According to a new report, published by KBV research, The Global On-road Motorcycles Market size is expected to reach $93.3 billion by 2030, rising at a market growth of 6.1% CAGR during the forecast period.
The Touring Motorcycle segment is experiencing a CAGR of 6.3% during (2023 - 2030). Touring motorcycles are renowned for their comfortable riding ergonomics. Featuring a relaxed and upright seating position, these bikes prioritize rider comfort during long journeys. This feature addresses the practical needs of riders embarking on extended trips, enabling them to carry luggage, gear, and essentials without compromising comfort or safety. Touring motorcycles are designed to handle various road conditions, from highways to winding mountain roads. This versatility makes them suitable for riders who seek a bike capable of accommodating different terrains and weather conditions, providing a sense of confidence and reliability.
The Asia Pacific region dominated the Global On-road Motorcycles Market, by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $56.2 billion by 2030. The Europe region is anticipating a CAGR of 5% during (2023 - 2030). Additionally, The North America region would exhibit a CAGR of 5.7% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/on-road-motorcycles-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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