The Report Covers Global Connected Motorcycle Market Size by Segmentation and it is segmented by Service Type (Driver Assistance, Infotainment, and Safety), End User (Private and Commercial), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The market size and forecast are provided in terms of value (in USD million) for all the above segments.

The Motorcycles market in in the United States is projected to grow by 2.26% (2024-2029) resulting in a market volume of US$7.76bn in 2029. A motorcycle is a two-wheeled means of transportation that employs an engine for fast transport with efficiency. Using a bicycle, the important components are as follows: wheels with a lightweight material to decrease the overall weight of the bicycle; handles to control the bicycle; and a seating space for one or two users. There are different types of motorcycles: cruisers, sport bikes, and touring bikes, each offering a peculiar riding experience. The benefits of motorcycles can be enumerated as follows: They have a great fuel economy; hence, they are economical vehicles well suited for use in transport and travel. Essential safety features such as airbags and anti-lock braking systems (ABS) are standard in most compact cars. Motorcycles also offer convenience and fun, which is likely to attract thrill seekers and enthusiasts who ride bikes. Also, they are usually cheaper to purchase and maintain than cars since they have fewer gadgets or features.

The Global Electric Scooter and Motorcycle Market is Segmented by Vehicle Type (E-scooters and E-motorcycles), Battery Type (Lithium-ion and Sealed Lead-acid), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The report offers size and forecast for all the above segments in value (USD million).

The connected motorcycle market size is anticipated to expand from USD 95.89 million to USD 7.59 billion, demonstrating a CAGR of around 39.6% CAGR throughout the forecast period, from 2025 to 2037. Europe industry is projected to hold the largest market share by the end of 2037, attributed to the increasing sales of motorcycles and growing demand for advanced safety systems among motorcyclists.

In 2029, the global motorcycle market is projected to reach a volume of around 63 million units. Over half of this market is forecast to be comprised of on-road motorcycles. Off-road motorcycles, the smallest segment, is expected to experience the strongest growth.

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 market size of the Smart Connected On Motorcycle Market is categorized based on Application (Private Use, Commercial Race) and Product (Driver assistance, Infotainment, Safety, Vehicle management & telematics, Insurance) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

This report provides insights into the market size and forecasts the value of the market, expressed in USD million, across these defined segments.

The global conventional motorcycles and scooters market is projected to reach a valuation of US$ 1,99,138.0 million by 2033. The market is anticipated to grow at a CAGR of 3.8% between 2023 and 2033. The conventional motorcycles and scooters market is set to be valued at US$ 1,37,145.2 million in 2023.

Attributes	Key Statistics
Global Conventional Motorcycles and Scooters Market Estimated Size (2023E)	US$ 1,37,145.2 million
Projected Market Valuation (2033F)	US$ 1,99,138.0 million
Value-based CAGR (2023 to 2033)	3.8%
Collective Value Share: Top 5 Countries (2023)	More than 82.3%

Country-wise Insights

Country	Market CAGR % (2023 to 2033)
India	4%

Country	Market Share % (2023)
Japan	9.9%

Country	Market Share % (2023)
The United States	14.5%

Category-wise Insights

Segment	Market Share % (2023)
Conventional Motorcycles	77.6%

Segment	Market Share % (2023)
Upto 150 cc	21.7%

Conventional Motorcycles and Scooters Market Report Scope

Report Attributes	Details
Estimated Market Size (2023)	US$ 1,37,145.2 million
Projected Market Valuation (2033)	US$ 1,99,138.0 million
Value-based CAGR (2023 to 2033)	3.8%
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2022
Market Analysis	Value (US$ million)
Key Regions Covered	North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East & Africa (MEA).
Key Countries Covered	The United States, Canada, Brazil, Mexico, Germany, Italy, France, The United Kingdom, Spain, BENELUX, Russia, China, Japan, South Korea, India, Association of Southeast Asian Nations, Australia and New Zealand, GCC Countries, Northern Africa, South Africa
Key Market Segments Covered	Product Type, Engine Capacity Type, and Region
Key Companies Profiled	Yamaha Motors Co., Ltd. Piaggio & C. SpA Suzuki Motor Corporation Honda Motor Co., Ltd. Hero Motocorp Ltd. Eicher Motors Limited Harley-Davidson, Inc. Bajaj Auto Ltd. TVS Motor Company Lifan Industry (Group) Co., Ltd. Ducati Motor Holding S.p.A. KTM AG Triumph Motorcycles Ltd. Kwang Yang Motor Co., Ltd. Syarikat Motosikal dan Enjin Nasional Sdn. Bhd. Sanyang Motor Co., Ltd. Walton Group QianJiang Group Co., Ltd. Luoyang Northern Ek Chor Motorcycle Co., Ltd. Chongqing YinXiang Motorcycle (Group) Co., Ltd
Report Coverage	Market Forecast, brand share analysis, competition intelligence, DROT analysis, market dynamics and challenges, strategic growth initiatives

The Off-Road Motorcycle Market estimated size and share is projected to exceed USD 13.39 billion by 2034, with a forecasted CAGR of 4.7% during the period.

The Two-Wheeler Market is segmented by Propulsion Type (Electric, Hybrid and Electric Vehicles, ICE) and by Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America). The report offers market size in both market value in USD and market volume in unit. Further, the report includes a market split by Vehicle Type, Vehicle Configuration, Vehicle Body Type, Propulsion Type, and Fuel Category.

Motorcycle Market size was valued at USD 119.55 billion in 2021 and is poised to grow from USD 129.83 billion in 2022 to USD 272.8 billion by 2030, growing at a CAGR of 8.6% in the forecast period (2023-2030).

According to Cognitive Market Research, the global Premium Motorcycles market size will be USD XX million in 2024. It will expand at a compound annual growth rate (CAGR) of 23.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 21.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD XX million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 25.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 22.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 22.7% from 2024 to 2031.
The Cruiser Motorcycles category is the fastest growing segment of the Premium Motorcycles industry

Market Dynamics of Premium Motorcycles Market

Key Drivers for Premium Motorcycles Market

Rising Disposable Incomes to Boost Market Growth

Increasing disposable incomes, particularly in emerging markets, are driving heightened demand for premium motorcycles. Increased incomes enhance consumers' purchasing power, enabling them to invest in premium, feature-laden motorcycles that align with their aspirational lifestyles. This transition is especially apparent among middle-class consumers who desire automobiles that integrate performance, comfort, and prestige. The increasing popularity of leisure motorcycling and adventure travel enhances demand for high-end models. Manufacturers are implementing creative designs, advanced technologies, and improved customization possibilities to appeal to this growing consumer demographic. Consequently, increasing disposable incomes are a primary catalyst for expansion in the premium motorbike sector.

Changing Lifestyle Preferences to Drive Market Growth

Motorcycles are transforming from simple means of transport to potent symbols of living, embodying individualism, adventure, and freedom. A significant number of consumers perceive motorbike ownership as an expression of their identity and a means of differentiation. Adventure and touring motorcycles are notably favoured, attracting individuals in pursuit of exhilarating adventures and discoveries. The emergence of motorcycle organizations and groups highlights this cultural transformation, fostering a sense of connection among riders. Manufacturers are capitalizing on this trend by providing models that merge performance with distinctive appearance and customization choices, framing motorcycles as not merely cars but as representations of a vibrant lifestyle.

Restraint Factor for the Premium Motorcycles Market

Economic Slowdowns, will Limit Market Growth

Economic downturns frequently result in diminished consumer expenditure, particularly on non-essential goods such as luxury motorcycles. In periods of financial instability, customers prioritize necessary purchases and may postpone or abandon expenditures on expensive things. Luxury items, such as premium motorcycles, are especially susceptible as consumers grow more prudent regarding their spending. Manufacturers may have difficulties if demand for premium models diminishes, necessitating potential modifications in pricing tactics, promotions, and manufacturing volumes. In such contexts, businesses may pivot towards more economical alternatives or implement financing schemes to sustain consumer engagement and alleviate the effects of economic recessions.

Impact of Covid-19 on the Premium Motorcycles Market

The COVID-19 epidemic profoundly affected the motorcycle market, altering supply networks, manufacturing processes, and consumer expenditure. Lockdowns and restrictions caused temporary industrial closures, stalling production and leading to inventory shortages. Simultaneously, customer demand varied, with certain regions witnessing a decrease in sales attributed to economic uncertainties. In some markets, the epidemic generated heightened interest in motorbikes as a safer, individual means of transportation, esp...

Between 2022 and 2030, the electric motorbike market is projected to have a compound annual growth rate of 10.2 percent, reaching around 109.5 billion U.S. dollars in 2030. In 2021, the market was sized at just under 46 billion U.S. dollars, as data from Next Move Strategy Consulting shows.

Explore the Connected Motorcycle Market trends! Covers key players, growth rate 44.2% CAGR, market size $1.44 Billion, and forecasts to 2033. Get insights now!

The Panamanian motorcycle and scooter market skyrocketed to $11M in 2024, increasing by 23% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed a pronounced decrease. As a result, consumption reached the peak level of $33M.

Adventure Bikes dominate the market due to their versatility, comfort, and ability to handle both on-road and off-road conditions. Dirt Bikes are popular among motocross and off-road racing enthusiasts. Trial Bikes are specialized motorcycles designed for technical terrain and obstacle courses. Enduro Bikes are used for long-distance off-road races. Kids Motorbikes cater to young riders and provide a safe and enjoyable way to learn off-road riding. Recent developments include: March 2024: Jawa Yezdi is considering having a very busy year in the year 2024. One of the new bikes that the firm has produced is called the Yezdi Adventure Rally Pro. The company has developed a variety of new motorcycles., An updated version of the Adventure has reportedly been prepared by the corporation, as said in a video shared on social media. It would seem that this new model, which is being marketed as the Adventure Rally Pro, has shed some pounds and appears to be better prepared for use off-road., The Adventure Rally Pro will be equipped with a single-piece seat that is more compact. The structure that links the gasoline tank to the headlight unit has been removed, and the grab-rail has been removed to make room for a rear fender that is designed in the adventure style more appropriately. The tires that were spotted on the motorcycle are suitable for off-road use; nevertheless, it is very doubtful that they will be installed as a standard fitment. There is a possibility that the motorbike has undergone other modifications; however, it is quite difficult to capture all of these modifications in the footage that was released., Both the ordinary Yezdi Adventure and the Royal Enfield Himalayan 450 are competitors in this market. On the other hand, Yezdi has been feeling the heat ever since the Himalayan 450 was released, and he wanted to add a little bit of excitement to the bike while still making it more practical. There is a good chance that the Adventure Rally Pro will accomplish that. In spite of the fact that the formal launch is expected to take place over the next several weeks, we assume that the Rally Pro will continue to be marketed alongside the stock model., February 2023: Electric Vehicle (EV) startup, Graft, has begun taking orders of EO.12, its first high-performance electric motorbike designed for off-road trail riding, competitive enduro and motocross.The EO.12 is the first off-road motorbike across both gasoline and electric markets to feature carbon fibre wheels, delivering 25% weight saving against the average motorbike wheel and comprising a total vehicle weight of 50 kg / 110 lbs. (battery inclusive). The ultra-light construction ensures excellent maneuverability and easy recovery on challenging, technical trails, and with a maximum output of 25 kW (34 hp) the bike has the highest known power-to-weight ratio for an off-road electric motorbike., Aug 2022: Yamaha Motor Corporation, USA, is excited to introduce the new 2023 lineup of advanced, industry-leading YZ off roading motorcycles. Conceived for competition and extensively developed through knowledge gained at the highest levels of professional motorsports, the 2023 lineup of Yamaha YZ Motocross and Cross Country machines offer cutting-edge performance along with a level of refinement and rideability that instills confidence in every rider. Highlights for 2023 include an all-new flagship YZ450F Motocross model, along with an all-new YZ125X and extensively updated YZ250X two-stroke Cross Country models.. Key drivers for this market are: Growing popularity of adventure riding and off-road racing

Increasing demand for electric off-road motorcycles. Potential restraints include: High cost of ownership and maintenance

Safety concerns and lack of riding infrastructure. Notable trends are: Electrification of off-road motorcycles

Development of autonomous off-road motorcycles.

Recent developments include: February 2023: Harley-Davidson announced a partnership with AWS to develop new connected motorcycle services. The partnership will leverage AWS's cloud computing platform to develop new features such as remote diagnostics, predictive maintenance, and over-the-air software updates., December 2022: BMW Motorrad announced a partnership with Vodafone to develop new connected motorcycle services. The partnership will leverage Vodafone's cellular network to provide services such as real-time traffic information, weather updates, and emergency assistance., February 2021: BMW Motorrad and AWS announced a partnership to develop new connected motorcycle services. The partnership will focus on developing new cloud-based services that will enhance the safety, security, and convenience of BMW Motorrad motorcycles.. Key drivers for this market are: Increasing popularity of motorcycles

Rising disposable income. Potential restraints include: High cost of connected motorcycles

Limited availability of charging infrastructure for electric motorcycles. Notable trends are: Growing adoption of electric motorcycles

Increasing demand for safety features.

The SADC motorcycle, scooter and side-car market was estimated at $1.8B in 2024, increasing by 4.9% against the previous year. In general, consumption continues to indicate prominent growth. The level of consumption peaked at $2B in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

The adventure motorcycle market size is projected to grow from USD 14.23 billion in 2024 to USD 25.56 billion by 2035, representing a CAGR of 5.47%.

The India Two Wheeler Market is segmented by Propulsion Type (Hybrid and Electric Vehicles, ICE). The report offers market size in both market value in USD and market volume in unit. Further, the report includes a market split by Vehicle Type, Vehicle Configuration, Vehicle Body Type, Propulsion Type, and Fuel Category.