Bangladesh Motorcycle Market 2022: Data and Prospects for 2023

The rise of delivery services, ride-sharing, and traffic mismanagement in Bangladesh is day by day creating a huge demand in the motorcycle market. More and more people across the country are leaning towards buying motorcycles every day, hoping to easily navigate traffic jams.

Besides the convenience of travel, one of the biggest reasons people prefer motorcycles over cars is that the price of motorcycles in Bangladesh is much lower than that of cars. For those with a slightly lower budget or means, but who have long felt the need for their own transportation, motorcycles are undoubtedly a great option.

Motorcycles are ubiquitous nowadays, and the market for these two-wheeled vehicles is growing richer day by day. However, since the proposed budget for the upcoming fiscal year was announced, there's a possibility that motorcycle prices will further increase. We are confident that this will have a significant impact on the demand for motorcycles in Bangladesh.

So, let's take a look at some statistics of this year's motorcycle market so far, to get an idea of how the next year might go.

Which cities in Bangladesh sell the most motorcycles?

The motorcycle market is quite popular in the country, especially in Dhaka Metropolitan city. That's why the highest number of motorcycle advertisements for sale are posted in the Dhaka division. Dhaka is the most populous division in the country, and it also has the highest number of roads and highways. People in this division are always on the move, which is why the demand for various types of vehicles here is comparatively high. With the increasing traffic congestion, more and more people are leaning towards buying motorcycles in hopes of saving some time.

43% of all advertisements are posted from Dhaka division. Following that, 15% of advertisements are posted from Chittagong, 13% from Khulna division, 11% from Rajshahi division, 10% from Sylhet, and the remaining 8% of advertisements are posted from other smaller areas of the country.

What are the best motorcycle brands in the Bangladeshi market?

The motorcycle market in Bangladesh offers various types of local and international brands. During this research, we observed that Indian motorcycle manufacturing brands are leading in this sector. Among all motorcycle advertisements on Bikroy, 21% are of the Bajaj brand, followed by 16% TVS brand bikes, 14% Yamaha bikes, 12% each from Hero and Honda, and 9% Suzuki brand bikes.

The remaining 16% of advertisements include bikes from various notable local and international brands. Local brands include Walton and Runner, and international brands include Keeway, Mahindra, Lifan, Singer, etc., and the popular scooter brand Vespa.

What are the best motorcycle models in Bangladesh?

While researching the bike market, we observed that some bike brands are more popular than others. Some of the best bike models advertised on Bikroy are:

• Bajaj Pulsar
• Bajaj Discover
• TVS Apache RTR
• Suzuki Gixxer
• Hero Hunk

There are several reasons why these bikes are popular. The bikes are very powerful, reliable, and quite affordable in terms of price and fuel efficiency.

What is the average price of motorcycles in Bangladesh?

Motorcycles are quite affordable and effective compared to any other mode of transport, which is why their popularity is so high in the Bangladeshi market. Generally, most motorcycles in Bangladesh are priced between 30,000 Taka and 2,00,000 Taka.

Most motorcycles in Bangladesh fall into the mid-range category. Among all motorcycles posted for sale on Bikroy, 34% are priced between 50,000 and 1,00,000 Taka. Following that, 23% of bikes are priced between 1,00,000 and 1,50,000 Taka, and 21% are priced between 30,000 and 50,000 Taka.

Among the remaining bikes, 10% of motorcycles are priced between 1,50,000 and 2,00,000 Taka. 6% of motorcycles are priced below 30,000 Taka, 4% of motorcycles are priced between 2,00,000 and 2,50,000 Taka, and there are advertisements for 2% premium-level bikes, which are priced above 2,50,000 Taka.

What condition of motorcycles do our buyers prefer?

Bikroy.com is the best marketplace for buying and selling second-hand or used products. Naturally, almost 92% of advertisements in our motorcycle marketplace are for used motorcycles. By buying used motorcycles, you can enjoy the comfort of riding some high-priced premium bikes at an affordable price. In most cases, the used motorcycles posted on our site are listed for sale after many modifications. So, as an added benefit, you are essentially getting free upgrades!

The remaining 8% are primarily advertisements for new motorcycles. Verified dealers from various areas nationwide sell original brand motorcycles at attractive prices.

What are the popular types of motorcycles in Bangladesh?

In the Bangladeshi motorcycle market, you will find a diverse collection of bikes. Whether it's a racing bike for speeding on highways, an affordable and comfortable scooter for daily commutes, or an eco-friendly fuel-alternative motorcycle – Bikroy has a variety of motorcycle collections for all your needs.

88% of advertisements feature various models of classic motorcycles. These types of motorcycles are most popular among bike enthusiasts for their outstanding speed and excellent performance.

Among all bike advertisements, 7% are for scooters. Their popularity is highest among female bikers in our country, and various attractive colors and designs of scooters are currently available in the market. Scooters are generally slightly lower in speed compared to motorcycles, but these bikes are unparalleled in terms of comfort and convenience.

In the remaining 5% of advertisements, you will find e-bikes from various brands. These are a great alternative to gas or fuel-powered motorcycles. And these bikes are best for long-term use with very low maintenance costs.

Conclusion

Motorcycles are an affordable solution for our daily commute. They are not only beautiful in design but also provide satisfactory performance. The biggest thing is that motorcycles reduce your traffic jam woes. There are various designs and functions of motorcycles in the market to meet all your needs. With the expansion of delivery and ride-sharing services, many people are thinking of earning extra income by using their bikes. And that's why the motorcycle market has also boomed.

If you are looking for a new bike, visit Bikroy.com today to see thousands of new and used motorcycle advertisements posted from various parts of Bangladesh. When buying your next motorcycle, get the best offers and deals from our local sellers and original dealers.