Growing Vehicle PARC in Densely Populated Cities Drives the Value of Agility & Reduced Commute Time Benefits Offered by Motorcycles, Scooters and Mopeds
The global market for Motorcycles, Scooters and Mopeds is projected to reach 66.4 million units by 2024 , driven by rapid urbanization, growing vehicle PARC, inadequate road infrastructure and public transport facilities in developing markets and the ensuing focus on convenient features, economic and environmental benefits offered by two wheeled vehicles. Powered two-wheelers fulfill a strong need for convenience, speed, and personal mobility. Divided into three segments, the powered two-wheelers market is replete with instances of changing market patterns. The last two decades have comprehensively transformed global powered two-wheelers market with demand often outgrowing expectations, beating market calculations. Global motorcycles, scooters and mopeds market is poised to expand in the coming years. Rising personal mobility needs of the growing global population, increasing number of young and middle class population, rising employment rates and improving disposable incomes are...