World Motorcycles Market Up A Shy 0.9% In Q1 2024 Pushed Up By Indian Market

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Triumph 400
Triumph 400

Global Motorcycles Industry keeps growing in 2024. After the first quarter global sales of scooter, moped and motorcycles have been 15.3 million (+0.9%) although impacted by two negative trends, the falls of the electric segment and the Chinese market.

 

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.

Following the previous three years increase, the global motorcycles market confirm at the start of the 2024 the positive momentum while with mixed trend.

After the first quarter global sales of scooter, moped and motorcycles have been 15.3 million (+0.9%) although impacted by two negative trends.

The market is pulled ahead by the strong momentum in India, the largest market, which ended the Q1 up a huge +20.6% (and further increased in April) and is growing in Europe, Latin America, North America and Pacific

However, it is sharply declining in China and losses in single digit in the ASEAN. with 7 out of the 8 countries reporting red figures. 

The moderate industry growth is due to demand for traditional combustion engines, while the electric segment, expected to drive up the entire sector is now dragging it down, with Q1 global sales reported down 37.3%, mainly due to the fall in the Chinese market, but with a negative trend reported in the most of the countries.

Below the Top 20 Market Ranking (by clicking on the country you have access to its report):

India      4,563,416 20.6%
China      3,712,540 -16.2%
Indonesia      1,784,601 -3.9%
Vietnam         660,459 -5.9%
Philippines         593,018 -8.7%
Thailand         454,796 -11.2%
Brazil         430,510 21.2%
Mexico         335,581 3.9%
Pakistan         248,483 -14.3%
Turkey         242,586 111.4%
Colombia         178,032 -0.8%
Taiwan         177,724 -4.1%
Malaysia         135,717 -20.0%
USA         126,250 0.4%
Bangladesh         125,842 9.0%
Cambodia         111,217 -15.8%
Argentina            92,744 -25.4%
Japan            92,165 -9.1%
Italy            85,103 2.7%
Guatemala            76,371 -7.9%

 

Damon-Motorcycles
Damon-Motorcycles