The Asia Pacific On-road Motorcycles Market would witness market growth of 6.3% CAGR during the forecast period (2023-2030).
Motorcycles require less parking space than cars, providing greater convenience in crowded urban areas. This advantage makes motorcycles a practical choice for commuters who may face challenges finding parking for larger vehicles. Motorcycling has a youthful and adventurous appeal, attracting riders passionate about the lifestyle associated with motorcycles. The sense of freedom, individualism, and community engagement contributes to a unique and dynamic subculture within the market.
Moreover, economic growth and increased disposable income are pivotal in driving the demand for these motorcycles. As individuals experience improved financial conditions, they are more inclined to invest in personal transportation, with motorcycles being a cost-effective option for commuting. As disposable income increases, consumers tend to allocate some of their spending towards recreational and lifestyle choices. The motorcycles, a symbol of freedom and adventure, become an attractive option for individuals looking to invest in personal transportation that aligns with their preferences and lifestyle.
These motorcycles have a strong presence in sports and competitive racing, contributing to the market's growth. Events like MotoGP and Superbike competitions showcase the high-performance capabilities of motorcycles, attracting enthusiasts and fostering brand loyalty. Participation in sports and racing events provides motorcycle manufacturers with valuable brand exposure and marketing opportunities. Success in racing enhances a brand's image and reputation, positively influencing consumer perception and boosting sales of these motorcycles produced by the winning manufacturers. Also, these motorcycles have transcended their utilitarian purpose and become cultural icons, representing freedom, individualism, and a distinct lifestyle. This cultural significance contributes to the enduring appeal of motorcycles, attracting consumers who identify with the values associated with riding.
South Korea's economic growth and increasing affluence have contributed to a growing interest in recreational activities, including motorcycling. As disposable incomes rise, more individuals can afford leisure and lifestyle choices, including purchasing and maintaining these motorcycles in South Korea. Urbanization in South Korea has led to increased traffic congestion in major cities. On road motorcycles, particularly scooters and lightweight bikes provide a practical and efficient solution for commuting in densely populated urban areas in South Korea. There is a cultural shift in South Korea towards adopting a more adventurous and recreational lifestyle. Scooters have gained popularity in South Korea, particularly among urban commuters and younger riders. All these factors will uplift the regional market’s expansion in coming years.
The China market dominated the Asia Pacific On-road Motorcycles Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $15,297.6 Million by 2030. The Japan market is showcasing a CAGR of 5.5% during (2023 - 2030). Additionally, The India market would register a CAGR of 6.9% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global On-road Motorcycles Market is Predict to reach $93.3 Billion by 2030, at a CAGR of 6.1%
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
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- 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
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific On-road Motorcycles Market, by Type
1.4.2 Asia Pacific 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. Asia Pacific On-road Motorcycles Market, by Type
5.1 Asia Pacific Cruiser Motorcycle Market, by Country
5.2 Asia Pacific Touring Motorcycle Market, by Country
5.3 Asia Pacific Sports Bike Market, by Country
5.4 Asia Pacific Standard Motorcycle Market, by Country
Chapter 6. Asia Pacific On-road Motorcycles Market, by Country
6.1 China On-road Motorcycles Market
6.1.1 China On-road Motorcycles Market, by Type
6.2 Japan On-road Motorcycles Market
6.2.1 Japan On-road Motorcycles Market, by Type
6.3 India On-road Motorcycles Market
6.3.1 India On-road Motorcycles Market, by Type
6.4 South Korea On-road Motorcycles Market
6.4.1 South Korea On-road Motorcycles Market, by Type
6.5 Singapore On-road Motorcycles Market
6.5.1 Singapore On-road Motorcycles Market, by Type
6.6 Malaysia On-road Motorcycles Market
6.6.1 Malaysia On-road Motorcycles Market, by Type
6.7 Rest of Asia Pacific On-road Motorcycles Market
6.7.1 Rest of Asia Pacific 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
TABLE 1 Asia Pacific On-road Motorcycles Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific On-road Motorcycles Market, 2023 - 2030, USD Million
TABLE 3 Asia Pacific On-road Motorcycles Market, by Type, 2019 - 2022, USD Million
TABLE 4 Asia Pacific On-road Motorcycles Market, by Type, 2023 - 2030, USD Million
TABLE 5 Asia Pacific Cruiser Motorcycle Market, by Country, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Cruiser Motorcycle Market, by Country, 2023 - 2030, USD Million
TABLE 7 Asia Pacific Touring Motorcycle Market, by Country, 2019 - 2022, USD Million
TABLE 8 Asia Pacific Touring Motorcycle Market, by Country, 2023 - 2030, USD Million
TABLE 9 Asia Pacific Sports Bike Market, by Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Sports Bike Market, by Country, 2023 - 2030, USD Million
TABLE 11 Asia Pacific Standard Motorcycle Market, by Country, 2019 - 2022, USD Million
TABLE 12 Asia Pacific Standard Motorcycle Market, by Country, 2023 - 2030, USD Million
TABLE 13 Asia Pacific On-road Motorcycles Market, by Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific On-road Motorcycles Market, by Country, 2023 - 2030, USD Million
TABLE 15 China On-road Motorcycles Market, 2019 - 2022, USD Million
TABLE 16 China On-road Motorcycles Market, 2023 - 2030, USD Million
TABLE 17 China On-road Motorcycles Market, by Type, 2019 - 2022, USD Million
TABLE 18 China On-road Motorcycles Market, by Type, 2023 - 2030, USD Million
TABLE 19 Japan On-road Motorcycles Market, 2019 - 2022, USD Million
TABLE 20 Japan On-road Motorcycles Market, 2023 - 2030, USD Million
TABLE 21 Japan On-road Motorcycles Market, by Type, 2019 - 2022, USD Million
TABLE 22 Japan On-road Motorcycles Market, by Type, 2023 - 2030, USD Million
TABLE 23 India On-road Motorcycles Market, 2019 - 2022, USD Million
TABLE 24 India On-road Motorcycles Market, 2023 - 2030, USD Million
TABLE 25 India On-road Motorcycles Market, by Type, 2019 - 2022, USD Million
TABLE 26 India On-road Motorcycles Market, by Type, 2023 - 2030, USD Million
TABLE 27 South Korea On-road Motorcycles Market, 2019 - 2022, USD Million
TABLE 28 South Korea On-road Motorcycles Market, 2023 - 2030, USD Million
TABLE 29 South Korea On-road Motorcycles Market, by Type, 2019 - 2022, USD Million
TABLE 30 South Korea On-road Motorcycles Market, by Type, 2023 - 2030, USD Million
TABLE 31 Singapore On-road Motorcycles Market, 2019 - 2022, USD Million
TABLE 32 Singapore On-road Motorcycles Market, 2023 - 2030, USD Million
TABLE 33 Singapore On-road Motorcycles Market, by Type, 2019 - 2022, USD Million
TABLE 34 Singapore On-road Motorcycles Market, by Type, 2023 - 2030, USD Million
TABLE 35 Malaysia On-road Motorcycles Market, 2019 - 2022, USD Million
TABLE 36 Malaysia On-road Motorcycles Market, 2023 - 2030, USD Million
TABLE 37 Malaysia On-road Motorcycles Market, by Type, 2019 - 2022, USD Million
TABLE 38 Malaysia On-road Motorcycles Market, by Type, 2023 - 2030, USD Million
TABLE 39 Rest of Asia Pacific On-road Motorcycles Market, 2019 - 2022, USD Million
TABLE 40 Rest of Asia Pacific On-road Motorcycles Market, 2023 - 2030, USD Million
TABLE 41 Rest of Asia Pacific On-road Motorcycles Market, by Type, 2019 - 2022, USD Million
TABLE 42 Rest of Asia Pacific On-road Motorcycles Market, by Type, 2023 - 2030, USD Million
TABLE 43 Key Information – Harley-Davidson, Inc.
TABLE 44 Key Information – Yamaha Corporation
TABLE 45 key Information – Honda Motor Co. Ltd.
TABLE 46 Key Information – Kawasaki Heavy Industries, Ltd.
TABLE 47 key information – BMW Group
TABLE 48 Key information – Suzuki Motor Corporation
TABLE 49 Key Information – Ducati Motor Holding S.p.A
TABLE 50 Key Information – Bajaj Auto Ltd.
TABLE 51 Key Information – TVS Motor Company Ltd.
TABLE 52 Key Information – Hero motoCorp ltd
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific On-road Motorcycles Market, 2019 - 2020, USD Million
FIG 3 Key Factors Impacting On-road Motorcycles Market
FIG 4 Porter’s Five Forces Analysis – On-road motorcycleS market
FIG 5 Asia Pacific On-road Motorcycles Market share, by Type, 2022
FIG 6 Asia Pacific On-road Motorcycles Market share, by Type, 2030
FIG 7 Asia Pacific On-road Motorcycles Market, by Type, 2019 - 2030, USD Million
FIG 8 Asia Pacific On-road Motorcycles Market share, by Country, 2022
FIG 9 Asia Pacific On-road Motorcycles Market share, by Country, 2030
FIG 10 Asia Pacific On-road Motorcycles Market, by Country, 2019 - 2030, USD Million
FIG 11 Recent strategies and developments: Harley-Davidson Incorporation
FIG 12 SWOT Analysis: HArley-davidson, inc
FIG 13 Recent strategies and developments: Yamaha Corporation
FIG 14 SWOT Analysis: Yamaha Corporation
FIG 15 SWOT Analysis: Honda Motor Co. Ltd.
FIG 16 SWOT Analysis: Kawasaki Heavy Industries, Ltd.
FIG 17 Recent strategies and developments: BMW Group
FIG 18 SWOT Analysis: BMW Group
FIG 19 SWOT Analysis: Suzuki Motor Corporation
FIG 20 SWOT Analysis: Ducati Motor Holding S.p.A
FIG 21 SWOT Analysis: Bajaj Auto Ltd.
FIG 22 SWOT Analysis: TVS MOTor COmpany Ltd.
FIG 23 SWOT Analysis: Hero MotoCorp ltd.