Motorcycles - EMEA

EMEA

In 2024, the projected revenue in the Motorcycles market is estimated to reach US$23.61bn.
This market is expected to demonstrate an annual growth rate of 4.25% (CAGR 2024-2029), resulting in a projected market volume of US$29.07bn by 2029.
Among the various segments in the market, the largest one is On-road Motorcycles, which is projected to have a market volume of US$16.94bn in 2024.
Looking ahead to 2029, the unit sales of Motorcycles market are expected to reach 4.87m motorcyles.
Furthermore, the volume weighted average price of Motorcycles market in the market is anticipated to be US$5.58k in 2024.
In terms of market share, 50.5% is projected to have the highest share of motorcycle unit sales in 2024 within the EMEA region.
Additionally, the value market share of the make 50.5% is expected to stand at 50.5% in the selected region in 2024.
From an international perspective, it is evident that India will generate the most revenue in the Motorcycles market, reaching US$32,110.00m in 2024.
In EMEA, Germany is experiencing a surge in electric motorcycle sales due to increasing environmental awareness and government incentives.

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.