Global Motorcycle And Bicycle Market Size, Forecasts, And Opportunities
Learn about the global motorcycle and bicycle market through The Business Research Company, which provides information on motorcycle and bicycle market size, motorcycle and bicycle market drivers and restraints, motorcycle and bicycle market players, the COVID-19 impact on the motorcycle and bicycle market, and more.
The global motorcycle and bicycle market size is expected to grow from $67.03 billion in 2021 to $72.99 billion in 2022 at a compound annual growth rate (CAGR) of 8.9%. The global motorcycle and bicycle market size is expected to grow to $98.95 billion in 2026 at a CAGR of 7.9%.
Advances in technology are expected to be a continued driver of market growth in the forecast period.
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The motorcycle, bicycles, and parts market consist of sales of motorcycle, bicycles, and parts and related services by entities (organizations, sole traders, and partnerships) that produce motorcycles, scooters, tricycles, and similar equipment and parts.
Global Motorcycle And Bicycle Market Segments Include:
By Type: Motorcycles and Parts, Bicycles and Parts, Motor Scooters, Others
By Propulsion Type: Internal Combustion Engine (ICE), Electric
By Distribution Channel: Independent Retailers, Online Sales
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the motorcycle and bicycle market in 2021.
Bicycle manufacturers are increasingly investing in the manufacture of electric bicycles that operate using rechargeable batteries. These electric bicycles serve as an eco-friendly, low-cost mode of transportation and can also be used for recreational bicycle trips, shopping, and errands. Major players are also investing in new electric bicycles equipped with internet and GPS features.
TBRC’s motorcycle and bicycle market report covers:
Major Market Players: Honda Motor Co Ltd, Hero MotoCorp Ltd, Harley-Davidson Inc., TVS Motor Company Limited, Suzuki Motor Corp, Bajaj Auto Ltd, Bayerische Motoren Werke AG, Kawasaki Heavy Industries, Accell Group N.V, and Toyota Tsusho.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Motorcycle And Bicycle Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides motorcycle and bicycle market overviews, analyzes and forecasts market size, share, motorcycle and bicycle market players, motorcycle and bicycle market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s motorcycle and bicycle market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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