The Latest Motorcycles Industry Statistics Explained
In terms of global market share, Honda accounts for about 27.9% of motorcycle sales worldwide.
The statistic indicates that Honda holds a substantial portion of the global motorcycle market, representing approximately 27.9% of all motorcycle sales on a worldwide scale. This suggests that Honda is a major player in the motorcycle industry, with a significant presence and influence in markets across various regions. The statistic highlights Honda’s success and competitiveness in the motorcycle market, positioning the company as one of the leading manufacturers in terms of market share. This level of market dominance underscores Honda’s strong brand reputation, product quality, and market strategies that have enabled it to capture a significant share of the global motorcycle sales.
In 2018, the size of the global motorcycles market was approximately 138.66 billion U.S. dollars.
The statistic states that the global motorcycles market had a total value of around 138.66 billion U.S. dollars in the year 2018. This figure represents the overall economic worth of the motorcycles industry worldwide, including all sales and profits generated from the manufacturing, distribution, and sales of motorcycles and related products and services. The size of the market reflects the significant contribution of the motorcycles industry to the global economy and provides insight into the scale and importance of this sector in terms of revenue generation and employment opportunities.
In 2019, approximately 47 million new motorcycles were sold worldwide.
The statistic that approximately 47 million new motorcycles were sold worldwide in 2019 reflects a significant global market for these vehicles. This figure indicates strong consumer demand for motorcycles as a mode of transportation or recreational vehicles. The robust sales numbers suggest a thriving motorcycle industry, with manufacturers and suppliers catering to a large and diverse customer base around the world. This statistic also highlights the economic impact of the motorcycle market, as sales of these vehicles contribute to the revenue and growth of various businesses in the industry.
There are about 1,096,100 registered motorcycles in California, the highest in any US state.
The statistic “There are about 1,096,100 registered motorcycles in California, the highest in any US state” indicates that California has the largest number of registered motorcycles among all states in the US. This data point is significant as it sheds light on the popularity and prevalence of motorcycles within California, showcasing the state’s active motorcycle culture. The high number of registered motorcycles can have implications for various aspects such as traffic safety, road infrastructure, and the economy, as it suggests a sizable market for motorcycle-related products and services. Additionally, this statistic could also be used by policymakers and transportation authorities to tailor regulations and initiatives to cater to the needs of the motorcycle community in California.
China is the leading motorcycle manufacturer in the world, with about 15 million units produced in 2019.
The statistic highlights China’s dominance in the global motorcycle manufacturing industry with approximately 15 million units produced in 2019. This figure demonstrates China’s significant contribution to the overall production output in the motorcycle market, outpacing other countries in terms of volume. The sheer scale of production underscores China’s competitive advantage in this sector, showcasing the country’s advanced manufacturing capabilities and cost efficiency. This statistic not only positions China as a key player in the international motorcycle industry but also emphasizes the country’s influence on market trends and dynamics.
In 2019, the European Union exported around 1.34 million motorcycles globally.
The statistic stating that the European Union exported approximately 1.34 million motorcycles worldwide in 2019 provides insight into the scale and importance of the EU’s motorcycle industry. This figure suggests that the EU holds a significant market share in the global motorcycle trade, showcasing its competitiveness and manufacturing capabilities in producing motorcycles for export. The export of such a large number of motorcycles also indicates the potential economic impact, job creation, and trade relationships that the EU has in the international motorcycle market. Moreover, it highlights the demand for EU-manufactured motorcycles worldwide, indicating the strength of the EU motorcycle industry in meeting global consumer needs.
Harley-Davidson’s U.S. market share in 2019 was 30% for motorcycles 601cc and larger.
The statistic indicates that in 2019, Harley-Davidson held a market share of 30% in the United States specifically for motorcycles with an engine displacement of 601cc (cubic centimeters) and larger. This means that out of all the motorcycles in that engine category sold in the U.S. in 2019, Harley-Davidson accounted for 30% of those sales. A 30% market share suggests a fairly strong position in the market for Harley-Davidson, indicating that they are a significant player in the segment for larger motorcycles. This statistic provides insight into Harley-Davidson’s level of competition and market presence within the U.S. motorcycle industry.
The motorcycle, bike & parts manufacturing market in the US has grown by 2.2% to reach $3.8 billion in 2021.
The statistic indicates that the motorcycle, bike, and parts manufacturing market in the United States has experienced a growth rate of 2.2%, resulting in a total market value of $3.8 billion in the year 2021. This growth suggests a positive trend in the industry, reflecting an increase in consumer demand for motorcycles, bicycles, and related parts within the US market. The expansion of the market to reach $3.8 billion indicates a potential opportunity for businesses operating in this sector to capitalize on the growing market demand and potentially increase their market share through strategic investments and innovations.
Electric motorcycles and scooters market size was valued at USD 33.4 billion in 2020.
The statistic that the electric motorcycles and scooters market size was valued at USD 33.4 billion in 2020 indicates the total monetary value of the market for electrically-powered two-wheeled vehicles during that period. This figure reflects the combined revenue generated from the sales of electric motorcycles and scooters globally in 2020. The market size can be influenced by various factors such as consumer demand, technological advancements, government policies, and environmental concerns driving the growth of electric vehicles. The substantial market value underscores the increasing popularity and adoption of electric motorcycles and scooters as sustainable transportation options, indicating a growing trend towards environmentally-friendly mobility solutions.
By 2026, the global electric motorcycle market is expected to reach $5.2 billion.
The statistic indicates that the global electric motorcycle market is anticipated to grow significantly by 2026, with a projected market value of $5.2 billion. This suggests a growing demand and adoption of electric motorcycles worldwide, driven by factors such as increasing environmental awareness, government incentives for electric vehicles, and advancements in battery technology. The expected market size highlights the potential for substantial growth opportunities and market expansion in the electric motorcycle industry over the next few years, indicating a shift towards more sustainable transportation alternatives.
The Asian market accounted for over 95% of global electric two-wheeler sales in 2019.
The statistic indicates that the Asian market dominated the global electric two-wheeler sales in 2019, accounting for more than 95% of the total sales worldwide. This highlights the significant influence and market size of Asian countries in the electric two-wheeler industry. Factors such as the high population density, rapid urbanization, increasing environmental awareness, and supportive government policies in several Asian countries have likely contributed to this dominance. The statistic suggests that the demand for electric two-wheelers is principally driven by the Asian market, emphasizing the importance of focusing on this region for companies operating in the electric two-wheeler sector.
The adventure motorcycles segment accounted for around 26.05% of the market share in 2020.
The statistic indicates that in 2020, the adventure motorcycles segment held a significant portion of the overall market share, amounting to approximately 26.05%. This suggests that a considerable portion of consumers within the motorcycle market favored or purchased adventure motorcycles over other types. The data is valuable for industry analysts, manufacturers, and other market participants as it highlights the popularity and competitiveness of the adventure motorcycles segment. By understanding the market share of this specific segment, stakeholders can make informed decisions regarding product development, marketing strategies, and potential growth opportunities within the motorcycle industry.
US sales of motorcycles and scooters valued at approximately 7 billion USD in 2019.
The statistic indicates that the total value of sales for motorcycles and scooters in the United States was around 7 billion USD in 2019. This figure reflects the monetary worth of all motorcycles and scooters sold within the country during that year. It serves as a key indicator of the economic size and importance of the motorcycle and scooter industry in the United States, highlighting the substantial amount of revenue generated by the sales of these vehicles. This statistic could be used to assess the overall market performance, consumer demand, and economic impact of the motorcycle and scooter sector in the United States.
Demand for motorcycles in India is projected to grow at a CAGR of over 7% until FY2026.
This statistic indicates that the demand for motorcycles in India is expected to increase steadily over the coming years at a compound annual growth rate (CAGR) of over 7% until the end of fiscal year 2026. This projection suggests a positive outlook for the motorcycle industry in India, reflecting potential growth opportunities and increasing consumer interest in owning motorcycles. Factors contributing to this growth could include rising disposable incomes, changing consumer preferences, improved infrastructure, and the expansion of urban areas leading to increased mobility needs. The CAGR metric forecasts a consistent annual growth rate, highlighting a potentially favorable market environment for motorcycle manufacturers and suppliers in India in the near future.
There was a projected 133% growth in the electric motorcycles market in North America, from 2017 to 2025.
The statistic ‘There was a projected 133% growth in the electric motorcycles market in North America, from 2017 to 2025’ indicates that industry analysts anticipate a significant increase in the North American electric motorcycles market over the stated time period. A 133% growth rate suggests that the market size is expected to more than double by 2025 compared to its level in 2017. This rapid growth trajectory suggests a strong demand for electric motorcycles in the region, likely driven by factors such as increasing environmental concerns, technological advancements, and shifting consumer preferences towards sustainable transportation options. The projection underscores the potential opportunities for businesses operating in the electric motorcycle industry to capitalize on this growing market trend in the coming years.
Two-wheelers account for 80% of all vehicles sold in India, the world’s largest motorcycles market.
The statistic “Two-wheelers account for 80% of all vehicles sold in India, the world’s largest motorcycles market” indicates that the sale of two-wheeled vehicles, primarily motorcycles and scooters, dominates the Indian automotive market. This high proportion highlights the popularity and widespread usage of two-wheelers as a primary mode of transportation in the country. The fact that India is the largest motorcycles market in the world further emphasizes the significance of this statistic, suggesting a strong demand for two-wheeled vehicles due to factors such as affordability, convenience, and congestion on Indian roads.
In 2021, Number of motorcycles sold by brand in the US included: Harley-Davidson (103,650), Honda (98,280), Yamaha (67,280), and Suzuki (35,280).
In 2021, the number of motorcycles sold by brand in the US were as follows: Harley-Davidson sold 103,650 units, Honda sold 98,280 units, Yamaha sold 67,280 units, and Suzuki sold 35,280 units. These figures indicate the relative popularity and market share of each brand within the motorcycle industry in the US during that year. Harley-Davidson emerged as the top-selling brand with the highest number of units sold, followed closely by Honda. Yamaha and Suzuki, while also significant players in the market, sold fewer units in comparison. These statistics provide valuable insights into consumer preferences and market dynamics within the US motorcycle industry, helping stakeholders make informed decisions related to production, marketing, and sales strategies.
The motorbikes industry in Africa is projected to reach $9 billion by 2021, driven by strong demand for cheap, efficient transportation.
The statistic indicates that the motorbikes industry in Africa is expected to grow substantially, reaching a value of $9 billion by the year 2021. This growth is attributed to the increasing demand for affordable and efficient modes of transportation in the region. Motorbikes are perceived as a cost-effective and convenient option for individuals in Africa, especially in areas where public transportation infrastructure may be lacking or unreliable. The projected growth in the industry suggests that motorbikes are becoming an increasingly important means of transportation in Africa, promising economic opportunities and improvements in mobility for many individuals across the continent.
Asia-Pacific region dominated the motorcycle market accounting for over 80% of the overall volume share in 2020.
The statistic indicates that the Asia-Pacific region had a significant presence and influence in the motorcycle market in 2020, capturing more than 80% of the total volume share. This dominance suggests that a vast majority of motorcycles sold worldwide in 2020 were within the Asia-Pacific region, showcasing the region’s strong demand and importance in the industry. Factors such as population size, economic development, cultural preferences, and infrastructure may have contributed to this market dominance. The statistic highlights the region’s leading role in the motorcycle market and its impact on the global industry landscape.
Conclusion
Based on the statistics presented in this blog post, it is evident that the motorcycles industry is experiencing steady growth and significant changes in consumer preferences. With increasing sales and technological advancements, the future looks promising for the motorcycle market. It is important for industry professionals to monitor these trends closely and adapt their strategies to stay competitive in this dynamic market.
References
0. – https://www.www.grandviewresearch.com
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2. – https://www.www.statista.com
3. – https://www.www.prnewswire.com
4. – https://www.www.globenewswire.com
5. – https://www.www.ibisworld.com
6. – https://www.www.africa.com
7. – https://www.www.iea.org
8. – https://www.www.fortunebusinessinsights.com
9. – https://www.ultimatemotorcycling.com
