The Latin America, Middle East and Africa On-road Motorcycles Market would witness market growth of 7.8% CAGR during the forecast period (2023-2030).
In densely populated urban areas, motorcycles offer a practical solution to traffic congestion challenges, providing an agile and fuel-efficient alternative to traditional four-wheeled vehicles. As economies develop, more individuals acquire motorcycles for personal transportation, contributing to the overall growth of the market. Furthermore, the surge in adventure tourism and the desire for unique travel experiences have fuelled the adoption of these motorcycles for long-distance touring. The uses of these motorcycles extend beyond basic transportation, encompassing various activities and lifestyles. For many, motorcycles are a form of self-expression, with riders customizing their bikes to reflect their personalities and unique tastes.
The customization culture has created a vibrant aftermarket industry, offering many accessories, modifications, and personalization options. These motorcycles also play a crucial role in last-mile connectivity, particularly in regions with limited public transportation infrastructure. Their agility and efficiency make them ideal for navigating congested city streets, providing a convenient solution for commuters to reach their final destinations seamlessly. In public services, these
In public services, on road motorcycles are employed by law enforcement agencies and emergency medical services, leveraging their speed and maneuverability to respond rapidly to incidents and emergencies. The versatile nature of on road motorcycles positions them as valuable assets in enhancing public safety and security.
LED lighting technology is becoming standard in these motorcycles in Argentina. LED headlights, taillights, and turn signals offer Argentina improved visibility, energy efficiency, and a modern aesthetic. Integrating smart connectivity features is becoming more prevalent in on road motorcycles in Argentina. Bluetooth connectivity, smartphone integration, and navigation systems are increasingly incorporated, providing riders with enhanced communication and navigation capabilities in Argentina. The factors mentioned above will drive the regional market growth.
The Brazil market dominated the LAMEA On-road Motorcycles Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,376.3 Million by 2030. The Argentina market is exhibiting a CAGR of 8.4% during (2023 - 2030). Additionally, The UAE market would experience a CAGR of 7.5% during (2023 - 2030).
Based on Type, the market is segmented into Cruiser Motorcycle, Touring Motorcycle, Sports Bike, and Standard Motorcycle. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide On-road Motorcycles Market is Projected to reach USD 93.3 Billion by 2030, at a CAGR of 6.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Harley-Davidson, Inc., Yamaha Corporation (Menchey Music Service, Inc.), Honda Motor Co. Ltd., Kawasaki Heavy Industries, Ltd., BMW Group, Suzuki Motor Corporation, Ducati Motor Holding S.p.A (Volkswagen AG), Bajaj Auto Ltd., TVS Motor Company Ltd. (TVS Holdings Limited), Hero MotoCorp Ltd
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