Motorcycle Market Estimated to be driven by Innovation and Industrialization 201

Posted by vakhas on December 9th, 2019

Business Intelligence Report on the Motorcycle Market

Fact.MR, in a recently published market study, offers valuable insights related to the overall dynamics of the Motorcycle Market in the current scenario. Further, the report assesses the future prospects of the Motorcycle by analyzing the various market elements including the current trends, opportunities, restraints, and market drivers.

As per the report, the Motorcycle Market is set to grow at a CAGR of ~XX% over the forecast period 2017 to 2026 and exceed a value of ~US$ XX by the end of 2029. The report suggests that significant progress in technology, growing investments towards R&D projects, and increasing awareness related to curbing industrial waste are some of the primary factors that are expected to drive the growth of the Motorcycle Market during the assessment period 2017 to 2026.

Key Information that can be drawn from the Motorcycle Market Report:

• The pricing structure of products offered by various market players
• Growth prospects of the various segments and sub-segments in the Motorcycle Market
• Notable trends that are expected to impact the dynamics of the Motorcycle Market
• Recent mergers, acquisitions, collaborations, and strategic alliances
• Growth opportunities for market players in various regional markets

Important queries related to the Motorcycle Market addressed in the report:

• Who are the most prominent players in the Motorcycle Market?
• Which product is likely to be the ‘cash cow’ for the players in the Motorcycle Market?
• How are the market players reducing their environmental footprint?
• Which region is expected to present a plethora of opportunities for market players in the Motorcycle Market?
• What are the different growth strategies adopted by market players?

The presented report offers a microscopic view of the market scenario in different regions. The political and economic environment are thoroughly assessed to provide clarity on the growth prospects of the Motorcycle market in each regional market.

Competitive Landscape

• With the demand for electric bikes on the rise, leading players operating in the motorcycle market are increasingly investing in research and development of electric vehicles. Along similar lines, Yamaha announced it would be running field trials for its concept electric bike TY-E in 2018. Yamaha claimed that the 150 lbs lightweight bike is suitable for any terrain.
• To avoid the burden of increased tariffs and gain an edge in the motorcycle market, Harley Davidson announced it would be setting up new production facilities out of the US to meet the demand of its consumers in the European Union countries. The company plans to set up new facilities in Thailand with operations of the plant estimated to commence in nine to eighteen months.
• Burgeoning investments in safety mechanism is gradually gaining priority in the motorcycle market. Working along the same lines, Ducati is developing a vehicle-to-everything communication system for its motorcycles which will allow the bikes to wirelessly communicate with other vehicles on the road and aid in substantially reducing incidences of accidents. The company is also working on developing an ABS cornering system and front and rear radar for its bikes.
• Banking on the growing demand for premium motorcycles in India and the lower cost of production in the country, KTM announced shifting the production of its Husqvarna bikes to Bajaj Auto’s manufacturing plant in Pune. With the move, KTM aims to boost production and overtake Harley Davidson as the world’s top premium motorcycle manufacturing company.

Other leading players operating in the motorcycle market include Kawasaki Heavy Industries, Ltd., Triumph Motorcycles Limited, Lifan Industry (Group) Co., Ltd, TVS Motor Company Limited, Eicher Motors Limited, Suzuki Motor Corporation, Honda Motor Company, Limited, Hero MotorCorp Limited, Polaris Industries Inc., and Bayerische Motoren Werke AG.

Additional Insights:

Burgeoning Sales of Standard Bikes to Underpin Demand for Engines with up to 150cc Capacity

Developing countries in the APAC region account for the bulk of the standard motorcycles sales in the world. Better fuel efficiency than other vehicles, growing prices of fossil fuels, and increasing traffic congestion are some of the key factors driving the demand for standard bikes in developing regions. Availability of an assortment of options to finance the purchase of motorcycles is contributing to the proliferation of the motorcycle market with the options allowing the rural population of developing economies to purchase bikes, a section where demand for motorcycles is growing. Generally, standard bikes are used for day to day commute and require engines with capacity 150cc or less for operation.

Demand for other variants of motorcycles in sports bikes, adventure bikes, cruisers, and touring bikes is gradually rising with consumers taking a greater interest in the segments. Consequently, engines with capacity ranging from 151cc to 1600cc are being employed for the manufacturing of these bikes.

Research Methodology

The report on the motorcycle market is a consequence of an elaborate and robust research methodology. A two-step research methodology involving primary and secondary researches was employed to obtain in-depth insights into the motorcycle market. While interviewing experts from the motorcycle market formed the basis of primary research, secondary research was conducted by thoroughly studying trade journals, paid resources, and other publications pertaining to the motorcycle market. Results from both the steps of research were triangulated to obtain an accurate and authentic forecast of the motorcycle market.

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