Global Used Bike Market

Used Bike Market Size, Share, Growth Analysis, By Distribution Channel(C2C (Consumer-to-consumer), and B2C (Business-to-consumer)), By Source(Domestically Manufactured and Imported Bikes), By Engine Capacity(50 to 125cc, 125 to 250cc, above 250cc, and Electric Drive), By Type(Standard, Sports, Cruiser, Mopeds), By Propulsion(ICE and Electric), By Region - Industry Forecast 2025-2032


Report ID: SQMIG25A2241 | Region: Global | Published Date: April, 2024
Pages: 221 | Tables: 142 | Figures: 76

Used Bike Market Dynamics

Drivers

Driving Leisure and Tourism Activities

  • The touring area often hosts group rides and other events that attract riders of all backgrounds and experience levels. These events provide venues for networking, sharing experiences and showcasing motorcycle designs. These events increase the interest in the use of touring bikes and inspire the love of traveling. Motorcycle enthusiasts who enjoy long journeys tend to look for specialized devices such as cruisers, sports tours, adventure touring and touring bikes. As a result, this bike continues to be in demand in the used bike market. The demand for these bikes is constantly increasing as more individuals take up touring as a leisure sport.

Increased Demand for Two Wheelers Due to Traffic Congestion

  • One of the most pressing issues in growing cities around the world is the increase in traffic. Nowadays, because of how society operates, everyone must face traffic accidents during rush hour. There is no doubt that many timetables around the world have resulted in frequent traffic jams on existing highways. The worrying situation is that even though many solutions have been tried to reduce traffic congestion, there has not been much development in this area itself and every year the traffic deteriorates. Thus, increasing traffic congestion drives the demand for used bicycles in developing regions, thus feeding the global used bike market.

Restraints

Increased Cost Associated with a New Bike

  • High cost associated with new bicycles is the major factor expected to drive the growth of the global used bike market. Sake prices sometimes go up. This is because of the nature of the industry. Many companies park their bikes in markets where they can make a big profit and keep their money flowing. Notably, the much cheaper bikes will not cover labor and supply costs. The components of motorcycles are a major reason why they are more expensive or more expensive than cars. Carbon fiber and other materials come in many shapes and forms, and the higher the quality of the carbon fiber, the more expensive it is. This also covers the cost of additional maintenance required during refrigerated storage and transport.

Limited Availability of Quality Used Bike

  • One of the main challenges in the global used bike market is the limited availability of quality used bikes. Many potential buyers prefer to buy second-hand bikes due to budget constraints or durability concerns. But finding a used bike in good condition with a reliable service history can be difficult, reducing customer confidence and sales volume.
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FAQs

Used Bike Market size was valued at USD 39.18 Billion in 2022 and is poised to grow from USD 41.74 Billion in 2023 to USD 69.06 Billion by 2031, growing at a CAGR of 6.50% in the forecast period (2024-2031).

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the used bike industry to benefit clients and increase the market sector. In recent years, the used bike industry has offered some of the most significant advantages to medicine. Major players in the used bike market, including Motohunt Inc., Motorbikes 4 All, Batfa Japan Inc., Triumph Motorcycles, Used Motorcycle Store (Dealer Spike), Mundimoto Europe SL, Yamaha Certified Pre-Owned, India Kawasaki Motors Pvt. Ltd., Droom, Blade Motorcycles, are attempting to increase market demand by investing in research and development operations. 'Yamaha Certified Pre-Owned.', 'Used Motorcycle Store. Com (Dealer Spike)', 'Triumph Motorcycles', 'Mundimoto Europe SL', 'Motorbikes4All', 'Motohunt Inc.', 'Droom, India Kawasaki Motors Pvt. Ltd.', 'Blade Motorcycles', 'Bafta Japan Inc.', 'Mahindra & Mahindra', 'Pedego Electric Bikes', 'Haibike', 'M1 Sporttechnik', 'Easy Motion Electric Bikes', 'Yamaha Motor Corporation', 'Prodecotech', 'Stealth Electric Bikes', 'F.I.V.E. Bianchi'

The touring area often hosts group rides and other events that attract riders of all backgrounds and experience levels. These events provide venues for networking, sharing experiences and showcasing motorcycle designs. These events increase the interest in the use of touring bikes and inspire the love of traveling. Motorcycle enthusiasts who enjoy long journeys tend to look for specialized devices such as cruisers, sports tours, adventure touring and touring bikes. As a result, this bike continues to be in demand in the used bike market. The demand for these bikes is constantly increasing as more individuals take up touring as a leisure sport.

Rise in the Shift Towards Sustainable Transportation: A key characteristic of the environmental perspective and urban movement and seasonal sequences increases in permanent transportation solutions related to the environmental perspective as in wind waste, carbon, landfills, cars and boxers, and the environmental choices consumers make in various contexts. The shift towards sustainable transport is driven by government initiatives aimed at encouraging bicycle schemes, bike sharing programs and environmentally friendly modes of transportation has become easy to find bicycle parking , which has helped the market growth as sustainability continues to be a driving force behind consumer behavior, the used bike market is expected to witness a steady expansion in the future without a background.

By 2022, this market will be dominated by the North America region in the used bike market (45.80%). The demand for affordable modes of transportation, increasing urbanization and growing interest in sustainable transportation are the main drivers of bicycle adoption in North America. Since then, the U.S. used bike market holds the largest market share, and the Canadian market is the fastest growing market in North America region. North America, the used bike market reflects a strong cycling culture and a strong emphasis on sustainable transportation. The United States and Canada demonstrate a demand for cheaper and more environmentally friendly commuting options. Urban development and a focus on health and fitness are contributing to the popularity of cycling, and the region’s well-established cycling enthusiast community supports the used bike market as it is developing.

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Global Used Bike Market

Report ID: SQMIG25A2241

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