Motorcycle Market Size & Share

The global motorcycle market size reached US$ 77.2 billion in 2023. Looking forward, Reports and Insights expects the market to reach US$ 136.1 billion by 2032, exhibiting a growth rate (CAGR) of 6.5% during 2024-2032.

Motorcycles are two-wheeled motor vehicles designed for personal transportation. Compact size and maneuverability of motorcycles make these ideal for navigating through congested traffic and narrow roads, and are becoming popular choices for urban commuting. Motorcycles are used globally for a variety of purposes, including daily commuting, leisure riding, and long-distance travel. Versatility, fuel efficiency, and lower maintenance cost features offered contribute to importance of motorcycles in providing cost-effective transportation solutions. Primary factors driving preference for motorcycles include availability of motorcycles at affordable costs, ease of parking, reduced fuel consumption, and the thrill of riding, making these appealing options for millions across the globe seeking convenient and enjoyable transportation.