Motorcycles, Scooters and Mopeds Market is anticipated to reach US$ 519.8 Bn by 2029 from US$ 319.5 Bn in 2022 at a CAGR of 7.2% during a forecast period.Motorcycles, Scooters and Mopeds Market Overview
These motorcycles, scooters, and mopeds are easy to operate and transport because of their lightweight, disassemble, and folding function. The growing tourist industry and increasing traffic congestion levels are the major growth drivers for the motorcycle, scooters, and mopeds market in developing countries. Also with the increase in disposable income and rising urban population is boosting the sales of motorcycles, scooters, and mopeds across the globe. Thus, companies are highly investing in the production of more efficient motorcycles, scooters, and mopeds with the new electric two-wheelers.To know about the Research Methodology:- Request Free Sample Report
Motorcycles, Scooters and Mopeds Market Dynamics
These bikes are used for different activities like cruising, racing, long-distance traveling, and daily commuting. The integration of new technologies such as bluetooth speaker systems, bucket seats, navigation assistants, and unique horns are driving the consumer’s interest in the motorcycle, scooter, and mopeds. Manufacturers thus are investing in enhanced design activities to improve mileage and fuel consumption with more torque and advanced braking systems. For example, the anti-lock braking system and throttle control are gaining popularity among manufacturers, which is driving sales globally. Also, modern motorcycles are often equipped with slipper clutches that are designed to partially disengage when the rear wheel tries to drive the engine faster. These new attractive and low fuel consumption variants in the motorcycle, scooter, and mopeds are driving the market's growth. Similarly, the growing availability of affordable models in developing countries and the introduction of new, top-of-the-line motorcycles, scooters, and mopeds drive the market's growth. The distinct design and style of these bikes have played a major role in increasing their hype in the market. The aspects considered in designs include shape, weight, color, and comfort. These bikes also offer better gas mileage than many cars thus, manufacturers are focusing on providing the latest and convenient technologies, which is expected to be one of the key factors driving the growth of the market. The introduction of rules, incentives, and subsidies for electric two-wheelers and preference for clean energy transportation are the factors expected to hamper the market growth during the forecast period.COVID-19 Impact on the Global Motorcycles, Scooters and Mopeds Market
COVID pandemic has a major impact on the market in terms of sales as more than 44% of sales of units are hampered owing to disruption in transport capabilities of the manufacturers due to stringent norms of lockdown and increasing safety concerns. Manufacturing operations have been halted, and the supply chain has been disrupted, resulting in a drop in motorcycle, scooter, and mopeds exports in the pandemic. However the market gain momentum in the second half of 2021 due to the huge demand for individual mobility and more access to motorcycle finance alternatives. Thus, consumers turned to motorcycles for traveling as public transport remained less appealing due to the covid-19 pandemic. In 2021, global sales were 56.7 million, with the Indian market falling by 3.1 million units.Motorcycles, Scooters and Mopeds Market Segmentation Analysis
By Type, the motorcycles segment dominated the market, with market size of US$ XX Mn. in 2021 and to reach US$ XX Mn. by 2029, with a CAGR of 4.3%. Rising personal incomes in many developing countries, more access to motorcycle finance alternatives, and worries about public transit overcrowding are the factors that contribute to the growth of the motorcycle segment. The scooter sector is predicted to increase at the quickest rate. Electric scooters are gaining popularity in industries such as hospitality, safety, holiday, and tourism. Furthermore, the market has been flooded with low-cost scooters made by Chinese manufacturers, which has increased client demand for such scooters. However, government incentives to lower the total purchase price of electric scooters are expected to result in a considerable decline in conventional scooters. By Application, the commercial segment was valued at US$ XX Mn. in 2022 and is projected to reach US$ XX Mn by 2029 at a CAGR of 12% during 2023-2029. The market is expected to rise as these bikes are mostly used for commercial activities like purposes like delivering food and ferrying people. The residential segment is expected to grow at 6% CAGR during the forecast period.Motorcycles, Scooters and Mopeds Market Regional Insight
United States held the largest market share of XX% in 2022 and is projected to grow at the highest CAGR of 52% over 2022-2029. Germany is the leading country of the world’s second-largest market of motorcycles due to advanced manufacturing hubs and rising demand for various types of motorcycles. Germany is expected to expand at a CAGR of around 2.1 percent in Europe, while the rest of the European market is expected to reach 10.3 million units by 2029. Due to rapid urbanization and heavy Chinese customer acceptance, the Asia Pacific region accounted for more than 42.0% of the global demand in 2022. China is the key market for the production and sale of these vehicles followed by Europe. Earlier it was valued at US$ XX Mn in 2022 and is estimated to reach US$ XX Mn by 2029 at a CAGR of 5.3% during the forecast period. Furthermore, the presence of a large customer base in the Asia Pacific has prompted manufacturers to explore the rental service market model using bikes. Furthermore, due to their high processing capacities and sufficient raw materials, China and Taiwan are prime locations for the manufacture of these vehicles. The objective of the report is to present a comprehensive analysis of the Global Motorcycles, Scooters and Mopeds Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Motorcycles, Scooters and Mopeds Market dynamics, structure by analyzing the market segments and project the Global Motorcycles, Scooters and Mopeds Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Motorcycles, Scooters and Mopeds Market make the report investor’s guide.Motorcycles, Scooters and Mopeds Market Scope: Inquire before buying
Motorcycles, Scooters and Mopeds Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 319.5 Bn. Forecast Period 2022 to 2029 CAGR: 7.2% Market Size in 2029: US $ 519.8 Bn. Segments Covered: by Type Motorcycles Scooters Mopeds by Application Residential Commercial Other Motorcycles, Scooters and Mopeds Market by Region:
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)Motorcycles, Scooters and Mopeds Market Key Players
1. Hero MotoCorp 2. TVS Motor 3. Yamaha 4. Bajaj Auto 5. Loncin Holding 6. Suzuki 7. Lifan Industry 8. Haojue 9. Sundiro Honda Motorcycle 10. Piaggio 11. Qianjiang Group 12. Guangzhou DaYun Motorcycle 13. Wuyang-Honda Motors 14. Chongqing Yinxiang Motorcycle 15. Kawasaki 16. JINYI MOTOR 17. Zongshen Industrial Group 18. Kwang Yang (Kymco) 19. Honda 20. Luoyang Northern Enterprises Group Frequently Asked Questions: 1. Which region has the largest share in Global Market? Ans: United States region held the highest share in 2022. 2. What is the growth rate of Global Market? Ans: The Global Market is growing at a CAGR of 7.2% during forecasting period 2023-2029. 3. What is scope of the Global market report? Ans: Global Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global market? Ans: The important key players in the Global Market are – Hero MotoCorp, TVS Motor, Yamaha, Bajaj Auto, Loncin Holding, Suzuki, Lifan Industry, Haojue, Sundiro Honda Motorcycle, Piaggio, Qianjiang Group, Guangzhou DaYun Motorcycle, Wuyang-Honda Motors, Chongqing Yinxiang Motorcycle, Kawasaki, JINYI MOTOR, Zongshen Industrial Group, Kwang Yang (Kymco), Honda, and Luoyang Northern Enterprises Group 5. What is the study period of this market? Ans: The Global Market is studied from 2022 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Motorcycles, Scooters and Mopeds Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2020 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Motorcycles, Scooters and Mopeds Market 3.4. Geographical Snapshot of the Motorcycles, Scooters and Mopeds Market, By Manufacturer share 4. Global Motorcycles, Scooters and Mopeds Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Motorcycles, Scooters and Mopeds Market 5. Supply Side and Demand Side Indicators 6. Global Motorcycles, Scooters and Mopeds Market Analysis and Forecast, 2022-2029 6.1. Global Motorcycles, Scooters and Mopeds Market Size & Y-o-Y Growth Analysis. 7. Global Motorcycles, Scooters and Mopeds Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 7.1.1. Motorcycles 7.1.2. Scooters 7.1.3. Mopeds 7.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 7.2.1. Residential 7.2.2. Commercial 7.2.3. Other 8. Global Motorcycles, Scooters and Mopeds Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Motorcycles, Scooters and Mopeds Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 9.1.1. Motorcycles 9.1.2. Scooters 9.1.3. Mopeds 9.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 9.2.1. Residential 9.2.2. Commercial 9.2.3. Other 10. North America Motorcycles, Scooters and Mopeds Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Motorcycles, Scooters and Mopeds Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 12. Canada Motorcycles, Scooters and Mopeds Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 13. Mexico Motorcycles, Scooters and Mopeds Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 14. Europe Motorcycles, Scooters and Mopeds Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 15. Europe Motorcycles, Scooters and Mopeds Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Motorcycles, Scooters and Mopeds Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 17. France Motorcycles, Scooters and Mopeds Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 18. Germany Motorcycles, Scooters and Mopeds Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 19. Italy Motorcycles, Scooters and Mopeds Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 20. Spain Motorcycles, Scooters and Mopeds Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 21. Sweden Motorcycles, Scooters and Mopeds Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 22. CIS Countries Motorcycles, Scooters and Mopeds Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 23. Rest of Europe Motorcycles, Scooters and Mopeds Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 24. Asia Pacific Motorcycles, Scooters and Mopeds Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 25. Asia Pacific Motorcycles, Scooters and Mopeds Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Motorcycles, Scooters and Mopeds Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 27. India Motorcycles, Scooters and Mopeds Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 28. Japan Motorcycles, Scooters and Mopeds Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 29. South Korea Motorcycles, Scooters and Mopeds Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 30. Australia Motorcycles, Scooters and Mopeds Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 31. ASEAN Motorcycles, Scooters and Mopeds Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 32. Rest of Asia Pacific Motorcycles, Scooters and Mopeds Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 33. Middle East Africa Motorcycles, Scooters and Mopeds Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 34. Middle East Africa Motorcycles, Scooters and Mopeds Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Motorcycles, Scooters and Mopeds Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 36. GCC Countries Motorcycles, Scooters and Mopeds Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 37. Egypt Motorcycles, Scooters and Mopeds Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 38. Nigeria Motorcycles, Scooters and Mopeds Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 39. Rest of ME&A Motorcycles, Scooters and Mopeds Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 40. South America Motorcycles, Scooters and Mopeds Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 41. South America Motorcycles, Scooters and Mopeds Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Motorcycles, Scooters and Mopeds Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 43. Argentina Motorcycles, Scooters and Mopeds Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 44. Rest of South America Motorcycles, Scooters and Mopeds Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Motorcycles, Scooters and Mopeds Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Applications 45.2.3.2. M&A Key Players, Forward Integration and Backward Integration 45.3. Company Profile : Key Players 45.3.1. Yamaha 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.4. Hero MotoCorp 45.5. TVS Motor 45.6. Yamaha 45.7. Bajaj Auto 45.8. Loncin Holding 45.9. Suzuki 45.10. Lifan Industry 45.11. Haojue 45.12. Sundiro Honda Motorcycle 45.13. Piaggio 45.14. Qianjiang Group 45.15. Guangzhou DaYun Motorcycle 45.16. Wuyang-Honda Motors 45.17. Chongqing Yinxiang Motorcycle 45.18. Kawasaki 45.19. JINYI MOTOR 45.20. Zongshen Industrial Group 45.21. Kwang Yang (Kymco) 45.22. Honda 45.23. Luoyang Northern Enterprises Group 46.Primary Key Insights