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In 2014, women owned 14% of the motorcycles that were purchased. To learn more about this report, request a free sample copy Market Research As fuel cell petroleum-electric hybrid motorcycles are further developed, the market share for hybrid vehicles of this type should increase. The moped market in Europe fell just 574 units shy of 400,000 being sold in 2017, an increase of 26% from the year before. The motorcycle industry consists of all classes of on-and-off road motorcycles including scooters and mopeds. Two Wheeler Footrest Report ... Read More, ... save countless hours of research. Harley Davidson is the global leader in the industry, with $5.6 billion in total revenues earned each year. Motorcycle companies competitive analysis market size estimates in terms of (US $) value by segments of the global motorcycle industry. Heavy IndustryTransportation & ShippingAutomotive, ... segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and ... Read More, ... Wheeler Backrest market size (most likely outcome) will be a year-over-year revenue growth rate of XX% in 2021, from US$ xx million in 2020. Players around various regions and analysis of each industry dimensions are covered under this report. 46% of current owners say that they plan to purchase a new motorcycle within the next 24 months. (ACEM), #23. Motorcycles Market Research Reports & Industry Analysis. (The Motley Fool), #10. France had 162,000 units, while Germany contributed 140,000 units. Even though Honda was the best-selling brand in 2013, motorcycle operations for the company were just 13% of its total sales. In 2014, women owned 14% of the motorcycles that were purchased. They’re promoting the fact that they have 9 bikes currently priced for less than $12,000. (Foremost Marketing Research), #28. High disposable income is expected to accelerate the demand for motorcycles in this region over the forecast period. Wyoming leads the country in per capita, at 7 motorcycles per 100 people. 10 This helps organization leaders make better decisions when currency exchange data is readily available. Harley Davidson continues to keep a 55% market share within the 35+ male rider demographic. (ACEM), #21. (Statista), #5. 1 in 3 motorcycle owners have added at least $100 in customization to their primary bike. In 2014, total motorcycle registrations in the United States reached 8.4 million, which was nearly double the number that was registered in 2000. Motorcycle Industry Analysis ATV, and Personal Watercraft Dealers Industry. 1 out of every 4 motorcycle owners lives in a household which earns $50,000, but less than $75,000 per year. and HOCO PARTS B.V.. Market Dynamics Key factors, such as ... Read More, ... Billion in the year 2020, is projected to reach a revised size of US$2.3 Billion by 2027, growing at aCAGR of 11.1% over the period 2020-2027. PESTEL stands for - Political, Economic, Social, Technological, Environmental & Legal factors that impact the macro environment of Motorcycle Holdings Limited. Motorcycles fall into the category called Recreational Vehicle, Motorcycle and Boat Retail Industry. Smaller, affordable bikes are coming for the next generation. ... Read More, ... size (most likely outcome) will be a year-over-year revenue growth rate of XX% in 2021, from US$ xx million in 2020. The national average for motorcycle sales in the United States is 3.2 bikes for every 100 people. In 2007, consumers purchased 1 million motorcycles in the United States. Home » Statistics » 34 Motorcycle Industry Statistics, Trends & Analysis. The electric scooter market is expected to exceed 41,000, while the electric motorcycle market is predicted to reach almost 28,000 vehicles by 2017. Motorcycle, Boat and Other Vehicle Dealers Industry, including Average EBITDA, Operating Ratios and Sales ... Read More, ... chain or transmission chain, is a power transmitting mechanism that consists of chain links meshed with the teeth of a sprocket gear. (Bloomberg), #19. (The Motley Fool), #13. There were also 27,000 electric mopeds sold on the continent. The Motorcycle Industry Definition Motorcycles fall into the category called Recreational Vehicle, Motorcycle and Boat Retail Industry. It features a couple of the main market drivers and investigations their effect available. These are companies that retail recreational vehicles, boats, motorcycles, jet skis, and/or related accessories. By the turn of the century, production bikes with two-cylinder engines could reach top speeds of 45 kilometers per hour. (The Motley Fool), #24. (Foremost Marketing Research), #30. Yamaha was the second-most popular brand (17%), followed by Suzuki (12%). The U.S. Market is Estimated at 24.4 Thousand Units, While China ... Read More, ... in the year 2020, is projected to reach a revised size of 59.1 Million Units by 2027, growing at a CAGR of 2.4% over the period 2020-2027. Key Findings: Motorcycle, Boat and Other Vehicle Dealers Industry (U.S.) to reach 1520324637389 million by 2027. Their marketing chief notes that the cost of their motorcycles is about the same price as a coffee. (Statista), #4. Sponsorship revenue being generated by the MotoGP partners and the teams themselves. Over the next five years the Powersports Aftermarket market will register ... Read More, ... series and the effect COVID-19 has on its preparations. The U.S. Motorcycle market size was valued at USD 8.25 billion in 2019 and it is anticipated to reach USD 12.25 billion market size by 2027 growing at a cagr of 3.2% over the forecast period. As Autoweek puts it: the motorcycle industry is losing customers; what must it do? (The Motley Fool), #25. The detailed elaboration of the Global Motorcycle Insurance Market has been provided by applying industry analysis techniques such as SWOT and Porter's five-technique. About 4,100 electric motorcycles were sold in Europe in 2017, a 20% increase from the year before. That is followed by a classic car or truck (20%), a powerboat (19%), an antique car or truck (15%), and a golf cart (14%). 63% of motorcycle owners say that they own at least one other recreational product in addition to their bike. These are companies that retail recreational vehicles, boats, motorcycles, jet skis, and/or related accessories. (USA Today) #2. Between 2011-2016, sales of motorcycles with an engine smaller than 600cc rose by 11.8%. (Foremost Marketing Research), #31. In 2015, the company achieved a 29% market share on all new motorcycle sales. (Bloomberg), #18. Honda came in second with a 14% share, followed by Yamaha at 13%. Industry Insights The U.S. motorcycle market size was estimated at USD 7.85 billion in 2016 and is anticipated to grow at a CAGR of 3.7% over the forecast period. Collectively, this research report offers a reliable evaluation of the global market to … Apart from its great technology, the brand is known for its unique style. Organizations within the motorcycle industry including manufacturers, distributors, dealers, and retailers have unique needs which require custom analytics. (The Motley Fool), #11. Market research report analyzes the market for this product sector in the U.S. and provides insights regarding factors affecting sales, consumption, and ridership trends, with topics covered in the report including market size and segmentation (e.g., on-highway, off-highway, and dual purpose), demand drivers, leading manufacturers, marketing strategies, and … The U.S. Market is Estimated ... Read More, ... 2020, is projected to reach a revised size of 1.5 Million Units by 2027, growing at aCAGR of 10.5% over the period 2020-2027. 5 Part I External Analysis When identifying and analyzing the major driving forces for change in the external environment of the motorcycle industry one must look, and identify these forces; they are the economy, national environmental forces, social, cultural, demographic forces, governmental, political forces, legal forces, and the competitive forces. In the context of China-US trade war and COVID-19 epidemic, it will have a big influence on this market. 28% of motorcycle owners in the U.S. own an ATV as well, making it the most popular additional item owned. Within the overall transportation industry, the motorcycle sector is experiencing significant revenue growth. The U.S. motorcycle market size is expected to reach USD 10.88 billion by 2025, according to a new report by Grand View Research, Inc., Increasing amount of disposable income is expected to drive the market. (The Motley Fool), #14. (Statista), #9. Most Millennials grew up on dirt bikes. Inside the industry, activities include engineering, design, technological development, and manufacturing. In 1998, just 8% of people who owned motorcycles were women. (USA Today), #3. Motorcycle Holdings Limited PESTEL analysis is a strategic tool to analyze the macro environment of the organization. At this time, it appears the only problem with electric motorcycles is the lack of speed available with them, which seems to be a function of the battery technology. Definition. In 2013, the 7 top motorcycle manufacturers sold more than 33 million bikes around the world, with the U.S. market contributing less than 2% of the total sales volume. Automobile (Car) Racing & Motor Sports Industry, including Average EBITDA, Operating Ratios and Sales ... Read More, ... save countless hours of research. A Five Forces Analysis of Harley-Davidson indicates that competition is a major force based on external factors in the motorcycle industry environment. In addition to bikes, Harley Davidson sells products related to motorcycling tailored to those who appreciate the culture and its unique brand of “freedom,” yet are not in the market for a motorcycle. 81% of owners would be classified as a heavy social media user in terms of information consumption. The second largest producer was India with 7.7 million units while Pakistan came at number seven with a production of 751,000motorcycles or about 2% of the global total. Protective Gears, one of the segments analyzed in the report, is projected to ... Read More, ... 2020, is projected to reach a revised size of 231.5 Thousand Units by 2027, growing at a CAGR of 15.4% over the period 2020-2027. Compare that to a modern Harley Davidson, which offers a four-valve engine and 100 horsepower, and you can see how far the motorcycle industry has come in such a short time. Regional analysis: global motorcycle industry breakdown by key regions (e.g., North America, Europe, APAC and ROW) Motorcycle companies competitive analysis market trends, drivers and forecasts The U.S. Motorcycle Market Growth & Trends. Over $1.8 billion in U.S. motorcycle exports are sent to the rest of the world annually. 4% report owning three motorcycles, while 2% say that they own four. Commuter Motorcycles, one of the segments analyzed in the report, is projected to record 13.9% ... Read More, ... projected to reach a revised size of US$13.2 Billion by 2027, growing at a CAGR of 4.9% over the analysis period 2020-2027. Competitive Analytics serves the motorcycle industry by providing comprehensive business intelligence solutions, what-if forecasting, predictive modeling, supply chain optimization, sales analytics, performance analytics, demand forecasting, cost minimization, and Keynote presentations for the industry. (Foremost Marketing Research), #29. California has the most registrations for motorcycles in the United States, averaging 842,000 per year. Initially, fast reading without taking notes and underlines should be done. Italy was the largest market in Europe, with 204,000 units sold. More than 1 million registrations for motorcycles occurs in Europe each year. Not just bikes, the brand makes other … (Bloomberg), #20. The average age of a motorcycle rider in the United States is 47. Sport bikes (35%) and Cruisers (29%) make up the majority of bike ownership in the U.S. right now. Apr 15, 2021 (The Expresswire) -- "Final Report will add the analysis of the impact of COVID-19 on this industry." Over 13 million of those bike sales, however, were in Asia. Market growth will be driven by state incentives and regulations, fuel costs and improving consumer perception. 74% of the motorcycles that were sold in the U.S. were on-highway bikes, with all motorcycles in the country representing 3% of total vehicle registrations. “ Global Motorcycle Market 2020 ” provides in-depth analysis of the current and upcoming market and synopsis of product type, specification, product innovation, and production analysis considering major key factors, like Cost, Revenue, Gross, and Gross Margin and provides the entirely analysis of “ Motorcycle Market ” using manufacturing process, price analysis and SWOT analysis (Strength, … 2 One of the few companies see an increase in sales, Polaris, experienced 20+% growth for its Indian brand of motorcycle, though the company holds a 4.4% market share. ... Read More, ... and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, ... Read More, ... COVID-19 Market Statistics: The report provides market sizing and forecast across five major currencies - USD, EUR GBP, JPY, and AUD. Eight motorcycle manufacturers currently control 81% of the U.S. industry. One way the industry could begin to bring customers back into the fold is to offer more entry-level motorcycles which are affordable to the average customer. The real question is this: with everyone recognizing that they need more people at an entry-level stage, which brand will come out on top? Explore Persistence Market Research’s expertise in promulgation of the business ! Porter’s Five Forces Analysis of Yamaha (Five Forces in the Motorcycle Industry) Yamaha is among one of the most famous bike makers of the world. 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Motorcycle Industry in the United States - statistics & facts Published by I. Wagner, Oct 8, 2020 Consumers in the United States bought some 472,000 … In 2017, there were 913,000 motorcycles registered, representing a decline of 9.5% from the year before. ", 51 Catchy Cloud Storage Slogans and Taglines, BMW SWOT Analysis Matrix: Opportunities and Weaknesses, Coca-Cola SWOT Analysis Matrix: Opportunities and Weaknesses, Amazon SWOT Analysis Matrix: Opportunities and Weaknesses, Harley Davidson SWOT Analysis (2021): 27 Strengths and Weaknesses, Airbnb SWOT Analysis (2021): 30 Big Strengths and Weaknesses, Fitbit SWOT Analysis for 2021: 25 Biggest Strengths and Weaknesses. Crucial information about market remuneration, production patterns, manufactured products, and company profile, is enclosed in the report. The Motorcycle Industry. As of 2015, the motorcycle industry employed over 81,000 people, contributing over $24 billion in economic value. Key Findings: Automobile (Car) Racing & Motor Sports Industry (U.S.) to reach 5330807078 million by 2027. They want something light, fast, and works with their student loan payments. In particular, motorcycle sales in Asia will be driven by: 1. Latest research on Global Electric Motorcycle Helmet Market report covers forecast and analysis on a worldwide, regional and country level. The study provides historical information of 2016-2021 together with a forecast from 2021 to 2026 supported by both volume and revenue (USD million). https://store.mintel.com/. Honda sold 15.4 million motorcycles in 2013 when scooters and mopeds are included with the figures. (The Motley Fool), #12. next >, Receive bi-weekly email alerts on new research. The "Global motorcycle helmets Market Analysis to 2027" is a specialized and in-depth study of the food and beverage industry with a particular focus on the global market trend analysis. This report includes a wealth of information on the financial trends over the past four years. 9 In 2017, Asia was responsible for 80% of worldwide motorcycle sales, which were generated not only in larger markets like China and India, but in smaller markets like Indonesia, Malaysia, Myanmar, Pakistan, the Philippines, South Korea, Taiwan, and Thailand. Although California has the most registrations, its per capita ratio is just 2.9 bikes for every 100 people. Newer electric motorcycles are increasing in popularity thanks to their quieter operation and smaller carbon footprint. Motorcycle Industry Analysis Harvard Case Study Solution and Analysis of READING THE HARVARD CASE STUDY: To have a complete understanding of the case, one should focus on case reading. Over the next five years the Two Wheeler Backrest market will ... Read More, ... growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations. These vehicles are divided into categories according to: fuel type (traditional gasoline vs. electric), road types (wheelbase vs. sport bikes), and the number of wheels (two vs. three). 6 Electric-Motorcycle-Helmet-Market. Looking at the cost of COVID-19 has had on the series, particularly from a ... Read More, ... in two wheelers is usually used for the convenience, safety and comfort. In 1998, just 8% of people who owned motorcycles were women. The growing adoption of electric motorcycles and of the increasing trend of moto vlogging is anticipated to support the US motorcycle market growth. On the global market, the industry is characterized by the slow diversification of demand for new fuel types and by new geographic regions affected. (The Motley Fool), #26. Gottlieb Daimler and Wilhelm Maybach became the first to build a motorcycle in 1885. The U.S. Market is Estimated at 13.5 Million ... Read More, ... on the top 120 companies, including BIKE IT INTERNATIONAL LIMITED, ELIT CZ, S.R.O. Motorcycles - US. 1 Motorcycle Sensors Market Industry Analysis This study identifies the growing adoption of advanced safety and comfort systems in the motorcycle industry as … (The Motley Fool), #17. From Disabled and $500k in Debt to a Pro Blogger with 5 Million Monthly Visitors, 34 Motorcycle Industry Statistics, Trends & Analysis, 29 Powersports Industry Statistics, Trends & Analysis, Harley Davidson SWOT Analysis (2021): 27 Strengths…, 401 Best Catchy Motorcycle Business Names, "From Disabled and $500k in Debt to a Pro Blogger with 5 Million Monthly Visitors. During the same 5-year period, the larger, more powerful bikes saw a gain of just 7.4%. The report envelops a few factors that have added to the development of the market lately. (Statista), #6. Inside the industry, activities include engineering, design, technological development, and manufacturing. Florida contributes another 580,000 registrations for the U.S. motorcycle industry each year. The motorcycle manufacturing industry in the United States generates $4.4 billion in revenues each year. 4 In 1990, the average age of a rider was 32. This Motorcycle Sensors report begins with a basic overview of the market. Purchasing a heavy bike for the highway doesn’t interest them. In Hoover’s classification, based on the North American Industry Classifications System (NAICS) and the older U. S. Standard Industrial Classification (SIC) system, motorcycles fall under a smaller subcategory called Motorcycle, ATV, and Personal Watercraft Dealers Industry. 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