Key regions: Nigeria, United States, Spain, Vietnam, Indonesia
The On-road Motorcycles market in United States is witnessing significant growth and development due to various factors. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors are all contributing to the expansion of the market.
Customer preferences: Customers in the United States have shown a strong preference for on-road motorcycles in recent years. This can be attributed to several factors, including the desire for a cost-effective mode of transportation, the thrill and excitement associated with riding motorcycles, and the increasing popularity of leisure activities such as motorcycle touring. Additionally, the flexibility and maneuverability of on-road motorcycles make them an appealing choice for urban commuting.
Trends in the market: One of the key trends in the on-road motorcycles market in the United States is the increasing demand for electric motorcycles. With the growing concern for the environment and the need for sustainable transportation options, more customers are opting for electric motorcycles. These vehicles offer lower emissions, reduced noise pollution, and lower operating costs compared to traditional gasoline-powered motorcycles. As a result, manufacturers are investing in the development and production of electric motorcycles to meet the rising demand. Another trend in the market is the integration of advanced technologies in on-road motorcycles. Features such as advanced safety systems, connectivity options, and improved performance are becoming increasingly common in new models. Customers are seeking motorcycles that offer a seamless integration with their smartphones, GPS navigation systems, and other smart devices. This trend is driving innovation and competition among manufacturers to offer the latest technological advancements in their products.
Local special circumstances: The United States has a vast and diverse landscape, which provides ample opportunities for motorcycle enthusiasts to explore and enjoy long rides. The country's extensive road network, scenic routes, and favorable weather conditions make it an ideal destination for motorcycle touring. This unique characteristic of the market contributes to the demand for on-road motorcycles, as customers seek vehicles that can provide a comfortable and enjoyable riding experience.
Underlying macroeconomic factors: The overall economic growth and stability of the United States play a crucial role in the development of the on-road motorcycles market. A strong economy, low unemployment rates, and increasing disposable income levels positively impact consumer spending on recreational activities such as motorcycle riding. Additionally, favorable financing options and easy access to credit make it easier for customers to purchase motorcycles, further driving market growth. In conclusion, the on-road motorcycles market in the United States is experiencing growth and development due to customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. The increasing demand for electric motorcycles, the integration of advanced technologies, the popularity of motorcycle touring, and the overall economic stability are all contributing to the expansion of the market.
Data coverage:
Data encompasses B2C enterprises. Figures are based on motorcycle sales and revenue excluding scooters/mopeds under 50cc category.Modeling approach / Market size:
Market sizes are determined by a Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use manufacturer websites, national statistics offices, motorcycle associations, motorcycles sales websites. Next we use relevant key market indicators and data from country-specific associations such as GDP per capita, consumer price index, consumer spending, and population. This data helps us to estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, the forecasting is done on a make level for Motorcycles, using a mix of standard approaches, e.g., exponential smoothing, and uses parameters which best fit the historical data. The main drivers are GDP per capita, consumer price index, consumer spending, and population.Additional Notes:
The market is updated once a year.
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