Overview and Scope
Cruiser bikes refer to a type of motorcycle designed for a relaxed and comfortable riding experience over high-speed performance. These bikes typically have low seat heights, allowing riders to place their feet flat on the ground when stopped.
Sizing and Forecast
The cruiser bikes market size has grown strongly in recent years. It will grow from $66.47 billion in 2023 to $70.95 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to state-sponsored cyber warfare, increasing cyber threat landscape, globalization of cyber conflict, military integration of cyber capabilities, rise of nation-state threat actors.
The cruiser bikes market size is expected to see strong growth in the next few years. It will grow to $87.78 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to ai and machine learning integration, expansion of attack surfaces, 5g technology vulnerabilities, hybrid warfare strategies, emergence of non-state actors. Major trends in the forecast period include increased cybersecurity collaboration, cybersecurity arms race, targeting critical infrastructure, attribution challenges and false flags, rise of cyber mercenaries.
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Segmentation & Regional Insights
The cruiser bikes market covered in this report is segmented –
1) By Engine Capacity: Less Than 500 Cubic Capacity (CC), 501cc to 1000 Cubic Capacity (CC), More Than 1000 Cubic Capacity (CC)
2) By Price: Low, Mid, High
3) By Application: Daily Commute, Touring
North America was the largest region in the cruiser bikes market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cruiser bikes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Increasing demand for luxury motorcycles is expected to propel the growth of the cruiser bikes market going forward. Luxury motorcycles refer to premium two-wheeled vehicles that offer a combination of advanced engineering, top-tier craftsmanship, and exceptional performance. Cruiser bikes are a type of luxury motorcycle because of their high-end features, premium materials, comfort-oriented design, and relaxed riding experience. For instance, in February 2023, according to Harley-Davidson Inc., a US-based motorcycle company, they sold 194,256 motorcycles worldwide in 2021. This represents a 7.7% increase compared to 2020, when they delivered 180,248 motorcycles. Furthermore, in January 2023, according to BMW Motorrad, a Germany-based motorcycle company, a total of 202,895 motorcycles and scooters were sold globally in 2022, indicating a 4.4% increase from the previous year. The biggest market for these vehicles was Asia, which saw 46,332 units delivered, followed by North America and Latin America with 20,295 units and 25,480 units, respectively. Therefore, increasing demand for luxury motorcycles is driving the growth of the cruiser bike market.
Key Industry Players
Major companies operating in the cruiser bikes market report are Honda Motor Company, Suzuki Motor Company, Hyosung Corporation, Yamaha Motor Company, Kawasaki Heavy Industries Ltd., Polaris Inc., Harley Davidson Inc., The Husqvarna Group, Bajaj Auto Limited, Hero Moto Corp, TVS Motor Company, Ducati Motor Holding, Royal Enfield, Triumph Motorcycles Ltd., Zero Motorcycles Inc., Big Dog Motorcycles, SWM Motorcycles, Cleveland CycleWerks, UM-Motorcycles , Zhongneng Vehicle Group, Arch Motorcycle Company, Boss Hoss Cycles, Curtiss Motorcycles, BMW Motorrad, Jawa Moto</b
The cruiser bikes market report table of contents includes:
1. Executive Summary
2. Cruiser Bikes Market Characteristics
3. Cruiser Bikes Market Trends And Strategies
4. Cruiser Bikes Market – Macro Economic Scenario
5. Global Cruiser Bikes Market Size and Growth
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32. Global Cruiser Bikes Market Competitive Benchmarking
33. Global Cruiser Bikes Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Cruiser Bikes Market
35. Cruiser Bikes Market Future Outlook and Potential Analysis
36. Appendix
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