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Motorcycles, Scooters and Mopeds Market to Record 6.4% CAGR Growth Through 2029 | Global Analysis Report
Motorcycles, Scooters and Mopeds
Motorcycles, Scooters and Mopeds Market Outlook: How is the Market Expected to Grow by 2025?
The market for motorcycles, scooters, and mopeds has experienced robust growth in recent years. It is projected to increase from a worth of $351.14 billion in 2024 to $376.14 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.1%. Factors contributing to this substantial growth during the historic period include the widespread use of smartphones, initiation of app stores, expansion of mobile internet, the evolution of operating systems, and user engagement strategies.
Motorcycles, Scooters and Mopeds Market Forecast: What Size Will It Reach By 2029?
The market for motorcycles, scooters and mopeds is predicted to witness robust growth in the coming years, reaching a value of $481.97 billion by 2029, experiencing a compound annual growth rate (CAGR) of 6.4%. This projected growth for the forecast period is attributed to factors such as the integration of 5g technology, the advent of augmented reality (ar) and virtual reality (vr), the use of wearables, the incorporation of artificial intelligence (ai), and the rise of mobile commerce (mcommerce). Key trends expected during the forecast period are improved personalization, incorporation of 5g technology, compatibility across platforms, and an emphasis on mobile security, health and wellness features.
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Which Key Market Drivers Will Shape Motorcycles, Scooters and Mopeds Industry Trends in 2025-2029?
The growth of the mobile application market is projected to be accelerated by the increasing adoption of wearable devices. These devices are electronic technology or gadgets that can be donned on the body as accessories or incorporated into clothing. Mobile applications in wearable devices act as a bridge between the gadget's sensors and processors and the information presented to the user, permitting a variety of applications like data analytics and visualization. For instance, as cited by the US-based International Data Corporation, the worldwide shipment of wearables escalated from 492,247,834 in 2022 to 519,839,947 in 2023 and is predicted to reach 625,399,055 by 2027. Consequently, the increasing acceptance of wearable devices is influencing the growth of the mobile application market.
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What Are the High-Growth Segments in the Motorcycles, Scooters and Mopeds Market?
The motorcycles, scooters and mopeds market covered in this report is segmented -
1) By Type: Motorcycles, Scooters, Mopeds
2) By Engine Capacity Type: Up to 150cc, 151-300cc, 301-500cc, Above 500cc
3) By Application: Residential, Commercial, Other Applications
Subsegments:
1) By Motorcycles: Cruiser Motorcycles, Sport Motorcycles, Touring Motorcycles, Dirt Bikes, Chopper Motorcycles, Dual-Sport Motorcycles
2) By Scooters: Electric Scooters, Gas-Powered Scooters, Kick Scooters, Mobility Scooters
3) By Mopeds: Pedal Mopeds, Electric Mopeds, Gas-Powered Mopeds
Which Global Trends Are Driving Motorcycles, Scooters and Mopeds Market Expansion?
Major corporations in the mobile app market are concentrating on unveiling innovative technologies such as the Flash platform to augment their market gains. The Flash platform serves as a multimedia software platform that enables the development of embedded web browser video players, mobile apps, desktop applications, animations, etc. An example of this was seen in December 2023, when Indian e-commerce firm, Shadowfax, launched its Flash application, vowing a 30-minute delivery process, tailored to cater to urgent delivery requirements within cities. The app leverages advanced GPS to guarantee transparency and enrich consumer experience through live tracking of their packages. Regarding last-mile delivery, the app is designed to establish new standards for reliability, speed, and cost-efficiency. Flash, with a focus on reliability and quickness, has been introduced as a comprehensive and efficient on-demand logistics resolution, ready to compete against other such services in the market.
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Who Are the Fastest-Growing Companies in the Motorcycles, Scooters and Mopeds Industry?
Major companies operating in the mobile application market report are Amazon.com Inc., Apple Inc., Alphabet Inc., China Mobile Limited, IBM Corporation, Broadcom Inc., Netflix Inc., Hewlett Packard Enterprise, Cognizant Technology Solutions Corporation, Ubisoft Inc., BlackBerry Ltd., Gameloft SE, LeewayHertz, Algoworks Technologies Private Limited, Verbat Technologies LLC, CodigoDelSur, Mercury Development LLC, Intellectsoft LLC, Sidebench, NineHertz India Pvt. Ltd., KitelyTech, Goji Labs, RevenueCat, Adept Business Solutions FZE, Toobler Technologies Pvt. Ltd., Amber Group, Zazz, Orangesoft, Appetiser
What Is the Regional Outlook for the Motorcycles, Scooters and Mopeds Market by 2029?
North America was the largest region in the mobile application market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mobile application market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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