Motorcycle Market Growth Analysis & Forecast Report | 2024-2032

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Motorcycle Market Trends, Analysis Forecast,
2032
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• Industry Insights

• Motorcycle Market is projected to reach USD 225.8
  billion by 2032. The increasing demand for
  fuel-efficient and environmentally friendly
  transportation options will favor the industry
  growth. The surging rate of urbanization and
  traffic congestion is increasing the popularity
  of motorcycles for their maneuverability and
  efficiency in crowded areas. Additionally, the
  rising interest in recreational and adventure
  riding is driving the demand for off-road and
  sport motorcycles.
• Technological advancements, including electric
  motorcycles and smart features are further
  attracting consumers to seek modern and
  innovative transportation solutions. For
  instance, in January 2023, Hero MotoCorp, India's
  largest two-wheeler maker, commenced commercial
  trials of production for its flex-fuel
  motorcycles, expected to be introduced in the 100
  to 125 cc mass segment, a significant part of the
  Indian ICE scooter business.

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• Motorcycle industry share from the electric
  propulsion segment is forecasted to exhibit
  robust growth rate through 2032, due to the
  increasing emphasis on sustainable
  transportation. Electric motorcycles help in
  meeting the growing environmental consciousness
  for offering emission-free and energy-efficient
  alternatives. The rising advancements in battery
  technologies, influx of government incentives,
  and the expanding charging infrastructure will
  also promote the adoption of electric
  motorcycles.
• Motorcycle market value from the cruiser segment
  is projected to rise at substantial CAGR till
  2032, owing to the increasing demand for leisure
  riding experiences. Cruisers, known for their
  laid-back designs and comfortable riding stance,
  are increasingly appealing to riders seeking a
  relaxed and stylish journey. The rising
  popularity of cruiser motorcycles among
  enthusiasts for long-distance touring and
  recreational riding will also contribute to their
  heightened adoption. The strong focus of
  manufacturers on innovative features and
  customization options will further enhance the
  appeal of cruiser motorcycles, favoring the
  segment growth.

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• Regional Analysis

• North America motorcycle market size is projected
  to expand at significant CAGR from 2024 to 2032.
  The growth can be attributed to the rising appeal
  for recreational riding, the surge in demand for
  adventure motorcycles, and the growing popularity
  of electric motorcycles. Moreover, the strong
  appeal of motorcycling culture, favorable weather
  conditions for riding, and the introduction of
  innovative motorcycle models will further
  contribute to the regional industry expansion.

• Competitive Analysis

• Bajaj Auto
• Energica Motor Company
• Harley Davidson
• Hero
• Honda Motorcycle
• Kawasaki Heavy Industries
• KTM
• TVS
• Yamaha
• Zero Motorcycles

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