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Motorcycle And Bicycle Market Trends, Top Companies, Share, Growth And Forecast 2033
Motorcycle And Bicycle Market Trends
As per the report, 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 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%.
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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.
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 motorcycle and bicycle market covered in this report is segmented -
1) By Type: Motorcycles And Parts, Bicycles And Parts, Motor Scooters, Other Motorcycle And Bicycle
2) By Propulsion Type: Internal Combustion Engine (ICE), Electric
3) By Distribution Channel: Independent Retailers, Online Sales
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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.
Contents of the report:
1. Executive Summary
2. Motorcycle And Bicycle Market Report Structure
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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