How big is the Motorcycle Market | Growth, Size & Industry Insights 2031

How big is the Motorcycle Market?

The market is expanding due to a number of factors, including growing urbanization, the need for more affordable mobility, fuel efficiency preferences, the popularity of electric motorcycles, the expansion of e-commerce delivery networks, and better rural connectivity.

Growth Factors for Motorcycle Market

• Growing demand in urban and semi-urban areas for reasonably priced personal transportation
• The demand for fuel-efficient vehicles is being driven by rising fuel prices.
• Government EV incentives and the growing popularity of electric motorcycles
• Quick expansion of ride-hailing services, food delivery services, and logistics
• Constant innovation in products, such as connected and smart bikes
• Growth in the culture of recreational motorcycling and motorcycle tourism

Motorcycle Market Trends

Motorcycle Market is witnessing strong momentum due to rising urban mobility needs and the growing popularity of electric variants. Lightweight and energy-efficient models designed for both long-distance riding and city commuting are the manufacturers' main focus. Additionally, the integration of IoT-enabled diagnostics, ABS, and AI-based safety systems is becoming more popular. Additionally, there is a push for reasonably priced electric motorcycles in developing nations and a growing demand for high-end motorcycles in developed markets.

Emerging Developments in the Motorcycle Market

The emergence of battery-swapping technology, improved fast-charging infrastructure, and government subsidies for electric two-wheelers are some of the emerging developments in the Motorcycle Market. Manufacturers are spending more money on AI-powered safety systems and lightweight composites.  Several tech startups are entering the market with subscription-based motorcycle services. Furthermore, connected mobility platforms and telematics are becoming common in mid-range and high-end models, enabling real-time diagnostics and predictive maintenance.

List of Leading Companies in the Motorcycle Market

Below is a comprehensive list of the leading market players driving growth in this sector:

1.Harley-Davidson, Inc.

This company offers a premium range of cruiser and touring motorcycles, with recent efforts to expand into electric mobility through its LiveWire brand.

2.Yamaha Motor Co., Ltd.

This company is a worldwide leader in performance motorcycles, scooters, and off-road vehicles with an expanding electric and hybrid bike portfolio

3.Kawasaki Heavy Industries, Ltd.

This company is known for producing high-performance sport motorcycles and is investing in hydrogen and electric motorcycle technologies.

4.BMW Motorrad

This company specializes in adventure touring and luxury motorcycles, focusing on safety features and digital integration.

5.Ducati Motor Holding S.p.A.

This company offers high-performance motorcycles, focusing on racing technologies, aerodynamics, and lightweight design.

6.KTM AG

This company is known for off-road and sport motorcycles, including e-mobility offerings and innovations in lightweight engine systems.

7.Suzuki Motor Corporation

This company produces commuter bikes and sport models, and is expanding its presence in the electric two-wheeler segment.

8.Triumph Motorcycles Ltd.

This company designs classic and modern motorcycles and is investing in electric motorcycle development and modular design.

9.Piaggio & C. SpA

This company manufactures Vespa scooters and mid-range motorcycles with a growing lineup of electric models and urban mobility solutions.

10.Zero Motorcycles Inc.

This company focuses entirely on electric motorcycles, offering advanced powertrain technology and connected mobile platforms.

How big is the Motorcycle Market : FAQ's