Motorbikes have been around for over a century now. The First Petroleum Motorbike was invented in Germany in 1885 by 2 German engineers Gottlieb Daimler and Wilhelm Maybach and it was named Daimler Reitwagen. Since then motorcycle business has been one of the most prosperous businesses in the world with worldwide sales of over 60 million units.
There has always been discussion that which is the biggest bike brand in the world, and there have been multiple debates on the topic. Today, we will answer this question. We have compiled a list of the biggest bike brands in the world in 2023.
Top 10 most-selling bike Brands In The World In 2023
In this list, we will rank the most-selling bike brands in the world.
Honda has been around for a long long time and in that time they have perfected the way they build their bikes. This brand has the perfect machine for road and for track. It is one of the most-selling bike brand in the world in 2023 with more than 17.5 million units sold worldwide which is a 5.6% hike from the previous year’s numbers and it accounts for 29.1% of the total bikes sold in the world. Honda alone sells more units than the next three manufacturers combined. One of the most-selling bikes of Honda is Honda SP 125, among the 125cc bikes in India.
Units Sold In 2022- 17.5 million
2. Hero Motocorp
Hero Motocorp is one of the oldest and most selling bike brands in the World. Founded as a joint venture between Hero and Honda, Hero Motocorp is the largest bike brand in India in terms of units sold and it holds the 2nd spot in the world. In 2022 Hero Motocorp reported a sale of 5.4 million units, which is the second most units sold by any manufacturer. Hero has been providing inexpensive bikes to the Indian market for decades now, and on top of that their bikes are very efficient with an average of more than 50 KMPL.
Units Sold In 2022- 5.4 million
Yadea is a Chinese Bike brand known for its electric scooters. It is one of the most-selling bike brands in the world. It only makes electric vehicles and its closest rival is Niu which is far below Yadea. Being one of the major selling electric scooters in China and some parts of Europe, Yadea has sold more than 5 million units.
Units Sold In 2022- 5 million
Another Japanese mega house known for its fast and agile motorcycles, Yahama has been a big player in the motorcycle business since the 80s. On the list of the most-selling bike brands in the world in 2023, Yamaha sits comfortably at No. 4. It sold over 4.5 million bikes in 2022 which is a 7.2% increase as compared to last year but still less than their expected figure.
Units Sold In 2022- 4.5 million
The Second biggest bike brand in India, Bajaj has been in the Indian market since the early 2000s and it gave India some of its most iconic sportbikes in Pulsar. But lately, Bajaj’s market share has been falling. The company has reported a 3% fall in demand in 2022 as compared to 2021, but despite all of that, Bajaj sits comfortably at No. 5 with 3 million units sold annually.
Units Sold In 2022- 3 million
6. TVS Motors
TVS is not a very well-known name in the international market but that doesn’t mean that it underperforms, moreover, it is one of the most-selling bike brands in the world mainly because of its popularity in India. Out of its 2.8 million units sold in 2022, the majority of that came from India. TVS has been consistently giving good bikes to the Indian Market.
Units Sold In 2022- 2.8 million
This legendary Japanese bike brand has been around for decades, and it has given us some of the best motorcycles you can buy but in recent years. In 2022 the company reported a 12.6 % bump in units sold which came out to be 1.8 million in total making it the 7th most-selling bike brand in the world
Units Sold In 2022- 1.8 million
Haojue is another Chinese manufacturer that has emerged in recent years, it sells bikes under license from Suzuki. This is not a brand that offers a lot of sophistication instead they concentrate on manufacturing inexpensive bikes. Haojue is one of the most-selling bike brands in the world with reported sales of over 1.3 million units.
Units Sold In 2022- 1.3 million
Niu is a Chinese brand and it is an all-electric brand which means that it only produces electric scooters. This brand has had an exponential growth in the last couple of years. Niu was founded in 2014 but it saw its best year in 2021 and after 2021 it has become a reliable name in the industry of electric vehicles in China and in some parts of Europe where it competes with other regional electric vehicle brands. It is one of the most-selling bike brands in the world with an estimated 1 million units sold in 2021.
Units Sold In 2022- 1 million
Italika is a Mexican Bike brand that has made a name for itself in recent years. It mainly sells its motorcycles in North and Central America. Their lineup mainly comprises small engine bikes not more than 250cc. Due to lower prices and cheap maintenance, Italika has been the go-to choice for people in Mexico as well as Central America, Peru, Brazil, Costa Rica, Guatemala and many more. In 2022, Italika Managed to sell 900,000 units.
Units Sold In 2022- 0.9 million
As you can see, the Bike market is booming worldwide and there are many brands competing with each other but there are only a few that stand out of the bunch and make a mark on the market worldwide.
So now you know which are the most-selling bike brands in the world in 2023. We hope that the list was fun and informative.