Motorcycle Market will Remain Consolidated among Top Tiered Companies Yamaha Motor Co., Ltd, Suzuki Motor Corporation Finds Fact.MR

A rise in standards of living across developing economies, such as China, India and Indonesia, is expected to influence the growth in adoption of motorcycles in these regions.

Click HERE to Get Complete Synopsis of the Report- https://www.factmr.com/report/7/motorcycle-market

In addition, superior fuel efficiency offered by motorcycles as compared to automobiles, coupled with rapidly growing population will result into a higher demand for motorcycles in the near future. Developed countries are likely to witness higher sales, especially of medium and heavy motorcycles, with economic conditions becoming more favorable and consumers resuming the purchase of expensive recreational items. A recent report by Fact.MR offers a detailed analysis about the global motorcycle market for the forecast period 2017 to 2022.

For detailed insights on enhancing your product footprint, request for a sample here- https://www.factmr.com/connectus/sample?flag=S&rep_id=7

The report projects the global motorcycle market to surpass revenues worth US$ 100,000 Mn in 2017. Increasing innovations and advancements in technology are expected to immensely benefit the global motorcycle industry, with rapid pace of changes taking place in the automotive industry. Leading motorcycle manufacturers are focusing on increasing their sales amidst growing demand for mobility, particularly in the major cities. Moreover, electric motorcycles have started gaining popularity owing to their eco-friendly nature. These factors are expected to sustain growth of the global motorcycle market during the forecast period. Fact.MR’s report projects the global motorcycle market to register a steady 4.5% CAGR, to reach nearly US$ 150,000 Mn in revenues by 2022-end.

Need more information about Report Methodology? Click here- https://www.factmr.com/connectus/sample?flag=RM&rep_id=7

Market Segmentation

Motorcycle Type

Adventure
Cruiser
Mopeds
Sports
Standard
Touring
Engine Capacity

Up to 150 CC
151-300 CC
301-500 CC
501- 800 CC
801-1000 CC
1001-1600 CC
Above 1600 CC

Full Access of this Exclusive Report is Available at- https://www.factmr.com/checkout/7/S

Region

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa (MEA)

Speak to Research Analyst: https://www.factmr.com/connectus/sample?flag=AE&rep_id=7

7 Growth Prospects about the Global Motorcycle Market

Based on product type, light motorcycles are expected to remain dominant in the global market, followed by scooters, in terms of revenues. However, electric motorcycles are expected to register the highest CAGR in the global motorcycles market through 2022. Sales of mopeds in the market will remain sluggish during the forecast period.

On the basis of cylinder capacity, below 250 cc will remain preferred in the market, with sales estimated to reach nearly US$ 100,000 Mn by 2022-end. 200 cc to 500 cc is expected to be the second-most lucrative product type segment in the global motorcycle market by 2022-end.

Low-priced motorcycles are expected to remain most attractive in the market, followed by mid-priced motorcycles. Sales of high-priced motorcycles are estimated to register a comparatively low CAGR through 2022.

In emerging countries of Asia Pacific excluding Japan (APEJ), such as India and China, where motorcycles are becoming an attractive alternative to utilizing mass transit, or riding a bicycle. Post-reaching certain thresholds of per capita income, strong growth in sales of motorcycles is estimated in these countries. APEJ is expected to remain dominant in the global motorcycle market during the forecast period.

Although Japan is projected to be the second largest market for motorcycles, sales in North America are projected to register a comparatively higher CAGR through 2022.

Sales of motorcycles in Europe and Middle East & Africa (MEA) are estimated to register low CAGRs in the global motorcycles market through 2022.

Key market players identified in Fact.MR’s report include
Bajaj Auto Ltd.
Bayerische Motoren Werke AG
Benelli Q.J.
Piaggio & C. SpA
Harley-Davidson Motor Company Inc.
Suzuki Motor Corporation
Honda Motor Co. Ltd.
Hero MotoCorp Ltd.
Eicher Motors Limited
Yamaha Motor Co. Ltd.
KR Motors Co., Ltd.

For More Insights : https://www.prnewswire.com/news-releases/automotive-headliners-demand-in-premium-cars-set-to-rise-at-above-5-cagr-through-2031-factmrs-new-study-301211717.html

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email : sales@factmr.com
Website : https://www.factmr.com

About Fact.MR
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions.
We have offices in US and Dublin, whereas our global headquarter is in Dubai.While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise.
Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed.
Reach out to us with your goals, and we’ll be an able research partner.

This release was published on openPR.