The global motorcycle market is experiencing sustained growth and is projected to reach $296.26 billion by 2032, almost doubling its value compared to 2024.
The estimated compound annual growth rate (CAGR) between 2025 and 2032 is 8.6%, reflecting a growing interest in two-wheelers as an efficient and versatile mobility solution.
Factors that drive growth
- Demand in Asia-Pacific: The region leads the global market thanks to countries like India, China, and Indonesia, where motorcycles remain key for daily mobility. Urban growth and the expansion of disposable income promote both the replacement of motorcycles and the purchase of more powerful or sophisticated models.
- Electrification and Sustainability: Electric motorcycles are increasingly gaining popularity, driven by stricter environmental regulations, government incentives, and growing consumer awareness about reducing emissions.
- Urban Mobility and Efficient Transportation: Rising traffic congestion and the costs of traditional transportation make motorcycles a fast, economical, and agile alternative for daily commutes in large cities.
- Leisure and Tourism: Models designed for adventure, touring, and mid-to-high displacement continue to grow in popularity, reflecting the increasingly recreational and versatile use of motorcycles.
- Technological Innovation: Manufacturers are investing in new models that are more efficient, safe, and sustainable, combining performance and design to meet the varied needs of users.
All these factors consolidate motorcycles as a growing sector, capable of adapting to urban, technological, and environmental changes, while maintaining their appeal for both daily mobility and leisure.
Source: Data Bridge Market Research — Global Motorcycle Market.
