2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

What Are the Primary Drivers Supporting the Market Growth of theMotorcycle And Bicycle Market?

Rising health consciousness is expected to propel the growth of the motorcycle and bicycle market. Health-conscious individuals are increasingly aware of the importance of maintaining their physical well-being, including through exercise and active lifestyles. Motorcycles and bicycles, particularly the latter, are popular choices among health-conscious individuals due to their benefits for fitness and outdoor activities. For example, a survey by the International Food Information Council in May 2022 found that 52% of American adults followed specific diets, reflecting growing health awareness. As health consciousness increases, so does the demand for motorcycles and bicycles.

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#What is the Growth Potential of the Motorcycle And Bicycle Market, and How Will It Perform by 2034?

The motorcycle and bicycle market size has experienced strong growth in recent years. It will rise from $82.22 billion in 2024 to $87.53 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.5%. This growth is attributed to economic growth, urbanization, environmental concerns, and fuel prices.

The motorcycle and bicycle market is expected to grow steadily over the forecast period. It is projected to reach $106.85 billion by 2029 at a CAGR of 5.1%. Growth is attributed to urban mobility solutions, the health and fitness movement, e-commerce, and regulatory changes. Key trends will include electrification, lightweighting, advanced materials, and digital connectivity.

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What New Market Trends Are Reshaping theMotorcycle And Bicycle Market and Its Opportunities?

Bicycle manufacturers are increasingly investing in electric bicycles powered by rechargeable batteries. These eco-friendly, cost-effective electric bicycles are not only an alternative mode of transport but also suitable for recreational rides, errands, and shopping. In 2022, Ducati, a motorcycle manufacturer, introduced its first folding electric bicycle, MG20. Similarly, an Indian electric mobility company launched next-generation electric bicycles.

Who Are the Major Industry Players Accelerating Growth in theMotorcycle And Bicycle Market?

Major companies operating in the motorcycle and bicycle market include EXOR Group, Robert Bosch GmbH, Aisin Seiki Co Ltd, Toyota Motor Corp, Denso Corp., Schaeffler Technologies AG & Co KG, Continental AG, Gestamp Automoción, Tata Motor Group, Dana Incorporated, Magna International Inc., ZF Friedrichshafen AG, Hyundai Motor Company, GKN Ltd., BorgWarner Inc., Valeo SA, JTEKT Corporation, Mahle GmbH, Autoliv Inc., Hitachi Automotive Systems Ltd., Nexteer Automotive Group Limited, American Axle & Manufacturing Holdings Inc., Tenneco Inc., Lear Corporation, Faurecia SA, Benteler Automotive Corporation, Linamar Corporation, Rheinmetall Automotive AG, Mando Corporation, WABCO Holdings Inc., Allison Transmission Holdings Inc., Cummins Inc., Eaton Corporation plc.

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Which Primary Segments of the Motorcycle And Bicycle Market Are Driving Growth and Industry Transformations?

The motorcycle and bicycle market covered in this report is segmented –

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

Subsegments:

1) By Motorcycles And Parts: Cruiser Motorcycles, Sport Motorcycles, Touring Motorcycles, Standard Motorcycles, Dirt Bikes, Electric Motorcycles, Motorcycle Parts (Engines, Tires, Frames)

2) By Bicycles And Parts: Road Bicycles, Mountain Bicycles, Hybrid Bicycles, Electric Bicycles (E-bikes), Bicycle Parts (Wheels, Tires, Handlebars)

3) By Motor Scooters: Gas-powered Motor Scooters, Electric Motor Scooters, Off-road Scooters

4) By Other Motorcycle And Bicycle: Tricycles, Mopeds, Folding Bicycles, All-terrain Vehicles (ATVs)

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Which Regions Are Key Players in the Growth of the #What Are the Primary Drivers Supporting the Market Growth of theMotorcycle And Bicycle Market?# Market?

Asia-Pacific was the largest region in the motorcycle and bicycle market in 2023. Western Europe was the second-largest region in the motorcycle and bicycle market. The regions covered in the motorcycle and bicycle market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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