The global trike market to grow at a CAGR of 13.87% during the period 2017-2021.
Global Trike Market 2017-2021 has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers the new installations/shipments/volume and retrofit/aftermarket.
According to the report, one of the major drivers for this market is trikes offer better stability compared to conventional motorcycles. Trikes are three-wheeled motorcycles, which offer high stability, as the rider does not need to put feet down while stopping. Reverse or tadpole trikes offer better stability compared to delta trikes. This feature allowed OEMs to shift toward high performance trikes, which provide increased thrust, acceleration, and more safety compared to traditional vehicles, thus working as an advantage for trikes.
The global trike market has observed high demand from those who have never ridden a motorcycle before in regions like the US, Japan, and Europe where the use of a car is high compared to motorcycles. Riding a trike is simple to learn as it does not require any kind of balance. These factors have allowed the riders to travel safely pushing the demand for trikes in household segments also.
Further, the report states that one of the major factors hindering the growth of this market is high pricing for trikes compared to traditional vehicles. The initial cost for a trike is very high compared to conventional motorcycles available in the market. Plus, trikes provide low mileage compared to traditional motorcycles. These factors act as deterrents for the global trike market.
- Bombardier Recreational Products
- Campagna Motors
- Harley Davidson
- Polaris Industries
Other prominent vendors
- Motor Trike
- Roadsmith Trikes
- Lehman Trikes
- MTC Voyager
- Tilting Motor Works
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation By End-User
Part 07: Market Segmentation By Product
Part 08: Geographical Segmentation
Part 09: Decision Framework
Part 10: Drivers And Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Key Vendor Analysis
Part 14: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/d7jq26/global_trike