Cruiser Bikes Market to Reach $101.98 Bn, Globally, by 2030 at 5.5% CAGR: Allied Market Research

PORTLAND, Ore., Aug. 19, 2021 /PRNewswire/ — Allied Market Research published a report, titled, Cruiser Bikes Market by Engine Capacity (Less Than 500cc, 501cc to 1000 cc and More Than 1000cc), Price (Low, Mid and High) and Application (Daily Commute and Touring): Global Opportunity Analysis and Industry Forecast, 2021–2030.” According to the report, the global cruiser bikes industry generated $61.99 billion in 2020, and is estimated to garner $101.98 billion by 2030, witnessing a CAGR of 5.5% from 2021 to 2030.   

Drivers, restraints, and opportunities

Surge in demand for technologically advanced motorbikes, enhanced rider safety, and rise in demand for advanced motorcycles drive the growth of the global cruiser bikes market. However, high initial investment and increased risk of accidents hinder the market growth. On the other hand, rise in initiatives about the design and development of innovative systems and the emergence of advanced bike technologies create new opportunities in the coming years.

Download Report (247 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/12876

Covid-19 Scenario

  • There has been a massive shortage of raw materials due to a disrupted supply chain with ban on import-export activities, travel bans, and restrictions on transportation in many countries. Moreover, many governments imposed lockdown restrictions in place. This impacted the production activities of cruiser bikes.
  • Owing to economic uncertainties, business discontinuities, and job losses, many individuals postponed their investment plans in cruiser bikes with reduced disposable income.
  • The lockdown affected the entire automotive industry during the initial phases of the Covid-19 pandemic. However, the daily operations would begin and the demand for cruiser bikes would grow during the post-lockdown.

Request for Customization at https://www.alliedmarketresearch.com/request-for-customization/12876

The more than 1000cc segment to continue its lead position during the forecast period

Based on engine capacity, the more than 1000cc segment accounted for the highest share in 2020, contributing for more than half of the global cruiser bikes market, and is projected to continue its lead position during the forecast period. This is due to trend of touring activities by individuals across the globe. However, the 501cc to 1000cc segment is estimated to manifest the highest CAGR of 7.1% from 2021 to 2030, owing to excellent performance as well as the budget-friendly nature of vehicles with this engine.

The touring segment to continue its leadership status during the forecast period

Based on application, the touring segment held the highest share in 2020, accounting for around four-fifths of the global cruiser bikes market, and is expected to continue its leadership status during the forecast period. This is due to surge touring activities among youngsters worldwide. However, the daily commute segment is projected to portray the fastest CAGR of 7.0% from 2021 to 2030. This is attributed to increased demand for advanced and high-performance bikes commute to colleges or offices.

Interested to Procure The Data? Get It Now at https://www.alliedmarketresearch.com/cruiser-bikes-market/purchase-options

Asia-Pacific to offer lucrative opportunities, North America to grow steadily

Based on region, Asia-Pacific is expected to witness the fastest CAGR of 7.4% during the forecast period, owing to surge demand for advanced bikes for traveling among individuals. However, Europe contributed to the highest market share in 2020, holding around one-third of the global cruiser bikes market. This is due to presence of leading companies such as BMW AG, Triumph Motorcycles, Piaggio & C. SpA, and others and top-selling cruiser models offered by them in the region. North America is projected to register a CAGR of 5.3% during the forecast period.

Leading market players

  • BMW AG
  • Harley Davidson
  • Hero Motocorp
  • Honda Motor Company
  • Piaggio
  • Suzuki Motor Company
  • Triumph Motorcycle
  • TVS
  • Yamaha
  • Zero Motorcycle

Schedule a FREE Consultation Call with Our Analysts to Find Solution for Your Business at https://www.alliedmarketresearch.com/connect-to-analyst/12876

Similar Reports We Have on Bikes Industry:

Balance Bike Market by Product (Metal Bike and Wood Bike) and Application (Commercial and Home Use): Global Opportunity Analysis and Industry Forecast, 2021–2030.

BMX Bikes Market by Top Tube Length (Less than 18 Inch, 18-20 Inch, 20-22 Inch, and 22 Inch & Above), Application (Sports, Fitness, and Others) and Distribution Channel (Online and Offline): Global Opportunity Analysis and Industry Forecast, 2021–2030.

Flying Bikes Market (Hoverbikes) by End-Use (Transportation, Police Administration, Military and Defense Purposes, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030.

Recumbent Bike Market by Type (Delta trikes and Disk or Drum Brakes), and by Application (Fitness, Common Use, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2030.

Dirt Bike Market by Propulsion (Petrol, Electric, and Other), by Stroke (2-stroke and 4-stroke), by Power (Below 150cc, 150cc to 250cc, and Above 250cc), and by Application (Intracity, Intercity, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2030.

Fuel Cell Bikes Market by Drive Mechanism (Hub Motor, Mid Drive, and Others), Battery Type (Lead-acid, Lithium-ion (Li-ion), Nickel-metal hydride (NiMh), and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030.

Solar E-Bike Market by Product Type (Pedelecs, Throttle on Demand, and Scooter & Motorcycle), Drive Mechanism (Hub Motor, Mid Drive, and Others), Battery Type (Lead-acid, Lithium-ion (Li-ion), Nickel-metal hydride (NiMh), and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030.

Folding Bikes Market by Distribution Channel (Online and Offline) and Product (Conventional and Electric): Global Opportunity Analysis and Industry Forecast, 2020–2030.

Electric Bike Market by Product (Pedelecs, Speed Pedelecs, Throttle on Demand, and Scooter & Motorcycle), Drive Mechanism (Hub Motor, Mid-Drive, and Others), and Battery Type (Lead Acid, Lithium-Ion (Li-ion), and Others): Global Opportunity Analysis and Industry Forecast, 2020–2030.

Electric Bicycle Market by Motor Type (Hub Motor and Mid-drive), Battery Type (Lead Acid, Lithium-Ion (Li-ion), and Others), Application (Sports, Fitness, and Daily Commute), Consumer Segment (Urban and Rural), and Power Output (250W & Less Than 250W and Above 250W): Global Opportunity Analysis and Industry Forecast, 2020–2030.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa

5933 NE Win Sivers Drive

#205, Portland, OR 97220

United States

USA/Canada (Toll Free):

+1-800-792-5285, +1-503-894-6022, +1-503-446-1141

UK: +44-845-528-1300

Hong Kong: +852-301-84916

India (Pune): +91-20-66346060

Fax: +1(855)550-5975

[email protected]
Web: www.alliedmarketresearch.com 

Allied Market Research Blog: https://blog.alliedmarketresearch.com  
Follow Us on | Facebook | Twitter | LinkedIn |

SOURCE Allied Market Research


Go to Source