Motorcycle Market to Reach 120 USD Billion by 2035 | Triumph, Honda, KTM to Lead the Motorcycle Market
May 18, 2025
iCrowdMarketing powered by iCrowdNewswire
The global motorcycle market is undergoing a transformative phase, characterized by technological advancements, shifting consumer preferences, and evolving regulatory landscapes.
As per the latest market analysis by Market Research Future, the Motorcycles Market Size was estimated at 86.45 (USD Billion) in 2023 and is expected to grow from 88.85 (USD Billion) in 2024 to 120 (USD Billion) by 2035. The Motorcycles Market CAGR (growth rate) is expected to be around 2.77% during the forecast period (2025 - 2035).
You can request a free sample report@ https://www.marketresearchfuture.com/sample_request/10217
Market Trends
Electrification Surge: Electric motorcycles are gaining momentum, driven by environmental concerns and government incentives. The global electric motorcycle market is expected to reach $12 billion by 2030, growing at a CAGR of 18%.
Connected Technologies: Integration of AI, IoT, and V2V communication is enhancing safety and rider experience. Features like adaptive cruise control and real-time diagnostics are becoming standard.
Alternative Fuels: Introduction of CNG-powered motorcycles, such as Bajaj Auto's Freedom 125, offers cost-effective and eco-friendly alternatives to traditional fuels.
Adventure and Off-Road Popularity: There's a growing demand for adventure and off-road motorcycles, catering to consumers seeking versatility and exploration.
Customization and Retro Revival: Consumers are increasingly seeking personalized motorcycles, leading to a resurgence of retro-styled models with modern performance enhancements.
Market Drivers
Several factors are propelling the motorcycle market forward. Urbanization and increasing traffic congestion have made motorcycles a preferred mode of transport for efficient commuting. Rising disposable incomes, especially in emerging economies, are enabling consumers to invest in personal mobility solutions.
Technological advancements, including the development of electric powertrains and smart features, are attracting a new segment of tech-savvy riders. Additionally, government incentives and subsidies for electric vehicles are accelerating the shift towards sustainable transportation options.
Motorcycles Market Key Players and Competitive Insights
The Motorcycles Market displays a dynamic and competitive landscape where key players continuously strive for market share, innovation, and brand loyalty. As the industry evolves with technological advancements, shifting consumer preferences, and regulatory challenges, companies within this space must adapt to stay ahead.
Key Companies in the Motorcycles Market Include:
- KTM
- Honda
- TVS Motor
- Suzuki
- Piaggio
- Triumph
- Harley Davidson
- BMW
- Bajaj Auto
- Kawasaki
- Honda Motorcycle and Scooter India
- Royal Enfield
- Lifan
- Yamaha
- Ducati
Buy Complete Report; https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=10217
Regional Analysis
The Asia-Pacific region dominates the global motorcycle market, accounting for over 60% of the market share in 2024. Countries like India, China, and Indonesia are leading in sales and production, driven by the demand for affordable and fuel-efficient transportation. In India, for instance, Eicher Motors reported a net profit of ?13.62 billion for the quarter ending March 31, 2025, surpassing analysts’ estimates, due to robust demand for its higher-capacity Royal Enfield models and strong export performance.
In contrast, the European and North American markets are witnessing a shift towards premium and electric motorcycles, influenced by stringent environmental regulations and a growing preference for recreational riding. Harley-Davidson, for example, is launching a new global motorcycle racing series in collaboration with MotoGP in 2026, aiming to broaden its global reach and appeal to new fans, particularly in Europe.
For full PDF report, check out; https://www.marketresearchfuture.com/reports/motorcycles-market-10217
Future Scope
The motorcycle industry is poised for continued growth, with several trends shaping its future. Electrification will remain a central theme, with advancements in battery technology and charging infrastructure making electric motorcycles more accessible. The integration of smart technologies will further enhance safety and connectivity, attracting a broader consumer base. Additionally, the rise of modular designs and customizable features will cater to individual preferences, fostering brand loyalty. As urban centers continue to grapple with congestion, motorcycles will play a crucial role in last-mile connectivity and personal mobility solutions.
Recent Developments
The industry has witnessed several noteworthy developments. Royal Enfield has announced its entry into the electric motorcycle market with the upcoming launch of its first electric models, the Flying Flea C6 and S6, scheduled for release in the fourth quarter of the financial year 2026. Meanwhile, Hero MotoCorp reported lower-than-expected profits for the fourth quarter ending in March 2025, due to declining vehicle sales and rising costs, marking the first decline in six quarters. These developments underscore the dynamic nature of the motorcycle market, as companies adapt to changing consumer demands and technological advancements.
In summary, the motorcycle market is undergoing a significant transformation, driven by technological innovations, changing consumer preferences, and regulatory shifts. As the industry continues to evolve, stakeholders must remain agile and responsive to capitalize on emerging opportunities and navigate potential challenges.
Explore More Automotive Reports;
Automotive Air Conditioning Market
Automotive Wiring Harness Market
Electric Vehicle Battery Market
Motorcycle Parts and Accessories Market
US Connected Motorcycle Market
Germany Electric Motorcycle Market
US Automotive Diagnostic Tool Market
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
URL : https://www.marketresearchfuture.com/reports/motorcycles-market-10217
Contact Information:
Contact US
Market Research Future
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Website: https://www.marketresearchfuture.com
Sales: +1 (855) 661-4441 +44 1720 412 167
Tags: English