Global Conventional Motorcycles and Scooters Market
Global Conventional Motorcycles and Scooters Market Analysis 2024-2034
The Global Conventional Motorcycles and Scooters Market is forecasted to grow significantly, driven by rising urbanization and demand for cost-effective transportation. The market, valued at USD 138,145.2 million in 2024, is expected to reach USD 200,138.0 million by 2034, growing at a 4.8% CAGR. Increasing fuel prices, rising traffic congestion, and greater consumer preference for compact, efficient vehicles are key drivers shaping the industry’s growth trajectory.
| Attribute | Details |
| Market Size (2024) | USD 138,145.2 million |
| Projected Market Size (2034) | USD 200,138.0 million |
| CAGR (2024–2034) | 4.8% |
Key Market Trends in Global Conventional Motorcycles and Scooters Market
- Rising Demand for Affordable Mobility Solutions
Motorcycles and scooters offer an economical, fuel-efficient alternative to public transport in congested urban areas, making them the preferred choice in both developed and developing economies. - Advanced Features in Two-Wheelers
Original Equipment Manufacturers (OEMs) are integrating technologies such as Anti-lock Braking Systems (ABS), disc brakes, and automatic headlights to enhance safety and appeal to younger consumers. - Preference for High-Engine-Capacity Motorcycles
Increasing disposable incomes and interest in recreational activities, including bike racing and off-roading, are driving demand for motorcycles with larger engine capacities.
Segment Analysis in Global Conventional Motorcycles and Scooters Market
By Product Type:
- Conventional Motorcycles: Dominates the market with a projected 78% share by 2024 due to their sporty designs, longevity, and superior mileage.
- Conventional Scooters: Preferred for their ease of use and affordability, especially among teenagers, women, and senior citizens.
By Engine Capacity:
- Up to 150cc: Holds the majority share due to affordability and fuel efficiency, particularly in developing markets like India and Southeast Asia.
- Above 500cc: Rising demand in developed markets for premium, high-performance motorcycles.
Regional Insights for Global Conventional Motorcycles and Scooters Market
Asia Pacific:
The fastest-growing region, led by India and China, is forecast to grow at a 5.2% CAGR, driven by increasing urbanization and a lack of reliable public transport infrastructure.
Europe:
Known for its premium motorcycle brands, Europe sees steady growth due to rising adoption of advanced safety technologies and recreational bike use.
North America:
The U.S. market, accounting for 15.5% share in 2024, is propelled by an active culture of motorcycle clubs and growing interest in cruiser bikes.
| Region | Market Value (2034) | CAGR (2024–2034) |
| Asia Pacific | USD 90.5 billion | 5.2% |
| Europe | USD 55.8 billion | 4.5% |
| North America | USD 35.7 billion | 3.9% |
Key Growth Drivers for Global Conventional Motorcycles and Scooters Market
- Dual-Income Households
Rising disposable incomes and urbanization are enabling middle-class households to invest in personal two-wheelers for commuting convenience. - Traffic Congestion Solutions
Compact and easy-to-maneuver motorcycles and scooters provide an effective solution to urban traffic issues. - Technological Advancements
Continuous upgrades such as ABS and fuel-efficient designs are enhancing consumer preference for conventional two-wheelers.
Market Challenges in Global Conventional Motorcycles and Scooters Market
- Economic Fluctuations: Price-sensitive markets may be impacted by global economic uncertainty.
- Competition from Electric Two-Wheelers: Growing adoption of electric scooters may limit demand for conventional models.
Competitive Landscape in Global Conventional Motorcycles and Scooters Market
Key market players include Yamaha Motor Co., Ltd., Piaggio & C. SpA, Honda Motor Co., Ltd., Bajaj Auto Ltd., and Harley-Davidson, Inc. These companies focus on innovations, strategic partnerships, and geographic expansions to maintain their market presence.
Recent Developments in Global Conventional Motorcycles and Scooters Market:
- Yamaha Motors launched Moto Business Service India to expand its leasing business in emerging markets.
- Hero MotoCorp introduced the Vida brand, focusing on sustainability and premium offerings.
- Piaggio announced a USD 215 million credit line to bolster production capabilities.
Frequently Asked Questions for Global Conventional Motorcycles and Scooters Market Industry
- What is the projected market size by 2034?
The market is expected to reach USD 200,138.0 million. - Which region leads the market?
Asia Pacific dominates, driven by rising demand in India and China. - What product type holds the highest market share?
Conventional motorcycles are the most preferred, accounting for 78% share.
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