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On-Road Motorcycles Market Report 2024: Trends, Growth, Size, Share, Analysis, Forecast 2033
On-Road Motorcycles Market Report
As per the report, the on-road motorcycles market size has grown rapidly in recent years. It will grow from $62.17 billion in 2023 to $68.79 billion in 2024 at a compound annual growth rate (CAGR) of 10.6%. The on-road motorcycles market size is expected to see rapid growth in the next few years. It will grow to $105.41 billion in 2028 at a compound annual growth rate (CAGR) of 11.3%.
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Motorbike Sports Enthusiasts Fueling Growth In The On-Road Motorcycles Market
The rising number of motorbike sports users is expected to propel the growth of the on-road motorcycles market going forward. Motorbike sport is a broad field that encompasses all sporting aspects of motorcycling. In motorbike racing and other motorbike sports, on-road bikes are used as they are much faster than off-road bikes and motorbike sports users use their on-road motorcycles for riding around the pits or staging areas of a motocross races and other motorbike sports. For instance, according to the Insurance Institute for Highway Safety (IIHS), a US-based non-profit organization, registration for the sports bike segment in the United States, 4.31 lakh in 2022. Therefore, the rising number of motorbike sports users is driving the on-road motorcycles market.
Innovative Product Launches In The On-Road Motorcycles Market
Product innovation is a key trend gaining popularity in the on-road motorcycles market. Major companies operating in the on-road motorcycle market are developing new products to sustain their position in the on-road motorcycle market. For instance, in September 2022, MG, a British automotive marque, launched innovative MG4 electric car in the Europe. MG4 electric is the first in a range of MG vehicles that are built on sophisticated new MSP (Modular Scalable Platform) developed by SAIC.
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
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Major companies operating in the on-road motorcycles market report are 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
Contents of the report:
1. Executive Summary
2. On-Road Motorcycles Market Report Structure
3. On-Road Motorcycles Market Trends And Strategies
4. On-Road Motorcycles Market - Macro Economic Scenario
5. On-Road Motorcycles Market Size And Growth
…..
27. On-Road Motorcycles Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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