Rockville, Md. The global motorcycle market is set to grow from over US$ 100 Bn in 2017 to nearly US$ 150 Bn by 2022, a 4.5% CAGR that Fact.MR links to rising living standards across developing Asia and the fuel economy motorcycles offer over cars. As incomes climb in China, India and Indonesia, two wheels remain an attractive alternative to mass transit or a bicycle.
Light motorcycles carry the market, below-250cc bikes dominate by capacity, and low-priced models draw the most buyers. Asia Pacific excluding Japan leads by a wide margin, while electric motorcycles are the fastest-growing product line.
Products, Capacity and Price
Light motorcycles remain the largest product segment, followed by scooters, while mopeds stay subdued. The sharper growth belongs to electric motorcycles, which post the highest CAGR as eco-friendly options gain appeal. By capacity, below-250cc bikes stay preferred and head toward nearly US$ 100 Bn by 2022, with the 200cc to 500cc class second. On price, low-priced models are the most attractive, ahead of mid-priced, while high-priced bikes grow slowest.
Asia Pacific excluding Japan dominates as buyers cross income thresholds that turn motorcycles into a practical purchase. Japan ranks second, North America grows fastest among developed markets, especially in medium and heavy bikes, while Europe and the Middle East and Africa expand slowly.
Incomes and Electrification Shape Demand
The market's direction reflects two shifts. Growing prosperity in emerging economies keeps volume rising at the affordable end, while cleaner technology is starting to reshape the product mix. As manufacturers chase urban mobility demand, electric models move from novelty toward a genuine growth engine.
Suppliers and Their Playbook
The field spans mass-market and premium manufacturers.
- Bajaj Auto Ltd., Bayerische Motoren Werke AG, Benelli Q.J., Piaggio & C. SpA, Harley-Davidson Motor Company, Inc., Suzuki Motor Corporation, Honda Motor Co., Ltd., Hero MotoCorp Ltd., Eicher Motors Limited, Yamaha Motor Co., Ltd., KR Motors Co., Ltd., and Chongqing Jianshe Motorcycle Co., Ltd. are among the key players in the report.
Reading the Market for Decisions
For manufacturers, volume favours affordable, small-capacity bikes, while electrification marks the longer-term opportunity. Investors get a large market with steady emerging-market demand. Procurement and distribution teams can plan around low-priced, below-250cc models carrying volume and Asia Pacific leading through 2022.
About the Report
Fact.MR's study covers the global motorcycle market for the 2017 to 2022 forecast period, with segmentation by product type, cylinder capacity, price range and region. It sizes each segment, maps the competitive field, and weighs the economic forces shaping demand. Further detail is available in the motorcycle market report.
About Fact.MR
Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. The firm is known for its syndicated research, custom research and consulting solutions, helping clients make decisions on demand, competition, investment, procurement and future growth.