Adventure & High End Motorcycles Market 2019 Rising With a Significant and Improved Production, Consumption & Forecast by 2023: Baja Auto Ltd, Suzuki Motors, Honda Motor Company, Harley Davidson Incorporated, KTM, BMW Group, Yamaha, Honda Motor Company
In this report, the global Adventure & High End Motorcycles market is valued at USD XX million in 2019 and is projected to reach USD XX million by the end of 2023, growing at a CAGR of XX% during the period 2019 to 2023.
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The growing popularity of long-distance touring has been monumental in the growth of the adventure motorcycles market. Adventure motorcycles are also better equipped with amenities required for long-distance touring. Riders in this segment are aged between 50-54 years, followed by 45-49 years and 55-59 years. Young riders find it difficult to afford these motorcycles as they are expensive with an averaging a price more than USD 20,000, with clothing and gear adding another USD 3,000. However, adventure motorcycles are widely being adopted as they fulfill most of the rider's requirement in long-distance touring as well as on asphalt.
Suspension system in a motorcycle is designed to work according to the condition of the road. This type of suspension is known as a passive suspension system. An active suspension system acts as a perpendicular to the road and it is connected with the chassis of the motorcycle. An active suspension system is more suitable than passive suspension systems as it is more appropriate for off-road motorcycles. Rising awareness of off-road motorcycles has forced manufacturers to adapt to newer technologies to sustain in the market. Many manufacturers such as KTM, Suzuki, and Yamaha have started making off-road type motorcycles with semi-active suspension systems. This trend of active suspension systems in adventure motorcycles will have a positive impact on the market.
The global adventure motorcycles market caters to customers who are looking for motorcycles that can be driven on asphalt and off-road. Competition in the market is high among manufacturers as the market is witnessing substantial growth, globally. Long-distance touring is the reason behind the market facing high demand from customers. This has resulted in a high growth rate with simultaneous increase in the preference for dual sports vehicles.
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Segmentation by engine capacity: 500cc-1000cc, Above 1000cc
Geographical segmentation: North America, Europe and Asia-Pacific
The major players profiled in this report include: Baja Auto Ltd, Suzuki Motors, Honda Motor Company, Harley Davidson Incorporated, KTM, BMW Group, Yamaha, Honda Motor Company
Key questions answered in the report include
• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global adventure motorcycles market?
• What are the key market trends impacting the growth of the global adventure motorcycles market?
• What are the challenges to market growth?
• Who are the key vendors in the global adventure motorcycles market?
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