Key Influencer in the Motorcycle And Bicycle Market 2025: Rising Health Consciousness Fuels Growth In The Motorcycle And Bicycle Market Driver

What Is the Forecasted Market Size and Growth Rate for the Motorcycle And Bicycle Market?
In recent times, there has been a robust growth in the size of the motorcycle and bicycle market. The market, which stood at $82.22 billion in 2024, is projected to escalate to $87.53 billion in 2025, translating to a compound annual growth rate (CAGR) of 6.5%. Factors such as economic development, increasing urbanization, rising concerns about the environment, and fluctuating fuel prices have contributed to the growth observed in the historical period.

In the coming years, the motorcycle and bicycle market is anticipated to experience robust growth. The market is predicted to escalate to $106.85 billion in 2029, with a compound annual growth rate (CAGR) of 5.1%. Numerous factors such as urban mobility solutions, fitness and health, regulatory changes, and growth in e-commerce and delivery services are contributing to this progression in the forecasted period. The forecast period will also see major trends like collaboration and partnerships, digitalization and connectivity, electrification and lightweighting, also the use of advanced materials and additive manufacturing.

What Factors Are Propelling the Expansion of the Motorcycle And Bicycle Market?
The growth in awareness towards health and wellness is anticipated to propel the motorcycle and bicycle market further. This consciousness to health signifies an individual's understanding and strategic approach to enhance and sustain their health and physical fitness, incorporating various behaviors, viewpoints, and beliefs regarding physical health, diet, and lifestyle preferences. An escalating consciousness of health is driven by factors including an increasing occurrence of diseases related to lifestyle, such as obesity, diabetes, and heart conditions, boosting enlightenment about the value of a healthy lifestyle. Motorcycles and bicycles present an excellent option for those who are health-conscious, with bikes particularly well-regarded for their contribution to fitness, while motorcycles are utilized by a few for entertainment as part of an active outdoor lifestyle. For example, a survey done by the US-based non-profit organization, International Food Information Council, in May 2022 among 1,005 American adults aged 18-80 and Gen Z adults aged 18-24, found that approximately 52% of respondents adhered to a precise diet or eating regimen, an increase from 39% in 2021. Moreover, the preferred selections included clean eating (16%), mindful eating (14%), and calorie counting (13%). Thus, the escalating health-consciousness is boosting the motorcycle and bicycle industry.

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Which Businesses Are at the Forefront of Motorcycle And Bicycle Market Development?
Major companies operating in the motorcycle and bicycle market include EXOR Group, Robert Bosch GmbH, Aisin Seiki Co Ltd, Toyota Motor Corp, Denso Corp., Schaeffler Technologies AG & Co KG, Continental AG, Gestamp Automoción, Tata Motor Group, Dana Incorporated, Magna International Inc., ZF Friedrichshafen AG, Hyundai Motor Company, GKN Ltd., BorgWarner Inc., Valeo SA, JTEKT Corporation, Mahle GmbH, Autoliv Inc., Hitachi Automotive Systems Ltd., Nexteer Automotive Group Limited, American Axle & Manufacturing Holdings Inc., Tenneco Inc., Lear Corporation, Faurecia SA, Benteler Automotive Corporation, Linamar Corporation, Rheinmetall Automotive AG, Mando Corporation, WABCO Holdings Inc., Allison Transmission Holdings Inc., Cummins Inc., Eaton Corporation plc.

What Are the Latest Innovations in the Motorcycle And Bicycle Market?
Bike manufacturers are progressively investing more into the creation of electric bikes running on rechargeable batteries. These electric bikes are seen as an environmentally-friendly and economical means of transportation, plus they can be utilized for leisure bike rides, shopping, or running errands. Big market players are also investing in technologically advanced electric bicycles fitted with features like GPS and internet connectivity. As an example, Ducati, a motorcycle manufacturer, released its first folding electric bike, the MG20, in 2022. Likewise, an Indian-based company in the electric mobility sector has launched a new generation of electric bikes.

How Is the Motorcycle And Bicycle Market Segmented?
The motorcycle and bicycle market covered in this report is segmented -

1) By Type: Motorcycles And Parts, Bicycles And Parts, Motor Scooters, Other Motorcycle And Bicycle
2) By Propulsion Type: Internal Combustion Engine (ICE), Electric
3) By Distribution Channel: Independent Retailers, Online Sales

Subsegments:
1) By Motorcycles And Parts: Cruiser Motorcycles, Sport Motorcycles, Touring Motorcycles, Standard Motorcycles, Dirt Bikes, Electric Motorcycles, Motorcycle Parts (Engines, Tires, Frames)
2) By Bicycles And Parts: Road Bicycles, Mountain Bicycles, Hybrid Bicycles, Electric Bicycles (E-bikes), Bicycle Parts (Wheels, Tires, Handlebars)
3) By Motor Scooters: Gas-powered Motor Scooters, Electric Motor Scooters, Off-road Scooters
4) By Other Motorcycle And Bicycle: Tricycles, Mopeds, Folding Bicycles, All-terrain Vehicles (ATVs)

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Where Is the Motorcycle And Bicycle Market Growth Most Prominent?
Asia-Pacific was the largest region in the motorcycle and bicycle market in 2023. Western Europe was the second-largest region in the motorcycle and bicycle market. The regions covered in the motorcycle and bicycle market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

What Is Covered In The Motorcycle And Bicycle Global Market Report?

- Market Size Analysis: Analyze the Motorcycle And Bicycle Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Motorcycle And Bicycle Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Motorcycle And Bicycle Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Motorcycle And Bicycle Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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