Global All-Wheel Drive Motorcycles Market to Grow at a CAGR of 20.55% by 2021

MarketResearchNest.com adds “Global All-Wheel Drive Motorcycles Market 2017-2021” new report to its research database. The report spread across in 66 pages with table and figures in it.

Research analysts forecast the global all-wheel drive motorcycles market to decline at a CAGR of (20.55%) during the period 2017-2021.
AWD systems are widely used for the transmission of the power to the rear wheel of the engine. Like four-wheelers, motorcycles also have the concept of AWD systems, which serve the same purpose as for cars. The purpose and the working principle of both are similar. AWD and 4WD accomplish almost the same things, yet they go about it in very different ways, and each works best under different sets of conditions. 4WD is the older of the two systems. As its name implies, 4WD is a system that sends power to each wheel for maximum traction. It works through a complex mechanical system called a "transfer case." Typically, 4WD systems are found in pickup trucks or off-road vehicles, like Jeeps or Range Rovers. However, unlike AWD, 4WD (also known as 4x4) is "on" all the time.

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Technavio recognizes the following companies as the key players in the global all-wheel drive motorcycles market: Christini Technologies, Rokon, and Yamaha Motor Corporation.

Other Prominent Vendors in the market are: Ural Motorcycles, Honda, KTM, and BMW.

The latest trend gaining momentum in the market is All-wheel drive snow bikes - a rising trend. Developments in the off-road motorcycles have led to the introduction of snow bikes. However, there are differences in snow bikes compared with off-road motorcycles. The AWD snow bikes have been designed by not only modifying the transmission system but also by modifying the wheel design to provide necessary floatation to them. As the snow bikes have an efficient wheel design to ride on the snow, they are equipped with the rear wheel drive system. But the increasing demand for higher efficiency in snow bikes has forced the manufacturers to manufacture AWD snow bikes.

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According to the report, one of the major drivers for this market is Increasing sales of off-road motorcycles. The global off-road motorcycle market was estimated at 197.80 thousand units in 2016, and it is expected to reach 285.20 thousand units by 2021, with a fluctuating growth rate at a CAGR of 7.59% during the forecast period. The off-road motorcycle market is growing consistently in terms of volume, whereas the growth rate is fluctuating. This growth is owing to increasing demand for off-road motorcycles because of increasing viewership of off-road motorcycle events like Motocross, enduro racing, Supercross, Arenacross, etc. Also, there is an increase in telecast for these events through television and online channels.

Further, the report states that one of the major factors hindering the growth of this market is High price keeps the market smaller in the motorcycle industry. The price fluctuations in the commuter motorcycle segment affect the sales of the motorcycle because of the price sensitive consumers. However, price changes in the premium motorcycle segment would not have a huge impact on the sales.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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