An Incisive, In-depth Analysis on the Conventional Motorcycles And Scooters Market
This study offers a comprehensive, 360 degree analysis on the Conventional Motorcycles And Scooters market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Conventional Motorcycles And Scooters market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Adoption of conventional motorcycles for recreational purposes
There is a certain class amongst society, particularly in affluent nations in Europe and North America that is extremely active in recreational sports such as country-side riding with high-engine capacity conventional motorcycles. This trend of recreational activities has changed the perception of conventional motorcycles in these regions and the key demographic to focus on is men above the age of 35 years. These consumers are helped by a high disposable income allowing them to indulge in leisure activities that revolve around conventional motorcycles such as biking stunts, racing, and off-roading. In addition to this, the rise in motorcycling clubs of cruiser motorcycles symbolised by the iconic American giant Harley-Davidson and Indian motorcycles has spurred the growth of the global conventional motorcycles market. The global conventional motorcycles market is approx. twice the size of the global conventional scooters market with expected sales of more than 33 million units in 2017 and a market value of over US$ 84 Bn.
Bumper-to-bumper traffic benefits the global conventional motorcycles market
The public transportation systems in emerging economies in Latin America, Africa, and Asia are not exactly known for their efficiency. That is the primary reason why customers in these populous countries prefer to commute with their self-owned vehicles. As the per-capita income here is much lower than that of developed nations, the vehicle of choice is usually a conventional motorcycle. Conventional motorcycles have the dual benefit of being more convenient in addition to being cost-effective. A report by Moovit states that the average commuter in Mexico spends nearly 90 minutes every day while using public transport that can be avoided by using conventional motorcycles.
Economical motorcycles triumph over scooters in the global arena
Economical motorcycles dominate the global conventional motorcycles market and are especially popular in emerging economies that prioritise fuel-efficiency over performance. Motorcycles have several advantages over scooters such as a lower cost of maintenance in the long run, a larger fuel tank, and greater longevity. However, that doesn’t mean that motorcycle manufacturers have not made their products any less stylish to appeal to fashion conscious buyers. More often than not, conventional motorcycles have a sportier look and better performance than conventional scooters, offering their buyers the best of both worlds.
Global Conventional Motorcycles Market Absolute $ Opportunity Analysis, by Product Type
The Standard segment is projected to create a total incremental $ opportunity of US$ 22.4 Bn between 2017 and 2027. The segment is expected to account for a 47.1% share of the global market absolute $ incremental opportunity. The Cruiser motorcycles segment is expected to witness 1.47X growth in terms of value over the forecast period.
Electric bikes pose a huge challenge for conventional motorcycles
With scandals such as Dieselgate, countries across the world have begun to crack down aggressively on fossil fuels by tightening their emission norms and imposing heavy penalties on offenders. China, one of the world’s largest conventional motorcycles market, is actively promoting electric bikes and this can have a substantial impact on the global conventional motorcycles market. Electric bikes are energy efficient, emission free, low-cost, and do not require a license or any sort of registration and these factors can pose a challenge for conventional motorcycle makers. Furthermore, the tax rate in some countries such as India has considerably increased on items perceived to be in the luxurious category. The Indian government has raised tax on conventional motorcycles with engine capacity greater than 350 cc to 31%, which could prove to be a dampener in the sales of conventional motorcycles in this dynamic country.
APEJ to hold a lion’s share of the global conventional motorcycles market
APEJ – led by China, India, and Indonesia – will account for a major share of the global conventional motorcycles market and this picture is likely to remain so for the foreseeable future. The APEJ conventional motorcycles market is predicted to be worth almost US$ 95 Bn by the end of the forecast period and record a CAGR of 4.7% from 2017-2027, making the region vital for stakeholders in the global conventional motorcycles market.
Report Introduction & Structure
A middle class population on the rise and on the move are the two factors responsible for the boom in the conventional motorcycles and scooters market seen in recent times. Key stakeholders are entering into tie-ups with local distributors and vendors to broaden their reach to far-flung areas and cater to customer demand there, making it a truly exciting time to study the conventional motorcycles and scooters market. Future Market Insights has conducted an in-depth analysis of the conventional motorcycles and scooters market in a new report titled ‘Conventional Motorcycles and Scooters Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027’. The report has compared and contrasted the historical analysis from 2012 to 2016 with the expected growth for the coming decade so that readers can get a comprehensive understanding of the prospects that exist in the conventional motorcycles and scooters market.
The conventional motorcycles and scooters market report has been sequentially laid out in a simple, easy-to-understand format for our readers. The first few chapters are largely focussed on giving our readers an initial glance at the conventional motorcycles and scooters market. They comprise the executive summary that includes a broad overview of the conventional motorcycles and scooters market coupled with our expert recommendations on the conventional motorcycles and scooters market strategy. The executive summary is complemented by the introduction that consists of the definition and taxonomy of the conventional motorcycles and scooters market. The opportunity analysis features the value-chain analysis and the macroeconomic factors and helps provide a birds-eye view of the conventional motorcycles and scooters market.
The succeeding sections of the conventional motorcycles and scooters market report highlight the all-important market dynamics, both historical and current market size of major countries across all profiled regions, and an impact analysis of regional DROTs coupled with market attractiveness. A list of all the market representative participants and their market presence in terms of intensity concludes this portion of the conventional motorcycles and scooters market report.
A vital chapter of the conventional motorcycles and scooters market report assesses the competitive landscape in the conventional motorcycles and scooters market. The conventional motorcycles and scooters market structure and a dashboard provide report readers a holistic view of the cutthroat competition you can anticipate as either an incumbent or new entrant in the conventional motorcycles and scooters market. Concise company profiles of the largest companies actively involved in the conventional motorcycles and scooters market are mentioned here. The profiles include an overview, key financials, a SWOT evaluation, and recent company developments so that you as a stakeholder can devise your long-term investment strategies accordingly.
Another important section of the conventional motorcycles and scooters market report touches on the conventional motorcycles and scooters market forecast by region, product type, and engine capacity type. For our readers’ convenience, this has been segmented into sections dedicated to motorcycles and scooters separately so that you can target one specific product type, region, or even engine capacity type depending on your resources and company objectives. The market findings have been clearly laid out and we have taken the help of key metrics such as absolute dollar opportunity, CAGR, and Y-o-Y growth rate to present an indisputable picture of the conventional motorcycles and scooters market.
Conventional Motorcycles and Scooters Market Taxonomy
Conventional Motorcycles Market
Conventional Scooters Market
Best-in-Class Research Methodology
Our report on the global conventional motorcycles and scooters market is backed by an exhaustive research methodology that relies on both primary and secondary research to gain all the necessary insights into the conventional motorcycles and scooters market. This report is validated several times by our team of diverse, expert analysts using proprietary tools so that it can be used as an authoritative source by our esteemed clients.