Motorcycle Market 2022 -Scope of Report
Persistence Market Research recently published a report on the global motorcycle market. The report provides detailed valuation on key market dynamics, such as the drivers, trends, opportunities, and restraints, along with detailed information about the market structure. This market research report presents exclusive facts and figures about how the motorcycle market will grow over the forecast period of 2021 to 2031.
As per industry analysis, the global motorcycle market is set to close in on a revenue of US$ 125 Bn in 2022. Sales of motorcycles are projected to increase at around 4% CAGR during 2021-2031, with the market expanding value of a US$ 181 Bn over the same time period.
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Motorcycles have been around for more than a century, and they continue to be one of the most popular means of transportation on the planet. There are several reasons for this, but chief among them is the fact that motorcycles offer riders a level of freedom and flexibility that is simply unmatched by any other form of transportation. Motorcycles can go anywhere cars can go, and they can also travel on roads and paths that are inaccessible to cars. This makes them perfect for getting around in congested cities or traveling off the beaten path. Motorcycles are also relatively affordable when compared to cars, and they require much less maintenance.
The study is relevant for stakeholders in the market, as well as manufacturers, distributors, suppliers, and investors, as it can help them understand applicable strategies to grow in the market. Stakeholders, investors, industry experts, researchers, and journalists, as well as business researchers in the motorcycle market can leverage the information and statistics presented in Persistence Market Research’s research report.
The report includes facts and figures related to the macro- as well as micro-economic factors that are impacting the growth of the market. The study also offers actionable insights based on the future trends in the motorcycle market. Furthermore, regional players and new entrants in the market can also use the information presented in this report to make business decisions and gain momentum in the market.
Some of the leading market participants included in this report are
- Triumph Motorcycles Ltd.
- Bajaj Auto Ltd.
- Bavarian Motor Works (BMW) AG
- Ducati Motor Holding S.p.A.
- Eicher Motors Limited
- Harley-Davidson, Inc.
- Hero MotoCorp Ltd.
- Honda Motor Co., Ltd.
- KTM AG and more
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Key Segments of Market
Persistence Market Research’s study on the motorcycle market is divided into 2 significant segments- technology and product. This report offers comprehensive data and information about the important market dynamics and growth parameters related to these categories.
- I.C. Engines ( Up to 150 cc, 151-300 cc, 301-500 cc, Above 500 cc)
- Motorcycles( Standard, Cruisers, Sports, Mopeds, Electric, Others)
- Scooters( Standard, Maxi, Enclosed, Three-wheeled, Electric)
- North America
- Latin America
- South Asia & Pacific
- East Asia
Key Questions Answered in Market Report
Which region is anticipated to hold a prominent market share over the forecast period?
What will be the key driving factors propelling demand for motorcycles during the forecast period?
How current trends will impact the motorcycle market?
Who are significant participants in the market?
What are the crucial strategies of prominent players to upscale their positions in this landscape?
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In Persistence Market Research’s research report, exclusive research methodology is utilized to conduct comprehensive research on the development of the motorcycle market, and reach conclusions on the future growth factors of the market. In this research methodology, secondary and primary research is utilized by analysts to ensure precision and reliability of the conclusions.
Secondary resources are referred by analysts during the evaluation of the market study, which comprise facts and figures from World Bank, IMF, US Energy Information Administration, International Energy Agency, local & regional government websites, white papers, trade journals, and external and internal databases.
Analysts have thoroughly interviewed several industry experts, such as sales supervisors, sales operation managers, product portfolio managers, senior managers, market intelligence managers, marketing/product managers, engineering managers, and production managers to provide insightful information.
Comprehensive information acquired from primary resources and secondary resources is validated from companies operating in the motorcycle market to make Persistence Market Research’s projection on growth prospects of the motorcycle market more accurate and reliable.
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The global bicycle market value was close to US$ 59.9 Bn in 2021, and is predicted to expand at a steady CAGR of 5.8% to top a valuation of US$ 109.5 Bn by 2032..
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