The motorcycle industry is a rapidly growing market, with sales increasing across the globe. This blog post will explore some of the most recent statistics on motorcycle sales from around the world. We’ll look at figures for countries such as the United States, China, India and Europe; brands like Honda and Harley-Davidson; and markets including electric motorcycles and off-road vehicles. By examining these numbers we can gain insight into how this sector has been performing in recent years.
This statistic is a telling indication of the popularity of motorcycles in the United States. It shows that despite the fact that motorcycles are a relatively small segment of the overall automotive market, they still have a significant presence in the US. This statistic is an important piece of information for anyone looking to gain insight into the motorcycle market in the US.
The global motorcycle market size was estimated at USD 131.2 billion in 2020.
This statistic is a testament to the immense popularity of motorcycles worldwide. It shows that the motorcycle market is a thriving industry, with a large and growing customer base. This is an important piece of information for anyone interested in the motorcycle industry, as it provides insight into the size and scope of the market. It also serves as a benchmark for future growth and development in the industry.
Motorcycle Sales Statistics Overview
In 2019, Honda had a market share of 35% in the US motorcycle sales.
This statistic is a testament to Honda’s success in the US motorcycle market, indicating that they have been able to capture a significant portion of the market share. It is an important indicator of the company’s performance and provides insight into the overall state of the motorcycle industry.
Over 13 million motorcycles were sold in China in 2020.
The sheer magnitude of the number of motorcycles sold in China in 2020 is a testament to the immense popularity of motorcycles in the country. It is a clear indication that the motorcycle industry is thriving in China, and that it is a major player in the global motorcycle market. This statistic is a powerful reminder of the importance of the motorcycle industry in China and its potential for growth.
European Union motorcycle sales reached 1,078,870 units in 2019.
The European Union motorcycle sales statistic of 1,078,870 units in 2019 is a testament to the growing popularity of motorcycles in the region. It is a clear indication that more and more people are choosing to ride motorcycles as their preferred mode of transportation. This statistic is a valuable insight into the current state of the motorcycle industry in the European Union and can be used to inform decisions about future investments and strategies.
India is the world’s largest motorcycle market, with over 17 million new motorcycle sales in 2019.
This statistic is a testament to the immense popularity of motorcycles in India, highlighting the fact that the country is the world’s largest motorcycle market. It is a clear indication that motorcycles are a preferred mode of transportation in India, and that the demand for them is high. This statistic is an important piece of information for anyone interested in the motorcycle sales industry, as it provides insight into the size and scope of the market.
The global electric motorcycle market is projected to grow at a CAGR of 9.6% between 2021 and 2028.
This statistic is a crucial indicator of the potential for growth in the global electric motorcycle market. It suggests that the market is likely to experience a steady increase in sales over the next seven years, making it an attractive option for those looking to invest in the industry. This could be a great opportunity for motorcycle manufacturers to capitalize on the growing demand for electric motorcycles, as well as for those looking to purchase one. As such, this statistic is an important piece of information for anyone interested in the motorcycle sales statistics.
Sales of electric motorcycles in the EU-27 countries reached 72,655 units in 2020.
This statistic is a telling indication of the growing popularity of electric motorcycles in the EU-27 countries. It shows that more and more people are turning to electric motorcycles as a viable alternative to traditional gasoline-powered motorcycles. This is an important trend to note, as it could have a significant impact on the future of the motorcycle industry.
Off-road motorcycle sales in the US increased nearly 50% in 2020.
This statistic is a testament to the growing popularity of off-road motorcycles in the US. It shows that more and more people are choosing to invest in these vehicles, which could be due to the increased availability of off-road trails and the growing popularity of off-road racing. This statistic is an important indicator of the current state of the motorcycle industry and provides valuable insight into the trends and preferences of motorcycle buyers.
Brazil’s motorcycle production reached 1.2 million units in 2020, a decrease of 15.5% from 2019.
This statistic is a telling indication of the state of the motorcycle industry in Brazil. It shows that despite the overall decrease in production, the market is still strong and resilient. This is an important insight for anyone interested in the motorcycle industry in Brazil, as it provides a snapshot of the current state of the market and can be used to inform future decisions.
New motorcycle registrations in Japan in 2020 reached 374,013 units.
This statistic is a telling indication of the current state of motorcycle sales in Japan. It shows that despite the economic downturn caused by the pandemic, the demand for motorcycles in Japan remains strong. This statistic is a valuable insight into the current trends in the motorcycle industry, and can be used to inform decisions about future investments in the sector.
In 2021, 26% of Vietnamese motorcycle consumers preferred Honda motorcycles.
This statistic is a telling indication of the popularity of Honda motorcycles among Vietnamese consumers. It shows that Honda has a strong presence in the Vietnamese motorcycle market, and that it is a preferred choice for many consumers. This information can be used to inform marketing strategies and to help businesses better understand the preferences of their target audience.
Royal Enfield’s motorcycle sales in India reached about 683,740 units in 2020.
The fact that Royal Enfield’s motorcycle sales in India reached 683,740 units in 2020 is a testament to the company’s success in the Indian market. It shows that the brand has been able to capture a large portion of the Indian motorcycle market, and that its popularity is growing. This statistic is a great example of the power of the Indian motorcycle market, and it serves as a reminder of the potential for growth in the industry.
The number of new motorcycle registrations in the UK in 2019 was 107,408.
This statistic is a telling indication of the popularity of motorcycles in the UK. It shows that despite the rising cost of fuel and the increasing cost of living, people are still investing in motorcycles. This statistic is a testament to the fact that motorcycles are still a viable and attractive option for many people. It also provides a useful benchmark for comparing the performance of the motorcycle industry in the UK over time.
Electric motorcycle sales in Spain increased 107% in 2019.
This statistic is a testament to the growing popularity of electric motorcycles in Spain, indicating that more and more people are turning to this eco-friendly form of transportation. It is a clear sign that the market for electric motorcycles is expanding, and that the demand for them is increasing. This is an important statistic to consider when discussing motorcycle sales statistics, as it shows that electric motorcycles are becoming a more viable option for consumers.
Harley-Davidson’s worldwide retail sales of motorcycles saw a 17.4% decline to 180,248 units in 2020.
This statistic is a telling indication of the impact of the pandemic on the motorcycle industry. It highlights the fact that even a well-established brand like Harley-Davidson has been affected by the economic downturn, with a significant drop in sales. This statistic is an important reminder of the importance of understanding the current market conditions and adapting accordingly.
Bajaj Auto’s annual profit after tax increased to about 46.3 billion Indian rupees in 2020.
This statistic is a testament to the success of Bajaj Auto in 2020, indicating that the company was able to increase its profits despite the challenging economic conditions. It is a positive sign for the motorcycle industry, showing that even in a difficult year, there is still potential for growth. This is an encouraging sign for those looking to invest in the motorcycle industry, as it suggests that there is still money to be made in the sector.
The number of registered motorcycles in South Korea reached 989,226 in 2020.
This statistic is a telling indication of the popularity of motorcycles in South Korea. It shows that the demand for motorcycles is on the rise, and that the industry is thriving. This is an important piece of information for anyone interested in the motorcycle sales market, as it provides insight into the current trends and potential opportunities.
Motorcycle sales in Argentina reached 328,057 units in 2019.
The fact that motorcycle sales in Argentina reached 328,057 units in 2019 is a testament to the popularity of two-wheeled transportation in the country. This statistic is indicative of the growing demand for motorcycles in Argentina, and serves as a reminder of the importance of the motorcycle industry in the country.
Conclusion
The global motorcycle market is a thriving industry, with sales reaching over 471,000 units in the United States alone in 2018. The global market size was estimated at USD 131.2 billion in 2020 and 13 million motorcycles were sold in China that same year. In 2019, Honda had a 35% share of US motorcycle sales while European Union countries saw 1,078,870 new registrations for motorcycles that year. India remains the world’s largest motorcycle market with 17 million new vehicles sold there during 2019; however Brazil experienced an overall 15.5% decrease from their production numbers of 1.2 million units between 2019-2020 due to economic factors such as inflation and currency devaluation within the country itself .
In addition to traditional gasoline powered models being popular worldwide , electric vehicle technology has seen tremendous growth across many markets including Europe where 72 655 EV’s were registered last year along with 989 226 registered bikes throughout South Korea . Off road bike sales have also increased significantly by 50 % within America whilst Australia reported 22 % increase on Q1 2021 compared to previous years figures . Harley Davidson retail sale dropped 17 percent globally but Bajaj Auto managed 46 3 billion Indian rupees profit after tax despite pandemic related issues which affected other manufacturers negatively too . Argentina recorded 328 057 unit motorbike registration back in 2019 showing positive signs for future development prospects amongst Latin American nations as well
Overall it can be concluded that although some areas may experience downturns or stagnation due to external forces like Covid 19 ,the Motorcycle Industry continues its steady rise around the globe thanks largely to technological advancements & consumer demand trends
References
0. – https://www.researchandmarkets.com
1. – https://www.grandviewresearch.com
2. – https://www.statista.com
3. – https://www.eea.europa.eu
4. – https://www.electrive.com
5. – https://www.revzilla.com
6. – https://www.acea.be
