Global Motorcycle Market Outlook and Market Development Analysis Reveals Forecast for the Period 2017-2022

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. 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.

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This report is an overview of the global motorcycle market. This includes the introduction to the market and a standard definition of the product – motorcycle. In this section, year-over-year growth and market value is offered to readers. Year-over-year growth gives readers a broader picture on growth patterns during the forecast period.

The next section of the report offers a thorough description of the latest macroeconomic factors that have a bearing on the global motorcycle market. Considering the interconnectedness of the motorcycle market to global automotive market and, in general, the global economy, readers will get valuable insights on how international developments impact this market.

In a bid to keep readers up-to-date on the latest developments in the global motorcycle market, the report offers readers a roundup of the latest trends impacting the market. As the automotive sector is ever-evolving, staying abreast with latest trends and developments is paramount to formulating key business strategies. Information on supply chain, cost structure, pricing analysis, raw material sourcing, and list of distributors are offered to readers in this section.

7 Growth Prospects about the Global Motorcycle Market

1) 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.
2) 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.
3) 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.
4) 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.
5) 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.
6) Sales of motorcycles in Europe and Middle East & Africa (MEA) are estimated to register low CAGRs in the global motorcycles market through 2022.
7) 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., and Chongqing Jianshe Motorcycle Co., Ltd.

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Affluent Customers Seek out Sports Motorbikes
The sports motorbikes segment is a niche, yet highly profitable segment in the motorcycle market. Customers with a high disposable income who look for differentiated products are the prime target for sports motorbike manufacturers and this segment is estimated to grow impressively to reach an estimated value of US$ 14 billion in 2022. Another niche yet vital segment is that of electric scooters. Customers desire electric scooters primarily because of their eco-friendly credentials and the rising prices of gasoline. As technological advancements sweep through the market, electric scooters could become a focus area for large players in the motorcycle market going forward. With a vigorous CAGR and a potential multibillion-dollar market in 2022 ripe for the picking, this is hardly a surprise.

Below 250 cc segment a Potential Multibillion Market Opportunity
Most of the action in the motorcycle market is in the sub 250 cc segment and companies are recommended to make their business decisions keeping this is mind. The 250 cc segment is projected to touch US$ 94 billion by end 2022. Even the 200 – 500 cc segment is quite lucrative as it will present a sizeable market value in 2017 alone. Increasing demand for motorcycles for intercity commute will continue to boost the growth of this segment.

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