The global motorcycle industry is a rapidly growing sector, with the market estimated to be worth around 94 billion U.S. dollars in 2021 and projected to reach 28.4 billion U.S. dollars by 2023 in the United States alone. Honda currently holds the largest share of this market, having sold over 19 million motorcycles worldwide as of 2020; however, India produces 46% of all motorcycles globally and Asia-Pacific accounts for 85% of total sales across the world - making it an incredibly important region for manufacturers looking to expand their presence internationally.
Electric vehicles are also becoming increasingly popular within this space: electric motorcycle sales are expected to hit 55 million units worldwide by 2027 while Harley-Davidson delivered 180 thousand bikes in 2021 alone. Additionally, Yamaha sold 5 million motorcycles globally during 2022 and 96 percent of Indian motorbikes have engines with displacement lower than 250ccs – showing that there’s still plenty more room for growth within these markets too.
Safety is another key factor when considering purchasing a bike: helmet usage has increased from 64 percent back in 2009 up to 71 percent today according to NHTSA data whilst registered US households owning at least one motorcycle grew 355 thousand between 2018–2019 reaching 13 158 100 overall – indicating that people feel safer on two wheels now more than ever before.
Overall then it’s clear that despite some challenges faced due mainly COVID related issues such as supply chain disruptions or reduced consumer spending power - The Motorcycle Industry remains strong both domestically here in America but also abroad where 300 000 employees work directly within Europe's own respective sectors generating revenue which could exceed 60 Million Units Worldwide come 2026 if current trends continue unabatedly so.
This statistic is a testament to the immense size and scope of the global motorcycle market. It highlights the fact that the motorcycle industry is a major player in the global economy, with a market value of nearly one hundred billion U.S. dollars. This statistic is an important indicator of the industry’s success and growth potential, and is essential for understanding the current state of the motorcycle industry.
As of 2020, Honda is the leading motorcycle manufacturer globally, with over 19.3 million motorcycles sold in that year.
This statistic is a testament to Honda’s success in the motorcycle industry, demonstrating their dominance in the market. It highlights the impressive reach of Honda’s products, with 19.3 million motorcycles sold in 2020 alone. This statistic is a powerful indicator of the strength of Honda’s brand and the popularity of their motorcycles.
Motorcycle Industry Statistics Overview
Around 46% of motorcycles produced worldwide in 2020 came from India.
This statistic is a testament to India's dominance in the global motorcycle industry. It highlights the country's impressive production capabilities and its ability to meet the demands of the international market. This statistic is also indicative of the country's commitment to the motorcycle industry, as it has been able to maintain its position as a major player in the industry despite the challenges posed by the pandemic.
The Asia-Pacific region accounts for about 85% of the total global motorcycle sales.
This statistic is a testament to the immense popularity of motorcycles in the Asia-Pacific region. It highlights the fact that the region is a major player in the global motorcycle industry, and that it is a key market for manufacturers and retailers. This statistic is an important reminder that the motorcycle industry is a global one, and that the Asia-Pacific region is a major contributor to its success.
Sales of electric motorcycles are expected to reach 55 million units worldwide by 2027.
This statistic is a clear indication of the growing popularity of electric motorcycles, and the potential for the industry to expand in the coming years. It shows that the motorcycle industry is on the cusp of a major shift, and that electric motorcycles are becoming increasingly attractive to consumers. This could mean a huge opportunity for the industry to capitalize on this trend and capitalize on the growing demand for electric motorcycles.
As of 2019, Honda holds the largest market share (21.0%) in the U.S. motorcycle industry.
This statistic is a testament to Honda's success in the U.S. motorcycle industry. It shows that Honda has been able to capture the largest portion of the market, indicating that it is a leader in the industry. This statistic is important to consider when discussing the overall state of the motorcycle industry, as it provides insight into the current market dynamics.
In 2021, BMW Motorrad sold over 169,272 motorcycles worldwide.
This statistic is a testament to the success of BMW Motorrad in the motorcycle industry. It shows that the company has been able to maintain a strong presence in the market despite the challenges posed by the pandemic. This is a clear indication that BMW Motorrad is a reliable and trusted brand in the motorcycle industry, and that its products are highly sought after by consumers.
Approximately 12.4% of U.S. households owned a motorcycle in 2018.
This statistic is a telling indication of the popularity of motorcycles in the United States. It shows that a significant portion of households have chosen to invest in a motorcycle, demonstrating the potential for growth in the industry. This statistic is an important piece of information for anyone interested in the motorcycle industry, as it provides insight into the current state of the market.
In 2022, Yamaha sold 5.1 million motorcycles globally.
This statistic is a testament to Yamaha's success in the motorcycle industry. It shows that the company has been able to maintain a strong presence in the global market, despite the ever-changing landscape of the industry. It also serves as a reminder of the importance of staying up-to-date with the latest trends and technologies in order to remain competitive. Yamaha's success is a great example of how a company can stay ahead of the curve and remain successful in the long run.
In 2023, the motorcycle industry revenue is projected to reach $28.4 billion in the United States.
This statistic is a testament to the strength of the motorcycle industry in the United States. It shows that the industry is growing and is expected to continue to do so in the coming years. This is an important piece of information for anyone interested in the motorcycle industry, as it provides insight into the potential for success in the industry.
China ranks as the largest producer of motorcycles, with approximately 15 million units produced in 2020.
This statistic is a testament to the sheer size and scope of the motorcycle industry in China. It highlights the country's dominance in the production of motorcycles, with an impressive 15 million units produced in 2020. This statistic is a clear indication of the importance of the motorcycle industry in China, and its potential to continue to grow and expand in the future.
In 2021, Harley-Davidson delivered approximately 180,200 motorcycles worldwide.
This statistic is a testament to the enduring popularity of Harley-Davidson motorcycles. Despite the challenges of the pandemic, the company was still able to deliver a significant number of motorcycles to customers around the world. This statistic is a reminder of the strength of the motorcycle industry and the loyalty of Harley-Davidson's customers.
The number of registered motorcycles in the U.S. grew by 355,000 from 2018 to 2019, reaching a total of 13,158,100.
This statistic is a clear indication that the motorcycle industry is thriving. It shows that the number of registered motorcycles in the U.S. has grown significantly in just one year, indicating that more and more people are taking up the hobby of motorcycling. This is an important statistic to consider when discussing the motorcycle industry, as it provides insight into the current state of the industry and its potential for growth.
Motorcycle helmet usage is now at 71% in the United States, up from 64% in 2009.
This statistic is a testament to the progress made in the motorcycle industry in terms of safety. The increase in helmet usage from 2009 to now shows that riders are becoming more aware of the importance of wearing a helmet while riding. This is a positive sign for the industry, as it indicates that riders are taking the necessary steps to protect themselves and others on the road.
The global market for motorcycles, scooters, and mopeds is expected to surpass 60 million units by 2026.
This statistic is a testament to the immense potential of the motorcycle industry. It shows that the market for motorcycles, scooters, and mopeds is expected to grow significantly in the coming years, indicating that the industry is ripe for investment and expansion. This is an important piece of information for anyone interested in the motorcycle industry, as it provides a glimpse into the future of the industry and the opportunities that may be available.
As of January 2022, 96.7% of motorcycles in India were powered by engines with a displacement of 250cc or lower.
This statistic is a telling indication of the Indian motorcycle industry's reliance on smaller-displacement engines. It highlights the fact that the majority of motorcycles in India are powered by engines with a displacement of 250cc or lower, which suggests that the industry is heavily focused on producing smaller, more affordable bikes. This is an important insight for anyone looking to gain a better understanding of the Indian motorcycle market.
Conclusion
The global motorcycle industry is a rapidly growing market, with the total value estimated to reach 94 billion U.S. dollars in 2021 and projected to exceed 60 million units by 2026. Honda remains the leading manufacturer globally, while India accounts for 46% of motorcycles produced worldwide in 2020 and 85% of total sales come from Asia-Pacific region. Electric motorcycles are expected to become increasingly popular over time, with sales reaching 55 million units worldwide by 2027.
In addition, Harley-Davidson delivered approximately 180,200 motorcycles globally in 2021 and Yamaha sold 5.1 million bikes that same year; both companies hold significant shares within their respective markets as well as employ thousands of people across Europe alone. Motorcycle helmet usage has also increased significantly since 2009 when it was at 64%, now standing at 71%. The anti-lock braking systems (ABS) market is predicted to be worth around $492 million by 2027 too - indicating further growth potential for this sector overall moving forward into the future years ahead
References
0. - https://www.statista.com
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2. - https://www.global.yamaha-motor.com
3. - https://www.investor.harley-davidson.com
4. - https://www.nhtsa.gov
5. - https://www.globenewswire.com
6. - https://www.marketsandmarkets.com
7. - https://www.grandviewresearch.com
8. - https://www.ibisworld.com
9. - https://www.autocarpro.in
10. - https://www.news.michelin.co.uk
