North America Motorcycle Market Size, Growth, Statistics and Forecast Research Report 2022-2027
North America Motorcycle Market Overview:
A motorcycle often called a motorbike, bike, cycle, or trike, is a two-or three-wheeled motor vehicle. Motorcycle design varies greatly to suit a range of different purposes: long-distance travel, commuting, cruising, sport, and off-road riding.
The Stellar Market Research (SMR) report analyses the manufacturer's problems and market growth variables in addition to the firm's strategy, operational practises, and expansion-minded financial approach. Through flexibility and a thorough comprehension of market prospects, the needs of some clients can be satisfied. Stellar Market Research analyses the market's top competitors and overall competitive landscape. Given the situation of the industry at the time, this report on North America Motorcycle market may be helpful for structuring.
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Market Dynamics:
To accelerate market expansion are the motorbike manufacturers. The development of the anti-lock braking system has boosted motorbike sales. A surge in the use of cutting-edge technologies has increased the complexity and modernity of motorcycles in terms of safety, comfort, and luxury. As a result of technological advancements, helmet manufacturers now offer Bluetooth and hands-free features to enhance communication with other riders.
The growing economic standards changing lifestyles, and the rise in the rates of Petroleum is shifting the consumer's reference towards motorcycles which offer a great fuel efficiency in comparison to cars. The growing urbanization is also one of the most important factors that are leading to the growth of the market in this region. In 2021 the total motorcycles sales were 550.000 that is up by 9% from the previous year with sales of 361.000 units. These factors are driving the growth of the market through the forecast period.
Segmentation:
The motorcycle market is divided into six categories according to engine capacity: up to 150 CC, 151-300 CC, 301-501 CC, 501-800 CC, 801-1000 CC, 1001-1600 CC, and over 1600 CC. In 2021, the 801-1000 CC held a 31% market share, dominating the industry. This is due to the fact that some larger riders mention solely choosing an 801-1000 CC. It is, after all, more cosy. This can be due to the region's growing demand for electric motorcycles with fast speeds and extended ranges.
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Key Players:
- Yamaha (Hamamatsu, Shizuoka, Japan)
- Kawasaki (Hamamatsu, Shizuoka, Japan)
- Suzuki (Hamamatsu, Shizuoka, Japan)
- Harley-Davidson (Milwaukee, Wisconsin)
- Polaris Industries, (Inc. Medina, MN)
- Zero Motorcycles (Scotts Valley, CA)
- MSI Defense Solutions (Mooresville, NC)
COVID-19 Impact Analysis on North America Motorcycle Market:
The COVID-19 recovery phase is now complete everywhere in the world. The North America Motorcycle market is examined in light of the current economic climate in Stellar Market Research's report on the North America Motorcycle market's status, trends, and COVID-19 impact. SMR regularly evaluates the COVID-19 pandemic's effects on a variety of industries and verticals across all disciplines. The same data may be found in stellar market research (SMR) reports, and these studies can be used to determine how COVID-19 has impacted industry decline and growth. A market's supply and demand gap can be identified with the use of a stellar market research (SMR) report. The stellar market research (SMR) report contains research, updates to government regulations, and other pertinent information.
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