What is the Forecasted Market Size and Growth Rates for the Global On-Road Motorcycles Market?
With the on-road motorcycles market size growing from $67.85 billion in 2024 to $74.65 billion in 2025 at a compound annual growth rate (CAGR) of 10.0%, the historic growth phase was largely attributed to factors such as lifestyle and cultural appeal, fuel efficiency, urban mobility, emerging markets, motorcycle clubs and community, safety regulations.
The on-road motorcycles market is forecasted to further flourish to reach $117.55 billion in 2029 at a CAGR of 12.0% with growth drivers such as lifestyle and cultural trends, environmental awareness, economic conditions, electric motorcycles, market expansion in emerging economies and shared mobility. Major trends in the forecast period include technology integration, advanced connectivity, lightweight and compact models, electric motorcycles, and retro and vintage styling. Key insights on both historic and forecast market sizes can be found in this research report.
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What are the Key Growth Drivers for the On-Road Motorcycles Market?
The increasing popularity and participants in motorbike sports are crucial factors propelling the on-road motorcycles market. On-road bikes are used extensively in motorbike racing for their superior speed compared to off-road bikes. Motorbike sports users use their on-road motorcycles for riding around the pits or staging areas of motocross races and other motorbike sports. For instance, the motorbike sports segment in the United States registered a significant rise with registration crossing 4.31 lakh in 2022 according to the data from the Insurance Institute for Highway Safety (IIHS), a US-based non-profit organization.
What are the prominent Segments within the Global On-Road Motorcycles Market?
The global on-road motorcycles market encompasses several segments:
1) By Type: Sports Bikes, Cruiser Motorcycles, Touring Motorcycles, Standard Motorcycles
2) By Application: Personal, Commercial
3) By End User: Offline, Online
These segments are further crucial to the interpretation of the comprehensive market dynamics.
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Who are the Key Players in the On-Road Motorcycles Market?
Major companies operating in the on-road motorcycles market include 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., Lightning Motorcycles Crop., Guangdong Tayo Motorcycle Technology Co. Ltd., Bimota, and Voxan Motors. These giants shape the competitive landscape with their operational strategies and product innovations.
What are the latest trends in the On-Road Motorcycles Market?
Innovation is the buzzword in the on-road motorcycles market. Major companies operating in the market are developing new products to maintain their niche in the industry. For instance, in September 2022, MG, a British automotive marque, launched the innovative MG4 electric car in Europe. MG4 electric is the first in a range of MG vehicles built on the sophisticated new MSP (Modular Scalable Platform) developed by SAIC.
Which Region Is Set to Witness the Fastest Growth in the On-Road Motorcycles Market?
Asia-Pacific held the lion’s share of the on-road motorcycles market in 2024, while North America is projected as the fastest-growing region in the future. The report provides data for regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The On-Road Motorcycles Market Report 2025 Offer?
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. These motorcycles are primarily used to ride on paved roads and highways for everyday use. The On-Road Motorcycles Market research report from The Business Research Company offers insights into global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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