Northern America: Motorcycle And Bicycle Market 2025

Motorcycle And Bicycle Market Size in Northern America

The North American motorcycle and bicycle market skyrocketed to $X in 2021, picking up by 27% against the previous year. The market value increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Motorcycle And Bicycle Production in Northern America

In value terms, motorcycle and bicycle production surged to $X in 2021 estimated in export price. The total production indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -17.8% against 2018 indices. The pace of growth appeared the most rapid in 2017 with an increase of 25% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Motorcycle And Bicycle Exports

Exports in Northern America

In 2021, after two years of decline, there was significant growth in shipments abroad of motorcycles and bicycles, when their volume increased by 34% to X units. Over the period under review, exports, however, saw a slight curtailment. Over the period under review, the exports reached the peak figure at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, motorcycle and bicycle exports surged to $X in 2021. Overall, exports, however, recorded a perceptible decline. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States was the key exporting country with an export of about X units, which finished at 82% of total exports. It was distantly followed by Canada (X units), mixing up an 18% share of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of motorcycles and bicycles. Canada (-1.8%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest motorcycle and bicycle supplier in Northern America, comprising 80% of total exports. The second position in the ranking was held by Canada ($X), with a 20% share of total exports.

In the United States, motorcycle and bicycle exports contracted by an average annual rate of -4.0% over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2021, growing by 1.5% against the previous year. In general, the export price, however, continues to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2015 when the export price increased by 19% against the previous year. The level of export peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the United States totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+2.3%).

Motorcycle And Bicycle Imports

Imports in Northern America

Motorcycle and bicycle imports expanded significantly to X units in 2021, with an increase of 9.8% on the previous year's figure. The total import volume increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 43%. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in the near future.

In value terms, motorcycle and bicycle imports surged to $X in 2021. The total import value increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X units) was the key importer of motorcycles and bicycles, creating 88% of total imports. It was distantly followed by Canada (X units), comprising a 12% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to motorcycle and bicycle imports into the United States stood at +2.6%. At the same time, Canada (+8.5%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +8.5% from 2012-2021. While the share of Canada (+4.3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of the United States (-4.3 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported motorcycles and bicycles in Northern America, comprising 83% of total imports. The second position in the ranking was taken by Canada ($X), with a 17% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States stood at +3.9%.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2021, picking up by 26% against the previous year. Overall, the import price saw a slight increase. The level of import peaked at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($X per unit), while the United States amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.3%).

Source: IndexBox Platform

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