According to the statistics，In 2024, the global motorcycle industry（including only 2/3 wheeler in the scooter, underbone, moped and motorcycles category） achieved a record-breaking 61.8 million units sold, surpassing the previous peak in 2018 and recovering nearly 10 million sales since the downturn in 2020. This remarkable growth is projected to continue into the next decade.
- 1. Honda 19.4 million +6%
- 2. Hero MotoCorp 5.9 million +6.9%
- 3. Yamaha 4.6 million +4.2%
- 4. Yadea 4.3 million -13.0%
- 5. TVS Motor 3.7 million +12.6%
- 6. Bajaj Auto 3.1 million +9.3%
- 7. Suzuki 2.0 million +6.1%
- 8. Italika 1.3 million +35.8%
- 9. Zongshen 1 million +3.4%
- 10. Royal Enfield 948.000 +5.1%
The Best-Selling Motorcycle Brands in The World 2023
NO1. Honda
Leading the market, Honda maintained its dominant position for the 50th consecutive year, capturing 32% of the global market share with 19.4 million units sold, marking a 6% increase from the previous year.
Notably, Honda experienced significant growth in Bosnia (+127.9%), Albania (+112%), and Ukraine (+100.8%).
NO2. Hero MotoCorp
Indian motorcycle manufacturer Hero MotoCorp secured the second spot with 5.9 million units sold, reflecting a 6.9% rise. The company’s expansion was particularly strong in Costa Rica (+184%), Nigeria (+184%), and Sri Lanka (+54.3%).
This growth was driven by increased sales of mid-range models like the “Xtreme 125R,” which saw a 53% surge, offsetting weaker sales in entry-level segments.
NO3. Yamaha
Yamaha claimed third place with 4.6 million units sold, a 4.2% uptick. The brand saw remarkable growth in Mongolia (+268.9%), Turkey (+87.3%), and Romania (+86.9%).
NO4. Yadea
The Chines Motorcycle Manufacturer, Electric vehicle specialist Yadea ranked fourth, selling 4.3 million units despite a 13% decline, with notable market expansion in Cambodia, Pakistan, and Moldova.
NO5. TVS Motor
TVS Motor, another Indian manufacturer, secured fifth place with 3.7 million units sold, a 12.6% increase. The company’s growth was prominent in Sri Lanka, Germany, and Ukraine.
NO6. Bajaj Auto
Bajaj Auto followed in sixth with 3.1 million units sold, marking a 9.3% rise. Strong domestic performance and expanding markets in South Africa (+227%), Brazil (+168%), and Nigeria (+76.5%) contributed to this growth.
NO7. Suzuki
Suzuki occupied the seventh position with 2 million units sold, a 6.1% increase.
NO8. Italika
Mexican brand Italika experienced the fastest growth among the top manufacturers, with sales rising by 35.8% to 1.3 million units, securing the eighth spot.
NO9. Zongshen
The Chinese Motorcycle manufacturer Zongshen ranked ninth with 1 million units sold, a 3.4% increase.
NO10. Royal Enfield
Rounding out the top ten, Royal Enfield sold 948,000 units, reflecting a 5.1% growth.
This was driven by strong sales of higher-capacity models like the Himalayan and Interceptor 650, which saw over a 36% increase, particularly among urban consumers.
Overall, the motorcycle industry demonstrated robust growth in 2024, with emerging markets and diversified model offerings playing pivotal roles in the success of leading manufacturers.
The Best-Selling Motorcycle Brands in The World 2023
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