Bike Sharing Trend to Underpin Motorcycle Market Growth: Fact.MR
Verfasser: ashwani_kailiya on Monday, 18 March 2019According to a recent study by Fact.MR, the motorcycle market is expected to witness steady growth during the 2017-2026 period with global sales of motorcycles estimated to reach nearly 40 million units in 2019. Development of enhanced safety mechanisms to safeguard drivers, coupled with improved suspension systems to add comfort continue to influence buying behavior. Additionally, improving road-traffic infrastructure is likely to aid in bolstering motorcycle market growth.
Higher fuel efficiency relative to other personal modes of communication is a key reason contributing to the surge in the demand for motorcycles over scooters and other two-wheelers. Fact.MR opines the factor augurs well for the standard motorcycles segment which is expected to hold over 60% of the motorcycle market share in 2019.
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