Motorcycles, Scooters and Mopeds Market Overview:
The Motorcycles, Scooters and Mopeds market study gives a complete picture of the competition, including the market share and company profiles of the key competitors in the global industry. The scope of the research includes a thorough investigation of the Motorcycles, Scooters and Mopeds Market, as well as the reasons for variations in the industry's growth in various locations.
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Global Motorcycles, Scooters and Mopeds Market is anticipated to reach US$ 452.39 Bn by 2027 from US$ 278.07 Bn in 2020 at a CAGR of 7.2% during a forecast period.
Post completion of market engineering, which included calculations for market statistics, market size estimations, market forecasts, market breakdown, and data triangulation, thorough primary research was done to acquire information and verify and validate important numbers. To perform market estimating and forecasting for the overall market segments and sub-segments described in this research, both top-down and bottom-up methodologies, as well as multiple data triangulation methods, were widely employed throughout the whole market engineering process. Extensive qualitative and quantitative analysis is also performed on all of the figures obtained during the whole market engineering process in order to provide essential information throughout the report.
These bikes are used for a variety of purposes, including daily commuting, long-distance travel, cruising, and racing. The integration of new technologies into motorcycles, scooters, and mopeds is piqueing consumer interest. Examples include bluetooth speaker systems, bucket seats, navigation assistants, and distinctive horns. In order to increase mileage and fuel consumption with more torque and sophisticated braking systems, manufacturers are thus investing in enhanced design activities. For instance, manufacturers are becoming more and more interested in the anti-lock braking system and throttle control, which is boosting sales all over the world. Additionally, slipper clutches, which are intended to partially disengage when the rear wheel tries to drive the engine faster, are frequently found on modern motorcycles. The popularity of these new, fuel-efficient motorcycle, scooter, and moped models is increasing.
By Kind, Rising personal incomes in many developing nations, easier access to motorcycle financing options, and concerns about public transportation overcrowding are some of the factors influencing the motorcycle market's expansion.
The fastest rate of growth is anticipated in the scooter market. In the hospitality, safety, vacation, and tourism industries, electric scooters are becoming more and more common. Additionally, a glut of cheap scooters made in China have entered the market, increasing consumer demand for these scooters. However, it is anticipated that conventional scooter sales will decline significantly as a result of government incentives to reduce the total cost of ownership of electric scooters.
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Major players in the market are identified through secondary research and their market revenues are determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top manufacturers; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, CEOs, and marketing executives. The percentage splits, market shares, growth rate, and breakdowns of the global markets are determined by using secondary sources and verified through the primary sources. The biggest players in the Motorcycles, Scooters and Mopeds market are as follows:
• Hero MotoCorp
• TVS Motor
• Bajaj Auto
• Loncin Holding
• Lifan Industry
• Sundiro Honda Motorcycle
• Qianjiang Group
• Guangzhou DaYun Motorcycle
• Wuyang-Honda Motors
• Chongqing Yinxiang Motorcycle
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Individual market influencing elements and changes in market laws that influence present and future market trends are also included in the geographical overview of the Motorcycles, Scooters and Mopeds market study. Current and future trends are examined in order to assess the entire market potential and uncover profitable trends in order to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on Motorcycles, Scooters and Mopeds Market:
Due to a break in operations, end-user sectors where Motorcycles, Scooters and Mopeds are used had a decline in growth from January to May in various countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India. This resulted in a large drop in the revenues of firms operating in these industries and, as a consequence, in demand for Motorcycles, Scooters and Mopeds manufacturers, affecting the development of the Motorcycles, Scooters and Mopeds market in 2020. End-user business demand for Motorcycles, Scooters and Mopeds has dropped considerably as a result of lockdowns and a rise in COVID-19 incidents throughout the world.
Key Questions Answered in the Motorcycles, Scooters and Mopeds Market Report are:
- Which segment had the largest share in the Motorcycles, Scooters and Mopeds market in 2021?
- What is the competitive landscape of the Motorcycles, Scooters and Mopeds market?
- Which are the key drivers aiding the Motorcycles, Scooters and Mopeds market growth?
- Which region has the maximum share in the Motorcycles, Scooters and Mopeds market?
- What will be the CAGR of the Motorcycles, Scooters and Mopeds market during the forecast period (2022-2027)?
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