North America On-road Motorcycles Market Size, Share & Industry Trends Analysis Report By Type (Cruiser Motorcycle, Touring Motorcycle, Sports Bike, and Standard Motorcycle), By Country and Growth Forecast, 2023 - 2030
The North America On-road Motorcycles Market would witness market growth of 5.7% CAGR during the forecast period (2023-2030).
The on-road motorcycle is also referred to as a street motorcycle. Motorcycles designed for use on paved roads are called "on-road motorcycles." Some are designed for long-distance driving, while others are exclusively for neighbourhood cruising. The market is expected to increase significantly because motorcycle sports are becoming increasingly popular, customization is becoming increasingly popular, and manufacturers consistently release better and more capable products.
Standard, cruiser, sports bike, and touring are all classifications of on road motorcycles. Touring motorcycles have a fairing and luggage. Cruiser motorcycles have pullback bars and low-stepped seats. Sport motorcycles are built for speed, with low handlebars and rear-seat pegs. Street motorcycles with multiple uses and versatility are known as standards. Standards are highly compatible with novice motorcycles due to their adaptability, affordability, and moderate power output. Inventions in the automobile sector pave the way for improved and safer on road motorcycles regarding comfort, suspension, and safety.
Canada boasts expansive and diverse landscapes, making it an attractive recreational ride and tourism destination. Motorcycle enthusiasts are drawn to scenic routes such as the Cabot Trail in Nova Scotia and the Icefields Parkway in Alberta. The appeal of exploring Canada's natural beauty on two wheels contributes to the growth of on road motorcycles. Canada has a cultural affinity for motorcycling, with many enthusiasts who appreciate the freedom, adventure, and camaraderie associated with riding. This cultural connection supports the ongoing popularity and expansion of the on-road motorcycle in Canada. In urban centers across Canada, motorcycles are recognized as practical and efficient modes of transportation, especially for commuting. Due to these aspects, the market will expand across the North America region in upcoming years.
The US market dominated the North America On-road Motorcycles Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $9,349.2 Million by 2030. The Canada market is experiencing a CAGR of 8.1% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 7.1% during (2023 - 2030).
Based on Type, the market is segmented into Cruiser Motorcycle, Touring Motorcycle, Sports Bike, and Standard Motorcycle. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Harley-Davidson, Inc., Yamaha Corporation (Menchey Music Service, Inc.), Honda Motor Co. Ltd., Kawasaki Heavy Industries, Ltd., BMW Group, Suzuki Motor Corporation, Ducati Motor Holding S.p.A (Volkswagen AG), Bajaj Auto Ltd., TVS Motor Company Ltd. (TVS Holdings Limited), Hero MotoCorp Ltd
Scope of the Study
Market Segments covered in the Report:
By Type
- Cruiser Motorcycle
- Touring Motorcycle
- Sports Bike
- Standard Motorcycle
- US
- Canada
- Mexico
- Rest of North America
- Harley-Davidson, Inc.
- Yamaha Corporation (Menchey Music Service, Inc.)
- Honda Motor Co. Ltd.
- Kawasaki Heavy Industries, Ltd.
- BMW Group
- Suzuki Motor Corporation
- Ducati Motor Holding S.p.A (Volkswagen AG)
- Bajaj Auto Ltd.
- TVS Motor Company Ltd. (TVS Holdings Limited)
- Hero MotoCorp Ltd
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- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America On-road Motorcycles Market, by Type
- 1.4.2 North America On-road Motorcycles Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.3 Porter’s Five Forces Analysis
- Chapter 4. Strategies Deployed in On-road Motorcycles Market
- Chapter 5. North America On-road Motorcycles Market, by Type
- 5.1 North America Cruiser Motorcycle Market, by Country
- 5.2 North America Touring Motorcycle Market, by Country
- 5.3 North America Sports Bike Market, by Country
- 5.4 North America Standard Motorcycle Market, by Country
- Chapter 6. North America On-road Motorcycles Market, by Country
- 6.1 US On-road Motorcycles Market
- 6.1.1 US On-road Motorcycles Market, by Type
- 6.2 Canada On-road Motorcycles Market
- 6.2.1 Canada On-road Motorcycles Market, by Type
- 6.3 Mexico On-road Motorcycles Market
- 6.3.1 Mexico On-road Motorcycles Market, by Type
- 6.4 Rest of North America On-road Motorcycles Market
- 6.4.1 Rest of North America On-road Motorcycles Market, by Type
- Chapter 7. Company Profiles
- 7.1 Harley-Davidson, Inc.
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Segmental and Regional Analysis
- 7.1.4 Recent strategies and developments:
- 7.1.4.1 Partnerships, Collaborations, and Agreements:
- 7.1.4.2 Product Launches and Product Expansions:
- 7.1.5 SWOT Analysis
- 7.2 Yamaha Corporation (Menchey Music Service, Inc.)
- 7.2.1 Company Overview
- 7.2.2 Financial Analysis
- 7.2.3 Regional & Segmental Analysis
- 7.2.4 Research & Development Expenses
- 7.2.5 Recent strategies and developments:
- 7.2.5.1 Partnerships, Collaborations, and Agreements:
- 7.2.5.2 Product Launches and Product Expansions:
- 7.2.6 SWOT Analysis
- 7.3 Honda Motor Co. Ltd.
- 7.3.1 Company Overview
- 7.3.2 Financial Analysis
- 7.3.3 Segmental and Regional Analysis
- 7.3.4 Research & Development Expense
- 7.3.5 SWOT Analysis
- 7.4 Kawasaki Heavy Industries, Ltd.
- 7.4.1 Company Overview
- 7.4.2 Financial Analysis
- 7.4.3 Segmental and Regional Analysis
- 7.4.4 Research & Development Expense
- 7.4.5 SWOT Analysis
- 7.5 BMW Group
- 7.5.1 Company Overview
- 7.5.2 Financial Analysis
- 7.5.3 Segmental and Regional Analysis
- 7.5.4 Research & Development Expenses
- 7.5.5 Recent strategies and developments:
- 7.5.5.1 Partnerships, Collaborations, and Agreements:
- 7.5.5.2 Product Launches and Product Expansions:
- 7.5.6 SWOT Analysis
- 7.6 Suzuki Motor Corporation
- 7.6.1 Company Overview
- 7.6.2 Financial Analysis
- 7.6.3 Segmental and Regional Analysis
- 7.6.4 Research & Development Expenses
- 7.6.5 Recent strategies and developments:
- 7.6.5.1 Product Launches and Product Expansions:
- 7.6.6 SWOT Analysis
- 7.7 Ducati Motor Holding S.p.A (Volkswagen AG)
- 7.7.1 Company Overview
- 7.7.2 Financial Analysis
- 7.7.3 Segmental and Regional Analysis
- 7.7.4 Research & Development Expense
- 7.7.5 SWOT Analysis
- 7.8 Bajaj Auto Ltd.
- 7.8.1 Company Overview
- 7.8.2 Financial Analysis
- 7.8.3 Segmental and Regional Analysis
- 7.8.4 Recent strategies and developments:
- 7.8.4.1 Product Launches and Product Expansions:
- 7.8.5 SWOT Analysis
- 7.9 TVS Motor Company Ltd. (TVS Holdings Limited)
- 7.9.1 Company Overview
- 7.9.2 Financial Analysis
- 7.9.3 Segmental and Regional Analysis
- 7.9.4 SWOT Analysis
- 7.10. Hero MotoCorp Ltd.
- 7.10.1 Company Overview
- 7.10.2 Financial Analysis
- 7.10.3 SWOT Analysis
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