In June 2024, approximately *** million motorcycles had been sold in China. In the recent two years, the highest monthly motorcycle sales record was in September 2022, with nearly **** million units. Motorcycle industry in ChinaAccording to the graph at hand, motorcycle sales in China are highly sensitive to cyclical fluctuations. Figures had reached a low in January 2023 and February 2024, coinciding with China's week-long Spring Festival holiday. Annual motorcycle sales in China display a steady decline in demand over the past years. In contrast, passenger vehicle sales in China have grown steadily. Various factors may contribute to the decline of the motorcycle industry in China. To begin with, China has no developed motorcycle culture like the one found in the United States, for example - a fact that most international manufacturers seem to struggle with. Also, the Chinese domestic market is still highly regulated and import barriers are high, reducing motorcycle imports to between ***** and ***** units per month in 2017. Moreover, about *** municipalities and cities have banned motorcycles completely from their downtown areas. In Shanghai and Beijing, motorcycles without a local license place are officially forbidden from entering the urban area. This restriction is focused on heavier bikes with larger engine sizes, as can be seen from a breakdown of motorcycle sales figures by capacity. Another reason behind the declining motorcycle sales could be the rivalry with low-end Chinese cars. The cheap cars produced by domestic carmakers pose a threat to the motorcycle's market share. Nevertheless, China has the largest domestic motorcycle market worldwide. As of 2022, every fifth Chinese household owned a motorcycle. In comparison, a statistic demonstrates that only *** percent of U.S. households owned a motorcycle.

The number of unit sales in the motorcycles market in India was modeled to amount to ************* motorcycles in 2024. From 2014 to 2024, the number of unit sales rose by ************ motorcycles, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the number of unit sales will rise by ************ motorcycles, showing an overall upward trend with periodic ups and downs.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Motorcycles.

The global motorcycle market size was valued at 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 revenue in the motorcycles market worldwide was modeled to be 156.59 billion U.S. dollars in 2024. Between 2014 and 2024, the revenue rose by 52.11 billion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The revenue will steadily rise by 22.86 billion U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Motorcycles.

Motorcycle Market Outlook

According to our latest research, the global motorcycle market size stood at USD 128.6 billion in 2024, reflecting robust demand across both developed and emerging economies. The market is expected to expand at a CAGR of 5.1% from 2025 to 2033, reaching an estimated value of USD 201.3 billion by the end of the forecast period. Key growth drivers include urbanization, rising disposable incomes, and the increasing adoption of motorcycles for both personal mobility and commercial applications. Technological advancements, especially in electric propulsion and connectivity, are further bolstering market expansion and transforming the competitive landscape.

One of the primary factors fueling the growth of the motorcycle market is the rapid pace of urbanization, particularly in emerging economies across Asia Pacific and Latin America. As urban centers expand, the need for affordable, efficient, and flexible transportation solutions has become increasingly critical. Motorcycles, with their low operating costs, ease of maneuverability, and ability to navigate congested urban environments, are ideally suited to address these mobility challenges. Additionally, the growing middle-class population in these regions is driving up demand for personal vehicles, with motorcycles often serving as the first step toward vehicle ownership due to their affordability and accessibility.

Technological innovation is another significant growth catalyst for the global motorcycle market. Manufacturers are investing heavily in research and development to enhance performance, safety, and user experience. The integration of advanced features such as anti-lock braking systems (ABS), traction control, ride-by-wire technology, and digital instrument clusters is making motorcycles more attractive to a broader range of consumers. The emergence of electric motorcycles is particularly noteworthy, as governments worldwide implement stricter emission regulations and promote cleaner transportation alternatives. These electric models not only offer environmental benefits but also appeal to a new generation of tech-savvy, eco-conscious riders, further expanding the market's consumer base.

The evolving landscape of motorcycle applications is also shaping market dynamics. While personal use continues to dominate, there is a marked increase in the utilization of motorcycles for commercial purposes, including delivery services, ride-sharing, and fleet operations. The surge in e-commerce and on-demand delivery platforms has created substantial demand for two-wheelers capable of navigating urban environments quickly and efficiently. This trend is especially pronounced in densely populated cities, where motorcycles can significantly reduce delivery times and operational costs. As businesses seek to optimize last-mile delivery and enhance customer satisfaction, the commercial segment of the motorcycle market is poised for sustained growth throughout the forecast period.

Regionally, Asia Pacific remains the undisputed leader in the global motorcycle market, accounting for over 60% of total sales in 2024. The region's dominance is underpinned by high population density, rapid economic development, and a deeply ingrained motorcycle culture in key markets such as India, China, Indonesia, and Vietnam. North America and Europe, while smaller in volume, are witnessing increased demand for high-performance and electric motorcycles, driven by lifestyle preferences and environmental awareness. Meanwhile, Latin America and the Middle East & Africa are emerging as promising markets, supported by improving economic conditions and expanding urban infrastructure. Each region presents unique opportunities and challenges, shaping the overall trajectory of the global motorcycle market.

In recent years, the superbike segment has garnered significant attention within the motorcycle market. Known for their high-speed capabilities and advanced engineering, superbikes appeal to a niche group of enthusiasts who prioritize performance and cutting-edge technology. These motorcycles are often equipped with powerful engines, sophisticated aerodynamics, and state-of-the-art electronics, making them a favorite among speed aficionados and track racers. The superbike market is particularly vibrant in regions with a strong motorsports culture, such

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 global connected motorcycle market generated revenue of USD 147.2 million in 2023, which is expected to witness a CAGR of 60.2% during 2024–2030

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 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%

Motorcycle Market size was valued at USD 119.55 billion in 2019 and is poised to grow from USD 129.83 billion in 2023 to USD 272.8 billion by 2031, growing at a CAGR of 8.6% in the forecast period (2024-2031).

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Electric Motorcycle Market Size 2025-2029

The electric motorcycle market size is forecast to increase by USD 317.1 billion, at a CAGR of 36.1% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing demand for sustainable transportation solutions. This trend is further bolstered by the integration of Internet of Things (IoT) and smart infrastructure in electric motorcycle charging stations, enabling efficient load management and enhancing user convenience. However, the high cost of electric motorcycles remains a substantial challenge for market penetration. Companies seeking to capitalize on this market's potential must focus on cost reduction strategies and innovation to make electric motorcycles more accessible to a wider audience. Additionally, collaborations with charging infrastructure providers and government initiatives promoting green transportation can help accelerate market growth. Overall, the market presents a lucrative opportunity for companies to lead the transition towards sustainable mobility solutions.

What will be the Size of the Electric Motorcycle Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free SampleThe market continues to evolve, driven by advancements in technology and shifting consumer preferences. Home charging units and power electronics play a crucial role in the seamless integration of electric motorcycles into daily life. The supply chain, from raw materials to finished products, undergoes constant adjustments to meet the demands of this dynamic market. Public charging networks and charging infrastructure are expanding, providing more options for riders to recharge on the go. Retail channels, including both brick-and-mortar stores and online platforms, adapt to meet the unique needs of electric motorcycle buyers. Electric bikes, with their varying motor powers and energy efficiencies, cater to diverse consumer segments. Battery packs, with their advancements in cell chemistry and energy density, enable longer ranges and faster charging times. Motor components, such as motor controllers and cooling systems, ensure optimal performance and safety. Fleet management and ride-sharing services leverage electric motorcycles for their environmental impact and cost-effectiveness. Performance metrics, including top speed, range anxiety, and fuel efficiency equivalents, continue to be key considerations for consumers. Government incentives, tax credits, and safety standards further influence the market's direction. Motorcycle manufacturers and technology companies collaborate to develop smart features, such as GPS navigation, regenerative braking, and app integration, enhancing the user experience. Battery technology, thermal management, and battery swapping are ongoing areas of research and development, addressing concerns related to charging infrastructure and range anxiety. Aftermarket parts, wireless charging, and lithium-ion batteries offer opportunities for customization and innovation. The market's continuous evolution reflects its potential to transform the transportation landscape, offering a more sustainable, efficient, and connected alternative to traditional motorcycles.

How is this Electric Motorcycle Industry segmented?

The electric motorcycle industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. TypeSealed lead acidLithium-ionTechnologyRemovableNon-removableDrive TypeBelt DriveChain DriveHub MotorBelt DriveChain DriveHub MotorEnd-UserPersonalCommercialPersonalCommercialGeographyNorth AmericaUSCanadaEuropeFranceGermanyUKMiddle East and AfricaUAEAPACChinaIndiaJapanSouth AmericaBrazilRest of World (ROW)

By Type Insights

The sealed lead acid segment is estimated to witness significant growth during the forecast period.Electric motorcycles are experiencing significant advancements, with security systems and user-friendly interfaces becoming standard features. Smart motorcycles integrate GPS navigation, fast charging, and app integration for enhanced user experience. The electric motor, motor controller, and power electronics are key components, with motor power ranging from motorcycles to electric scooters. Maintenance services and warranty programs ensure reliability, while performance metrics such as top speed, motor power, and fuel efficiency (equivalent) attract consumers. Government incentives and tax credits promote the adoption of electric motorcycles, addressing concerns over carbon footprint. Lithium-ion batteries, known for their energy efficiency and long-lasting performance, are increasingly preferred. However, challenges such as range anxiety and

According to Cognitive Market Research, the global Motorcycle Accessories market size was USD 8965.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 4.20% 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 3586.20 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 2689.65 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 2062.07 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 448.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.6% 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 179.31 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.9% from 2024 to 2031.
The protective gear category is the fastest growing segment of the Motorcycle Accessories industry

Market Dynamics of Motorcycle Accessories Market

Key Drivers for Motorcycle Accessories Market

Growing Popularity of Motorcycling as a Lifestyle to Boost Market Growth

The market for motorcycle accessories is significantly influenced by the growing acceptance of riding as a lifestyle. For many fans, riding a motorcycle is more than just a way to get around; it's a symbol of freedom, adventure, and self-expression. The market for premium, fashionable, and useful accessories like gloves, jackets, helmets, and personalized parts is being driven by this cultural shift. Riders frequently look for goods that complement their individuality and improve their comfort, safety, and visual appeal. This trend is further amplified by social media sites and motorcycle forums, which display customized bikes and equipment, encouraging others to make accessory purchases. It is anticipated that this expanding lifestyle focus will maintain strong demand in international markets.

The Rise in Motorcycle Touring and Adventure Activities to Drive Market Growth

The market for motorcycle accessories is mostly driven by the rise in adventure and touring activities. Motorcyclists who are looking for exciting experiences and adventure are increasingly drawn to long-distance and off-road riding. This tendency increases demand for speciality equipment, including saddlebags, GPS navigation systems, panniers, and sturdy riding gear made for harsh terrain and weather conditions. Helmets, protective suits, and communication gadgets are becoming more and more popular as riders place a higher priority on convenience and safety. The growth of motorcycle touring competitions and adventure bike models further bolsters the need for this equipment. The demand for associated equipment is expected to rise sharply as more riders enjoy touring and adventure.

Restraint Factor for the Motorcycle Accessories Market

The High Cost of Branded and Premium Motorcycle Accessories Will Limit Market Growth

The high price of high-end motorbike accessories significantly limits the market's expansion. Even though many riders place a high value on quality, safety, and cutting-edge features, the high cost of branded helmets, protective gear, and performance-enhancing components may put off buyers on a tight budget. Because these items are expensive, riders are forced to choose less expensive, lower-quality alternatives in developing nations where affordability is a major consideration. Widespread adoption is limited by the price sensitivity of some customer segments, even in developed nations. High-end accessory producers also have trouble defending their prices in the face of rising competition from knockoff and mid-range goods. Especially in areas where consumers are price-sensitive, this cost barrier still hinders market penetration and growth.

Impact of Covid-19 on the Motorcycle Accessories Market

The market for motorcycle accessories was affected in a variety of ways by the COVID-19 outbreak. Initial supply chain delays, production halts, and lower consumer spending caused sales to drop, particularly for high-end and non-essential items. The demand for adventure and touring gear ...

The global market for motorcycles and scooters is expected to experience continued growth over the next decade, driven by increasing demand worldwide. Market performance is projected to slow down slightly, with a forecasted CAGR of +1.1% in terms of volume and +1.7% in terms of value from 2024 to 2035.

North America Dirt Bikes market size was USD 3832.64 million in 2024 and will rise at the compound annual growth rate (CAGR) of 6.0% from 2024 to 2031. North America has emerged as a prominent participant, and its sales revenue is estimated to reach USD 6256.9 Million by 2031. This growth is because of the surging popularity of off-road sports.

In 2024, about **** percent of motorcycle sales in Indonesia were made by Honda Motorcycles. The second largest manufacturer was Yamaha with a market share of about **** percent in the same year.

In 2024, the Vietnamese motorcycle and scooter market was finally on the rise to reach $3.5B after three years of decline. Over the period under review, consumption, however, continues to indicate a noticeable decrease. Over the period under review, the market attained the peak level at $5.3B in 2012; however, from 2013 to 2024, consumption stood at a somewhat lower figure.

The global motorcycle engine market is largely concentrated in Asia(>90% share), with Europe and American continent accounting for <8% share cumulatively.

Global Motorcycle And Bicycle market size is expected to reach $108.59 billion by 2029 at 5%, rising health consciousness fuels growth in the motorcycle and bicycle market

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Adventure Motorcycles Market Size 2024-2028

The adventure motorcycles market size is forecast to increase by USD 12224.35 million at a CAGR of 6.46% between 2024 and 2028. The market is experiencing significant growth, driven by several key trends. Firstly, there is an increasing trend toward adventurous sporting, with consumers seeking thrilling experiences and a desire to explore new territories. Secondly, technological advances in adventure motorcycles continue to shape the market, with innovations such as improved suspension systems, enhanced engine performance, and advanced safety features. Lastly, environmental concerns are becoming a significant factor, with manufacturers focusing on reducing the carbon footprint of their products through the use of electric and hybrid motorcycles. These trends are shaping the market, offering both opportunities and challenges for industry players.

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Adventure motorcycles, often referred to as ADV bikes or street-legal adventure motorcycles, have surged in popularity among thrill-seekers. These bikes are designed for versatility, featuring large fuel tanks, high-raked suspensions, and rugged tires that make it easy for riders to tackle both paved roads and off-road trails. Most adventure motorcycles are equipped with dual-purpose tires, rear-view mirrors, instruments, lights, and turn signals, ensuring a safe and comfortable riding experience.

Engine sizes vary, with some models offering larger engines for added power and torque. Riders can also choose from a wide range of accessories to customize their bikes for different riding conditions. Another key feature is the fuel capacity, which allows for long-distance travel without the need for frequent refueling stops. The adventure motorcycle market appeals to a diverse group of riders, including commuters who appreciate the rugged construction and off-road capabilities of these machines. With readily available spare parts and a solid support infrastructure, adventure motorcycles are a reliable option for those looking to enjoy exhilarating rides.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.

Type

  500cc-1000cc
  Above 1000cc


Application

  Off-road
  On-road


Geography

  APAC

    China


  Europe

    Germany
    UK


  North America

    US


  South America



  Middle East and Africa

By Type Insights

The 500cc-1000cc motorcycle segment is expected to see substantial growth in the coming years. Enthusiasts looking for exciting adventure rides are increasingly drawn to larger engine capacity bikes, particularly those over 500cc, commonly known as adventure motorbikes or ADV bikes. These motorcycles offer a range of benefits that enhance the riding experience.

First and foremost, they feature advanced suspension systems that improve handling on rugged terrain. Their larger fuel capacity allows for longer trips without frequent stops, while dual-purpose tires ensure optimal performance on both paved roads and dirt trails. Many adventure motorbikes also come equipped with various riding modes, accessory options, and electronic suspension systems that enhance comfort and control for the rider. Additional features like navigation systems and riding aids make every journey more enjoyable.

Engine capacity is a crucial consideration, as multi-cylinder motorcycles deliver greater power and torque, resulting in improved acceleration and higher top speeds. These street-legal bikes are designed for off-road capabilities, boasting high-quality chassis, high-raked suspensions, large fuel tanks, and aerodynamic fairings. Adventure riders appreciate not just the performance but also the distinctive styling and sound of these bikes, which are equipped with features like body positioning options, windscreens, rear-view mirrors, and rugged tires for a more immersive riding experience.

Motorcycle manufacturers are continuously innovating, introducing connected technologies, weight reduction methods, and advanced battery and radar systems to meet the rising demand for adventure bikes. New offerings, such as Zontes' 500cc adventure bike, The 500 T, are generating additional excitement in the market. In summary, adventure motorcycles combine power, comfort, and versatility, making them a compelling choice for those seeking thrilling, long-distance rides across diverse terrains.

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The 500cc-1000cc segment accounted for USD 16.85 billion in 2018 and showed a gradual increase during the forecast period.

Regional Insights

APAC is estimated to contribute 62% to the growth of the global market during the forecast period. Technavio's

Global On-Road Motorcycles market size is expected to reach $114.2 billion by 2029 at 11.5%, surge in motorbike sports enthusiasts fuels on-road motorcycle market growth