Global Motorcycles Industry keeps growing in 2024. After the first six months, the global sales of scooter, moped and motorcycles have been 32.7 million (+5.1%).
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 economy is continuing growing at a modest pace, according to the OECD’s latest Economic Outlook. The Economic Outlook projects steady global GDP growth of 3.1% in 2024, the same as the 3.1% in 2023, followed by a slight pick-up to 3.2% in 2025.
The impact of tight monetary conditions continues being felt, particularly in housing and credit markets, but global activity is proving relatively resilient, the decline in inflation continues, and private sector confidence is improving.
The OECD unemployment rate stood at 4.9% in February, close to its lowest levels since 2001. Real incomes are rising in many OECD countries as inflation moderates, and trade growth has turned positive. The outlook continues to differ across countries, with weaker outcomes in many advanced economies, especially in Europe, and strong growth in the United States and many emerging market economies.
In this economic environment and following the previous three years increase, the global motorcycles market confirmed in the first half 2024 the positive momentum while with mixed trend.
After the first six months, the global sales of scooter, moped and motorcycles have been 32.7 million (+5.1%).
The market is pulled ahead by the strong momentum in India, the largest market, which ended the H1 up a huge +21.5% and is growing in Europe, Latin America, North America and Pacific.
However, it is declining in China and losses in single digit in the ASEAN, with 6 out of the 8 countries in the region reporting red figures.
The industry growth is driven by the demand for traditional combustion engines, while the electric segment, expected to drive up the entire sector, is now dragging it down, with H1 global sales reported down 0.8%.
