Motorcycles - APAC

APAC

The Motorcycles market in APAC is projected to reach a revenue of US$98.38bn in 2024.
It is expected to demonstrate a compound annual growth rate (CAGR 2024-2029) of 3.12%, resulting in a projected market volume of US$114.70bn by 2029.
The largest segment in the market is On-road Motorcycles, which is expected to have a market volume of US$66.75bn in 2024.
The unit sales of Motorcycles market in the market are estimated to reach 51.48m motorcyles in 2029.
The volume weighted average price of Motorcycles market in 2024 is projected to be US$2.08k.
In terms of market share, 30.9% is expected to have the highest share in the selected region, with 30.9% of motorcycle unit sales in 2024.
The value market share of the make 30.9% in the selected region is expected to stand at 30.9% in 2024.
When considering international markets, India is anticipated to generate the highest revenue of US$32,110.00m in 2024.
In the APAC region, Japan continues to lead the motorcycles market with its strong focus on innovation and high-quality manufacturing.

Key regions: Thailand, Italy, Indonesia, Spain, Germany

Market

Make

Region

Region comparison

Currency

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on motorcycle sales and revenue excluding scooters/mopeds under 50cc category.

Modeling approach / Market size:

Market sizes are determined by a Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use manufacturer websites, national statistics offices, motorcycle associations, motorcycles sales websites. Next we use relevant key market indicators and data from country-specific associations such as GDP per capita, consumer price index, consumer spending, and population. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, the forecasting is done on a make level for Motorcycles, using a mix of standard approaches, e.g., exponential smoothing, and uses parameters which best fit the historical data. The main drivers are GDP per capita, consumer price index, consumer spending, and population.

Additional Notes:

The market is updated once a year.