The Global Market for Motorcycles, Scooters and Mopeds is Projected to Reach 61.2 Million Units by 2020

Growing Urbanization in Developing Markets Drives Growth in the Motorcycles, Scooters and Mopeds Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Motorcycles, Scooters and Mopeds market. The global market for Motorcycles, Scooters and Mopeds is projected to reach 61.2 million units by 2020, driven by population growth, strong urbanization, and expanding middle class population in developing countries.

The global motorcycles, scooters and mopeds market is poised to expand in the coming years, driven by the growing personal mobility needs of the expanding base of affluent population in developing countries. Key macroeconomic variables supporting growth in these countries include rapid urbanization, rising employment, improving disposable incomes, and rise in dual income households. The ongoing fast paced urbanization in several developing countries in Asia-Pacific, Latin America and the Middle East and lack of efficient and effective public transportation systems, and chronic traffic congestions, are also spurring growth. In developed regions such as the United States, Canada and Europe, stringent emission norms are helping drive sales of motorcycles. Improvement in road infrastructure and development of motorcycle lanes in several parts of the world are also encouraging the demand for powered two wheelers, globally. Key benefits offered by motorcycles, scooters and mopeds include reduced journey time, lower CO2 emissions, and higher fuel and mileage benefits. The introduction of exclusive motorcycle lanes helps reduce drastically the number of motorcycle crashes and allows for faster and safer riding, thus encouraging a growing number of commuters to migrate to motorcycling as a primary means of transport.    

Poor road infrastructure which remains the soft underbelly of most developing countries, and the ensuing chronic traffic congestion in cities and towns, represents a key factor spurring sales of motorcycles, scooters and mopeds. Motorcycles provide an effective solution to the growing menace of traffic congestion and air pollution. They not only offer convenience in steering clear of the clogged roads but also provide ease in parking. Relatively low purchase price, mileage and usage economies make two wheelers an ideal choice for urban population. In urban areas, two wheelers also help reduce road wear and tear, given the parallel relationship between vehicle weight and road damage. The middle class population represents the key consumer group for affordable personal mobility solutions such as powered two wheelers. The growing economic strength of the middle class population in developing countries will continue to remain one of the primary drivers of growth. Use of motorcycles and other two wheelers is already widespread among middle class consumer group in Asia-Pacific and other developing regions and the demand is expected to grow further in the coming years driven by the need for affordable yet comfortable and convenient transport.

As stated by the new market research report on Motorcycles, Scooters and Mopeds, Asia-Pacific represents the largest market worldwide, and will continue to remain the primary contributor to volume growth in the region in the short to medium term period. Light motorcycles, scooters, and mopeds make ideal transportation means for the large section of the middle class community in Asia, where fuel economy and low maintenance are key areas of emphasis. Fuel-efficient four-stroke motorcycles including commuter models are especially projected to witness strong demand in markets such as China, India, Thailand, Indonesia and Vietnam. In the developed markets, growth will be driven by the growing number of aging baby boomers taking to motorcycling as a leisure pursuit, post retirement. Canada is poised to record the fastest CAGR of 6.4% over the analysis period.

Major players covered in the report include Bajaj Auto Ltd., BMW Group, China Jialing Industrial Co. Ltd., Ducati Motor Holding SpA, Harley-Davidson, Inc., Hero MotoCorp Ltd., Honda Italia Industriale S.p.A., Honda Motor Co., Ltd, Honda Motorcycle & Scooter India (Private) Ltd., India Yamaha Motor Pvt. Ltd., Kawasaki Heavy Industries Ltd., Kolao Holdings, KR Motors Co. Ltd., Lifan Industry (Group) Company, MBK Industrie SA, Piaggio & C. SpA, Polaris Industries Inc., Suzuki Motor Corp., Triumph Motorcycle Ltd., and Yamaha Motor Co., Ltd., among others.

The research report titled “Motorcycles, Scooters and Mopeds: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections in thousand units for all major geographic markets such as US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, Belgium and Rest of Europe), Asia-Pacific (China, India, Indonesia, Taiwan, Thailand, Vietnam and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America), and Rest of World. The report also provides market analytics for individual segments – Motorcycles, Scooters, Mopeds.

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