Global Motorcycle Industry Projected Expansion
The Global Motorcycle Industry is projected to reach US$ 93.67 Billion by 2017, according to a leading global management consulting and market research firm. The consulting and marketing firm has analyzed the top five global motorcycle companies and offers its findings in a comprehensive research report in 'Top Five Global Motorcycle Companies: Performance, Strategies, and Competitive Analysis.' The consulting and marketing firm observes the evolving of the global motorcycle industry, competitive landscape, and corporate and marketing strategies adopted by the motorcycle companies as some of the factors to have remarkable impacted the global motorcycle industry dynamics.The market witnessed splendid growth during 2006 ~ 2011 but is likely to grow with reduced pace to reach an estimated US$ 93.67 billion by 2017. The competitive landscape of the global motorcycle industry has had fluctuations over the last five years which affected the top five companies.
The consulting and marketing firm also found that the market size or revenue, average operating profit, average net profit, and annual growth rate are some of the driving forces of these companies. Buyers power, degree of competition, and threats of new entrants and substitutes also affect this market,
Following are the top five companies of the global motorcycle market industry: Honda Motor Co. Ltd; Yamaha Motor Co. Ltd; Hero MotoCorp Ltd; Baja Auto Ltd; and Harley-Davidson InCorporation.
Developing regions, such as Asia and Latin America, which perceive two-wheelers as a basic mode of transportation, are expected to remain the most promising markets for scooters, light motorcycles, and mopeds. A combination of factors such as demographic condition, economic condition, and environmental regulations is seen to have important impact on market dynamics.
