Best Selling Bikes Manufacturers Ranking in the World in first half 2023. Behind the leader Honda, Indian Hero Motor regain the 2nd place due to a double digit progress, whereas Yadea (-15.7%) fell in third.

For the first time we determined to share the ranking of the Top 10 Manufacturers in the World. Please be aware information contains only 2/3 wheeler in the scooter, underbone, moped and bikes category. This mean that Tuk Tuk aren’t included and ATV/RUV or kick scooter neither.

During the 2023, the worldwide bikes business (together with moped, scooter, bikes, underbone) have recovered reporting 60.5 million gross sales, up 2.7%.

Wanting on the efficiency in place by single producer, it’s clear that the development is sharply totally different and correlated to many elements, just like the publicity to profitable or loser markets, the supply of EVs line up and the model perceived worth.

Mentioned this, the Global market chief in 2023 as within the final many years is – by far – Honda.

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Not a surprise, after all. It’s virtually well-known that the Japanese manufacturer dominates the business with around one third of the business in its hands.

In 2023, Honda offered 17.5 million two wheeler globally (+5.6%) with 29.1% of market share, near 5 factors under the 2016 stage. We see the risk for Honda to maintain dropping market share as consequence of the present strategy to postpone electric models introduction, leaving area to rising manufacturers to maintain area and popularity on this essential and booming segment.

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The second place in the world rating can be a surprise. After being surpassed in 2021 by the roaring Chinese EVs specialist Yadea, the Indian Hero Motor re-gained the place thanks to five.4 million gross sales (+4.9%) obtained for probably the most in India, whereas the Chinese language competitor is struggling as a result of difficulties of the Chinese market (for covid shut downs).

Certainly Yadea, is now third with 5.0 million gross sales (-17.3%). This fall have to be thought-about a brief trouble because the producer is leader in the electric vehicles R&D and manufacturing and will likely be again on rising monitor already within the second half.

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In fourth place there may be Yamaha with 4.5 million (+7.2%). Yamaha market share at 7.5% is 5 points under the 2012 achievement.

Struggling each at home and abroad, Bajaj Auto was capable of defend the fifth place with 3.0 million gross sales (-2.9%), with a brief advantage over the quick growing and Indian rival TVS Motor, which offered 2.8 million (+15.3%).

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In seventh place there’s a fast recovering Suzuki with 1.8 million gross sales (+12.6%), which follows the +30% scored within the earlier yr.

Behind three Chinese giants, Haojue, Loncin and Lifan.

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