Overview and Scope
Motorcycles, scooters, and mopeds are two-wheeled motorized vehicles designed for personal transportation, with motorcycles typically featuring more powerful engines and higher speeds, while scooters are characterized by step-through frames, platforms for the rider’s feet, and automatic transmissions. Mopeds are motorized bicycles with small engines often under 50cc, equipped with pedals for manual propulsion in addition to the motorized engine.
Sizing and Forecast
The motorcycles, scooters and mopeds market size has grown strongly in recent years. It will grow from $323.67 billion in 2023 to $351.14 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to economic affordability, urbanization trends, traffic congestion mitigation, youthful demographics, government regulations and incentives.
The motorcycles, scooters and mopeds market size is expected to see strong growth in the next few years. It will grow to $464.49 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to electric vehicle adoption, smart and connected features, last-mile delivery solutions, sharing economy integration, rural market expansion. Major trends in the forecast period include safety innovations, e-commerce and direct-to-consumer sales, connectivity and iot integration, shared mobility services, cultural preferences.
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Segmentation & Regional Insights
The motorcycles, scooters and mopeds market covered in this report is segmented –
1) By Type: Motorcycles, Scooters, Mopeds
2) By Engine Capacity Type: Up to 150cc, 151-300cc, 301-500cc, Above 500cc
3) By Application: Residential, Commercial, Other Applications
North America was the largest region in the motorcycles, scooters and mopeds market in 2023. The regions covered in the motorcycles, scooters and mopeds market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing trend of micromobility is expected to propel the growth of the motorcycles, scooters, and mopeds market going forward. Micromobility refers to a mode of transportation that involves small, lightweight vehicles, typically designed for short-distance travel within urban or densely populated areas. Micromobility encourages the adoption of electric motorbikes and scooters by raising awareness of two-wheeled transportation, particularly in urban areas, and aligning it with environmental concerns. For instance, in December 2022, according to the National Association of City Transportation Officials, a US-based non-profit organization, the number of dockless e-scooter trips experienced a nearly twofold increase, rising from 33 million in 2020 to 62.5 million in 2021, constituting 56% of all shared micro-mobility journeys in 2021. Therefore, the growing trend of micromobility is driving the growth of the motorcycles, scooters, and mopeds market.
Key Industry Players
Major companies operating in the motorcycles, scooters and mopeds market report are Bayerische Motoren Werke AG, Honda Motor Co. Ltd., Suzuki Motor Corporation, Chang’an Automobile Co. Ltd., Yamaha Motor Co. Ltd., Guangzhou Automobile Group Co. Ltd., Kawasaki Heavy Industries Ltd., Polaris Inc., Bajaj Auto Limited, Hero MotoCorp Limited, Pierer Mobility AG, TVS Motor Company, Piaggio & C. SpA., Eicher Motors Limited, Ducati Motor Holding S.p.A., Triumph Motorcycles Ltd., Jinyi Motor Co. Ltd., Sundiro Honda Motorcycle Co. Ltd., Kymco, Zero Motorcycles Inc., MV Agusta Motor S.p.A., Loncin Holdings Ltd., Norton Motorcycle Company Ltd., Zongshen Industry Group Co. Ltd., Hyosung Motors & Machinery Inc.</b
The motorcycles, scooters and mopeds market report table of contents includes:
1. Executive Summary
2. Motorcycles, Scooters and Mopeds Market Characteristics
3. Motorcycles, Scooters and Mopeds Market Trends And Strategies
4. Motorcycles, Scooters and Mopeds Market – Macro Economic Scenario
5. Global Motorcycles, Scooters and Mopeds Market Size and Growth
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32. Global Motorcycles, Scooters and Mopeds Market Competitive Benchmarking
33. Global Motorcycles, Scooters and Mopeds Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Motorcycles, Scooters and Mopeds Market
35. Motorcycles, Scooters and Mopeds Market Future Outlook and Potential Analysis
36. Appendix
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