Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Cruiser Motorcycle Market Size is Expected to Grow from USD 65.41 Billion in 2023 to USD 109.57 Billion by 2033, Growing at a CAGR of 5.29% during the forecast period 2023-2033.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on The Global Cruiser Motorcycle Market Size, Share, and COVID-19 Impact Analysis, By Engine Capacity (Less Than 500cc, 501cc to 1000 cc, More Than 1000cc), By Application (Personal, Commercial), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033
The global cruiser motorcycle market refers to a subsegment of the motorcycle industry that manufactures and distributes a relaxed and comfortable motorcycle integrated with high-speed performance. The market growth is influenced by their outstanding stability and easy riding experience; cruisers are preferred by tourists and leisure bikers. Moreover, the global market is boosted by this tendency, which is especially noticeable among Gen-Z and millennial consumers. The rise in popularity of recreational biking supports the market growth. Cruiser bike manufacturers have spent significant investments due to the growing trend of customisation and customization, which propels the market expansion. However, the market expansion is impeded due to the existence of defective components, poor construction, and overall defective design.
The more than 1000cc segment dominated the global cruiser motorcycle market in 2023 and is anticipated to grow at a substantial CAGR over the forecast period.
On the basis of the engine capacity, the global cruiser motorcycle market is divided into less than 500cc, 501cc to 1000 cc, and more than 1000cc. Among these, the more than 1000cc segment dominated the global cruiser motorcycle market in 2023 and is anticipated to grow at a substantial CAGR over the forecast period. This segment growth is influenced by their strong performance, which makes for an enjoyable and thrilling ride, which is concurrently an ideal choice during motorcycle tourism.
The commercial segment held a significant share of the global cruiser motorcycle market in 2023 and is expected to grow at a rapid pace over the forecast period.
On the basis of the application, the global cruiser motorcycle market is categorized into personal, commercial. Among these, the commercial segment held a significant share of the global cruiser motorcycle market in 2023 and is expected to grow at a rapid pace over the forecast period. This segment growth is driven by growth in tourism and consumers' experiences, particularly in picturesque and adventurous locations, by two-wheeler.
Asia Pacific is anticipated to hold the greatest share of the global cruiser motorcycle market over the forecast period.
Asia Pacific is predicted to hold the largest share of the global cruiser motorcycle market over the forecast period. The regional market growth is driven by the growing popularity among the young population and their rising appeal of motorcycling as a leisure activity. Furthermore, the growing popularity of adventure and motorbike tourism in the region is opening up new markets and growing opportunities for suppliers and manufacturers.
North America is expected to grow at the fastest CAGR of the global cruiser motorcycle market over the forecast period. The market growth throughout the region is further accelerated by its established riding culture and high inclination for leisure activities. Moreover, the demand for outdoor recreation contributed to the rise in popularity of biking, which has significantly impacted the market growth.
Company Profiling
Major vendors in the global cruiser motorcycle market are BMW AG, Harley Davidson, Hero Motocorp, Honda Motor Company, Piaggio, Suzuki Motor Company, Triumph Motorcycle, TVS, Yamaha, Zero Motorcycle, Bajaj Auto Ltd., Classic Legends Pvt. Ltd., Eicher Motors Ltd., Kawasaki Heavy Industries Ltd., and others.
Key Target Audience
Recent Development:
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global cruiser motorcycle market based on the below-mentioned segments:
Global Cruiser Motorcycle Market, By Engine Capacity
Global Cruiser Motorcycle Market, By Application
Global Cruiser Motorcycle Market, By Regional
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