Edit Content
Bizwit-Logo-Final

Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Global On-road Motorcycles Market to reach USD XX billion by 2028

Global On-road Motorcycles Market Size study, By Type Outlook (Sports Bikes, Cruiser Motorcycles, Touring Motorcycles, Standard Motorcycles), and Regional Forecasts 2022-2028

Product Code: ALTPCV-92833916
Publish Date: 27-09-2022
Page: 200

Global On-road Motorcycles Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2028.

One of the major drivers fueling the market’s expansion is the motorcycle industry’s growing emphasis on creating high-performance and comfortable motorcycles. The demand for on-road motorbikes is also influenced by factors such as strong disposable income, the regular introduction of better and more efficient products, a surge in the customizing trend, and an increase in the number of motorbike sports users. Some of the issues impeding the growth of the on-road motorbikes market include the expensive price of the product and the uncomfortable seating arrangement. To increase their market share as much as possible, the majority of the leading companies in the on-road motorbike market are employing a mergers, acquisitions, and new product introduction strategy. For instance, Tern PLC, a manufacturing company with its headquarters in the United Kingdom, launched Quick Haul e-bike is the company’s most affordable Bosch mid-drive cargo electric bike in March 2022. And the cycle comes with Ta rear rack that has enough capacity for securing gear, adding passenger seats, or even using Tern’s pet-carrying attachments. Along with this, in October 2021, Brompton, a bicycle manufacturing company, launched its 2022 range of bikes comprising of folding bikes in the A Line, C Line, and Electric C Line models.

The key regions considered for the global On-road Motorcycles Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Europe is the leading region over the globe. The European Association of Motorcycle Manufacturers (ACEM) estimates that in 2020, major European nations including Germany, Italy, France, the UK, and Spain would account for around 80% of sales. The demand for on-road motorcycles has increased as a result of the expanding travel and tourism sector in Europe. The Asia Pacific is the growing with the fastest CAGR across the world in terms of market share due to India and China were the two main markets that produced significant revenue for the on-road motorbike market in 2020, according to Mark Lines Co., Ltd. OEMs are building manufacturing facilities in these nations to avoid paying import charges and to gain a competitive edge in the motorcycle industry due to the high demand for on-road motorcycles in growing Asian nations like India, Japan, Indonesia, and Vietnam. As a result, it is anticipated that the aforementioned variables will help to drive up on-road motorcycle sales in the area.

Major market players included in this report are:
Harley-Davidson Incorporation
Yamaha Motor Co., Ltd.
Ducati Motor Holding S.p.A.
Honda Motor Co., Ltd.
Kawasaki Heavy Industries, Ltd.
BMW AG
Suzuki Motor Corporation
Hero MotoCorp Limited
Bajaj Auto Ltd.
TVS Motor Company

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 eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed inApplicationation about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available 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 Type Outlook
Sports Bikes
Cruiser Motorcycles
Touring Motorcycles
Standard Motorcycles
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global On-road Motorcycles Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Global On-road Motorcycles Market, by Region, 2020-2028 (USD Billion)
1.2.2. Global On-road Motorcycles Market, by Type Outlook, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global On-road Motorcycles Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global On-road Motorcycles Market Dynamics
3.1. On-road Motorcycles Market Impact Analysis (2020-2028)
3.1.1. Market Drivers
3.1.1.1. Rising adoption of motorcycle
3.1.1.2. Technological developments in On-road Motorcycles
3.1.2. Market Challenges
3.1.2.1. High cost of motorcycle
3.1.3. Market Opportunities
3.1.3.1. Rising product launches
Chapter 4. Global On-road Motorcycles 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
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global On-road Motorcycles Market, by Type Outlook
6.1. Market Snapshot
6.2. Global On-road Motorcycles Market by Type Outlook, Performance – Potential Analysis
6.3. Global On-road Motorcycles Market Estimates & Forecasts by Type Outlook 2018-2027 (USD Billion)
6.4. On-road Motorcycles Market, Sub Segment Analysis
6.4.1. Sports Bikes
6.4.2. Cruiser Motorcycles
6.4.3. Touring Motorcycles
6.4.4. Standard Motorcycles

Chapter 7. Global On-road Motorcycles Market, Regional Analysis
7.1. On-road Motorcycles Market, Regional Market Snapshot
7.2. North America On-road Motorcycles Market
7.2.1. U.S. On-road Motorcycles Market
7.2.1.1. Type Outlook estimates & forecasts, 2018-2027
7.2.2. Canada On-road Motorcycles Market
7.3. Europe On-road Motorcycles Market Snapshot
7.3.1. U.K. On-road Motorcycles Market
7.3.2. Germany On-road Motorcycles Market
7.3.3. France On-road Motorcycles Market
7.3.4. Spain On-road Motorcycles Market
7.3.5. Italy On-road Motorcycles Market
7.3.6. Rest of Europe On-road Motorcycles Market
7.4. Asia-Pacific On-road Motorcycles Market Snapshot
7.4.1. China On-road Motorcycles Market
7.4.2. India On-road Motorcycles Market
7.4.3. Japan On-road Motorcycles Market
7.4.4. Australia On-road Motorcycles Market
7.4.5. South Korea On-road Motorcycles Market
7.4.6. Rest of Asia Pacific On-road Motorcycles Market
7.5. Latin America On-road Motorcycles Market Snapshot
7.5.1. Brazil On-road Motorcycles Market
7.5.2. Mexico On-road Motorcycles Market
7.6. Rest of The World On-road Motorcycles Market

Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. Harley-Davidson Incorporation
8.2.1.1. Key Information
8.2.1.2. Overview
8.2.1.3. Financial (Subject to Data Availability)
8.2.1.4. Product Summary
8.2.1.5. Recent Developments
8.2.2. Yamaha Motor Co., Ltd.
8.2.3. Ducati Motor Holding S.p.A.
8.2.4. Honda Motor Co., Ltd.
8.2.5. Kawasaki Heavy Industries, Ltd.
8.2.6. BMW AG
8.2.7. Suzuki Motor Corporation
8.2.8. Hero MotoCorp Limited
8.2.9. Bajaj Auto Ltd.
8.2.10. TVS Motor Company
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. 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.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
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.
Data Analysis:
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.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

Need Assistance

Contact Person -
Krishant Mennon
Call us @
+ 91 99931 15879
Email: sales@bizwitresearch.com

Checkout

Why Choose Us?

Quality over Quantity

Backed by 60+ paid data sources our reports deliver crisp insights with no compromise quality.

Analyst Support

24x7 Chat Support plus
free analyst hours with every purchase

Flawless Methodology

Our 360-degree approach of market study, our research methods leave stones unturned.

Enquiry Now