DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/nhvpj5/india_premium) has announced the addition of the "India Premium Motorcycles Market Forecast and Opportunities, 2020" report to their offering.
India premium motorcycles market is projected to grow at a CAGR of over 27% during 2015-20
Rising number of high net worth Individuals coupled with an increasing number of premium motorcycle players focusing on setting up domestic production or assembly units in India are the major factors expected to drive the country's premium motorcycles market over the next five years. In 2014, Southern India comprising Hyderabad, Chennai, Kerala, Bangalore, etc. dominated the India premium motorcycles market, followed by Northern India. Harley Davidson Motor Company dominated the premium motorcycles market in India in 2014, however, on account of recent entry of other global giants such as Triumph Motorcycles, Indian Motorcycles and Benelli in India, Harley is expected to face stiff competition in the coming years.
Until 2011, due to high duty levied on imported premium motorcycles in India, their reach was limited to the affluent class. However, with the entry of multiple international brands such as Harley Davidson, Triumph, Hyosung and many others, India's premium motorcycles market witnessed a major turnaround with rapid increase in demand for premium motorcycles over the last three years. The country's high net worth individuals and upper middleclass section of the population was further lured with the introduction of low priced domestically assembled premium motorcycles, thereby boosting premium motorcycle sales in India. With the trend of launching new motorcycle models at comparatively lower price tags by leading global players gaining increasing traction, the India premium motorcycles market is expected to grow at a brisk pace through 2020.
India Premium Motorcycles Market Forecast & Opportunities, 2020 report discusses the following aspects:
- Grey Market Shrinking
- Increasing Biking Culture
- New Players Entering the Market
- Growing Sale of Accessories
- Upcoming Models
Key Topics Covered:
1. Research Methodology
2. Analyst View
3. India Two-Wheeler Market Outlook
4. India Premium Motorcycles Market Outlook
5. India Premium Motorcycles Market Seasonal Sale Analysis
6. India Top 8 Cities Premium Motorcycles Market Analysis
7. India 500cc to 800cc Premium Motorcycles Market
8. India 800cc to 1600cc Premium Motorcycles Market
9. India 1600cc Premium Motorcycles Market
10. India Premium Motorcycles Dealer Analysis
11. Market Dynamics
12. PEST Analysis
13. Import-Export Analysis
14. Policy & Regulatory Landscape
15. Market Trends and Developments
16. India Economic Profile
17. Competitive Landscape
- BMW Autos Private Limited
- DSK Benelli India
- DSK Hyosung Limited
- Ducati India Private Limited
- H-D Motor Company India Private Limited
- India Kawasaki Motors Private Limited
- Piaggio India Vehicle Private Limited
- Polaris India Private Limited
- Suzuki Motorcycle India Pvt. Ltd.
- Triumph Motorcycles (India) Private Limited
For more information visit http://www.researchandmarkets.com/research/nhvpj5/india_premium
