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 2024-2031

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

Used Bike Market Insights

Global 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).

The global used bike market is booming due to factors such as increase in sales generated from the internet, rising cost of new bikes and increased demand for two-wheelers due to traffic congestion but the high risk of accidents is hampering the growth of the market to some extent. However, rising demand for bike and taxi services and increasing adoption of electric motorcycles will provide the market with wage growth opportunities in the coming years. Used cars available for sale are used bicycles. Used bikes can be purchased from a variety of sources, including franchised and independent car dealers, bike rental businesses, retail outlets, private party stores, and car leasing companies due to higher fares and personal bike maintenance, millennials own fewer bikes overall. In addition, millennials like to save money on their bicycles and opt for more utilitarian bikes for transportation. In addition, the high cost of new bicycles puts them out of reach for many people, increasing the demand for used bikes.

Used Bike Market Report Snapshots

License Type Top market research company in USA

File Type

$5,300

BUY NOW GET FREE SAMPLE

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

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.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Used Bike Market Insights

Used Bike Market Report Snapshots

Want to customize this report?

FAQs

What is the market size of Used Bike Market?

Who are the key vendors in the Used Bike Market?

What is the key driver of Used Bike Market?

What is the key market trend for Used Bike Market?

Which region accounted for the largest share in Used Bike Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300