Entire world Bikes Market shines. Based mostly on the registrations knowledge collected throughout the 90 nations around the world, in 2023 global two wheeler income (motorcycles, scooter and registered moped) have been 62.6 million (+2.7%).
McD tracks new bikes registrations in more than 90 distinctive markets, representing the 99.4% of the international motorcycles sector (including categories like ATVs/RUV, Tuk-tuk and – of course – 2/3 wheelers). So, we report on Authentic historic information and our forecast are centered on info and knowledge. We do not market “Sector Exploration”, but Authentic information in excel furthermore our Senior Companions consulting and abilities in the industry.
The international bikes market is in a great condition and in 2023 posted the next ideal revenue volume ever, following the history scored in 2018, when the premier current market – India – set up its record because of a single shot consequences linked with inner legal guidelines and regulations.
In 2023 world wide two wheeler revenue (bikes, scooter and registered moped) have been 62.6 million (+2.7%), the third progress in a row soon after the sharp slide in 2020, the year of the covid 19.
The drivers of the good results have been essential markets in Asia: India over-all, with profits up 9.1%, confirming the rule as biggest current market in the Earth, just lately strengthened by the increasing spot obtained in the field by the regional brands, with TVS Motor, Royal Enfield, Baiai Vehicle and Hero executing very well.
The next driver was Indonesia, the third industry as dimension, ready to grew up by 20.2%.
Many others roaring markets are Brazil, the 7th in the Globe and the greatest in Latin The united states, up 21.3% and Turkey, submitting an extraordinary +117.9% and advancing in 11th spot in the globe.
In a destructive observe the overall performance scored by China (-2.4%), Vietnam (-18.1%) and Pakistan (-32.7%).