The global motorcycle market is expected to see growth in the coming years, with increasing global incomes expected to help fuel the rise. It is suggested that between the years 2011-2015 the global motorcycle market is to grow at a CAGR of 6.2%. Increased demand for fuel efficient motorcycles is also suggested to increase this growth.
The coming years will see an increased focus on the safety and environmental features of motorcycles. The technological developments of motorcycles will be driven by this need to be safe, and to be fuel efficient. The trend has already begun in the automobile sector of the industry, with hybrid and electric cars becoming much more popular and marketable.
Safety is a big feature of the European and North America motorcycle market. New, higher safety standards have been implemented, along with emissions and advanced technology, which mean that motorcycles which do not comply will not be allowed to be sold in these territories.
Demand for motorcycles in emerging countries are expected to drive growth in the global market over the coming years. As emerging countries such as China, India, Brazil and Thailand continue their grow, consumers in these countries will have increase disposable incomes in which to buy motorcycles. India is seen as one country where real progress can be made in the near future. Although India is a major motorcycle market, the motorcycle household penetration level is much lower than other emerging countries such as Indonesia and Taiwan.
For more information on the global motorcycle market, see the latest research: Global Motorcycle Market
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