Motorcycles Market Size To Reach $332.71 Billion By 2033

Motorcycles Market Growth & Trends

The global motorcycles market size is anticipated to reach USD 332.71 billion by 2033, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 13.4% from 2026 to 2033. Rising disposable income and improvement in living standards has increased demand for motorcycles across the globe, thereby driving the market growth. In addition, the launch of high-performance motorcycles, the surge in sportbike users, and the developing trend of customization are the factors that drive the market. The travel restriction imposed by the governments on public transportation such as buses, trains, and metros has resulted in heavy demand for motorcycles amid the COVID-19 pandemic. 

The high cost of the motorcycles and uncomfortable seating structure are some of the factors hampering the growth of the market. Apart from that, the growing risk of road accidents for motorcycle riders acts as a major restraining factor for the market. Most of the major players operating in the market are implementing the strategy of mergers, acquisitions, and new product launches to gain maximum share in the market. 

The COVID-19 pandemic has negatively impacted market growth. India, China, and Japan have been hit the hardest. COVID-19 pandemic has a major effect on the market in terms of sales owing to a disturbance in the transport capabilities of the producers due to strict norms of lockdown and growing safety concerns. Manufacturing operations have been halted, and the supply chain has been disrupted, resulting in a drop in motorcycles exports during the pandemic. 

The on-road motorcycles segment contributed to the global market revenue share of around 55% in 2021. Touring motorcycles are more popular in developed countries such as the U.S., Canada, and South America. Moreover, the demand for cruiser variation is steadily growing, with users taking more interest in this segment, particularly in North America and Europe. Thus, several motorcycle manufacturers are progressing into these segments to take advantage of the rising demand for cruiser motorcycles. Thus, the on-road motorcycles demand is high and contributed more to the market revenue. 

The Asia Pacific accounted for the largest market share of more than 60% in 2021. According to MarkLines Co., Ltd., India, and China were the major countries that generated large revenue for the motorcycles market in 2021. Due to rapid urbanization as well as heavy Chinese and Indian customer acceptance, the Asia Pacific accounted for the maximum share of the global demand in 2020. With the large demand for motorcycles in the emerging countries of Asia such as India, Indonesia, and Vietnam, OEMs are constructing manufacturing facilities in these countries to avoid compensating import duties and to get an advantage in the motorcycle market. Thus, the aforementioned a factor contributes to more revenue generation in the market in the Asia Pacific. 

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Motorcycles Market Report Highlights

• The on-road motorcycles segment accounted for the largest market share of 55.3% in 2025. These motorcycles are widely used for daily commuting, long-distance travel, and recreational riding.

• The electric motorcycles segment is projected to grow at the fastest CAGR during the forecast period. Rising fuel prices, strict emission regulations, and government incentives are accelerating the transition toward electric two-wheelers.

• The Asia Pacific motorcycles market dominated the global market with a revenue share of 63.3% in 2025 and is expected to remain the fastest-growing region throughout the forecast period.

• The China motorcycles market is expected to grow over the forecast period. China is one of the largest motorcycle and electric scooter markets globally.

Motorcycles Market Segmentation

Grand View Research has segmented the global motorcycles market report based on type, propulsion type, and region:

Motorcycles Type Outlook (Volume, Units; Revenue, USD Million, 2021 - 2033)

• On-road Motorcycles

  • Sports Motorcycles

  • Cruiser Motorcycles

  • Adventure / Dual-Sport Motorcycles

  • Touring Motorcycles

  • Others

• Off-road Motorcycles

• Scooters

Motorcycles Propulsion Type Outlook (Revenue, USD Million, 2021 - 2033)

• ICE

• Electric

Motorcycles Regional Outlook (Volume, Units; Revenue, USD Million, 2021 - 2033)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

• Latin America

  • Brazil

• Middle East and Africa (MEA)

  • KSA

  • UAE

  • South Africa

List of Key Players in the Motorcycles Market

• Harley-Davidson Incorporation

• Yamaha Motor Co., Ltd.

• Yadea Technology Group Co. Ltd.

• Honda Motor Co., Ltd.

• Piaggio & C. SpA

• BMW

• Suzuki Motor Corporation

• Hero Moto Corp Ltd.

• Bajaj Auto

• TVS Motor Company