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Motorcycle And Bicycle Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | EXOR Group, Robert Bosch GmbH, Aisin Seiki Co Ltd, Toyota Motor Corp, Denso Corp
The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033The Business Research Company offers in-depth market insights through Motorcycle And Bicycle Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The motorcycle and bicycle market size has grown strongly in recent years. It will grow from $76.87 billion in 2023 to $81.33 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to economic growth, urbanization, environmental concerns, fuel prices.
The motorcycle and bicycle market size is expected to see strong growth in the next few years. It will grow to $100.15 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to urban mobility solutions, health and fitness, e-commerce and delivery services, regulatory changes. Major trends in the forecast period include electrification and lightweighting, advanced materials, additive manufacturing, digitalization and connectivity, collaboration and partnerships, .
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Market Segmentation:
The main types in the motorcycle and bicycle market are motorcycles and parts, bicycles and parts, motor scooters, other motorcycles, and bicycles. The motor scooter is referred to as a step-through frame and a platform for the rider's feet that emphasizes comfort and fuel economy. The various distribution channels include independent retailers and online sales. These are used in the OEM and aftermarket.
Major Driver - Riding The Wave Of Technological Advancements Catalysts For Growth In The Motorcycle And Bicycle Manufacturing Industries
Advances in technology are expected to be a continued driver of market growth in the forecast period. The global motorcycle and bicycle manufacturing industries have experienced many technological advances in the last decade, and this trend is expected to intensify. According to Forbes, the ten new features to expect in vehicles included in 2021 are blind-spot monitoring; heated seats; front and rear parking sensors; All-wheel or four-wheel drive; Lane-departure warning; Apple CarPlay and/or Android Auto; Power front passenger seat; LED accent lights; Ventilated or cooled seats; Memory driver's seat. These innovations are expected to drive the motorcycle and bicycle markets during the forecast period.
Competitive Landscape:
Major companies operating in the motorcycle and bicycle market include EXOR Group, Robert Bosch GmbH, Aisin Seiki Co Ltd, Toyota Motor Corp, Denso Corp., Schaeffler Technologies AG & Co KG, Continental AG, Gestamp Automoción, Tata Motor Group, Dana Incorporated, Magna International Inc., ZF Friedrichshafen AG, Hyundai Motor Company, GKN Ltd., BorgWarner Inc., Valeo SA, JTEKT Corporation, Mahle GmbH, Autoliv Inc., Hitachi Automotive Systems Ltd., Nexteer Automotive Group Limited, American Axle & Manufacturing Holdings Inc., Tenneco Inc., Lear Corporation, Faurecia SA, Benteler Automotive Corporation, Linamar Corporation, Rheinmetall Automotive AG, Mando Corporation, WABCO Holdings Inc., Allison Transmission Holdings Inc., Cummins Inc., Eaton Corporation plc.
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Top Trend - E-Bikes On The Rise Electric Bicycle Manufacturing Gains Momentum With Eco-Friendly Innovations
Bicycle manufacturers are increasingly investing in the manufacture of electric bicycles that operate using rechargeable batteries. These electric bicycles serve as an eco-friendly, low-cost mode of transportation and can also be used for recreational bicycle trips, shopping, and errands. Major players are also investing in new electric bicycles equipped with GPS and internet connectivity. For instance, in 2022, Ducati, a manufacturer of motorcycles, launched its first-ever folding electric bicycle, MG20. Similarly, Indian-based electric mobility company launched new-generation electric bicycles, Heileo H100, a lightest electric hybrid bike in 2021.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Motorcycle And Bicycle Market Characteristics
3. Motorcycle And Bicycle Market Trends And Strategies
4. Motorcycle And Bicycle Market - Macro Economic Scenario
5. Motorcycle And Bicycle Market Size And Growth
…..
27. Motorcycle And Bicycle Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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