Market Overview:
The global premium motorcycles market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The market growth can be attributed to the increasing demand for premium motorcycles from different applications such as amusement and contests. Additionally, the growing popularity of motorsports is also propelling the demand for premium motorcycles in different regions across the globe. The global premium motorcycle market by type is segmented into 90-250cc, 250-500cc, 500-1000cc and >1000cc segments. The >1000 cc segment is expected to dominate the global market with a share of more than 50% by 2030 end. This can be attributed to rising disposable income and changing lifestyle trends across developed economies such as North America and Europe which are fuelling demand for high capacity bikes (> 1000 cc). Regionally, North America dominates the global premium motorcycle market with a share of more than 30%. This can be attributed to presence of major players in this region along with favourable regulatory scenario that supports development of this industry verticals in countries such as US and Canada.
Product Definition:
A premium motorcycle is a high-quality, expensive motorcycle that typically offers superior performance and features compared to lower-priced models. Premium motorcycles are often purchased by enthusiasts who appreciate the finer things in life and want a machine that's both stylish and fun to ride.
90-250cc:
90-250cc is a size of engine which is commonly used in all types of motorcycles such as dirt bikes, street bikes, and cruisers. It has been observed that this engine displacement provides better power to weight ratio and torque to the drive train. This trend has made it popular among consumers for its use in various types of motorcycles available today.
250-500cc:
250-500cc is the size of engine capacity range that is commonly used in premium motorcycles. It has been observed that customers prefer bikes with capacities between 250-500cc. Bikes with these capacities provide better comfort, have better performance and are more fuel efficient as compared to other bike variants having less than 250cc of engine capacity.
The global premium motorcycle market was valued at USD 20,75 billion in 2016.
Application Insights:
The application segment is bifurcated into two parts, Amusement and Contest. The Amusement segment comprises of two sub-segments, namely Personal Use and Commercial Use. In 2017, the commercial use was dominant with a market share of over 80% in the global premium motorcycles market for amusement. The personal use accounted for only 20%. However, in terms of revenue commercial use is expected to be overtaken by the contest sub-segment by 2030 as more money can be made from contests than from private uses.
Contests are organized mainly on two occasions; once during Diwali festival (Diwali) when participants ride their motorbikes without lights at night time.
Regional Analysis:
Asia Pacific is anticipated to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing disposable income, coupled with rising adoption of premium motorcycles. China and India are projected to remain key markets in Asia Pacific on account of high demand for different types of motorcycles across these countries. Moreover, manufacturers are introducing new models in order to meet growing customer demand. For instance, in September 2017, Bajaj Auto Ltd., India's largest motorcycle manufacturer introduced a premium version called Royal Enfield Himalayan that has been priced at around USD X (Rs 22 lakh).
Europe accounted for more than 25% share of global revenue in 2017 owing to increased sales volume generated by some European countries such as U.K.
Growth Factors:
- Increasing disposable income of the middle-class population in developing countries is expected to boost the demand for premium motorcycles over the forecast period.
- Growing popularity of adventure tourism is anticipated to fuel the demand for premium motorcycles as they offer better performance and handling on off-road terrains.
- Rising number of women riders is projected to propel the growth of global premium motorcycle market during forecast period.
- Introduction of technologically advanced models by key players is likely to stimulate growth in this market over next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Premium Motorcycles Market Research Report
By Type
90-250cc, 250-500cc, 500-1000cc, >1000cc
By Application
Amusement, Contest
By Companies
Triumph, KTM, BMW, Polaris, Benelli, Harley-Davidson, Ducati, MV Agusta, Yamaha, Suzuki Motor Corporation, Honda, Victory, Piaggio & C. SpA, Custom Wolf, Moto Guzzi, Norton, Kawasaki, Husqvarna Motorcycles, Marine Turbine Technology
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Premium Motorcycles Market Report Segments:
The global Premium Motorcycles market is segmented on the basis of:
Types
90-250cc, 250-500cc, 500-1000cc, >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
Amusement, Contest
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:
- Triumph
- KTM
- BMW
- Polaris
- Benelli
- Harley-Davidson
- Ducati
- MV Agusta
- Yamaha
- Suzuki Motor Corporation
- Honda
- Victory
- Piaggio & C. SpA
- Custom Wolf
- Moto Guzzi
- Norton
- Kawasaki
- Husqvarna Motorcycles
- Marine Turbine Technology
Highlights of The Premium 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:
- 90-250cc
- 250-500cc
- 500-1000cc
- >1000cc
- By Application:
- Amusement
- Contest
- 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 Premium 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?
Premium Motorcycles is a motorcycle manufacturer and retailer. It was founded in California in 1983 by Tom Kelley and his wife, Karen. The company produces high-end motorcycles, including the V-Rod line of bikes.
Some of the key players operating in the premium motorcycles market are Triumph, KTM, BMW, Polaris, Benelli, Harley-Davidson, Ducati, MV Agusta, Yamaha, Suzuki Motor Corporation, Honda, Victory, Piaggio & C. SpA, Custom Wolf, Moto Guzzi, Norton, Kawasaki, Husqvarna Motorcycles, Marine Turbine Technology.
The premium motorcycles market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Premium Motorcycles Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Premium Motorcycles Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Premium Motorcycles Market - Supply Chain
4.5. Global Premium Motorcycles Market Forecast
4.5.1. Premium Motorcycles Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Premium Motorcycles Market Size (000 Units) and Y-o-Y Growth
4.5.3. Premium Motorcycles Market Absolute $ Opportunity
5. Global Premium Motorcycles Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Premium Motorcycles Market Size and Volume Forecast by Type
5.3.1. 90-250cc
5.3.2. 250-500cc
5.3.3. 500-1000cc
5.3.4. >1000cc
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Premium Motorcycles Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Premium Motorcycles Market Size and Volume Forecast by Application
6.3.1. Amusement
6.3.2. Contest
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Premium Motorcycles Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Premium Motorcycles Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Premium Motorcycles Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Premium Motorcycles Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Premium Motorcycles Demand Share Forecast, 2019-2029
9. North America Premium Motorcycles Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Premium Motorcycles Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Premium Motorcycles Market Size and Volume Forecast by Application
9.4.1. Amusement
9.4.2. Contest
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Premium Motorcycles Market Size and Volume Forecast by Type
9.7.1. 90-250cc
9.7.2. 250-500cc
9.7.3. 500-1000cc
9.7.4. >1000cc
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Premium Motorcycles Demand Share Forecast, 2019-2029
10. Latin America Premium Motorcycles Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Premium Motorcycles Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Premium Motorcycles Market Size and Volume Forecast by Application
10.4.1. Amusement
10.4.2. Contest
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Premium Motorcycles Market Size and Volume Forecast by Type
10.7.1. 90-250cc
10.7.2. 250-500cc
10.7.3. 500-1000cc
10.7.4. >1000cc
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Premium Motorcycles Demand Share Forecast, 2019-2029
11. Europe Premium Motorcycles Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Premium Motorcycles Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Premium Motorcycles Market Size and Volume Forecast by Application
11.4.1. Amusement
11.4.2. Contest
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Premium Motorcycles Market Size and Volume Forecast by Type
11.7.1. 90-250cc
11.7.2. 250-500cc
11.7.3. 500-1000cc
11.7.4. >1000cc
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Premium Motorcycles Demand Share, 2019-2029
12. Asia Pacific Premium Motorcycles Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Premium Motorcycles Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Premium Motorcycles Market Size and Volume Forecast by Application
12.4.1. Amusement
12.4.2. Contest
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Premium Motorcycles Market Size and Volume Forecast by Type
12.7.1. 90-250cc
12.7.2. 250-500cc
12.7.3. 500-1000cc
12.7.4. >1000cc
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Premium Motorcycles Demand Share, 2019-2029
13. Middle East & Africa Premium Motorcycles Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Premium Motorcycles Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Premium Motorcycles Market Size and Volume Forecast by Application
13.4.1. Amusement
13.4.2. Contest
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Premium Motorcycles Market Size and Volume Forecast by Type
13.7.1. 90-250cc
13.7.2. 250-500cc
13.7.3. 500-1000cc
13.7.4. >1000cc
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Premium Motorcycles Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Premium Motorcycles Market: Market Share Analysis
14.2. Premium Motorcycles Distributors and Customers
14.3. Premium Motorcycles Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Triumph
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. KTM
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. BMW
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Polaris
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Benelli
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Harley-Davidson
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Ducati
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. MV Agusta
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Yamaha
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Suzuki Motor Corporation
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Honda
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Victory
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Piaggio & C. SpA
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Custom Wolf
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Moto Guzzi
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Norton
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Kawasaki
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Husqvarna Motorcycles
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Marine Turbine Technology
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
