DUBLIN--(BUSINESS WIRE)--The "Motorcycle and Bicycle Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.
Major companies in the motorcycle, bicycles and parts market include Yamaha; Honda; BMW; Harley Davidson and Kawasaki.
The global motorcycle and bicycle market is expected to grow from $74.36 billion in 2020 to $78.3 billion in 2021 at a compound annual growth rate (CAGR) of 5.3%.
The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $109.74 billion in 2025 at a CAGR of 9%.
The motorcycle, bicycles and parts market consists of sales of motorcycle, bicycles and parts and related services by entities (organizations, sole traders and partnerships) that produce motorcycles, scooters, tricycles and similar equipment and parts. The motorcycle and bicycle market is segmented into motorcycles and parts; bicycles and parts; motor scooters and other motorcycle and bicycle.
Asia Pacific was the largest region in the global motorcycle and bicycle market, accounting for 42% of the market in 2020. North America was the second largest region accounting for 20% of the global motorcycle and bicycle market. Africa was the smallest region in the global motorcycle and bicycle market.
Bicycle manufacturers are increasingly investing in the manufacture of electric bicycles that operate using rechargeable batteries. These electric bicycles serve as an eco-friendly, low cost mode of transportation and can also be used for recreational bicycle trips, shopping and errands. Major players are also investing in new electric bicycles equipped with internet and GPS features.
For instance, in 2019, Hero Cycles, a manufacturer of bicycles and bicycle related products, in partnership with Yamaha Motor Company launched its e-cycle named Lectro EHX20. Similarly, USA based bike manufacturer Bulls, launched three light-weight electric bicycles in 2020.
Advances in technology are expected to be a continued driver of market growth in the forecast period. The global motorcycle and bicycle manufacturing industry has experienced many technological advances in the last decade and this trend is expected to intensify.
According to Forbes, the ten new features to expect in vehicles by 2020 include autonomous driving, driver override systems, biometric vehicle access, comprehensive vehicle tracking, active window displays, remote vehicle shutdown, active health monitoring, four-cylinder supercars, smart and personalized in-car marketing and reconfigurable body panels. These innovations are expected to drive the motorcycle and bicycle market during the forecast period.
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Motorcycle and Bicycle Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Motorcycle and Bicycle Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Motorcycle and Bicycle Market Supply Chain
5.1. Supply Chain
5.3. End Customers
6. Motorcycle and Bicycle Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Motorcycle and Bicycle Market Trends and Strategies
8. Impact of COVID-19 on Motorcycle and Bicycle
9. Motorcycle and Bicycle Market Size and Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers of the Market
9.2.2. Restraints on the Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers of the Market
9.3.2. Restraints on the Market
10. Motorcycle and Bicycle Market Regional Analysis
10.1. Global Motorcycle and Bicycle Market, 2020, by Region, Value ($ Billion)
10.2. Global Motorcycle and Bicycle Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region
10.3. Global Motorcycle and Bicycle Market, Growth and Market Share Comparison, by Region
11. Motorcycle and Bicycle Market Segmentation
11.1. Global Motorcycle and Bicycle Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Motorcycles and Parts
- Bicycles and Parts
- Motor Scooters
- Other Motorcycle and Bicycle
11.2. Global Motorcycle and Bicycle Market, Segmentation by Distribution Channel, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Independent Retailers
- Online Sales
12. Motorcycle and Bicycle Market Metrics
12.1. Motorcycle and Bicycle Market Size, Percentage of GDP, 2015-2025, Global
12.2. Per Capita Average Motorcycle and Bicycle Market Expenditure, 2015-2025, Global
- Harley Davidson
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