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Motorcycle Market Segmentation by Type (Motorbike, Light Motorcycle, Electric Bikes, Sport Motorbike, Moped, Ice Motorcycle, Scooter, and Others); by Engine Type (Less than 200CC, 200-400CC, 400-600CC, 600-800CC, 800-1000CC, and More than 1000CC); and by Application (Daily Commute, Racing, Off Road, and Others) – Global Demand Analysis & Opportunity Outlook 2020-2030

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Extensive insights into the Growth of Motorcycle Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

  • May 19, 2021: Yamaha Motor Co., Ltd. announced that it would launch a supersport motorcycle, titled YZF-R7 in the U.S. and Europe, with a domestic launch in Japan. The motorcycle, which is scheduled for release post the winter of 2021, would feature a 689cm3 engine, along with a lightweight backbone style frame which is tuned for rigidity balance.

Global Motorcycle Market Highlights Over 2020 - 2030

The global motorcycle market garnered a revenue of USD 98774.4 Million in the year 2020 and is further expected to reach USD 147054.4 Million by the end of 2030 by growing with a CAGR of 3.8% during the forecast period, i.e., 2021-2030. The growth of the market can primarily be attributed to the growing need for cost-effective private transportation amongst individuals worldwide, followed by the growing trends of two-wheeler adventure sports and racing, and for the increasing availability of a wide range of motorcycles with different engine sizes. Moreover, growing demand for energy-efficient transportation systems, increasing initiatives by the government of nations worldwide to support electric motorcycles by providing subsidies and tax rebates, and the escalating prices of petroleum products worldwide, are some of the additional factors expected to drive the market growth. Moreover, backed by the rising incidences of motorcycle fatalities, there is a growing focus amongst the motorcycle manufacturers to develop enhanced safety vehicles, which is anticipated to drive the market growth. According to the statistics by the National Highway Traffic Safety Administration (NHTSA) of the U.S. Department of Transportation, around 84000 motorcyclists were injured in the year 2019.

Motorcycle Market

Global Motorcycle Market Regional Synopsis

Regionally, the global motorcycle market is segmented into four major regions, namely, North America, Europe, Asia Pacific, and Rest of the World. Amongst the market in these regions, the market in the Asia Pacific region is expected to hold a significant share during the forecast period. The growth of the market in the region can primarily be attributed to the increasing production of both electric and non-electric two-wheelers in the region. The sales of non-electric motorcycles in the region in the year 2020 recorded to around 33000 Thousand units, whereas that of electric motorcycles was close to 1300 Thousand units. Moreover, it has also been found that the production of electric motorcycles below 200CC has witnessed a massive growth, which is also anticipated to drive the market growth in the region in the coming years. CLICK TO DOWNLOAD SAMPLE REPORT

Growth Drivers and Challenges Impacting the Growth of the Global Motorcycle Market

Growth Drivers

  • Growing Need for Cost-Effective Private Mode of Transportation
  • Increasing Adoption of Electric Motorcycles

Challenges

  • Rise in Concerns for Safety Related Issues with Motorcycles

Global Motorcycle Market Segmentation Synopsis

The global motorcycle market is segmented by type into motorbike, light motorcycle, electric bikes, sports motorbike, moped, ice motorcycle, scooter, and others. Amongst these, the sports motorbike segment is expected to hold the largest market share throughout the forecast period and further attain a market revenue of USD 71173.8 Million by the end of 2030, up from a revenue of USD 49836.6 Million in 2020. The market is also segmented on the basis of engine type into less than 200CC, 200-400CC, 400-600CC, 600-800CC, 800-1000CC, and above 1000CC. Amongst these segments, the above 1000CC segment is expected to hold the largest market share in the coming years and further reach a market revenue of USD 63233.2 Million by the end of 2030. The market is also segmented on the basis of application into daily commute, racing, off road, and others. Amongst these segments, the racing segment is expected to garner the largest market revenue of USD 57826.6 Million by the end of 2030.

Key Companies Dominating the Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global motorcycle market that are included in our report are Bayerische Motoren Werke (BMW) AG, Ducati Motor Holding S.p.A., Honda Motor Co., Ltd., Yamaha Motor Co., Ltd., and others.

Key Reasons to Buy Our Report

  • The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
  • It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
  • The report includes detailed company profiles of the major players dominating the market.
  • We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
  • We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

FREQUENTLY ASKED QUESTIONS

  1. Research Methodology
  2. EV Penetration Analysis
  3. Motorcycle Production & Sales Analysis
  4. Global Motorcycle Market Overview
  5. Global Motorcycle Market, By Type
    1. Motorbike
    2. Light Motorcycle
    3. Electric Bikes
    4. Sports Motorbike
    5. Moped
    6. Ice Motorcycle
    7. Scooter
    8. Others
  6. Global Motorcycle Market, By Engine Type
    1. Less than 200CC
    2. 200-400CC
    3. 400-600CC
    4. 600-800CC
    5. 800-1000CC
    6. Above 1000CC
  7. Global Motorcycle Market, By Application
    1. Daily Commute
    2. Racing
    3. Off Road
    4. Others

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