Tuesday, 02 January 2024 12:17 GMT

Global Cruiser Bikes Market To Reach $101.98 Bn By 2030 Driven By Rising Rider Demand


EINPresswire/ -- According to a new report published by Allied Market Research, titled, Cruiser Bikes Market Size, Share, Competitive Landscape and Trend Analysis Report, 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" The global cruiser bikes market was valued at $61.99 billion in 2020, and is projected to reach $101.98 billion by 2030, registering a CAGR of 5.5% from 2021 to 2030.


The global cruiser bikes market is witnessing steady growth, driven by increasing demand for bikes that combine style, comfort, and performance. These bikes are particularly popular among urban commuters and recreational riders seeking a relaxed riding experience. With advancements in design, lightweight materials, and fuel-efficient engines, cruiser bikes are becoming a preferred choice in both developed and emerging markets.

๐——๐—ผ๐˜„๐—ป๐—น๐—ผ๐—ฎ๐—ฑ ๐—ฃ๐——๐—™ ๐—•๐—ฟ๐—ผ๐—ฐ๐—ต๐˜‚๐—ฟ๐—ฒ:

๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐——๐˜†๐—ป๐—ฎ๐—บ๐—ถ๐—ฐ๐˜€
โ€ข Rising Consumer Preference for Lifestyle Bikes: Cruiser bikes are increasingly perceived as a lifestyle statement rather than just a mode of transportation. Consumers are attracted to their aesthetic appeal and comfort-oriented design.

โ€ข Technological Advancements: Manufacturers are introducing advanced features such as fuel-efficient engines, improved suspension systems, and digital dashboards, enhancing rider experience and safety.

โ€ข Growth of Recreational Riding Culture: The growing popularity of recreational biking and motorcycle clubs, especially in North America and Europe, is driving cruiser bike sales.

โ€ข Economic and Urbanization Factors: Rising disposable income and urbanization in emerging economies are enabling more consumers to afford cruiser bikes for leisure and commuting.

โ€ข Challenges from Regulatory Policies: Stringent emission standards and safety regulations in various regions pose challenges to manufacturers, necessitating innovation in environmentally friendly and compliant designs.

๐—ฆ๐—ป๐—ฎ๐—ด ๐——๐—ถ๐˜€๐—ฐ๐—ผ๐˜‚๐—ป๐˜:

๐—ฆ๐—ฒ๐—ด๐—บ๐—ฒ๐—ป๐˜ ๐—ข๐˜ƒ๐—ฒ๐—ฟ๐˜ƒ๐—ถ๐—ฒ๐˜„
The cruiser bikes industry is segmented by engine capacity, fuel type, and distribution channel. Among these, mid-range engine capacity bikes and petrol-powered cruisers dominate the market, while online and dealer-based sales channels continue to expand their reach, providing convenience and a wide variety of models to consumers.

๐—ฅ๐—ฒ๐—ด๐—ถ๐—ผ๐—ป๐—ฎ๐—น ๐—”๐—ป๐—ฎ๐—น๐˜†๐˜€๐—ถ๐˜€
North America leads the cruiser bikes market, driven by a strong biking culture, high disposable incomes, and a mature recreational market. Europe follows closely, with a focus on technologically advanced and fuel-efficient models.

Asia-Pacific is emerging as a high-growth market due to increasing urbanization, young populations, and rising disposable incomes. Countries like India and China are witnessing growing interest in cruiser bikes for both commuting and leisure purposes.

๐—™๐—ผ๐—ฟ ๐—ฃ๐˜‚๐—ฟ๐—ฐ๐—ต๐—ฎ๐˜€๐—ฒ ๐—œ๐—ป๐—พ๐˜‚๐—ถ๐—ฟ๐˜†:

๐—–๐—ผ๐—บ๐—ฝ๐—ฒ๐˜๐—ถ๐˜๐—ถ๐˜ƒ๐—ฒ ๐—”๐—ป๐—ฎ๐—น๐˜†๐˜€๐—ถ๐˜€
Key players in the cruiser bikes market include Harley-Davidson, Honda Motor Co., Yamaha Motor Co., Kawasaki Heavy Industries, and Suzuki Motor Corporation. These companies focus on product innovation, brand loyalty, and expanding their dealer networks to maintain a competitive edge.

Strategic collaborations, launches of limited-edition models, and investments in marketing campaigns are common strategies adopted by leading manufacturers to strengthen their presence globally.

๐—ž๐—ฒ๐˜† ๐—™๐—ถ๐—ป๐—ฑ๐—ถ๐—ป๐—ด๐˜€ ๐—ผ๐—ณ ๐˜๐—ต๐—ฒ ๐—ฆ๐˜๐˜‚๐—ฑ๐˜†
โ€ข Increasing consumer interest in lifestyle and recreational biking is driving market growth.
โ€ข Mid-range engine and petrol-powered cruisers dominate global sales.
โ€ข North America remains the largest market, followed by Europe and Asia-Pacific.
โ€ข Technological advancements and design innovations are key growth drivers.
โ€ข Stringent emission and safety regulations challenge manufacturers to innovate sustainably.

๐—ง๐—ฟ๐—ฒ๐—ป๐—ฑ๐—ถ๐—ป๐—ด ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜๐˜€ ๐—ถ๐—ป ๐—œ๐—ป๐—ฑ๐˜‚๐˜€๐˜๐—ฟ๐˜†
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