The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per The Business Research Company’s Motorcycle And Bicycle Global Market Report 2023, the motorcycle and bicycle market is expected to show significant growth in the forecast period.

The motorcycle and bicycle market have experienced robust growth, surging from $76.87 billion in 2023 to an estimated $81.33 billion in 2024, showcasing a Compound Annual Growth Rate (CAGR) of 5.8%. Looking ahead, the market is poised to reach $100.15 billion in 2028, driven by factors such as urban mobility solutions, health and fitness trends, e-commerce, delivery services, and regulatory changes.

Historical Growth Drivers

• Economic growth
• Urbanization
• Environmental concerns
• Fuel prices

Escaping Urban Gridlock: A Driving Force

Traffic Congestion as Catalyst

• Increasing traffic congestion in cities fuels the demand for motorcycles and bicycles.
• Traffic congestion characterized by reduced speeds and longer journey durations.

Space Efficiency

• Motorcycles and bicycles take up less road space, reducing congestion.
• Substituting short car journeys with bikes reduces traffic jams, especially on busy routes.

Pollution Reduction

• Motorcycles and bicycles contribute to reduced pollution in urban areas.
• Potential for fewer emissions compared to traditional vehicles.

Market Dynamics and Key Players

Market Leaders

• Key Companies:
  • EXOR Group
  • Robert Bosch GmbH
  • Toyota Motor Corp
  • Continental AG
  • And many more…

Traffic Congestion Data

• In December 2021, a typical American spent 36 hours in traffic congestion, a 10-hour increase from 2020 (source: INRIX, Inc.).

E-Bikes On The Rise: Eco-Friendly Innovations

Shift Toward Electric Bicycles

• Bicycle manufacturers investing in electric bicycles with rechargeable batteries.
• Eco-friendly, low-cost transportation for both commuting and recreational use.

View More On The Motorcycle And Bicycle Market Report 2023 – https://www.thebusinessresearchcompany.com/report/motorcycle-and-bicycle-global-market-report

Technological Advancements

• Electric bicycles equipped with GPS and internet connectivity.
• Ducati’s folding electric bicycle, MG20, and Heileo H100, the lightest electric hybrid bike from an Indian-based company.

Market Segmentation

Key Segments

1. By Type:
   • Motorcycles And Parts
   • Bicycles And Parts
   • Motor Scooters
   • Other Motorcycle And Bicycle
2. By Propulsion Type:
   • Internal Combustion Engine (ICE)
   • Electric
3. By Distribution Channel:
   • Independent Retailers
   • Online Sales

Asia-Pacific Dominance

• Asia-Pacific emerged as the largest region in the motorcycle and bicycle market in 2023.
• Indicates the region’s pivotal role in shaping global market trends.

Request A Sample Of The Global Motorcycle And Bicycle Market Report 2023:
https://www.thebusinessresearchcompany.com/sample_request?id=2129&type=smp

The Motorcycle And Bicycle Global Market Report 2023  provides an in-depth analysis on the motorcycle and bicycle market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the motorcycle and bicycle market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
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