With an increasing number of cars being fitted with advanced navigation, infotainment, telematics, and autonomous technologies, the demand for such features in bikes is anticipated to increase in the coming years. Furthermore, electric bikes produce zero emissions, superior power output, reduced maintenance, and offer unique designs, which are expected to boost their demand over the years. The buyers of motorcycles have well-accepted electric bikes, which is increasing the penetration of electric bikes globally. Over the years, different kinds of motorcycles such as sport bikes, cruiser bikes, touring bikes, and mopeds have been launched to cater to different customer needs. They let the riders move through constricted spaces, are fast & highly maneuverable, and offer a thrilling experience while traveling on different terrains. Motorbikes are the most used conveyance option to travel from one location to another. Get more information on this report : Request Sample Pages Rising demand from customers for technologically advanced motor bikes The key players profiled in the global cruiser bikes market include BMW AG, Harley Davidson, Hero Motocorp, Honda Motor Company, Piaggio, Suzuki Motor Company, Triumph Motorcycle, TVS, Yamaha and Zero Motorcycle. By region, the global market has been studied across North America, Europe, Asia-Pacific and LAMEA. Based on the application, the market has been segmented into daily commute and touring. Based on price, the market has been segmented into low, mid, and high. Based on engine capacity, the market has been segmented into 250cc to 500cc, 500cc to 800cc, 800cc to 1600cc and >1600cc. The global cruiser bikes market has been segmented on the basis of engine capacity, price, application and region. However, increasing initiatives regarding the design and development of innovative systems and introduction of advanced technologies in bikes are the factors that are expected to create a positive impact thus, supplementing the growth of the cruiser bikes market across the globe. Moreover, the factors such as high initial investment cost and high risk of accidents hampers the growth of the global market. Get more information on this report : Request Sample Pagesįactors such as rising demand from customers for technologically advanced motor bikes, improvement in rider’s safety and increased demand for advanced motorcycles supplements the growth of the global cruiser bikes market. Cruiser bikes with greater performance than usual, including more horsepower, stronger brakes and better suspension, are often called power cruisers. Typical cruiser engines emphasize easy ride-ability & shifting, with plenty of low-end torque but not necessarily large amounts of horsepower, traditionally V-twins but inline engines have become more common. Cruiser bikes are made in such a style that the feet of the driver are placed forward on the bike while the driver sits slightly at the back on the bike. Cruiser bikes initially originated in early 20th century in North America, which were offered by some of the key manufacturers such as Harley-Davidson, Excelsior and Henderson. The vehicle industry also registered a decline in the business due to the closure of national & international borders, which has halted the movement of components that are manufactured in other countries and are transported to different manufacturer’s locations.Ĭruiser bikes are luxurious bikes that are meant for travelling purpose as well as are preferred among individuals for their aesthetic looks. The most common reasons for the decline in the growth are attributed to movement restrictions, border controls & closures, and health screening. The outbreak of COVID-19 has resulted in flight cancellations, travel bans, and quarantines, which made massive slowing of the supply chain and logistics activities across the world. The global cruiser bikes market was valued at $61.99 billion in 2020, and is projected to reach $101.98 billion by 2030, registering a CAGR of 5.5% from 2021 to 2030. Cruiser Bikes Market Statistics 2021-2030:
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |