Blog

Apr 29, 2023

Revving Up the Market: Conventional Motorcycles and Scooters Set to Reach US$ 192,590.0 Million by 2032 at a CAGR of 3.8%

The global conventional motorcycles and scooters market is projected to reach a

The global conventional motorcycles and scooters market is projected to reach a valuation of US$ 192,590.0 Million by 2032. The market is anticipated to grow at a CAGR of 3.8% between 2022 and 2032. The conventional motorcycles and scooters market is set to be valued at US$ 132,635.6 Million in 2022.

Request a Sample of this Report:https://www.futuremarketinsights.com/reports/sample/rep-gb-4752

Product Type – Standard Motorcycles Popular in the Conventional Motorcycles Market

Standard motorcycle sales are predicted to increase by a significant 390 BPS by the end of the forecast period due to their high popularity. This is partly due to their affordability, which makes lower-middle class and middle-class clients desire them. In terms of absolute dollar opportunity, standard motorcycle sales make up about half of the global market for conventional motorcycles.

Product Type – Standard Scooters Dominate the Conventional Scooters Market

Standard scooters are popular among children, ladies, and older folks since they are simple to use and convenient to ride. By the end of 2027, the number of conventional scooters is anticipated to surpass 26 million units. For the decadal research, there is an additional market opportunity for standard scooters of roughly US$ 16 billion.

Engine Capacity – Minimum Capacity Motorcycles Have Maximum Volume

More than 3/4 of the market for conventional bikes is currently occupied by motorcycles with a cubic capacity of less than 150 CC, and it is anticipated that they will continue to hold this dominant position. These motorcycles are able to blend performance and fuel efficiency in a way that gives their riders the best of both worlds.

Engine Capacity – Up to 150 CC Scooters Largest Conventional Scooters Market Segment

Scooters with a cubic capacity of less than 150 CC are the focus area for key stakeholders in the conventional scooters market as they are able to eke out the maximum fuel efficiency for every drop of fuel. The less than 150 CC scooter segment is on track to record a CAGR of 4.3% from 2017-2027.

Region – APEJ Motorcycles Market Races Ahead in the Conventional Motorcycles Market

The fast-growing, dynamic economies of China, India, and Indonesia have millions newly entering the middle class and seeking out a means of personal mobility. These customers naturally gravitate towards motorcycles leading to this region being the most important by a considerable margin in the conventional motorcycles market. With unit sales approaching 43 million units by 2027, it is not surprising to see why.

Region – APEJ Scooters Market Largest in Conventional Scooters Market

The APEJ scooter market is larger than all other regions combined in the conventional scooters market and it is imperative that companies have a foothold in this crucial region. The highest growth is projected to be in the APEJ region causing its market share to rise from 87% to 89% by the end of the forecast period. All other regions should only grow by a single percentage point or lesser.

We Offer tailor-made Solutions to fit Your Requirements, Request Customization: https://www.futuremarketinsights.com/customization-available/rep-gb-4752

Conventional Motorcycles and Scooters Market Taxonomy

Conventional Motorcycles Market

Conventional Scooters Market

Region

Direct Purchase of this Report:https://www.futuremarketinsights.com/checkout/4752

Conventional Motorcycles and Scooters Market: Competition Dashboard

Future Market Insights has profiled some of the most prominent companies active in the conventional motorcycles and scooters market. These include Yamaha Motors Co., Piaggio, Suzuki Motor Corporation, Honda Motor Co., Hero Motocorp, Eicher Motors, Harley-Davidson, Bajaj Auto, TVS Motor Company, Lifan Industry, Ducati Motor Holding, KTM, Triumph Motorcycles, Kwang Yang Motor Co., Syarikat Motosikal dan Enjin Nasional Sdn. Bhd., Sanyang Motor Co., Walton Group, QianJiang Group Co., Luoyang Northern Ek Chor Motorcycle Co., and Chongqing YinXiang Motorcycle.

Important Insights on the Conventional Motorcycles and Scooters Market

The bulk of the activity is seen in the APEJ region as a massive middle class is gravitating towards conventional motorcycles and conventional scooters because of their convenience and cost-effectiveness over four-wheelers. Large players are entering into tie-ups with local distributors and vendors to cater to the demand from far-flung areas, thereby expanding their potential customer base.

About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.Christiana Corporate,200 Continental Drive,Suite 401, Newark,Delaware – 19713, USAT: +1-845-579-5705For Sales Enquiries: [email protected] latest Market Reports: https://www.futuremarketinsights.com/reportsLinkedIn | Twitter | Blogs