Global Street Motorcycles Market Size By Type, By Engine Capacity, By Geographic Scope And Forecast

Street Motorcycles Market Size And Forecast

Street Motorcycles Market size is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2024 to 2031.

Global Street Motorcycles Market Drivers

The market drivers for the Street Motorcycles Market can be influenced by various factors. These may include:

Growing Urbanization:

As cities and metropolitan regions develop, there is an increasing need for economical and effective transportation options. Motorcycles on the street offer a practical way to get around crowded metropolitan streets.

Growing disposable Income:

As disposable income rises, more people will be able to afford to buy motorcycles, which will boost street motorcycle sales.

Technological Advancements in Motorcycling:

Consumers are finding street bikes more appealing due to improvements in fuel efficiency, safety features, and motorbike design. This covers advancements in electronic systems, rider safety technology, and engine performance.

Growing Popularity of Adventure and leisure Riding:

The market for street motorbikes is being driven by the growing interest in adventure and leisure riding. Motorcycle enthusiasts are purchasing them for recreational purposes, which is fueling industry expansion.

Government Initiatives and regulations:

The street motorcycle market is benefiting from government regulations in some areas that encourage the usage of two-wheelers to lessen traffic congestion and carbon emissions.

Growth of Motorcycle Rental Services:

As motorcycle rental services and sharing platforms proliferate, street bikes become more widely available, which increases consumer demand.

Better Financing alternatives:

Consumers are finding it simpler to buy street motorcycles thanks to improved financing alternatives and adaptable lending programs, which is fueling industry expansion.

Rising Fuel Prices:

Consumers are searching for more fuel-efficient modes of transportation as fuel prices climb. Due to their fuel efficiency, street motorcycles are increasingly being chosen for everyday transportation.

Cultural Trends and Lifestyle Shifts:

The rising popularity of street motorcycles is partly due to burgeoning motorcycle clubs, bike events, and a general move towards an active lifestyle.

Expanding Aftermarket Services:

More people are investing in motorbikes as a result of the increased availability of aftermarket services and accessories for street bikes, which improve the ownership experience.

Global Street Motorcycles Market Restraints

Several factors can act as restraints or challenges for the Street Motorcycles Market. These may include:

High Initial Costs:

The high initial cost of street motorbikes might be a deterrent for prospective customers, especially in underdeveloped nations.

Costs of Maintenance and Repairs:

Some buyers may be discouraged from buying street motorcycles due to the high continuous costs of maintenance, repairs, and parts replacement.

Safety Concerns:

Compared to other modes of transportation like vehicles, motorcycles are frequently thought to be less safe. Demand may be lowered by high accident rates and the perception of danger.

Environmental restrictions:

Since manufacturers must make costly investments in cleaner technologies, stricter emission standards and environmental restrictions may have an impact on motorcycle production and sales.

Competition from Other Modes of mobility:

The market expansion for street motorcycles may be constrained by the accessibility and acceptance of alternative forms of mobility like automobiles, public transportation, and bicycles.

Economic Conditions:

Consumer spending power can be diminished by financial instability and economic downturns, which can have a detrimental impact on the market.

Insurance Costs:

Exorbitant motorcycle insurance rates may discourage riders, particularly those who are younger.

Urban Traffic and Infrastructure:

The expansion of the motorbike market might be impeded by inadequate infrastructure, such as badly maintained roads and a scarcity of parking spots.

Changing Customer Preferences:

The market for street motorbikes may be impacted by a move in consumer preferences toward more convenient or ecologically friendly forms of transportation.

Global Street Motorcycles Market Segmentation Analysis

The Global Street Motorcycles Market is Segmented on the basis of Type, Engine Capacity, and Geography.

Street Motorcycles Market, By Engine Capacity

• Up to 150 cc:
• These motorcycles are typically lightweight and fuel-efficient, suitable for daily commuting and short-distance travel. They are popular in regions where affordability and ease of handling are prioritized.

151-300 cc:

• These motorcycles offer a balance between performance and fuel efficiency. They are suitable for both city commuting and occasional longer rides. They cater to riders looking for a bit more power without compromising on economy.

301-500 cc:

• These motorcycles are designed for riders who seek more power and performance. They are versatile, suitable for city rides, highways, and even some off-road capabilities. They are popular among enthusiasts who are upgrading from smaller bikes.

501-800 cc

• : These motorcycles provide high performance and are suitable for touring, sport riding, and long-distance travel. They offer a good mix of power, stability, and comfort, appealing to experienced riders.

801-1000 cc:

• These are high-performance motorcycles, often used for sport touring and racing. They offer advanced features, high speeds, and superior handling, targeting professional riders and motorcycle enthusiasts.
• Above 1000 cc:
• These motorcycles are at the top end of the market, offering maximum performance, speed, and advanced technology. They are designed for professional racing, long-distance touring, and riders who demand the best in power and performance.

Street Motorcycles Market, By Type

• Standard:
• Also known as naked bikes, these motorcycles offer a versatile and comfortable riding position. They are designed for general use and are suitable for beginners and experienced riders alike.
• Cruiser
• : These motorcycles are characterized by their low seat height, relaxed riding position, and distinctive styling. They are built for comfortable long-distance rides and are popular for their classic and retro looks.
• Sport Bike:
• Designed for speed and agility, sport bikes are built for performance. They feature a more aggressive riding position and are equipped with powerful engines and advanced suspension systems, making them suitable for racing and spirited riding.
• Touring:
• These motorcycles are built for long-distance travel and come with features like large fuel tanks, comfortable seating, and storage options. They are designed for comfort and endurance on long rides.
• Adventure:
• Also known as dual-sport or adventure touring motorcycles, these bikes are built for both on-road and off-road riding. They feature high ground clearance, rugged construction, and long-travel suspension to handle various terrains.
• Others (such as Electric Motorcycles, Custom Motorcycles):
• This category includes electric motorcycles, which are gaining popularity due to their eco-friendliness and low running costs, and custom motorcycles, which are modified or handmade to suit individual preferences and styles.

Street Motorcycles Market, By Geography

• North America:
• This market includes the United States, Canada, and Mexico. The region is known for its strong demand for cruisers, touring bikes, and high-performance motorcycles.
• Europe:
• This market covers countries like Germany, France, the UK, Italy, and Spain. Europe has a diverse market with a significant demand for sport bikes, touring motorcycles, and a growing interest in electric motorcycles.
• Asia-Pacific:
• This region includes China, India, Japan, South Korea, and Southeast Asian countries. The market is dominated by commuter motorcycles with smaller engine capacities, but there is a growing segment for high-performance and premium bikes.
• Latin America:
• Countries like Brazil, Argentina, and Colombia fall under this region. The market is characterized by a demand for affordable and fuel-efficient motorcycles, with a rising interest in mid-range and premium segments.
• Middle East & Africa:
• This market includes countries in the Middle East and Africa. The demand here varies widely, with a growing interest in both commuter bikes and high-performance motorcycles, influenced by economic conditions and regional preferences.

Key Players

• BMW
• Honda
• Harley-Davidson
• Yamaha
• Suzuki
• KTM
• Ducati
• Kawasaki
• Triumph