Motorcycle market, there will be progressive growth until 2018

Motorcycle Market – The demand of the motorcycle market worldwide is expected to expand by 6% per year, equivalent to over 132 million units in 2018, for a total value of 120 billion dollars. At least according to the 502-page market research conducted by ReportsnReports.com. THE big trends that will drive growth until 2018 will be four.

A growing number of households in industrialized countries will be able to afford a motorcycle thanks to the increase in personal income. Sales of e-bike and other electric models are projected towards a further increase. Motorcycle sales in a number of countries will be spurred by government programs aimed at reducing environmental pollution caused by cars. The market anticipations a number of markets considered important such as Brazil, Indonesia, Thailand, the United States and Vietnam will accelerate. However, further earnings may be missing from the end slowdown in growth in China, the world's largest market for motorcycles, due to the large number of motorcycles already in use and, furthermore, consumers' replacement of motorcycles with lighter vehicles, again in China and other industrialized countries.

Asia/Pacific it is by far the largest regional market. Motorcycles are seen as one convenient alternative to public transport, which is often unreliable and has problems with overcrowding. Furthermore, motorcycles are widely used for business activities of the region and, as living standards in the area continue to improve, an increasing number of families will be able to afford more motorcycles. Among the nations recording the fastest growth are Pakistan, the Philippines, Indonesia, India, Burma, Malaysia and Thailand.

While North America and Western Europe accounted for only three percent of the global motorcycle market in terms of units in 2013, these regions accounted for 16 per cent of all product demand in terms of value due to the popularity of mid-sized motorcycles, motorcycles considered “heavy” and other more expensive models. Both Western Europe and North America are projected into recording rapid growth until 2018, with sales of electric models and demand for internal combustion engines (ICE) dramatically increasing.

From the 2008 demand for e-bikes has risen at a double-digit annual rate in many industrialized countries, notably Germany and the Netherlands, and this trend is expected to continue. E-bikes are becoming increasingly popular because they are a convenient alternative to bicycles, especially among older people, and are also more environmentally friendly than ICE motorbikes.