The United Kingdom motorcycle market is evolving with growing interest in electric motorcycles, commuter bikes, and adventure motorcycles. Congestion in major cities has led to a shift toward two-wheelers as an alternative to cars. Government policies promoting low-emission transportation encourage electric motorcycle adoption, while demand for classic and retro-styled bikes remains strong. Major brands such as Triumph, BMW, and Honda dominate sales, with a rising aftermarket for accessories and customizations. The UK’s extensive motorcycle culture and motorsport events continue to support market growth, even as strict Euro 5 emissions regulations reshape manufacturing trends.

Market Analysis 

The motorcycles industry is projected to grow from USD 136.58 million in 2022 to USD 180.94 million by 2030, exhibiting a compound annual growth rate (CAGR) of 4.10% during the forecast period (2024-2030), states the latest Market Research Future (MRFR) report.

The rise in demand for sports bicycles due to the increased use of bicycles in trekking and the rise in consumer inclination towards electric or e-bikes are the key market drivers enhancing the market growth.

Drivers 

Multi-purpose Use of Motorcycles to Boost Market Growth 

The increasing need of motorcycles for different purposes like daily transport, sports, adventure, and others will boost market growth over the forecast period. Owing to customization options and better gas mileage along with advanced features such as bucket seats, unique horns, Bluetooth speaker systems, and others are also adding market growth. 

Opportunities 

Increase in Female Participation in Workforce to offer Robust Opportunities 

Growing incomes coupled with increasing female participation in workforce will offer robust opportunities for the market over the forecast period. 

Restraints and Challenges 

Increase Risk of Road Accidents to act as Market Restraint 

The increased risk of road accidents for motorcyclists may act as market restraint over the forecast period. 

Market Segmentation 

The global motorcycles market is bifurcated based on type. 

By type, the standard segment will lead the market over the forecast period. This is the oldest motorized bike style that uses a combination of advanced technology coupled with a classic design to comfortably place the handles in an upright seat position and the feet remain in a natural position, while the controls and pedals are within reach. These bikes are positioned on the lower part of the power spectrum because these are comfortable and very upfront, making them ideal for beginner bikes. 

COVID-19 Analysis 

The COVID-19 outbreak had a significant impact on the global motorcycle market. The lockdown and government measures due to the crisis have immobilized the retail business of motorcycles across the globe. The global outbreak has disrupted the motorcycles supply chain. The public transport further has motivated the consumers to purchase motorcycles in 2020-2021. Trains, local buses, and other forms of public transport are susceptible to contamination as these are crowded more often. Thus people are opting for private mobility mode with two-wheelers being a highly preferred choice for their convenience and affordability. 

Regional Analysis 

North America to Have Lions Share in Motorcycles Market 

North America will have lions share in the motorcycles market over the forecast period. The US being the epicenter of the world’s third-largest motorcycle market, growing need for a wide array of motorcycles like touring, standard, cruisers, and others, manufacturers focusing on the region, active players opting for aggressive growth strategies, high disposable incomes to invest in premium products, and high demand for customization are fuelling the global motorcycles market growth in the region. The USA will hold the utmost market share. 

Key Players 

Eminent players in global motorcycles market report include Honda Motor Co., Ltd. (Japan), Suzuki Motor Corporation (Japan), Polaris Industries, Inc. (US), Yamaha Motor Co., Ltd. (Japan), Harley-Davidson, Inc. (US), PIERER Mobility AG (Austria), BMW AG (Germany), Kawasaki Heavy Industries, Ltd. (Japan), Triumph Motorcycles (UK), Hero MotoCorp Ltd. (India), Bajaj Auto Ltd. (India), TVS Motor Company (India), Ducati Motor Holding S.p.A. (Italy), and Eicher Motors Limited (India).

Key players have incorporated several strategies to stay at the forefront such as partnerships, mergers and acquisitions, new product launches, and more. 

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