Motorcycle Dealership and Repair in the US - Industry Market Research Report

Motorcycle Dealership and Repair in the US - Industry Market Research Report

Motorcycle Dealership and Repair in the US

Motorcycle dealerships have managed to stay the course in recent years, enjoying new demand while fighting off pandemic-related struggles. The outbreak of COVID-19 turned the world upside down and spurred to widespread lockdowns, including closures of nonessential businesses. This caused struggles across the industry as even when dealerships were able to reopen, poor economic conditions meant people weren't spending. As time went on and pandemic-related disruptions faded, the industry enjoyed renewed demand. Rising consumer confidence and disposable income encouraged bikers to spend on their hobby. Sales rose, but demand for repairs remained limited, as most motorcycles and other recreational motorized vehicles don't endure too much wear and tear since they are primarily used for leisure. Overall, industry revenue has been falling slightly at a CAGR of 0.1% to $33.4 billion over the past five years, despite an expected growth of 1.8% in 2023 alone.

The Motorcycle Dealership and Repair industry sells or repairs motorcycles, all-terrain vehicles and personal watercrafts. Operators in this industry also provide repair services and retail replacement parts and accessories.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.