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Motorcycle Market Trends

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Report ID: 651
Published Date: Sep 05, 2024
Report Format: PDF, PPT

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Motorcycle Market Trends

Growth Drivers

Growing Need for Cost-Effective Private Mode of Transportation
Increasing Adoption of Electric Motorcycles

Challenges

Rise in Concerns for Safety Related Issues with Motorcycles

Motorcycle Market: Key Insights

Base Year	2023
Forecast Year	2024-2036
CAGR	6.5%
Base Year Market Size (2023)	USD 80.14 billion
Forecast Year Market Size (2036)	USD 181.72 billion
Regional Scope	North America (U.S., and Canada) Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific) Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Latin America (Mexico, Argentina, Brazil, Rest of Latin America) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Motorcycle Market Size & Share | Growth Forecast 2036

Author Credits: Saima Khursheed

Report ID: 651
Published Date: Sep 05, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of motorcycle is estimated at USD 84.31 billion.

Motorcycle Market size was over USD 80.14 billion in 2023 and is anticipated to reach USD 181.72 billion by 2036, growing at around 6.5% CAGR during the forecast period i.e., between 2024-2036. The growing adoption of electric two wheelers worldwide will impel the market growth.

Asia Pacific is estimated to account for largest revenue share by 2036, attributed to increasing production of both electric and non-electric two-wheelers in the region

The major players in the market are Bayerische Motoren Werke (BMW) AG, Ducati Motor Holding S.p.A., Honda Motor Co., Ltd., Yamaha Motor Co., Ltd., and others.

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