Motorcycle And Bicycle Market Segments 2023-2032 | Size, Share And Insights

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The Motor Vehicles Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).

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According to The Business Research Company’s Motor Vehicles Global Market Report 2024, The motor vehicles market size has grown strongly in recent years. It will grow from $2588.03 billion in 2023 to $2801.93 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%.  The  growth in the historic period can be attributed to economic conditions, technological advancements, consumer preferences, globalization and trade.

The motor vehicles market size is expected to see strong growth in the next few years. It will grow to $3811.74 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%.  The growth in the forecast period can be attributed to electrification, connectivity, shared mobility, government policies. Major trends in the forecast period include electrification and lightweighting, advanced materials, additive manufacturing, digitalization and connectivity, collaboration and partnerships, .

The motor vehicle market is aided by the stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historical period, are further expected to aid the market’s growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. Stable economic growth is expected to increase investments in the end-user markets, thereby driving the motor vehicle market during the forecast period.

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The motor vehicles market covered in this report is segmented –

1) By Type: Motorcycle And Bicycle; Passenger Car; Commercial Vehicle

2) By Fuel Type: Gasoline; Diesel; Other Fuel Types

3) By Engine Capacity: <1000 cc; <1000-1500 cc; <1500-2000 cc; >2000 cc

4) By Propulsion Type: IC Engine; Electric Vehicle

Top Major Players:
EXOR Group
Robert Bosch GmbH
Aisin Seiki Co Ltd
Toyota Motor Corp
Denso Corp

Asia-Pacific was the largest region in the motorcycle and bicycle market in 2023.

Subsegments Covered: Motorcycles And Parts; Bicycles And Parts; Motor Scooters; Other Motorcycle And Bicycle; Hatchback; Sedan; Utility Vehicle; Light Commercial Vehicle; Heavy Trucks; Buses And Coaches

The motor vehicles market report table of contents includes:

1. Executive Summary
2. Motorcycle And Bicycle Market Characteristics
3. Motorcycle And Bicycle Product/Service Analysis -Product/Service Examples
4. Motorcycle And Bicycle Market Trends And Strategies
5. Motorcycle And Bicycle Market – Macro Economic Scenario
………..
68. Global Motorcycle And Bicycle Market Competitive Benchmarking
69. Global Motorcycle And Bicycle Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Motorcycle And Bicycle Market
71. Motorcycle And Bicycle Market Future Outlook and Potential Analysis
72. Appendix

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