Global Motorcycle And Bicycle Market Was Valued At USD 163 Billion In 2017

Posted by sainath on July 30th, 2018

Motorcycle, bicycles and parts manufacturing establishments manufacture motorcycles, scooters, tricycles and similar equipment and parts.

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The global motorcycle and bicycle market was valued at USD 163 billion in 2017, and is expected to be driven by Intelligent Transport Systems (ITS), a new vehicle to vehicle technology.

Asia Pacific was the largest geographic region in the market, accounting for almost two-fifth of the global market share. This is because countries in APAC are focusing on the research and development activities in the global market to bring improvisation.

The global motorcycle and bicycle market in the report is split into four segments: motorcycles and parts, bicycles and parts, motor scooters, and others.

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China was the largest country in the market, accounting for almost one-third of the global motorcycle and bicycle market share.

The top five competitors in the market are Yamaha, Honda, BMW, Harley Davidson, and Kawasaki. Yamaha was the largest player in 2017. Yamaha Motor Company Limited is a Japanese motorized vehicle-producing company. Yamaha Motor is part of the Yamaha Corporation and its headquarters is in Iwata, Shizuoka.

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