About Motorcycle-
Motorcycle is as motorized vehicle which is mostly for two or three passengers use for the transportation. Another name for motorcycle is moped, scooters, dirt bike, minibike and among others. There is basic three type of motorcycles such as electrical motorcycle, petrol motorcycles, and hybrid motorcycles. Motorcycle farther classified by different sections such as engine type, engine power, body type, fuel capacity, price range and other segments. Increasing demand for motorcycles in developing countries and latest technical advancements in it give drive to the motorcycle market
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Motorcycle market is a fragmented market due to the presence of various players. The players are focusing on increasing their manufacturing capacity and are offering competitive prices to gain high market share and establish their position in the market. Further, companies are focusing on developing innovative motorcycles with latest advancement to improve quality, enhances and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that Asia Pacific Vendors will contribute the maximum growth to Global Motorcycle- 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.
Honda (Japan), Harley-Davidson (United States), BMW (Germany), DUCATI (Italy), YAMAHA (Japan), KTM (Austria), KAWASAKI (Japan), BAJAJ (India), TVS MOTOR (India), SUZUKI (Japan), HAOJUE (China) and Zero Motorcycles (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Motorcycle- market by Type (Electrical Motorcycle, Petrol Motorcycles and Hybrid Motorcycles), Application (Personal, Industrial, Government Bodies, Commercial and Others) and Region.
On the basis of geography, the market of Motorcycle- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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).
Influencing Trend:
Increasing Demand for Electric Motorcycle and Rising Demand for Sport’s Motorcycle
Market Growth Drivers:
Increasing Demand for Motorcycle Because It Is Cheaper Than Car, Growing Demand for Motorcycle for Its Convenience to Drive in Traffic and High Demand for Motorcycle in Developing Countries
Challenges:
Increasing Delay in Customer Clearance, Hard To Keep Up With Fast Technological Advancement for Motorcycle Manufacturer and High Production Cost of Authentic Parts
Restraints:
Increasing Number of Motorcycle Accident
Opportunities:
Increasing Technological Advancement in Motorcycle Namely V2V Technology, ARAS, ABS. and Rise in Demand for Smart Helmets
Market Leaders and their expansionary development strategies
In December 2021, Harley-Davidson merge with its electric motorcycle line with special purpose Acquisition Company sponsored by AEA investor and Bridges Fund Management. Harley-Davidson owned 74%of newly owned company and SPAC shareholders have 17% ownership. This acquisition helped Harley-Davidson to expand its presence in motorcycle market
In September 2023, Harley-Davidson launched the Pan America 1250 Special, a more luxurious version of its adventure touring motorcycle. The Special features a premium paint finish, heated grips, and a larger touchscreen display.
Key Target Audience
Motorcycle Manufacturers, Distributors, Government Bodies, Regulatory Bodies, Potential Investors, Research and Development Institutes, 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.