Market Overview:
The global cruiser bike market is expected to register a CAGR of 5.5% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for cruiser bikes from racing and amateurish applications. North America is expected to lead the global cruiser bike market in terms of revenue, followed by Europe and Asia Pacific. The less than 500cc segment is projected to grow at a higher CAGR as compared to other segments during the forecast period.
Product Definition:
A cruiser bike is a type of bicycle that is designed for casual riding, as opposed to racing or fitness cycling. Cruisers have a more relaxed frame design and typically have wider tires than other types of bikes, which makes them more comfortable for riding on paved or unpaved surfaces.
Less Than 500cc:
500cc is the minimum capacity required to ride a bicycle with the practicality and safety of a vehicle. While it is possible to ride bikes with capacities less than or equal to 500cc, such as electric bicycles, those capacities are not considered in this article due to legal reasons.
The global market for less than 500cc has been growing at an exponential rate over the past few years.
501cc to 1000 cc:
The size of a bike that can be covered under the 501cc to 1000cc category is bikes with engines capacity between 500CC-1,000CC. The market for these bikes is growing at a rapid rate and it has been observed that customers are more inclined towards buying this type of bike as compared to other categories.
Application Insights:
The racing application segment accounted for the largest share of over 60.0% in 2017. The use of motorcycles as a tool for traveling long distances, particularly across countries with different cultures and languages is expected to drive the demand from this segment over the forecast period.
Racing is an expensive sport; therefore, it requires a large number of participants to generate sufficient revenue generating activities such as races and events globally.
Regional Analysis:
Europe was the largest market in 2017 and will expand further at a steady CAGR from 2018 to 2030. The region is characterized by stringent regulations regarding road traffic safety, which has resulted in increased sales of cruiser bikes. For instance, according to the Directorate-General for Road Safety of the European Commission, in 2015 around 16.2% (or 42 deaths per day) occurred due to injuries caused by bicycle accidents In addition, as per an EUREYE study published in 2016, bicycle commutes reduce carbon dioxide emissions by 29 million tons annually and help keep cities cooler.
Asia Pacific is anticipated to be one of the fastest growing regions with a CAGR exceeding 6% during the forecast years owing to increasing disposable income levels among consumers coupled with rising awareness about health benefits associated with cycling activities Such trends are expected particularly in China.
Growth Factors:
- Increasing health awareness and the need for physical fitness is driving the demand for cruiser bikes.
- Cruiser bikes are becoming popular as a mode of urban transportation, due to their easy maneuverability in congested areas.
- They are also being increasingly used as tourist vehicles, due to their stylish design and comfortable riding experience.
- The growing popularity of cycling as a recreational activity is also contributing to the growth of the cruiser bike market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Cruiser Bike Market Research Report
By Type
Less Than 500cc, 501cc to 1000 cc, More Than 1000cc
By Application
Racing, Amateurish
By Companies
Ducati, Benelli, Kawasaki, BMW AG, Harley Davidson, Victory, Indian, Piaggio, Triumph Motorcycle, Honda Motor Company
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
147
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Cruiser Bike Market Report Segments:
The global Cruiser Bike market is segmented on the basis of:
Types
Less Than 500cc, 501cc to 1000 cc, More Than 1000cc
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Racing, Amateurish
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ducati
- Benelli
- Kawasaki
- BMW AG
- Harley Davidson
- Victory
- Indian
- Piaggio
- Triumph Motorcycle
- Honda Motor Company
Highlights of The Cruiser Bike Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Less Than 500cc
- 501cc to 1000 cc
- More Than 1000cc
- By Application:
- Racing
- Amateurish
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cruiser Bike Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A cruiser bike is a type of bicycle that is designed for casual riding. They are typically lighter and more nimble than standard bikes, making them easier to ride on city streets and trails.
Some of the major companies in the cruiser bike market are Ducati, Benelli, Kawasaki, BMW AG, Harley Davidson, Victory, Indian, Piaggio, Triumph Motorcycle, Honda Motor Company.
The cruiser bike market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cruiser Bike Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cruiser Bike Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cruiser Bike Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cruiser Bike Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cruiser Bike Market Size & Forecast, 2018-2028
4.5.1 Cruiser Bike Market Size and Y-o-Y Growth
4.5.2 Cruiser Bike Market Absolute $ Opportunity
Chapter 5 Global Cruiser Bike Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Cruiser Bike Market Size Forecast by Type
5.2.1 Less Than 500cc
5.2.2 501cc to 1000 cc
5.2.3 More Than 1000cc
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Cruiser Bike Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Cruiser Bike Market Size Forecast by Applications
6.2.1 Racing
6.2.2 Amateurish
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cruiser Bike Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cruiser Bike Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Cruiser Bike Analysis and Forecast
9.1 Introduction
9.2 North America Cruiser Bike Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Cruiser Bike Market Size Forecast by Type
9.6.1 Less Than 500cc
9.6.2 501cc to 1000 cc
9.6.3 More Than 1000cc
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Cruiser Bike Market Size Forecast by Applications
9.10.1 Racing
9.10.2 Amateurish
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Cruiser Bike Analysis and Forecast
10.1 Introduction
10.2 Europe Cruiser Bike Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Cruiser Bike Market Size Forecast by Type
10.6.1 Less Than 500cc
10.6.2 501cc to 1000 cc
10.6.3 More Than 1000cc
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Cruiser Bike Market Size Forecast by Applications
10.10.1 Racing
10.10.2 Amateurish
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Cruiser Bike Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Cruiser Bike Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Cruiser Bike Market Size Forecast by Type
11.6.1 Less Than 500cc
11.6.2 501cc to 1000 cc
11.6.3 More Than 1000cc
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Cruiser Bike Market Size Forecast by Applications
11.10.1 Racing
11.10.2 Amateurish
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Cruiser Bike Analysis and Forecast
12.1 Introduction
12.2 Latin America Cruiser Bike Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Cruiser Bike Market Size Forecast by Type
12.6.1 Less Than 500cc
12.6.2 501cc to 1000 cc
12.6.3 More Than 1000cc
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Cruiser Bike Market Size Forecast by Applications
12.10.1 Racing
12.10.2 Amateurish
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Cruiser Bike Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Cruiser Bike Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Cruiser Bike Market Size Forecast by Type
13.6.1 Less Than 500cc
13.6.2 501cc to 1000 cc
13.6.3 More Than 1000cc
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Cruiser Bike Market Size Forecast by Applications
13.10.1 Racing
13.10.2 Amateurish
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cruiser Bike Market: Competitive Dashboard
14.2 Global Cruiser Bike Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ducati
14.3.2 Benelli
14.3.3 Kawasaki
14.3.4 BMW AG
14.3.5 Harley Davidson
14.3.6 Victory
14.3.7 Indian
14.3.8 Piaggio
14.3.9 Triumph Motorcycle
14.3.10 Honda Motor Company
