Market Overview:
The global racing motorcycles market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as increasing disposable income, rising popularity of motorsports, and technological advancements in motorcycle manufacturing. The global racing motorcycles market is segmented on the basis of type into professional and amateur racing motorcycles. Professional racing motorcycles are further sub-segmented into superbikes, MotoGP bikes, and others. Amateur racing motorcycles are further sub-segmented into motocross bikes, enduro bikes, supermoto bikes, track day bikes and others. On the basis of application, the market is segmented into on-roading and off-roading applications. The on-roading application segment dominates the global Racing Motorcycles Market with a share of more than 60%. Geographically speaking North America holds majority share in terms of revenue followed by Europe due to presence major players such as Harley Davidson (U S), Ducati (Italy), BMW (Germany) etc.
Product Definition:
Racing motorcycles are high-performance machines designed for professional racing competitions. They are typically lighter and more agile than regular motorcycles, with powerful engines that can reach speeds of up to 250 miles per hour. Racing motorcycles provide a thrilling experience for riders and spectators alike, and play a crucial role in international motorsports competitions.
Professional:
Professional is a new trend in the racing motorcycle market which has been gaining pace over the past few years. Professional or Pro-racing motorcycles have two wheels, four stroke engines and are capable of speeds above 150 km/h.
The main aim of pro-racing is to create awareness about motorbikes and their safety aspects among road users as well as competitors.
Amateur:
Amateur is the most common type of racing license. It allows a person to compete in any race, anywhere in the world, provided he or she is a citizen of the country where event is being held and has valid passport. The license does not guarantee entry into any competition as it depends upon entry regulations for each event. In addition, age limit also varies from country to country.
Application Insights:
On the basis of application, the global racing motorcycles market is segmented into on-roading and off-roading. The on-roading segment dominated the overall market in 2017 owing to increasing popularity of road racing as a sport. On an average, around USD 20 million is wagered on races held across various countries worldwide annually.
The growing popularity of road racing has resulted in increased participation from governments to build better roads and highways across countries such as India, China and Australia among others which has boosted demand for high performance sports bikes that are used for competitively undertaking tours along with other riders or by individuals who prefer solo riding experience.
Racing games have also been gaining significant traction over recent years due to their ability to provide an immersive gaming experience while offering players real world challenges against competitors from all over the world who ride similar types of bikes based on their performance in game settings thereby boosting sales further.
Regional Analysis:
North America dominated the global market in 2017. The growth of the regional market can be attributed to increasing popularity of motorcycle racing as a sport and presence of several race tracks in U.S. Furthermore, introduction and development of technologies such as ABS, traction control, slipper clutch have increased safety for riders which is boosting the demand for racing motorcycles in North America over the forecast period.
Asia Pacific is expected to witness significant growth over the next eight years owing to rising disposable income coupled with growing interest from new participants across various age groups who are keen on trying out different sports activities such as motorcycling events that take place at racetracks throughout Asia Pacific during weekends or public holidays.
Latin America has also witnessed remarkable growth since 2014 when regulations regarding production.
Growth Factors:
- Increasing disposable income of the consumers: The growth in the Racing Motorcycles market is majorly attributed to the increasing disposable income of the consumers. This has led to an increase in the demand for luxury products, including Racing Motorcycles.
- Technological advancements: The advancement in technology has resulted in innovative and advanced Racing Motorcycles models being introduced in the market, thereby attracting a large number of consumers.
- Rising popularity of motorsports: The popularity of motorsports is on a rise and this is resulting in an increase in demand for Racing Motorcycles globally.
- Growing urbanization: With rapid urbanization, there has been a shift towards adopting luxurious lifestyle products such as Racing Motorcycles, thereby driving its growth worldwide. 5) Changing consumer preferences: There is a growing trend among consumers to purchase high-end luxury motorcycles such as racing motorcycles which are considered symbols of status and wealth
Scope Of The Report
Report Attributes
Report Details
Report Title
Racing Motorcycles Market Research Report
By Type
Professional, Amateur
By Application
On-Roading, Off-Roading
By Companies
HONDA, Yamaha, Suzuki, Ducati, Aprilia, KTM, Husqvarna, Energica
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
178
Number of Tables & Figures
125
Customization Available
Yes, the report can be customized as per your need.
Global Racing Motorcycles Market Report Segments:
The global Racing Motorcycles market is segmented on the basis of:
Types
Professional, Amateur
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
On-Roading, Off-Roading
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:
- HONDA
- Yamaha
- Suzuki
- Ducati
- Aprilia
- KTM
- Husqvarna
- Energica
Highlights of The Racing Motorcycles 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:
- Professional
- Amateur
- By Application:
- On-Roading
- Off-Roading
- 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 Racing Motorcycles 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?
Racing motorcycles are typically faster and more powerful than standard motorcycles. They are designed for racing or performance purposes.
Some of the key players operating in the racing motorcycles market are HONDA, Yamaha, Suzuki, Ducati, Aprilia, KTM, Husqvarna, Energica.
The racing motorcycles 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 Racing Motorcycles 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 Racing Motorcycles Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Racing Motorcycles 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 Racing Motorcycles 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 Racing Motorcycles Market Size & Forecast, 2020-2028
4.5.1 Racing Motorcycles Market Size and Y-o-Y Growth
4.5.2 Racing Motorcycles Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Professional
5.2.2 Amateur
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 On-Roading
6.2.2 Off-Roading
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Racing Motorcycles 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 Racing Motorcycles 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Professional
9.6.2 Amateur
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 Market Size Forecast by Applications
9.10.1 On-Roading
9.10.2 Off-Roading
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Professional
10.6.2 Amateur
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 Market Size Forecast by Applications
10.10.1 On-Roading
10.10.2 Off-Roading
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Professional
11.6.2 Amateur
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 Market Size Forecast by Applications
11.10.1 On-Roading
11.10.2 Off-Roading
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Professional
12.6.2 Amateur
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 Market Size Forecast by Applications
12.10.1 On-Roading
12.10.2 Off-Roading
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Professional
13.6.2 Amateur
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) Market Size Forecast by Applications
13.10.1 On-Roading
13.10.2 Off-Roading
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 Racing Motorcycles Market: Competitive Dashboard
14.2 Global Racing Motorcycles Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 HONDA
14.3.2 Yamaha
14.3.3 Suzuki
14.3.4 Ducati
14.3.5 Aprilia
14.3.6 KTM
14.3.7 Husqvarna
14.3.8 Energica
