The Connected Motorcycle Market Report is Segmented by Service (Driver Assistance, Infotainment and More), Hardware Type (Embedded Control Unit and More), End User (Private Consumers and More), Network Type (Cellular (4G/5G) and More), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

Motorcycle Market Outlook

According to our latest research, the global motorcycle market size stood at USD 128.9 billion in 2024, demonstrating robust growth momentum. The market is expected to expand at a CAGR of 6.2% from 2025 to 2033, reaching a projected value of USD 221.1 billion by 2033. This growth is primarily driven by rising urbanization, increasing demand for personal mobility, and the proliferation of electric motorcycles. As per the latest research, the motorcycle industry is witnessing significant transformation with technological advancements and evolving consumer preferences acting as pivotal growth catalysts.

One of the primary growth factors for the motorcycle market is the rapid urbanization occurring across emerging economies, particularly in Asia Pacific and Latin America. Urban centers are experiencing increasing congestion, limited parking spaces, and growing commuting times, making motorcycles an attractive alternative to cars and public transport. Motorcycles offer cost-effective, fuel-efficient, and flexible mobility solutions, especially in cities where infrastructure development may lag behind population growth. Additionally, the expanding middle class in these regions is fueling demand for affordable personal transportation, further catalyzing market growth. The increasing adoption of motorcycles for last-mile delivery services, especially in densely populated urban areas, is also contributing significantly to overall market expansion.

Technological advancements represent another crucial driver for the global motorcycle market. The integration of advanced safety features such as anti-lock braking systems (ABS), traction control, and smart connectivity solutions is enhancing the appeal of motorcycles to a broader consumer base. Moreover, the advent of electric motorcycles is reshaping the industry landscape, with manufacturers investing heavily in research and development to improve battery efficiency, range, and charging infrastructure. The rise of environmentally conscious consumers, coupled with stringent emission regulations in key markets, is accelerating the shift towards electric propulsion. Furthermore, digitalization of the purchasing process and the emergence of online sales channels are streamlining access to motorcycles and related services, thereby boosting market penetration.

Changing lifestyle trends and the growing popularity of recreational and adventure motorcycling are further propelling the motorcycle market. Consumers are increasingly seeking motorcycles not just for daily commuting but also for leisure activities, long-distance touring, and adventure sports. This shift is driving demand for specialized models such as sports, touring, and adventure motorcycles, as well as customization options. The proliferation of motorcycle clubs, events, and tourism packages is fostering a vibrant motorcycle culture, particularly among younger demographics. This evolving consumer landscape is encouraging manufacturers to diversify their product portfolios and invest in marketing initiatives aimed at enhancing brand loyalty and customer engagement.

Regionally, the Asia Pacific region continues to dominate the global motorcycle market, accounting for the largest share in both production and sales. Countries like India, China, Indonesia, and Vietnam are major contributors, owing to their large populations, rising disposable incomes, and established manufacturing ecosystems. North America and Europe are witnessing moderate growth, with increasing interest in premium and electric motorcycles. Latin America and the Middle East & Africa are emerging as lucrative markets due to improving economic conditions and infrastructure development. The regional outlook underscores the importance of tailoring product offerings and strategies to local consumer preferences and regulatory environments to maximize market potential.

Type Analysis

The motorcycle market can be segmented by type into Standard, Cruiser, Sports, Touring, Adventure, and Others. Standard motorcyc

The global motorcycle market size 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.

The U.S. Motorcycle Market size was valued at USD XX billion in 2023 and is projected to reach USD XXX billion by 2032, exhibiting a CAGR of 4.9 % during the forecasts period.

Motorcycle, bike and parts manufacturers produce a variety of two-wheeled vehicles and parts, including on-highway, off-highway and dual-purpose motorcycles, as well as scooters, bicycles and related components. While these vehicles offer transportation, consumers primarily purchase bikes and motorcycles for enjoyment and exercise, making them discretionary purchases for most consumers. The industry has experienced considerable volatility in recent years, reacting to fluctuations in consumer confidence and economic conditions. Profit remains modest but stable at 2.6% of revenue, as competition from lower-priced imports and elevated input costs continues to challenge domestic manufacturers, especially those lacking premium branding or scale. Consolidation is ongoing, as established leaders like Harley-Davidson and Polaris leverage strong reputations and scale advantages, while smaller competitors face persistent margin pressure. While sales rebounded sharply post-pandemic due to pent-up recreational demand, the industry now faces a slowdown, with current-year revenue declining by 0.9% to $6.9 billion in 2025. Trade dynamics, input costs and technological investments are reshaping competition and profitability. Imports account for more than half of domestic demand, particularly in price-sensitive segments, such as bicycles, scooters and their parts. At the same time, major US motorcycle brands maintain greater resilience due to their diverse product lines and global recognition. Manufacturers are contending with supply chain disruptions and are increasingly investing in automation to mitigate these challenges. At the same time, electrification and environmental consciousness are driving rapid investment in hybrid and electric vehicles, with leading brands focusing on battery technology, safety and partnerships to capture growth in urban mobility markets. Looking ahead, rising consumer confidence and steady recreation spending will support moderate gains, though the pace of expansion is expected to slow. To remain competitive, manufacturers must continually refresh their product offerings through electrification, advanced technology and targeted marketing, while adapting to shifting demographics, diversifying their supply chains and responding to evolving trade policies. The sector’s ability to innovate and respond to these trends will be critical to sustaining profitability and market share in a changing landscape. Industry revenue is forecast to grow at a 1.2% CAGR over the next five years, reaching $7.4 billion in 2030.

The global on-road motorcycle market size is projected to grow from USD 70.19 billion in 2025 to USD 111.88 billion by 2033, exhibiting a CAGR of 6%.
Report Scope:

Report Metric	Details
Market Size in 2024	USD 66.22 Billion
Market Size in 2025	USD 70.19 Billion
Market Size in 2033	USD 111.88 Billion
CAGR	6% (2025-2033)
Base Year for Estimation	2024
Historical Data	2021-2023
Forecast Period	2025-2033
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
Segments Covered	On the Basis of Product,On the Basis of Application,By Region.
Geographies Covered	North America, Europe, APAC, Middle East and Africa, LATAM,
Countries Covered	U.S., Canada, U.K., Germany, France, Spain, Italy, Russia, Nordic, Benelux, China, Korea, Japan, India, Australia, Taiwan, South East Asia, UAE, Turkey, Saudi Arabia, South Africa, Egypt, Nigeria, Brazil, Mexico, Argentina, Chile, Colombia,

The Motorcycle Market Report is Segmented by Motorcycle Type (Standard, Cruiser, Sports, Adventure, Touring, Off-Road), Engine Capacity (Up To 200cc, 200-400cc, 400-800cc, Above 800cc), Propulsion Type (ICE, Electric), Application (Personal, Commercial), and Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa). The Market Forecasts are Provided in Terms of Value (USD) and Volume (Units).

The global motorcycle manufacturing market is booming, driven by urbanization and rising disposable incomes. Discover key trends, leading manufacturers (Honda, Yamaha, Harley-Davidson, etc.), and future growth projections in this comprehensive market analysis covering 2019-2033. Explore the impact of electric motorcycles and regional variations.

The size of the Heavyweight Motorcycle Market market was valued at USD 6.73 Billion in 2024 and is projected to reach USD 9.29 Billion by 2033, with an expected CAGR of 4.72% during the forecast period. Key drivers for this market are: 1. Electric heavyweight motorcycle models, 2. Growing popularity of touring bikes; 3. Rise in motorcycle tourism; 4. Advancements in safety technologies; 5. Expanding demand in emerging markets. Potential restraints include: 1. Growing demand for adventure touring, 2. Increasing disposable income levels; 3. Rising interest in customization; 4. Technological advancements in motorcycles; 5. Expanding retail and e-commerce channels.

The global off-road motorcycle market size is anticipated to reach USD 17,078.7 million in 2024. It is estimated to rise at a CAGR of 6.1% during the assessment period to reach the value of USD 30,875.1 million by 2034.

Attributes	Description
Estimated Global Off-road Motorcycle Market Size (2024E)	USD 17,078.7 million
Projected Global Off-road Motorcycle Market Value (2034F)	USD 30,875.1 million
Value-based CAGR (2024 to 2034)	6.1%

Semi-annual Update on Off-road Motorcycle Market

Particular	Value CAGR
H1	5.5% (2023 to 2033)
H2	6.2% (2023 to 2033)
H1	5.8% (2024 to 2034)
H2	6.4% (2024 to 2034)

Analysis of Top Countries Producing, Using, and Distributing Off-road Motorcycle Market

Countries	CAGR 2024 to 2034
India	6.4%
France	6%
Spain	5.8%
Italy	5.6%
Canada	5.6%

Off-road Motorcycle Market Industry Analysis by Key Categories

Segment	Enduro bikes (Type)
Value Share (2024)	35%

Segment	251 to 500 CC (Engine Capacity)
Value Share (2024)	35%

Discover the latest insights on the global motorcycle market, projected to reach $91.7 billion by 2033, with a 1.3% CAGR. Explore market segmentation, key players (Honda, Yamaha, Hero MotoCorp), and regional trends influencing this dynamic industry. Learn about the rise of electric motorcycles and the opportunities and challenges shaping the future of motorcycle consumption.

Global Motorcycle Market size is set to expand from $139.25 Billion in 2023 to $ 192.77 Billion by 2032, with an anticipated CAGR of around 3.68% from 2024 to 2032.

The Three Wheeled Motorcycle Market is estimated to be valued at USD 2.7 billion in 2025 and is projected to reach USD 5.5 billion by 2035, registering a compound annual growth rate (CAGR) of 7.5% over the forecast period.

Metric	Value
Three Wheeled Motorcycle Market Estimated Value in (2025 E)	USD 2.7 billion
Three Wheeled Motorcycle Market Forecast Value in (2035 F)	USD 5.5 billion
Forecast CAGR (2025 to 2035)	7.5%

Discover the booming supersport motorcycle market! Explore key trends, growth drivers, leading manufacturers (Honda, Yamaha, Ducati), and regional market shares in our comprehensive analysis projecting a multi-billion dollar market by 2033. Learn about the impact of electric motorcycles and future market forecasts.

The Vietnam Two-Wheeler Market Report is Segmented by Vehicle Type (Motorcycles, Scooters, and Mopeds), Propulsion Type (Internal Combustion Engine, and More), Drive Type (Chain, Belt, and Shaft), End Use (Personal, Commercial, and More), Sales Channel (Online and Offline), and Geography. The Market Forecasts are Provided in Terms of Value (USD) and Volume (Units).

The Off-Road Motorcycle Market is projected to hit USD 13.39 billion by 2034, growing at a CAGR of 4.7% over the forecast period.

Discover the latest trends and growth projections for the global super-sport motorcycle market. This in-depth analysis reveals key drivers, restraints, and regional market shares, featuring insights from leading brands like Yamaha, Kawasaki, Honda, and Ducati. Explore the future of high-performance motorcycles from 2025 to 2033.

The Motorcycle Manufacturing industry has struggled over recent years, contending with overcapacity and intense cost pressures. Manufacturers mainly provide final goods to dealers, both domestic and international, although some offer intermediate goods for motorcycle manufacturers and parts resellers. First-time buyers of motorcycles and younger customers are increasingly purchasing bikes with smaller engine capacity to avoid sharp spikes in fuel prices, driving up revenue. Over the five years through 2025, revenue is expected to rise at a compound annual rate of 3.8% to €12.9 billion, including an estimated decline of 1.1% in 2025. Despite COVID-19 disruption weighing on lead times, revenue continued to mount in 2020, with many manufacturers benefitting from resilient demand. Revenue continued to climb over the two years through 2022, driven by individuals looking to get out of the house following lockdown restrictions, and seeing motorcycles as a sustainable, enjoyable way of doing that. However, profitability took a hit as manufacturers battled with semiconductor shortages, ratcheting up key input prices. Motorcycle manufacturers continued to perform well in 2023 despite seeing their revenue growth slow. The jump in demand can be attributed to supply constraints easing, allowing pent up demand to be met, driving revenue growth. In 2024, revenue fell in the motorcycle manufacturing market, slowing markedly as the European economy entered a period of stagnation. The drop was mitigated by manufacturers ramping up output nearer the end of the year in time for the Euro5+ regulations that came into effect on January 1st 2025, imposing restrictions on bikes that didn’t meet environmental requirements. This had spillover effects for 2025, with sales that would have occurred during the year being brought forward for 2024, weighing on revenue growth. Over the five years through 2030, revenue is forecast to swell at a compound annual rate of 2.7% to reach €14.8 billion. Consumer preferences will shift towards more fuel-efficient and electric motorcycles thanks to growing green concern among the public and rising environmental regulations. The development and sale of electric models will raise prices, pushing up revenue and profit. European companies’ expertise in developing new electric battery technology will give manufacturers an edge over foreign producers, aiding profit growth.

Discover the latest trends in the booming global motorcycle market. This in-depth analysis reveals market size, growth projections, key players (Honda, Yamaha, Harley-Davidson, and more), regional trends, and the impact of electric motorcycles. Explore the opportunities and challenges shaping this dynamic industry from 2025 to 2033.

Discover the booming two-wheeler motorcycle market! Explore key trends, growth drivers, and regional insights in this comprehensive analysis. Learn about leading brands, market segmentation, and future projections until 2033.