Motorcycle- Market Scope
Motorcycle is as motorized vehicle which is mostly for two or three passengers use for the transportation. Another name for motorcycle is moped, scooters, dirt bike, minibike and among others. There is basic three type of motorcycles such as electrical motorcycle, petrol motorcycles, and hybrid motorcycles. Motorcycle farther classified by different sections such as engine type, engine power, body type, fuel capacity, price range and other segments. Increasing demand for motorcycles in developing countries and latest technical advancements in it give drive to the motorcycle market
|Unit||Value (USD Million)|
|Key Companies Profiled||Honda (Japan), Harley-Davidson (United States), BMW (Germany), DUCATI (Italy), YAMAHA (Japan), KTM (Austria), KAWASAKI (Japan), BAJAJ (India), TVS MOTOR (India), SUZUKI (Japan) and HAOJUE (China)|
Motorcycle market is a fragmented market due to the presence of various players. The players are focusing on increasing their manufacturing capacity and are offering competitive prices to gain high market share and establish their position in the market. Further, companies are focusing on developing innovative motorcycles with latest advancement to improve quality, enhances and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA estimates that Asia Pacific Vendors will contribute to the maximum growth of Global Motorcycle- market throughout the predicted period.
Honda (Japan), Harley-Davidson (United States), BMW (Germany), DUCATI (Italy), YAMAHA (Japan), KTM (Austria), KAWASAKI (Japan), BAJAJ (India), TVS MOTOR (India), SUZUKI (Japan) and HAOJUE (China) are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Motorcycle- market by Type , by Application (Personal, Industrial, Government Bodies, Commercial and Others) and Region with country level break-up.
On the basis of geography, the market of Motorcycle- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2022.
Market Leaders and their expansionary development strategiesIn December 2021, Harley-Davidson merge with its electric motorcycle line with special purpose Acquisition Company sponsored by AEA investor and Bridges Fund Management. Harley-Davidson owned 74%of newly owned company and SPAC shareholders have 17% ownership. This acquisition helped Harley-Davidson to expand its presence in motorcycle market
In December 2020, Harley-Davidson partnered with Hero MotoCorp to enhance its presence in premium motorcycle segment. Hero MotoCorp is developing electric two-wheelers for both mass and premium segments this strategic partnership helped Harley-Davidson to enhance its presence in motorcycle market.
Influencing Trend:Increasing Demand for Electric Motorcycle and Rising Demand for Sportís Motorcycle
Market Growth Drivers:Increasing Demand for Motorcycle Because It Is Cheaper Than Car, Growing Demand for Motorcycle for Its Convenience to Drive in Traffic and High Demand for Motorcycle in Developing Countries
Challenges:Increasing Delay in Customer Clearance, Hard To Keep Up With Fast Technological Advancement for Motorcycle Manufacturer and High Production Cost of Authentic Parts
Restraints:Increasing Number of Motorcycle Accident
Opportunities:Increasing Technological Advancement in Motorcycle Namely V2V Technology, ARAS, ABS. and Rise in Demand for Smart Helmets
Key Target AudienceMotorcycle Manufacturers, Distributors, Government Bodies, Regulatory Bodies, Potential Investors, Research and Development Institutes, End Users and Others