Dublin, Sept. 09, 2022 (GLOBE NEWSWIRE) -- The "Motorcycles, Scooters and Mopeds - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Motorcycles, Scooters and Mopeds Market to Reach 61.6 Million Units by 2026
The global market for Motorcycles, Scooters and Mopeds estimated at 48.7 Million Units in the year 2022, is projected to reach a revised size of 61.6 Million Units by 2026, growing at a CAGR of 4.7% over the analysis period.
Small-displacement, full-sized motorcycle models have been witnessing increasing consumer acceptance in the US and other countries since the pre-pandemic phase. The trend has gained considerable traction among both experienced and new riders. Motorcycles within the 200-400cc range that struggled to find space in the US market are now enjoying increasing consumer attention.
Powered by innovations and quality components, these affordable, single-/twin-cylinder machines are witnessing higher uptake globally. New rides, including women riders, are spending on emerging models that also cover retro-styled approachable 125cc models. With 125cc engine along with decent features like better gas mileage, ABS brakes and fuel injection systems, these motorcycles are shifting consumer attention away from large, outdated machines.
Modern 125cc models such as the retro-cool Honda Monkey and Kawasaki Z125 are capable of attaining 50mph that is adequate for people to navigate through city streets. In addition, new sub-400cc bike models are offering a perfect component to add the fun element. The trend has prompted companies such as Honda to come up with new models to tap the opportunity.
Rising personal mobility needs of the growing global population, increasing number of young and middle class population, rising employment rates and improving disposable incomes are all poised to benefit the market growth in the near to mid-term.
The U.S. Market is Estimated at 430 Thousand Units in 2022, While China is Forecast to Reach 9.7 Million Units
The Motorcycles, Scooters and Mopeds market in the U.S. is estimated at 430 Thousand Units in the year 2022. The country currently accounts for a 0.9% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of 9.7 Million Units in the year 2026 trailing a CAGR of 5.4% through the analysis period.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.5% and 4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.1% CAGR while Rest of European market (as defined in the study) will reach 10.3 Million Units by the close of the analysis period.
Several governments are offering incentives to promote electric models, supporting associated programs such as ride sharing, and improving the transportation infrastructure. The introduction of latest high-performance medium to heavy models of internal combustion engine models intended to push replacement and new demand is expected to drive revenue growth.
In addition, increasing uptake of electric scooters, e-bikes and motorcycles in Asian countries, excluding China, North America and Europe due to environmental concerns and rising air pollution is poised to further bolster the motorcycle market. Asia-Pacific is anticipated to continue maintaining its strong position in the motorcycle market, despite weak performance of China.
The region is estimated to account for around two-third of the global demand through 2024, which can be attributed to strong contribution from emerging economies. The motorcycle market in developing countries across Asia-Pacific is slated to gain from sizeable population base, decent economic performance, limited public transit options and moderate level of motorcycle stocks.
What`s New for 2022?
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to the digital archives
Complimentary updates for one year
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Two-Wheelers Market Experiences Riders' Blast for Small-Displacement Machines
COVID-19 Botched Up Motorcycle & Electric Scooter Production and Crashed Revenues for Manufacturers
Motorbikes Remain as Cool as Always & Enjoy Unbelievable Boom amid COVID-19 Crisis
Motorcycles: From Specter of Collapse to Sudden Spike in Sales amid COVID-19
Motorcycle Makers Target Electric Bicycles as Bridge Product for Future Sales
COVID-19-Led Trends Provide Silver Lining & Enable Motorcycles to Post Strong Gains after Stumbling Initially
Trends Favoring Global Motorcycle Market
Led by Developing Nations, Asia-Pacific Rules Motorcycle Demand
Technological Innovations Electrify Electric Motorcycle Market
Motorcycles, Scooters and Mopeds: An Introduction
Motorcycles: A Way of Life & Attitude
The Heavyweight Class: A Sumo Wrestler on the Road
The Non-Heavyweight Class
Scooter: A Specially Designed Motorcycle
Facts at a Glance
Differentiating Scooters from Mopeds
Difference between Scooters and Motorcycles
Scooter - The Advantage Factor
Scooters - Ride Them Fast
Scooters - A Historical Perspective
Scope for New Concepts
Mopeds: Losing Sheen
Differentiating Motorcycles, Scooters and Mopeds
Two-Strokes and Four-Strokes
Two-stroke Engine vs. Four-stroke Engine
Two-Wheeler Category Definitions: By Style
Electrifying Your Ride on Two-Wheels
Powered Two-Wheelers Market: A Prelude
Developing Regions Dominate Two-Wheeler Markets
Volatility in Major Two-Wheeler Markets - A Cause for Concern
Economic Revival in Developed Markets to Drive Market Growth
Role of Motorcycles, Scooters & Mopeds: A Contrasting Picture in Developing & Developed World
Industry Marked by Intense Competition
Leading Players in the World Motorcycle Market
Heavy Motorcycle Segment
Market Leaders Cruising Ahead
Focus on Manufacturing High-Quality Products
Harley Davidson Inc. (US) - A Strategic Insight into the Global Major in Motorcycles Market
HDI - Strategies and Problems
Japanese Majors - A Strategy Comparison
Recent Market Activity
Select Global Brands
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS(Total 127 Featured)
Bajaj Auto Limited
Ducati Motor Holding SpA
Hero MotoCorp Ltd.
Honda Motor Co., Ltd.
Honda Italia Industriale S.p.A.
Honda Motorcycle & Scooter India (Private) Ltd.
Kawasaki Heavy Industries, Ltd.
KTM AG (Austria)
Lifan Industry (Group) Company
Piaggio & C. SpA
Polaris Industries Inc.
Suzuki Motor Corporation
Triumph Motorcycles Limited
Yamaha Motor Co., Ltd.
India Yamaha Motor Pvt. Ltd.
Yamaha Motor Taiwan Co., Ltd.
3. MARKET TRENDS & DRIVERS
Favorable Demographics to Drive Growth in Two-Wheelers Market
Rising Population Increases Mobility Needs - To Drive Market Expansion
Middle Aged Customer Segment Still Contributing to Significant Demand
Growth in Female Two-Wheeler Riders Indicates Strong Market Prospects
Growing Urbanization Levels & Inadequate Public Transport Facilities to Boost Market Prospects
Growing Traffic Congestion Drives Demand
Surging Middle Class Segment Underpins Sales Growth
Reduction in Prices and Improvement in Credit Facilities to Boost Demand
Convenient Features, Economic & Environmental Benefits Add to the Appeal of Powered Two-Wheelers
Comfortable & Joyous Riding Experience Make Powered Two-Wheelers Apt for Outdoor Pursuits
Wider Social Benefits Add to Mass Adoption of Powered Two-Wheelers
Replacement Demand: A Lucrative Opportunity
Asia-Pacific Continues to Remain Volume Contributor
Market Sees Increased Opportunities in Other Developing Regions As Well
Government Policies & Regulations Bring Mixed Bag of Opportunities & Challenges
Environmental Considerations - Taking a Front Seat
Established Image of Motorcycles as a Versatile Machine Sustains Market Momentum
Leading Motorcycle Manufacturers in the World - Ranked by Popularity
Latest Design & Configuration Trends Further Amplify Motorcycle's Global Image
Review of Latest Motorcycle Offerings
Top Motorcycle Designs
Scooters - Europe Dominates
European and US Scooters Market - Regulations Dictate Market Demand
'Cycloscooters' Penetrate the European Market
Electric Two-Wheelers Continue to Gain Widespread Attention
Electric Motorcycles - A Review
Harley-Davidson's Ambitious Plans for Electric Two-Wheelers Segment
Technology Innovations in the Electric Motorcycles Market
Electric Motorcycles Vis-a-Vis Standard Gasoline Motorcycles/Scooters
Electric Scooters and Mopeds Make their Presence Felt
Electric Scooters Market on an Upward Swing
E-Scooter Rental Market Zooming Ahead
Technology Advancements & Improvements Widen the Addressable Market
Autonomous Motorcycles Set to Become a Reality
Braking Mechanism Makes Huge Progress
Lighting Technology Sees Significant Improvements
Innovative Solutions Revolutionize Safety Profile of Motorcycles
Innovative Motorcycle Cruise Control Technology to Make Motorcycling Better
Challenges in Making Cruise Control a Standard Option
Bosch Brings In a New Range of Safety Solutions for Motorcycles
Motorcycle Innovation's TS3 System Optimizes Performance, Stability and Compliance
TFT Digital Displays Set to Replace LCD Technology
Latest Innovations in E-Scooters
Failed Brilliant Innovations in Motorcycle Industry
4. GLOBAL MARKET PERSPECTIVE
III. REGIONAL MARKET ANALYSIS
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