Global On Road Motorcycles Market Share Report 2024, Forecast To 2033
22 Feb, 2024
The on-road motorcycles market has rapidly expanded from $62.17 billion in 2023 to $68.79 billion in 2024, demonstrating a 10.6% CAGR. The surge is credited to lifestyle appeal, fuel efficiency, urban mobility, emerging markets, motorcycle community influence, and safety regulations. Future projections estimate significant growth to $105.41 billion by 2028, maintaining an 11.3% CAGR. Anticipated drivers include lifestyle and cultural trends, environmental awareness, electric motorcycles, emerging market expansion, shared mobility, and technological integration. Key trends encompass technology integration, advanced connectivity, lightweight models, electric motorcycles, and retro styling.
Global On Road Motorcycles Market Key Driver
The on-road motorcycles market is expected to grow with the rising number of motorbike sports users. Motorbike sports enthusiasts prefer on-road motorcycles for their speed, making them suitable for use in pits or staging areas. With 4.31 lakh sports bike registrations in the United States in 2022, the increasing number of motorbike sports users is driving the growth of the on-road motorcycles market.
Get A Free Sample Of The Global On Road Motorcycles Market ReportGlobal On Road Motorcycles Market Segments
The on-road motorcycles market covered in this report is segmented –
1)By Type: Sports Bikes, Cruiser Motorcycles, Touring Motorcycles, Standard Motorcycles
2)By Application: Personal, Commercial
3)By End User: Offline, Online
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacificwas the largest region in the on-road motorcycles market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the on-road motorcycles market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major On Road Motorcycles Industry Players
Harley-Davidson Incorporation; Yamaha Motor Co. Ltd.; Ducati Motor Holding SpA; Honda Motor Co. Ltd.; Kawasaki Heavy Industries Ltd.; Suzuki Motor Corporation; Triumph Motorcycles Ltd.; Bayerische Motoren Werke AG; KTM AG; Aprilia SpA; Moto Guzzi; Vespa; Indian Motorcycle International LLC; Husqvarna Motorcycles GmbH; Royal Enfield; MV Agusta Motor SpA; Bajaj Auto Limited; Benelli QJ; Hyosung TNC Co. Ltd.; Zero Motorcycles Inc.; IMZ-Ural; Norton Motorcycle Co. Ltd.; Clews Competition Motorcycles; Lightning Motorcycles Crop.; Speedy Working Motors; Motus Motorcycles; Erik Buell Racing; Guangdong Tayo Motorcycle Technology Co. Ltd.; Bimota; Voxan Motors
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On Road Motorcycles Market Overview
On-road motorcycles refer to on-road vehicles that are built with fiber and metallic frames with an engine and various mechanical and electronic components and are also known as street motorcycles. The on-road motorcycles are used to ride on paved roads and highways for everyday use.
On Road Motorcycles Global Market Report 2023 provides data on the global on road motorcycles market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The on road motorcycles market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.