openPR Logo
Press release

Motorcycle Market Projected to Witness a Single-Digit CAGR During 2017 to 2026 | Key Players are TVS Motor Company Limited, Eicher Motors Limited, Suzuki Motor Corporation, etc.

07-12-2019 01:45 PM CET | Industry, Real Estate & Construction

Press release from: Fact.MR

Motorcycle Market Projected to Witness a Single-Digit CAGR

In order to dissert the market scenario prevailing across the motorcycle market sector, FactMR has evenly presented a comprehensive motorcycle market analysis to its extensive online repository. With all vital market facets enclosed into this single assessment, readers can learn about different market drivers, opportunities and trends which are likely to influence the overall market space for the motorcycle market in the coming years. In addition, factors such as market size, Y-o-Y growth and revenue share are investigated so as to make this research highly authentic and reliable.

Get a Free Sample Report from Here – https://www.factmr.com/connectus/sample?flag=S&rep_id=7

Motorcycle Market: Key Insights

After the recession of 2008, the motorcycle market successfully recovered to register growth at a CAGR of 3.5% during the 2012-2016 period.
Global motorcycle sales were to the tune of US$ 112 billion in 2018 and revenues are estimated to grow at a CAGR of 3.8% during the 2017-2026 period.
APAC is estimated to continue to remain the largest motorcycle market in the foreseeable future. An exponential rise in the global urban population with the UN Department of Economics and Social Affairs estimating 90% of the transition taking place in Asia is one of the key factors contributing to the surge in demand for motorcycles in the region.
APAC is also expected to emerge as the fastest growing motorcycle market. Availability of cheap labor, abundance of raw materials, and high GDP growth of over 5% in developing economies of the region is likely to uphold production and sales of motorcycles in the region.

What is Driving the Growth of Motorcycle Market?

A surge in the demand for premium motorcycles around the world and specifically in developing economies such as India is estimated to play a vital role in bolstering the motorcycle market growth. A gradual change in the consumer outlook is causing customers to look at motorcycles as a luxury rather than a mode of commute. The change in consumer perception coupled with growing disposable income is creating an increase in the demand for premium motorcycles.
Development of sophisticated safety mechanisms to lower the frequency of accidents and casualties is one of the important factors that is likely to bolster motorcycle sales in the foreseeable future. Additionally, development in technology is aiding companies in innovating and developing novel safety mechanisms which are expected to favor motorcycle market growth.
With demand for motorcycles in the developing countries on a rise, OEMs are gradually establishing new production facilities in countries offering promising prospects, to avoid paying heavy import duties and maximizing their profits from the growing markets.
Motorcycle manufacturers are investing heavily in integrating technology in the production processes to streamline their supply chain and optimize manufacturing. Additionally, manufacturers are leveraging data analytics and artificial intelligence to gauge consumer expectations and for creating marketing campaigns that generate a mass appeal.
Increasing consumer awareness about the adverse impact of fossil fuels on the environment and intensifying government campaigns to promote the use of eco-friendly motorcycle alternatives is prompting manufacturers to focus on developing electric and hybrid bikes. Numerous motorcycle manufacturers are venturing into the segment to capitalize on the growing demand for eco-friendly motorcycles.

What are the Challenges Stakeholders in the Motorcycle Market Need to Address?

Political uncertainties and changing trade policies of powerful economies such as the US and the UK are estimated to significantly influence imports and exports of finished products as well as raw material which is likely to impact production and reflect on the pricing of motorcycles.
Millennials, who hold a significant share of the global population, are increasingly preferring to not opt for purchasing motorcycles. The decreasing demand among the millennials can be attributed to student loans and a booming resale market for motorcycles. Additionally, millennials are focusing on investing in education and with baby boomers aging, sales of motorcycles around the world are likely to dampen. Manufacturers continue to focus on aggressive marketing to draw in non-riders and generate mass appeal among millennials to overcome the challenge.

Motorcycle 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.

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.

Have Any Question? Ask Our Industry Experts – https://www.factmr.com/connectus/sample?flag=AE&rep_id=7

Contact Us

FactMR
11140 Rockville Pike
Suite 400, Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/

About FactMR

FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Motorcycle Market Projected to Witness a Single-Digit CAGR During 2017 to 2026 | Key Players are TVS Motor Company Limited, Eicher Motors Limited, Suzuki Motor Corporation, etc. here

News-ID: 1803008 • Views: 277

More Releases from Fact.MR

08-22-2019 | Health & Medicine
Fact.MR
Chromatography Syringes Market Estimated to Soar Higher During 2017 to 2022 | Ke …
The purpose of this comprehensive forecast report presented by Fact.MR is to elaborate the various market projections impacting the global chromatography syringes market during the period through 2017-2022. This assessment delivers high-end statistics concerning market size, growth in trends and revenue share (US& Mn) linked to different geographies and segmentation types. Readers can acquire precise insights about market growth trends along with upcoming opportunities that are expected to reshape the
High-End Consumer Preference towards Car Oil Filter Market Likely to Boost Growt …
The purpose of this comprehensive forecast report presented by Fact.MR is to elaborate the various market projections impacting the global car oil filter market size during the period through 2017-2022. This assessment delivers high-end statistics concerning market size, growth in trends and revenue share (US& Mn) linked to different geographies and segmentation types. Readers can acquire precise insights about market growth trends along with upcoming opportunities that are expected to
Automotive Tow Bars Market Trends, Revenue Share & Opportunity Status Analyzed d …
The purpose of this comprehensive forecast report presented by Fact.MR is to elaborate the various market projections impacting the global tow bars market size during the period through 2017-2022. This assessment delivers high-end statistics concerning market size, growth in trends and revenue share (US& Mn) linked to different geographies and segmentation types. Readers can acquire precise insights about market growth trends along with upcoming opportunities that are expected to reshape
Automotive Metal Wheel Market Delivers Higher Revenue Share as Contribution by M …
The purpose of this comprehensive forecast report presented by Fact.MR is to elaborate the various market projections impacting the global automotive metal wheel market size during the period through 2017-2022. This assessment delivers high-end statistics concerning market size, growth in trends and revenue share (US& Mn) linked to different geographies and segmentation types. Readers can acquire precise insights about market growth trends along with upcoming opportunities that are expected to

All 5 Releases


More Releases for Motor

Passenger Vehicle Market Outlook to 2025 - Top Leading Players Toyota Motor, Vol …
Worldwide Passenger Vehicle Market Analysis to 2025 is a specialized and in-depth study of the Passenger Vehicle Industry with a focus on the global market trend. The report aims to provide an overview of global Passenger Vehicle Market with detailed market segmentation by product/application and geography. The global Passenger Vehicle Market is expected to witness high growth during the forecast period. The report provides key statistics on the Market status
Sports Utility Vehicle Market to 2025 – Suzuki Motor, PSA Group, FCA Group, Ho …
Sports utility Vehicles Market are the vehicles which appear as a station wagon designed for the off roads travelling which not only used for commercial purpose but for family purpose also providing high functionality with comfort and luxury and above built with enormous space too. One of the major driver for the growth of Sports Utility Vehicles market is the continual improvement in styling, comfort, outer body and systems in
Axial Piston Motor Market
Download PDF Brochure @ https://www.coherentmarketinsights.com/insight/request-pdf/2100 An axial piston motor is a positive displacement motor that has a number of pistons in a circular array within a cylinder block. Axial piston motor works with a bent axis design or swash plate principle and is available in both variable and fixed displacement designs. The constant displacement type works as a hydraulic motor and the variable displacement type works as a hydraulic pump. Growing the
Global Luxury Van Market: Honda Motor, Hyundai Motor, Toyota Motor, Ford Motor, …
Qyresearchreports include new market research report Global Luxury Van Market Professional Survey Report 2018 to its huge collection of research reports. This report studies Luxury Van in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2013 to 2018, and forecast to 2025. This report focuses on top manufacturers in global market, with production, price, revenue and
Enerdoor's Motor Protection Range
Enerdoor has developed a Motor Protection Series to protect motors from harmful overvoltage and dV/dt spikes generated on the output. This is particular useful for applications with variable frequency drives and servo-motors. This series includes common mode and differential mode inductances, sine wave filters and snubbers designed to work with various frequency switches, output frequencies and applications. The sin wave filter series reduces the pulse wave modulation (PWM) effect, converts the PWM
Automobile Market 2017 - Daimler, BMW Group, Honda Motor, Ford Motor, Nissan Mot …
Apex Research, recently published a detailed market research study focused on the "Automobile Market" across the global, regional and country level. The report provides 360° analysis of "Automobile Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Automobile industry, and estimates the future trend of Automobile market on the basis of