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Motorcycles Market Size, Share & Trends Analysis Report By Type (On-road Motorcycles, Off-road Motorcycles, Scooters), By Region, And Segment Forecasts, 2022 - 2028

May 2022 | 70 pages | ID: MCF1A0D7A27BEN
Grand View Research, Inc.

US$ 4,950.00

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Motorcycles Market Growth & Trends

The global motorcycles market size was estimated to reach USD 171.5 billion by 2028 and is anticipated to expand at a CAGR of 7.4% from 2022 to 2028, according to a new report by Grand View Research, Inc. Rising disposable income and improvement in living standards has increased demand for motorcycles across the globe, thereby driving the market growth. In addition, the launch of high-performance motorcycles, the surge in sportbike users, and the developing trend of customization are the factors that drive the market. The travel restriction imposed by the governments on public transportation such as buses, trains, and metros has resulted in heavy demand for motorcycles amid the COVID-19 pandemic.

The high cost of the motorcycles and uncomfortable seating structure are some of the factors hampering the growth of the market. Apart from that, the growing risk of road accidents for motorcycle riders acts as a major restraining factor for the market. Most of the major players operating in the market are implementing the strategy of mergers, acquisitions, and new product launches to gain maximum share in the market.

The COVID-19 pandemic has negatively impacted market growth. India, China, and Japan have been hit the hardest. COVID-19 pandemic has a major effect on the market in terms of sales owing to a disturbance in the transport capabilities of the producers due to strict norms of lockdown and growing safety concerns. Manufacturing operations have been halted, and the supply chain has been disrupted, resulting in a drop in motorcycles exports during the pandemic.

The on-road motorcycles segment contributed to the global market revenue share of around 55% in 2021. Touring motorcycles are more popular in developed countries such as the U.S., Canada, and South America. Moreover, the demand for cruiser variation is steadily growing, with users taking more interest in this segment, particularly in North America and Europe. Thus, several motorcycle manufacturers are progressing into these segments to take advantage of the rising demand for cruiser motorcycles. Thus, the on-road motorcycles demand is high and contributed more to the market revenue.

The Asia Pacific accounted for the largest market share of more than 60% in 2021. According to MarkLines Co., Ltd., India, and China were the major countries that generated large revenue for the motorcycles market in 2021. Due to rapid urbanization as well as heavy Chinese and Indian customer acceptance, the Asia Pacific accounted for the maximum share of the global demand in 2020. With the large demand for motorcycles in the emerging countries of Asia such as India, Indonesia, and Vietnam, OEMs are constructing manufacturing facilities in these countries to avoid compensating import duties and to get an advantage in the motorcycle market. Thus, the aforementioned a factor contributes to more revenue generation in the market in the Asia Pacific.

Motorcycles Market Report Highlights
  • Europe is forecast to grow with the 2nd highest CAGR of 7.3% from 2022 to 2028. The rising travel and tourism industry in Europe has led to the rise of bike-rental services, boosting the demand for motorcycles
  • The growing preference for high-end motorcycles has boosted demand for cruisers as well as sports motorcycles in Europe, with the trend anticipated to remain during the forecast period
  • The scooters segment is likely to register the 2nd highest CAGR of 7.2% during the forecast period. Due to their low price, scooters are a motorcycle type that remains popular among motorcycle riders who value a light, simple-to-ride motorcycle

CHAPTER 1 METHODOLOGY AND SCOPE

1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources
1.4. List of Abbreviations

CHAPTER 2 EXECUTIVE SUMMARY

2.1. Market Outlook
2.2. Type Outlook
2.3. Regional Outlook

CHAPTER 3 MOTORCYCLES MARKET VARIABLES, TRENDS & SCOPE

3.1. Market Segmentation
3.2. Penetration & Growth Prospect Mapping
3.3. Value Chain Analysis
3.4. Market Dynamics
  3.4.1 Market Driver Analysis
  3.4.2 Market Restraint Analysis
  3.4.3 Industry Opportunities Analysis
3.5. Business Environment Analysis
  3.5.1 Porter’s Analysis
    3.5.1.1. Threat of new entrants
    3.5.1.2. Bargaining power of suppliers
    3.5.1.3. Bargaining power of buyers
    3.5.1.4. Threat of substitutes
    3.5.1.5. Competitive rivalry
  3.5.2 PESTLE Analysis
    3.5.2.1. Political Landscape
    3.5.2.2. Environmental Landscape
    3.5.2.3. Social Landscape
    3.5.2.4. Technology Landscape
    3.5.2.5. Economic Landscape
    3.5.2.6. Legal Landscape

CHAPTER 4 CONSUMER BEHAVIOR ANALYSIS

4.1. Consumer Trends and Preferences
4.2. Factors Affecting Buying Decision
4.3. Consumer Type Adoption
4.4. Observations & Recommendations

CHAPTER 5 MOTORCYCLES MARKET: TYPE ESTIMATES & TREND ANALYSIS

5.1. Type Movement Analysis & Market Share, 2021 & 2028
5.2. On-road Motorcycles
  5.2.1 Market Estimates and Forecast, 2017 - 2028 (USD Million)
5.3. Off-road Motorcycles
  5.3.1 Market Estimates and Forecast, 2017 - 2028 (USD Million)
5.4. Scooters
  5.4.1 Market Estimates and Forecast, 2017 - 2028 (USD Million)

CHAPTER 6 MOTORCYCLES MARKET: REGIONAL ESTIMATES & TREND ANALYSIS

6.1. Regional Movement Analysis & Market Share, 2021 & 2028
6.2. North America
  6.2.1 Market Estimates and Forecast, 2017 - 2028 (USD Million)
  6.2.2 Market Estimates and Forecast, By Type, 2017 - 2028 (USD Million)
  6.2.3 U.S.
    6.2.3.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
    6.2.3.2. Market Estimates and Forecast, By Type, 2017 - 2028 (USD Million)
  6.2.4 Canada
    6.2.4.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
    6.2.4.2. Market Estimates and Forecast, By Type, 2017 - 2028 (USD Million)
6.3. Europe
  6.3.1 Market Estimates and Forecast, 2017 - 2028 (USD Million)
  6.3.2 Market Estimates and Forecast, By Type, 2017 - 2028 (USD Million)
  6.3.3 U.K.
    6.3.3.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
    6.3.3.2. Market Estimates and Forecast, By Type, 2017 - 2028 (USD Million)
  6.3.4 Germany
    6.3.4.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
    6.3.4.2. Market Estimates and Forecast, By Type, 2017 - 2028 (USD Million)
  6.3.5 France
    6.3.5.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
    6.3.5.2. Market Estimates and Forecast, By Type, 2017 - 2028 (USD Million)
  6.3.6 Italy
    6.3.6.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
    6.3.6.2. Market Estimates and Forecast, By Type, 2017 - 2028 (USD Million)
6.4. Asia Pacific
  6.4.1 Market Estimates and Forecast, 2017 - 2028 (USD Million)
  6.4.2 Market Estimates and Forecast, By Type, 2017 - 2028 (USD Million)
  6.4.3 China
    6.4.3.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
    6.4.3.2. Market Estimates and Forecast, By Type, 2017 - 2028 (USD Million)
  6.4.4 India
    6.4.4.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
    6.4.4.2. Market Estimates and Forecast, By Type, 2017 - 2028 (USD Million)
  6.4.5 Indonesia
    6.4.5.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
    6.4.5.2. Market Estimates and Forecast, By Type, 2017 - 2028 (USD Million)
  6.4.6 Vietnam
    6.4.6.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
    6.4.6.2. Market Estimates and Forecast, By Type, 2017 - 2028 (USD Million)
6.5. Central & South America
  6.5.1 Market Estimates and Forecast, 2017 - 2028 (USD Million)
  6.5.2 Market Estimates and Forecast, By Type, 2017 - 2028 (USD Million)
  6.5.3 Brazil
    6.5.3.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
    6.5.3.2. Market Estimates and Forecast, By Type, 2017 - 2028 (USD Million)
  6.5.4 Mexico
    6.5.4.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
    6.5.4.2. Market Estimates and Forecast, By Type, 2017 - 2028 (USD Million)
6.6. Middle East & Africa
  6.6.1 Market Estimates and Forecast, 2017 - 2028 (USD Million)
  6.6.2 Market Estimates and Forecast, By Type, 2017 - 2028 (USD Million)
  6.6.3 Saudi Arabia
    6.6.3.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
    6.6.3.2. Market Estimates and Forecast, By Type, 2017 - 2028 (USD Million)
  6.6.4 South Africa
    6.6.4.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
    6.6.4.2. Market Estimates and Forecast, By Type, 2017 - 2028 (USD Million)

CHAPTER 7 COMPETITIVE ANALYSIS

7.1. Key Global Players, Recent Developments & their Impact on the Industry
7.2. Key Company/Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
7.3. Vendor Landscape
  7.3.1 Key Company Market Share Analysis, 2021

CHAPTER 8 COMPANY PROFILES

8.1. Harley-Davidson Incorporation
  8.1.1 Company Overview
  8.1.2 Financial Performance
  8.1.3 Product Benchmarking
  8.1.4 Strategic Initiatives
8.2. Yamaha Motor Co., Ltd.
  8.2.1 Company Overview
  8.2.2 Financial Performance
  8.2.3 Product Benchmarking
  8.2.4 Strategic Initiatives
8.3. Yadea Group Holdings Ltd.
  8.3.1 Company Overview
  8.3.2 Financial Performance
  8.3.3 Product Benchmarking
  8.3.4 Strategic Initiatives
8.4. Honda Motor Co., Ltd.
  8.4.1 Company Overview
  8.4.2 Financial Performance
  8.4.3 Product Benchmarking
  8.4.4 Strategic Initiatives
8.5. Piaggio & C. SpA.
  8.5.1 Company Overview
  8.5.2 Financial Performance
  8.5.3 Product Benchmarking
  8.5.4 Strategic Initiatives
8.6. BMW AG
  8.6.1 Company Overview
  8.6.2 Financial Performance
  8.6.3 Product Benchmarking
  8.6.4 Strategic Initiatives
8.7. Suzuki Motor Corporation
  8.7.1 Company Overview
  8.7.2 Financial Performance
  8.7.3 Product Benchmarking
  8.7.4 Strategic Initiatives
8.8. Hero MotoCorp Limited
  8.8.1 Company Overview
  8.8.2 Financial Performance
  8.8.3 Product Benchmarking
  8.8.4 Strategic Initiatives
8.9. Bajaj Auto Ltd.
  8.9.1 Company Overview
  8.9.2 Financial Performance
  8.9.3 Product Benchmarking
  8.9.4 Strategic Initiatives
8.10. TVS Motor Company
  8.10.1 Company Overview
  8.10.2 Financial Performance
  8.10.3 Product Benchmarking
  8.10.4 Strategic Initiatives

LIST OF TABLES

Table 1 Motorcycles Market- Key Market Driver Analysis
Table 2 Motorcycles Market- Key Market Restraint Analysis
Table 3 Global On-road Motorcycles Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
Table 4 Global Off-road Motorcycles Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
Table 5 Global Scooters Market Revenue Estimates and Forecast By Type, 2017 - 2028 (USD Million)
Table 6 Global Motorcycles Market Estimates and Forecast, By Region 2017 - 2028 (USD Million)
Table 7 Global Motorcycles Market Revenue Estimates and Forecast By Type, 2017 - 2028 (USD Million)
Table 8 North America Motorcycles Market Estimates and Forecast, 2017 - 2028 (USD Million)
Table 9 North America Motorcycles Market Estimates and Forecast, by Type, 2017 - 2028 (USD Million)
Table 10 U.S. Motorcycles Market Estimates and Forecast, 2017 - 2028 (USD Million)
Table 11 U.S. Motorcycles Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
Table 12 Canada Motorcycles Market Estimates and Forecast, 2017 - 2028 (USD Million)
Table 13 Canada Motorcycles Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
Table 14 Europe Motorcycles Market Estimates and Forecast, 2017 - 2028 (USD Million)
Table 15 Europe Motorcycles Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
Table 16 U.K. Motorcycles Market Estimates and Forecast, 2017 - 2028 (USD Million)
Table 17 U.K. Motorcycles Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
Table 18 Germany Motorcycles Market Estimates and Forecast, 2017 - 2028 (USD Million)
Table 19 Germany Motorcycles Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
Table 20 France Motorcycles Market Estimates and Forecast, 2017 - 2028 (USD Million)
Table 21 France Motorcycles Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
Table 22 Italy Motorcycles Market Estimates and Forecast, 2017 - 2028 (USD Million)
Table 23 Italy Motorcycles Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
Table 24 Asia Pacific Motorcycles Market Estimates and Forecast, 2017 - 2028 (USD Million)
Table 25 Asia Pacific Motorcycles Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
Table 26 China Motorcycles Market Estimates and Forecast, 2017 - 2028 (USD Million)
Table 27 China Motorcycles Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
Table 28 India Motorcycles Market Estimates and Forecast, 2017 - 2028 (USD Million)
Table 29 India Motorcycles Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
Table 30 Indonesia Motorcycles Market Estimates and Forecast, 2017 - 2028 (USD Million)
Table 31 Indonesia Motorcycles Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
Table 32 Vietnam Motorcycles Market Estimates and Forecast, 2017 - 2028 (USD Million)
Table 33 Vietnam Motorcycles Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
Table 34 Central & South America Motorcycles Market Estimates and Forecast, 2017 - 2028 (USD Million)
Table 35 Central & South America Motorcycles Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
Table 36 Brazil Motorcycles Market Estimates and Forecast, 2017 - 2028 (USD Million)
Table 37 Brazil Motorcycles Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
Table 38 Mexico Motorcycles Market Estimates and Forecast, 2017 - 2028 (USD Million)
Table 39 Mexico Motorcycles Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
Table 40 Middle East & Africa Motorcycles Market Estimates and Forecast, 2017 - 2028 (USD Million)
Table 41 Middle East & Africa Motorcycles Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
Table 42 Saudi Arabia Motorcycles Market Estimates and Forecast, 2017 - 2028 (USD Million)
Table 43 Saudi Arabia Motorcycles Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
Table 44 South Africa Motorcycles Market Estimates and Forecast, 2017 - 2028 (USD Million)
Table 45 South Africa Motorcycles Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
Table 46 Vendor Landscape

LIST OF FIGURES

Fig. 1 Motorcycles Market Snapshot
Fig. 2 Motorcycles Market Segmentation & Scope
Fig. 3 Motorcycles Market Penetration & Growth Prospect Mapping
Fig. 4 Motorcycles Market Value Chain Analysis
Fig. 5 Motorcycles Market Dynamics
Fig. 6 Motorcycles Market Porter's Analysis
Fig. 7 Motorcycles Market: Type Movement Analysis
Fig. 8 Motorcycles Market: Regional Movement Analysis


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