Lucintel Forecasts The Global Motorcycle Market To Reach $109 Billion By 2030

By Author: Lucintel LLC
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According to a market report by Lucintel, the future of the global motorcycle market looks promising with opportunities in sports, travel, and others. The global motorcycle market is expected to reach an estimated $109 billion by 2030 from $83 billion in 2023 at a CAGR of 4% from 2023 to 2030. The major drivers for this market are increase in demand for sports motorcycles, a rise in consumer inclination toward electric motorcycles, or e-bikes, and the escalating trend of customization.
A more than 150-page report to understand trends, opportunity and forecast in global motorcycle market to 2030 by propulsion type (ICE and electric), motorcycle type (standard, sports, cruiser, touring, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that ICE will remain the largest propulsion type segment over the forecast period due affordability, simplicity, and reliability.
Within the global motorcycle market, standard will remain the largest motorcycle type segment during the forecast period due to increasing demand for a fuel-efficient and affordable mode of transportation
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... Download sample by clicking on motorcycle market.
Asia Pacific is expected to remain the largest market in the forecast period, supported by increasing demand for vehicles well-suited for short-distance travel, providing efficient last-mile connectivity.
Honda Motor Company, Bajaj Auto, TVS Motor Company, Yamaha Motor, Suzuki Motor Corporation, Zero Motorcycles, BMW Group, Harley Davidson, Piaggio Group are the major suppliers in the motorcycle market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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