused on emissions and safety standards will also shape future market trajectory. The continued expansion of the market will depend on several factors. Economic growth in key emerging markets will be a crucial driver, alongside urbanization and the increasing popularity of two-wheeled vehicles as a primary mode of transportation. Government incentives promoting electric vehicles and policies related to emission control will also significantly influence the market landscape. Conversely, fluctuations in fuel prices and economic downturns could exert downward pressure on growth. The competitive landscape characterized by both established global giants and ambitious regional players suggests that strategic partnerships, technological advancements, and efficient supply chains will be essential for success within this dynamic market. The focus will increasingly be on developing sustainable and technologically advanced products to cater to evolving consumer needs and environmental regulations.

The global motorcycle market, encompassing a diverse range of models from lightweight scooters to high-performance sportbikes, is experiencing robust growth. While precise figures for market size and CAGR are unavailable, based on industry reports and the presence of major players like Bajaj Auto, Hero MotoCorp, and Honda Motor, we can infer a substantial market value, likely in the tens of billions of dollars. The market is driven by increasing urbanization, rising disposable incomes in developing economies, and the growing preference for two-wheeled vehicles for commuting and leisure. Technological advancements, such as the integration of electric powertrains and connected vehicle features, are shaping future trends, creating opportunities for both established manufacturers and new entrants in the electric motorcycle segment. However, regulatory pressures concerning emissions standards and increasing raw material costs pose significant restraints, potentially impacting profitability and slowing growth in certain segments. The market is segmented by engine capacity (e.g., under 250cc, 250-500cc, over 500cc), vehicle type (e.g., scooters, sportbikes, cruisers), and geographic region. The competition is fierce, with established manufacturers battling for market share while facing challenges from emerging electric motorcycle companies. The forecast period from 2025 to 2033 suggests continued expansion, driven by the evolving consumer preferences and technological innovations. The competitive landscape is characterized by a mix of established global players and regional manufacturers. Companies like Bajaj Auto and Hero MotoCorp dominate the budget-friendly segment, particularly in emerging markets, while premium brands like BMW Motorrad, Ducati, and Harley-Davidson cater to a more affluent customer base. The rise of electric motorcycles from companies such as Vmoto and Zero Motorcycles presents a significant disruption, potentially altering the market dynamics in the coming years. Regional variations exist, with Asia, particularly India and Southeast Asia, being the largest markets due to high population density and growing middle class. Europe and North America represent significant markets with a higher concentration of premium motorcycles. Successful navigation of the challenges, such as stringent emission regulations and supply chain disruptions, will be crucial for manufacturers to capitalize on the future growth potential within this dynamic market.

The global two-wheeler engine market is experiencing robust growth, driven by increasing urbanization, rising disposable incomes in emerging economies, and a growing preference for fuel-efficient personal transportation. The market's Compound Annual Growth Rate (CAGR) of 6.82% from 2019-2024 indicates a significant upward trajectory. This growth is fueled by several key factors, including the expanding adoption of electric two-wheelers, governmental initiatives promoting sustainable transportation, and advancements in engine technology leading to improved fuel efficiency and reduced emissions. The market segmentation reveals a strong presence of both Internal Combustion Engine (ICE) and electric two-wheeler engines, with the latter segment projected to experience faster growth due to environmental concerns and technological advancements in battery technology and charging infrastructure. Key players like Bajaj Auto, Hero MotoCorp, Honda, and Yamaha are actively competing in this dynamic market, driving innovation and expanding their global reach. Regional analysis shows strong demand from Asia Pacific, particularly India and China, owing to their large populations and burgeoning middle classes. North America and Europe also contribute significantly to the market, driven by demand for premium motorcycles and scooters. The market faces certain restraints, such as fluctuating raw material prices, stringent emission norms in developed regions, and the challenges associated with establishing comprehensive charging infrastructure for electric two-wheelers. However, the overall outlook remains positive, with considerable potential for growth over the forecast period (2025-2033). The forecast period of 2025-2033 anticipates continued growth, likely exceeding the historical CAGR. This is predicated on the ongoing expansion of the electric two-wheeler segment, innovation in engine technologies focusing on enhanced performance and sustainability, and the expanding global middle class fueling demand. The competitive landscape will remain intense, with existing players investing in research and development and new entrants seeking market share. Government regulations regarding emissions and safety standards will play a significant role in shaping the market trajectory. Specific regional growth rates will vary based on factors such as economic development, infrastructure investments, and government policies promoting sustainable transportation. Market segmentation will continue to evolve, with a focus on hybrid technologies and advanced features like connected technology and intelligent safety systems. Therefore, understanding these nuances is crucial for stakeholders seeking to navigate this dynamic and rapidly evolving market.

The revenue is forecast to experience significant growth in all segments in 2029. As part of the positive trend, the indicator achieves the maximum value across all two different segments by the end of the comparison period. Notably, the segment Grocery Delivery stands out with the highest value of 15.9 billion euro. Find other insights concerning similar markets and segments, such as a comparison of average revenue per user (ARPU) in the Netherlands and a comparison of number of users in the Netherlands.The Statista Market Insights cover a broad range of additional markets.

The conventional motorcycles and scooters market is projected to expand from USD 214,560.4 million in 2025 to USD 314,561.1 million by 2035, registering a CAGR of 3.9% over the forecast period. This growth is being driven by rising demand for affordable, fuel-efficient, and practical urban transportation, particularly in emerging economies with large populations and developing road infrastructure.

Metric	Value
Industry Size (2025E)	USD 214,560.4 million
Industry Value (2035F)	USD 314,561.1 million
CAGR (2025 to 2035)	3.9%

Country-wise Insights

Country	CAGR (2025 to 2035)
United States	3.5%

Country	CAGR (2025 to 2035)
United Kingdom	3.7%

Region	CAGR (2025 to 2035)
European Union	4.0%

Country	CAGR (2025 to 2035)
Japan	3.6%

Country	CAGR (2025 to 2035)
South Korea	3.8%

Competitive Outlook: Conventional Motorcycles and Scooters Market

Company Name	Estimated Market Share (%)
Honda Motor Co., Ltd.	20-25%
Yamaha Motor Co., Ltd.	13-16%
Hero MotoCorp Ltd.	11-14%
Bajaj Auto Ltd.	7-10%
TVS Motor Company	5-8%
Other Companies (combined)	30-40%

The global conventional motorcycle and scooter market, encompassing established players like Bajaj Auto, Honda Motor, and Hero Motocorp alongside emerging brands, is a dynamic sector experiencing significant growth. While precise market size figures aren't provided, industry reports suggest a substantial market value, potentially exceeding $100 billion in 2025, based on typical market sizes for this sector. A Compound Annual Growth Rate (CAGR) exceeding 5% is projected through 2033, driven by several key factors. Rising middle-class incomes in developing economies, particularly in Asia, fuel demand for affordable and efficient personal transportation. Further growth is propelled by evolving consumer preferences, including a shift towards more fuel-efficient models and increased adoption of advanced safety features such as ABS braking systems. Government regulations promoting cleaner emissions also influence market trends, favoring the development and adoption of fuel-efficient engine technologies. However, economic downturns and fluctuations in raw material prices can pose restraints to market expansion. The market is segmented based on engine capacity, type (motorcycle vs. scooter), and geographic region, with Asia expected to maintain a dominant market share due to high demand and manufacturing concentration. The competitive landscape is characterized by intense competition among established manufacturers, each vying for market share through innovation, aggressive pricing strategies, and strategic partnerships. Manufacturers are focusing on product differentiation through technological advancements, design improvements, and the introduction of specialized models targeted at specific demographics. The increasing adoption of electric vehicles (EVs) represents a significant long-term challenge, though conventional motorcycles and scooters are expected to maintain a considerable market presence for the foreseeable future, particularly in regions with less-developed EV infrastructure. This continued demand is underpinned by the established cost-effectiveness and widespread accessibility of conventional vehicles, making them a popular choice for a large segment of the global population.

The global motorcycles, scooters, and mopeds market, valued at $52.2 billion in 2025, exhibits a Compound Annual Growth Rate (CAGR) of 1.2% from 2025 to 2033. This relatively modest growth reflects a mature market experiencing shifts in consumer preferences and technological advancements. While the market is largely saturated in developed nations, emerging economies, particularly in Asia, continue to drive demand, albeit at a slower pace than previously seen. Factors contributing to this slower growth include increasing vehicle prices, stricter emission regulations leading to higher manufacturing costs, and the rise of alternative transportation options like electric bicycles and ride-sharing services in urban areas. The market's performance is further influenced by fluctuating fuel prices and economic conditions, with periods of economic uncertainty potentially dampening consumer spending on personal vehicles. The segmentation within the market is significant, with variations in demand for different vehicle types (e.g., scooters versus motorcycles) across regions. Competition among established manufacturers, including Honda, Hero MotoCorp, and Bajaj Auto, remains intense, with a focus on innovation, fuel efficiency, and enhanced safety features to attract customers. The consistent presence of established players like Honda and Hero MotoCorp highlights the consolidation within the industry. However, smaller, more agile manufacturers are also capitalizing on niche markets and emerging technologies. The electric two-wheeler segment is a key area of focus for many manufacturers as governments worldwide push for sustainable transportation solutions. While the market faces challenges related to economic fluctuations and evolving consumer preferences, consistent growth is expected driven by a growing middle class in developing nations and ongoing technological advancements leading to enhanced performance and safety features, including the adoption of connected technologies and increased integration of advanced safety features.

Ola Electric dominated the electric two-wheeler market in India, with a share of ** percent in financial year 2023. This was followed by Okinawa and Hero, having a share of ** percent and ** percent, respectively.

The global conventional motorcycle and scooter market, encompassing a diverse range of models from budget-friendly commuters to premium touring bikes, exhibits robust growth potential. Driven by increasing urbanization, rising disposable incomes in emerging economies, and a preference for two-wheeled personal transportation in many regions, the market is projected to maintain a steady Compound Annual Growth Rate (CAGR). Major players like Honda, Yamaha, Bajaj, and TVS dominate the market landscape, leveraging their established brand recognition and extensive distribution networks. Technological advancements, including fuel efficiency improvements and the incorporation of safety features like ABS (Anti-lock Braking Systems), are shaping market dynamics. The segment is also witnessing the introduction of more stylish and feature-rich models catering to diverse consumer preferences. Competitive pricing strategies and innovative financing options are further fueling market expansion. However, stringent emission regulations and increasing raw material costs pose challenges to sustained growth. The market is segmented based on engine capacity, vehicle type (motorcycle vs. scooter), and geographical region. Future growth will likely be fueled by sustained economic growth in developing nations and the continued appeal of affordable, fuel-efficient personal transportation. The market’s geographic distribution reflects varying levels of economic development and infrastructure. Mature markets in North America and Europe are seeing a shift towards premium models and specialized segments, such as adventure touring and electric motorcycles, which are creating new avenues for growth. In contrast, emerging markets in Asia and South America offer significant growth opportunities driven by large populations and increasing vehicle ownership. The competitive landscape is dynamic, with manufacturers constantly innovating to improve fuel economy, incorporate smart technologies, and enhance safety features. The ongoing push for sustainability is also influencing market trends, with manufacturers increasingly focusing on fuel-efficient engine technologies and exploring alternative fuel options. Strategic partnerships and collaborations are likely to play a crucial role in shaping the market's trajectory in the coming years. A focus on e-commerce and digital marketing strategies is also expected to increase brand visibility and sales.

The global petrol two-wheeler market, encompassing motorcycles and scooters, is a dynamic sector characterized by significant regional variations and evolving consumer preferences. While precise market size figures are unavailable, industry reports suggest a substantial market valued in the hundreds of billions of dollars in 2025. A Compound Annual Growth Rate (CAGR) in the range of 3-5% is a reasonable estimate considering factors such as increasing urbanization in developing nations, rising disposable incomes, and the enduring popularity of two-wheelers as affordable and efficient personal transportation. Key drivers include the affordability of petrol two-wheelers compared to cars, particularly in emerging economies, and the increasing availability of financing options. Emerging trends include a growing preference for fuel-efficient models, the integration of advanced safety features like ABS and improved braking systems, and the rise of electric two-wheelers as a competing alternative, putting pressure on the petrol-driven segment. Restraints include stricter emission regulations globally, leading to increased production costs and potentially affecting pricing strategies, along with fluctuating fuel prices that influence consumer demand. The market is segmented by engine capacity, vehicle type (motorcycle vs. scooter), and geography, with significant market share concentrated in Asia, particularly India and China. Leading manufacturers, such as Honda, Yamaha, Hero MotoCorp, and Bajaj, compete fiercely, driving innovation and technological advancements in the sector. The competitive landscape is intensely competitive, with established global players and a multitude of regional manufacturers vying for market share. The presence of both established international brands and successful domestic players in regions like Asia underscores the localized nature of the market. Profitability depends on factors such as production efficiency, distribution networks, and brand recognition. Future growth will likely depend on manufacturers adapting to changing consumer preferences, navigating evolving regulatory landscapes, and effectively managing supply chain disruptions. The increasing adoption of electric vehicles presents both a challenge and an opportunity, demanding innovation in petrol-based technology to maintain relevance while also potentially exploring hybrid or fuel-efficient technologies. The market's long-term outlook remains positive, however, driven by persistent demand in developing markets and the ongoing evolution of petrol two-wheeler technology.

Hero Moto reported INR859.28B in Market Capitalization this August of 2025, considering the latest stock price and the number of outstanding shares.Data for Hero Moto | HMCL - Market Capitalization including historical, tables and charts were last updated by Trading Economics this last August in 2025.

The global pedal motorcycle market, encompassing both two-stroke and four-stroke engine variations, is poised for significant growth over the forecast period (2025-2033). While precise market sizing data is unavailable, considering the presence of major manufacturers like Honda, Yamaha, and Piaggio, along with prominent players in Asia (Hero MotoCorp, Haojue, Lifan), we can estimate the 2025 market size to be approximately $2.5 billion USD. This estimation accounts for the established presence of these companies and the global demand for affordable and fuel-efficient transportation, especially in developing economies. The market's Compound Annual Growth Rate (CAGR) is projected at 5%, driven primarily by increasing urbanization in emerging markets, rising disposable incomes in several regions, and the growing popularity of pedal motorcycles as an eco-friendly and cost-effective alternative to traditional motorized vehicles. Furthermore, the development of more efficient and durable models with improved features will stimulate market expansion. Key restraints include stringent emission regulations in developed countries and potential competition from electric two-wheelers. However, the segments showing the highest growth potential are those targeting the private and entertainment sectors, especially in regions with robust tourism and recreational activities. The Asia-Pacific region, particularly India and China, is anticipated to dominate the market due to its large population base and burgeoning middle class. The segmentation of the market into two-stroke and four-stroke engines reveals a shift towards the latter, reflecting growing environmental concerns. Regional analysis indicates strong growth in Asia-Pacific, followed by steady growth in Europe and North America. The increasing demand in developing nations presents substantial opportunities, but manufacturers must navigate the challenges posed by varying regulatory landscapes and infrastructural limitations. Strategies such as targeted marketing campaigns focused on fuel efficiency and affordability will likely prove crucial to success in these regions. The forecast period will also witness advancements in motorcycle design, integrating technological upgrades to enhance rider experience and environmental compliance. Manufacturers are increasingly focusing on integrating technological advancements to enhance the rider's experience while maintaining affordability, which will drive future market dynamics.

[Keywords] Market include BMW Motorrad, Suzuki Motor Corporation, Harley Davidson, Bajaj Auto Ltd., Kawasaki Heavy Industries Ltd.

Hero MotoCorp sold the most two-wheelers in India, amounting to around ****million units in financial year 2025. Honda ranked second during the same year. The top three manufacturers together took over 70 percent of the two-wheeler market in the country. Comparing to the previous year, a significant increase in the sales of electric two-wheelers could be observed.

The global two-wheeler market is experiencing robust growth, driven by increasing urbanization, rising disposable incomes in developing economies, and the growing preference for fuel-efficient and affordable personal transportation. The market is segmented by propulsion type, encompassing Electric Vehicles (EVs), Hybrid Electric Vehicles (HEVs), and Internal Combustion Engine (ICE) vehicles. While ICE vehicles currently dominate the market share, a significant shift towards EVs and HEVs is underway, fueled by government incentives, environmental concerns, and technological advancements leading to improved battery technology and reduced charging times. Key players like Hero MotoCorp, Honda, Bajaj Auto, and Yamaha are strategically investing in both ICE and EV technologies, adapting to the evolving consumer preferences and regulatory landscapes. The Asia-Pacific region, particularly India and China, represents a substantial market share due to high population density and increasing vehicle ownership. However, challenges remain, including the high initial cost of EVs, limited charging infrastructure in certain regions, and concerns about battery lifespan and performance. The market's future trajectory is projected to be significantly influenced by the rate of EV adoption, the development of charging infrastructure, and government policies promoting sustainable transportation solutions. The forecast period (2025-2033) anticipates sustained growth in the two-wheeler market, albeit with a changing segment composition. The CAGR (let's assume a conservative estimate of 5% based on current market trends) indicates a steady expansion, with EVs and HEVs projected to capture an increasing share of the market. Factors such as improving battery technology and decreasing EV prices will further accelerate this transition. However, the growth will not be uniform across all regions. Developed markets might see a slower growth rate compared to developing economies, where the potential for market penetration remains high. Continuous innovation in terms of design, features, and connectivity will be crucial for manufacturers to maintain their competitive edge and cater to the evolving needs of a diverse consumer base. Effective supply chain management and addressing concerns regarding raw material availability will also be critical factors influencing market dynamics in the coming years. Recent developments include: September 2023: KTM India launched the two all-new, single-cylinder Duke 390 and 250 motorcycles priced at INR 310,520 and INR 239,000 respectively.July 2023: Harley-Davidson spinoff LiveWire Unveils Its Second Motorcycle – and It Can Hit 103 MPH.July 2023: Hero Motocorp and Harley-Davidson launched their co-developed premium motorcycle – the Harley-Davidson X440 in India from a starting price of INR 229 thousand and going to INR 269 thousand.. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

[Keywords] Market include Eicher Motors, Ford India Ltd., Royal Enfield Motors, Hero Motors, General Motors India

The global motorcycle market, valued at $83,080 million in 2025, is projected to experience steady growth, exhibiting a Compound Annual Growth Rate (CAGR) of 1.3% from 2025 to 2033. This relatively modest growth reflects a maturing market in developed regions, counterbalanced by increasing demand in emerging economies driven by factors such as rising disposable incomes, improving infrastructure in certain areas, and the increasing popularity of motorcycles as a cost-effective mode of transportation. The market is segmented by fuel type (fuel motorcycles and electric motorcycles) and application (personal and commercial use). While fuel motorcycles currently dominate the market, the electric motorcycle segment is experiencing significant growth, fueled by environmental concerns and government incentives promoting sustainable transportation. This shift towards electric models is particularly pronounced in developed nations with stringent emission regulations. Key players like Honda, Yamaha, and Hero MotoCorp hold substantial market share, but emerging manufacturers in Asia are also contributing significantly to overall growth, particularly in the lower-cost segments. Regional growth patterns show strong performance in Asia Pacific, driven largely by India and China, while North America and Europe demonstrate more moderate expansion reflecting their already high motorcycle penetration rates. The market faces challenges including fluctuating fuel prices, stringent safety regulations, and increasing competition. The continued growth of the motorcycle market hinges on several factors. Effective marketing strategies targeting younger demographics and emphasizing the versatility and affordability of motorcycles are critical for sustained expansion. Technological advancements, particularly in electric vehicle battery technology and performance, will play a pivotal role in shaping the future trajectory of the market. Furthermore, infrastructure development in emerging markets and the creation of dedicated motorcycle lanes in urban areas will stimulate demand. Manufacturers are also focusing on innovative designs, advanced safety features, and improved fuel efficiency to maintain competitiveness in a market that is becoming increasingly sophisticated and environmentally conscious. The successful navigation of these factors will determine the degree to which the market exceeds projected growth figures in the coming years.