Motorcycle Market: Burgeoning Sales of Standard Bikes to Underpin Demand for Engines with up to 150cc Capacity
May 17, 2019 by Steve Blade
With modernization and urbanization reaching unprecedented levels, road congestion has become a 21st century peril. Heavy traffic is linked with safety risks, air pollution and losses with respect to sustainable growth, economic competitiveness and social cohesion. Clampdown on traditional car use has not been more up-and-coming and viable at present than the shared use of mobility resource—bike sharing.
Bike sharing has hogged limelight riding high on flexibility, reduction to vehicle emissions, health benefits, reduced fuel consumption and congestion and financial savings. Accordingly, bike sharing which has acted as a door opener increased motorbike use is slated to undergird the motorcycle market.
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Motorcycles have amassed popularity as a form of transportation and recreation for decades. Increasing number of people are doing away with their four-wheeled vehicles and welcoming life on two wheels. In addition, motorcycles have fewer emissions vis-à-vis other vehicles and with escalating parking concern, motorcycles have had edge over four wheelers. Moreover, insurance costs for motorcycle is relatively less than for cars, thereby saving the drivers from high insurance costs.
Acknowledging these facets of motorcycle, Yamaha Motor Corp recently invested USD 150 million in Grab—a bike rental service operational in Thailand, Vietnam and Indonesia. Going by the deal inked, Yamaha and Grab are set to work on manufacturing affordable motorcycle models for people who are keenly interested in bike rental service. Being on the same page, BMW rolled out its own bike rental service in Germany, Austria and France. With dipping motorcycle sales, bike rentals is proving to be a blessing in disguise for the motorcycle manufacturers.
Several studies and pundits have sworn by motorcycles to curb stress levels and bolster concentration levels. Manufacturers, as such, are profoundly promoting motorcycle rides as a form of resuscitation and relaxation. In addition, the use of motorcycles to promote tourism is gaining grounds in the recent past.
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Motorcycle Market: Overview
The intelligence report on the motorcycle market is undergirded by quantitative and qualitative analysis. In addition, the report throws light on the dynamics in the market which have bearing on the growth of the motorcycle market, incorporating drivers, trends, restraints, and opportunities. In addition, the report also delineates segmentation to showcases a comprehensive analysis of the motorcycle market.
The report does the benchmarking to compare the performance of the business products and processes with the best performances of other companies both inside and outside the industry in quest for superior performance.
The comprehensive assessment of the competitive landscape of the motorcycle market relies on Porters’ Five Force Analysis. In addition, the Porters’ Five Force Analysis delineates the strategies of the leading players in the motorcycle market. The in-depth analysis of the pertinent players and their business strategies are propelled by SWOT analysis, company profile, product portfolio and recent development.
Motorcycle Market: Key Insights
Motorcycle Market – Competitive Landscape
Other leading players operating in the motorcycle market include Kawasaki Heavy Industries, Ltd., Triumph Motorcycles Limited, Lifan Industry (Group) Co., Ltd, TVS Motor Company Limited, Eicher Motors Limited, Suzuki Motor Corporation, Honda Motor Company, Limited, Hero MotorCorp Limited, Polaris Industries Inc., and Bayerische Motoren Werke AG.
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