Is the motorcycle industry growing?

Is the motorcycle industry dying?

There’s bad news for the motorcycle industry in the U.S. – it’s slowly dying. … The motorcycle industry is struggling with this, along with the aging of it’s customer base overall. As of 2016, the median age of the American motorcyclist is 47, up from 40 in 2009, and 32 in 1990.

Are motorcycle sales increasing or decreasing?

Following the 2020 sales boom, motorcycle sales have continued to grow through the first quarter of 2021. New motorcycle sales have continued to grow, with 2021 sales increasing by 51 per cent from the same period last year according to the latest figures from the Federal Chamber of Automotive Industry (FCAI).

How is the motorcycle industry doing?

California records the highest sales

At over 4.5 billion U.S. dollars in revenue in 2021, on-road motorcycles were the leading segment in the U.S. motorcycle market in 2021, dwarfing their off-road and scooter counterparts. On-highway motorcycles represented over 64 percent of sales two years earlier, in 2019.

Are motorcycles losing popularity?

The motorcycle category has been struggling for some time. Shares of U.S. market leader Harley-Davidson Inc. HOG, +1.86% have tumbled more than 25% over the past year, with U.S. retail unit sales falling for the past three years. In comparison, the S&P 500 index SPX, +0.72% has run up 12% the past year.

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Who dominates the motorcycle industry?

Harley Davidson dominates the U.S. motorcycle industry with a market share of nearly 47%.

Is there a shortage of motorcycles?

The microchip shortage for the motorcycle industry is expected to continue into 2022 or even 2023. Though it sounds ominous, the good news is that demand continues to climb for motorcycles, which is a welcome thought for motorcycle manufacturers and dealerships like Peterson’s Harley-Davidson.

Are motorcycles going up in value?

And the site’s latest report shows that the US motorcycle market is revving up (pun intended). In the first half of 2021, US motorcycle sales rose 19.4% overall compared to the same 2020 period. And they’re up 33.8% compared to the same period in 2019.

Why is the motorcycle industry dying?

The problem lies in that while the older riders want bigger, faster, more powerful motorcycles, the new riders don’t. … For the most part, those types of bikes are very expensive and younger riders don’t have the same income as the generations before.

Why is there a shortage of motorcycles?

Beyond the blockage of the Suez Canal, backups at other major ports, such as Long Beach in California, have led to shortages of many goods and components and all that is affecting how many motorcycles are available at your local dealership.