Over the past decade, bikes and motorcycles have been increasingly adopted as a cost-effective form of personal transportation.Although advances in the automotive industry have greatly boosted sales, macroeconomic factors such as increased disposable income and increased urban population have further promoted cross-regional market sales.
After the outbreak of the COVID-19 Pandemic, compared with trains, buses and other public transportation, people's demand for bicycles and motorcycles is increasing. On the one hand, motorcycles can satisfy personal transportation, and on the other hand, they can reduce social distance.
A motorcycle, often known as a bike, is a two-wheeled motor vehicle built with metallic and fiber frames.The market is segmented into ICE and electric based on propulsion type. The internal combustion engine (ICE) segment accounts for the largest share globally due to its wide usage across regions.
However, the global requirements for environmental protection have greatly promoted the demand for electric motorcycles, and the infrastructure facilities such as installing charging stations across countries significantly boost the adoption of electric bikes, thereby propelling the market growth.
In the past five years, with the rapid advancement of motorbike technology, it can be said that the future of motorbikes has arrived.The increase of consumers' disposable income, the improvement of living standards, the increase of the number of young people, and the preference of the elderly for owning vehicles instead of taking public transport are also changing, which have increased the demand for motorcycles.
In the global market, manufacturers of two-wheeled vehicles are mainly concentrated in African and Asian countries.According to the data,India and Japan's two wheeler industries are the major contributors to the global motorized two-wheeler industry. Besides, there is also a huge market for lower-capacity (less than 300 ccs) bikes, mainly produced in India and China.
CYCLEMIX is a Chinese electric vehicle alliance brand, which is invested and established by famous Chinese electric vehicle enterprises，The CYCLEMIX platform integrates bicycles, electric bicycles, motorcycles, electric motorcycles and other product types. Manufacturers can find any vehicles and parts you need in CYCLEMIX.
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Post time: Dec-06-2022
