IRVINE, Calif. — Motorcycling is
growing and rapidly becoming more mainstream at the start of the new
millennium, according to the latest census of two-wheeling conducted by the
Motorcycle Industry Council (MIC).
The number of
American households that own motorcycles jumped 26 percent from 2003 to 2008,
while the overall number of U.S. households increased roughly 5 percent. During the same period, the motorcycle
population grew 19 percent while the U.S. population rose by about 5
percent.
These are some of
the findings of the latest MIC Owner Survey, the powersport industry's study on U.S. motorcycle ownership, usage, demographics and trends. Motorcycling is changing
with the times and along with millions more riders there are increasing
percentages of women and youth and a shift toward riding to get around, not
just to have fun.
"Motorcycling
is playing a bigger role in our fast-changing world and many of the trends we
were hoping to see some 20 years ago have become reality," said MIC president
Tim Buche. "Household penetration over the past five years has increased
by 1,516,610 individuals or 20 percent. As an activity, a form of
transportation or a lifestyle, motorcycling still has tremendous room for
growth, but two-wheeling has made significant inroads among various key
demographics and is a larger part of American culture than ever."
Key findings of the
new Motorcycle/ATV Owner Survey include:
1. Motorcycles are
More Mainstream. Since 2003, the number of motorcycles owned and used in America grew 19
percent to approximately 10.4 million. Continuing a trend, that was a 58
percent increase since 1998, estimated then at 6.6 million. To imagine
motorcycling today, picture a population greater than that of New
York City (the residents of Moscow, Seoul or the entire state of Michigan) all on two wheels. An estimated 25
million people swung a leg over a bike and rode last year. That's a 7 percent
increase, from 2003, in the number of Americans who ride but may or may not own
motorcycles.
2. You go,
girl! Female ownership of motorcycles
crossed the 10-percent mark, increasing from 9.6 percent in 2003 up to 12.3
percent in 2008. Younger generations have even more female riders. Some 15
percent of Gen X motorcycle owners are women, and for Gen Y, it's 14 percent.
Among Gen Xers, women more than doubled their presence since 1998. Maybe most
impressive, women accounted for 23 percent, or 5.7 million, of the 25 million
Americans who rode a motorcycle last year. It's not just a guy thing anymore,
and greater acceptance among women means greater acceptance among key
influencers of household spending decisions.
3. A New Generation
is Riding. In 2003, Baby Boomer riders outnumbered Gen Y motorcyclists almost
four to one. But Gen Y motorcycle ownership grew 62 percent since 2003, putting
the current ratio of Baby Boomers to Gen Y at two to one. While 50 may be the
new 30, the industry recognizes the importance of engaging younger customers as
long-time riders begin to age out of motorcycling.
4. Motorcyclists
Make More Money. While owning a motorcycle is much more affordable in many ways
compared to having a car, the median household income of motorcycle owners
exceeds that of the average American. Two-wheel households average $59,290
while the U.S. average is $50,233.
5. Motorcyclists
Have More New Bikes. Along with the general rise in motorcycle interest over
the past five years, demand for the latest and greatest bikes increased. Of all
motorcycles in use in 2008, 46 percent were purchased new, up 7 percent since
2003. The average age of motorcycles is dropping as new styles and designs
attract younger customers. Each year for the past six years, sales of new
motorcycles and scooters topped one million units. That's a record run for
seven-figure sales numbers.
6. Sport Bikes Rule
With Gen Y. Half of boomer motorcyclists surveyed ride traditional cruisers.
But among Gen Y motorcyclists, modern, high-tech sport bikes lead the way with
30 percent of those riders. Bikes that look like they came from the 1950s are
giving way to bikes that are futuristic among young buyers.
7. Riders are Doing
it for Transportation Not Just Recreation. Motorcycling for Americans has
primarily been about recreation and the pure joy of riding. But among the
reasons given for motorcycling, transportation climbed to second place in the
2008 survey, now ahead of short-distance touring. It may be due to fuel prices,
environmental concerns, convenience, or a combination of reasons.
8. Experience Counts. Test rides moved to the
top spot as the most important factor in the decision to buy a particular
motorcycle.
Dealership visits, advice
from family and friends, magazine editorial and product reviews and the
Internet are also important influencers. Experiencing the ride is now more
important than traditional marketing tools such as magazine advertising, radio
and TV and trade shows.
9. Touring and Sport
Riders Spend the Most. Compared to other motorcyclists last year, touring owners
spent significantly more on aftermarket purchases, including tires, repairs and
maintenance, and replacement parts and accessories - an average of $620 per
year. Demonstrating a strong interest in gear, sport bike riders spent more on
apparel than any other segment - an average of $578 per year.
10. Acceptance Among
Non-Owners Holding Steady. A quarter of non-owners surveyed in 2008 have a
positive attitude toward motorcycles, with another 33 percent being neutral. As
in 2003, more than half the non-owning population has a neutral or positive
attitude toward motorcycles, demonstrating there is still much room for even
more market growth.
"The 2008
survey reveals that motorcycling is continuing to become more mainstream in
America
,"
Buche said. "Back in 1992, right as motorcycling started trending upward,
Americans only bought 278,000 new bikes. Times have changed, we've sold more
than a million each year for the past six, and two-wheeling may have a bigger
role in the future of American mobility than we can imagine."