World Motorcycles Industry shines. Based on the registrations data collected across the 90 countries, in 2023 global two wheeler sales (motorcycles, scooter and registered moped) have been 62.6 million (+2.7%).
McD tracks new motorcycles registrations in over 90 different markets, representing the 99.4% of the global motorcycles industry (including categories like ATVs/RUV, Tuk-tuk and – of course – 2/3 wheelers). So, we report on REAL historical data and our forecast are based on facts and data. We do not sell “Market Research”, but REAL data in excel plus our Senior Partners consulting and expertise in the industry.
The global motorcycles market is in a great shape and in 2023 posted the second best sales volume ever, after the record scored in 2018, when the largest market – India – established its record due one shot effects related with internal laws and regulations.
In 2023 global two wheeler sales (motorcycles, scooter and registered moped) have been 62.6 million (+2.7%), the third growth in a row after the sharp fall in 2020, the year of the covid 19.
The drivers of the success have been key markets in Asia: India overall, with sales up 9.1%, confirming the rule as biggest market in the World, recently reinforced by the growing place gained in the industry by the local manufacturers, with TVS Motor, Royal Enfield, Baiai Auto and Hero performing quite well.
The second driver was Indonesia, the third market as size, able to grew up by 20.2%.
Others roaring markets are Brazil, the 7th in the World and the largest in Latin America, up 21.3% and Turkey, posting an incredible +117.9% and advancing in 11th place in the world.
In a negative note the performance scored by China (-2.4%), Vietnam (-18.1%) and Pakistan (-32.7%).
