Press release
Conventional Motorcycles and Scooters Market is poised to exceed 26 million units by the end of 2027
Product Type – Standard Motorcycles Popular in the Conventional Motorcycles Market
Standard motorcycles are very popular and are expected to gain a massive 390 BPS by the end of the forecast period. This can largely be attributed to their affordability, making them sought after by lower-middle class and middle-class customers. Standard motorcycles are almost half the global conventional motorcycles market in terms of absolute dollar opportunity.
Product Type – Standard Scooters Dominate the Conventional Scooters Market
Standard scooters are easy to handle and convenient to ride, spurring their popularity with youngsters, women, and senior citizens. The volume of standard scooters is poised to exceed 26 million units by the end of 2027. An incremental dollar opportunity of approx. US$ 16 Bn exists in the standard scooters market for the decadal study.
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Engine Capacity – Minimum Capacity Motorcycles Have Maximum Volume
The motorcycles with a cubic capacity of less than 150 CC have a market share of more than 3/4th the conventional motorcycles market and are predicted to retain this commanding position. These motorcycles offer their riders the best of both worlds by being able to strike the right balance between performance and fuel efficiency.
Engine Capacity – Up to 150 CC Scooters Largest Conventional Scooters Market Segment
Scooters with a cubic capacity of less than 150 CC are the focus area for key stakeholders in the conventional scooters market as they are able to eke out the maximum fuel efficiency for every drop of fuel. The less than 150 CC scooter segment is on track to record a CAGR of 4.3% from 2017-2027.
Region – APEJ Motorcycles Market Races Ahead in the Conventional Motorcycles Market
The fast-growing, dynamic economies of China, India, and Indonesia have millions newly entering the middle class and seeking out a means of personal mobility. These customers naturally gravitate towards motorcycles leading to this region being the most important by a considerable margin in the conventional motorcycles market. With unit sales approaching 43 million units by 2027, it is not surprising to see why.
Region – APEJ Scooters Market Largest in Conventional Scooters Market
The APEJ scooter market is larger than all other regions combined in the conventional scooters market and it is imperative that companies have a foothold in this crucial region. The highest growth is projected to be in the APEJ region causing its market share to rise from 87% to 89% by the end of the forecast period. All other regions should only grow by a single percentage point or lesser.
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