The Latin America, Middle East and Africa On-road Motorcycles Market would witness market growth of 7.8% CAGR during the forecast period (2023-2030).
In densely populated urban areas, motorcycles offer a practical solution to traffic congestion challenges, providing an agile and fuel-efficient alternative to traditional four-wheeled vehicles. As economies develop, more individuals acquire motorcycles for personal transportation, contributing to the overall growth of the market. Furthermore, the surge in adventure tourism and the desire for unique travel experiences have fuelled the adoption of these motorcycles for long-distance touring. The uses of these motorcycles extend beyond basic transportation, encompassing various activities and lifestyles. For many, motorcycles are a form of self-expression, with riders customizing their bikes to reflect their personalities and unique tastes.
The customization culture has created a vibrant aftermarket industry, offering many accessories, modifications, and personalization options. These motorcycles also play a crucial role in last-mile connectivity, particularly in regions with limited public transportation infrastructure. Their agility and efficiency make them ideal for navigating congested city streets, providing a convenient solution for commuters to reach their final destinations seamlessly. In public services, these
In public services, on road motorcycles are employed by law enforcement agencies and emergency medical services, leveraging their speed and maneuverability to respond rapidly to incidents and emergencies. The versatile nature of on road motorcycles positions them as valuable assets in enhancing public safety and security.
LED lighting technology is becoming standard in these motorcycles in Argentina. LED headlights, taillights, and turn signals offer Argentina improved visibility, energy efficiency, and a modern aesthetic. Integrating smart connectivity features is becoming more prevalent in on road motorcycles in Argentina. Bluetooth connectivity, smartphone integration, and navigation systems are increasingly incorporated, providing riders with enhanced communication and navigation capabilities in Argentina. The factors mentioned above will drive the regional market growth.
The Brazil market dominated the LAMEA On-road Motorcycles Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,376.3 Million by 2030. The Argentina market is exhibiting a CAGR of 8.4% during (2023 - 2030). Additionally, The UAE market would experience a CAGR of 7.5% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide On-road Motorcycles Market is Projected to reach USD 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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA On-road Motorcycles Market, by Type
1.4.2 LAMEA 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. LAMEA On-road Motorcycles Market, by Type
5.1 LAMEA Cruiser Motorcycle Market, by Country
5.2 LAMEA Touring Motorcycle Market, by Country
5.3 LAMEA Sports Bike Market, by Country
5.4 LAMEA Standard Motorcycle Market, by Country
Chapter 6. LAMEA On-road Motorcycles Market, by Country
6.1 Brazil On-road Motorcycles Market
6.1.1 Brazil On-road Motorcycles Market, by Type
6.2 Argentina On-road Motorcycles Market
6.2.1 Argentina On-road Motorcycles Market, by Type
6.3 UAE On-road Motorcycles Market
6.3.1 UAE On-road Motorcycles Market, by Type
6.4 Saudi Arabia On-road Motorcycles Market
6.4.1 Saudi Arabia On-road Motorcycles Market, by Type
6.5 South Africa On-road Motorcycles Market
6.5.1 South Africa On-road Motorcycles Market, by Type
6.6 Nigeria On-road Motorcycles Market
6.6.1 Nigeria On-road Motorcycles Market, by Type
6.7 Rest of LAMEA On-road Motorcycles Market
6.7.1 Rest of LAMEA 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 LAMEA On-road Motorcycles Market, 2019 - 2022, USD Million
TABLE 2 LAMEA On-road Motorcycles Market, 2023 - 2030, USD Million
TABLE 3 LAMEA On-road Motorcycles Market, by Type, 2019 - 2022, USD Million
TABLE 4 LAMEA On-road Motorcycles Market, by Type, 2023 - 2030, USD Million
TABLE 5 LAMEA Cruiser Motorcycle Market, by Country, 2019 - 2022, USD Million
TABLE 6 LAMEA Cruiser Motorcycle Market, by Country, 2023 - 2030, USD Million
TABLE 7 LAMEA Touring Motorcycle Market, by Country, 2019 - 2022, USD Million
TABLE 8 LAMEA Touring Motorcycle Market, by Country, 2023 - 2030, USD Million
TABLE 9 LAMEA Sports Bike Market, by Country, 2019 - 2022, USD Million
TABLE 10 LAMEA Sports Bike Market, by Country, 2023 - 2030, USD Million
TABLE 11 LAMEA Standard Motorcycle Market, by Country, 2019 - 2022, USD Million
TABLE 12 LAMEA Standard Motorcycle Market, by Country, 2023 - 2030, USD Million
TABLE 13 LAMEA On-road Motorcycles Market, by Country, 2019 - 2022, USD Million
TABLE 14 LAMEA On-road Motorcycles Market, by Country, 2023 - 2030, USD Million
TABLE 15 Brazil On-road Motorcycles Market, 2019 - 2022, USD Million
TABLE 16 Brazil On-road Motorcycles Market, 2023 - 2030, USD Million
TABLE 17 Brazil On-road Motorcycles Market, by Type, 2019 - 2022, USD Million
TABLE 18 Brazil On-road Motorcycles Market, by Type, 2023 - 2030, USD Million
TABLE 19 Argentina On-road Motorcycles Market, 2019 - 2022, USD Million
TABLE 20 Argentina On-road Motorcycles Market, 2023 - 2030, USD Million
TABLE 21 Argentina On-road Motorcycles Market, by Type, 2019 - 2022, USD Million
TABLE 22 Argentina On-road Motorcycles Market, by Type, 2023 - 2030, USD Million
TABLE 23 UAE On-road Motorcycles Market, 2019 - 2022, USD Million
TABLE 24 UAE On-road Motorcycles Market, 2023 - 2030, USD Million
TABLE 25 UAE On-road Motorcycles Market, by Type, 2019 - 2022, USD Million
TABLE 26 UAE On-road Motorcycles Market, by Type, 2023 - 2030, USD Million
TABLE 27 Saudi Arabia On-road Motorcycles Market, 2019 - 2022, USD Million
TABLE 28 Saudi Arabia On-road Motorcycles Market, 2023 - 2030, USD Million
TABLE 29 Saudi Arabia On-road Motorcycles Market, by Type, 2019 - 2022, USD Million
TABLE 30 Saudi Arabia On-road Motorcycles Market, by Type, 2023 - 2030, USD Million
TABLE 31 South Africa On-road Motorcycles Market, 2019 - 2022, USD Million
TABLE 32 South Africa On-road Motorcycles Market, 2023 - 2030, USD Million
TABLE 33 South Africa On-road Motorcycles Market, by Type, 2019 - 2022, USD Million
TABLE 34 South Africa On-road Motorcycles Market, by Type, 2023 - 2030, USD Million
TABLE 35 Nigeria On-road Motorcycles Market, 2019 - 2022, USD Million
TABLE 36 Nigeria On-road Motorcycles Market, 2023 - 2030, USD Million
TABLE 37 Nigeria On-road Motorcycles Market, by Type, 2019 - 2022, USD Million
TABLE 38 Nigeria On-road Motorcycles Market, by Type, 2023 - 2030, USD Million
TABLE 39 Rest of LAMEA On-road Motorcycles Market, 2019 - 2022, USD Million
TABLE 40 Rest of LAMEA On-road Motorcycles Market, 2023 - 2030, USD Million
TABLE 41 Rest of LAMEA On-road Motorcycles Market, by Type, 2019 - 2022, USD Million
TABLE 42 Rest of LAMEA 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 LAMEA On-road Motorcycles Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting On-road Motorcycles Market
FIG 4 Porter’s Five Forces Analysis – On-road motorcycles market
FIG 5 LAMEA On-road Motorcycles Market share, by Type, 2022
FIG 6 LAMEA On-road Motorcycles Market share, by Type, 2030
FIG 7 LAMEA On-road Motorcycles Market, by Type, 2019 - 2030, USD Million
FIG 8 LAMEA On-road Motorcycles Market share, by Country, 2022
FIG 9 LAMEA On-road Motorcycles Market share, by Country, 2030
FIG 10 LAMEA 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.