Market Forecast by Countries (United States, Canada), By Vehicle Type (Motorcycle, Scooter/Moped), By Engine Capacity (Up to 125cc, 126-250cc, 251-500cc, Above 500cc) And Competitive Landscape
Product Code: ETC059328 | Publication Date: May 2021 | Updated Date: Jan 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | North America Two Wheeler Market |
Forecast period | 2025-2031 |
CAGR | 4% |
Growing Sector | Motorcycle segment |
The North America Two Wheeler Market thoroughly covers the market by Countries, by Vehicle Type, and by Engine Capacity. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The North America Two Wheeler Market is projected to grow significantly due to increasing demand across several user groups. The market is driven by two-wheeler technology advancements, growing utilization in cities and suburbs, and the escalating need for efficient and cost-effective transportation solutions. Moreover, the evolving consumer preferences that require efficient and environmentally friendly transportation are set to steer the market towards a promising path.
According to 6Wresearch, the North America Two Wheeler Market size is expected to grow at a significant CAGR 4% during the forecast period of 2025-2031. The Two Wheeler Market in North America is experiencing robust growth, driven by innovative applications of two wheeler technology across cities and suburbs. With technological advancements and an increased emphasis on proficient and cost-effective solutions, the demand for Two Wheelers in North America is expected to witness an upsurge. Furthermore, the region's considerable population and an increasing number of urbanized areas are likely to contribute further to the Two Wheeler market growth. Meanwhile, the rising demand from younger demographics is expected to fuel market growth. Additionally, the growth of e-commerce and online retailing activities in the region is also expected to drive the demand for two wheeler vehicles.
Despite the promising growth prospects for the North America Two Wheeler Market, certain challenges like environmental concerns and regulatory limitations may obstruct its progress. However, with ongoing research and technological enhancements, these challenges are expected to be mitigated in the future. The market players in this region are continuously focusing on developing innovative and sustainable solutions to address these challenges and cater to the growing demand for Two Wheelers.
The North America two-wheeler industry is dominated by several key players who shape its competitive landscape. Harley-Davidson stands out as a prominent leader, renowned for its iconic motorcycles that cater to both recreational and enthusiast markets. Another major player is Polaris Industries, recognized for its diverse portfolio including Indian Motorcycle and its Victory brand. Additionally, Honda has a significant presence in the region, offering a wide range of motorcycles and scooters that appeal to various consumer segments. These leading companies continuously innovate in design, technology, and market strategies to maintain their competitive edge in the dynamic North American market for two-wheelers.
The two-wheeler market in North America is heavily influenced by government regulations that aim to ensure safety, emissions control, and consumer protection. These regulations encompass stringent standards for vehicle emissions, noise levels, and safety features such as brakes, lights, and tires. Additionally, licensing requirements for riders vary by state and province, often mandating training courses and age restrictions. Such regulatory frameworks not only govern the manufacturing and sale of motorcycles and scooters but also promote environmental sustainability and road safety across the continent.
In the upcoming future, the market is poised to experience significant transformations driven by technological advancements, evolving consumer behaviors, and global economic shifts. Innovations in artificial intelligence, blockchain, and renewable energy are likely to reshape industries, fostering more efficient business models and enhancing sustainability practices. Consumer preferences will continue to favor personalized experiences and ethical considerations, prompting companies to adapt swiftly or risk losing relevance. Moreover, geopolitical dynamics and regulatory changes will exert profound influence, necessitating agile strategies from businesses to navigate uncertainties while seizing new opportunities in emerging markets. Overall, the future market landscape promises both challenges and unprecedented opportunities for those poised to innovate and adapt.
According to Ravi Bhandari, Research Head, 6Wresearch, United States is expected to lead the growth of the North America Two Wheeler Market, driven by its significant demand in cities and suburbs. The country has established itself as a leader in technological advancements and has a strong focus on innovation, making it a key contributor to the market's growth.
The Motorcycle segment is currently experiencing the most significant growth in the North American market. This growth can be attributed to several factors, including the versatility and durability of motorcycles, which are widely used for personal transportation and recreational activities.
The up to 125cc segment is experiencing significant growth. This growth is driven by increasing demand from younger demographics who prefer smaller, more manageable two wheelers for their ease of use and cost-effectiveness.
The report offers a comprehensive study of the subsequent market segments
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3North America Two Wheeler Market Overview |
3.1North America Country Macro Economic Indicators |
3.2North America Two Wheeler Market Revenues & Volume, 2021 & 2031F |
3.3North America Two Wheeler Market - Industry Life Cycle |
3.4North America Two Wheeler Market - Porter's Five Forces |
3.5North America Two Wheeler Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6North America Two Wheeler Market Revenues & Volume Share, By Vehicle Type 2021 & 2031F |
3.7North America Two Wheeler Market Revenues & Volume Share, By Engine Capacity 2021 & 2031F |
4North America Two Wheeler Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5North America Two Wheeler Market Trends |
6North America Two Wheeler Market, By Countries |
6.1North America Two Wheeler Market, By Vehicle Type |
6.2North America Two Wheeler Market, By Engine Capacity |
6.1.1 Overview and Analysis |
6.1.2North America Two Wheeler Market Revenues & Volume, By Countries, 2021-2031F |
6.1.3North America Two Wheeler Market Revenues & Volume, By United States, 2021-2031F |
6.1.4North America Two Wheeler Market Revenues & Volume, By Canada, 2021-2031F |
6.2North America Two Wheeler Market, By Vehicle Type |
6.2.1 Overview and Analysis |
6.2.2North America Two Wheeler Market Revenues & Volume, By Motorcycle, 2021-2031F |
6.2.3North America Two Wheeler Market Revenues & Volume, By Scooter/Moped, 2021-2031F |
6.3.1North America Two Wheeler Market, By Engine Capacitys |
6.3.2 Overview and Analysis |
6.3.3North America Two Wheeler Market Revenues & Volume, By Up to 125cc, 2021-2031F |
6.3.4North America Two Wheeler Market Revenues & Volume, By 126-250cc, 2021-2031F |
6.3.5North America Two Wheeler Market Revenues & Volume, By 251-500cc, 2021-2031F |
6.3.6North America Two Wheeler Market Revenues & Volume, By Above 500cc, 2021-2031F |
7North America Two Wheeler Market Import-Export Trade Statistics |
7.1North America Two Wheeler Market Export to Major Countries |
7.2North America Two Wheeler Market Imports from Major Countries |
8North America Two Wheeler Market Key Performance Indicators |
9North America Two Wheeler Market - Opportunity Assessment |
9.1North America Two Wheeler Market Opportunity Assessment, By Countries, 2021 & 2031F |
9.2North America Two Wheeler Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.3North America Two Wheeler Market Opportunity Assessment, By Engine Capacity, 2021 & 2031F |
10North America Two Wheeler Market - Competitive Landscape |
10.1North America Two Wheeler Market Revenue Share, By Companies, 2024 |
10.2North America Two Wheeler Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |