Motorcycle Market Outlook for 2025
Are you curious about the motorcycle market outlook for 2025?
The new year is here, which means new motorcycles are hitting the market. However, people are wondering if the motorcycle market will improve in the upcoming year. Although 2024 was a struggle for consumers and sellers, 2025 is looking bright!
Struggles with the 2024 Motorcycle Market
Throughout 2024, the motorcycle industry was struggling a lot. The majority of these struggles are a combination of economic factors including:
- High Interest Rates
- Inflation
- Stricter Lending Standards
These factors reduce the spending power of the consumer, reducing the demand for new and used motorcycles. Across the board, there was a decrease in demand in all motorcycle categories; especially with dual-sport and off-road bikes. Motorcycle companies were also hit by the weakened economy, leading them to have lower revenue forecasts.
This also hit the used market. Those of you trying to sell your motorcycle we’re not able to get the price you wanted. Well that has started to change already.
Motorcycle Market Outlook for 2025
According to Grand View Research, the motorcycle market is going to be growing. One of the reasons is due to an expected increase in disposal income for consumers. The market growth is also attributed to the increasing popularity of motorcycles for recreational and commuting purposes. In urban areas, motorcycles have become an economical option for people living there. Motorcycles are fuel-efficient as well, especially with rising and fluctuating gas prices. Driving a motorcycle also allows riders to handle traffic congestion easily.
There also has been a growing interest in adventure and sports bikes in the motorcycle market. This is due to a combination of increased interest in these motorcycles and more motorcycle clubs/events being established.
Buying and Selling Motorcycles is Looking Up
Technological advancements have also been driving the market. The integration of hybrid and electric motorcycles has also allowed market growth. Government subsidies for electric motorcycles are leading to improved infrastructure for motorcyclists. Of course if you are buying one of these, then finding a motorcycle buyer for your current bike is a priority. It looks like you will get more for your bike in 2025!
While 2024 was a bit of a roller coaster ride for the motorcycle market, the new year is predicted to be a positive change. See you on the road!