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Worldwide Motorcycle Seats Industry to 2027 - Impact of COVID-19 on the Market
Dublin, Oct. 12, 2020 (GLOBE NEWSWIRE) -- The "Motorcycle Seats - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The publisher brings years of research experience to the 9th edition of this report. The 185-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global Motorcycle Seats Market to Reach 48.5 Million Units by 2027
Amid the COVID-19 crisis, the global market for Motorcycle Seats estimated at 34.8 Million Units in the year 2020, is projected to reach a revised size of 48.5 Million Units by 2027, growing at a CAGR of 4.9% over the analysis period 2020-2027.
Mid-Premium Motorcycles, one of the segments analyzed in the report, is projected to record a 5.2% CAGR and reach 27.1 Million Units by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Commuter Motorcycles segment is readjusted to a revised 4.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at 9.4 Million Units, While China is Forecast to Grow at 7.5% CAGR
The Motorcycle Seats market in the U.S. is estimated at 9.4 Million Units in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 10 Million Units by the year 2027 trailing a CAGR of 7.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 4.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR.
Premium Motorcycles Segment to Record 4.7% CAGR
In the global Premium Motorcycles segment, USA, Canada, Japan, China and Europe will drive the 4.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of 5 Million Units in the year 2020 will reach a projected size of 6.6 Million Units by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 6.4 Million Units by the year 2027, while Latin America will expand at a 5.7% CAGR through the analysis period.
Competitors identified in this market include, among others:
Autofit Pvt. Ltd.
Harita Fehrer Limited
Varroc Engineering Pvt., Ltd.
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Global Competitor Market Shares
Motorcycle Seats Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
Total Companies Profiled: 44
For more information about this report visit https://www.researchandmarkets.com/r/sm2j9d
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
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