The global population is far from slowing down and so is the need for seamless transportation infrastructure. On the back of deficient public transport system, and pressing needs for hassle free commutation system, millennial population is fast embracing personalized mode of transportation to offset limitations associated with public commute. Significant advances in two-wheeler space has kindled adoption of diverse variants such as scooters, motorcycles, inclusive of electric and hybrid ones. These ongoing advances are projected to entail long term profits in motorcycles market.
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Significant Spike in Middle Class Population to Substantially Bolster Adoption of Motorcycles
The onward rise in growth trend is also massively shaped by growing middle class population who prefer affordable transportation system. Owing a four-wheeler can incur massive investments, in terms of initial pricing and eventual maintenance charges, besides fuel costs. Such pertinent drawbacks are significantly paving way for sustainable alternatives such as motorcycles.
To pace up with surged adoption rates, key vendors in motorcycles market industry forerunners are pegged to introduce novel product variations such as larger displacement engines and improved fuel efficiency as opposed to their smaller counterparts. Additional features such as low maintenance expenditure and improved durability are likely to entail favorable adoption rates, more emphatically amongst middle class population who represent a hefty chunk of the total global population.
Hero Xpulse Remains Much Awaited Motorcycle to Redefine Adventure Biking
In recent times adventure and off-road motorcycles have emerged as new value additions in motorcycles space, triggered by consumer preferences for adrenaline rushed adventure rides. Besides such consumer preferences, adventure, sports, and off-road bikes are becoming commonplace across countries which potentially have challenged road infrastructure.
Emerging economies such as India tend to offer a multitude of untapped market opportunities for superlative motorcycles that promise high weather conditioning and dirt barrier features. Leading veterans in motorcycle market are likely to maneuver sweeping refurbishments, thereby significantly raising the bars high. The much awaited Hero Xpulse is likely to be unrolled this year, succeeding Impulse which was one of the pioneering brands for adventure biking. These developments speak highly of the massive growth potential in motorcycle market.
Scomadi Expands its Geographical Presence with its Maiden Scooter Launch in India
Yet another enticing factor for impressive growth in motorcycles market is the steadily rising women riders. Soaring number of women workforce and college goer demographics have manifested novel growth scope for scooters. Vendors are engaged in offering superlative functional attributes that accurately align with women specific needs and expectations.
In a recent development, British scooter vendor, Scomadi is all set to expand its glosbal presence in India with the maiden launch of its scooter in the second half of 2019. The company has entered into a collaborative commercialization venture with Pune’s AJP Group. With such far flung development, motorcycles market strike promising opportunities in emerging economies across APAC.