Freedonia In The News
Article Title: Global Demand for Motorcycles to Exceed 132 Million Units
Publication: Investorideas.com, 1/15/2015
Freedonia Study: World Motorcycles (3198)
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World demand for motorcycles is forecast to expand nearly six percent per annum to more than 132 million units in 2018, valued at $119.5 billion. Three major trends will drive growth: An increasing number of households in industrializing countries will be able to afford motorcycles as personal incomes rise; sales of electric bicycles (e-bikes) and other electric models outside of China are expected to climb sharply from what are currently very modest levels of demand; and markets in a number of important countries -- notably Brazil, Indonesia, Thailand, the US, and Vietnam -- will accelerate after several years of turmoil. These and other trends are presented in World Motorcycles, a new study from The Freedonia Group, Inc., a Cleveland-based market research firm.
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