In this article, we discuss the 15 biggest bike companies in the world. If you want to read about some more bike companies, go directly to 5 Biggest Bike Companies In The World.
A motorcycle is a two-wheeled vehicle, often called a bike, consisting of a metal frame, an engine or an electric motor, and other mechanical and electronic components. It is a popular mode of private transport among the people of both developing and developed societies. The designs of motorcycles are based on the purpose they are built for. For example, sports bikes, cruisers, off-roading, long-distance traveling etc. Similarly, the engine and power capacities may vary, concerning the application. The popularity of motorbikes is mostly due to their cost-effectiveness and fuel consumption. The only downside of this mode of transport is its vulnerability to road accidents.
The current focus of the global motorcycling industry is towards reducing carbon emissions and introducing cleaner and greener technologies, better customer services, research and development, and improving mass production capacity and processes. As the global middle-class population grows, demand for efficient and cheap transportation methods is expected to climb dramatically in the coming years. Motorcycles are becoming more popular as a feasible option; hence, demand for motorcycles and scooters is expected to climb.
The consumer behavior and dynamics of the global markets both can help bike companies in the world redesign their strategies for growth in the future. Affordability and style are becoming the key factors to recapture customer attention. Heavy bikes have a niche market with a small target market; however, affordable and convenient bikes hold more demand today. Notably, there are more than 200 million motorbikes in the world, ranging from simple models to high-end superbikes.
In the year 2021, the global motorcycle market was estimated at $120 billion. With the rise in demand, it reached to about more than $127 billion in the year 2022. Fortune Business Insights predict that the motorcycle market will reach $223 billion by 2029. The Asia-Pacific is the largest market for motorcycles in the world with 8 out of the 10 largest countries by market located in Asia. The largest market in the world is China followed by India and Indonesia. In North America, the US and in Southern America, Brazil makes it to the top of the largest motorbike markets.
The major driving factors of the industry include the rising fossil fuel cost, awareness about cleaner technologies, use of state-of-the-art technology for luxury and the cost-effectiveness of the vehicle. Having small-capacity engines helps in reduced fuel consumption which directly benefits the user in financial terms. Considering developing countries, a bike is thought of as a cheap and effective mode of personal transport. Additionally, related to the point of fossil fuels and rising awareness on the issue of climate change, sales of electric motorcycles are on the rise as well.
Electric bikes are expected to outperform traditional motorbikes in a variety of ways, including fuel efficiency, silent operation, and low noise. Furthermore, as pollution limits tighten, demand for alternative modes of transportation is expected to surge. The current e-motorcycle market stands at about $400 million in the year 2022 which is expected to rise rapidly to more than $1 billion by the year 2027. Furthermore, the use of technology such as antilock braking systems and the introduction of slip clutch systems adds to the safety of the rider.
Despite all the advantages, motorcycles are prone to accidents. The two-wheeler is considered one of the most dangerous modes of road transportation in the world. Every year in the EU 6,800 people die in motorbike accidents. This is one of the restraining factors in the global motorcycle market growth. Some of the top firms working in the bike sector include Harley-Davidson Inc (NYSE:HOG), Ford Motor Company (NYSE:F), and Lightning eMotors, Inc. (NYSE:ZEV), among others discussed in detail below.
Our Methodology
These were picked from a careful assessment of the bike industry. The details of each bike company are mentioned alongside a discussion around top firms in the sector in order to provide readers with some context for their investment decisions.
It is important to clarify that the word bike was used synonymously with motorcycles in this article. Traditional bikes, or cycles, as they are known in some places around the world, were not considered.
15 Biggest Bike Companies In The World
Photo by Zakaria Zayane on Unsplash
Market Capitalization: $1 Billion
Alberto Beggio established the Italian motorcycle company Aprilia in Noale, Italy, immediately following the end of World War II. The business began by making bicycles before transitioning to the production of scooters and small-capacity motorcycles. Beginning with motocross racing and moving on to a world championship-winning road racing programme, Aprilia has maintained a robust motorsport competition programme. Piaggio purchased the business in 2004.
Just like Harley-Davidson Inc (NYSE:HOG), Ford Motor Company (NYSE:F), and Lightning eMotors, Inc. (NYSE:ZEV), Aprilia is one of the biggest bike companies in the world.
Market Capitalization: $900 Million
Currently, KTM, an Austria-based firm, is Europe's top motorbike manufacturer. Nowadays, Pierer Mobility AG and Bajaj Auto jointly own KTM. Despite the pandemic's effects, KTM was still able to sell 212,713 motorcycles in 2020. In the MX2 World Motocross Championship, KTM has won 12 of the last 13 championships. In the Dakar Rally, it has won 18 straight races from 2001 to 2019.
Market Capitalization: $3.5 Billion
The Kawasaki motorcycle and engine company employs about 5,000 people across 12 production and sales divisions in 10 different nations. Their success is largely due to their universality. They serve a variety of clients. They sell motorcycles for a wide range of customers, ranging from $2,300 to $550,000.
Market Capitalization: $737 Million
Triumph is the biggest British motorcycle manufacturing company. Triumph markets and distributes its products through a network of about 700 dealerships and six manufacturing facilities. When its sales reached a height of 60,628 units in 2017, Triumph had the highest level of annual sales. Due in major part to the effects of the pandemic, the company was only able to sell 48,993 motorcycles in the fiscal year 2020 that concluded on June 30 with a turnover of roughly $593.232 million.
Market Capitalization: N/A
Indian Motorcycles was acquired by Polaris in 2011. In addition to a network of over 200 dealers in North America, it has over 300 overseas dealers. 2020 saw a combined 330,000 unit sales for Indian Motorcycle and Polaris Slingshot. The largest market for them was North America, where they sold 190,000 units.
Market Capitalization: $6.8 Billion
Harley-Davidson Inc (NYSE:HOG) became well-known after providing bicycles with motors to American soldiers fighting in the First World War in 1903. As of right now, Harley-Davidson Inc (NYSE:HOG) has a network of 1,379 dealers spread all around the globe. Despite the pandemic's devastating effects on sales, Harley-Davidson Inc (NYSE:HOG) nonetheless managed to sell 180,248 motorcycles in the FY 2020, generating $4.05 billion in revenue. Large displacement cruisers, street motorcycles, and touring motorcycles are their areas of expertise. They don't produce sports bicycles. Harley-Davidson Inc (NYSE:HOG) is far more expensive than some of its rivals, with an average price of $20,338 in 2019.
Market Capitalization: $6.6 Billion
Polaris Inc. (NYSE:PII) is based in Medina, Minnesota, in the United States. Polaris Inc. (NYSE:PII) was established in Roseau, Minnesota, where it continues to maintain facilities for engineering and production. Up until January 2017, Polaris Inc. (NYSE:PII) produced bikes through its Victory Motorcycles subsidiary. Polaris Inc. (NYSE:PII) now produces motorcycles through the Indian Motorcycle subsidiary, which it acquired in April 2011. In 2021, they made total sales of $8.2 billion. Polaris Inc. (NYSE:PII) has been a leader in power sports products since 1954, providing enriching and innovative experiences for people to enjoy outdoor activities. Polaris has forward operations in over 100 countries.
Market Capitalization: $7 Billion
Hero Motocorp Ltd., formerly known as Hero Honda, is based in New Delhi, India, and produces Indian motorbikes and scooters. The largest two-wheeler manufacturer in both India and the world is Hero Motocorp. It has a market share of roughly 46% for two-wheelers in India. Hero Honda Motors was named 108th among the 200 most prestigious companies in the world by Forbes in 2006. The company's market value is more than $7 billion. The prominent bike models it sells include Hunk, Splendor, Glamour, and Deluxe.
Market Capitalization: $8 Billion
With 135 subsidiaries and more than 52,000 personnel, Yamaha Motors, with its headquarters in Iwata, Japan, runs its manufacturing and marketing operations from the island country. With an estimated five million motorcycles sold globally in the 2019 financial year and $15.3 billion in sales revenue, Yamaha has a strong following among enthusiasts of two wheels. After years of development and innovation, Yamaha is now able to provide goods of the greatest caliber at competitive prices. The company was founded in 1955 and holds a strong position in the ASEAN region, with 40% sales, which have been its strength since the 1990s.
Market Capitalization: N/A
Royal Enfield is the oldest global brand of motorcycles who are still in business. The Enfield Cycle Company of Redditch, Worcestershire, England, which created and produced the Royal Enfield Bullet, the longest-lasting motorbike design in history, produced the first Royal Enfield motorcycle in 1901. In 1990, Royal Enfield began working with the Indian automaker Eicher Group, which it later merged with in 1994. Right now, they are based in Chennai, India with annual revenue of over $1.1 billion.
Along with Harley-Davidson Inc (NYSE:HOG), Ford Motor Company (NYSE:F), and Lightning eMotors, Inc. (NYSE:ZEV), Royal Enfield is one of the biggest bike companies in the world.
Click to continue reading and see 5 Biggest Bike Companies In The World.
Suggested Articles:
Disclosure. None. 15 Biggest Bike Companies In The World is originally published on Insider Monkey.
Finding the perfect bike to fit your needs can be a challenge, especially with so many different bike brands available. Fortunately, one way to narrow down your search is to look at what other cyclists are riding.
In this blog post, we'll take a look at the best bike and mountain bike brands based on their Instagram following.We'll explore the most popular bike brands in the UK and beyond, so you can make an informed decision when selecting your new bike. So, if you're looking for a top new bicycle, read on to learn more about the best bike brands based on their Instagram following.
Canyon bicycles is a German company that designs and manufactures a wide range of bikes for different disciplines, including road, mountain, gravel, and e-bikes. The company was founded in 1985 by Roman Arnold and has grown to become one of the largest direct-to-consumer bike brands in the world. Canyon bikes are known for their high-quality construction and innovative design, as well as their competitive pricing.
They offer a wide variety of models to suit different riders, from entry-level to professional, and use advanced materials such as carbon fiber in many of their frames. Overall, Canyon bikes are an excellent choice for anyone looking for a high-performance bike at a reasonable price.
Specialized Bicycle Company is a leading manufacturer of high-performance bicycles and equipment. Founded in 1974 by Mike Sinyard, the company began as a small operation in a garage in California, with Sinyard importing Italian bike parts to sell to local customers.
Today, Specialized has grown into a major player in the cycling industry, with a wide range of products that cater to a variety of disciplines, including road, mountain, gravel, and e-bikes. The company's bikes are known for their cutting-edge technology, high-quality construction, and sleek design.
They also sponsor many professional riders and teams, and it is frequently seen on the podium of the biggest bike races in the world.
Trek Bikes is an American bicycle company that was founded in 1976. Known for their high-quality and durable bikes, Trek offers a wide range of models for different types of riding, including road, mountain, and hybrid bikes. They also have a strong commitment to innovation, using advanced materials and technologies in the design and construction of their bikes.
In addition to their own brand, Trek owns several other well-known bike companies such as Electra and Bontrager. With a focus on performance and a dedication to customer satisfaction, Trek Bikes has established itself as a leading name in the cycling industry.
Santa Cruz Bicycles is a true artisan of the cycling world, crafting some of the most sought-after and high-performing mountain bikes on the market. Founded in the scenic coastal town of Santa Cruz, California, in 1993, the company has built a reputation for blending cutting-edge technology with old-world craftsmanship to create bikes that are not only beautiful but also truly rideable works of art.
From the smooth and nimble handling of the cross-country models to the fearless capabilities of the freeride and downhill bikes, Santa Cruz has something for every type of rider looking for the ultimate riding experience. And with their unwavering commitment to quality and constant innovation, it's no wonder Santa Cruz Bikes continue to be ridden to victory on the world's toughest trails and competitions.
Scott Sports is a Swiss manufacturer of bicycles, winter equipment, motorsports gear and sportswear. Founded in 1958, the company began as a producer of ski equipment and has since expanded to include a wide range of products. One of their most popular product lines is their collection of bikes, which includes road bikes, mountain bikes, e-bikes, and more. Scott bikes are known for their high-quality construction, innovative technology, and sleek design.
They are ridden by some of the top professional athletes in various disciplines including road racing, cross country, enduro and downhill. Amongst the most popular models, Scott Addict, Scott Spark, Scott Genius and Scott Scale are notable ones. They are designed for different level of riders and terrains. With a wide range of options to choose from, Scott bikes are a great choice for both recreational and competitive cyclists.
Giant Bicycles is a reputable brand that offers a diverse selection of bikes for all types of riding. From road bicycles built for speed to rugged mountain bikes, Giant has a model that will fit any cyclist's preferences.
The brand's reputation is built on its use of premium materials and state-of-the-art technology to create sturdy and efficient bicycles. Giant has been in the business for many years, and during that time, it has earned a reputation for producing reliable and high-performing bikes. They also have a selection of e-bikes, which provide a convenient and effortless ride for leisure, transportation or both.
Pinarello is an Italian bicycle company that is known for producing high-quality, racing-oriented bikes. The company has a rich history in the sport of cycling, having been a sponsor of many professional teams over the years, including Team Sky, which won several Tour de France titles.
Pinarello's most popular models include the Dogma and the F8, which are known for their aerodynamic design and lightweight construction. These bikes are often used by professional cyclists and serious riders who demand the best in terms of performance and technology. Additionally, Pinarello also offer a range of bikes for electric, gravel and urban.
Oreba bikes are a brand of high-quality, hand-crafted bicycles that are designed and built with the needs of the modern rider in mind. Their bikes are made from the finest materials, such as lightweight aluminum and carbon fiber, and are built with state-of-the-art technology to ensure that they are both durable and performance-oriented. Oreba is a brand founded in the Basque Country, Spain, in 1840. They have been dedicated to crafting and building quality bicycles for over 180 years.
Oreba's mission is to provide riders with the ultimate cycling experience by delivering bikes that are comfortable, responsive and easy to ride. They offer a wide range of bikes for different types of riding, including road bikes, mountain bikes, and city bikes, each with its own unique features to cater to the specific needs of the rider. Overall, Oreba bikes are a great choice for anyone looking for a high-quality, reliable, and enjoyable ride, especially for those who are looking for a bike from a brand with a long-standing history and passion for building bikes.
BMC (Bicycle Manufacturing Company) is a Swiss brand that is known for producing high-performance road and mountain bikes. Their bikes are designed with state-of-the-art technology and the latest materials to provide riders with the best possible experience. One of their most notable features is the use of their proprietary Tuned Compliance Concept (TCC) technology, which is designed to provide a balance between stiffness and comfort to ensure optimal performance and a smooth ride.
BMC also offers a wide range of bike models, including racing bikes, endurance bikes, and mountain bikes. Each model is designed with a specific purpose and target rider in mind, so there is a BMC bike for every type of rider. Additionally, the company's focus on aesthetics, the bike looks sleek and attractive.
Yeti Cycles is an American bicycle manufacturer founded in 1985. The company is based in Golden, Colorado and is known for producing high-end mountain bikes. Yeti's early bikes were heavily influenced by the BMX and motocross racing, with the company quickly establishing a reputation for building durable and capable bikes that could handle the rigours of off-road riding.
In the late 1980s and early 1990s, Yeti was at the forefront of the emerging sport of mountain biking, and their bikes were ridden by some of the top racers of the time. In recent years, Yeti has continued to innovate and produce a wide range of mountain bikes for different riding styles and disciplines, including cross-country, trail, enduro, and downhill.
Today, Yeti is considered one of the most reputable brands in the mountain biking industry, and their bikes are highly sought after by riders of all levels.
Cannondale is an American bicycle company that was founded in 1971. The company started as a maker of camping gear and bike trailers, but quickly shifted its focus to designing and manufacturing high-performance bicycles. Cannondale is best known for its lightweight aluminum and carbon fiber frames, as well as its Lefty suspension fork, which is still used on many of its mountain bikes today.
The company has a strong reputation for innovation and has introduced a number of industry firsts, such as the use of large-diameter aluminum tubing and the integration of frame and suspension design. In the late 90s and early 2000s, Cannondale was one of the leading brands in mountain biking and sponsored several professional teams, and on the road, many notable riders rode Cannondale and won many of the biggest races.
Bianchi is one of the oldest and most respected bicycle brands in the world, with a history dating back to 1885. The company was founded by Eduardo Bianchi in Milan, Italy, and it quickly established a reputation for producing high-quality road bikes.
Throughout the early 20th century, Bianchi bikes were ridden by some of the greatest cyclists of the time, including multiple winners of the Giro d'Italia and Tour de France. In the 1960s and 1970s, Bianchi began producing a wider range of bicycles, including mountain bikes and city bikes.
Today, Bianchi continues to produce a variety of bikes for different types of riding, and it is still considered a leader in the industry for its quality and craftsmanship.
Cervelo is a Canadian company that designs and manufactures high-performance road and triathlon bikes. The company was founded in 1995 by two engineers, Phil White and Gerard Vroomen, with the goal of building a faster and more efficient bicycle.
Cervelo's bikes are known for their aerodynamic designs, light weight, and stiffness, which make them well-suited for racing and other high-intensity riding. Over the years, Cervelo has built a reputation for innovation and quality, and their bikes have been ridden to victory in many of the world's most prestigious cycling events, including the Tour de France, the Giro d'Italia, and the Ironman World Championship.
Kona is a company that designs and manufactures bicycles. The company was founded in 1988 in Vancouver, Canada, and it is now based in Ferndale, Washington. Kona's bicycles are known for their durability, performance, and versatility, and they are popular among a wide range of riders, from recreational riders to professional athletes.
The company offers a wide variety of bicycles, including road bikes, mountain bikes, gravel bikes, and electric bikes. They also have a number of distinct models and series of bike with different designs and features. Throughout the years Kona also sponsor multiple professional cycling teams and athletes competing in different disciplines.
Marin Bikes was founded by Bob Buckley in 1986 in Marin County, California. It was originally called Mountain Cycle and was one of the first companies to produce mountain bikes.
The company has since expanded, with a range of bikes that meet the needs of a variety of riders. Today, Marin bikes are renowned for their quality, performance, and style. The brand is still based in Marin County and is committed to creating bikes that get people outside and exploring the world around them.
Brompton bikes are iconic British folding bikes, first designed in 1975 and still made in London, England by the Brompton Bicycle Company. The bikes are renowned for their quality and are offered in a range of different colours and specifications.
They are designed to be strong, light and reliable and fold up quickly and easily for storage or transport. The brand is well known for its innovative design and use of the highest quality components. The bikes are popular among commuters and leisure cyclists alike, and their unique folding style has made them a popular choice for those who travel frequently.
Merida Bikes has been around for almost 50 years and is one of the largest bike makers in the world. Founded in 1972, the Taiwanese manufacturer is renowned for its quality and craftsmanship, producing a range of mountain, road, hybrid and electric bikes. Merida bikes are designed to be strong and durable and are available in a range of specifications and prices to suit any type of rider.
The brand is committed to using the latest technologies and components, making Merida bikes a reliable and comfortable ride. In addition to its range of bikes, Merida also manufactures a range of cycling accessories, including helmets, apparel, and tools. Merida is dedicated to creating products that make cycling easier, safer and more enjoyable for everyone.
Lapierre bikes is a French bicycle manufacturer that has been in business since 1946. Lapierre is known for its quality and craftsmanship, producing a range of mountain, road, touring and electric bikes.
Lapierre bikes are designed to be strong and reliable, and are available in a range of specifications and prices to suit any type of rider. The brand is committed to using the latest technologies and components, making Lapierre bikes comfortable and enjoyable to ride.
Most popular bike brands based on Instagram following as of 05/02/24
For extra peace of mind, when hitting the roads or trails, at home or abroad, check out our specialist bicycle insurance.
GET A QUICK QUOTE
The link has been copied!You can find more information on our web, so please take a look.
For more Programmable Sensorsinformation, please contact us. We will provide professional answers.