Get A List of the Top 10 Bike Brands in the world in 2024
The People who can’t afford spaciously and luxury cars will look for motorcycles. There are many advantages of having a bike, especially in countries like India where traffic is always at its peak. The motorcycle manufacturing sector has also vast advancements and profits in all parts of the world. Some of the well-known brands are Yamaha, Honda, Piaggio, etc.
Here is the list of the Top 10 bike brands in the world in 2024-
Valuation: $510 Billion
Suzuki Motor Corporation is a Japanese Automobile company headquartered in Minami-Ku, Hamamatsu. The company’s major market segment includes Automobiles, Motorcycles, marines, and Power Products. In the motorcycle segment, the company focuses on the 150cc and upwards segment in addition to the sports categories. The company witnessed a decline both in its production and sales of motorcycles worldwide with the sale going down by 9% while revenue seeing a fall of 11.8% in the same period. The domestic market of Japan saw an overall reduction in motorcycle sales by 6% the previous year with Suzuki managing a rise in the sale by 3% in the same period.
9. Royal Enfield
Valuation: $ 1080 Billion
Eicher Motors Limited is one of the leaders in the Indian Automotive space. The company is having its area of operations in commercial vehicles, and motorcycles through Royal Enfield brands well as in personal utility vehicles. Royal Enfield is one of the oldest motorcycle brands in continuous production and is now a leader in the premium motorcycle segment in India with a share of 95% in the mid-size motorcycle market segment (250cc-750cc).
Piaggio Group is an Italian-based company headquartered in Pisa, Italy. The company also has a research and development center in California, the USA by the name Piaggio Group Advanced Design Center. The company has gained a 9.3% increase in the total sale of its two-wheeler accounting for its total net sale to reach 3,76,000 units. This has accounted for total revenue of $1,176 billion which is a 3.7% rise from the previous year.
Valuation: $2060 Billion
KTM AG is a renowned name in the Powersports vehicles where it has a reputation for producing innovative and trend-setting vehicles on a regular basis. This is a premium manufacturer of high-performance motorcycles for both off-road and street use, and the company has its headquarters and research and development center in Mattighofen, Austria.
The company is owned together by KTM Industries AG and Bajaj Auto. The company operates through the following subsidiaries, KTM Sportmotorcycle GMBH, Husqvarna Motorcycle GMBH, KTM Sportcar GMBH, KTM Technologies GMBH, and KTM Immobilien GMBH with minority stakes in W Verwaltungs AG. With a market share of 10% in Europe and 8% in the USA, KTM AG has already become the largest European Motorcycle Manufacturer.
Valuation: $ 2170 Billion
TVS Motor Company is the largest company among the 90 companies of the TVS group in terms of size and revenue. TVS group comprises companies dealing in the areas of finance, automobiles, aviation, education, insurance, electronics, textiles, investment, housing, services, and logistics. The company is the third-largest two-wheeler manufacturer in India and is a global leader in motorcycles.
TVS Motors has recorded a double-digit growth both in sales as well as revenue of its motorcycles and two-wheelers divisions. Having been ahead of the industrial performance for three consecutive years, the company is raising bars for itself and its competitors every year. The company has a production capacity of 3.2 million every year.
BMW AG is the parent company of the BMW group which is a global leader in cars & motorcycles. The company is based in Munich, Germany and its area of business lies mostly in Automobiles, Engines, products of machinery and the Metal Working Industry as well as it deals in the services of them all. This is a significant 13.2% rise. This increase in sales was because of the dynamic rise in motorcycle sales in the Europe market with France having a 24.4% jump in its sales volume making it one of the top bile brands.
Italy and Spain also witnessed double-digit growth. However, there was a drop in sales in the USA. The period witnessed the launch of six new motorcycle models and five revised models by the company.
4. Bajaj Auto
Valuation: $3660 Billion
Bajaj Auto is an India-based manufacturing company having its headquarters in Pune, India. Bajaj Auto has witnessed a decline of 4.3% in its sales volume but a rise of 5% percent in its revenue, and still remains one of the global bike brands. In fact, the company has not witnessed much growth in its motorcycle division in the last 4 years.
Being the second largest motorcycle manufacturer in India and the fourth largest in the world in terms of revenue and volume, the company’s downward sloping growth curve is a reason to ponder for its top management. The company’s export market has also taken a hit, with its motorcycle export degrowing by 16%.
3. Hero Moto Corp
Valuation: $3700 Billion
Hero is one of the biggest brands in the Indian market having around 40% of the market share in the two-wheeler market and more than 50 percent market share in the motorcycle market in India. The company in total has six manufacturing facilities, out of which five are in India and one is in Columbia. Further, the company is also expected to start its seventh manufacturing plant in Bangladesh & has expanded its global presence in 35 different countries and it continues to grow.
The company’s leadership lies in the 100-125cc motorcycles. However, the company is trying to get into the premium segment which has seen a rise of about 20 Billion Dollars the previous year. Owing to the local political and economic factors, the exports of two-wheelers saw a decline of about 5.9%.
2. Harley Davidson
Valuation: $5.3 Billion
Harley Davidson is a USA-based Company, which has made significant contributions in the field of motorcycles. The company was founded in the year 1903 in the city of Wisconsin and since then become a cult motorcycle brand. The company has an aim of creating a bike brand that is recognized across the world and has a strong presence with its masculine body & performance. The company’s revenue decreased by 12% to $5.3B.
Harley Davidson has a presence in more than 100 countries, and it has acquired companies to grow further. The company has a huge employee base and operates in over 100 countries. The brand has invested a lot in development and has also got the results due to the same.
Valuation: $ 13.30 Billion
Honda Motor Company Limited was founded in the year 1946 and is headquartered in Minato, Japan. It provides employment to 2,00,000 people. CB series, Superclub, Beat, Mothra, Moped, Shine, and Unicorn are some of its popular bikes.
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