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.

The Two Wheeler Market is projected to grow at a CAGR of around 8.0% during the forecast period, says MarkNtel Advisors in its latest market analysis report.

In the financial year 2024, Hero MotoCorp was the leading two-wheeler manufacturer in India, with a market share of 31 percent. The volume of two-wheelers sold across India during the same period almost reached 18 million units, which was an increase from the previous year’s 15.9 million units. Two-wheel vehicles industry in India Two-wheel vehicles are divided into three subcategories in India, namely, motorcycles, scooters, and mopeds. In the financial year 2024, 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 1980s, 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 2000s and 2010s, 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 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.

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.

In 2023, Honda was the leading motorcycle manufacturer worldwide, accounting for over a quarter of all motorcycles sold globally. The second-largest motorcycle manufacturer was Hero, which held a 9.4 percent market share.

Explore the thriving Global Electric Two Wheeler market, which is expected to grow at an impressive CAGR of 25.57% from 2023 to 2028. This remarkable growth is fueled by the increasing environmental concerns of governments across Southeast Asia, North America, Europe, the Middle East, and South America.

The Global Two-Wheeler/Motorcycle Insurance Market Report is Segmented by Policy Type (Third Party, Comprehensive Motor Insurance, and Others), Distribution Channel (Online and Offline), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The Report Offers Market Size and Forecasts for the Market in Value (USD) for all the Above Segments.

The size and share of the market is categorized based on Type (Electric Bikes, Electric Light Motorcycle, Electric Motorcycle) and Application (Online Sales, Offline Sales) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

The global 2-wheeler fuel tank market size reached USD 3.34 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 3.99 Billion by 2033, exhibiting a growth rate (CAGR) of 1.95% during 2025-2033. The increasing demand for compact mobility solutions, the rising popularity of 2-wheeler vehicle rental services, and the growing demand for fuel-efficient vehicles represent some of the key factors driving the market.

The size and share of the market is categorized based on Type (Driver Assistance, Safety, Vehicle Management, Infotainment) and Application (E-Bike, E-kick Scooter, Motorcycle, Others) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

The two wheeler suspension system market is anticipated to expand its roots at an average CAGR of 4.9% during the forecast period. The market is likely to hold a revenue of US$ 1.65 billion in 2023 while it is anticipated to cross a value of US$ 2.61 billion by 2033.

Attributes	Details
Two Wheeler Suspension System Market CAGR (2023 to 2033)	4.9%
Two Wheeler Suspension System Market Size (2023)	US$ 1.65 billion
Two Wheeler Suspension System Market Size (2033)	US$ 2.61 billion

Country-wise Insights

Region/Country	Revenue Share % (2023)
The United States	4.8%
Germany	2.1%
Japan	7.0%
Australia	0.4%

Category-Wise Landscape

Category	By Product Type
Leading Segment	Telescopic Front Suspension
Market Share (2023)	40.6%

Category	By Vehicle Type
Leading Segment	Motorcycles
Market Share (2023)	58.2%

Germany Market Share: Motorcycle: by Brand: BMW data was reported at 12.350 % in 2024. This records an increase from the previous number of 11.810 % for 2023. Germany Market Share: Motorcycle: by Brand: BMW data is updated yearly, averaging 15.830 % from Dec 2010 (Median) to 2024, with 15 observations. The data reached an all-time high of 23.500 % in 2011 and a record low of 11.810 % in 2023. Germany Market Share: Motorcycle: by Brand: BMW 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 size and share of the market is categorized based on Type (Electric Scooters, Electric Motorcycles;) and Application (Personal Use, Commercial Use;) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Global Electric Vehicle market size 2025 was XX Million. Electric Vehicle Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

According to Cognitive Market Research, the global Motorcycle Racing market size is USD 658.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.00% 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 263.40 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 197.55 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 151.46 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
Latin America had a market share for more than 5% of the global revenue with a market size of USD 32.93 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% 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 13.17 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
Advertisement/sponsorship revenue dominates the motorcycle racing market in 2024.

Market Dynamics of Motorcycle Racing Market

Key Drivers for Motorcycle Racing Market

Surging motorcycle sales drive growth in the motorcycle racing market

The increasing sale of motorbikes is predicted to drive the future growth of the motorcycle racing clothing industry. A motorcycle, sometimes known as a motorbike or just a bike, is a two-wheeled motor vehicle primarily used for transportation or entertainment. Motorcycle racing clothing may be an efficient tool for selling motorcycles when utilized carefully to improve brand image, impact customer psychology, and apply effective marketing methods. For instance, the American Motorcyclist Association, a non-profit motorsports organization based in the United States, reported that the sale of all on-road bikes in the country climbed by 14.2% in 2021.

The rising number of road accidents will drive market growth.

The rising frequency of incidents is fueling the expansion of the motorcycle racing clothing market. The number of accidents is increasing, primarily due to speeding/reckless driving, followed by other factors such as a lack of safe procedures, open violation of traffic rules by drivers, insufficient road lighting, increased encroachment, and others. Motorcycles are more prone to accidents because riders and passengers are more vulnerable to weather and road hazards than drivers in enclosed vehicles. This increase in the number of accidents will result in a high demand for motorcycle racing wear and gear that operate as a protective barrier to assure riders' safety and comfort during the ride. For instance, in December 2022, the Ministry of Road Transport and Highways, an India-based government body, reported 153,972 road accident fatalities in 2021, exceeding the 2020 record of 131,714.

Restraint Factor for the Motorcycle Racing Market

High Costs

The high costs in motorcycle racing act as a major restraint to the market. It is among those sports that require great financial investment in high-performance bikes, equipment, management of the team, travel, and maintenance. These expenses, therefore, discourage new entrants who have lower chances of competing at the highest levels, apart from the smaller teams. Moreover, sponsorship and marketing, looking for talented riders add to the financial pressure. It can also generate competitiveness imbalances in favor of teams with high budgets due to the high costs involved. Difficulties in affording running and maintenance by the sport in general—lowering its inclusiveness greatly—may then result. Accessing the motorcycle racing world is harder, especially for up-and-coming riders and less well-financed teams.

Impact of Covid-19 on the Motorcycle Racing Market

The Covid-19 outbreak delivered a significant hit to the motorcycle racing industry. Many motorcycle racing activities were cancelled, postponed, or even held without spectators as a result of government limitations and other diverse safety precautions to prevent the virus from spreading. These factors deprive organizers, teams, and sponsors of revenue. Furthermore, it disrupted the supply chain, affecting the manufacturing and availability of motorbike and racing equipment. The difficulty...

The global revenue in the motorcycles market was forecast to continuously increase between 2024 and 2029 by in total 28.4 billion U.S. dollars (+19.2 percent). After the ninth consecutive increasing year, the revenue is estimated to reach 176.25 billion U.S. dollars and therefore a new peak in 2029. Find more information concerning the Philippines and Vietnam. The Statista Market Insights cover a broad range of additional markets.

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

In 2016, approx. 2.2M tons of motorcycle and scooter were imported worldwide- coming up by 5% against the previous year level. In general, motorcycle and scooter imports continue to indicate a relat...

The 2-Wheeler Fuel Tank Market is Segmented by Capacity (Less than 20 Liters and More than 20 Liters) and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The report offers market size and forecast for the 2-wheeler fuel tank market in value (USD million) for all the above segments.