Growing adoption of motorcycles as a cost-effective private transport has been widespread over the past decade. Motorcycle market projects a steady growth rate of 3.5% CAGR through 2021-2031.
While advancements in the automotive sector have fuelled sales substantially, macro-economic factors such as increase in disposable income and rising urban population are further boosting the sales of motorcycle across regions.
The Demand of Motorcycle Market study includes the current market scenario on the global platform and also Sales of Motorcycle Market development during the forecast period.
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Motorcycle Market Segmentation by Category
Motorcycle Type
- Adventure
- Cruiser
- Mopeds
- Sports
- Standard
- Touring
Engine Capacity
- Up to 150 CC
- 151-300 CC
- 301-500 CC
- 501-800 CC
- 801-1000 CC
- 1001-1600 CC
- Above 1600 CC
Region
- North America
- Latin America
- Europe
- Middle East and Africa (MEA)
- East Asia
- South Asia
- Oceania
The Market insights of Motorcycle will improve the revenue impact of businesses in various industries by:
- Providing a framework tailored toward understanding the attractiveness quotient of various products/solutions/technologies in the Motorcycle Market
- Guiding stakeholders to identify key problem areas pertaining to their consolidation strategies in the global Motorcycle market and offers solutions
- Assessing the impact of changing regulatory dynamics in the regions in which companies are keen on expanding their footprints
- Provides understanding of disruptive technology trends to help businesses make their transitions smoothly
- Helping leading companies make strategy recalibrations ahead of their competitors and peers
- Offers insights into promising synergies for top players aiming to retain their leadership position in the market & supply side analysis of Motorcycle market .
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This report gives you access to decisive data such as:
- Demand of Motorcycle Market & Growth drivers
- Factors limiting Motorcycle market growth
- Current key trends of Motorcycle Market
- Market Size of Motorcycle and Motorcycle Sales projections for the coming years
The report also offers key trends of Motorcycle market and an in-depth analysis of how the projected growth factors will shape the Motorcycle market dynamics in the coming years of the forecast period.
Moreover, it also gives meaningful as well as actionable insights on the competitive analysis of Motorcycle Market that are developing the current market scenario and which will be lucrative for the future demand of Motorcycle Market.
Crucial insights in Motorcycle market research report:
- Underlying macro- and microeconomic factors impacting the Sales of Motorcycle market.
- Basic overview of the Motorcycle, including market definition, classification, and applications.
- Scrutinization of each market player based on mergers & acquisitions, R&D projects, and product launches.
- Adoption trend and supply side analysis of Motorcycle across various industries.
- Important regions and countries offering lucrative opportunities to market stakeholders.
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Country-Wise Analysis
What Makes Germany a Lucrative Market for Motorcycle Manufacturers?
Germany is the leading country of the world’s second-largest market of motorcycles, Europe. Backed by highly advanced manufacturing hubs and rising demand for various type of motorcycles, Germany is highly lucrative for motorcycle manufacturers.
According to a report published by the MotorCycles Data in January, 2021, the German motorcycle industry, in 2020, was one of the fastest-growing in the world.
As per its report, the German motorcycle industry grew 50.6% in the third quarter, 46.9% in October, and 98.1% in November, to end the year with 309.1% growth. This depicts the high potential of Germany worth exploring by motorcycle manufacturers.
Why is the United States Motorcycle Market in the Spotlight?
The United States, being the epicenter of the world’s third-largest motorcycle market, North America, is in the focus of manufacturers. High demand for a wide variety of motorcycles such as cruisers, standard, touring, and others is propelling growth in the United States.
According to a report titled “Motorcycle Trends in the United States”, published by the Bureau of Transportation Statistics on 21st May 2017, motorcycle registrations in the United States have grown each of the past 10 years, from 3,826,373 in 1997 to 6,678,958 in 2006 – a 75% overall increase, and have been growing at even higher rates since then, except a slight decline in 2007 and 2020. This data indicate ample of opportunities awaiting motorcycle manufacturers in the country.
Why is India a Heavyweight for Motorcycle Manufactures?
India, being the main country of the world’s largest motorcycle market, Asia Pacific, is in the limelight for stakeholders.
Highly advanced manufacturing infrastructure, abundance of raw material, and growing requirement of various motorcycles are bolstering growth in India.
According to a report published by the MotorCycles Data on 4th January 2021, despite reporting the deepest loss ever with 14.8 million sales (-23.3%) in 2020, Q4 sales recovery was strong in India, ending with December up a huge 32%, while rural area resilience pushed up Indian manufacturers’ market share.
With India recovering from COVID-19 fast, sales are expected to increase in the coming years, making it a main contributor to the exponential growth of the Asia Pacific motorcycle market.
Why are Motorcycle Manufacturers Eyeing China?
China is another key region in the Asia Pacific market, and is expected to sustain its position throughout the forecast period.
As per a report published by the MotorCycles Data on 29th December 2020, the Chinese motorcycle industry witnesses 1.6 million sales per year.
Furthermore, on 29th October, China’s top leadership finalized a blueprint of the 14th Five-Year Plan (2021-2025) and unveiled its “Vision 2035” program, which intends to catapult China to a “moderately developed economy” status in 15 years. This, in turn, is expected to spur growth of motorcycle manufacturers further in the near future.
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Competitive Landscape
The global motorcycle market is fragmented and thriving on key players. In order to excel in this landscape, key market players are focusing on launching a wider variety of vehicles. For instance,
- Bajaj Auto Limited launched its new extensive range of motorcycle equipment such as DTS-i, full LED headlamp with vertical auto headlamp on, twin projector headlamps, and others, in 2019.
- Red Bull KTM Factory Racing’s Tom Vialle has been crowned 2020 FIM MX2 Motorcross World Champion. The company has started investing more to launch more products over the coming years.
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