Motorcycle Market 2021: Technology, Application, Types, End-User, Geography, Competitive Analysis and the Impact of Covid-19 with Analysis 2021-2030

In a recent published report, Kenneth Research has updated the market report for Motorcycle Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Motorcycle Market products.

Get a Sample PDF of report-https://www.kennethresearch.com/sample-request-10294108

REPORT HIGHLIGHT

The Motorcycle Market is estimated to represent a global market of USD 70.23 billion by 2017 with growth rate of 3.8%.

Market Taxonomy

Global motorcycle industry covers market study for on- and off-road motorcycles, scooters, and mopeds.

Market Dynamics

Increasing disposable income of people is likely to boost the number of customers for a motorcycle. According to the International Organization for Migration (IOM), around 80% of the population in North America are living in the urban areas. It is estimated that around 3 million people have migrated to large-sized cities in 2015. Due to this fact, the number of motorcycle registrations in the U.S. has increased considerably over the past few years. For instance, according to the U.S. Department of Transportation, in 2015, around 8,600,000 motorcycles were registered in the U.S., up more than 22% compared to the 2006 vehicle registration. It is noted that sales of new street-legal motorcycles have increased more sharply over the past few years in the country.

Furthermore, key players operating in this country are actively involved in the introduction of a new and different variety of motorcycles which suite the rider, with a view to attracting more customers. For instance, companies are offering fuel-efficient motorcycle engines in comparison to automobiles with low cost and easy to operate features that make the motorcycle a desirable product for purchase. However, strict regulations regarding emissions from motorcycles is anticipated to hamper the market growth.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

Products Takeaway

In terms of products, the industry is categorized into motorcycles, mopeds, and others. Motorcycle segment captured highest, i.e. above 70%, share of the overall market owing to the rising demand and uptake of motorcycles coupled with growing number of key players.

Regional Takeaway

Regionally, Asia Pacific accounted for the highest share of the worldwide market. Large population base, rising per capita income coupled with growing demand for advanced motorcycles have surged the market demand for these products in Asia Pacific region. On another side, developed regions such as North America and Europe accounted for the significant revenue share owing to the rising demand for hi-tech advanced motorcycles among customers.

Key Vendor Takeaway

The degree of competition in global motorcycle market is considered to be strong. Companies such as Harley Davidson, Honda Motor, Kawasaki, Yamaha, and Honda is profiled in detail with attributes such as company overview, financial highlight, and key development. Honda has emerged as the leading player in the global market, generated more than 25% revenue share of the market’s value.

Enquire before purchasing this report –https://www.kennethresearch.com/sample-request-10294108

The industry is mainly concentrated with the top four to five players, holding more than 50% revenue share. These key players have developed their own niche market and their products, despite the fact that they often fulfill the same functions, are identical to the products of competitors. In the motorcycle industry, competition is not based on the product price and this factor usually has low priority in competition between global brands.

The market size and forecast for each segment and sub-segments has been considered as below:

Historical Year – 2014 & 2016

Base Year – 2017

Estimated Year – 2018

Projected Year – 2025

TARGET AUDIENCE

Traders, Distributors, and Suppliers

Manufacturers

Government and Regional Agencies and Research Organizations

Consultants

Distributors

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET, BY PRODUCT

Motorcycles

Mopeds

Others

MARKET, BY REGION

North America

U.S.

Canada

Europe

Germany

France

Rest of Europe

Asia Pacific

India

China

Rest of APAC

Rest of the World

Middle East and Africa

Latin America

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

Contact Us

Name: Kenneth research

Email:sales@kennethresearch.com

Phone: +1 313 462 0609

James Bullock is a Research Expert with a demonstrated history of working in the professional training & coaching industry. Strong professional skilled in business strategy , Strategic Planning, Research Strategy, and Marketing. also have interest in new innovations and technology

Leave a Reply