Honda is the world’s best-selling motorcycle manufacturer, and their CG125 model has been prevalent, especially in developing countries. Hero MotoCorp, Yadea, Yamaha, and Bajaj Auto also hold significant positions in the global motorcycle market.
Here are some key points about the world best selling motorcycle ranking in 2023:
- Honda is the world’s best-selling motorcycle manufacturer, with the CG125 being their most popular model.
- Hero MotoCorp is the second-largest manufacturer, followed by Yadea, Yamaha, and Bajaj Auto. These five manufacturers account for over half of the global motorcycle market.
- The motorcycles on this list are all relatively affordable and fuel-efficient, which makes them popular in developing countries. They are also popular in urban areas, where they are a convenient way to get around.
Here are some additional key points:
- The global motorcycle market is expected to grow by 3.5% in 2023, reaching a value of $90 billion.
- The Asia-Pacific region is the largest motorcycle market in the world, accounting for over half of global sales.
- China is the largest motorcycle market in the world, followed by India and Indonesia.
- The most popular motorcycle segment in the world is the 125cc segment, which accounts for over a third of global sales.
- The average price of a motorcycle in the world is $1,500.
- Motorcycles are a major source of transportation in many developing countries, where they are often used as a primary means of transportation.
- Motorcycles are also popular in developed countries, often used for commuting and recreation.
|Sales (in millions) units
Top 10 Best selling motorcycles in 2023
These five manufacturers have gained popularity due to their affordable pricing, fuel efficiency, and convenience for urban transportation. In developing countries, motorcycles often serve as an accessible and cost-effective mode of transportation, particularly in crowded urban areas where navigating through traffic can be easier on a motorcycle compared to a car.
While most motorcycles on the list are designed for everyday commuting and general use, high-performance models are also available.
The dynamics of the motorcycle market can change over time due to various factors, such as technological advancements, market demands, and economic conditions. Therefore, it is always a good idea to consult the most recent market information to get the latest insights into the motorcycle industry.
Honda is the world’s best-selling motorcycle manufacturer, with their CG125 model being widely popular. Hero MotoCorp, Yadea, Yamaha, and Bajaj Auto also have significant market shares and contribute to the global motorcycle market. These manufacturers offer affordable and fuel-efficient motorcycles, making them particularly appealing in developing countries and urban areas.