The Global Motorcycle And Bicycle Market Was Valued At $163 Billion In 2017 According To TBRC’s Latest Report
Asia Pacific was the largest geographic region accounting for $61.38 billion or 37.75% of the global market. China was the largest country accounting for $51.53 billion or 31.69% of the global motorcycle and bicycle market.
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The global motorcycle and bicycle market was valued at $163 billion in 2017, and is expected to be driven by Intelligent Transport Systems (ITS), a new vehicle to vehicle technology.
Asia Pacific was the largest geographic region in the market, accounting for almost two-fifth of the global market share. This is because countries in APAC are focusing on the research and development activities in the global market to bring improvisation.
The global motorcycle and bicycle market in the report is split into four segments: motorcycles and parts, bicycles and parts, motor scooters, and others.
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China was the largest country in the market, accounting for almost one-third of the global motorcycle and bicycle market share.
The top five competitors in the market are Yamaha, Honda, BMW, Harley Davidson, and Kawasaki. Yamaha was the largest player in 2017. Yamaha Motor Company Limited is a Japanese motorized vehicle-producing company. Yamaha Motor is part of the Yamaha Corporation and its headquarters is in Iwata, Shizuoka.
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The Business Research Company
Marketing TBRC
Tel: +91 8897263534
Email us
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This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results