This Motorcycle and Bicycle market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.
The motorcycle and bicycle market size has grown strongly in recent years. It will grow from $82.22 billion in 2024 to $87.53 billion in 2025 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to economic growth, urbanization, environmental concerns, fuel prices.
The motorcycle and bicycle market size is expected to see strong growth in the next few years. It will grow to $106.85 billion in 2029 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to urban mobility solutions, health and fitness, e-commerce and delivery services, regulatory changes. Major trends in the forecast period include electrification and lightweighting, advanced materials, additive manufacturing, digitalization and connectivity, collaboration and partnerships.
The growing emphasis on health consciousness is anticipated to propel the motorcycle and bicycle market in the future. Health consciousness refers to an individual's awareness and proactive efforts to maintain and enhance their health and well-being, encompassing behaviors, attitudes, and beliefs related to physical fitness, nutrition, and lifestyle choices. This heightened focus on health is driven by factors such as the rising prevalence of lifestyle-related diseases, including obesity, diabetes, and heart disease, which have underscored the importance of healthy living. Motorcycles and bicycles are popular among health-conscious individuals, with bicycles particularly valued for their role in promoting fitness, while motorcycles are increasingly used for recreational purposes as part of an active outdoor lifestyle. For instance, in May 2022, a survey conducted by the International Food Information Council among 1,005 American adults aged 18-80, including Gen Z consumers aged 18-24, revealed that 52% of participants adhered to a specific diet or eating pattern, an increase from 39% in 2021. The top preferences included clean eating (16%), mindful eating (14%), and calorie counting (13%). Consequently, the rising health consciousness is fueling the growth of the motorcycle and bicycle market.
The rising traffic congestion in cities is anticipated to drive the growth of the motorcycle and bicycle market in the coming years. Traffic congestion refers to a transportation scenario marked by slower speeds, extended travel times, and increased vehicular queuing. Bicycles and motorcycles occupy less road space than cars, helping to alleviate congestion. Replacing short car trips with bicycle and motorcycle travel can significantly reduce traffic jams, particularly on busy routes. Additionally, motorcycles and bicycles contribute to lowering pollution levels. For instance, in 2023, the UK’s Department for Transport reported that motor vehicle traffic on Great Britain’s roads increased by 2.2% from 2022 to 2023, reaching a total of 330.8 billion vehicle miles. Thus, the growing traffic congestion in cities is fueling the motorcycle and bicycle market.
In response to changing consumer demands, bicycle manufacturers are increasingly investing in the production of electric bicycles powered by rechargeable batteries. These electric bicycles offer an eco-friendly and cost-effective mode of transportation and are suitable for both everyday errands and recreational rides. Major players are also introducing new electric bicycles equipped with GPS and internet connectivity. For example, in 2022, Ducati, renowned for its motorcycles, launched the MG20, its first folding electric bicycle. Similarly, an Indian-based electric mobility company introduced the Heileo H100, the lightest electric hybrid bike, in 2021.
Leading companies operating in the motorcycle and bicycle market are strategically collaborating to better serve their existing consumer base. Strategic partnerships involve commercial arrangements between two or more firms aiming to enhance their businesses. For instance, in November 2022, MV AGUSTA Motor S.p.A., an Italian motorcycle manufacturer, entered into a strategic cooperation with PIERER Mobility AG. Under this collaboration, KTM AG, a subsidiary of PIERER Mobility AG, will provide MV Agusta with supply chain support and take over procurement activities. MV Agusta, in turn, will market certain product lines through PIERER Mobility's global distribution network. PIERER Mobility AG is an Austrian-based motorcycle manufacturing company.
Major companies operating in the motorcycle and bicycle market include EXOR Group, Robert Bosch GmbH, Aisin Seiki Co Ltd., Toyota Motor Corp, Denso Corp., Schaeffler Technologies AG & Co KG, Continental AG, Gestamp Automoción, Tata Motor Group, Dana Incorporated, Magna International Inc., ZF Friedrichshafen AG, Hyundai Motor Company, GKN Ltd., BorgWarner Inc., Valeo SA, JTEKT Corporation, Mahle GmbH, Autoliv Inc., Hitachi Automotive Systems Ltd., Nexteer Automotive Group Limited, American Axle & Manufacturing Holdings Inc., Tenneco Inc., Lear Corporation, Faurecia SA, Benteler Automotive Corporation, Linamar Corporation, Rheinmetall Automotive AG, Mando Corporation, WABCO Holdings Inc., Allison Transmission Holdings Inc., Cummins Inc., Eaton Corporation plc.
Motorcycles are motorized vehicles with two wheels that can transport one or two persons, while bicycles are non-motorized vehicles with two tandem wheels, handlebars for steering, a saddle seat, and pedals for propulsion.
The main categories in the motorcycle and bicycle market are motorcycles and their respective parts, bicycles and their parts, motor scooters, other types of motorcycles, and bicycles. Motor scooters are characterized by a step-through frame and a platform for the rider's feet, emphasizing comfort and fuel economy. These products are distributed through independent retailers and online sales and are used in both the OEM (Original Equipment Manufacturer) and aftermarket sectors.
The motorcycle and bicycle market research report is one of a series of new reports that provide motorcycle and bicycle market statistics such as global market size, regional shares, competitors with a motorcycle and bicycle market share, detailed motorcycle and bicycle market segments, market trends and opportunities, and any other data you may require to thrive in the motorcycle and bicycle market. This motorcycle and bicycle market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Asia-Pacific was the largest region in the motorcycle and bicycle market in 2024. Western Europe was the second-largest region in the motorcycle and bicycle market. The regions covered in the motorcycle and bicycle market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the motorcycle and bicycle market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
The motor cycle and bicycle market consist of sales of scooters, tricycles and sports bikes. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The motorcycle and bicycle market size has grown strongly in recent years. It will grow from $82.22 billion in 2024 to $87.53 billion in 2025 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to economic growth, urbanization, environmental concerns, fuel prices.
The motorcycle and bicycle market size is expected to see strong growth in the next few years. It will grow to $106.85 billion in 2029 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to urban mobility solutions, health and fitness, e-commerce and delivery services, regulatory changes. Major trends in the forecast period include electrification and lightweighting, advanced materials, additive manufacturing, digitalization and connectivity, collaboration and partnerships.
The growing emphasis on health consciousness is anticipated to propel the motorcycle and bicycle market in the future. Health consciousness refers to an individual's awareness and proactive efforts to maintain and enhance their health and well-being, encompassing behaviors, attitudes, and beliefs related to physical fitness, nutrition, and lifestyle choices. This heightened focus on health is driven by factors such as the rising prevalence of lifestyle-related diseases, including obesity, diabetes, and heart disease, which have underscored the importance of healthy living. Motorcycles and bicycles are popular among health-conscious individuals, with bicycles particularly valued for their role in promoting fitness, while motorcycles are increasingly used for recreational purposes as part of an active outdoor lifestyle. For instance, in May 2022, a survey conducted by the International Food Information Council among 1,005 American adults aged 18-80, including Gen Z consumers aged 18-24, revealed that 52% of participants adhered to a specific diet or eating pattern, an increase from 39% in 2021. The top preferences included clean eating (16%), mindful eating (14%), and calorie counting (13%). Consequently, the rising health consciousness is fueling the growth of the motorcycle and bicycle market.
The rising traffic congestion in cities is anticipated to drive the growth of the motorcycle and bicycle market in the coming years. Traffic congestion refers to a transportation scenario marked by slower speeds, extended travel times, and increased vehicular queuing. Bicycles and motorcycles occupy less road space than cars, helping to alleviate congestion. Replacing short car trips with bicycle and motorcycle travel can significantly reduce traffic jams, particularly on busy routes. Additionally, motorcycles and bicycles contribute to lowering pollution levels. For instance, in 2023, the UK’s Department for Transport reported that motor vehicle traffic on Great Britain’s roads increased by 2.2% from 2022 to 2023, reaching a total of 330.8 billion vehicle miles. Thus, the growing traffic congestion in cities is fueling the motorcycle and bicycle market.
In response to changing consumer demands, bicycle manufacturers are increasingly investing in the production of electric bicycles powered by rechargeable batteries. These electric bicycles offer an eco-friendly and cost-effective mode of transportation and are suitable for both everyday errands and recreational rides. Major players are also introducing new electric bicycles equipped with GPS and internet connectivity. For example, in 2022, Ducati, renowned for its motorcycles, launched the MG20, its first folding electric bicycle. Similarly, an Indian-based electric mobility company introduced the Heileo H100, the lightest electric hybrid bike, in 2021.
Leading companies operating in the motorcycle and bicycle market are strategically collaborating to better serve their existing consumer base. Strategic partnerships involve commercial arrangements between two or more firms aiming to enhance their businesses. For instance, in November 2022, MV AGUSTA Motor S.p.A., an Italian motorcycle manufacturer, entered into a strategic cooperation with PIERER Mobility AG. Under this collaboration, KTM AG, a subsidiary of PIERER Mobility AG, will provide MV Agusta with supply chain support and take over procurement activities. MV Agusta, in turn, will market certain product lines through PIERER Mobility's global distribution network. PIERER Mobility AG is an Austrian-based motorcycle manufacturing company.
Major companies operating in the motorcycle and bicycle market include EXOR Group, Robert Bosch GmbH, Aisin Seiki Co Ltd., Toyota Motor Corp, Denso Corp., Schaeffler Technologies AG & Co KG, Continental AG, Gestamp Automoción, Tata Motor Group, Dana Incorporated, Magna International Inc., ZF Friedrichshafen AG, Hyundai Motor Company, GKN Ltd., BorgWarner Inc., Valeo SA, JTEKT Corporation, Mahle GmbH, Autoliv Inc., Hitachi Automotive Systems Ltd., Nexteer Automotive Group Limited, American Axle & Manufacturing Holdings Inc., Tenneco Inc., Lear Corporation, Faurecia SA, Benteler Automotive Corporation, Linamar Corporation, Rheinmetall Automotive AG, Mando Corporation, WABCO Holdings Inc., Allison Transmission Holdings Inc., Cummins Inc., Eaton Corporation plc.
Motorcycles are motorized vehicles with two wheels that can transport one or two persons, while bicycles are non-motorized vehicles with two tandem wheels, handlebars for steering, a saddle seat, and pedals for propulsion.
The main categories in the motorcycle and bicycle market are motorcycles and their respective parts, bicycles and their parts, motor scooters, other types of motorcycles, and bicycles. Motor scooters are characterized by a step-through frame and a platform for the rider's feet, emphasizing comfort and fuel economy. These products are distributed through independent retailers and online sales and are used in both the OEM (Original Equipment Manufacturer) and aftermarket sectors.
The motorcycle and bicycle market research report is one of a series of new reports that provide motorcycle and bicycle market statistics such as global market size, regional shares, competitors with a motorcycle and bicycle market share, detailed motorcycle and bicycle market segments, market trends and opportunities, and any other data you may require to thrive in the motorcycle and bicycle market. This motorcycle and bicycle market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Asia-Pacific was the largest region in the motorcycle and bicycle market in 2024. Western Europe was the second-largest region in the motorcycle and bicycle market. The regions covered in the motorcycle and bicycle market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the motorcycle and bicycle market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
The motor cycle and bicycle market consist of sales of scooters, tricycles and sports bikes. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Executive Summary
Motorcycle and Bicycle Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on motorcycle and bicycle market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for motorcycle and bicycle ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The motorcycle and bicycle market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include: the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Motorcycles and Parts; Bicycles and Parts; Motor Scooters; Other Motorcycle and Bicycle2) By Propulsion Type: Internal Combustion Engine (ICE); Electric
3) By Distribution Channel: Independent Retailers; Online Sales
Subsegments:
1) By Motorcycles and Parts: Cruiser Motorcycles; Sport Motorcycles; Touring Motorcycles; Standard Motorcycles; Dirt Bikes; Electric Motorcycles; Motorcycle Parts (Engines, Tires, Frames)2) By Bicycles and Parts: Road Bicycles; Mountain Bicycles; Hybrid Bicycles; Electric Bicycles (E-bikes); Bicycle Parts (Wheels, Tires, Handlebars)
3) By Motor Scooters: Gas-powered Motor Scooters; Electric Motor Scooters; Off-road Scooters
4) By Other Motorcycle and Bicycle: Tricycles; Mopeds; Folding Bicycles; All-terrain Vehicles (ATVs)
Key Companies Mentioned: EXOR Group; Robert Bosch GmbH; Aisin Seiki Co Ltd; Toyota Motor Corp; Denso Corp.
Countries: Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
The major companies featured in this Motorcycle and Bicycle market report include:- EXOR Group
- Robert Bosch GmbH
- Aisin Seiki Co Ltd
- Toyota Motor Corp
- Denso Corp.
- Schaeffler Technologies AG & Co KG
- Continental AG
- Gestamp Automoción
- Tata Motor Group
- Dana Incorporated
- Magna International Inc.
- ZF Friedrichshafen AG
- Hyundai Motor Company
- GKN Ltd.
- BorgWarner Inc.
- Valeo SA
- JTEKT Corporation
- Mahle GmbH
- Autoliv Inc.
- Hitachi Automotive Systems Ltd.
- Nexteer Automotive Group Limited
- American Axle & Manufacturing Holdings Inc.
- Tenneco Inc.
- Lear Corporation
- Faurecia SA
- Benteler Automotive Corporation
- Linamar Corporation
- Rheinmetall Automotive AG
- Mando Corporation
- WABCO Holdings Inc.
- Allison Transmission Holdings Inc.
- Cummins Inc.
- Eaton Corporation plc
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 300 |
| Published | April 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 87.53 Billion |
| Forecasted Market Value ( USD | $ 106.85 Billion |
| Compound Annual Growth Rate | 5.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 34 |
