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Cruiser Bikes Market Size, Share & Industry Analysis, By Engine Capacity (Less than 500cc., 501cc-1000cc, More than 1000cc), By Price Range (Low., Mid., High.), (By Price Range (Low., Mid., High.)) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI105917 | Status : Ongoing



Cruiser bikes are luxury bikes that are preferred among the young generation for aesthetics looks. These bikes are designed in such a style that the feet of the rider is placed forward and the driver sits slightly back of the bike. Cruiser bikes are equipped with greater performance engines than usual with comparatively more horsepower, stronger suspension and stronger brakes. Cruiser bikes are equipped with advanced technology like navigation, infotainment, technologies and several autonomous technologies, the features such as increased safety and the growing trend of customization of bikes are some of the major market drivers.

The increased comfort and luxury feel with advancements in technology are some of the major factors driving the growth of the market. Also, increased initiatives by major market players to enhance the design and fuel efficiency of the cruiser bikes are expected to boost the market growth. However, The high risk of accidents and increased initial investment cost are some of the major factors hampering the growth of the market.

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Key Market Driver -

the increased comfort and luxury feel with advancements in technology are some of the major factors driving the growth of the market.

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Key Market Restraint -

the high risk of accidents and increased initial investment cost are some of the major factors hampering the growth of the market

Market Segmentation:

The global cruiser bikes market is segmented by engine capacity, by price, by application and by geography. Based on engine capacity the market is further sub-segmented into less than 500cc, 500-1000cc and more than 1000cc. Among these 500-1000cc segment is expected to account for the largest market share in the year 2020 and it is expected to continue its dominance over the forecast period. As the majority of medium price ranged cruiser bikes are equipped with 500-1000cc engines and they provide better fuel efficiency, the market is expected to grow significantly over the forecast period.

Based on price the market is segmented into low, medium and high. The medium segment accounted for the largest market share and it is expected to dominate the market during the forecast period with a steady CAGR. The increased disposable income and demand for technically advanced vehicles are some of the major factors driving the growth of the market. Also, the medium price ranged vehicles come with improved designs and enhanced fuel efficiency.

Based on application the market is segmented into daily commute and touring. The daily commute segment accounted for the largest market share in the year 2020 and it is expected to dominate the market during the forecast period with a rapid CAGR. Cruiser vehicles are more luxurious kinds of motorbikes, they are used more comforting, but they are not fuel-efficient therefore cruiser bikes are used in daily commute activities more as compared to touring.

Key Players:

Major players operating in the global cruiser bikes market include Harley Davidson, BMW AG, Honda Motor Company, Hero MotoCorp, Suzuki Motor Company, Piaggio, Triumph Motorcycle, Yamaha, Suzuki Motor Company and Zero Motorcycle among others.

Key Insights

  • New Advancements in cruiser bikes market.

  • Number of Products, Key Countries, 2020

  • New Product Launches, Key Players

Regional Analysis:

Geographically, the market is segmented into Asia Pacific, Europe, North America, and the Rest of the World. The Asia Pacific held the largest share of the market in 2020 and it is projected to dominate the market in the coming years with the highest CAGR. Some of the major factors such as the expansion of the automotive industry in the area and increased demand for luxurious motorbikes are expected to drive the growth of the market. Also, due to the presence of major market players, China is estimated to be the largest revenue-generating country in the region.

North America is estimated to be the second-largest region for the market and it is anticipated to grow steadily in the coming years. The increased comfort and increase in the per capita income of customers in the region are expected to drive market growth. Europe is expected to account for a considerable share in the market and it is expected to grow rapidly over the forecast period the factors such as the scope of modification in the cruiser bikes and improved designs and introduction of advanced technologies are expected to drive the market growth.

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By Engine Capacity

  • Less than 500cc.

  • 501cc-1000cc

  • More than 1000cc

By Price Range

  • Low.

  • Mid.

  • High.

By Application

  • Daily Commute.

  • Touring

By Geography

  • North America (USA, Canada, and Mexico)

  • Europe (Germany, France, U.K., and Rest of Europe)

  • Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific)

  • Rest of the World

  • Ongoing
  • 2023
  • 2019-2022

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