Major participants in the large two-wheeler market include Honda, Polaris, Harley-Davidson, Ducati, BMW, Triumph, Kawasaki, etc.
SELBYVILLE, Del., April 23, 2024 (Globe Newswire) —
According to a report, the market valuation of large motorcycles is expected to reach USD 40.5 billion in 2032. Research by Global Market Insights Inc.
Increasing consumer preference for a premium ride featuring powerful engines, advanced features, and iconic design is expected to drive industry growth. Heavyweight bikes give riders freedom, adventure, and prestige and are extremely popular among bike enthusiasts. With rising disposable incomes, especially in emerging countries, more consumers are willing to invest in luxury and lifestyle products to satisfy their passion for riding and explore new horizons.
Leading manufacturers also continually introduce new models with cutting-edge features such as advanced rider assistance systems, improved suspension systems, and enhanced connectivity options. For example, Tata Motors unveiled the much-awaited 2023 Harrier and Safari facelift SUVs in October 2023, marking a milestone in safety and innovation. These innovations not only improve the performance, comfort and safety of heavyweight bikes, but also appeal to a wide range of riders, including young riders and urban commuters. Environmental concerns and regulatory incentives are further boosting the industry’s prospects for the expansion of electric and hybrid heavy-duty bikes.
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The heavy motorcycle market from the bagger type segment of heavy motorcycles is expected to expand from 2023 to 2032. Featuring distinctive styling with a large front fairing and integrated saddlebags, bagger motorcycles appeal to riders looking for comfort, convenience and long-distance touring. ability. Bagger bikes are in high demand as consumers increasingly value comfort and versatility in their riding experience. To achieve this objective, manufacturers are introducing new bagger models with advanced features such as powerful engines, ergonomic seats, and state-of-the-art infotainment systems.
The over 1200 cc heavy bike market is expected to generate sustainable growth from 2023 to 2032. These large displacement bikes cater to riders seeking unparalleled power, performance and prestige. Powered by engines over 1200cc, these bikes offer exhilarating acceleration and excellent cruising performance, making them especially appealing to speed and adrenaline seekers. Additionally, growing acceptance of a wider variety of motorcycles, including cruisers, tourers, and sport bikes, which offer versatility to accommodate a variety of rider preferences and riding styles, is also fueling the growth of this segment. It will be.
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The North American heavyweight motorcycle market size is expected to exhibit a robust CAGR from 2023 to 2032 due to the rich motorcycle culture and long-standing tradition of recreational riding. Consumers have a strong affinity for heavy bikes, seeing them not only as a means of transportation, but also as a symbol of their lifestyle and an expression of their individuality. A vast network of scenic highways and routes across North America, including iconic destinations like Route 66 and the Pacific Coast Highway, also drives demand for heavyweight bikes among touring enthusiasts seeking adventure and exploration. is increasing.
Top companies involved in the heavy bike market include Honda, Polaris, Harley-Davidson, Ducati, BMW, Triumph, Kawasaki, etc. These market players are engaged in new product development, collaborations, acquisitions, and mergers to expand their product portfolios. For example, in March 2023, BMW Motorrad launched the R 18 Transcontinental for the Indian market.
Some chapters in the report’s Table of Contents (TOC):
Chapter 1 Methodology and Scope
1.1 Market scope and definition
1.2 Basic estimation and calculations
1.3 Prediction calculation
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Official sources
Chapter 2 Summary
2.1 Heavy bike market 3600 Overview, 2019-2032
2.2 Business trends
2.2.1 Total Addressable Market (TAM), 2023-2032
2.3 Regional trends
2.4 Type trends
2.5 Trends in displacement types
Chapter 3: Insights into the Heavy Duty Motorcycle Market
3.1 Impact of the new coronavirus infection (COVID-19)
3.2 Impact of the Russia-Ukraine war
3.3 Industry ecosystem analysis
3.4 Vendor Matrix
3.5 Profitability analysis
3.6 Technology and Innovation Outlook
3.7 Patent analysis
3.8 Major news and initiatives
3.8.1 Partnership/Collaboration
3.8.2 Mergers/Acquisitions
3.8.3 Investment
3.8.4 Launch and innovation
3.9 Regulatory status
3.10 Impact force
3.10.1 Drivers of growth
3.10.1.1 Increase in disposable income
3.10.1.2 Increased adventure and tour events
3.10.1.3 Technological advances in motorcycle technology
3.10.1.4 The growing popularity of bike tourism and group rides
3.10.1.5 Demand for convenient transportation in urban areas
3.10.2 Industry Pitfalls and Challenges
3.10.2.1 High upfront costs
3.10.2.2 Increase in sales of electric motorcycles
3.11 Growth potential analysis
3.12 Porter’s analysis
3.13 PESTEL analysis
Chapter 4 Competitive environment in 2022
4.1 Introduction
4.2 Market share of companies, 2022
4.3 Competitive Analysis of Key Market Players, 2022
4.3.1 Honda
4.3.2 Harley Davidson
4.3.3 BMW
4.3.4 Kawasaki
4.3.5 Victory
4.3.6 Ducati
4.3.7 Polaris Corporation
4.4 Competitive Positioning Matrix, 2022
4.5 Strategic Outlook Matrix, 2022
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