About Motorcycle - Retailing
Motorcycle Retailing Superstore is a diverse online retailer of motorcycle riding gear, apparel, parts, and accessories. The Motorcycle Superstore also sells scooters, ATVs, snowmobiles, and personal watercraft products. Category includes the sale of new and used goods to the general public, primarily for personal or household consumption or use, by shops, department stores, stalls, mail-order houses, door-to-door salespersons, hawkers, and consumer cooperatives, and so on.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global Motorcycle Retailing parts market is witnessing a rise in competitiveness among the players. In terms of market share, the major players are currently dominating. However, some companies are increasing their market presence by securing new contracts and tapping new markets. The manufacturers are trying to achieve a competitive advantage by lowering manufacturing costs and adopting cost-effective techniques. Analyst at AMA Research estimates that Japanese Vendors will contribute the maximum growth to Global Motorcycle - Retailing market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Yamaha (Japan), Suzuki (Japan), Kawasaki (Japan), BMW (Germany), Harley Davidson (United States), Component manufacturers include Bosch (Germany), MV Agusta Motor SpA (Italy), KTM AG (Austria), Kawai Motor Industry Guangzhou (China) and Peugeot SA (France) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are KR Motors Company Limited (Changwon), Piaggio & C. SpA (Italy), SMILE FC System (Japan) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Motorcycle - Retailing market by Type (Cruiser Motorcycles, Sport Motorcycles, Touring Motorcycles, Standard Motorcycles, Dirt Bike Motorcycles and Others), Application (Personal Use and Commercial Use) and Region.
On the basis of geography, the market of Motorcycle - Retailing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Offline will boost the Motorcycle - Retailing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing adoption of electric vehicles and Use of Recycled Parts to Prevent the Use of Raw Materials
Market Growth Drivers:
Implementation of Safety and Security Features and Advancements in the Retailing Processes
Challenges:
Lack of Motorcycle Infrastructure Discourages Most Consumers from Buying Bikes
Restraints:
Lack of Interconnected Standards and a Consistent Platform and Increasing Incidents of Faulty Products
Opportunities:
Increasing Number of Automobile Manufacturers and Growing Demand for Motorcycles Parts
Market Leaders and their expansionary development strategies
In July 2021, Suzuki Motor Corporation (Suzuki) and Daihatsu Motor Co., Ltd. (Daihatsu) today announced their participation in the Commercial Japan Partnership (CJP) commercial vehicle project to accelerate carbon neutrality initiatives in mini-vehicles through the dissemination of CASE technologies and services. As part of their participation in the project, Toyota will each acquire 10% of the issued shares of Commercial Japan Partnership Technologies, the joint venture for the CJP initiative.
In April 2022, Honda sales fell YoY to 2,81,725 units in March 2022, down from 3,16,936 units in March 2021. The market share fell to 24.34 percent in the previous month from 26.28 percent the previous year. Honda has also filed design patents for several electric vehicles. TVS Motor Company's retail sales increased to 1,81,328 units last month, up from 1,79,521 in March 2021. The market share increased from 14.88 to 15.66 percent.
Motorcycle have only become more popular, increasing in sales nationwide by over 100%, and technology has changed a great deal since BikeMN passed the first e-bike legislation over a decade market. Together with People for Bikes and Quality Bicycle Products (QBP), BikeMN worked for several years to advocate for updating Chapter 169 e-bike regulations.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Motorcycle Manufacturers, Motorcycle Suppliers & Distributors, Government Bodies, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.