Motorcycles - United States

  • United States
  • Revenue in the Motorcycles market is projected to reach US$6.98bn in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 1.78%, resulting in a projected market volume of US$7.49bn by 2028.
  • The market's largest segment is On-road Motorcycles with a projected market volume of US$6.01bn in 2024.
  • Motorcycles market unit sales are expected to reach 620.10k motorcyles in 2028.
  • The volume weighted average price of Motorcycles market in 2024 is expected to amount to US$12.01k.
  • With a motorcycle unit sales share of 0.0% in 2024, BMW Motorrad is expected to have the highest market share in the selected region.
  • The value market share of the make BMW Motorrad in the selected region is expected to stand at 0.0% in 2024.
  • From an international perspective it is shown that the most revenue will be generated in India (US$31,140.00m in 2024).

Key regions: Thailand, Italy, Indonesia, Spain, Germany

 
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Analyst Opinion

The Motorcycles market in United States has been experiencing steady growth in recent years, driven by various factors such as customer preferences, market trends, local special circumstances, and underlying macroeconomic factors.

Customer preferences:
In the United States, motorcycles are not only seen as a mode of transportation but also as a lifestyle choice and a symbol of freedom and adventure. Many motorcycle enthusiasts are attracted to the thrill and excitement of riding a motorcycle, as well as the sense of camaraderie that comes with being part of a motorcycle community. Additionally, motorcycles are often more fuel-efficient and cost-effective compared to cars, making them an appealing option for those looking to save money on transportation.

Trends in the market:
One of the key trends in the United States motorcycle market is the growing popularity of electric motorcycles. With increasing concerns about environmental sustainability and the rising cost of fuel, more consumers are seeking alternative modes of transportation. Electric motorcycles offer a greener and more cost-effective option, as they produce zero emissions and have lower maintenance costs compared to traditional gasoline-powered motorcycles. Another trend in the market is the rising demand for adventure and touring motorcycles. These motorcycles are designed for long-distance travel and off-road adventures, and they often come equipped with features such as larger fuel tanks, enhanced suspension systems, and luggage storage options. The popularity of adventure and touring motorcycles can be attributed to the growing interest in outdoor activities and the desire for unique travel experiences.

Local special circumstances:
The United States has a vast and diverse landscape, with a wide range of terrains and climates. This provides motorcycle riders with ample opportunities for exploration and adventure. From the winding roads of the Appalachian Mountains to the scenic coastal highways of California, there are countless routes and destinations that attract motorcycle enthusiasts from all over the country. The availability of motorcycle-friendly infrastructure, such as well-maintained roads and designated parking areas, also contributes to the appeal of motorcycle riding in the United States.

Underlying macroeconomic factors:
The overall economic stability and disposable income levels in the United States play a significant role in the growth of the motorcycle market. When the economy is strong and consumers have more disposable income, they are more likely to make discretionary purchases, such as motorcycles. Additionally, low interest rates and financing options make motorcycles more affordable and accessible to a wider range of consumers. In conclusion, the Motorcycles market in United States is experiencing growth due to customer preferences for motorcycles as a lifestyle choice and cost-effective transportation option, as well as trends such as the popularity of electric motorcycles and adventure touring bikes. The local special circumstances, including the diverse landscape and motorcycle-friendly infrastructure, further contribute to the market's development. Lastly, the underlying macroeconomic factors, such as economic stability and disposable income levels, play a significant role in driving the growth of the motorcycle market in the United States.

Overview

  • Unit Sales
  • Analyst Opinion
  • Revenue
  • Price
  • Global Comparison
  • Key Market Indicators
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