[Ranking] TOP 25 Motorcycle Manufacturers / Transportation Companies Q3/2023
Intro
The motorcycle manufacturing industry plays a crucial role in the global transportation sector, providing individuals with a convenient and efficient mode of personal transportation. With millions of motorcycles being produced and sold each year, this sub-industry is a significant contributor to the worldwide economy.
Not only does the motorcycle manufacturing industry have a direct impact on transportation, but it also has far-reaching effects across various sectors. The demand for motorcycles creates opportunities for suppliers of parts and components, fuels the growth of the retail industry through motorcycle dealerships, and stimulates the tourism sector by enabling travelers to explore new destinations on two wheels.
In recent years, the motorcycle manufacturing industry has experienced remarkable growth and shows no signs of slowing down. With increasing urbanization, rising disposable incomes in emerging markets, and a growing interest in recreational activities, the demand for motorcycles continues to rise. This upward trajectory has resulted in substantial economic benefits for manufacturers and associated industries.
As the industry evolves, it faces a range of trends, breakthroughs, and obstacles. From the emergence of electric motorcycles and the integration of advanced technologies to address environmental concerns to the challenges posed by changing regulations and market competition, motorcycle manufacturers must adapt and innovate to stay ahead in this dynamic landscape.
The motorcycle manufacturing industry is characterized by its ever-changing nature. Market trends, consumer preferences, and technological advancements continually shape the industry, making it an exciting and challenging space for companies. In this article, we will explore the top companies in the motorcycle manufacturing sub-industry, highlighting their strategies, innovations, and contributions to the industry's growth.
Ranking
#25 Zero Motorcycles
Employees: 0.5K
Revenue: 100M$
Website: https://www.zeromotorcycles.com/
Description: Zero Motorcycles is a leading electric motorcycle manufacturer in the Motorcycle Manufacturers industry. Headquartered in Scotts Valley, United States, the company was founded in 2006. With a workforce of approximately 500 employees, Zero Motorcycles designs, develops, and produces high-performance electric motorcycles. Their motorcycles are known for their innovative technology, superior performance, and eco-friendly nature. Zero Motorcycles has established itself as a pioneer in the electric motorcycle market, offering a range of models suitable for both street and off-road riding. The company has experienced significant growth and success, generating annual revenue of approximately 100 million USD.
#24 Cagiva
Employees: 1.5K
Revenue: 120M$
Website: https://www.cagiva.com
Description: Cagiva, headquartered in Varese, Italy, is a prominent player in the Motorcycle Manufacturers industry. Established in 1978, the company has become known for its innovative and high-performance motorcycles. With approximately 1,500 employees, Cagiva combines skilled craftsmanship with cutting-edge technology to deliver top-quality products. The company generates an estimated annual revenue of 120 million dollars, positioning itself as a key competitor in the market. Cagiva's motorcycles are renowned for their sleek designs, powerful engines, and exceptional performance, making them a popular choice among motorcycle enthusiasts worldwide. Through its dedication to excellence, Cagiva continues to shape the landscape of the motorcycle industry.
#23 MV Agusta
Employees: 0.5K
Revenue: 200M$
Website: https://www.mvagusta.com/
Description: MV Agusta is an Italian motorcycle manufacturer based in Varese, Italy. Founded in 1945, the company specializes in the production of high-performance motorcycles. With a workforce of approximately 500 employees, MV Agusta is known for its iconic designs and advanced engineering. The company generates an estimated annual revenue of 200 million dollars. MV Agusta motorcycles are renowned for their exceptional performance, combining power, agility, and style. The brand has a strong presence in the global motorcycle market and continues to innovate and push the boundaries of motorcycle design and technology.
#22 Ural Motorcycles
Employees: 1.5K
Revenue: 250M$
Website: https://www.uralmoto.com/
Description: Ural Motorcycles, headquartered in Irbit, Russia, is a prominent player in the Motorcycle Manufacturers industry. Established in 1941, the company has a rich history of producing motorcycles for various purposes, including military, civilian, and recreational use. With a workforce of approximately 1,500 employees, Ural Motorcycles is known for its high-quality craftsmanship and durable designs. The company has achieved a revenue of around 250 million dollars, showcasing its success in the market. Ural Motorcycles continues to innovate and deliver reliable motorcycles that cater to the diverse needs of riders worldwide.
#21 Moto Guzzi
Employees: 1.2K
Revenue: 250M$
Website: https://www.motoguzzi.com
Description: Moto Guzzi is a renowned motorcycle manufacturer based in Mandello del Lario, Italy. Founded in 1921, the company has a rich history in the transportation industry. Moto Guzzi specializes in the production of motorcycles and is known for its iconic V-twin engines. With a workforce of approximately 1.2 thousand employees, the company strives to deliver high-quality motorcycles to its customers. Moto Guzzi generates an estimated revenue of 250 million dollars, showcasing its success in the motorcycle manufacturing sector. Through continuous innovation and a commitment to craftsmanship, Moto Guzzi has established itself as a prominent player in the industry.
#20 Victory Motorcycles
Employees: 1.5K
Revenue: 300M$
Website: https://www.victorymotorcycles.com/
Description: Victory Motorcycles, headquartered in Spirit Lake, Iowa, United States, is a prominent player in the Motorcycle Manufacturers industry. Founded in 1997, the company has established itself as a leading manufacturer of American-made motorcycles. With a workforce of approximately 1,500 employees, Victory Motorcycles aims to design, engineer, and produce high-quality motorcycles that cater to the preferences of motorcycle enthusiasts. The company's revenue stands at around 300 million dollars, reflecting its strong presence in the market. Victory Motorcycles continues to innovate and deliver cutting-edge motorcycles that offer a unique blend of performance, style, and comfort to riders worldwide.
#19 Benelli
Employees: 1K
Revenue: 500M$
Website: https://www.benelli.com/
Description: Benelli, headquartered in Pesaro, Italy, is a prominent motorcycle manufacturer in the Transportation industry. Since its founding in 1911, Benelli has established itself as a leading player in the motorcycle market. With a workforce of approximately 1,000 employees, the company has achieved impressive annual revenues of around 500 million dollars. Benelli is renowned for its innovative design and cutting-edge technology, offering a wide range of motorcycles that cater to different riding preferences and styles. The company's commitment to quality, performance, and customer satisfaction has garnered a loyal customer base worldwide. Through its website, https://www.benelli.com/, Benelli provides a comprehensive platform for enthusiasts to explore their diverse motorcycle offerings and stay updated with the latest news and events.
#18 Husqvarna Motorcycles
Employees: 1.5K
Revenue: 500M$
Website: https://www.husqvarna-motorcycles.com
Description: Husqvarna Motorcycles, headquartered in Huskvarna, Sweden, is a prominent player in the Motorcycle Manufacturers industry. Established in 1903, the company has a rich history of producing high-quality motorcycles. With a workforce of approximately 1.5K employees, Husqvarna Motorcycles is dedicated to designing, manufacturing, and distributing motorcycles that excel in performance and reliability. The company's revenue stands at around 500 million dollars, reflecting its strong market presence and customer demand. Husqvarna Motorcycles continues to innovate and push boundaries in the industry, offering a diverse range of motorcycles that cater to various riding styles and preferences.
#17 Aprilia
Employees: 1.5K
Revenue: 500M$
Website: https://www.aprilia.com/
Description: Aprilia, headquartered in Noale, Italy, is a prominent motorcycle manufacturer in the Transportation industry. Founded in 1945, Aprilia has established itself as a leading brand in the market. With around 1.5 thousand employees, the company has achieved significant success and recognition. Aprilia is known for its high-performance motorcycles that cater to the needs of passionate riders. The company's dedication to innovation, precision engineering, and cutting-edge technology has resulted in a strong product lineup that appeals to motorcycle enthusiasts worldwide. With a revenue of approximately 500 million dollars, Aprilia continues to thrive and maintain its position as a key player in the Motorcycle Manufacturers industry.
#16 Indian Motorcycle
Employees: 1.5K
Revenue: 500M$
Website: https://www.indianmotorcycle.com/
Description: Indian Motorcycle, headquartered in Minneapolis, United States, is a prominent player in the Motorcycle Manufacturers industry. Founded in 1901, the company has a rich heritage and is known for producing high-quality motorcycles. With approximately 1.5 thousand employees, Indian Motorcycle strives to design and manufacture innovative motorcycles that cater to the needs and preferences of motorcycle enthusiasts. The company generates an annual revenue of around 500 million dollars. Indian Motorcycle has established itself as a reputable brand in the industry, offering a diverse range of motorcycles and accessories, and continues to be a popular choice among motorcycle enthusiasts worldwide.
#15 Ducati
Employees: 1.6K
Revenue: 700M$
Website: https://www.ducati.com/
Description: Ducati, headquartered in Bologna, Italy, is a prominent motorcycle manufacturer operating in the Transportation industry. Founded in 1926, Ducati has established itself as a leading brand in the production of high-performance motorcycles. With approximately 1.6K employees, the company combines Italian craftsmanship with cutting-edge technology to create iconic motorcycles known for their speed, precision, and design. Ducati generates an estimated revenue of 700 million dollars, thanks to its global market presence and a loyal customer base. By continuously pushing the boundaries of innovation, Ducati remains at the forefront of the motorcycle manufacturing industry, delivering thrilling experiences to riders worldwide.
#14 Triumph
Employees: 2K
Revenue: 800M$
Website: https://www.triumphmotorcycles.com/
Description: Triumph Motorcycles, headquartered in Hinckley, United Kingdom, is a leading player in the Motorcycle Manufacturers industry. Founded in 1984, the company has established itself as a premium brand known for its high-quality motorcycles. With approximately 2,000 employees, Triumph operates globally, catering to motorcycle enthusiasts in various markets. The company's revenue stands at around 800 million US dollars, reflecting its strong presence and market share. Triumph Motorcycles continues to innovate and deliver cutting-edge motorcycles that blend performance, style, and technology, making it a sought-after choice for motorcycle enthusiasts worldwide.
#13 Can-Am
Employees: 5K
Revenue: 1B$
Website: https://can-am.brp.com/
Description: Can-Am is a leading motorcycle manufacturer based in Valcourt, Canada. With its headquarters located in North America, the company has been in operation since its founding in 1973. Can-Am employs approximately 5,000 individuals and generates an estimated revenue of 1 billion dollars. The company is known for its innovative motorcycles and is recognized as a prominent player in the transportation industry. Can-Am's commitment to quality and performance has made it a popular choice among motorcycle enthusiasts worldwide.
#12 Royal Enfield
Employees: 10K
Revenue: 1B$
Website: https://www.royalenfield.com/
Description: Royal Enfield, headquartered in Chennai, India, is a leading motorcycle manufacturer in the Transportation industry. With a rich heritage dating back to 1901, Royal Enfield has established itself as a prominent player in the market. The company boasts a workforce of approximately 10,000 employees, who are dedicated to designing, manufacturing, and distributing high-quality motorcycles. Royal Enfield generates an impressive annual revenue of 1 billion dollars, showcasing its strong presence and financial success in the industry. Known for their iconic and classic designs, Royal Enfield motorcycles have gained popularity globally, attracting a loyal customer base. With their commitment to innovation, Royal Enfield continues to shape the Motorcycle Manufacturers industry and deliver exceptional products to motorcycle enthusiasts worldwide.
#11 KTM
Employees: 4.5K
Revenue: 1.2B$
Website: https://www.ktm.com/
Description: KTM, headquartered in Mattighofen, Austria, is a prominent player in the Motorcycle Manufacturers industry. Founded in 1934, the company has established itself as a leading manufacturer of motorcycles with a strong focus on off-road and sports bikes. KTM's impressive lineup includes models for motocross, enduro, adventure, and street riding, catering to both professional and recreational riders. With a workforce of around 4,500 employees, KTM continues to innovate and produce high-performance motorcycles that are renowned for their quality, durability, and cutting-edge technology. In recent years, the company has experienced significant growth, generating an estimated annual revenue of 1.2 billion dollars.
#10 Piaggio
Employees: 8K
Revenue: 1.5B$
Website: https://www.piaggio.com/
Description: Piaggio, headquartered in Pontedera, Italy, is a prominent player in the Motorcycle Manufacturers industry. Founded in 1884, the company has a long-standing history of producing motorcycles and other transportation vehicles. With a workforce of approximately 8,000 employees, Piaggio operates on a global scale, providing innovative and high-quality motorcycles to customers around the world. The company has achieved impressive revenue of 1.5 billion dollars, showcasing its strong market presence and financial success. Piaggio's commitment to excellence and its ability to adapt to changing market demands have solidified its position as a leading motorcycle manufacturer in the industry.
#9 Eicher Motors
Employees: 10K
Revenue: 2.4B$
Website: https://www.eicher.in/
Description: Eicher Motors is a prominent player in the Motorcycle Manufacturers industry based in New Delhi, India. With a rich history dating back to 1948, the company has established itself as a leading manufacturer of motorcycles in the Asian market. Eicher Motors operates through its flagship brand, Royal Enfield, which is known for its iconic and retro-styled motorcycles. The company has experienced significant growth in recent years, driven by the strong demand for Royal Enfield motorcycles both domestically and internationally. With a workforce of approximately 10,000 employees, Eicher Motors continues to innovate and expand its product portfolio, catering to the evolving needs of motorcycle enthusiasts worldwide. In 2020, the company recorded a revenue of 2.4 billion dollars, further solidifying its position as a key player in the Motorcycle Manufacturers industry.
#8 BMW Motorrad
Employees: 10K
Revenue: 2.5B$
Website: https://www.bmw-motorrad.com/en/index.html
Description: BMW Motorrad, headquartered in Munich, Germany, is a prominent player in the Motorcycle Manufacturers industry. Founded in 1923, the company boasts a rich heritage and has established itself as a leading manufacturer of high-quality motorcycles. With a workforce of approximately 10,000 employees, BMW Motorrad operates globally, delivering innovative and cutting-edge motorcycles to its customers. The company's revenue stands at an impressive 2.5 billion dollars, reflecting its strong market presence and successful business strategies. BMW Motorrad continues to push the boundaries of motorcycle design and engineering, offering a diverse range of models that cater to various riding preferences and styles.
#7 Yamaha
Employees: 54K
Revenue: 4.4B$
Website: https://global.yamaha-motor.com/
Description: Yamaha, headquartered in Iwata, Japan, is a leading motorcycle manufacturer in the Transportation industry. Founded in 1955, the company has a workforce of approximately 54,000 employees. With a revenue of 4.4 billion dollars, Yamaha has established itself as a prominent player in the motorcycle manufacturing sector. The company is known for its high-quality motorcycles, ranging from sport bikes and cruisers to off-road bikes and scooters. Yamaha has a strong global presence and is recognized for its innovation, reliability, and performance. Through continuous research and development, Yamaha remains committed to delivering cutting-edge motorcycles that cater to the diverse needs and preferences of riders worldwide.
#6 Hyosung
Employees: 16K
Revenue: 4.5B$
Website: https://www.hyosung.com/
Description: Hyosung is a leading motorcycle manufacturer based in Seoul, South Korea. Established in 1978, the company has grown to become one of the most prominent players in the industry. With a workforce of approximately 16,000 employees, Hyosung is dedicated to designing, manufacturing, and distributing high-quality motorcycles that cater to a diverse range of customers. The company's motorcycles are known for their innovative features, performance, and reliability. Hyosung's commitment to excellence has enabled them to generate substantial revenue, with an estimated annual revenue of 4.5 billion dollars. Through continuous research and development, Hyosung aims to stay at the forefront of the motorcycle manufacturing industry and expand its global presence.
#5 Bajaj Auto
Employees: 10K
Revenue: 4.6B$
Website: https://www.bajajauto.com
Description: Bajaj Auto, headquartered in Pune, India, is a leading motorcycle manufacturer in the Transportation industry. With a rich history dating back to 1945, the company has established itself as a prominent player in the market. Bajaj Auto has a workforce of around 10,000 employees who contribute to the success of the company. Generating an impressive annual revenue of 4.6 billion dollars, Bajaj Auto has achieved significant growth and success in the motorcycle manufacturing sector. The company's dedication to innovation, quality, and customer satisfaction has enabled it to become a trusted brand in the industry. Through its website, Bajaj Auto provides comprehensive information about its motorcycles, services, and initiatives, showcasing its commitment to excellence and technological advancements.
#4 Harley-Davidson
Employees: 5.5K
Revenue: 4.9B$
Website: https://www.harley-davidson.com
Description: Harley-Davidson, headquartered in Milwaukee, United States, is a prominent player in the Motorcycle Manufacturers industry. Founded in 1903, the company has established itself as a leading manufacturer of heavyweight motorcycles. With a workforce of approximately 5,500 employees, Harley-Davidson continues to design, manufacture, and sell motorcycles that are known for their distinctive design, powerful engines, and iconic brand image. The company operates in various segments, including Motorcycles, Parts & Accessories, and General Merchandise, offering a wide range of products to cater to the preferences of motorcycle enthusiasts globally. Despite facing challenges in recent years, Harley-Davidson remains a renowned name in the motorcycle industry and continues to generate substantial revenue, with annual sales amounting to approximately 4.9 billion dollars.
#3 Kawasaki
Employees: 34K
Revenue: 13B$
Website: https://www.kawasaki.com
Description: Kawasaki, headquartered in Kobe, Japan, is a prominent player in the Motorcycle Manufacturers industry. Since its founding in 1878, the company has established itself as a leading manufacturer of motorcycles, ATVs, and personal watercraft. With a workforce of approximately 34,000 employees, Kawasaki operates globally to cater to the demands of motorcycle enthusiasts. The company has generated impressive revenue, amounting to 13 billion dollars. Known for their innovative designs and advanced technology, Kawasaki motorcycles have gained a strong reputation for their performance, reliability, and sleek aesthetics. Kawasaki's commitment to excellence has positioned them as a key player in the Motorcycle Manufacturers industry.
#2 Suzuki
Employees: 69K
Revenue: 35B$
Website: https://www.globalsuzuki.com/
Description: Suzuki, headquartered in Hamamatsu, Japan, is a prominent motorcycle manufacturer in the Transportation industry. With a history dating back to 1909, the company has established itself as a leading player in the global motorcycle market. Suzuki boasts a workforce of approximately 69,000 employees, who contribute to the production and distribution of their diverse range of motorcycles. The company's annual revenue stands at an impressive 35 billion USD, reflecting their strong market presence and consumer demand for their high-quality motorcycles. Suzuki's commitment to innovation, reliability, and performance has cemented its reputation as a trusted and sought-after brand in the Motorcycle Manufacturers industry.
#1 Honda
Employees: 215K
Revenue: 138B$
Website: https://www.honda.com
Description: Honda, headquartered in Tokyo, Japan, is a leading motorcycle manufacturer in the Transportation industry. Founded in 1948, the company has a workforce of approximately 215,000 employees. With annual revenue of around 138 billion dollars, Honda is known for its innovative motorcycles that cater to a wide range of consumers. The company's motorcycles are renowned for their reliability, performance, and fuel efficiency. Honda operates globally, offering a diverse lineup of motorcycles, including sport bikes, cruisers, touring bikes, and off-road bikes. With a strong commitment to research and development, Honda continues to introduce cutting-edge technologies and designs to enhance the riding experience for motorcycle enthusiasts worldwide.
Summary
The motorcycle manufacturing industry has seen significant growth and success in recent years, with several companies emerging as leaders in the sub-industry. These companies have achieved high rankings and notable accomplishments, solidifying their position in the market.
One unexpected finding is the rise of electric motorcycle manufacturers, who have gained popularity due to their eco-friendly and sustainable approach. These companies have successfully tapped into the growing demand for electric vehicles, positioning themselves as frontrunners in the industry.
Among the premier companies in the motorcycle manufacturing sub-industry are Honda, Yamaha, and Harley-Davidson. These companies have a long-standing reputation and have consistently demonstrated their ability to innovate and adapt to changing market trends.
One key element that drives the prosperity of these top firms is their commitment to research and development. By investing in new technologies and design, these companies are able to produce motorcycles that are not only reliable and high-performing but also meet the evolving needs and preferences of consumers.
What sets these eminent companies apart from their rivals is their brand recognition and loyal customer base. Honda, Yamaha, and Harley-Davidson have cultivated a strong brand identity that resonates with motorcycle enthusiasts around the world. This allows them to maintain a competitive edge and continue to dominate the market.