Motorcycles, Scooters & Mopeds: A Global Strategic Business Report
San Jose, CA (PRWEB) March 10, 2008
World market for Motorcycles, Scooters & Mopeds is forecast to maintain a high CAGR of about 9.5% over 2001-2010 and reach nearly 62 million units by the end of 2010. With a massive share estimated at just over 84% in 2007, Asia-Pacific represents the largest market for Motorcycles, Scooters & Mopeds, worldwide. The region is also forecast to emerge as the fastest growing, with a CAGR of over 10.7% over 2001-2010.
In terms of segment, Motorcycles, with an estimated 69% of total sales in 2007, dominate the global Motorcycles, Scooters & Mopeds market. The segment is also expected to take the lead in terms of growth rate, with a projected CAGR of 12.22% over the 2001-2010 analysis period. Other segments covered include Scooters and Mopeds.
Global motorcycles, scooters and mopeds market measured in volume terms is undoubtedly going Asia's way, with a massive 84% of the total market concentrated in the Asia-Pacific region. Rising population, supported by increasing spending power, is paving way for a massive market for two-wheelers in the Asian region, more so in case of the highly lucrative Indian and Chinese markets. Developing nations in Asia and Latin America, which perceive two-wheelers as a basic mode of transportation, are expected to remain the most promising markets for scooters, light motorcycles and mopeds. Besides, the market for automatic transmission vehicles and scooters is experiencing significant growth owing to growing demand from female consumers.
Why are motorcycles so popular? Is it because they are classy, or convenient? Epitomizing individual fashion statements, motorcycles have always garnered awe-inspiring looks. Connoisseurs of motorcycles would not differ. Making a personal statement, the sleek models generate a wave of excitement through everyone's heart. From the streets of Bangkok to Amsterdam, one finds a motorcyclist zipping past on a sleek model. The popularity of these versatile machines is breath taking. Revered by motor enthusiasts, motorcycle is a blend of class, quality and efficiency. Looking at the slew of utility that is extracted through this vehicle, one hardly needs to say anything more.
Motorcycling is an individual fashion statement to many. Ushered in the North American continent, this fashionable trend caught on with the Japanese and Europeans. Evolving over the years, the motorcycle has come to signify a way of life in the industrialized countries. Popularized by the leading brands Harley-Davidson, Triumph and BMW, the market saw the association of cult status with the premier brands. The rebellious attitude and the unconventional affiliation added a charm of its own to the motorcycle. Generations of bikers grew up associating themselves with premier brands. Legends were passed on from generation to generation. The passage of time has not withered away the level of excitement that is associated with the motorcycle brands. Mention any of the popular brands, be it Harley, BMW, Honda, Yamaha or Suzuki in any part of the world, it still generates the same level of enthusiasm as one anticipates in the developed world.
Major companies covered include Bajaj Auto Limited, BMW Group, China Jialing Industrial Co. Ltd, Chongqing Lifan Hongda Industry (Group) Co. Ltd, Ducati Motor Holding SpA, Harley-Davidson, Inc, Hero Honda Motors Limited, Honda Motor Co., Ltd, Hyosung Motors & Machinery Inc, Kawasaki Heavy Industries Ltd., Piaggio, Suzuki Motor Corporation, Triumph Motorcycle Limited and Yamaha Motor.
"Motorcycles, Scooters & Mopeds: A Global Strategic Business Report", published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, recent developments, mergers, acquisitions, profiles of major players and other strategic industry activities. Analysis is presented for major geographic markets such as US, Canada, Japan, France, Germany, Italy, the UK, Spain, Belgium, Asia-Pacific, and Latin America. Analytics for the period 1994 through 2015 are provided in terms of Product segments including Motorcycles, Mopeds, and Scooters.
For more details about this research report, please visit http://www.strategyr.com/Motorcycles_Scooters_And_Mopeds_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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