Top Ten Best Motorcycle Brands in 2022

Here is the list of the world’s Top Ten Best Motorcycle Brands in 2022 in revenue. The best bike manufacturers have been expanding globally and across continents for years. Top motorcycle manufacturers have prioritized innovation, fuel economy, features, fashionable appearance, etc. All businesses have a robust global distribution network and guarantee excellent customer satisfaction with additional after-sales services. The pandemic year has resulted in a decline in sales for all motorcycle and two-wheeler brands, both in terms of revenue and units sold.

Top Ten Best Motorcycle Brands in 2022 – Top Rated

1. Honda

Apart from dominating the automobile business, Honda Motors Company Limited has become the world’s largest motorcycle manufacturer. The corporation currently operates 33 production sites in 22 different countries. The Corporation conducts business in India through its subsidiary Honda Motorcycle and Scooters India Pvt.

Ltd., a company located in Manesar, Gurgaon. In the Indian market, the corporation has a market share of around 27%. The business produced ATVs and motorbikes in a total of 19,554 thousand units. It represents a 10.7 percent increase over the previous year. One of its products, the Supercube, crossed the 100 million unit mark in 2017.

Sales increased in Europe and Asia, particularly in India and Vietnam, while declines were seen in their respective significant markets, the United States, Brazil, and Japan. The company’s sales in Brazil fell by about 28 percent due to the country’s ongoing economic crisis. The company has started working towards the electrification of its motorcycles, focusing more on its commuter models, and working towards a sustainable and eco-friendly future for the industry. The company is committed to releasing a few models by the end of this year, including an electric scooter. Revenue (million $): 13400

2. Harley Davidson

The American company Harley-Davidson has dramatically influenced the motorcycle industry. The business was founded in 1903 in a Wisconsin city and has since become a cult motorcycle brand. The company wants to create a motorcycle brand that is globally recognizable and attracts attention thanks to its robust construction and performance. Business revenue fell 12% to $5.3B. Harley-Davidson has operations in over 100 countries and has bought businesses to expand. The company employs a large workforce and functions in more than 100 countries. The brand has made significant development investments and is reaping the benefits. Revenue: $5.3B

3. Hero Moto Corp

Hero is one of the leading brands in the Indian industry, with a market share of over 50% for motorcycles and around 40% for two-wheelers. The corporation has six manufacturing facilities, five in India and one in Colombia. Additionally, the business has expanded its global presence to 35 different countries and is about to open its seventh manufacturing facility in Bangladesh. The 100-125cc motorbike market is where the company is most dominant. The company is trying to break into the premium market, which has grown by about $20 since last year. Regional political and economic concerns resulted in a decline in two-wheeler exports. Revenue (million $): 3700

4. Bajaj Auto

A manufacturing company headquartered in Pune, India, known as Bajaj Auto. Bajaj Auto remains one of the world’s leading motorcycle companies despite a 4.3% decline in sales volume and a 5% increase in revenue. In fact, for the last four years, there has been no growth in the company’s motorcycle division. The company’s downward-sloping growth curve deters its top management as it is the second-largest motorcycle manufacturer in India and the fourth-largest in the world by revenue and volume. The company’s export market has also been affected, with motorcycle exports down by 16 percent. Revenue (million $): 3660

5. BMW

The parent firm of the BMW Group, the market leader in automobiles and motorcycles, is BMW AG. The corporation is headquartered in Munich, Germany and mainly focuses on services and products for the automotive, engine, machinery and metallurgical industries. Automotive, motorcycle, and financial services are its three main industrial segments. The business has approximately 1.3 million employees and does business in more than 150 countries worldwide. The corporation uses the BMW Motorrad name to conduct business in the motorcycle industry. With models larger than 250 ccs including Sport, Tour, Roadster, Heritage, Adventure, and Urban Mobility, the company competes in the premium segment of the motorcycle market worldwide. Revenue (million $): 2813

6. TVS

In terms of size and sales, TVS Motor Company is the largest of the 90 firms that make up the TVS Group. Companies involved in finance, automobiles, aviation, education, insurance, electronics, textiles, investments, housing, services and logistics make up the TVS group. The business is a pioneer in the motorcycle industry and the third-largest two-wheeler manufacturer in India. TVS Motors’ motorcycle and two-wheeler divisions saw double-digit growth in sales and revenue. The company has been outperforming the industry for three consecutive years, and it consistently sets high standards for both itself and its competitors. The company can produce 3.2 million products annually. Revenue (million $): 2170

7. KTM

Power sports vehicle manufacturer KTM AG is known for consistently producing cutting-edge, fashion-forward vehicles. The company, a premium manufacturer of high-performance motorcycles for both on-road and off-road use, is headquartered in Matthofen, Austria, along with its research and development facility. Bajaj Auto and KTM Industries AG jointly own the business. The business is operated by subsidiaries Husqvarna Motorcycle GMBH, KTM Sportcar GMBH, KTM Technologies GMBH, and KTM Immobilien GMBH, with a minor ownership stake in W Verwaltungs AG. KTM AG has already surpassed other European motorcycle manufacturers with a market share of 10% in Europe and 8% in the United States. Revenue (million $): ~2060

8. Piaggio

The Italian Piaggio Group has its corporate headquarters in Pisa. The company also operates a research and development facility called the Piaggio Group Advanced Design Center in California, USA. One of the largest two-wheeler manufacturers in Europe is the Piaggio company, which focuses on scooters, motorcycles, and mopeds with engines ranging from 50 to 1400cc. It mostly deals with Aprilia, Moto Guzzi, Vespa, Piaggio, Derby, and Scarabeo brands and products. Apart from the two-wheeler market, the group offers a line of three- and four-wheeler commercial vehicles under the Ape, Quargo, and Porter models. Additionally, Piaggio Group owns 45% of Zongshen Piaggio Foshan Motorcycles, a Chinese business. Revenue (million $): ~1400

9. Royal Enfield

One of the top players in the Indian automotive industry is Eicher Motors Limited. Commercial vehicles, motorcycles under the Royal Enfield brand, and personal utility vehicles are among the company’s business segments. With a 95% market share in the mid-size motorcycle market segment, Royal Enfield, one of the oldest motorcycle brands still in continuous production, is currently the market leader in India’s premium motorcycle segment. With five models — Bullet, Classic, Thunderbird, Continental GT, and Himalayan — the company sold 8,20,493 units last year, which is 23 percent higher than the previous year. Revenue (million $): 1080

10. Suzuki

Japanese automobile manufacturer Suzuki Motor Corporation is located in Minami-Ku, Hamamatsu. Automobiles, motorcycles, marine, and power products comprise the company’s core market segments. The company focuses on the 150cc and above segment in the motorcycle market apart from the sports categories. The group deals in motorcycles with engines ranging from large to small. The business is operated through its subsidiaries, including Suzuki Deutschland GmbH for overseas motorcycle marketing, Suzuki Auto Parts Manufacturing Company Ltd. for parts manufacturing, Suzuki Motorcycle Sales Inc. for the domestic market, and Thai Suzuki Motor Company Ltd. To manufacture motorcycles abroad. Revenue (million $): ~510

Top Ten Best Motorcycle Brands in 2022 – Top List