Growing Personal Mobility Needs Drives Demand for Motorcycles, Scooters and Mopeds, According to New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) November 12, 2014 -- Follow us on LinkedIn – The last two decades have transformed the global motorcycles, scooters and mopeds market with demand outstripping expectations. Favorable demographic trends, including growing population, increasing number of women and youngsters seeking affordable and convenient means of transportation, and growing number of “born-again” middle” aged bikers seeking to reignite the thrill of bike riding, are providing much required traction to the market. Migration of rural population to urban areas, growth in geographic expanse of urban centers and subsequent rise in mobility needs, have also played important roles in fuelling growth of powered two-wheelers. Lack of strong public transportation systems and need for cheaper and convenient transportation mode for regular urban transport, particularly in developing markets, are boosting market prospects for motorcycles, scooters and mopeds. With recent financial hardships creating a new league of cost wary consumers keen on exercising focus on cost savings and benefits, powered two-wheelers are growing in popularity for their inexpensive, convenient and environment friendly benefits offered. Improvement in availability of credit is additionally lending traction to growth.
Growing replacement needs are also expected to generate substantial demand for motor cycles, scooters and mopeds in the coming years. In addition to aging, and natural wear and tear, another factor catalyzing replacements include consumer penchant for new generation fuel efficient two-wheeler models with advanced features, attractive designs, colors and styles. Regulatory requirements pertaining to fuel efficiency and emission norms also encourage consumers to replace their existing vehicle models with new fuel efficient and environmental friendly models. Given the fact that large fleets of vehicles on road in countries such as India, China, Indonesia and Brazil are old, replacement demand for powered two wheelers is poised to grow stronger in the coming years.
As stated by the new market research report on Motorcycles, Scooters and Mopeds, Asia-Pacific represents the largest market worldwide. Huge population, burgeoning economies, growing employment opportunities, mass exodus of rural inhabitants to urban cities, particularly in China and India, are key factors fuelling growth in the region. Inadequate road infrastructure, traffic congestions, and lack of adequate public transportation additionally contributes to the region’s dominance. Europe represents one of the fastest growing markets worldwide with a CAGR of 4.8% over the analysis period.
Major players in the market include Bajaj Auto Limited, BMW Group, China Jialing Industrial Co. Ltd., Ducati Motor Holding SpA, Harley-Davidson Inc., Hero MotoCorp Limited, Honda Motor Co. Ltd., Honda Motorcycle & Scooter India (Private) Ltd., Kawasaki Heavy Industries Ltd., Lifan Industry (Group) Company, Piaggio & C. SpA, Suzuki Motor Corporation, Triumph Motorcycle Limited, Yamaha Motor Co. Ltd., and Yamaha Motor India Private Limited, among others.
The research report titled “Motorcycles, Scooters and Mopeds: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, Belgium and Rest of Europe), Asia-Pacific (China, India, Indonesia, Taiwan, Vietnam and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America) and Rest of World.
For more details about this comprehensive market 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 leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
Telephone: 408-528-9966
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Public Relations, Global Industry Analysts, Inc., http://www.StrategyR.com/, +1 408-528-9966, [email protected]
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