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Data Bridge Market Research’s latest report, “Motorcycles Market” provides a thorough analysis of growth strategies, drivers, opportunities, key segments, Porter’s Five Forces analysis, and the competitive landscape, offering valuable insights for industry professionals. Motorcycles is the finest market research report, which is the result of a proficient team and their potential capabilities. In this market research report, data collection modules with large sample sizes are used to collect data and perform base year analysis. The market research data included in this report is analyzed and forecasted using market statistical and coherent models. This wide-ranging market analysis report puts light on many aspects related to Motorcycles industry and market. Market definition, market segmentation, competitive analysis, and research methodology are the major topics covered in the Winning Motorcycles business report.
Data Bridge Market Research analyses that the motorcycles market, was valued at USD 98.80 billion in 2022, and will reach USD 152.08 billion by 2030, growing at a CAGR of 5.54% during the forecast period of 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Key Opportunities
- Accessible two-wheeler loans increase the purchases and expansion of the market
Through the rising popularity of motorcycles, particularly among younger generations, and the easy accessibility of vehicle loans, the market for motorcycles will continue to expand. There are numerous banks and corporations that offer loans. A two-vehicle loan is simple to obtain, and the low down payment increases the likelihood that young people and members of the middle caste will buy more of it, thus creates a opportunity for user to buy and creates expansion of market.
- Demand for ‘EV’s can create the market growth
The sales of motorcycles with conventional engines have increased as e-bikes and scooters gain popularity. The adoption of EVs is influenced by government programs to encourage electro-mobility and growing environmental safety concerns, which may also help other types of motorcycles gain market share. In view to the fact that electric vehicles can be environmentally friendly and don’t emit any pollution, the market for motorcycles is predicted to experience a significant boom.
Some of The Major Players Operating In The Motorcycles Market Are:
- Bajaj Auto Ltd. (India)
- BMW AG (Germany)
- Ducati Motor Holding S.p.A (Italy)
- Eicher Motors Limited (India)
- Harley-Davidson, Inc.’s (U.S.)
- Hero MotoCorp Ltd. (India)
- China Jiailng Industrial Co., Ltd (China)
- Honda Motor Co., Ltd. (Japan)
- KTM Sportmotorcycle GmbH (Austria)
- Kawasaki Heavy Industries, Ltd. (Japan)
- Piaggio and C. SpA (Italy)
- Suzuki Motor Corporation (Japan)
- Triumph Motorcycles (U.K.)
- TVS Motor Company (India)
- Vmoto Limited ABN (Australia)
- Yamaha Motor Co., Ltd. (Japan)
- Zero Motorcycles, Inc (U.S.)
Recent Developments:
- In 2021, The creation of a hybrid-electric motorcycle with connected mobility and Al bike assistance was announced by Kawasaki. The motorcycle will achieve a new level of connected mobility using the company’s Rideology app and add-on features.
- In 2021, The newest Multistrada V4 from Ducati went into production for the first time and was dubbed the first motorcycle in the world with front and rear radar technology.
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Market Segmentation of Motorcycles Market:
Type
- On road
- ICE Motorcycle
- Motorbikes
- Light Motorcycles
- Sport Motorbikes
- Mopeds and Electronic Motorcycles
- Motor Cycles for Handicapped
- Off road
- Scooters
Application
- Handlers
- Postures
Propulsion Type
- Internal combustion enginee
- Electric
Price range
- Low
- Mid
- High
End user
- Cruiser
- Adventure
- Touring
- Standard
- Sports
Motorcycles Market Regional Analysis/Insights
The motorcycles market is analysed and market size insights and trends are provided by country, by type and application, propulsion and price range as referenced above.
The countries covered in the motorcycles market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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