In 2024, nearly 1.7 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 1.86 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 200,000 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 78 percent of the motorcycle market share.
This statistic presents the market growth of the electric motorcycles and scooters in China from 2015 to 2017, with a forecast up to 2024. By 2024, the electric motorbikes market in China was forecasted to grow by around 9.6 percent.
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Germany Market Share: Motorcycle: by Brand: Piaggio data was reported at 11.070 % in 2021. This records an increase from the previous number of 10.660 % for 2020. Germany Market Share: Motorcycle: by Brand: Piaggio data is updated yearly, averaging 7.930 % from Dec 2012 (Median) to 2021, with 10 observations. The data reached an all-time high of 11.070 % in 2021 and a record low of 6.320 % in 2015. Germany Market Share: Motorcycle: by Brand: Piaggio data remains active status in CEIC and is reported by Federal Motor Transport Authority. The data is categorized under Global Database’s Germany – Table DE.RA016: Market Share: Motorcycle: by Brand.
The Motorcycle Dealers industry's revenue has faced mixed trading conditions over the past few years, as the COVID-19 pandemic wrought havoc on global supply chains and demand fluctuated heavily. Downstream demand spiked during the 2020 and 2021 calendar years, as a combination of rising real household discretionary income and restrictions on various types of spending juiced demand for new and used motorcycles. The closure of Australia's international border drove greater interest in domestic holidays, which included many households purchasing a new motorcycle. As pandemic-related restrictions were wound back in 2021-22, customer demand eased, while global supply chain constraints tanked stock deliveries, especially for new motorcycles or motor scooters. Yet, the effect of falling sales volumes was only partially felt by dealers, because prices soared, especially on the second-hand market. Overall, revenue is expected to decline at an annualised 0.6% over the five years through 2023-24, to total $1.8 billion. This includes an anticipated decline of 2.6% in 2023-24, as faltering demand from the agricultural sector weakens industrywide sales.The industry is highly fragmented, with most enterprises contributing only a small share of industry revenue. Dealers often require franchising agreements with key motorcycle manufacturers and distributors like Honda, Yamaha, Suzuki and Kawasaki to resell products to consumers. Given the minimal incremental benefits that acquisitions offer, dealerships typically remain small and independent. This structure makes it harder for dealers to pass on higher costs to customers, which has weighed on profit margins since 2021-22 when costs surged. Nonetheless, some dealer consolidation has occurred over the past decade as larger dealerships, like MotorCycle Holdings, engaged in an aggressive mergers and acquisition strategy.Consumer optimism and rising household discretionary income are projected to be key drivers of industry expansion over the next few years. A rise in the percentage of Australians that are concerned about environmental issues offers prospects for growth, driving consumers towards electric models of motorcycles and motor scooters. New models are set to flood the Australian market, providing a key growth segment for dealers and wholesalers. Overall, industry revenue is forecast to rise at an annualised 1.6% over the five years through 2028-29, to reach $1.9 billion.
Throughout the period from 2013 to 2018, the Taiwanese motorcycle manufacturer Kymco accounted for about ten percent of the Italian market. In 2015, the market share of Kymco peaked at 11.13 percent.
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For the seventh year in a row, the Hong Kong motorcycle and scooter market recorded decline in sales value, which decreased by -60.9% to $7.1M in 2024. In general, consumption showed a deep downturn. Motorcycle and scooter consumption peaked at $69M in 2015; however, from 2016 to 2024, consumption remained at a lower figure.
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In 2024, after three years of growth, there was significant decline in the Costa Rican motorcycle and scooter market, when its value decreased by -11.5% to $60M. In general, consumption, however, continues to indicate a modest expansion. Over the period under review, the market attained the maximum level at $85M in 2014; however, from 2015 to 2024, consumption stood at a somewhat lower figure.
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In 2024, the ASEAN motorcycle, scooter and side-car market decreased by -18.9% to $37.9B for the first time since 2015, thus ending a eight-year rising trend. Over the period under review, consumption, however, enjoyed buoyant growth. As a result, consumption attained the peak level of $46.7B, and then declined dramatically in the following year.
There were a over 212,000 new registrations for motorcycles and scooters in Germany in 2023. By far, the most commonly sold type was a motorcycle or all-terrain vehicle (ATV) with an engine size over 125 cubic centimeters. That year they accounted for 59 percent of total sales.In the period between 2015 and 2023, motorcycle registrations peaked in 2020, at roughly 219,000 units. Classic motorcycles most popular Classic models are the most popular motorcycle type with German consumers. In 2023, roughly 49,000 such vehicles were purchased. They were closely followed by Enduro models, selling over 34,000 bikes. Leading manufacturers As of 2023, BMW remained the leading motorcycle manufacturer in the country. That year, their sales volume amounted to around 24,000 units. This was around 1,800 vehicles more than the second entry, Honda. BMW was the only German brand among the most popular motorcycle manufacturers in the country.According to a Statista forecast, motorcycle sales in Germany are projected to reach an industry revenue of 3.3 billion euros by 2029.
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After five years of growth, the Angolan motorcycle and scooter market decreased by -17.8% to $70M in 2024. Over the period under review, consumption recorded a slight reduction. Over the period under review, the market reached the maximum level at $86M in 2015; however, from 2016 to 2024, consumption stood at a somewhat lower figure.
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The Croatian market for motorcycles and cycles with an auxiliary motor fell to $1.5M in 2024, declining by -14% against the previous year. Over the period under review, consumption recorded a abrupt curtailment. Consumption of peaked at $4.5M in 2015; however, from 2016 to 2024, consumption stood at a somewhat lower figure.
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The Egyptian market for motorcycles and cycles with an auxiliary motor dropped slightly to $35M in 2024, flattening at the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $47M in 2015; however, from 2016 to 2024, consumption remained at a lower figure.
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After four years of decline, the Vietnamese motorcycle and bicycle market increased by 1.4% to $1.2B in 2024. In general, consumption continues to indicate a mild downturn. As a result, consumption reached the peak level of $1.9B. From 2015 to 2024, the growth of the market remained at a lower figure.
Honda was the leading motorcycle brand in the United Kingdom in 2023 with over 20,000 units registered by UK consumers. Despite a year-on-year dip in sales of around 19 percent in 2020 from which Honda began to recover in 2021, seeing only a small dip of 6 percent between 2022 and 2023. The brand remained a class of its own: Honda's nearest competitor, fellow Japan based manufacturer Yamaha, sold closed to 12,250 units. In 2020, Lexmoto, Yamaha's closest competitor in 2020, lost its position as the third most popular motorcycle brand in the UK, experiencing a nearly 50 percent drop in 2021 to just under 6,000 units sold. Honda’s worldwide sales Globally, Honda sold 18.76 million motorcycles in their 2023 fiscal year. Of this tally, more than 17 million units were shipped in Asia, by far the company’s most important sales market. Two-wheelers are convenient in countries with small roads and tight city structures, making motorcycles and scooters more ubiquitous than passenger cars in many Asian countries, such as India, where Honda Motorcycles & Scooters (HMSI) accounted for 25 percent of the market in the 2023 financial year, making it the second leading manufacturer in the country. Motorcycles on UK roads In 2022, United Kingdom roads were populated by 1.33 million motorcycles. This figure has seen slight fluctuations in the past nineteen years, with a first peak recorded in 2009, at nearly 1.28 million units. The subsequent fall in motorcycle numbers contrasted with the volume of cars in the country, which had continued to grow steadily. 2020, in part due to economic uncertainties linked to the COVID-19 pandemic, saw a slight reversal of this trend.
This statistic represents the size of the global market for electricity-powered two-wheelers between 2017 and 2024. It is predicted that the market for electric motorcycles and scooters will reach some 22 billion U.S. dollars in 2024.
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The global motorcycle touring gear market size was valued at USD 3,990 million in 2015 and is projected to reach USD 5,980 million by 2033, exhibiting a CAGR of 4.0% during the forecast period (2023-2033). The market growth is primarily attributed to the increasing popularity of adventure and long-distance motorcycle riding, rising disposable income, and growing awareness about safety and comfort gear. The market is segmented based on application, type, and region. Based on application, the market is divided into leisure riding and professional riding. Leisure riding is expected to dominate the market during the forecast period, as it accounts for a larger share of motorcycle touring activities. Based on type, the market is segmented into helmets, gloves, protective gear, jackets, pants, and others. Helmets are expected to remain the dominant segment during the forecast period, as they are essential for rider safety. North America is expected to hold the largest share of the market throughout the forecast period, while the Asia Pacific region is expected to witness significant growth due to the increasing number of motorcycle riders in the region.
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The Egyptian motorcycle or bicycle tyre market shrank to $12M in 2024, waning by -10.7% against the previous year. Over the period under review, consumption saw a deep downturn. As a result, consumption reached the peak level of $58M. From 2015 to 2024, the growth of the market failed to regain momentum.
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In 2024, the Qatari market for motorcycles and cycles with an auxiliary motor was finally on the rise to reach $858K for the first time since 2021, thus ending a two-year declining trend. In general, consumption, however, showed a abrupt setback. Over the period under review, the market attained the maximum level at $4M in 2014; however, from 2015 to 2024, consumption stood at a somewhat lower figure.
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The revenue of the motorcycle tire market in Cyprus amounted to $X in 2018, reducing by -X% 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). Overall, motorcycle tire consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the market value increased by X% y-o-y. In that year, the motorcycle tire market attained its peak level of $X. From 2015 to 2018, the growth of the motorcycle tire market remained at a somewhat lower figure.
The e-bike market is projected to generate around 44.1 billion U.S. dollars in revenue by 2029. In 2024, revenue from the global e-bike market U.S. dollars. Large markets across the globe The Asia-Pacific region is the largest e-bike market, but the European market has picked up steam. In some countries within Europe, e-bikes now make up more than half of all bicycles sold. The leader here is the Netherlands, which reached this tipping point in 2020. Germany is another important market for e-bikes, with 2.1 million units sold in 2023.
In 2024, nearly 1.7 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 1.86 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 200,000 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 78 percent of the motorcycle market share.