The global motorcycle market is anticipated to expand at a CAGR of around 4% over the forecast period of 2021-2031, with demand for electric motorcycles to rise faster than previous years. The market is on course to top a valuation of US$ 181 Bn by the end of 2031.
Increasing consumer preference for electric and hybrid motorcycles is anticipated to be a major factor driving global market expansion. Demand for affordable and efficient modes of transportation is projected to rise significantly over the coming years, as the middle-class population grows across the world.
Motorcycles and scooters are considered a viable option for the purpose of traveling and commuting. In addition, matured economies have witnessed increase in demand of recreational activities such as off-road trails, track racing, bike stunts, etc. This is expected to spur demand for high-capacity two wheelers.
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FACTS AT A GLANCE
Companies: 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.
Coverage: All major geographies and key segments
Segments: Motorcycles Market Segmented By Standard Motorcycles, Cruiser, Sports Motorcycles, Mopeds, Electric Motorcycles and Standard Scooters, Maxi Scooters, Enclosed Scooters, Three-wheeled Scooters, Electric Scooters
Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
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ABSTRACT-
Persistence Market Research recently published a report on the global motorcycle market. The report provides detailed valuation on key market dynamics, such as the drivers, trends, opportunities, and restraints, along with detailed information about the market structure. This market research report presents exclusive facts and figures about how the motorcycle market will grow over the forecast period of 2021 to 2031.
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Key indicators of market background, such as value chain analysis and supply chain, compounded annual growth rate (CAGR), and year-on-year (Y-o-Y) growth of the market are explained in Persistence Market Research’s study in a comprehensive manner. This information can help readers understand the quantitative development projections of the motorcycle market over the forecast period.
The study is relevant for stakeholders in the market, as well as manufacturers, distributors, suppliers, and investors, as it can help them understand applicable strategies to grow in the market. Stakeholders, investors, industry experts, researchers, and journalists, as well as business researchers in the motorcycle market can leverage the information and statistics presented in Persistence Market Research’s research report.
The report includes facts and figures related to the macro- as well as micro-economic factors that are impacting the growth of the market. The study also offers actionable insights based on the future trends in the motorcycle market. Furthermore, regional players and new entrants in the market can also use the information presented in this report to make business decisions and gain momentum in the market.
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