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Global Cruiser Bikes Market to reach USD 105.89 billion by the end of 2030

Global Cruiser Bikes Market Size study & Forecast, by Engine Capacity (Less Than 500cc, 501cc to 1000 cc and More Than 1000cc), by Price (Low, Mid and High) by Application (Daily Commute and Touring) and Regional Analysis, 2023-2030

Product Code: ALTAWT-28388334
Publish Date: 20-07-2023
Page: 200

Global Cruiser Bikes Market is valued at approximately USD 69.0 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5.5% over the forecast period 2023-2030. A cruiser bike is a bicycle that is designed for recreational and comfortable cycling, it has an upright seating posture, a wide and oversized saddle, balloon tires, and a single-speed drivetrain. It can be customized with accessories such as fenders, lights, and saddle bags. It is suitable for use on paved roads and at low speeds/distances. The Cruiser Bikes Market is expanding because of factors such as increased demand for advanced motorcycles and rising environmental awareness. Moreover, rising environmental awareness has increase demand for eco-friendly transportation alternatives like bicycles. Cruiser bikes are a popular choice for sustainable commuting, reducing carbon emissions and promoting an environmentally conscious lifestyle.

According to Statista, the global motorbike market is projected to experience significant growth between 2023 and 2027, with an estimated revenue of USD 39.7 billion, reflecting a substantial increase of 30.79%. By 2027, the market is anticipated to reach a revenue of USD 168.58 billion. Furthermore, in January 2022, China produced approximately 1.42 million motorcycles. The biggest monthly motorcycle manufacturing record for 2021 occurred in April when about 1.91 million units were produced. In addition, technological advancement in cruiser bikes and increased demand for motorcycles. However, high initial investment cost and a high risk of accidents stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Cruiser Bikes Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. The Asia Pacific is dominating the region in 2022 owing to the factors such as, expansion of the automotive industry in the area and increased demand for luxurious motorbikes are expected to increase the growth of the market. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as the rise in per capita income of consumers in the region, enhanced designs, and the use of cutting-edge technology are anticipated to fuel market expansion.

Major market player included in this report are:
Bayerische Motoren Werke AG
Harley Davidson,Inc.
Hero MotoCorp Ltd.
Honda Motor Company, Ltd.
Piaggio & C. SpA
Suzuki Motor Corporation
Triumph Motorcycle Ltd.
Sundram Iyengar & Sons Ltd.
Yamaha Motor Co., Ltd
Zero Motorcycle

Recent Developments in the Market:
Ø In July 2021, The launch of Kawasaki’s W175 in India, equipped with disc brakes and a 175cc engine. It introduced a motorcycle with strong torque and powerful performance, creating a competitive edge in the segment
Ø In April 2021, The launch of the Royal Enfield Meteor 350 in the USA effectively stimulated the market and generated significant consumer interest, leading to increased demand for Royal Enfield motorcycles. The introduction of these new product offerings successfully attracted consumers and contributed to the growth of the brand.

Global Cruiser Bikes Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Engine Capacity, Price, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Engine Capacity:
Less Than 500cc
501cc to 1000 cc
More Than 1000cc

By Price:

By Application:
Daily Commute

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Cruiser Bikes Market, by Region, 2020-2030 (USD Billion)
1.2.2. Cruiser Bikes Market, by Engine capacity , 2020-2030 (USD Billion)
1.2.3. Cruiser Bikes Market, by Price, 2020-2030 (USD Billion)
1.2.4. Cruiser Bikes Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Cruiser Bikes Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Cruiser Bikes Market Dynamics
3.1. Cruiser Bikes Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increased demand for advanced motorcycles Rising environmental awareness.
3.1.2. Market Challenges High initial investment cost High risk of accidents
3.1.3. Market Opportunities Technological advancement in cruiser bikes Increased demand for motorcycles.
Chapter 4. Global Cruiser Bikes Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Cruiser Bikes Market, by Engine capacity
5.1. Market Snapshot
5.2. Global Cruiser Bikes Market by Engine capacity , Performance – Potential Analysis
5.3. Global Cruiser Bikes Market Estimates & Forecasts by Engine capacity 2020-2030 (USD Billion)
5.4. Cruiser Bikes Market, Sub Segment Analysis
5.4.1. Less Than 500cc
5.4.2. 501cc to 1000 cc
5.4.3. More Than 1000cc
Chapter 6. Global Cruiser Bikes Market, by Price
6.1. Market Snapshot
6.2. Global Cruiser Bikes Market by Price, Performance – Potential Analysis
6.3. Global Cruiser Bikes Market Estimates & Forecasts by Price 2020-2030 (USD Billion)
6.4. Cruiser Bikes Market, Sub Segment Analysis
6.4.1. Low
6.4.2. Mid
6.4.3. High
Chapter 7. Global Cruiser Bikes Market, by Application
7.1. Market Snapshot
7.2. Global Cruiser Bikes Market by Application, Performance – Potential Analysis
7.3. Global Cruiser Bikes Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
7.4. Cruiser Bikes Market, Sub Segment Analysis
7.4.1. Daily Commute
7.4.2. Touring
Chapter 8. Global Cruiser Bikes Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Cruiser Bikes Market, Regional Market Snapshot
8.4. North America Cruiser Bikes Market
8.4.1. U.S. Cruiser Bikes Market Engine capacity breakdown estimates & forecasts, 2020-2030 Price breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Cruiser Bikes Market
8.5. Europe Cruiser Bikes Market Snapshot
8.5.1. U.K. Cruiser Bikes Market
8.5.2. Germany Cruiser Bikes Market
8.5.3. France Cruiser Bikes Market
8.5.4. Spain Cruiser Bikes Market
8.5.5. Italy Cruiser Bikes Market
8.5.6. Rest of Europe Cruiser Bikes Market
8.6. Asia-Pacific Cruiser Bikes Market Snapshot
8.6.1. China Cruiser Bikes Market
8.6.2. India Cruiser Bikes Market
8.6.3. Japan Cruiser Bikes Market
8.6.4. Australia Cruiser Bikes Market
8.6.5. South Korea Cruiser Bikes Market
8.6.6. Rest of Asia Pacific Cruiser Bikes Market
8.7. Latin America Cruiser Bikes Market Snapshot
8.7.1. Brazil Cruiser Bikes Market
8.7.2. Mexico Cruiser Bikes Market
8.8. Middle East & Africa Cruiser Bikes Market
8.8.1. Saudi Arabia Cruiser Bikes Market
8.8.2. South Africa Cruiser Bikes Market
8.8.3. Rest of Middle East & Africa Cruiser Bikes Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Bayerische Motoren Werke AG Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. Harley Davidson, Inc.
9.3.3. Hero MotoCorp Ltd.
9.3.4. Honda Motor Company, Ltd.
9.3.5. Piaggio & C. SpA
9.3.6. Suzuki Motor Corporation
9.3.7. Triumph Motorcycle Ltd.
9.3.8. Sundram Iyengar & Sons Ltd.
9.3.9. Yamaha Motor Co., Ltd
9.3.10. Zero Motorcycle
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Data Collection:
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In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
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Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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