What is Motorcycle Engine Market?
Engine is the most important part of the vehicle which moves the vehicle forward. It consists of piston, cylinder block and a head. The mixture of fuel and air moves to the combustion chamber and enables pistons to move up and down. They turn the crank shaft and transforms the energy to rotary motion. The engine is classified as two and four stroke. However, the manufacturing of engine is complicated and expensive. Since the engine is the most important part of the vehicle, the demand is rising owing to the manufacturing of motorcycles.
Highlights from Motorcycle Engine Market Study
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | YAMAHA (Japan), HONDA (Japan), SUZUKI (Japan), KAWASAKI (Japan), BMW (Germany), Ducati (Italy), KTM (Austria), LiFan (China), ZongShen (China) and QianJiang (China) |
The market of motorcycle engine consists of major players who are looking for the business expansion. The factors such as rising disposable income and introduction fuel efficient engines are fueling the market growth in emerging economies. Research Analyst at AMA predicts that Japan Vendors will contribute to the maximum growth of Global Motorcycle Engine market throughout the forecasted period.
YAMAHA (Japan), HONDA (Japan), SUZUKI (Japan), KAWASAKI (Japan), BMW (Germany), Ducati (Italy), KTM (Austria), LiFan (China), ZongShen (China) and QianJiang (China) are some of the key players profiled in the study. Motorcycle Engine Market Segmentation:
Scope | Sub-Segments |
---|
Type | Single-cylinder, Parallel-twin, Inline-triple, Inline-four, Flat-twin, Flat-four & Flat-six, V-twin and V-4 |
Stroke | Two Stroke,Four Stroke |
Fuel type | Gasoline,Petrol |
Motorcycle type | Standard,Cruiser,Sports,Mopeds,Electric |
Distribution | Aftermarket,OEM |
On the basis of geography, the market of Motorcycle Engine 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Introduction of Air Cooled Engines as the Young Population Prefer to Drive Faster and Technological Developments in Engines
Market Growth Drivers:
Upsurge in Demand for Affordable Means of Transport and Advancements in Fuel Efficiency and Low Maintenance is Fueling the Market
Challenges:
Stiff Competition among the Players
Restraints:
High Costs Associated with the Manufacturing and Dependent on the Production of Motorcycle
Opportunities:
Increasing Middle Class Population in Developing Economies and Rising Disposable Income
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
Market Leaders & Development Strategies
In January 2018, BMW group has acquired Parkmobile. This acquisition will help in addressing the element of urban mobility that is parking solution.
In February 2023, Yamaha Motor (IYM) Pvt Ltd. of India launched the 2023 versions of the FZS-Fi V4 Deluxe, FZ-X, and MT-15 V2 Deluxe, promising a more exciting and exhilarating riding experience for bike enthusiasts across the country. R15M with attractive new charm and class-leading features.