The global market for Motorcycles, Scooters and Mopeds is estimated at 51.3 Million Units in 2023 and is projected to reach 76.8 Million Units by 2030, growing at a CAGR of 5.9% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the motorcycles, scooters, and mopeds market is driven by several factors. Rising personal mobility needs of the growing global population, increasing number of young and middle class population, rising employment rates and improving disposable incomes are all poised to benefit the market growth in the near to mid-term. Further, the ongoing, fast paced urbanization in several developing countries in Asia-Pacific, Latin America and the Middle East and lack of efficient and effective public transportation systems in most parts of these regions, and traffic congestions and stringent emission norms in developed regions such as the US, Canada, and Europe would help significantly widen the unit sales of motorcycles, scooters and mopeds. Improvement in road infrastructure in several parts of the world is another factor encouraging the demand for powered two-wheelers, globally. Technological advancements, particularly in electric vehicle (EV) technology, have led to a surge in electric scooter and moped sales, driven by consumer demand for environmentally friendly alternatives. Changing consumer preferences, with a shift towards more economical and sustainable modes of transportation, also play a significant role. Additionally, government incentives and subsidies for electric vehicles, along with stricter emissions regulations, have accelerated the adoption of electric motorcycles, scooters, and mopeds. The rise of the sharing economy, with the proliferation of ride-sharing and rental services, has further expanded the market, providing convenient access to these vehicles without the need for ownership. Overall, the market`s growth is propelled by technological innovation, urban mobility needs, environmental consciousness, and supportive regulatory frameworks.
The growth in the motorcycles, scooters, and mopeds market is driven by several factors. Rising personal mobility needs of the growing global population, increasing number of young and middle class population, rising employment rates and improving disposable incomes are all poised to benefit the market growth in the near to mid-term. Further, the ongoing, fast paced urbanization in several developing countries in Asia-Pacific, Latin America and the Middle East and lack of efficient and effective public transportation systems in most parts of these regions, and traffic congestions and stringent emission norms in developed regions such as the US, Canada, and Europe would help significantly widen the unit sales of motorcycles, scooters and mopeds. Improvement in road infrastructure in several parts of the world is another factor encouraging the demand for powered two-wheelers, globally. Technological advancements, particularly in electric vehicle (EV) technology, have led to a surge in electric scooter and moped sales, driven by consumer demand for environmentally friendly alternatives. Changing consumer preferences, with a shift towards more economical and sustainable modes of transportation, also play a significant role. Additionally, government incentives and subsidies for electric vehicles, along with stricter emissions regulations, have accelerated the adoption of electric motorcycles, scooters, and mopeds. The rise of the sharing economy, with the proliferation of ride-sharing and rental services, has further expanded the market, providing convenient access to these vehicles without the need for ownership. Overall, the market`s growth is propelled by technological innovation, urban mobility needs, environmental consciousness, and supportive regulatory frameworks.
Regional Analysis:
Gain insights into the U.S. market, estimated at 439.6 Thousand Units in 2023, and China, forecasted to grow at an impressive 6.1% CAGR to reach 12.4 Million Units by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Motorcycles, Scooters and Mopeds Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Motorcycles, Scooters and Mopeds Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Motorcycles, Scooters and Mopeds Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Honda Motor Co., Ltd., Kawasaki Heavy Industries Ltd., Mahindra & Mahindra Ltd., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 127 Featured):
- Honda Motor Co., Ltd.
- Kawasaki Heavy Industries Ltd.
- Mahindra & Mahindra Ltd.
- Polaris Industries, Inc.
- Bajaj Auto Ltd.
- Eicher Motors Ltd.
- Piaggio Group (Piaggio & C. SpA)
- Hero MotoCorp Ltd.
- KTM AG
- Kwang Yang Motor Co., Ltd. (KYMCO)
- Loncin Universal Power Ltd.
- Razor USA LLC.
- Moto Guzzi
- Mutt Motorcycles Limited
- e-bility GmbH (Kumpan electric)
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
INDIA
INDONESIA
THAILAND
VIETNAM
REST OF ASIA-PACIFIC
LATIN AMERICA
ARGENTINA
BRAZIL
MEXICO
REST OF LATIN AMERICA
REST OF WORLD
Companies Mentioned
- Honda Motor Co., Ltd.
- Kawasaki Heavy Industries Ltd.
- Mahindra & Mahindra Ltd.
- Polaris Industries, Inc.
- Bajaj Auto Ltd.
- Eicher Motors Ltd.
- Piaggio Group (Piaggio & C. SpA)
- Hero MotoCorp Ltd.
- KTM AG
- Kwang Yang Motor Co., Ltd. (KYMCO)
- Loncin Universal Power Ltd.
- Razor USA LLC.
- Moto Guzzi
- Mutt Motorcycles Limited
- e-bility GmbH (Kumpan electric)
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 309 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value in 2023 | 51.3 Million Units |
| Forecasted Market Value by 2030 | 76.8 Million Units |
| Compound Annual Growth Rate | 5.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
