REPORT HIGHLIGHT The motorcycle market is estimated to represent a global market of USD 70.23 billion by 2017 with growth rate of 3.8%. Market Taxonomy Global motorcycle industry covers market study for on- and off-road motorcycles, scooters, and mopeds. Market Dynamics Increasing disposable income of people is likely to boost the number of customers for a motorcycle. According to the International Organization for Migration (IOM), around 80% of the population in North America are living in the urban areas. It is estimated that around 3 million people have migrated to large-sized cities in 2017. Due to this fact, the number of motorcycle registrations in the U.S. has increased considerably over the past few years. For instance, according to the U.S. Department of Transportation, in 2017, around 8,600,000 motorcycles were registered in the U.S., up more than 22% compared to the 2006 vehicle registration. It is noted that sales of new street-legal motorcycles have increased more sharply over the past few years in the country. Furthermore, key players operating in this country are actively involved in the introduction of a new and different variety of motorcycles which suite the rider, with a view to attracting more customers. For instance, companies are offering fuel-efficient motorcycle engines in comparison to automobiles with low cost and easy to operate features that make the motorcycle a desirable product for purchase. However, strict regulations regarding emissions from motorcycles is anticipated to hamper the market growth. Products Takeaway In terms of products, the industry is categorized into motorcycles, mopeds, and others. Motorcycle segment captured highest, i.e. above 70%, share of the overall market owing to the rising demand and uptake of motorcycles coupled with growing number of key players. Regional Takeaway Regionally, Asia Pacific accounted for the highest share of the worldwide market. Large population base, rising per capita income coupled with growing demand for advanced motorcycles have surged the market demand for these products in Asia Pacific region. On another side, developed regions such as North America and Europe accounted for the significant revenue share owing to the rising demand for hi-tech advanced motorcycles among customers. Key Vendor Takeaway The degree of competition in global motorcycle market is considered to be strong. Companies such as Harley Davidson, Honda Motor, Kawasaki, Yamaha, and Honda is profiled in detail with attributes such as company overview, financial highlight, and key development. Honda has emerged as the leading player in the global market, generated more than 25% revenue share of the market’s value. The industry is mainly concentrated with the top four to five players, holding more than 50% revenue share. These key players have developed their own niche market and their products, despite the fact that they often fulfill the same functions, are identical to the products of competitors. In the motorcycle industry, competition is not based on the product price and this factor usually has low priority in competition between global brands. The market size and forecast for each segment and sub-segments has been considered as below: Historical Year – 2017 – 2021 Base Year – 2021 Estimated Year – 2022 Projected Year – 2028 TARGET AUDIENCE Traders, Distributors, and Suppliers Manufacturers Government and Regional Agencies and Research Organizations Consultants Distributors SCOPE OF THE REPORT The scope of this report covers the market by its major segments, which include as follows: MARKET, BY PRODUCT Motorcycles Mopeds Others MARKET, BY REGION North America U.S. Canada Europe Germany France Rest of Europe Asia Pacific India China Rest of APAC Rest of the World Middle East and Africa Latin America