The North America On-road Motorcycles Market would witness market growth of 5.7% CAGR during the forecast period (2023-2030).
The on-road motorcycle is also referred to as a street motorcycle. Motorcycles designed for use on paved roads are called "on-road motorcycles." Some are designed for long-distance driving, while others are exclusively for neighbourhood cruising. The market is expected to increase significantly because motorcycle sports are becoming increasingly popular, customization is becoming increasingly popular, and manufacturers consistently release better and more capable products.
Standard, cruiser, sports bike, and touring are all classifications of on road motorcycles. Touring motorcycles have a fairing and luggage. Cruiser motorcycles have pullback bars and low-stepped seats. Sport motorcycles are built for speed, with low handlebars and rear-seat pegs. Street motorcycles with multiple uses and versatility are known as standards. Standards are highly compatible with novice motorcycles due to their adaptability, affordability, and moderate power output. Inventions in the automobile sector pave the way for improved and safer on road motorcycles regarding comfort, suspension, and safety.
Canada boasts expansive and diverse landscapes, making it an attractive recreational ride and tourism destination. Motorcycle enthusiasts are drawn to scenic routes such as the Cabot Trail in Nova Scotia and the Icefields Parkway in Alberta. The appeal of exploring Canada's natural beauty on two wheels contributes to the growth of on road motorcycles. Canada has a cultural affinity for motorcycling, with many enthusiasts who appreciate the freedom, adventure, and camaraderie associated with riding. This cultural connection supports the ongoing popularity and expansion of the on-road motorcycle in Canada. In urban centers across Canada, motorcycles are recognized as practical and efficient modes of transportation, especially for commuting. Due to these aspects, the market will expand across the North America region in upcoming years.
The US market dominated the North America On-road Motorcycles Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $9,349.2 Million by 2030. The Canada market is experiencing a CAGR of 8.1% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 7.1% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The 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
- US
- Canada
- Mexico
- Rest of North America
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 North America On-road Motorcycles Market, by Type
1.4.2 North America 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. North America On-road Motorcycles Market, by Type
5.1 North America Cruiser Motorcycle Market, by Country
5.2 North America Touring Motorcycle Market, by Country
5.3 North America Sports Bike Market, by Country
5.4 North America Standard Motorcycle Market, by Country
Chapter 6. North America On-road Motorcycles Market, by Country
6.1 US On-road Motorcycles Market
6.1.1 US On-road Motorcycles Market, by Type
6.2 Canada On-road Motorcycles Market
6.2.1 Canada On-road Motorcycles Market, by Type
6.3 Mexico On-road Motorcycles Market
6.3.1 Mexico On-road Motorcycles Market, by Type
6.4 Rest of North America On-road Motorcycles Market
6.4.1 Rest of North America 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 North America On-road Motorcycles Market, 2019 - 2022, USD Million
TABLE 2 North America On-road Motorcycles Market, 2023 - 2030, USD Million
TABLE 3 North America On-road Motorcycles Market, by Type, 2019 - 2022, USD Million
TABLE 4 North America On-road Motorcycles Market, by Type, 2023 - 2030, USD Million
TABLE 5 North America Cruiser Motorcycle Market, by Country, 2019 - 2022, USD Million
TABLE 6 North America Cruiser Motorcycle Market, by Country, 2023 - 2030, USD Million
TABLE 7 North America Touring Motorcycle Market, by Country, 2019 - 2022, USD Million
TABLE 8 North America Touring Motorcycle Market, by Country, 2023 - 2030, USD Million
TABLE 9 North America Sports Bike Market, by Country, 2019 - 2022, USD Million
TABLE 10 North America Sports Bike Market, by Country, 2023 - 2030, USD Million
TABLE 11 North America Standard Motorcycle Market, by Country, 2019 - 2022, USD Million
TABLE 12 North America Standard Motorcycle Market, by Country, 2023 - 2030, USD Million
TABLE 13 North America On-road Motorcycles Market, by Country, 2019 - 2022, USD Million
TABLE 14 North America On-road Motorcycles Market, by Country, 2023 - 2030, USD Million
TABLE 15 US On-road Motorcycles Market, 2019 - 2022, USD Million
TABLE 16 US On-road Motorcycles Market, 2023 - 2030, USD Million
TABLE 17 US On-road Motorcycles Market, by Type, 2019 - 2022, USD Million
TABLE 18 US On-road Motorcycles Market, by Type, 2023 - 2030, USD Million
TABLE 19 Canada On-road Motorcycles Market, 2019 - 2022, USD Million
TABLE 20 Canada On-road Motorcycles Market, 2023 - 2030, USD Million
TABLE 21 Canada On-road Motorcycles Market, by Type, 2019 - 2022, USD Million
TABLE 22 Canada On-road Motorcycles Market, by Type, 2023 - 2030, USD Million
TABLE 23 Mexico On-road Motorcycles Market, 2019 - 2022, USD Million
TABLE 24 Mexico On-road Motorcycles Market, 2023 - 2030, USD Million
TABLE 25 Mexico On-road Motorcycles Market, by Type, 2019 - 2022, USD Million
TABLE 26 Mexico On-road Motorcycles Market, by Type, 2023 - 2030, USD Million
TABLE 27 Rest of North America On-road Motorcycles Market, 2019 - 2022, USD Million
TABLE 28 Rest of North America On-road Motorcycles Market, 2023 - 2030, USD Million
TABLE 29 Rest of North America On-road Motorcycles Market, by Type, 2019 - 2022, USD Million
TABLE 30 Rest of North America On-road Motorcycles Market, by Type, 2023 - 2030, USD Million
TABLE 31 Key Information – Harley-Davidson, Inc.
TABLE 32 Key Information – Yamaha Corporation
TABLE 33 key Information – Honda Motor Co. Ltd.
TABLE 34 Key Information – Kawasaki Heavy Industries, Ltd.
TABLE 35 key information – BMW Group
TABLE 36 Key information – Suzuki Motor Corporation
TABLE 37 Key Information – Ducati Motor Holding S.p.A
TABLE 38 Key Information – Bajaj Auto Ltd.
TABLE 39 Key Information – TVS Motor Company Ltd.
TABLE 40 Key Information – Hero motoCorp ltd
List of Figures
FIG 1 Methodology for the research
FIG 2 North America 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 North America On-road Motorcycles Market share, by Type, 2022
FIG 6 North America On-road Motorcycles Market share, by Type, 2030
FIG 7 North America On-road Motorcycles Market, by Type, 2019 - 2030, USD Million
FIG 8 North America On-road Motorcycles Market share, by Country, 2022
FIG 9 North America On-road Motorcycles Market share, by Country, 2030
FIG 10 North America 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.