According to a market report by Lucintel, the future of the global motorcycle market looks promising with opportunities in sports, travel, and others. The global motorcycle market is expected to reach an estimated $109 billion by 2030 from $83 billion in 2023 at a CAGR of 4% from 2023 to 2030. The major drivers for this market are increase in demand for sports motorcycles, a rise in consumer inclination toward electric motorcycles, or e-bikes, and the escalating trend of customization.
A more than 150-page report to
understand trends, opportunity and
forecast in global motorcycle market to 2030 by propulsion type (ICE and
electric), motorcycle type (standard, sports, cruiser, touring, and others),
and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel
forecasts that ICE will remain the largest propulsion type segment over the
forecast period due affordability, simplicity, and reliability.
Within the
global motorcycle market, standard will remain the largest motorcycle type
segment during the forecast period due to increasing demand for a
fuel-efficient and affordable mode of transportation
Download
sample by clicking on motorcycle market.
Asia
Pacific is expected to remain the largest market in the forecast period,
supported by increasing demand for vehicles well-suited for short-distance
travel, providing efficient last-mile connectivity.
Honda
Motor Company, Bajaj Auto, TVS Motor Company, Yamaha Motor, Suzuki Motor
Corporation, Zero Motorcycles, BMW Group, Harley Davidson, Piaggio Group are
the major suppliers in the motorcycle market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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