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Motorcycle Market Share

Report ID: GMI7762
Published Date: Jan 2024
Report Format: PDF

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Motorcycle Market Share

Companies employ a multifaceted approach to enhance their market share in a highly competitive landscape. Firstly, innovation stands at the forefront, with companies investing significantly in research and development to introduce cutting-edge technologies and design features. This includes advancements in electric motorcycles, smart connectivity, and improved safety systems, catering to evolving consumer preferences and regulatory trends.

Collaborations and partnerships also play a pivotal role, as motorcycle manufacturers often join forces with technology companies, suppliers, or other automotive entities. These collaborations enable the integration of new technologies, shared expertise, and access to a broader market. Furthermore, strategic alliances with financial institutions facilitate the introduction of attractive financing options, promoting motorcycle ownership.

Motorcycle Market Companies

Major players operating in the motorcycle industry are:

Bajaj Auto
Energica Motor Company
Harley Davidson
Hero
Honda Motorcycle
Kawasaki Heavy Industries
KTM
TVS
Yamaha
Zero Motorcycles

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The motorcycle industry was valued at USD 106.8 billion in 2023 and is anticipated to register a CAGR of 8.5% between 2024 and 2032, driven by technological strides in engine development and enhanced purchasing power.

The standard motorcycles segment accounted for around 17% of the market share in 2023 and is anticipated to grow significantly in the coming years, owing to its versatility, reasonable pricing, and adaptability to different riding styles.

Asia Pacific Motorcycle Market held a revenue share of around 46% in 2022 and is poised for substantial growth through 2032, driven by a rising population and increasing disposable income.

Bajaj Auto, Energica Motor Company, Harley Davidson, and Hero are some of the major industry contenders.