Press release
On-Road Motorcycles Market Report 2025-2034: Industry Overview, Trends, And Forecast Analysis
On-Road Motorcycles
What Is the Current On-Road Motorcycles Market Size and Its Estimated Growth Rate?
The market size for on-road motorcycles has experienced a swift expansion in the past few years. A predicted growth from $67.85 billion in 2024 to $74.65 billion in 2025, with a compound annual growth rate (CAGR) of 10.0%, is anticipated. Key factors contributing to this historic surge include the lifestyle and cultural attractiveness, fuel economy, urban transportation convenience, developing markets, the existence of motorcycle clubs and communities, along with safety regulations.
The market size of on-road motorcycles is predicted to experience swift expansion in the forthcoming years, escalating to $117.55 billion by 2029, with a compound annual growth rate (CAGR) of 12.0%. The surge in growth for the projected period is due to factors such as cultural and lifestyle patterns, environmental consciousness, economic situation, the emergence of electric motorcycles, market enlargement in developing economies, and the rise of shared mobility. Significant trends anticipated during the forecast period involve technology incorporation, heightened connectivity, the development of light, compact models, the rise of electric motorcycles, and the popularity of retro and vintage designs.
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How Are Emerging Segments Shaping the On-Road Motorcycles Market Landscape?
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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Which Growth Factors Are Influencing On-Road Motorcycles Market Expansion?
The growth of the on-road motorcycle market is anticipated to be driven by the increasing number of motorbike sports enthusiasts. Motorbike sports span a wide range of motorcycling sporting activities. During motorbike races and other analogous activities, on-road bikes are typically preferred due to their superior speed compared to off-road bikes. These on-road motorcycles are generally used by motorbike sports enthusiasts for navigating the pits or set-up areas during motocross races and similar events. For example, data from the Insurance Institute for Highway Safety (IIHS), a non-profit organization based in the US, indicates that the sports bike sector registered a total of 4.31 lakh in 2022 in the United States alone. As a result of this growing interest in motorbike sports, the on-road motorcycles market is expected to expand further.
Who Are the Dominant Players Across Different On-Road Motorcycles Market Segments?
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
What Are the Latest Developing Trends in the On-Road Motorcycles Market?
The emergence of product innovation is a significant trend in the on-road motorcycles industry that is garnering attention. The predominant companies in the on-road motorcycle sector are introducing novel products to maintain their standing in the market. For example, in September 2022, MG, a British automobile brand, unveiled the inventive MG4 electric car in Europe. The MG4 Electric is the pioneer in a collection of MG vehicles founded on the advanced new MSP (Modular Scalable Platform) developed by SAIC.
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Which Geographic Regions Are Expected to Dominate the On-Road Motorcycles Market in the Coming Years?
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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the On-Road Motorcycles Market?
2. What is the CAGR expected in the On-Road Motorcycles Market?
3. What Are the Key Innovations Transforming the On-Road Motorcycles Industry?
4. Which Region Is Leading the On-Road Motorcycles Market?
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