Motorcycle And Bicycle Global Market Size:
The global motorcycle and bicycle market was valued at $162.6 billion in 2017. Asia Pacific was the largest geographic region accounting for $61.38 billion or 37.75% of the global market. China was the largest country accounting for $51.53 billion or 31.69% of the global motorcycle and bicycle market.
Motorcycle And Bicycle Global Market Overview:
Vehicle to vehicle communication and infotainment systems are the important technology trends in motorcycle safety. These infotainment systems have been highly adopted by companies such as Harley-Davidson, BMW and Honda bringing connectivity, entertainment and information to riders and providing important information in the most convenient manner. However, the more interesting developments in vehicle to vehicle technology are new smartphone apps and Intelligent Transport Systems (ITS), and self-driving autonomous vehicles.
Asia Pacific was the largest geographic region in the market, accounting for almost two-fifth of the global market, which can be attributed to the high use of bicycles and the mature market in the region.
According to The Business Research Company’s Consultant, Nitin Gianchandani, the booster bikes are gradually replacing cycles. Booster bikes are able to reach higher speeds and need less physical force, making them a decent fit for elder riders. It is more reasonably priced than bikes and, in many countries, authorization or insurance is not compulsory to operate.
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Yamaha was the largest player in the global motorcycle and bicycle market in 2017, with revenues of $4 billion in year 2016. Yamaha’s growth strategy is to make more sales growth while continuing and enhancing their economic flexibility and commercial fundamentals.
The motorcycle and bicycle market is segmented into Motorcycles And Parts; Bicycles And Parts; Motor Scooters; and Others.
Motorcycle and Parts Manufacturing establishments manufacture motorcycles, scooters and similar equipment and parts.
Bicycle and Parts Manufacturing establishments manufacture bicycles, tricycles and similar equipment and parts.
Motor Scooters Manufacturing establishments manufacture all motored scooters such as mopeds.
Others– special purpose motorcycles and bicycles manufactured for various operations are included in this segment.
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