Emerging Growth Patterns Driving Expansion in the Motorcycle and Bicycle Market

The motorcycle and bicycle market is on the verge of notable expansion as it adapts to shifting consumer preferences and technological progress. Increasing interest in eco-friendly transportation and urban mobility solutions is setting the stage for significant growth in this sector. Below, we explore the market's size projections, key players, emerging trends, and the main segments shaping its future.

Projected Expansion of the Motorcycle and Bicycle Market by 2030
The motorcycle and bicycle market is expected to experience substantial growth over the coming years, reaching a valuation of $114.42 billion by 2030. This growth corresponds to a compound annual growth rate (CAGR) of 5.2%. Factors driving this uptrend include the rising acceptance of electric two-wheelers, development of cycling infrastructure, heightened environmental consciousness, growth in shared mobility platforms, and technological advancements in battery technology. Key market trends during the forecast period are the increasing popularity of electric motorcycles, stronger demand for urban commuter bicycles, broadening of e-bike product portfolios, greater emphasis on lightweight vehicle designs, and the expanding presence of online sales channels.

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Top Companies Leading the Motorcycle and Bicycle Market
Several influential companies play a significant role in shaping the motorcycle and bicycle market landscape. These 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, 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, and Mando Corporation. These leaders are at the forefront of innovation, product development, and market expansion.

Emerging Trends Shaping the Motorcycle and Bicycle Industry
The industry is witnessing a strong focus on electric two-wheelers (E2Ws) as manufacturers strive to improve sustainability, cut emissions, and reduce operational costs. These electric motorcycles and bicycles are powered by electric motors paired with rechargeable lithium-ion batteries, offering smooth acceleration, quiet operation, and lower maintenance demands compared to traditional vehicles.

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For example, in September 2025, Honda Motor Co. Ltd introduced the Honda WN7, an electric motorcycle tailored for daily commuting and street use. It features a fixed lithium-ion battery with an estimated range exceeding 130 kilometers per charge, supports CCS2 fast charging (charging from 20% to 80% in about 30 minutes), and includes a 5-inch TFT display with smartphone connectivity. Additionally, it offers selectable riding modes to optimize performance or energy efficiency. This model exemplifies how electric motorcycles are providing practical, eco-friendly alternatives to conventional internal combustion motorcycles, especially in areas with available charging infrastructure.

Key Segments Defining the Motorcycle and Bicycle Market
This report categorizes the motorcycle and bicycle market into distinct segments for a detailed view:
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

Breaking down further:
- Motorcycles and Parts include Cruiser Motorcycles, Sport Motorcycles, Touring Motorcycles, Standard Motorcycles, Dirt Bikes, Electric Motorcycles, and Motorcycle Parts such as engines, tires, and frames.
- Bicycles and Parts comprise Road Bicycles, Mountain Bicycles, Hybrid Bicycles, Electric Bicycles (E-bikes), alongside bicycle components like wheels, tires, and handlebars.
- Motor Scooters are divided into Gas-powered Motor Scooters, Electric Motor Scooters, and Off-road Scooters.
- The Other Motorcycle and Bicycle category covers Tricycles, Mopeds, and Folding Bicycles.

This segmentation provides a comprehensive framework to understand the diverse products and propulsion technologies fueling the market's growth and innovation.

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