On-road Motorcycles Market Incremental Opportunity Assessment till 2028
On-road Motorcycles Industry Overview The global on-road motorcycles market size was valued at USD 56.8 billion in 2021 and is estimated to expand at a compound annual growth rate (CAGR) of 6.1% from 2022 to 2028. The rising focus by manufacturers on manufacturing high-performance and comfortable on-road motorcycles is the key factor driving the growth of the market. Moreover, the increase in sports bike users and the growing trend of customization are some of the factors swelling demand for on-road motorcycles and driving the market. The COVID-19 outbreak negatively impacted the market. This is due to the shutting of plants in top motorcycle manufacturing nations such as China, Japan, India, and ASEAN. This has also affected the supply of components to the manufacturing services globally and stuck the production as large numbers of manufacturers are reliant on the supplies from China. Gather more insights about the market drivers, restrains and growth of the Global On-road Motorcyc...