62.6 Million Motorcycles Sold Globally in 2023
A total of 62.6 million motorcycles were sold globally in 2023.
It represents the second best record after 2018. The sales volume also represents a 2.7% increase from 2022, and the third year of continuous growth after seeing a sharp decrease in 2020 due to the Covid-19 pandemic.
Once again, it was the Asian market that drove the increase.
India contributed the highest number of sales, and an increase of 9.1% among their local manufacturers TVS Motor, Royal Enfield, Bajaj Auto, and Hero. Several other non-Indian brands are also present in the country through partnerships with the local manufactures such as BMW, Triumph, Norton, KTM, et al.
The second biggest market was, no surprise, Indonesia which grew by another 20.2% despite already having the highest number of motorcycles there.
Although these markets grew, several Asian countries showed downturns, as well. Sales dropped in China by -2.4%, Vietnam by -18.1%, and Pakistan a huge -32.7%.
Other growing global markets included Brazil by 21.3%, who ranked 7th globally and the largest in Latin America motorcycle market. Turkey saw an astounding 117.9% growth, moving it to 11th place in the world.
The data was collated by MotorCycles Data who track sales in more than 90 countries. They track actual deliveries to buyers rather than from manufacturers who claim their sales to their dealers.
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