Press release
Future Perspective: Key Trends Shaping the Motorcycle and Bicycle Market Up to 2030
Motorcycle And Bicycle Market
Forecast of Motorcycle and Bicycle Market Size Through 2030
The motorcycle and bicycle market is anticipated to experience strong growth, reaching a valuation of $114.42 billion by 2030. This growth corresponds to a compound annual growth rate (CAGR) of 5.2% during the forecast period. Key factors fueling this expansion include the increasing adoption of electric two-wheelers, development of cycling infrastructure, heightened environmental awareness, the rise of shared mobility solutions, and advancements in battery technology. Prominent trends expected to influence the market encompass the growing popularity of electric motorcycles, rising demand for urban commuter bicycles, expansion of e-bike product ranges, a focus on designing lightweight vehicles, and the growth of online sales channels.
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Top Players Leading the Motorcycle and Bicycle Market
Several major companies dominate the motorcycle and bicycle industry, each contributing through innovation and extensive product portfolios. Some of the key market players 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.
Innovative Trends Shaping the Motorcycle and Bicycle Market
Leading companies in this market are increasingly focusing on electric two-wheelers (E2Ws) to promote sustainability and reduce emissions. These electric motorcycles and bicycles are powered by electric motors paired with rechargeable lithium-ion batteries, providing advantages such as quiet operation, instant acceleration, lower energy costs, and reduced maintenance requirements.
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For example, in September 2025, Japan's Honda Motor Co. Ltd introduced the Honda WN7, an electric motorcycle designed for daily commuting and street riding. This model features a fixed lithium-ion battery with a range exceeding 130 kilometers per charge, fast charging capability via CCS2 (charging from 20% to 80% in about 30 minutes), a 5-inch thin-film transistor (TFT) display with smartphone connectivity, and selectable riding modes that balance performance with efficiency. The Honda WN7 offers an environmentally friendly alternative to traditional internal combustion motorcycles, reducing operational expenses and providing a practical option for urban and medium-distance travel where charging infrastructure is accessible.
Breakdown of the Motorcycle and Bicycle Market Segments
This report segments the motorcycle and bicycle market as follows:
By Type
- Motorcycles and Parts
- Bicycles and Parts
- Motor Scooters
- Other Motorcycle and Bicycle
By Propulsion Type
- Internal Combustion Engine (ICE)
- Electric
By Distribution Channel
- Independent Retailers
- Online Sales
Further subcategories include:
For Motorcycles and Parts: cruiser motorcycles, sport motorcycles, touring motorcycles, standard motorcycles, dirt bikes, electric motorcycles, and motorcycle parts such as engines, tires, and frames.
For Bicycles and Parts: road bicycles, mountain bicycles, hybrid bicycles, electric bicycles (e-bikes), and bicycle components like wheels, tires, and handlebars.
For Motor Scooters: gas-powered motor scooters, electric motor scooters, and off-road scooters.
For Other Motorcycle and Bicycle Types: tricycles, mopeds, and folding bicycles.
This comprehensive segmentation highlights the diversity within the motorcycle and bicycle markets, catering to various consumer needs and preferences worldwide.
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