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.
A motorcycle, a widely popular two-wheeled automobile, is engineered for high-speed handling and rapid acceleration, which makes it perfect for urban commutes. Many models come with a rear suspension and a gas tank placed in front of the lower engines. In November 2024, Honda unveiled the world’s first V3 motorcycle engine with an electrical compressor at EICMA 2024. This innovative 75-degree V3 engine, designed for larger displacement motorcycles, delivers high-response torque at lower rpm and eliminates the need for an intercooler. Honda aims to apply this technology to future models, enhancing the riding experience and advancing internal combustion engine development.
The motorcycle market is expanding quickly, driven by low-cost means of personal transportation, particularly in developing economies. Rising disposable incomes and growing urban populations have increased demand within the automotive industry. Consequently, sales of two-wheelers have soared, providing an affordable and efficient solution for commuting among a wide range of consumers.
The global motorcycle market faced sales and disruptions in production and supply chains during the COVID-19 pandemic. However, pent-up demand for personal transportation has led to a strong recovery. As economies reopen, the motorcycle market is witnessing rising demand, with consumers opting for cost-effective and efficient commuting solutions.
The motorcycle market is evolving with the introduction of CNG motorcycles, presenting an alternative to traditional fuel options. With reduced GST on CNG bikes, they are attracting mileage-conscious consumers looking for cost-effective solutions. In July 2024, Bajaj Auto launched the Bajaj Freedom 125, the world's first CNG-powered motorcycle, featuring a dual-fuel system and a 125cc engine, providing significant fuel savings. While electric vehicles are gaining popularity, CNG fuel motorcycles remain an appealing, fuel-efficient choice for budget-conscious riders.
The motorcycle market is advancing with the integration of vehicle-to-vehicle (V2V) communication in two-wheeler, improving safety and connectivity. With the rise of eco-friendly vehicles, electric motorcycles are gaining popularity for their environmental benefits and efficiency. Furthermore, tax benefits for electric vehicles are driving their adoption, making them an appealing choice for consumers looking for sustainable, cost-effective transportation solutions.
The motorcycle market is growing rapidly with the adoption of electric vehicles, especially electric bikes. As consumers shift towards sustainable transport, the adoption of electric models continues to rise. This trend is boosting the motorcycle market share, with electric bikes becoming a leading segment, highlighting the growing demand for electric vehicles.
The motorcycle market is set for expansion as urban populations grow worldwide. The United Nations Conference on Trade & Development (UNCTAD) statistical handbook highlights the rise in urban population, particularly in developing countries. As urban areas expand, motorcycles provide an economical and efficient transportation choice for the growing urban population.
In regions like Asia and Oceania, the motorcycle market is experiencing significant growth due to rapidly growing urbanization and high population density in urban areas. According to FCAI, Australia saw 94,224 motorcycles and off-highway vehicles delivered in 2024. The lack of parking spaces and insufficient mobility infrastructure further fuels the demand for motorcycles, offering an efficient, space-saving transportation solution to meet the challenges posed by urban congestion and limited mobility options.
The lack of parking spaces in urban areas has increased demand for motorcycles, as compact mobility solutions become more popular. Two-wheeled vehicles offer a practical alternative to larger cars, enhancing transportation efficiency. This shift in consumer preferences is anticipated to spur market growth, further driving the motorcycle market.
The motorcycle market in the Asia Pacific region is projected to see a significant increase in demand, especially in metropolitan areas. With an average annual rate, this trend is expected to accelerate market growth during the forecast period, contributing to the industry's expansion.
The motorcycle market faces significant challenges due to safety concerns, especially for two-wheeler occupants. Two-wheeler accidents generate serious safety issues, raising fears about rider protection. The lack of advanced safety features, such as airbags or improved crash protection, discourages potential buyers, further limiting the market growth. In India, two-wheeler riders account for the highest number of fatalities, with nearly half of all road accident deaths in 2022 involving two-wheelers. According to the Ministry of Road Transport and Highways, 44% of road accidents were linked to two-wheelers. As safety remains a major concern, these factors hinder broader motorcycle adoption, particularly in regions with high accident rates.
Two-wheeler companies hold the largest share of the global market, offering standard models that combine advanced technology and a classic design. Motorcycles in the lower-capacity (less than 300 cc) segment are seeing increased market demand due to their affordability and fuel efficiency. In October 2024, Honda launched India’s first 300cc flex-fuel motorcycle, the CB300F, priced at Rs. 1,70,000. Featuring a 293.52cc engine, E85 fuel compatibility, and advanced safety systems like dual-channel ABS, it also boasts a digital instrument panel with an ethanol indicator. Honda supports India’s Ethanol Blended Petrol programme and aims for carbon neutrality by 2050. The high-performance-oriented category is gaining momentum, with manufacturers focusing on motorcycles with a lightweight body frame to improve fuel economy and performance. As consumer preferences shift towards more practical and efficient options, market demand for these vehicles continues to drive innovation and growth.
The motorcycle market is witnessing a growing trend for high-performance bikes, offering powerful engines and relaxed riding experiences. Long-distance models are gaining traction, especially among the young population across the globe, boosting demand for sports and cruiser bikes. In February 2025, Honda entered India with the CB 350 and planned to introduce the Rebel 300, a cruiser with high-set handlebars and a low seat, powered by the CB300 R’s engine, reflecting a preference for both comfort and performance.
The growth of the electric motorcycle market is driving notable changes in the two-wheeler industry. With the developing electric vehicle charging infrastructure, the growth of the electric model market is boosted at a rapid pace. By July 2023, the Electric Vehicle Council reported 42 electric motorcycle models in Australia. Furthermore, shared and private electric bike programs are expanding, supported by regulatory changes that promote safety. Companies are keen to develop electric models that align with the market trend of high-performance, addressing the rising demand for eco-friendly alternatives. As electric motorcycles gain traction, this evolution will reshape the motorcycle industry’s future.
Motorcycles with engine capacities up to 200cc dominate the global motorcycle market, offering fuel-efficient options that appeal to a wide range of consumers. These models meet the growing demand for economical transportation, especially among first-time buyers and riders in emerging markets. This segment has contributed significantly to market growth, providing affordable motorcycles for daily commuting. In October 2024, Hero MotoCorp teased the next-gen Xpulse 210, which made its debut at EICMA in November. The 210cc model featured a liquid-cooled engine, enhanced performance, and additional features such as a fully digital instrument panel, adjustable suspension, dual-channel ABS, and off-road capabilities.
The 200cc to 400cc motorcycles segment is experiencing significant growth in the global market with versatile engine capacities, reflecting rising demand for adaptable models that cater to diverse needs. The fastest-growing segment focuses on motorcycles suitable for both daily commuting and leisure riding, offering various engine types to meet diverse requirements. With urban mobility on the rise, these motorcycles are becoming vital for efficient travel.
The 400cc to 800cc category plays important role in driving the global motorcycle market as it is experiencing a growing demand for bikes that offer enhanced performance and touring capabilities. Riders are increasingly drawn to motorcycles with high-performance capabilities, particularly in the touring category, where comfort and power for long-distance journeys are crucial. Consequently, top-of-the-line motorcycles featuring advanced engine types and innovative designs are becoming more sought after. These models combine robust engines with cutting-edge features, delivering exceptional performance for experienced riders and those eager to explore new destinations.
The region has a well-established two-wheeler market, proving highly lucrative with the adoption of advanced technologies. The increasing demand for various types of motorbikes has fostered innovation and competition, driving growth. This trend is enhancing the market’s potential and attracting significant investment from both local and international players.
The largest two-wheeler manufacturer globally leads the market with innovative designs and an extensive international presence. Other leading manufacturers also maintain significant market shares, offering a diverse range of models. With total production volume reaching millions each year, these companies emphasise top-notch safety in their products. As the electric vehicle market grows, they are adapting motorcycles and scooters into electric vehicles, meeting the rising demand for sustainable, eco-friendly options in the two-wheeler sector.
A motorcycle, a widely popular two-wheeled automobile, is engineered for high-speed handling and rapid acceleration, which makes it perfect for urban commutes. Many models come with a rear suspension and a gas tank placed in front of the lower engines. In November 2024, Honda unveiled the world’s first V3 motorcycle engine with an electrical compressor at EICMA 2024. This innovative 75-degree V3 engine, designed for larger displacement motorcycles, delivers high-response torque at lower rpm and eliminates the need for an intercooler. Honda aims to apply this technology to future models, enhancing the riding experience and advancing internal combustion engine development.
The motorcycle market is expanding quickly, driven by low-cost means of personal transportation, particularly in developing economies. Rising disposable incomes and growing urban populations have increased demand within the automotive industry. Consequently, sales of two-wheelers have soared, providing an affordable and efficient solution for commuting among a wide range of consumers.
The global motorcycle market faced sales and disruptions in production and supply chains during the COVID-19 pandemic. However, pent-up demand for personal transportation has led to a strong recovery. As economies reopen, the motorcycle market is witnessing rising demand, with consumers opting for cost-effective and efficient commuting solutions.
Motorcycle Market Trends
Electric motorcycles are becoming the preferred choice for a more sustainable future
The global motorcycle market is gradually moving away from fossil fuel use, with larger two-wheeler companies prioritising electric motorcycles as a core part of their future strategy. Electric models are gaining popularity as vehicle brands adopt motorbike technology breakthroughs and advance battery technology. In February 2025, Royal Enfield announced the launch of its first electric bike, the Flying Flea C6, due in March 2026. This bike will be manufactured in India, with an annual production target of 1.5 lakh units. As the electric hereafter becomes more prominent, consumers are increasingly choosing electric motorcycles over conventional fuel motorcycles, driving significant industry change.The motorcycle market is evolving with the introduction of CNG motorcycles, presenting an alternative to traditional fuel options. With reduced GST on CNG bikes, they are attracting mileage-conscious consumers looking for cost-effective solutions. In July 2024, Bajaj Auto launched the Bajaj Freedom 125, the world's first CNG-powered motorcycle, featuring a dual-fuel system and a 125cc engine, providing significant fuel savings. While electric vehicles are gaining popularity, CNG fuel motorcycles remain an appealing, fuel-efficient choice for budget-conscious riders.
The motorcycle market is advancing with the integration of vehicle-to-vehicle (V2V) communication in two-wheeler, improving safety and connectivity. With the rise of eco-friendly vehicles, electric motorcycles are gaining popularity for their environmental benefits and efficiency. Furthermore, tax benefits for electric vehicles are driving their adoption, making them an appealing choice for consumers looking for sustainable, cost-effective transportation solutions.
The motorcycle market is growing rapidly with the adoption of electric vehicles, especially electric bikes. As consumers shift towards sustainable transport, the adoption of electric models continues to rise. This trend is boosting the motorcycle market share, with electric bikes becoming a leading segment, highlighting the growing demand for electric vehicles.
Motorcycle Market Growth Factors
Rapid growth of urbanisation, combined with increasing traffic congestion in cities, is expected to drive market growthThe motorcycle market is set for expansion as urban populations grow worldwide. The United Nations Conference on Trade & Development (UNCTAD) statistical handbook highlights the rise in urban population, particularly in developing countries. As urban areas expand, motorcycles provide an economical and efficient transportation choice for the growing urban population.
In regions like Asia and Oceania, the motorcycle market is experiencing significant growth due to rapidly growing urbanization and high population density in urban areas. According to FCAI, Australia saw 94,224 motorcycles and off-highway vehicles delivered in 2024. The lack of parking spaces and insufficient mobility infrastructure further fuels the demand for motorcycles, offering an efficient, space-saving transportation solution to meet the challenges posed by urban congestion and limited mobility options.
The lack of parking spaces in urban areas has increased demand for motorcycles, as compact mobility solutions become more popular. Two-wheeled vehicles offer a practical alternative to larger cars, enhancing transportation efficiency. This shift in consumer preferences is anticipated to spur market growth, further driving the motorcycle market.
The motorcycle market in the Asia Pacific region is projected to see a significant increase in demand, especially in metropolitan areas. With an average annual rate, this trend is expected to accelerate market growth during the forecast period, contributing to the industry's expansion.
Restraining Factors
Growing safety concerns related to riding two-wheelers are anticipated to hinder the market growth
The motorcycle market faces challenges as four-wheelers gain popularity, preferred for long-distance rides due to their superior comfort and safety features like seat belts. As a result, the four-wheelers market is growing, while two-wheelers sales are declining. Additionally, the absence of advanced safety-related parts and devices like lock braking systems deters many from riding two-wheelers. As a result, global two-wheeler sales are experiencing a decline, with sales dropping by 12.4% in 2024. This downturn, reflected in key markets like the USA (-15%) and Europe (-9.9%), impacts market growth in the future. The increasing dominance of four-wheelers further limits the potential for two-wheelers market expansion.The motorcycle market faces significant challenges due to safety concerns, especially for two-wheeler occupants. Two-wheeler accidents generate serious safety issues, raising fears about rider protection. The lack of advanced safety features, such as airbags or improved crash protection, discourages potential buyers, further limiting the market growth. In India, two-wheeler riders account for the highest number of fatalities, with nearly half of all road accident deaths in 2022 involving two-wheelers. According to the Ministry of Road Transport and Highways, 44% of road accidents were linked to two-wheelers. As safety remains a major concern, these factors hinder broader motorcycle adoption, particularly in regions with high accident rates.
Motorcycle Market Segmentation Analysis
By Motorcycle Type Analysis
Optimal combination of design, riding posture, and fuel efficiency makes the standard to dominant the marketTwo-wheeler companies hold the largest share of the global market, offering standard models that combine advanced technology and a classic design. Motorcycles in the lower-capacity (less than 300 cc) segment are seeing increased market demand due to their affordability and fuel efficiency. In October 2024, Honda launched India’s first 300cc flex-fuel motorcycle, the CB300F, priced at Rs. 1,70,000. Featuring a 293.52cc engine, E85 fuel compatibility, and advanced safety systems like dual-channel ABS, it also boasts a digital instrument panel with an ethanol indicator. Honda supports India’s Ethanol Blended Petrol programme and aims for carbon neutrality by 2050. The high-performance-oriented category is gaining momentum, with manufacturers focusing on motorcycles with a lightweight body frame to improve fuel economy and performance. As consumer preferences shift towards more practical and efficient options, market demand for these vehicles continues to drive innovation and growth.
The motorcycle market is witnessing a growing trend for high-performance bikes, offering powerful engines and relaxed riding experiences. Long-distance models are gaining traction, especially among the young population across the globe, boosting demand for sports and cruiser bikes. In February 2025, Honda entered India with the CB 350 and planned to introduce the Rebel 300, a cruiser with high-set handlebars and a low seat, powered by the CB300 R’s engine, reflecting a preference for both comfort and performance.
By Propulsion Type Analysis
Infrastructure and accessibility drive the ICE segment to retain the largest market share
The ICE propulsion type, or Internal Combustion Engine, continues to dominate the motorcycle industry, with engine-based models widely used for generating power through fuel combustion. Despite the rise of electric-propelled motorcycles, which are gaining ground, the ICE propulsion type still holds the largest global market share owing to its established infrastructure and strong consumer preference. In July 2024, Kawasaki introduced the world’s first hydrogen-ICE bike, the prototype based on the Ninja H2 SX, at the Suzuka 8 Hours Endurance Race. The bike uses hydrogen fuel in a supercharged 999cc inline-four engine and is expected to be launched by 2030. This development presents an opportunity for motor companies to innovate and offer low-maintenance and cost-effective solutions while adapting to changing environmental expectations. While electric-powered bikes are growing in popularity, the ICE propulsion type still commands a significant market share worldwide, allowing companies to balance innovation with consumer needs.The growth of the electric motorcycle market is driving notable changes in the two-wheeler industry. With the developing electric vehicle charging infrastructure, the growth of the electric model market is boosted at a rapid pace. By July 2023, the Electric Vehicle Council reported 42 electric motorcycle models in Australia. Furthermore, shared and private electric bike programs are expanding, supported by regulatory changes that promote safety. Companies are keen to develop electric models that align with the market trend of high-performance, addressing the rising demand for eco-friendly alternatives. As electric motorcycles gain traction, this evolution will reshape the motorcycle industry’s future.
By Engine Capacity Analysis
Affordable and fuel-efficient characteristics of motorcycles in the up to 200cc segment dominant the marketMotorcycles with engine capacities up to 200cc dominate the global motorcycle market, offering fuel-efficient options that appeal to a wide range of consumers. These models meet the growing demand for economical transportation, especially among first-time buyers and riders in emerging markets. This segment has contributed significantly to market growth, providing affordable motorcycles for daily commuting. In October 2024, Hero MotoCorp teased the next-gen Xpulse 210, which made its debut at EICMA in November. The 210cc model featured a liquid-cooled engine, enhanced performance, and additional features such as a fully digital instrument panel, adjustable suspension, dual-channel ABS, and off-road capabilities.
The 200cc to 400cc motorcycles segment is experiencing significant growth in the global market with versatile engine capacities, reflecting rising demand for adaptable models that cater to diverse needs. The fastest-growing segment focuses on motorcycles suitable for both daily commuting and leisure riding, offering various engine types to meet diverse requirements. With urban mobility on the rise, these motorcycles are becoming vital for efficient travel.
The 400cc to 800cc category plays important role in driving the global motorcycle market as it is experiencing a growing demand for bikes that offer enhanced performance and touring capabilities. Riders are increasingly drawn to motorcycles with high-performance capabilities, particularly in the touring category, where comfort and power for long-distance journeys are crucial. Consequently, top-of-the-line motorcycles featuring advanced engine types and innovative designs are becoming more sought after. These models combine robust engines with cutting-edge features, delivering exceptional performance for experienced riders and those eager to explore new destinations.
Regional Insights
Growing adoption of electric vehicles is expected to drive market growth in the Asia Pacific region
The Asia Pacific region commands a substantial share of the global market owing to its large middle-class populations and increasing demand for motorcycles. With high sales and production rates, the region plays a significant role in global motorcycle sales. The shift towards electric two-wheelers is growing, driven by rising interest in affordable electric models and government incentives promoting sustainability. According to the International Trade Administration, China is a leading motorcycle manufacturing hub, with more than half of its production exported to Asia, Africa, and South America. However, with only 7.6 million motorcycles exported in 2022, the rise of electric two-wheelers in Asia is anticipated to drive market growth, especially in urban areas. The region also offers an extensive range of sports and commuter motorcycles, appealing to a wide range of consumers and reinforcing its dominance in the global market.The region has a well-established two-wheeler market, proving highly lucrative with the adoption of advanced technologies. The increasing demand for various types of motorbikes has fostered innovation and competition, driving growth. This trend is enhancing the market’s potential and attracting significant investment from both local and international players.
List of Key Companies in Motorcycle Market
Honda Motor Company has become a key player in the market due to its reputation for reliability, versatility, and comfortThe largest two-wheeler manufacturer globally leads the market with innovative designs and an extensive international presence. Other leading manufacturers also maintain significant market shares, offering a diverse range of models. With total production volume reaching millions each year, these companies emphasise top-notch safety in their products. As the electric vehicle market grows, they are adapting motorcycles and scooters into electric vehicles, meeting the rising demand for sustainable, eco-friendly options in the two-wheeler sector.
- Yamaha Motor Co., Ltd.
- Honda Motor Co., Ltd
- Volkswagen Group (Ducati Motor)
- Kawasaki Heavy Industries Ltd
- Triumph Motorcycles Ltd
- BMW AG
- Harley-Davidson, Inc.
- Suzuki Motor Corporation
- Piaggio & C. SpA (Aprilia)
- KTM AG
- Bajaj Auto Ltd.
- TVS Motor Company Limited
- Bayerische Motoren Werke (BMW) AG
- Hero MotoCorp Ltd.
- Kawasaki Motors Corp
- Others
Global Motorcycle Industry Segmentation
The report titled “Motorcycle Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:Market Breakup by Motorcycle Type
- Standard
- Sports
- Cruiser
- Touring
- Others
Market Breakup by Propulsion Type
- ICE
- Electric
Market Breakup by Engine Capacity
- Up to 200cc
- 200cc to 400cc
- 400cc to 800cc
- More than 800cc
Market Breakup by Region
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Italy
- Others
- Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
- Latin America
- Brazil
- Argentina
- Mexico
- Others
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Table of Contents
1 Executive Summary
2 Market Overview and Stakeholder Insights
3 Economic Summary
4 Country Risk Profiles
5 Global Motorcycle Market Analysis
6 North America Motorcycle Market Analysis
7 Europe Motorcycle Market Analysis
8 Asia Pacific Motorcycle Market Analysis
9 Latin America Motorcycle Market Analysis
10 Middle East and Africa Motorcycle Market Analysis
11 Market Dynamics
12 Trade Data Analysis (HS Code- 8711)
13 Competitive Landscape
Companies Mentioned
- Yamaha Motor Co., Ltd.
- Honda Motor Co., Ltd
- Volkswagen Group (Ducati Motor)
- Kawasaki Heavy Industries Ltd
- Triumph Motorcycles Ltd
- BMW AG
- Harley-Davidson, Inc.
- Suzuki Motor Corporation
- Piaggio & C. SpA (Aprilia)
- KTM AG
- Bajaj Auto Ltd.
- TVS Motor Company Limited
- Bayerische Motoren Werke (BMW) AG
- Hero MotoCorp Ltd.
- Kawasaki Motors Corp
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 180 |
| Published | July 2025 |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
