Global Motorcycle Market by Product Types, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026
The global motorcycle market is projected to expand at a substantial CAGR during the forecast period. This growth is attributed to the rapid urbanization, surging disposable income, and increasing middle class population.
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A motorcycle is a two-wheeled vehicle, primarily driven by an internal combustion engine. Motorcycles are also known as motorbikes or bikes and nowadays, consumers are also opting for electric motorcycles. Motorcycles are built with strong metallic and fiber frames integrated with many mechanical and electronic components along with an engine. Motorcycle manufacturing companies are putting their best efforts to cater every need of a motorcycle enthusiast and general user. Every motorcycle is a symbol of a personality of the user and hence market tries to serve different types of demands of the bike lovers.
Market Trends, Drivers, Restraints, and Opportunities:
- Rapid urbanization, surging disposable income, and increasing middle class population are some of the key trends fueling the growth of motorcycles market.
- Product launches for greater fuel efficiency with stylish and attractive bikes is expected to incite demand of the market.
- Improvements in mileage and other advantages such as larger fuel tanks, low cost of maintenance and longevity is boosting the demand of the market.
- Easy availability of vehicle loans is one of the factors which drives the growth of the global motorcycle market
- Environmental concerns such as pollution hampers the growth of the market.
- High cost and maintenance of premium bikes is a key restraint od middle population.
- Manufacturers are launching bikes which run on ecofriendly supplies like solar energy, water, or electricity. These efforts are helping to attract environmental conscious people to the market and is going to foster the growth of the market during the forecast period.
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Competitive Landscape:
Major companies in the global motorcycle market include Bajaj Auto Ltd., Bayerische Motoren Werke (BMW) AG, Ducati Motor Holding S.p.A., Eicher Motors Limited, Harley-Davidson, Inc., Hero MotoCorp Ltd., Honda Motor Co., Ltd., KTM AG, Piaggio & C. SpA, Suzuki Motor Corporation, Triumph Motorcycles Ltd., TVS Motor Company Ltd., Vmoto Limited, Yamaha Motors Co., Ltd. and Zero Motorcycles, Inc.
The Global Motorcycle Market has been segmented on the basis of
Product Types
- Standard
- Cruiser
- Sports
- Mopeds
- Electric
- Others
Regions
- Asia Pacific
- Europe
- North America
- Middle East & Africa
- Latin America
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Table of Contents
- Executive Summary
- Assumptions and Acronyms Used
- Research Methodology
- Motorcycle Market Overview
- Global Motorcycle Market Analysis and Forecast by Type
- Global Motorcycle Market Analysis and Forecast by Application
- Global Motorcycle Market Analysis and Forecast by Sales Channel
- Global Motorcycle Market Analysis and Forecast by Region
- North Motorcycle Market Analysis and Forecast
- Latin Motorcycle Market Analysis and Forecast
- Europe Motorcycle Market Analysis and Forecast
- Asia Pacific Motorcycle Market Analysis and Forecast
- Middle East & Africa Motorcycle Market Analysis and Forecast
- Competition Landscape
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