Global Cruiser Bikes Market is anticipated to reach US$ 94.40 Bn by 2029 from US$ 65.33 Bn. in 2022 at a CAGR of 5.4% during a forecast period. Cruiser bikes offer an aesthetic and loyal look when run on the road. The cruiser bikes have a driver seat is placed slightly at the back of the vehicle and a footrest placed in front of the vehicle. The growing trend for bike touring activities as well as the introduction of low-cost bikes drives the global cruiser bikes market.To know about the Research Methodology :- Request Free Sample Report
Market Dynamics
Increasing demand from customers for technologically advanced motorbikes, improvement in rider safety, and increased demand for advanced motorcycles are the factors driving the growth of the global cruiser bikes market during the forecast period (2023-2029). Similarly, increasing initiatives regarding the design and improvement of innovative systems and the introduction of advanced technologies in bikes are the factors that are expected to create a positive impact on the market's growth. The increase in sports bike users, as well as technological advances in manufacturing processes, designing, and electronics, and the growing demand for safety features and driver assistance to provide a safe and comfortable environment, is further driving the demand for motorbikes. Thus, several manufacturers are inventing techniques to build bikes that can run on eco-friendly solar energy, gas, or electricity resources. Rising demand from customers for technologically advanced motor bikes Motorcycles such as sportbikes, cruiser bikes, touring bikes, and mopeds have been adopted as they help to commute easily. Nowadays consumers are more inclined towards the electric as their bikes produce zero emissions, superior power output, reduced maintenance, and offer unique designs, which are expected to boost their demand over the forecast period. In addition, the growing demand for features in advanced motorbikes like advanced navigation, infotainment, telematics, and autonomous technologies are expected to drive the growth of the cruiser bikes market during the forecast period. Thus, the rise in demand for technologically advanced bikes is expected to boost the growth of the global bikes market, thereby creating a positive effect on the growth of the global cruiser bikes market during the forecast period. Increasing initiatives regarding the design and development of innovative systems Leading motorcycle manufacturers have made significant technological advancements in the design of bikes, which is expected to attract a large number of customers from across the globe. Thus, manufacturers like BMW, Kawasaki, Honda, and Yamaha, are designing bikes with AI and self-balancing technologies that can detect and act instantaneously according to the variations in the environment. For example, in 2022, AB Dynamics and AutoRD showcased the Autonomous BMW C1 calling it the world's first self-driving motorbike with autonomous software, sensors, rebalancing technology, radio controls, and GPS. Such initiatives are expected to boost the growth of the cruiser bikes market during the forecast period (2023-2029). Cruiser Bikes Market Segmentation Analysis By Engine Capacity, the more than 1000cc segment register the highest share in 2022, accounting for 50% of the global cruiser bikes market, and is expected to grow at xx% during the forecast period. The growth of the segment is attributed to the trend of touring activities by individuals across the globe. The 501cc to 1000cc segment is expected to hold the highest CAGR of 7.1% during the forecast period due to excellent performance, and the budget-friendly nature of vehicles with this engine.By Application, the touring segment held the highest share in 2020, accounting for xx% of the market share of the global cruiser bikes market. The growth of the segment is attributed to the growing touring activities among youngsters across the globe. In addition, the daily commute segment is expected to register the fastest CAGR of 7.1% during the forecast period. This is attributed to increased demand for advanced and high-performance bikes commuting nearby places.
Regional Insights
Asia-Pacific is expected to register the fastest CAGR of 7.4% during the forecast period, due to the growing demand for advanced bikes for traveling among individuals. In addition, North America is expected to grow at a CAGR of 5.3% during the forecast period. Europe contributed to the highest market share in 2022, and accounted one-third of the global cruiser bikes market. The growth of the region is attributed to the presence of leading companies like BMW AG, and Triumph Motorcycles. The objective of the report is to present a comprehensive analysis of the Cruiser Bikes Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Cruiser Bikes Market dynamics, structure by analyzing the market segments and project the Cruiser Bikes Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Cruiser Bikes Market make the report investor’s guide.Cruiser Bikes Market Scope: Inquire before buying
Cruiser Bikes Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 65.33 Bn. Forecast Period 2023 to 2029 CAGR: 5.4% Market Size in 2029: US $ 94.40 Bn. Segments Covered: by Engine Capacity Less Than 500cc 501cc to 1000 cc More Than 1000cc by Price Low Mid High by Application Daily Commute Touring Cruiser Bikes Market by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina and Rest of South America)Cruiser Bikes Market: Key Players are:
1. BMW AG 2. Harley Davidson 3. Hero Motocorp 4. Honda Motor Company 5. Piaggio 6. Suzuki Motor Company 7. Triumph Motorcycle 8. TVS 9. Yamaha 10.Zero Motorcycle 11.BAYERISCHE MOTOREN WERKE AKTIENGESELLSCHAFTFrequently Asked Questions
1. What is the projected market size & growth rate of Cruiser Bikes Market? Ans- Cruiser Bikes Market was valued at USD 65.33 billion in 2022 and is projected to reach USD 94.40 billion by 2029, growing at a CAGR of 5.4% during the forecast period. 2. What is the key driving factor for the growth of Cruiser Bikes Market? Ans- Increasing demand from customers for technologically advanced motorbikes, improvement in rider safety, and increased demand for advanced motorcycles are the factors driving the growth of the global cruiser bikes market during the forecast period (2023-2029). 3. Which Region accounted for the largest Cruiser Bikes Market share? Ans- Asia-Pacific is expected to register the fastest CAGR of 7.4% during the forecast period, 4. What makes Europe a Lucrative Market for Cruiser BikesMarket? Ans- The growth of the region is attributed to the presence of leading companies like BMW AG, and Triumph Motorcycles. 5. What are the top players operating in Cruiser BikesMarket? Ans- BMW AG, Harley Davidson, Hero Motocorp, Honda Motor Company, Piaggio, and Suzuki Motor Company.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Cruiser Bikes Market Size, by Market Value (US$ Bn) 3.1. Market Segmentation 3.2. Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Cruiser Bikes Market 3.4. Geographical Snapshot of the Cruiser BikesMarket, By Manufacturer share 4. Cruiser Bikes Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Cruiser Bikes Market 5. Supply Side and Demand Side Indicators 6. Cruiser Bikes Market Analysis and Forecast, 2022-2029 6.1. Cruiser Bikes Market Size & Y-o-Y Growth Analysis. 7. Cruiser Bikes Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Engine Capacity, 2022-2029 7.1.1. Less Than 500cc 7.1.2. 501cc to 1000 cc 7.1.3. More Than 1000cc 7.2. Market Size (Value) Estimates & Forecast By Price,2022-2029 7.2.1. Low 7.2.2. Mid 7.2.3. High 7.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 7.3.1. Daily Commute 7.3.2. Touring 8. Cruiser Bikes Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Cruiser Bikes Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Engine Capacity, 2022-2029 9.1.1. Less Than 500cc 9.1.2. 501cc to 1000 cc 9.1.3. More Than 1000cc 9.2. Market Size (Value) Estimates & Forecast By Price,2022-2029 9.2.1. Low 9.2.2. Mid 9.2.3. High 9.3. Market Size (Value) Estimates & Forecast By Application,2022-2029 9.3.1. Daily Commute 9.3.2. Touring 10. North America Cruiser Bikes Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Cruiser Bikes Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Engine Capacity,2022-2029 11.2. Market Size (Value) Estimates & Forecast By Price,2022-2029 11.3. Market Size (Value) Estimates & Forecast By Application,2022-2029 12. Canada Cruiser Bikes Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Engine Capacity,2022-2029 12.2. Market Size (Value) Estimates & Forecast By Price,2022-2029 12.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 13. Mexico Cruiser Bikes Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Engine Capacity,2022-2029 13.2. Market Size (Value) Estimates & Forecast By Price,2022-2029 13.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 14. Europe Cruiser Bikes Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Engine Capacity,2022-2029 14.2. Market Size (Value) Estimates & Forecast By Price,2022-2029 14.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 15. Europe Cruiser Bikes Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Cruiser Bikes Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Engine Capacity,2022-2029 16.2. Market Size (Value) Estimates & Forecast By Price,2022-2029 16.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 17. France Cruiser Bikes Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Engine Capacity,2022-2029 17.2. Market Size (Value) Estimates & Forecast By Price,2022-2029 17.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 18. Germany Cruiser Bikes Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Engine Capacity,2022-2029 18.2. Market Size (Value) Estimates & Forecast By Price,2022-2029 18.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 19. Italy Cruiser Bikes Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Engine Capacity,2022-2029 19.2. Market Size (Value) Estimates & Forecast By Price,2022-2029 19.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 20. Spain Cruiser Bikes Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Engine Capacity,2022-2029 20.2. Market Size (Value) Estimates & Forecast By Price,2022-2029 20.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 21. Sweden Cruiser Bikes Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Engine Capacity,2022-2029 21.2. Market Size (Value) Estimates & Forecast By Price,2022-2029 21.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 22. CIS Countries Cruiser Bikes Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Engine Capacity,2022-2029 22.2. Market Size (Value) Estimates & Forecast By Price,2022-2029 22.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 23. Rest of Europe Cruiser Bikes Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Engine Capacity,2022-2029 23.2. Market Size (Value) Estimates & Forecast By Price,2022-2029 23.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 24. Asia Pacific Cruiser Bikes Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Engine Capacity,2022-2029 24.2. Market Size (Value) Estimates & Forecast By Price,2022-2029 24.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 25. Asia Pacific Cruiser Bikes Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Cruiser Bikes Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Engine Capacity,2022-2029 26.2. Market Size (Value) Estimates & Forecast By Price,2022-2029 26.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 27. India Cruiser Bikes Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Engine Capacity,2022-2029 27.2. Market Size (Value) Estimates & Forecast By Price,2022-2029 27.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 28. Japan Cruiser Bikes Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Engine Capacity,2022-2029 28.2. Market Size (Value) Estimates & Forecast By Price,2022-2029 28.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 29. South Korea Cruiser Bikes Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Engine Capacity,2022-2029 29.2. Market Size (Value) Estimates & Forecast By Price,2022-2029 29.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 30. Australia Cruiser Bikes Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Engine Capacity,2022-2029 30.2. Market Size (Value) Estimates & Forecast By Price,2022-2029 30.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 31. ASEAN Cruiser Bikes Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Engine Capacity,2022-2029 31.2. Market Size (Value) Estimates & Forecast By Price,2022-2029 31.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 32. Rest of Asia Pacific Cruiser Bikes Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Engine Capacity,2022-2029 32.2. Market Size (Value) Estimates & Forecast By Price,2022-2029 32.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 33. Middle East Africa Cruiser Bikes Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Engine Capacity,2022-2029 33.2. Market Size (Value) Estimates & Forecast By Price,2022-2029 33.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 34. Middle East Africa Cruiser Bikes Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Cruiser Bikes Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Engine Capacity,2022-2029 35.2. Market Size (Value) Estimates & Forecast By Price,2022-2029 35.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 36. GCC Countries Cruiser Bikes Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Engine Capacity,2022-2029 36.2. Market Size (Value) Estimates & Forecast By Price,2022-2029 36.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 37. Egypt Cruiser Bikes Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Engine Capacity,2022-2029 37.2. Market Size (Value) Estimates & Forecast By Price,2022-2029 37.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 38. Nigeria Cruiser Bikes Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Engine Capacity,2022-2029 38.2. Market Size (Value) Estimates & Forecast By Price,2022-2029 38.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 39. Rest of ME&A Cruiser Bikes Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Engine Capacity,2022-2029 39.2. Market Size (Value) Estimates & Forecast By Price,2022-2029 39.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 40. South America Cruiser Bikes Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Engine Capacity,2022-2029 40.2. Market Size (Value) Estimates & Forecast By Price,2022-2029 40.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 41. South America Cruiser Bikes Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Cruiser Bikes Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Engine Capacity,2022-2029 42.2. Market Size (Value) Estimates & Forecast By Price,2022-2029 42.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 43. Argentina Cruiser Bikes Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Engine Capacity,2022-2029 43.2. Market Size (Value) Estimates & Forecast By Price,2022-2029 43.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 44. Rest of South America Cruiser Bikes Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Engine Capacity,2022-2029 44.2. Market Size (Value) Estimates & Forecast By Price,2022-2029 44.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Cruiser Bikes Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1. SEASTAR SOLUTIONS 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. BMW AG 45.3.3. Harley Davidson 45.3.4. Hero Motocorp 45.3.5. Honda Motor Company 45.3.6. Piaggio 45.3.7. Suzuki Motor Company 45.3.8. Triumph Motorcycle 45.3.9. TVS 45.3.10. Yamaha 45.3.11. Zero Motorcycle 46. Primary Key Insights