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British Colombia Motorcycles Market Research Report Forecast till 2032
Market Report I 2024-04-21 I 138 Pages I Market Research Future
British Colombia Motorcycles Market Research Report Forecast till 2032
Market Overview
British Colombia Motorcycles Market is expected to register a CAGR of 5.3% during the review period. A motorcycle is a two-wheeled engine vehicle designed for transportation and recreational purposes. It ordinarily features a powerful engine, handlebars for steering, and a saddle for the rider. Motorcycles offer an efficient and maneuverable mode of travel, often used for driving, visiting, and leisure riding. They come in different types, for example, sport bikes, cruisers, and professional bikes, catering to diverse preferences. With their spryness and speed, motorcycles provide an exhilarating and distinctive means of personal transportation.
According to Investigator at MRFR, "A wide spectrum of people are contemplating purchasing a motorcycle to travel to college, the office, or to work for the new and quickly expanding category of delivery young men, who use bikes to rapidly deliver everything from food to merchandise. Colombian domestic sales are being driven by increased per capita income and a varied range of models accessible at all prices focuses in all categories, and sales are increasing."
The connected motorcycle is becoming more and more famous; an invention makes moving around more intelligently possible. Moreover, networking features added to a motorcycle through connectivity arrangements increase riding solace and safety. A connected motorcycle's security, solace, and safety features are tracked by the connectivity system. These features include emergency call, tire pressure observing, keyless bike beginning, advanced light and heat management, from there, the sky is the limit. It is possible to coordinate smartphones or music players with motorcycles so the rider can use them for streaming music and route. These devices are directly controllable by the rider from the dashboard.
The connected motorcycle market is expected to expand due to the increasing prominence of connectivity arrangements in vehicles and the safety features of connected motorcycles. The connected motorbike market is anticipated to have major areas of strength for an of expanding during the projected period due to the use of 5G connectivity to help connected portability.
Market Segmentation
Based on the Type, the market is classified into Standard, Cruiser, Dual-Sport & Adventure, Touring, Off-Road, Three-Wheeler, Others.
Based on Engine Displacement, the British Colombia Motorcycles market is categorized into Up to 150 cc, 151-300 cc, 301-500 cc, 501-800 cc, and 801-1000 cc.
Based on Pricing, the British Colombia Motorcycles market is divided into Entry Level Motorcycles, Mid-Level Motorcycles, High End Motorcycles.
Major Players
Harley Davidson, PIERER Mobility AG, Suzuki Motor Corporation, Honda Motor Co., Ltd., Yamaha Motor Co., Ltd., BMW Motorrad, MV Agusta, Bombardier Recreational Products (BRP), Triumph Motorcycles Ltd., Ducati Motor Holding S.p.A., Royal Enfield, Piaggio Group, and Polaris Industries Inc. are some of the major companies in the motorcycle market.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 20
2 MARKET INTRODUCTION 22
2.1 DEFINITION 22
2.2 SCOPE OF THE STUDY, 22
2.3 RESEARCH OBJECTIVE 22
2.4 MARKET STRUCTURE 23
3 RESEARCH METHODOLOGY 24
3.1 OVERVIEW 24
3.2 DATA FLOW 26
3.2.1 DATA MINING PROCESS 26
3.3 PURCHASED DATABASE: 27
3.4 SECONDARY SOURCES: 28
3.4.1 SECONDARY RESEARCH DATA FLOW: 29
3.5 PRIMARY RESEARCH: 30
3.5.1 PRIMARY RESEARCH DATA FLOW: 31
3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED 32
3.6 APPROACHES FOR MARKET SIZE ESTIMATION: 33
3.6.1 REVENUE ANALYSIS APPROACH 33
3.7 DATA FORECASTING 34
3.7.1 DATA FORECASTING TECHNIQUE 34
3.8 DATA MODELING 35
3.8.1 MICROECONOMIC FACTOR ANALYSIS: 35
3.8.2 DATA MODELING: 35
4 MARKET DYNAMICS 38
4.1 INTRODUCTION 38
4.2 DRIVERS 39
4.2.1 INCREASING POPULARITY OF ADVENTURE RIDING 39
4.2.2 GROWING POPULARITY OF SPORTS BIKES AMONG THE YOUTHS 39
4.2.3 RAPID URBANIZATION FUELING THE DEMAND FOR MOTORCYCLES 40
4.3 RESTRAINTS 41
4.3.1 SAFETY CONCERNS ASSOCIATED WITH MOTORCYCLE RIDING 41
4.4 OPPORTUNITY 42
4.4.1 RAPID GROWTH OF ELECTRIC MOTORCYCLE MARKET 42
4.4.2 GROWING POPULARITY OF MOTORCYCLE TOURISM 42
4.4.3 TECHNOLOGICAL ADVANCEMENTS IN MOTORCYCLE 43
4.5 CHALLENGE 43
4.5.1 RISING COSTS OF MATERIALS 43
4.6 COVID-19 IMPACT ANALYSIS 44
4.6.1 IMPACT ON MOTORCYCLE DEMAND AND SALES 44
4.6.2 IMPACT ON SUPPLY CHAIN DISRUPTIONS 44
4.6.3 IMPACT ON IMPORT/EXPORT 45
4.6.4 YOY GROWTH 2020-2022 45
4.7 MARKET & TECHNOLOGY TRENDS 45
4.7.1 GROWING POPULARITY OF CONNECTED MOTORCYCLE 45
4.7.2 AR HELMETS 46
4.7.3 MOTORCYCLE SECURITY SYSTEMS 46
4.7.4 LIQUID COOLING 46
5 MARKET FACTOR ANALYSIS 47
5.1 SUPPLY CHAIN ANALYSIS 47
5.1.1 DESIGN & DEVELOPMENT 48
5.1.2 RAW MATERIAL/COMPONENT SUPPLY 48
5.1.3 MANUFACTURE 48
5.1.4 DISTRIBUTION 48
5.1.5 END USE 48
5.2 PORTER'S FIVE FORCES MODEL 49
5.2.1 THREAT OF NEW ENTRANTS 49
5.2.2 BARGAINING POWER OF SUPPLIERS 50
5.2.3 THREAT OF SUBSTITUTES 50
5.2.4 BARGAINING POWER OF BUYERS 50
5.2.5 INTENSITY OF RIVALRY 50
5.3 MARKET SWOT ANALYSIS 51
5.4 MARKET PESTEL ANALYSIS 51
5.4.1 POLITICAL FACTORS: 51
5.4.2 ECONOMIC FACTORS: 51
5.4.3 SOCIAL FACTORS: 51
5.4.4 TECHNOLOGICAL FACTORS: 52
5.4.5 LEGAL FACTORS: 52
5.4.6 ENVIRONMENTAL FACTORS: 52
5.5 REGULATORY FRAMEWORK 52
5.6 CONSUMER BEHAVIOUR ANALYSIS 53
6 BRITISH COLUMBIA MOTORCYCLE MARKET, BY TYPE 55
6.1 OVERVIEW 55
7 BRITISH COLUMBIA MOTORCYCLE MARKET, BY PROPULSION TYPE 58
7.1 INTRODUCTION 58
8 BRITISH COLUMBIA MOTORCYCLE MARKET, BY ENGINE DISPLACEMENT 60
8.1 INTRODUCTION 60
9 BRITISH COLUMBIA MOTORCYCLE MARKET, BY PRICING 63
9.1 INTRODUCTION 63
10 COMPETITIVE LANDSCAPE 65
10.1 INTRODUCTION 65
10.2 MARKET SHARE ANALYSIS, 2022 65
10.3 COMPETITOR DASHBOARD 66
10.4 KEY DEVELOPMENTS & GROWTH STRATEGIES 67
10.4.1 PRODUCT LAUNCH/PRODUCT APPROVAL/PRODUCT DEVELOPMET 67
10.4.2 MERGER AND ACQUISITION/OTHERS 72
10.4.3 PARTNERSHIP/INVESTMENT/COLLABORATION/EXPANSION 73
11 COMPANY PROFILE 75
11.1 HARLEY-DAVIDSON, INC. 75
11.1.1 COMPANY OVERVIEW 75
11.1.2 FINANCIAL OVERVIEW 76
11.1.3 PRODUCTS OFFERED 77
11.1.4 KEY DEVELOPMENTSS 78
11.1.5 SWOT ANALYSIS 79
11.1.6 KEY STRATEGIES 79
11.2 PIERER MOBILITY AG 80
11.2.1 COMPANY OVERVIEW 80
11.2.2 FINANCIAL OVERVIEW 81
11.2.3 PRODUCTS OFFERED 81
11.2.4 KEY DEVELOPMENTS 83
11.2.5 SWOT ANALYSIS 84
11.2.6 KEY STRATEGIES 84
11.3 SUZUKI MOTOR CORPORATION 85
11.3.1 COMPANY OVERVIEW 85
11.3.2 FINANCIAL OVERVIEW 86
11.3.3 PRODUCTS OFFERED 87
11.3.4 KEY DEVELOPMENTS 88
11.3.5 SWOT ANALYSIS 89
11.3.6 KEY STRATEGIES 89
11.4 KAWASAKI MOTORS CORP. (KAWASAKI HEAVY INDUSTRIES, LTD.) 90
11.4.1 COMPANY OVERVIEW 90
11.4.2 FINANCIAL OVERVIEW 91
11.4.3 PRODUCTS OFFERED 91
11.4.4 KEY DEVELOPMENTS 92
11.4.5 SWOT ANALYSIS 93
11.4.6 KEY STRATEGIES 93
11.5 HAVOC MOTORCYCLES INC. 94
11.5.2 FINANCIAL OVERVIEW 95
11.5.3 PRODUCTS OFFERED 95
11.5.4 KEY DEVELOPMENTS 95
11.6 YAMAHA MOTOR CO., LTD. 96
11.6.1 COMPANY OVERVIEW 96
11.6.2 FINANCIAL OVERVIEW 97
11.6.3 PRODUCTS OFFERED 98
11.6.4 KEY DEVELOPMENTS 98
11.6.5 SWOT ANALYSIS 99
11.6.6 KEY STRATEGIES 99
11.7 BMW MOTORRAD (BMW GROUP) 100
11.7.1 COMPANY OVERVIEW 100
11.7.2 FINANCIAL OVERVIEW 101
11.7.3 PRODUCTS OFFERED 102
11.7.4 KEY DEVELOPMENTS 103
11.7.5 SWOT ANALYSIS 103
11.7.6 KEY STRATEGIES 104
11.8 MV AGUSTA MOTOR S.P.A 105
11.8.1 COMPANY OVERVIEW 105
11.8.2 FINANCIAL OVERVIEW 105
11.8.3 PRODUCTS OFFERED 106
11.8.4 KEY DEVELOPMENTS 107
11.8.5 SWOT ANALYSIS 108
11.8.6 KEY STRATEGIES 108
11.9 HONDA MOTOR CO., LTD. 109
11.9.1 COMPANY OVERVIEW 109
11.9.2 FINANCIAL OVERVIEW 110
11.9.3 PRODUCTS OFFERED 111
11.9.4 KEY DEVELOPMENTS 112
11.9.5 SWOT ANALYSIS 113
11.9.6 KEY STRATEGIES 113
11.10 BOMBARDIER RECREATIONAL PRODUCTS (BRP) 114
11.10.1 COMPANY OVERVIEW 114
11.10.2 FINANCIAL OVERVIEW 115
11.10.3 PRODUCTS OFFERED 116
11.10.4 KEY DEVELOPMENTS 116
11.10.5 SWOT ANALYSIS 117
11.10.6 KEY STRATEGIES 117
11.11 TRIUMPH MOTORCYCLES LTD. 118
11.11.1 COMPANY OVERVIEW 118
11.11.2 FINANCIAL OVERVIEW 118
11.11.3 PRODUCTS OFFERED 119
11.11.4 KEY DEVELOPMENTSS 120
11.11.5 SWOT ANALYSIS 120
11.11.6 KEY STRATEGIES 120
11.12 DUCATI MOTOR HOLDING S.P.A. (VOLKSWAGEN AG) 121
11.12.1 COMPANY OVERVIEW 121
11.12.2 FINANCIAL OVERVIEW 122
11.12.3 PRODUCTS OFFERED 123
11.12.4 KEY DEVELOPMENTSS 123
11.12.5 SWOT ANALYSIS 124
11.12.6 KEY STRATEGIES 124
11.13 ROYAL ENFIELD (EICHER MOTORS LIMITED) 125
11.13.1 COMPANY OVERVIEW 125
11.13.2 FINANCIAL OVERVIEW 126
11.13.3 PRODUCTS OFFERED 127
11.13.4 KEY DEVELOPMENTSS 127
11.13.5 SWOT ANALYSIS 128
11.13.6 KEY STRATEGIES 128
11.14 PIAGGIO GROUP 129
11.14.1 COMPANY OVERVIEW 129
11.14.2 FINANCIAL OVERVIEW 130
11.14.3 PRODUCTS OFFERED 131
11.14.4 KEY DEVELOPMENTSS 132
11.14.5 SWOT ANALYSIS 133
11.14.6 KEY STRATEGIES 133
11.15 POLARIS INDUSTRIES INC. 134
11.15.1 COMPANY OVERVIEW 134
11.15.2 FINANCIAL OVERVIEW 135
11.15.3 PRODUCTS OFFERED 136
11.15.4 KEY DEVELOPMENTSS 136
11.15.5 SWOT ANALYSIS 137
11.15.6 KEY STRATEGIES 137
LIST OF TABLES
TABLE 1 QFD MODELING FOR MARKET SHARE ASSESSMENT 36
TABLE 2 MOTOR VEHICLE ACT SECTION AND FINES 52
TABLE 3 BRITISH COLUMBIA MOTORCYCLE MARKET, BY TYPE, 2019-2032 (USD MILLION) 56
TABLE 4 BRITISH COLUMBIA MOTORCYCLE MARKET, BY TYPE, 2019-2032 (UNITS) 56
TABLE 5 BRITISH COLUMBIA MOTORCYCLE MARKET, BY PROPULSION TYPE, 2019-2032 (USD MILLION) 59
TABLE 6 BRITISH COLUMBIA MOTORCYCLE MARKET, BY PROPULSION TYPE, 2019-2032 (UNITS) 59
TABLE 7 BRITISH COLUMBIA MOTORCYCLE MARKET, BY ENGINE DISPLACEMENT, 2019-2032 (USD MILLION) 61
TABLE 8 BRITISH COLUMBIA MOTORCYCLE MARKET, BY ENGINE DISPLACEMENT, 2019-2032 (UNITS) 61
TABLE 9 BRITISH COLUMBIA MOTORCYCLE MARKET, BY APPLICATION, 2019-2032 (USD MILLION) 64
TABLE 10 BRITISH COLUMBIA MOTORCYCLE MARKET, BY APPLICATION, 2019-2032 (UNITS) 64
TABLE 11 PRODUCT LAUNCH/PRODUCT APPROVAL 67
TABLE 12 MERGER/ACQUISITION/AGGREMENT/OTHERS 72
TABLE 13 PARTNERSHIP/INVESTMENT/COLLABORATION/EXPANSION 73
TABLE 14 HARLEY-DAVIDSON, INC.: PRODUCTS OFFERED 77
TABLE 15 HARLEY-DAVIDSON, INC.: KEY DEVELOPMENTS 78
TABLE 16 PIERER MOBILITY AG: PRODUCTS OFFERED 81
TABLE 17 PIERER MOBILITY AG: KEY DEVELOPMENTS 83
TABLE 18 SUZUKI MOTOR CORPORATION: PRODUCTS OFFERED 87
TABLE 19 SUZUKI MOTOR CORPORATION: KEY DEVELOPMENTS 88
TABLE 20 KAWASAKI MOTORS CORP. (KAWASAKI HEAVY INDUSTRIES, LTD.): PRODUCTS OFFERED 91
TABLE 21 KAWASAKI MOTORS CORP. (KAWASAKI HEAVY INDUSTRIES, LTD.): KEY DEVELOPMENTS 92
TABLE 22 HAVOC MOTORCYCLES INC.: PRODUCTS OFFERED 95
TABLE 23 YAMAHA MOTOR CO., LTD.: PRODUCTS OFFERED 98
TABLE 24 YAMAHA MOTOR CO., LTD.: KEY DEVELOPMENTS 98
TABLE 25 BMW MOTORRAD (BMW GROUP): PRODUCTS/ SOLUTIONS/ SERVICES OFFERED 102
TABLE 26 BMW MOTORRAD (BMW GROUP): KEY DEVELOPMENTS 103
TABLE 27 MV AGUSTA MOTOR S.P.A: PRODUCTS OFFERED 106
TABLE 28 MV AGUSTA MOTOR S.P.A: KEY DEVELOPMENTS 107
TABLE 29 HONDA MOTOR CO., LTD.: PRODUCTS OFFERED 111
TABLE 30 HONDA MOTOR CO., LTD.:KEY DEVELOPMENTS 112
TABLE 31 BOMBARDIER RECREATIONAL PRODUCTS (BRP): PRODUCTS OFFERED 116
TABLE 32 BOMBARDIER RECREATIONAL PRODUCTS (BRP): KEY DEVELOPMENTS 116
TABLE 33 TRIUMPH MOTORCYCLES LTD.: PRODUCTS OFFERED 119
TABLE 34 TRIUMPH MOTORCYCLES LTD.: KEY DEVELOPMENTS 120
TABLE 35 DUCATI MOTOR HOLDING S.P.A. (VOLKSWAGEN AG): PRODUCTS OFFERED 123
TABLE 36 DUCATI MOTOR HOLDING S.P.A. (VOLKSWAGEN AG): KEY DEVELOPMENTS 123
TABLE 37 ROYAL ENFIELD (EICHER MOTORS LIMITED): PRODUCTS OFFERED 127
TABLE 38 ROYAL ENFIELD (EICHER MOTORS LIMITED): KEY DEVELOPMENTS 127
TABLE 39 PIAGGIO GROUP: PRODUCTS OFFERED 131
TABLE 40 PIAGGIO GROUP: KEY DEVELOPMENTS 132
TABLE 41 POLARIS INDUSTRIES INC.: PRODUCTS OFFERED 136
TABLE 42 POLARIS INDUSTRIES INC.: KEY DEVELOPMENTS 136
LIST OF FIGURES
FIGURE 1 BRITISH COLUMBIA MOTORCYCLE MARKET: STRUCTURE 23
FIGURE 2 BRITISH COLUMBIA MOTORCYCLE MARKET: MARKET GROWTH FACTOR ANALYSIS (2022-2032) 38
FIGURE 3 DRIVER IMPACT ANALYSIS (2022-2032) 40
FIGURE 4 RESTRAINT IMPACT ANALYSIS (2022-2032) 41
FIGURE 5 OPPORTUNITY IMPACT FORECAST 43
FIGURE 6 SUPPLY CHAIN: BRITISH COLUMBIA MOTORCYCLE MARKET 47
FIGURE 7 PORTER'S FIVE FORCES ANALYSIS OF THE BRITISH COLUMBIA MOTORCYCLE MARKET 49
FIGURE 8 MOTORCYCLES MARKET: SWOT ANALYSIS 51
FIGURE 9 BRITISH COLUMBIA MOTORCYCLE MARKET; TYPE SEGMENT ATTRACTIVENESS, (USD MILLION) 55
FIGURE 10 BRITISH COLUMBIA MOTORCYCLE MARKET, BY TYPE, 2022 & 2032 (USD MILLION) 56
FIGURE 11 BRITISH COLUMBIA MOTORCYCLE MARKET, BY TYPE, 2022 (% SHARE) 57
FIGURE 12 BRITISH COLUMBIA MOTORCYCLE MARKET, BY PROPULSION TYPE, SEGMENT ATTARCTIVENESS ANALYSIS 58
FIGURE 13 BRITISH COLUMBIA MOTORCYCLE MARKET, BY PROPULSION TYPE, 2022 & 2032 (USD MILLION) 58
FIGURE 14 BRITISH COLUMBIA MOTORCYCLE MARKET, BY PROPULSION TYPE, 2022 (% SHARE) 59
FIGURE 15 BRITISH COLUMBIA MOTORCYCLE MARKET, BY ENGINE DISPLACEMENT, SEGMENT ATTARCTIVENESS ANALYSIS 60
FIGURE 16 BRITISH COLUMBIA MOTORCYCLE MARKET, BY ENGINE DISPLACEMENT, 2022 & 2032 (USD MILLION) 61
FIGURE 17 BRITISH COLUMBIA MOTORCYCLE MARKET, BY ENGINE DISPLACEMENT, 2022 (% SHARE) 62
FIGURE 18 BRITISH COLUMBIA MOTORCYCLE MARKET, BY PRICING, SEGMENT ATTARCTIVENESS ANALYSIS 63
FIGURE 19 BRITISH COLUMBIA MOTORCYCLE MARKET, BY PRICING, 2022 & 2032 (USD MILLION) 63
FIGURE 20 BRITISH COLUMBIA MOTORCYCLE MARKET, BY PRICING, 2022 (% SHARE) 64
FIGURE 21 BRITISH COLUMBIA MOTORCYCLE PLAYERS: COMPETITIVE ANALSIS, 2022 65
FIGURE 22 COMPETITOR DASHBOARD: BRITISH COLUMBIA MOTORCYCLE MARKET 66
FIGURE 23 HARLEY-DAVIDSON, INC.: FINANCIAL OVERVIEW SNAPSHOT 76
FIGURE 24 HARLEY-DAVIDSON, INC.: SWOT ANALYSIS 79
FIGURE 25 PIERER MOBILITY AG: FINANCIAL OVERVIEW SNAPSHOT 81
FIGURE 26 PIERER MOBILITY AG: SWOT ANALYSIS 84
FIGURE 27 SUZUKI MOTOR CORPORATION: FINANCIAL OVERVIEW SNAPSHOT 86
FIGURE 28 SUZUKI MOTOR CORPORATION: SWOT ANALYSIS 89
FIGURE 29 KAWASAKI MOTORS CORP. (KAWASAKI HEAVY INDUSTRIES, LTD.): FINANCIAL OVERVIEW SNAPSHOT 91
FIGURE 30 KAWASAKI MOTORS CORP. (KAWASAKI HEAVY INDUSTRIES, LTD.): SWOT ANALYSIS 93
FIGURE 31 YAMAHA MOTOR CO., LTD.: FINANCIAL OVERWIEV SNAPSHOT 97
FIGURE 32 YAMAHA MOTOR CO., LTD.: SWOT ANALYSIS 99
FIGURE 33 BMW MOTORRAD (BMW GROUP): FINANCIAL OVERWIEV SNAPSHOT 101
FIGURE 34 BMW MOTORRAD (BMW GROUP): SWOT ANALYSIS 103
FIGURE 35 MV AGUSTA MOTOR S.P.A: SWOT ANALYSIS 108
FIGURE 36 HONDA MOTOR CO., LTD.: FINANCIAL OVERWIEV SNAPSHOT 110
FIGURE 37 HONDA MOTOR CO., LTD.: SWOT ANALYSIS 113
FIGURE 38 BOMBARDIER RECREATIONAL PRODUCTS (BRP): FINANCIAL OVERWIEV SNAPSHOT 115
FIGURE 39 BOMBARDIER RECREATIONAL PRODUCTS (BRP): SWOT ANALYSIS 117
FIGURE 40 TRIUMPH MOTORCYCLES LTD.: SWOT ANALYSIS 120
FIGURE 41 DUCATI MOTOR HOLDING S.P.A. (VOLKSWAGEN AG): FINANCIAL OVERVIEW SNAPSHOT 122
FIGURE 42 DUCATI MOTOR HOLDING S.P.A. (VOLKSWAGEN AG): SWOT ANALYSIS 124
FIGURE 43 ROYAL ENFIELD (EICHER MOTORS LIMITED): FINANCIAL OVERVIEW SNAPSHOT 126
FIGURE 44 ROYAL ENFIELD (EICHER MOTORS LIMITED): SWOT ANALYSIS 128
FIGURE 45 PIAGGIO GROUP: FINANCIAL OVERVIEW SNAPSHOT 130
FIGURE 46 PIAGGIO GROUP: SWOT ANALYSIS 133
FIGURE 47 POLARIS INDUSTRIES INC.: FINANCIAL OVERVIEW SNAPSHOT 135
FIGURE 48 POLARIS INDUSTRIES INC.: SWOT ANALYSIS 137
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