PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1597584
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1597584
India Premium Bikes Market, By Type; By Engine Capacity; By Distribution Channel; By End User; By Region, Trend Analysis, Competitive Landscape & Forecast, 2019-2030
India Premium Bikes Market Vrooming Fast to Cross USD 21 Billion by 2030
India Premium Bikes Market is thriving due to an increasing discretionary spending, a spurring demand for high-performance two wheelers, rapid urbanization, evolving consumer preferences, improved infrastructure, and the rising trend of adventure tourism.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated India Premium Bikes Market size by value at USD 14.2 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects India Premium Bikes Market size to expand at a CAGR of 6.30% reaching a value of USD 21.2 billion by 2030. Major driving factors for India Premium Bikes Market include the rising disposable incomes, increased consumer demand for high-performance motorcycles, and growing interest in adventure and long-distance biking. The young, affluent population seeks superior design, advanced technology, and enhanced riding experiences, contributing to market growth. Additionally, urbanization, a shift toward lifestyle-oriented vehicles, and the availability of financing options further fuel the demand for premium bikes in India. Environmental awareness also boosts the popularity of eco-friendly, high-tech models.
Opportunity - Growing Interest in Electric Vehicles
A spurring demand for electric vehicles (EVs) in India is significantly influencing the premium bikes market. With increasing environmental awareness and government initiatives promoting clean energy, consumers are opting for electric two-wheelers as a sustainable alternative. Premium bike manufacturers are responding by launching high-performance electric models, catering to the eco-conscious and tech-savvy segment. This shift towards electric bikes is expected to drive market growth as more riders seek efficient, eco-friendly transportation options.
Impact of Escalating Geopolitical Tensions on India Premium Bikes Market
Escalating geopolitical tensions could disrupt global supply chains and increase the cost of raw materials, potentially impacting the production of electric vehicles (EVs) in India Premium Bikes Market. However, growing concerns over energy security and environmental sustainability may drive domestic demand for EVs, encouraging investment in local production and innovation. Additionally, shifts in global policies could create opportunities for India to boost its EV industry as a strategic alternative to reliance on foreign oil and fossil fuels.
Offline Segment Leads India Premium Bikes Market by Distribution Channel
The offline segment dominates India Premium Bikes Market. Many consumers prefer buying premium bikes in person due to the substantial investment required, as it allows them to inspect the models, take test rides, and interact with sales representatives directly. This hands-on experience provides greater assurance and confidence in their purchase, enabling them to assess the bike's quality, performance, and features. Further, premium bike showrooms often offer personalized services and exclusive in-store experiences, which enhance customer satisfaction and strengthen the preference for offline shopping over online platforms.
Competitive Landscape
India Premium Bikes Market is fiercely competitive, with numerous companies vying for a larger market share. Major companies in the market include Hero MotoCorp Ltd, India Kawasaki Motors Pvt Ltd, Piaggio Vehicles Pvt Ltd, Honda Motorcycle & Scooter India Pvt Ltd, Suzuki Motorcycle India Pvt Ltd, Triumph Motorcycles India Pvt Ltd, BMW India Pvt Ltd, Yamaha Motor India Pvt Ltd, Harley-Davidson, Inc., and Ducati India Pvt Ltd. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in India Premium Bikes Market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of India Premium Bikes Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India Premium Bikes Market and industry insights to help decision-makers make sound strategic decisions. Further, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. India Premium Bikes Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Rising disposable incomes
- 3.2.1.2. Changing consumer preferences
- 3.2.1.3. Government initiatives and supportive policies including infrastructure development and relaxed import duties
- 3.2.2. Restraints
- 3.2.2.1. High costs than mass-market motorcycles
- 3.2.2.2. Poor road conditions and limited parking facilities in urban areas
- 3.2.3. Opportunities
- 3.2.3.1. Offering customization options and high-quality aftersales services
- 3.2.3.2. Growing interest in electric vehicles
- 3.2.3.3. Fostering a strong biking community through events and clubs
- 3.2.4. Challenges
- 3.2.4.1. Intense Competition with both domestic and international players
- 3.2.4.2. Stringent emission and safety norms
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. India Premium Bikes Market: Marketing Strategies
5. India Premium Bikes Market Overview
- 5.1. Market Size & Forecast, 2019-2030
- 5.1.1. By Value (USD Billion)
- 5.2. Market Share & Forecast
- 5.2.1. By Type
- 5.2.1.1. Sports Bikes
- 5.2.1.2. Cruiser Bikes
- 5.2.1.3. Adventure and Touring Bikes
- 5.2.1.4. Others
- 5.2.2. By Engine Capacity
- 5.2.2.1. 250cc to 500cc
- 5.2.2.2. 500cc to 800cc
- 5.2.2.3. 800cc and Above
- 5.2.3. By Distribution Channel
- 5.2.3.1. Online
- 5.2.3.2. Offline
- 5.2.4. By End User
- 5.2.4.1. Leisure and Adventure Enthusiasts
- 5.2.4.2. Sports Enthusiasts
- 5.2.4.3. Daily Commuters
- 5.2.5. By Region
- 5.2.5.1. North India
- 5.2.5.2. South India
- 5.2.5.3. East India
- 5.2.5.4. West India
- 5.2.1. By Type
6. North India Premium Bikes Market
- 6.1. Market Size & Forecast, 2019-2030
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Engine Capacity
- 6.2.3. By Distribution Channel
- 6.2.4. By End User
7. South India Premium Bikes Market
- 7.1. Market Size & Forecast, 2019-2030
- 7.1.1. By Value (USD Billion)
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Engine Capacity
- 7.2.3. By Distribution Channel
- 7.2.4. By End User
8. East India Premium Bikes Market
- 8.1. Market Size & Forecast, 2019-2030
- 8.1.1. By Value (USD Billion)
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Engine Capacity
- 8.2.3. By Distribution Channel
- 8.2.4. By End User
9. West India Premium Bikes Market
- 9.1. Market Size & Forecast, 2019-2030
- 9.1.1. By Value (USD Billion)
- 9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Engine Capacity
- 9.2.3. By Distribution Channel
- 9.2.4. By End User
10. Competitive Landscape
- 10.1. List of Key Players and Their Offerings
- 10.2. India Premium Bikes Company Market Share Analysis, 2023
- 10.3. Competitive Benchmarking, By Operation Channel Parameters
- 10.4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
11. Impact of Escalating Geopolitical Tension in India Premium Bikes Market
12. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 12.1. Hero MotoCorp Ltd
- 12.2. India Kawasaki Motors Pvt Ltd
- 12.3. Piaggio Vehicles Pvt Ltd
- 12.4. Honda Motorcycle & Scooter India Pvt Ltd
- 12.5. Suzuki Motorcycle India Pvt Ltd
- 12.6. Triumph Motorcycles India Pvt Ltd
- 12.7. BMW India Pvt Ltd
- 12.8. Yamaha Motor India Pvt Ltd
- 12.9. Harley-Davidson, Inc.
- 12.10. Ducati India Pvt Ltd
- 12.11. Other Prominent Players
13. Key Strategic Recommendations
14. Research Methodology
- 14.1. Qualitative Research
- 14.1.1. Primary & Secondary Research
- 14.2. Quantitative Research
- 14.3. Market Breakdown & Data Triangulation
- 14.3.1. Secondary Research
- 14.3.2. Primary Research
- 14.4. Breakdown of Primary Research Respondents, By Region
- 14.5. Assumption & Limitation
*Financial information of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of Figures
- Figure 1 India Premium Bikes Market Segmentation
- Figure 2 India Premium Bikes Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 India Premium Bikes Market Size, By Value (USD Billion), 2019-2030
- Figure 5 India Premium Bikes Market Share, By Type, By Value (USD Billion) 2019-2030
- Figure 6 India Premium Bikes Market Share, By Engine Capacity, By Value (USD Billion) 2019-2030
- Figure 7 India Premium Bikes Market Share, By Distribution Channel, By Value (USD Billion) 2019-2030
- Figure 8 India Premium Bikes Market Share, By End User, By Value (USD Billion) 2019-2030
- Figure 9 India Premium Bikes Market Share, By Region, By Value (USD Billion) 2019-2030
- Figure 10 North India Premium Bikes Market Size, By Value (USD Billion), 2019-2030
- Figure 11 North India Premium Bikes Market Share, By Type, By Value (USD Billion) 2019-2030
- Figure 12 North India Premium Bikes Market Share, By Engine Capacity, By Value (USD Billion) 2019-2030
- Figure 13 North India Premium Bikes Market Share, By Distribution Channel, By Value (USD Billion) 2019-2030
- Figure 14 North India Premium Bikes Market Share, By End User, By Value (USD Billion) 2019-2030
- Figure 15 South India Premium Bikes Market Size, By Value (USD Billion), 2019-2030
- Figure 16 South India Premium Bikes Market Share, By Type, By Value (USD Billion) 2019-2030
- Figure 17 South India Premium Bikes Market Share, By Engine Capacity, By Value (USD Billion) 2019-2030
- Figure 18 South India Premium Bikes Market Share, By Distribution Channel, By Value (USD Billion) 2019-2030
- Figure 19 South India Premium Bikes Market Share, By End User, By Value (USD Billion) 2019-2030
- Figure 20 East India Premium Bikes Market Size, By Value (USD Billion), 2019-2030
- Figure 21 East India Premium Bikes Market Share, By Type, By Value (USD Billion) 2019-2030
- Figure 22 East India Premium Bikes Market Share, By Engine Capacity, By Value (USD Billion) 2019-2030
- Figure 23 East India Premium Bikes Market Share, By Distribution Channel, By Value (USD Billion) 2019-2030
- Figure 24 East India Premium Bikes Market Share, By End User, By Value (USD Billion) 2019-2030
- Figure 25 West India Premium Bikes Market Size, By Value (USD Billion), 2019-2030
- Figure 26 West India Premium Bikes Market Share, By Type, By Value (USD Billion) 2019-2030
- Figure 27 West India Premium Bikes Market Share, By Engine Capacity, By Value (USD Billion) 2019-2030
- Figure 28 West India Premium Bikes Market Share, By Distribution Channel, By Value (USD Billion) 2019-2030
- Figure 29 West India Premium Bikes Market Share, By End User, By Value (USD Billion) 2019-2030
List of Tables
- Table 1 India Premium Bikes Market Size, By Value (USD Billion), 2019-2030
- Table 2 India Premium Bikes Market Share, By Type, By Value (USD Billion) 2019-2030
- Table 3 India Premium Bikes Market Share, By Engine Capacity, By Value (USD Billion) 2019-2030
- Table 4 India Premium Bikes Market Share, By Distribution Channel, By Value (USD Billion) 2019-2030
- Table 5 India Premium Bikes Market Share, By End User, By Value (USD Billion) 2019-2030
- Table 6 India Premium Bikes Market Share, By Region, By Value (USD Billion) 2019-2030
- Table 7 North India Premium Bikes Market Size, By Value (USD Billion), 2019-2030
- Table 8 North India Premium Bikes Market Share, By Type, By Value (USD Billion) 2019-2030
- Table 9 North India Premium Bikes Market Share, By Engine Capacity, By Value (USD Billion) 2019-2030
- Table 10 North India Premium Bikes Market Share, By Distribution Channel, By Value (USD Billion) 2019-2030
- Table 11 North India Premium Bikes Market Share, By End User, By Value (USD Billion) 2019-2030
- Table 12 South India Premium Bikes Market Size, By Value (USD Billion), 2019-2030
- Table 13 South India Premium Bikes Market Share, By Type, By Value (USD Billion) 2019-2030
- Table 14 South India Premium Bikes Market Share, By Engine Capacity, By Value (USD Billion) 2019-2030
- Table 15 South India Premium Bikes Market Share, By Distribution Channel, By Value (USD Billion) 2019-2030
- Table 16 South India Premium Bikes Market Share, By End User, By Value (USD Billion) 2019-2030
- Table 17 East India Premium Bikes Market Size, By Value (USD Billion), 2019-2030
- Table 18 East India Premium Bikes Market Share, By Type, By Value (USD Billion) 2019-2030
- Table 19 East India Premium Bikes Market Share, By Engine Capacity, By Value (USD Billion) 2019-2030
- Table 20 East India Premium Bikes Market Share, By Distribution Channel, By Value (USD Billion) 2019-2030
- Table 21 East India Premium Bikes Market Share, By End User, By Value (USD Billion) 2019-2030
- Table 22 West India Premium Bikes Market Size, By Value (USD Billion), 2019-2030
- Table 23 West India Premium Bikes Market Share, By Type, By Value (USD Billion) 2019-2030
- Table 24 West India Premium Bikes Market Share, By Engine Capacity, By Value (USD Billion) 2019-2030
- Table 25 West India Premium Bikes Market Share, By Distribution Channel, By Value (USD Billion) 2019-2030
- Table 26 West India Premium Bikes Market Share, By End User, By Value (USD Billion) 2019-2030
- Table 27 Hero MotoCorp Ltd Company Overview
- Table 28 Hero MotoCorp Ltd Financial Overview
- Table 29 India Kawasaki Motors Pvt Ltd Company Overview
- Table 30 India Kawasaki Motors Pvt Ltd Financial Overview
- Table 31 Piaggio Vehicles Pvt Ltd Company Overview
- Table 32 Piaggio Vehicles Pvt Ltd Financial Overview
- Table 33 Honda Motorcycle & Scooter India Pvt Ltd Company Overview
- Table 34 Honda Motorcycle & Scooter India Pvt Ltd Financial Overview
- Table 35 Suzuki Motorcycle India Pvt Ltd Company Overview
- Table 36 Suzuki Motorcycle India Pvt Ltd Financial Overview
- Table 37 Triumph Motorcycles India Pvt Ltd Company Overview
- Table 38 Triumph Motorcycles India Pvt Ltd Financial Overview
- Table 39 BMW India Pvt Ltd Company Overview
- Table 40 BMW India Pvt Ltd Financial Overview
- Table 41 Yamaha Motor India Pvt Ltd Company Overview
- Table 42 Yamaha Motor India Pvt Ltd Financial Overview
- Table 43 Harley-Davidson, Inc. Company Overview
- Table 44 Harley-Davidson, Inc. Financial Overview
- Table 45 Ducati India Pvt Ltd Company Overview
- Table 46 Ducati India Pvt Ltd Financial Overview
