Dublin, Oct. 25, 2022 (GLOBE NEWSWIRE) — The “Motorcycle And Bicycle Global Market Report 2022” has been added to from ResearchAndMarkets.com offer.
This report provides strategists, marketers, and senior management with the critical information they need to assess the global motorcycle and bicycle market emerging from the COVID-19 lockdown.
The global motorcycle and bicycle market is expected to grow from $67.03 billion in 2021 to $72.99 billion in 2022 at a compound annual growth rate (CAGR) of 8.9%. The market is expected to reach $98.95 billion in 2026 at a compound annual growth rate (CAGR) of 7.9%.
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Major companies in the motorcycles, bicycles and parts market are Honda Motor Co Ltd, Hero MotoCorp Ltd, Harley-Davidson Inc., TVS Motor Company Limited, Suzuki Motor Corp, Bajaj Auto Ltd, Bayerische Motoren Werke AG, Kawasaki Heavy Industries , Accell Group NV and Toyota Tsusho.
The motorcycles, bicycles and parts market includes the sales of motorcycles, bicycles and parts and related services by entities (organizations, individual traders and partnerships) that produce motorcycles, scooters, tricycles and equipment and similar parts.
The main types in the motorcycles, bicycles and parts market are motorcycles and parts, bicycles and parts, scooters, other motorcycles and bicycles. The motor scooter is considered a stepper frame and rider foot platform that emphasizes comfort and fuel economy. The different distribution channels include independent retailers, online sales. These are used in OEM and aftermarket.
Asia-Pacific was the largest region in the motorcycle and bicycle market in 2021. Western Europe was the second largest region in the motorcycle and bicycle market. Regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Technological advancements are expected to be a continuous driver of market growth over the forecast period. The global motorcycle and bicycle manufacturing industry has seen many technological advancements over the past decade and this trend is expected to intensify. According to Forbes, the ten novelties to expect in vehicles
in 2020 include autonomous driving, driver priority systems, biometric vehicle access, comprehensive vehicle tracking, active window displays, remote vehicle shutdown, active health monitoring, supercars four-cylinder engine, intelligent and personalized in-car marketing and reconfigurable body panels. These innovations are expected to drive the motorcycle and bicycle market over the forecast period.
The coronavirus disease (COVID-19) outbreak acted as a massive constraint on the motorcycle and bicycle market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined in due to lockdowns imposed by governments around the world. COVID-19 is an infectious disease with flu-like symptoms including fever, cough and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei Province in the People’s Republic of China, and has spread around the world, including Western Europe, North America and Asia.
Transportation manufacturers are heavily dependent on the supply of parts and components from different countries around the world. As many governments restricted the movement of goods between countries, manufacturers had to halt production due to a lack of parts and components. Additionally, new auto sales have declined significantly due to a drop in consumer demand as many countries impose lockdowns. The outbreak continued to harm businesses throughout 2020 and into 2021. However, the motorcycle and bicycle market is expected to recover from the shock during the forecast period as it is a “black swan event and not related to persistent or fundamental weaknesses in the market or global economy.
Bike manufacturers are increasingly investing in making electric bikes that run on rechargeable batteries. These e-bikes are an environmentally friendly and inexpensive mode of transport and can also be used for recreational cycling trips, shopping and errands. Major players are also investing in new e-bikes equipped with internet and GPS functionality. For example, in 2019, Hero Cycles, a manufacturer of bicycles and bicycle-related products, in partnership with Yamaha Motor Company launched its electric bicycle named Lectro EHX20. Similarly, American bicycle manufacturer Bulls launched three lightweight e-bikes in 2020.
The countries covered by the motorcycles, bicycles and parts market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark , Egypt, Finland, France, Germany, Hong Kong, India, Indonesia. , Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, United Arab Emirates, United Kingdom, United States, Venezuela and Vietnam.
Main topics covered:
2. Structure of the report
3. Characteristics of the motorcycle and bicycle market
3.1. Market definition
3.2. Key segments
4. Product Analysis of Motorcycles and Bicycles Market
4.1. Featured products/services
4.2. Key Features and Differentiators
4.3. Development products
5. Motorcycle and Bicycle Market Supply Chain
5.1. Supply Chain
5.3. End customers
6. Motorcycle and bicycle market customer information
6.1. Customer preferences
6.2. End-use market size and growth
7. Motorcycle and Bicycle Market Trends and Strategies
8. Impact of COVID-19 on motorcycles and bicycles
9. Motorcycle and Bicycle Market Size and Growth
9.1. Market size
9.2. Historical Market Growth, Value (Billions of dollars)
9.2.1. Market Drivers
9.2.2. Market Constraints
9.3. Market growth forecast, value (in billions of dollars)
9.3.1. Market Drivers
9.3.2. Market Constraints
10. Motorcycle and Bicycle Market Regional Analysis
10.1. Global Motorcycle and Bicycle Market, 2021, by Region, Value (USD Billion)
10.2. Global Motorcycle and Bicycle Market, 2016-2021, 2021-2026F, 2031F, Historical & Forecast, By Region
10.3. Global Motorcycle and Bicycle Market, Growth and Market Share Comparison, by Region
11. Motorcycles and Bicycles Market Segmentation
11.1. Global Motorcycle and Bicycle Market, Segmentation by Type, History & Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion
11.2. Global Motorcycle and Bicycle Market, Segmentation by Propulsion Type, History and Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion
11.3. Global Motorcycle and Bicycle Market, Segmentation by Distribution Channel, Historical & Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion
12. Motorcycle and Bicycle Market Metrics
12.1. Motorcycle and bicycle market size, percentage of GDP, 2016-2026, global
12.2. Average per capita expenditure in the motorcycle and bicycle market, 2016-2026, world
For more information about this report visit https://www.researchandmarkets.com/r/puxbtx
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