The number of unit sales is forecast to experience significant growth in all segments in 2029. As part of the positive trend, the indicator achieves the maximum value across all two different segments by the end of the comparison period. Notably, the segment On-road Motorcycles stands out with the highest value of 12.55 million motorcycles.
Data provided by Statista Market Insights are estimates.
The Motorcycles Market provides information about motorcycles and their respective makes. It excludes passenger cars, commercial cars, buses, trucks and large vans as well as utility light utility vehicles. We currently provide information on a make level, but in the future, we would expand our market segmentation to include a segmentation by usage or motorcycle capacity.
Background: The motorcycle industry’s sales are closely connected to economic stability, and dramatic fluctuations, like the financial crisis of the late 2000s, force manufactures to reexamine their strategies and adapt to new market trends. One additional factor that is currently driving changes in the industry is environmental concerns, and this is influencing an increase in the production and use of electric motorcycles.
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Statista Market Insights. (June 11, 2024). Volume in the Motorcycles market for different segments India from 2016 to 2029 (in million motorcycles) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/forecasts/1443019/volume-motorcycles-market-for-different-segments-india
Statista Market Insights. "Volume in the Motorcycles market for different segments India from 2016 to 2029 (in million motorcycles)." Chart. June 11, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/forecasts/1443019/volume-motorcycles-market-for-different-segments-india
Statista Market Insights. (2024). Volume in the Motorcycles market for different segments India from 2016 to 2029 (in million motorcycles). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/forecasts/1443019/volume-motorcycles-market-for-different-segments-india
Statista Market Insights. "Volume in The Motorcycles Market for Different Segments India from 2016 to 2029 (in Million Motorcycles)." Statista, Statista Inc., 11 Jun 2024, https://www.statista.com/forecasts/1443019/volume-motorcycles-market-for-different-segments-india
Statista Market Insights, Volume in the Motorcycles market for different segments India from 2016 to 2029 (in million motorcycles) Statista, https://www.statista.com/forecasts/1443019/volume-motorcycles-market-for-different-segments-india (last visited November 21, 2024)
Volume in the Motorcycles market for different segments India from 2016 to 2029 (in million motorcycles) [Graph], Statista Market Insights, June 11, 2024. [Online]. Available: https://www.statista.com/forecasts/1443019/volume-motorcycles-market-for-different-segments-india