Europe Motorcycle Market Valued at US$ 43.59 Billion in 2023, Anticipated to Grow at a 6.13% CAGR During the Forecast Period

The Europe Motorcycle Market was valued at USD 43.59 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 6.13% from 2024 to 2030, reaching approximately USD 66.12 billion by 2030.

Market Overview

The Europe Motorcycle Market encompasses various types of motorcycles, including Adventure, Cruiser, Mopeds, Sports, Standard, and Touring motorcycles. These motorcycles are generally powered by petrol engines with engine capacities ranging from 125 cc to above 1600 cc. The market's segmentation by motorcycle type and engine capacity provides detailed insights into the varying preferences and needs of European consumers.

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Market Segmentation

By Motorcycle Type:

Adventure
Cruiser
Mopeds
Sports
Standard
Touring

By Engine Capacity:

Up to 150 CC
151-300 CC
301-500 CC
501-800 CC
801-1000 CC
1001-1600 CC
Above 1600 CC

By Geography:

Major markets in Europe include Italy, Germany, the United Kingdom, Russia, France, and the Rest of Europe.

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Market Dynamics
The motorcycle market in Europe is driven by several factors:

Increasing Popularity: Motorcycling is increasingly being seen as a leisure activity, with bike rides being a popular form of rejuvenation. This has led to growing demand for various types of motorcycles, especially cruisers and sports bikes.
Economic Contributions: The motorcycle sector contributes significantly to the European economy, with an estimated GDP contribution of 21 billion euros. The market also provides employment to approximately 389,000 people across various segments, including manufacturing, parts and accessories, and protective gear.
Environmental Benefits: Motorcycles are seen as a more environmentally friendly alternative to cars, emitting significantly less CO2 per kilometer. This environmental advantage is expected to boost motorcycle adoption among eco-conscious consumers.
Cost-Effectiveness: Motorcycles offer a cost-effective commuting solution, with lower annual costs compared to cars. This economic benefit is likely to drive market growth.

COVID-19 Impact
The COVID-19 pandemic negatively impacted the European motorcycle market, particularly in its early stages. However, as economies recover and consumer demand rebounds, the market is expected to regain momentum.

Key Players
The market is highly competitive, with several key players, including:

Aprilia (Italy)
BMW Motorrad (Germany)
Ducati Motor Holding (Italy)
KTM (Austria)
JAWA Moto (Czech Republic)
Husqvarna Motorcycles (Sweden)
MV Agusta (Italy)
Moto Guzzi (Italy)
Piaggio (Italy)

To Know More About The Research Methology:https://www.stellarmr.com/report/req_sample/Europe-Motorcycle-Market/863

Report Highlights
The report provides a detailed analysis of the Europe Motorcycle Market, including market size, growth forecasts, and key trends.
It also includes insights into the competitive landscape, with profiles of major market players and their recent developments.
The report features strategic tools such as Porter's Five Forces Analysis and PESTEL Analysis to help stakeholders understand market dynamics and make informed decisions.

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Key offerings:

Market Share, Size, and Forecast by Revenue|2024-2030
Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
Market Segmentation: A detailed analysis by segments, sub-segments and Region
Competitive Landscape- key Players and Other Prominent key players.

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About Stellar Market Research:

Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

This release was published on openPR.