Marquez's current contract was set to expire following 2018, but on Monday Honda Racing Corporation (HRC) announced an extension. Marquez, who joined the team in 2013 as a rookie and went on to take his first premier class crown that year, will have raced with the squad for a total of eight seasons by the conclusion of the 2020 season.
Speaking about his continued association with Honda, Marc Marquez said, "I'm excited to continue to race for Honda's factory team in the MotoGP class".
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Marquez joined the World Championship in 2008 competing in the former 125cc class. "I'm proud to race as a member of the Honda family, and I appreciate how Honda and the team always do their best to provide me with everything I need", Marquez said in a statement. Márquez has consistently pushed himself to the limit and matured as a rider, and given Honda many titles.
Yoshishige Nomura, HRC President, added: "I am very pleased that Marc Marquez will continue to ride for our factory team". We were able to announce the contract renewal at such an early stage due to our mutual trust, and our common passion for racing.
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The Spaniard was no doubt an attractive prospect for many, but he has chose to continue with HRC, the brand with which he made his MotoGP debut in 2013 and, more importantly, one with which he has won 4 titles in 5 years.
"We have already started talking to Honda, and I'd like to close it [a new contract] sooner rather than later so I can just concentrate on riding", the 25-year-old said.
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Ducati duo, Andrea Dovizioso and Jorge Lorenzo, are also thought likely to remain with the Italian marque.