Cruiser Bike Market was valued at USD 1.15 Billion in 2022 and is projected to reach USD 1.77 Billion by 2030, growing at a CAGR of 6.0% from 2024 to 2030.
The cruiser bike market was valued at approximately USD 7.5 billion in 2022, with a notable compound annual growth rate (CAGR) of 5.8% expected from 2022 to 2027. This growth trajectory reflects increasing consumer demand for versatile and stylish motorbikes, driven by a blend of aesthetic appeal and enhanced comfort features. The market expansion is significantly attributed to the rising popularity of recreational riding and the growing trend of motorcycle tourism, particularly in urban and suburban areas. Additionally, the surge in disposable incomes and shifting consumer preferences towards premium and customized two-wheelers are contributing to the market's robust growth.
Emerging markets, particularly in Asia-Pacific and Latin America, present substantial opportunities for market expansion. As economies in these regions continue to develop, an increasing number of consumers are turning towards cruiser bikes for both commuting and leisure. This growing consumer base, coupled with favorable government policies and infrastructural improvements, creates a conducive environment for market players to capitalize on. The rising adoption of electric cruiser bikes further offers a new avenue for growth, aligning with the global push towards sustainable and eco-friendly transportation solutions.
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Ducati
Benelli
Kawasaki
BMW AG
Harley Davidson
Victory
Indian
Piaggio
Triumph Motorcycle
Honda Motor Company
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Cruiser Bike Market
Racing
Amateurish
Based on Types the Market is categorized into Below types that held the largest Cruiser Bike market share In 2023.
Less Than 500cc
501cc to 1000 cc
More Than 1000cc
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Cruiser Bike Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Cruiser Bike Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Cruiser Bike Market, By Type
6. Global Cruiser Bike Market, By Application
7. Global Cruiser Bike Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Cruiser Bike Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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