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The cruiser bikes market share is expected to increase to USD 15.49 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.18%.
This cruiser bikes market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers cruiser bikes market segmentation by engine capacity (more than 1000 cc, less than 500 cc, and 501 cc to 1000 cc) and geography (North America, Europe, APAC, Middle East and Africa, and South America). The cruiser bikes market report also offers information on several market vendors, including Bajaj Auto Ltd., Bayerische Motoren Werke AG, Classic Legends Pvt. Ltd., Eicher Motors Ltd., Harley Davidson Inc., Hero MotoCorp Ltd., Honda Motor Co. Ltd., Kawasaki Heavy Industries Ltd., KLB KOMAKI PVT LTD, Lifan Technology Group Co. Ltd., LVMC Holdings Co. Ltd., Piaggio and C. Spa, Polaris Inc., Suzuki Motor Corp., Triumph Motorcycles Ltd., TVS Motor Co. Ltd., Volkswagen AG, Yamaha Motor Co. Ltd., Zero Motorcycles Inc., and Zhejiang Qianjiang Motorcycle Co. Ltd. among others.
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The rising demand from customers for technologically advanced motorbikes is notably driving the cruiser bikes market growth, although factors such as the faulty parts, poor build quality, and design issues associated with cruiser bikes may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the cruiser bikes industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Cruiser Bikes Market Driver
Key Cruiser Bikes Market Trend
Key Cruiser Bikes Market Challenge
This cruiser bikes market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global cruiser bikes market as a part of the global motorcycle market within the global automobiles market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the cruiser bikes market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the cruiser bikes market encompasses successful business strategies deployed by the key vendors. The cruiser bikes market is fragmented and the vendors are deploying growth strategies such as mergers and acquisitions to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The cruiser bikes market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the cruiser bikes market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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48% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for cruiser bikes in North America. Market growth in this region will be faster than the growth of the market in the South American and MEA regions.
The rising demand from customers for technologically advanced motorbikes, improvement in the safety of riders, increase in the per capita income of the consumer and increased demand for advanced motorcycles supplements will facilitate the cruiser bikes market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the outbreak of COVID-19 in the region negatively impacted several businesses, especially in the manufacturing sector. However, in H2 2020, the introduction of vaccines led to a decline in the number of COVID-19 cases in the region. This has led to the lifting of restrictions and the reopening of manufacturing units, which has resulted in the availability of the workforce and the resumption of supply chain activities in the region. Thus, the regional market for cruiser bikes is expected to witness growth during the forecast period.
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The cruiser bikes market share growth by the more than 1000 cc segment will be significant during the forecast period. The growth of the segment is attributed to the trend of touring activities by individuals across the world. The demand for more than 1000cc cruiser bikes is expected to increase owing to the factors such as the increasing trend of touring activities by individuals across the world and the growing demand for more power and torque by the consumers. Hence, such factors are expected to drive the growth of the market during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the cruiser bikes market size and actionable market insights on post COVID-19 impact on each segment.
Cruiser Bikes Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.18% |
Market growth 2022-2026 |
$ 15.49 billion |
Market structure |
Fragmented |
YoY growth (%) |
4.58 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
North America at 48% |
Key consumer countries |
US, Canada, India, France, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Bajaj Auto Ltd., Bayerische Motoren Werke AG, Classic Legends Pvt. Ltd., Eicher Motors Ltd., Harley Davidson Inc., Hero MotoCorp Ltd., Honda Motor Co. Ltd., Kawasaki Heavy Industries Ltd., KLB KOMAKI PVT LTD, Lifan Technology Group Co. Ltd., LVMC Holdings Co. Ltd., Piaggio and C. Spa, Polaris Inc., Suzuki Motor Corp., Triumph Motorcycles Ltd., TVS Motor Co. Ltd., Volkswagen AG, Yamaha Motor Co. Ltd., Zero Motorcycles Inc., and Zhejiang Qianjiang Motorcycle Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Engine Capacity
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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