Honda Expects to Sell 20.2 Million Motorcycles in 2024 Fiscal Year
Honda expects to sell 20.2 million motorcycles globally in their 2024 fiscal year which ends on 31 March 2025.
Should that come to be, it represents an 8% increase from the 2023 fiscal year, which saw the sales of 18.7 million units.
The number equates to almost 40 percent of the world’s motorcycle market. The largest contributor is expected from where else but Asia, more specifically in Indonesia, Thailand, India, and Vietnam. This region alone will see some 17.1 million sales (84.6 percent).
Other markets such as Japan, Europe, and the USA will make up a combined 1.2 million motorcycles (5.9 percent).
Honda produces motorcycles of all shapes and sizes, thus is able to find demand in any market. The smaller capacity motorcycles rule South East Asian streets, while the larger capacity models are the staple in the European and North American continents.
The company is setting their sights on the South West Asian region where 50 million motorcycles had been sold.
By the way, just for comparison, BMW Motorrad sold 210,408 bikes in 2024. So, that means Honda will sell 100 more than that.
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