How is Demand Rising for Various Types of Motorcycles?
A rise in standards of living across developing economies, such as China, India and Indonesia, is expected to influence the growth in adoption of motorcycles in these regions. In addition, superior fuel efficiency offered by motorcycles as compared to automobiles, coupled with rapidly growing population will result into a higher demand for motorcycles in the near future. Developed countries are likely to witness higher sales, especially of medium and heavy motorcycles, with economic conditions becoming more favorable and consumers resuming the purchase of expensive recreational items. A recent report by Fact.MR offers a detailed analysis about the global motorcycle market for the forecast period 2017 to 2022. For detailed insights on enhancing your product footprint, request for a sample here  https://www.factmr.com/connectus/sample?flag=S&rep_id=7  The report projects the global motorcycle market to surpass revenues worth US$ 100,000 Mn in 2017. Increasing innovations and advancements in technology are expected to immensely benefit the global motorcycle industry, with rapid pace of changes taking place in the automotive industry. Leading motorcycle manufacturers are focusing on increasing their sales amidst growing demand for mobility, particularly in the major cities. Moreover, electric motorcycles have started gaining popularity owing to their eco-friendly nature. These factors are expected to sustain growth of the global motorcycle market during the forecast period. Fact.MRs report projects the global motorcycle market to register a steady 4.5% CAGR, to reach nearly US$ 150,000 Mn in revenues by 2022-end. Market Segmentation  Fact.MRs research study assesses the global motorcycle market in terms of motorcycle type, engine capacity, and region. For critical insights on this market, request for methodology here  https://www.factmr.com/connectus/sample?flag=RM&rep_id=7  This report presents extensive market dynamics and trends associated with different segments of the market, and their influence on the growth prospects of the market. Motorcycle Type Adventure  Cruiser  Mopeds  Sports  Standard  Touring Engine Capacity Up to 150 CC  151-300 CC  301-500 CC  501- 800 CC  801-1000 CC  1001-1600 CC  Above 1600 CC Region North America  Latin America  Europe  East Asia  South Asia  Oceania  Middle East & Africa (MEA)  7 Growth Prospects about the Global Motorcycle Market  Based on product type, light motorcycles are expected to remain dominant in the global market, followed by scooters, in terms of revenues. However, electric motorcycles are expected to register the highest CAGR in the global motorcycles market through 2022. Sales of mopeds in the market will remain sluggish during the forecast period. On the basis of cylinder capacity, below 250 cc will remain preferred in the market, with sales estimated to reach nearly US$ 100,000 Mn by 2022-end. 200 cc to 500 cc is expected to be the second-most lucrative product type segment in the global motorcycle market by 2022-end. Low-priced motorcycles are expected to remain most attractive in the market, followed by mid-priced motorcycles. Sales of high-priced motorcycles are estimated to register a comparatively low CAGR through 2022. In emerging countries of Asia Pacific excluding Japan (APEJ), such as India and China, where motorcycles are becoming an attractive alternative to utilizing mass transit, or riding a bicycle. Post-reaching certain thresholds of per capita income, strong growth in sales of motorcycles is estimated in these countries. APEJ is expected to remain dominant in the global motorcycle market during the forecast period. For comprehensive insights on this market adoption, ask an analyst here  https://www.factmr.com/connectus/sample?flag=AE&rep_id=7  Although Japan is projected to be the second largest market for motorcycles, sales in North America are projected to register a comparatively higher CAGR through 2022. Sales of motorcycles in Europe and Middle East & Africa (MEA) are estimated to register low CAGRs in the global motorcycles market through 2022. Key market players identified in Fact.MRs report include Bajaj Auto Ltd., Bayerische Motoren Werke AG, Benelli Q.J., Piaggio & C. SpA, Harley-Davidson Motor Company, Inc., Suzuki Motor Corporation, Honda Motor Co., Ltd., Hero MotoCorp Ltd., Eicher Motors Limited, Yamaha Motor Co., Ltd., KR Motors Co., Ltd., and Chongqing Jianshe Motorcycle Co., Ltd.  Read More Trending and Similar Reports from Fact.MR  https://www.globenewswire.com/en/news-release/2020/03/25/2006286/0/en/Electric-Vehicle-Sound-Generator-Sales-Majorly-Buoyed-by-Pedestrian-Safety-Concerns-Adoption-in-LCVs-Pegged-at-14-CAGR-by-2029-Says-a-New-Fact-MR-Study.html  About Us:  Market research and consulting agency with a difference! Thats why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range  from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and well be an able research partner. 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