World's Largest Motorcycle Manufacturer, Honda Motor Co., Ltd. sets world record

December 10, 2024

Minato, Tokyo, Japan--Honda Motor Co., Ltd. (TYO: 7267 | NYSE: HMC), a Japanese multinational conglomerate that manufactures automobiles, motorcycles, and battery-powered equipment, founded in October 1946 by Soichiro Honda and headquartered in Minato, Tokyo, Japan, has produced motorcycles since 1947; with a market share which is near 30%, Honda sets the world record for being the World's Largest Motorcycle Manufacturer, according to the WORLD RECORD ACADEMY.

"Honda Motor Co., Ltd. is a Japanese multinational conglomerate that manufactures automobiles, motorcycles, and battery-powered equipment, founded in October 1946 by Soichiro Honda and headquartered in Minato, Tokyo, Japan.

"Honda has been the world's largest motorcycle manufacturer since 1959, reaching a production of 400 million by 19 December 2019.

"It is also the world's largest manufacturer of internal combustion engines measured by volume, producing more than 14 million internal combustion engines each year. Honda became the second-largest Japanese automobile manufacturer in 2001. In 2015, Honda was the eighth largest automobile manufacturer in the world." (Wikipedia)

"Honda was the first Japanese automobile manufacturer to release a dedicated luxury brand, Acura, on 27 March 1986. Aside from their core automobile and motorcycle businesses, Honda also manufactures garden equipment, marine engines, personal watercraft, power generators, and other products.

"Since 1986, Honda has been involved with artificial intelligence/robotics research and released their ASIMO robot in 2000. (Wikipedia)

"They have also ventured into aerospace with the establishment of GE Honda Aero Engines in 2004 and the Honda HA-420 HondaJet, which began production in 2012. Honda has two joint-ventures in China: Dongfeng Honda and GAC Honda."

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"This Japanese brand, famous for its innovative technology, is one of the most trusted motor vehicles on road. Honda Motor Co., Ltd. is the world's largest manufacturer of motorbikes as well as internal combustion engines.

"Leading production since 1959, the company has several subsidiaries around the globe, including the popular Honda Motor Co., Inc. of North America a.k.a. AHM (American Honda Motor Co., Inc.)," the ICICI Lombard says.

"No surprises to learn Honda remains the biggest manufacturer in the world - partly because it was mentioned at the top of this article - but its mammoth margin over the competition is something to behold," the Visordown says.

"While its 2021 figure is still some way down on the 20 million it achieved in its record year pre-COVID, Honda bounced right back in 2021 with a 12% increase that assures it of a remarkable 28.5% market share globally."

"Honda’s original business, motorcycles, has grown the company into a
top maker through manufacturing deeply rooted in each country and region, with annual sales of approximately 20 million units," Honda's official website says.

"As the world’s No. 1 motorcycle manufacturer, Honda is committed to meeting the diverse customer needs in the electrification era.

"Honda continues to lead the world in motorcycle development, through its unique technologies that deliver the “Joy of freedom of mobility.”

"Honda has produced motorcycles since 1947 and has been the world's largest motorcycle manufacturer since 1959. By the end of 2019, Honda reached a cumulative global 2-wheel production of 400 million units!

"The company is also a leader in automobiles and power products as well as producers of jet aircraft and robotics," the Honda Classics Restoration Services says.

"Today, Honda produces a wide range of motorcycles, from 50cc commuters to 1,000cc sports bikes and up to 1,800cc tourers, at 35 factories in 21 countries."

"Arguably the most famous motorcycle brand of all time, Honda is the world’s largest motorcycle manufacturer of all time," the Autowise says.

"Founded by Soichiro Honda in 1946, the Honda Motor Company has been responsible for the vast majority of the world’s internal combustion engines, producing more than 14 million engines every year, making it one of the most important automotive manufactures of all time, and one of the principle driving forces of the twentieth century."

"As of December 2024, Honda held the largest share of the U.S. motorcycle market, marginally outpacing Wisconsin-based Harley-Davidson, which reached a market share of around 19.9 percent of the motorcycle market in the United States," the Statista says.

"The leading Asian motorcycle brands made up nearly half of the U.S. motorcycle market in 2024. Honda, alone, accounted for a fifth of the market, while Yamaha, Kawasaki, and Suzuki constituted the remaining 30 percent.

"The U.S. is an important market globally for these brands, with annual revenue in the sector amounting to nearly seven billion U.S. dollars. However, the U.S. no longer among the five largest motorcycle markets globally, as it had before 2021. Instead, Asian countries, including India and China, and Brazil now lead the global market."

"During the first nine months 2024, the global motorcycles industry (including moped, scooter, motorcycles, underbone) scored a robust +5.7% with over 49.4 million sales and projecting the new all time record," the Motorcycles Data says.

"However, starting from the top, the leader, as in the last 50 years is Honda., with a market share which is near 30%, an absolute dominion on the industry. This year Honda is growing 7.9% at 14.9 million, with Bosnia (+127.9%), Ukraine (+126.1%) and Turkey (+98.3%) as the fastest growing markets."