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Motorcycles - Australia & Oceania

Australia & Oceania
  • The Motorcycles market in Australia & Oceania is projected to reach a revenue of US$1.21bn in 2024.
  • It is expected to experience an annual growth rate (CAGR 2024-2029) of 1.55%, resulting in a projected market volume of US$1.30bn by 2029.
  • The largest segment in this market is On-road Motorcycles, with a projected market volume of US$820.80m in 2024.
  • The unit sales of Motorcycles market are expected to reach 123.60k motorcyles in 2029.
  • The volume weighted average price of Motorcycles market in Australia & Oceania is expected to be US$10.43k in 2024.
  • Honda Motorcycles is projected to have the highest market share in the selected region, with a motorcycle unit sales share of 23.2% in 2024.
  • The value market share of Honda Motorcycles in the selected region is expected to stand at 17.8% in 2024.
  • From an international perspective, India is expected to generate the highest revenue in the Motorcycles market, amounting to US$32.11bn in 2024.
  • The motorcycle market in Australia is experiencing a surge in demand for electric bikes, driven by increasing environmental consciousness and government incentives.

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.

In-Scope

  • Motorcycles
  • Scooters
  • Mopeds > 50cc

Out-Of-Scope

  • Mopeds < 50cc
  • Buses, Vans and Trucks
Motorcycles: market data & analysis - Cover

Market Insights report

Motorcycles: market data & analysis

Study Details

    Unit Sales

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Motorcycles market in Australia & Oceania is witnessing significant growth and development, driven by various factors such as customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Motorcycles market in Australia & Oceania are shifting towards more fuel-efficient and environmentally friendly options. With increasing concerns about climate change and rising fuel costs, customers are increasingly opting for motorcycles that offer better fuel efficiency and lower emissions. This trend is driving the demand for electric motorcycles and hybrid motorcycles in the region. Additionally, customers are also looking for motorcycles that offer advanced safety features, comfortable riding experience, and stylish designs. Trends in the Motorcycles market in Australia & Oceania are also shaping its development. One of the key trends is the growing popularity of adventure motorcycles. Adventure motorcycles are designed for both on-road and off-road riding, making them ideal for exploring the diverse landscapes of Australia & Oceania. The region's vast and scenic terrains, including mountains, deserts, and coastlines, attract motorcycle enthusiasts who seek thrilling adventures. As a result, motorcycle manufacturers are introducing new models and features specifically tailored to the adventure riding segment. Another trend in the market is the increasing demand for electric motorcycles. As governments and consumers become more conscious of environmental issues, the demand for electric vehicles, including motorcycles, is on the rise. Electric motorcycles offer zero emissions, lower operating costs, and reduced noise pollution. This trend is supported by advancements in battery technology, which have improved the range and performance of electric motorcycles. Local special circumstances also play a role in the development of the Motorcycles market in Australia & Oceania. The region's geography and climate present unique challenges and opportunities for motorcycle manufacturers. For example, Australia has vast distances between cities and towns, making motorcycles a practical and efficient mode of transportation. Additionally, the region's warm climate and scenic routes make it a popular destination for motorcycle tourism, attracting both domestic and international riders. Underlying macroeconomic factors also contribute to the development of the Motorcycles market in Australia & Oceania. Economic growth, rising disposable incomes, and urbanization are driving the demand for motorcycles as a means of transportation and leisure. As the region's economies continue to develop, more people are able to afford motorcycles, leading to increased sales and market expansion. In conclusion, the Motorcycles market in Australia & Oceania is experiencing growth and development due to changing customer preferences, emerging market trends, local special circumstances, and underlying macroeconomic factors. The shift towards fuel-efficient and environmentally friendly options, the popularity of adventure motorcycles, the increasing demand for electric motorcycles, the region's unique geography and climate, and economic growth are all contributing to the market's evolution.

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Price

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Oct 2024

    Source: Statista Market Insights

    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.

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    Motorcycles: market data & analysis - BackgroundMotorcycles: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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    Motorcycle industry in the United States - statistics & facts

    With the first U.S. model produced by the Metz Company in 1898, two-wheelers have become a staple in the United States and global vehicle market. The global motorcycle market was estimated to grow from over 133 billion U.S. dollars to some 136 billion in 2023 as the market continued to recover from the revenue drop recorded at the onset of the COVID-19 pandemic. This rebound somewhat dampened amid supply chain issues in 2022.
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