Press release
On-Road Motorcycles Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
On-Road Motorcycles Market
The anticipation of the on-road motorcycles market expanding is due to the escalating number of motorbike sports users. Motorbike sport is an expansive field, covering all sporting areas associated with motorcycling. On-road bikes are often preferred in motorbike racing and other motorbike sports, due to their speed superiority over off-road bikes. These on-road bikes are commonly used by motorbike sports enthusiasts for transportation around the pits or staging zones during motocross races and other motorbike competitions. For example, the Insurance Institute for Highway Safety (IIHS), an American non-profit organization, reported that the sports bike segment had 4.31 lakh registrations in the United States in 2022. Hence, the increasing number of motorbike sports users implies progress in the on-road motorcycles market.
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What is the future CAGR of the on-road motorcycles market, and how will it impact industry expansion?
The market size of on-road motorcycles has seen fast-paced growth in the past few years. The market is predicted to climb from $67.85 billion in 2024 to $74.65 billion in 2025, marking a compound annual growth rate (CAGR) of 10.0%. Influencing factors for its historical growth encompass lifestyle and cultural appeal, fuel efficiency, city mobility, up-and-coming markets, the formation of motorcycle clubs and the community, along with safety regulations.
The market for on-road motorcycles is predicted to expand swiftly in the years to come, reaching a net worth of $117.55 billion by 2029 with a compound annual growth rate (CAGR) of 12.0%. This growth throughout the forecast period can be credited to aspects such as lifestyle and cultural trends, environmental consciousness, economic factors and conditions, introduction of electric motorcycles, expanding markets in emerging economies, and shared mobility. The market will also witness crucial trends in this period, including the incorporation of technology, advanced connectivity features, the advent of lightweight and compact models, increased demand for electric motorcycles, and the popularity of retro and vintage design.
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What are the most significant trends transforming the on-road motorcycles market today?
In the on-road motorcycles market, the significant trend that's capturing attention is product innovation. To maintain their dominance in the on-road motorcycle market, leading companies are introducing new products. For example, MG, a British car brand, in September 2022, unveiled the inventive MG4 electric car in Europe. The MG4 electric is the first of many MG vehicles designed on the advanced new MSP (Modular Scalable Platform) by SAIC.
Which key market segments comprise the on-road motorcycles market and drive its revenue growth?
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
Subsegments:
1) By Sports Bikes: Superbikes, SuperSport Bikes, Naked Sports Bikes, Adventure Sport Bikes
2) By Cruiser Motorcycles: Classic Cruisers, Power Cruisers, Touring Cruisers, Custom Cruisers
3) By Touring Motorcycles: Full-Size Touring Bikes, Adventure Touring Bikes, Sport Touring Bikes, Lightweight Touring Bikes
4) By Standard Motorcycles: Retro Standards, Commuter Motorcycles, Universal Motorcycles, Dual-Sport Motorcycles
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What regions are at the forefront of on-road motorcycles market expansion?
Asia-Pacific was the largest region in the on-road motorcycles market in 2024.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
Who are the leading players fueling growth 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, Voxan Motors
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What Is Covered In The On-Road Motorcycles Global Market Report?
•Market Size Forecast: Examine the on-road motorcycles market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the on-road motorcycles market for a structured understanding.
•Key Players Overview: Analyze major players in the on-road motorcycles market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the on-road motorcycles market.
•Segment Contributions: Evaluate how different segments drive overall growth in the on-road motorcycles market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the on-road motorcycles market.
•Industry Challenges: Identify potential risks and obstacles affecting the on-road motorcycles market.
•Competitive Landscape: Review strategic developments in the on-road motorcycles market, including expansions, agreements, and new product launches.
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