Honda sold around 17 million motorcycles worldwide in the 2022 fiscal year. This is a year-on-year rise of some 12.5 percent compared to the company's 2021 sale volume. Honda's motorcycle sales declined for the first time in five years in 2020, after demonstrating an upward trend between 2016 and 2019.
Among the leading brands in key markets
Pakistan, India, Vietnam, and the United States are among Honda’s largest target markets. At the end of the 2022 fiscal year, Honda Motorcycles and Scooters held about 25 percent of the motorcycle market in India. In 2022, North American Honda sales reached approximately 437,000 units, making it the second leading regional market . The Honda Motor Corporation is one of the largest motorcycle manufacturers in the United States and worldwide.
Trailing the automobile business
Honda's revenue generated through motorcycle sales fell short of the automobile business. Motorcycles accounted for around 15 percent of overall revenue streams. This figure compares to roughly 64.3 percent attributable to the company’s automobile business. Overall, Honda’s revenue rose by about 10.5 percent in the financial year ended March 31, 2022. This increase and the jump in unit sales can both be linked to demand picking back up after the national lockdowns in 2020, which were linked to the COVID-19 pandemic.
Honda Group's motorcycle sales from FY 2011 to FY 2022
(in 1,000 units)
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Honda. (May 13, 2022). Honda Group's motorcycle sales from FY 2011 to FY 2022 (in 1,000 units) [Graph]. In Statista. Retrieved July 03, 2022, from https://www.statista.com/statistics/267277/worldwide-motorcycle-sales-of-honda/
Honda. "Honda Group's motorcycle sales from FY 2011 to FY 2022 (in 1,000 units)." Chart. May 13, 2022. Statista. Accessed July 03, 2022. https://www.statista.com/statistics/267277/worldwide-motorcycle-sales-of-honda/
Honda. (2022). Honda Group's motorcycle sales from FY 2011 to FY 2022 (in 1,000 units). Statista. Statista Inc.. Accessed: July 03, 2022. https://www.statista.com/statistics/267277/worldwide-motorcycle-sales-of-honda/
Honda. "Honda Group's Motorcycle Sales from Fy 2011 to Fy 2022 (in 1,000 Units)." Statista, Statista Inc., 13 May 2022, https://www.statista.com/statistics/267277/worldwide-motorcycle-sales-of-honda/
Honda, Honda Group's motorcycle sales from FY 2011 to FY 2022 (in 1,000 units) Statista, https://www.statista.com/statistics/267277/worldwide-motorcycle-sales-of-honda/ (last visited July 03, 2022)